DuPont investor wants new board members [Startup Roundup] - Technical.ly Delaware

Growth

Jan. 16, 2015 12:48 pm

DuPont investor wants new board members [Startup Roundup]

Plus: AppVirality, an app growth-hacking startup, has raised a seed round.
Gov. Jack Markell joined DuPont CSO Linda Fisher at the Newport Solar Facility Grand Opening.

Gov. Jack Markell joined DuPont CSO Linda Fisher at the Newport Solar Facility Grand Opening.

(Photo by Twitter user @DuPont_News)

startup

WHO’S GETTING BUZZ

Activist investor Nelson Peltz — through his investment firm Trian Partners — owns a 2.68 percent stake in DuPontThe News Journal recently reported that Peltz claimed that shareholder return should be 52 percent higher — this is what he reported in his filings through the Securities & Exchange Commission. He recently nominated four directors to the company’s board, which consists of 13 members. The company, The News Journal reports, issued a statement saying Peltz’s plan would disrupt the company’s long-term goals.

The University of Delaware’s Jingyi Yu is exploring Google Glass as a technology that can fit and design prosthetics. He is a “Glass Explorer,” and has joined a select group of people who are creating, shaping and sharing through Glass. Read the full profile on Phys.org. Glass may also be dead, FYI.

 

WHO’S GETTING FUNDED

AppVirality Inc. — a company originally based in India and registered in Delaware — has raised a seed round from industry investors Rajan Anandan, Mike Galgon, Ravi Gururaj, Ashim Mehra, Mohit Saxena, India Internet Group and TNN Capital, YourStory reports. The plug-and-play growth hacking toolkit for mobile apps was developed and founded by brothers Ram Papineni and Laxman Papineni.

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