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Michelle Ritter

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business2 years ago

"Secret Investment: Billionaire Eric Schmidt Puts $100 Million into Girlfriend's Startup"

Former Google CEO Eric Schmidt has reportedly invested $100 million in Steel Perlot, a startup incubator led by Michelle Ritter, who is rumored to be his girlfriend. Schmidt serves as the chairman of the company and is described as a "very, very active chairman" by Ritter. Steel Perlot manages $450 million and has invested at least $20 million in various companies in the AI, crypto, and payment processing sectors. Schmidt's investment comes amidst rumors of his romantic involvement with Ritter.

via Yahoo! Voices|
#business#eric-schmidt#investment
business2 years ago

Former Google CEO's $100M Investment in Rumored Girlfriend's Firm Raises Eyebrows

Former Google CEO Eric Schmidt has reportedly invested $100 million in Steel Perlot, a startup incubator led by Michelle Ritter, who is rumored to be his girlfriend. Schmidt serves as the chairman of the company and is described as a "very, very active chairman" by Ritter. The status of their relationship remains undisclosed. Steel Perlot manages $450 million and has invested at least $20 million in various companies in the AI, crypto, and payment processing sectors. The company had reportedly requested financial assistance from Schmidt's family office in January. Schmidt, who has been married for over 40 years, has been linked to other women in the past but has never confirmed any relationships.

via Business Insider|
#business#eric-schmidt#investment
business2 years ago

Google CEO's $100 Million Venture with Girlfriend Fails to Take Off

Former Google CEO Eric Schmidt has reportedly committed at least $100 million to startup accelerator Steel Perlot, which he leads as executive chairman alongside CEO Michelle Ritter, who he has been dating. However, just over a year after its launch, Steel Perlot was requesting financial assistance from Schmidt's family office to cover payroll and credit card debts. Former employees and sources linked to Steel Perlot have raised concerns about Ritter overstating financial commitments and involvement from industry leaders. While Ritter claims the company has multiple backers, Forbes was unable to find evidence of significant funds from anyone other than Schmidt. Schmidt declined to comment on Steel Perlot and his relationship with Ritter.

via Forbes|
#business#eric-schmidt#financial-troubles