Posts in Read
Crux’s Alfred Johnson Outlines Trends in the Market for Transferable Tax Credits

The Inflation Reduction Act has revolutionized how the energy transition is being financed. The IRA is chock full of tax credits and other incentives designed to spur investment in renewables and one key aspect of the IRA pertains to the transferability of those tax credits. Alfred Johnson, the co-founder and CEO of Crux, joins the show to discuss how the market for transferable tax credits is taking shape.

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ReadMikkey ClarkeCrux
For LG Ad Solutions, AI Yield Optimization Becomes Key Focus

Vermeulen served as advisor to PilotDesk for the past several months as it raised a $3 million seed funding round, and he joined the team full time this month.

Vermeulen was an advisor to SpringServe before it was acquired by Magnite in 2021, as well as advising Beachfront, Beemray, Tru Optik and OpenSlate prior to their respective acquisitions. He was also an SVP at FreeWheel when it was bought by Comcast in 2014.

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ReadMikkey ClarkePilotDesk
Technical.ly: Climate tech startup Crux just raised $4.25M

Crux, currently a 16-person company, developed a platform for transferable tax credits from clean energy projects. Johnson, an alum of BlackRock, the Treasury Department and other government work, said that the company was created in response to the Inflation Reduction Act (IRA). With that legislation, it became legal for companies to transfer tax credits in exchange for cash.

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ReadMikkey ClarkeCrux
CNBC: Startup aims to help climate companies unlock billions in Inflation Reduction Act tax credits

The Crux platform will make it easier to discover the price of tax credits, which tend to trade at a some varying discount to their full value. Sellers can list their tax credits on option, get bids on those credits, and compare offers. The software will employ risk management tools and processes to increase trust, ensure regulatory compliance and report on the status of the project.

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ReadMikkey ClarkeCrux
Atlanta Inno: Kevin Durant invests in Atlanta pickleball startup

In October 2022, Atlanta-based Overline and Washington D.C.-based Ardent Venture Partners joined Durant and Kleiman's Boardroom Pickleball entity for a $750,000 seed round into the company. Those funds will be used by the company for engineering, marketing and design.

Pickleheads claims to be the first venture-backed technology startup to enter the pickleball space. Atlanta Inno has not been able to independently verify this.

That investment happened the same month Durant and Kleiman purchased a Major League Pickleball team of their own, with the intent of helping grow the league. The Brooklyn Nets player is one of several athletic celebrities, such as Lebron James and Tom Brady, to become an owner of a MLP team.

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Techcrunch: Method raises $16M to power loan repayment, balance transfers and more across fintech apps

Method, a startup that aims to make it easier for fintech developers to embed repayment, balance transfers and bill pay automation into their apps, today announced that it closed a $16 million Series A funding round led by Andreessen Horowitz, with participation from Truist Ventures, Y Combinator (Method’s a Y Combinator graduate), Abstract Ventures, SV Angel and others. Co-founder Mit Shah says that the new cash will be put toward product development and growing the company’s headcount from eight people to 28 by the end of the year.

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ReadMikkey ClarkeMethod
Why Bookkeeping Is Important: The Basics

You may be wondering what bookkeeping is – and how it can help your business, before and during tax season. One thing to know right off the jump: bookkeeping is essential.  The first step in many critical business tasks, it allows you to have a better view of your business’ finances at any given time. Big or small. Doesn’t matter!  All companies have to update their books every three months for tax reasons, but it’s best to update your books at least every month. 

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ReadMikkey ClarkeCollective