Rothschild money put into Net start-ups
Tuesday 09 November 1999
Lord Rothschild, the chairman of RIT Capital, the Rothschild investment trust business, has taken a stake in New Media Investors, a company that scours the world for Internet start-ups to back. His son Nathaniel is also joining the board. Nat Rothschild, 28, works for Atticus, a New York- based hedge fund, but spends some of his time in London.
The chief purpose of New Media Investors is to seek out promising prospects for New Media Spark, an investment company that was floated on the Alternative Investment Market earlier this month.
The size of the Rothschild investment has not been disclosed, although the family does not have a disclosable holding in the quoted company.
However, they are already sitting on a large paper profit after they invested in the flotation. The shares were priced at 10p a few weeks ago; yesterday they closed 4.5p higher at 84.5p, valuing the company at over pounds 90m.
Thomas Teichman, the chairman of New Media Investors, said: "We are very pleased to be working with Lord Rothschild's family interests and to be their eyes and ears in the new media market in London."
- 1 Kim Jong-un shows off airport designed by architect he likely had executed
- 2 Tunisia hotel attack: Locals form 'human shield' to protect hotel from gunman Seifeddine Rezgui
- 3 Why it matters 26 million people have changed their Facebook profile picture to a rainbow flag
- 4 German ethics council calls for incest between siblings to be legalised by Government
- 5 Fifty Shades of Grey author E.L James's Twitter Q&A didn't go exactly as planned
Michael Douglas regrets 'embarrassing' Catherine Zeta-Jones with oral sex comments
Kim Jong-un shows off airport designed by architect he likely had executed
Tunisia hotel attack: Locals form 'human shield' to protect hotel from gunman Seifeddine Rezgui
Ex-Scientologist Carmen Llwyelyn blasts 'cult' and her treatment after divorce with Jason Lee
Tunisian builder has been hailed a hero after knocking gunman to the ground with roof tiles
The moment a Queen's Guard soldier lost it and drew his gun at annoying tourist
Greece crisis: The wider lesson is that it’s time to abandon this failed experiment in currencies
'I wish the BBC would stop calling it Islamic State' – David Cameron unleashes frustration at broadcaster
Extend Right To Buy to tenants of private landlords, Labour's Jeremy Corbyn says
David Cameron struck double blow in his hopes to win Britain a new EU deal
Pentagon accuses Russia of 'playing with fire' over nuclear threats towards Nato
iJobs Money & Business
£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...
£22500 - £27000 per annum + OTE £45K: SThree: Since our inception in 1986, STh...
Negotiable: Recruitment Genius: This extremely successful and well-established...
Competitive with monthly bonus: Guru Careers: We are seeking an experienced FX...