The company is Venture Back. It's been valued by investors including SoftBank and Tiger Global at $1.4 billion. Their model is essentially bring the gig economy to elder care. They have a network of independent contractors who can sign up within minutes, go through a background check process and get onboarded. Those folks are sent to the homes of elderly clients who are members of health plans that the company contracts with. The company does a lot of business with Medicare Advantage plans.
Bloomberg News Equities Reporter Ryan Vlastelica and Bloomberg News US Semiconductor & Networking Reporter Ian King discuss Nvidia’s market valuation crossing the $1 trillion threshold on Tuesday after its artificial intelligence prospects vaulted the chipmaker into an elite club of just five American companies. Andrew Slimmon, Senior Portfolio Manager at Morgan Stanley Investment Management and Yelena Shulyatyeva, Senior US Economist at BNP Paribas, break down the impact of Fed policy on the US markets and economy. Glenn J. Williams, CEO of Primerica, shares his insight on the mood of the middle-income investor. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Tech and VC Reporter Priya Anand talk about Priya's Businessweek story Assault Allegations Plague a $1.4 Billion Home Eldercare Startup.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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