(06-15-2004) U2's Bono goes to Wall St - The Times*

HelloAngel · 06-15-2004, 10:47 AM

U2's Bono goes to Wall St
By Steven Downes

Bono, the lead singer for the rock band U2, is to join Elevation Partners, a Silicon Valley venture capital fund, as a managing director to invest in media and entertainment companies.

According to reports in today's Wall Street Journal, the 44-year-old Irish rock star's participation in the venture fund will elevate its profile. The fund is likely to raise $1 billion for acquisitions and investments in the media and entertainment arena.

The venture fund has been set up by top technology investor Roger McNamee and John Riccitiello, the former president of videogame maker Electronic Arts Inc John Riccitiello. The fund also has Fred Anderson who recently retired as the finance chief of Apple Computer.

Despite U2's many hit records including the 2001 Grammy-winner "Elevation", the venture fund says that the firm's name and the link with Bono, whose real name is Paul Hewson, is coincidental. Nonetheless, the move by Bono represents something of a turnaround for the lead singer of a band that has so often espoused support for the anti-globalisation in its songs and when interviewed.

The fund declined to elaborate Bono's responsibilities in the company or its own plans.

http://business.timesonline.co.uk/ar...146382,00.html

Mullen-Girl · 06-15-2004, 12:48 PM

I dunno what to think of this

isabelle_guns · 06-15-2004, 01:07 PM

I am with mullen girl when I say that I am not sure what to think of this either. I am on the fence with this one 50-50

Ottofilm · 06-15-2004, 01:45 PM

Maybe they could fund me photographing the next tour!

Heh.

Sigh...

RockNRollDawgie · 06-15-2004, 01:48 PM

Why is it only the UK ran with the story? I can't find any US papers
that mention this story.

caragriff · 06-15-2004, 04:21 PM

the original source is a u.s. paper--the wall street journal.
in today's print edition of the Wall Street Journal it is the lead story on the front page of the "money and investing" section.
it features a color photo of bono and the headline: Bono brings star power to Silicon Valley Fund.
Publicist Regine Moylett is quoted as confirming Bono's involvement, but declining to comment further.

RockNRollDawgie · 06-16-2004, 12:23 AM

Quote:

Originally posted by caragriff
the original source is a u.s. paper--the wall street journal.
in today's print edition of the Wall Street Journal it is the lead story on the front page of the "money and investing" section.
it features a color photo of bono and the headline: Bono brings star power to Silicon Valley Fund.
Publicist Regine Moylett is quoted as confirming Bono's involvement, but declining to comment further.

Cool! thanks for the info

U2girl · 06-20-2004, 05:26 AM

Investments in entertainment would make sense for a singer would't it?

U2girl · 06-20-2004, 08:37 AM

I mean, maybe he can help promote some changes in the music industry...

U2SJ · 06-21-2004, 01:52 PM

Maybe he will come to San Jose soon

agentmissa · 06-21-2004, 04:16 PM

You think he would come here U2SJ?

06-15-2004, 10:47 AM	#1
HelloAngel ONE love, blood, life Premium Gold Member Join Date: Sep 2001 Location: new york city Posts: 14,538 Local Time: 09:29 PM Images: 10	(06-15-2004) U2's Bono goes to Wall St - The Times* U2's Bono goes to Wall St By Steven Downes Bono, the lead singer for the rock band U2, is to join Elevation Partners, a Silicon Valley venture capital fund, as a managing director to invest in media and entertainment companies. According to reports in today's Wall Street Journal, the 44-year-old Irish rock star's participation in the venture fund will elevate its profile. The fund is likely to raise $1 billion for acquisitions and investments in the media and entertainment arena. The venture fund has been set up by top technology investor Roger McNamee and John Riccitiello, the former president of videogame maker Electronic Arts Inc John Riccitiello. The fund also has Fred Anderson who recently retired as the finance chief of Apple Computer. Despite U2's many hit records including the 2001 Grammy-winner "Elevation", the venture fund says that the firm's name and the link with Bono, whose real name is Paul Hewson, is coincidental. Nonetheless, the move by Bono represents something of a turnaround for the lead singer of a band that has so often espoused support for the anti-globalisation in its songs and when interviewed. The fund declined to elaborate Bono's responsibilities in the company or its own plans. http://business.timesonline.co.uk/ar...146382,00.html

06-15-2004, 01:45 PM	#4
Ottofilm The Fly Premium Gold Member Join Date: Jan 2001 Location: Boise, ID, US Posts: 122 Local Time: 02:29 AM	hmmm Maybe they could fund me photographing the next tour! Heh. Sigh... __________________ \| "Rock 'n' roll will be gone by June." - 'Variety', 1955 \| Otto Kitsinger \| otto at U2 photos dot com \| 91 U2 shows, 2,400 photos, 1 camera: \| http://www.U2photos.com

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06-15-2004, 12:48 PM	#2
Mullen-Girl Rock n' Roll Doggie Band-aid Join Date: Sep 2000 Location: San Antonio/Austin, TX Posts: 4,951 Local Time: 09:29 PM	I dunno what to think of this

06-15-2004, 01:07 PM	#3
isabelle_guns Refugee Premium Gold Member Join Date: May 2004 Location: Vancouver Posts: 1,662 Local Time: 02:29 AM	I am with mullen girl when I say that I am not sure what to think of this either. I am on the fence with this one 50-50

06-15-2004, 01:48 PM	#5
RockNRollDawgie Refugee Join Date: Aug 2002 Location: USA Posts: 1,119 Local Time: 12:29 AM	Why is it only the UK ran with the story? I can't find any US papers that mention this story.

06-15-2004, 04:21 PM	#6
caragriff War Child Join Date: Jan 2004 Location: 'round the corner from anything that's real Posts: 957 Local Time: 09:29 PM	the original source is a u.s. paper--the wall street journal. in today's print edition of the Wall Street Journal it is the lead story on the front page of the "money and investing" section. it features a color photo of bono and the headline: Bono brings star power to Silicon Valley Fund. Publicist Regine Moylett is quoted as confirming Bono's involvement, but declining to comment further.

06-20-2004, 05:26 AM	#8
U2girl Blue Crack Addict Join Date: Sep 2000 Location: Slovenija Posts: 15,341 Local Time: 03:29 AM	Investments in entertainment would make sense for a singer would't it?

06-20-2004, 08:37 AM	#9
U2girl Blue Crack Addict Join Date: Sep 2000 Location: Slovenija Posts: 15,341 Local Time: 03:29 AM	I mean, maybe he can help promote some changes in the music industry...

06-21-2004, 01:52 PM	#10
U2SJ Refugee Join Date: Jan 2001 Location: San Jose, Ca USA Posts: 1,806 Local Time: 06:29 PM	Maybe he will come to San Jose soon

06-21-2004, 04:16 PM	#11
agentmissa Crippled Crack Addict Premium Gold Member Join Date: Aug 2003 Location: Where ever the music takes me. Posts: 1,787 Local Time: 06:29 PM Images: 13	You think he would come here U2SJ?