first_imgSamsung has had an embarrassing time of late, but it was due to a very serious problem. The first batch of Galaxy Note 7 smartphones it shipped have been exploding. So dangerous are the handsets that Samsung issued a recall, but not before they had caused some serious injuries, been banned from use on flights, and even started a car fire.I’m sure Samsung is hoping everyone quickly forgets about what happened, but players of GTA V on PC won’t any time soon. That’s because the Galaxy Note 7 has been added to the game and acts as a sticky bomb if players choose to purchase and use it.The Note 7 bomb comes courtesy of Grand Theft Auto modder HitmanNiko. He achieved it by replacing the sticky bomb that’s already present in the game with a 3D model of the Galaxy Note 7.As you can see, the Note 7 can be purchased and then carried quite naturally in the hand. But then you can start throwing it, or sticking it to the sides of cars or other objects in the game and all hell breaks loose.The mod is available to download for free from the 5Mods website. HitmanNiko has also made it possible to change the phone’s color or even the wallpaper shown on the screen. It’s a simple case of replacing a couple of texture files, and I bet it proves popular.last_img read more

first_img Comment Email Desmarais-backed venture capital platform closes new $55-million tech fund Portag3, the venture capital arm of three companies within the Desmarais family’s Power Corp., is the ‘anchor’ investor in both Diagram funds Share this storyDesmarais-backed venture capital platform closes new $55-million tech fund Tumblr Pinterest Google+ LinkedIn Barbara Shecter Reddit A venture capital platform with the backing of Quebec’s Desmarais family has closed a second fund to finance technology startups primarily in financial services, this time with $55 million to invest.Francois Lafortune, chief executive of Diagram Ventures, said the first $30-million fund has already invested in or co-founded five companies since it launched in 2017 with a target of seven investments, and the plan is for the second fund to back about a dozen more.The portfolio companies already up and running have grown to a combined enterprise value of $175 million in less than three years, and have created 250 full-time jobs, Lafortune said, adding that the value is based in part on what third parties have been willing to invest in the companies.“We’ve proven that this is possible, our model has a place,” he said. Koho locks down $8M investment from Desmarais-backed venture fund The Game Changers: The banker, the venture capitalist and others changing the way we think, work and play Desmarais scion to oversee family-backed Canadian fintech venture capital fund The strategy is to find early-stage technology companies and partner with their management financially, provide support services, and give them access to a network of limited partners and large incumbent players within Power Corp.Portag3 — the venture capital arm of entities of the Desmarais family’s Power Financial Corp. and outside investors — is the “anchor” investor in both Diagram funds, the second of which also boasts 75 angel investors.“They have a global view on the trends in fintech and it helps us be smart when we create companies … to learn what’s happening globally and to create the right type of company,” said Lafortune. “And also to validate investor appetite early, which we couldn’t do if we were just on our own.”Paul Desmarais III, Diagram’s co-founder and chairman who is also a senior vice president at Power Corp., said the funds are a “key” component of the family’s strategy of investing in “the next generation of global financial services platforms.”Millions of dollars in investments have been made through Portag3 already, in companies including robo-advisor Wealthsimple, online lender Borrowell, and Koho, a mobile payments and banking startup.I have full confidence in the team and that the model works Twitter More Recommended For YouSlate Office REIT Announces Distribution for the Month of July 2019Corn pulls back from five-year high as traders eye U.S. weatherPeople’s United Financial to buy United Financial Bancorp for $743 mln in stockSierra Metals Announces the Appointment of Koko Yamamoto to Its Board of DirectorsS&P ends near flat as Citigroup results sink banks; Nasdaq hits new high Facebook June 11, 201912:01 AM EDTLast UpdatedJune 12, 201910:31 AM EDT Filed under News FP Street In a statement about the latest Diagram fund, Desmarais highlighted the participation international investors, which more than doubled from the first fund.“We expect this will create substantive benefits for our portfolio companies as they expand internationally,” Desmarais said.“My personal commitment to Diagram is unwavering because I have full confidence in the team and that the model works.”The first fund’s portfolio companies include Dialogue, a Montreal-based virtual health platform for employees, and Toronto-based Collage, a developer of a cloud-based software application for companies to automate human resources, benefits, and payroll administration.An investor in Diagram’s first fund, Montreal entrepreneur and investor Hamnett Hill, has joined the venture platform as a partner.Hill co-founded TotalNet, one of Canada’s largest early Internet Service Providers, Zero-Knowledge Systems, a pioneer in online privacy and security, and Smooch, a messaging software provider, which was sold to San Francisco-based Zendesk in May.“Diagram’s unique, entrepreneur-focused model and the success it has enjoyed so far drew me to the platform,” Hill said in a statement. “I have yet to see anything else like it and I believe this formula represents the way forward to create the next generation of Canadian-based global businesses in the financial technology sector.”Limited partners in Diagram’s second fund include Bruce Heyman, former United States Ambassador to Canada and a former partner at Goldman Sachs, Mark Britto, executive vice president of global sales and credit at PayPal, and Anatol von Hahn, the former group head of Canadian banking at Bank of Nova Scotia. 0 Comments Join the conversation →last_img read more