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The Genesis of Meridian Ventures Meridian Ventures was born out of a shared experience: deferred MBAs. Now, founders Devon Gethers and Karlton Haney have raised a $35 million fund to back pre-seed and seed-stage companies started by people like them. The Founders' Background Gethers, 29, and Haney, 28, met in Harvard’s MBA deferred admission program in 2020. Gethers grew up in poverty in Washington State, while Haney grew up on a farm in Arkansas. They both have diverse educational and professional backgrounds, with Gethers studying behavioral science and finance, and Haney studying industrial engineering. The Investment Thesis The duo's thesis is to challenge the common Silicon Valley belief that MBAs don’t make good founders. They believe that MBAs, especially those who have deferred, bring a unique perspective to the startup world. The Fund To prove their thesis, Gethers and Haney initially raised $2.5 million as a proof-of-concept fund to back 45 companies. They then successfully raised an oversubscribed $35 million fund from LPs, including publicly traded banks, family offices, and Fortune 500 executives. The new fund will focus on enterprise technology in the United States, with an average check size of $500,000 for pre-seed and $750,000 for seed. The Investment Strategy Focus on pre-seed and seed-stage companies Enterprise technology investments in the US Agnostic to specific industries, with investments in fintech, logistics, healthcare, and AI Average check size: $500,000 (pre-seed) and $750,000 (seed) Capital deployment over the next three years The Goal The goal of the $35 million fund is to bridge the capital gap between ambitious founders building frontier technologies and the capital required to help carry those ambitions forward.

The Farewell of a Harlequins LegendAfter 18 years with Harlequins, New Zealand's Nick Evans is preparing to say farewell to the club where he has made an indelible mark as both a player and coach. The 45-year-old former All Black fly-half, who helped the club win the Premiership title in 2012 as a player and again in 2021 as a coach, admitted this week: "It's going to be really hard to let go of this club." His departure marks the end of an era for Harlequins, a club that has become his home thousands of miles from his native New Zealand.A Career Forged at the StoopEvans joined Harlequins in 2008 and quickly became an integral part of the team's fabric. As a player, he was known for his skill, creativity, and popularity, embodying the positive approach that Quins brought to the game. After transitioning to coaching, he continued to bring innovation, constantly seeking new ways to break down opposition defenses. Despite a disappointing season for the team in what would be his final year, Evans' contributions over nearly two decades have been substantial, leaving a lasting legacy at the Stoop.The Numbers Behind the LegacyDuring his playing career, Evans made over 200 appearances for Harlequins, scoring more than 1,500 points. His precision kicking and creative playmaking were instrumental in the club's 2012 Premiership victory. As a coach, he helped develop the team's attacking strategies, culminating in another title win in 2021. His influence extended beyond the field, as he mentored young players like Marcus Smith, who has emerged as one of England's most exciting fly-halves. Evans' ability to adapt and innovate has been a constant throughout his tenure, even as the team faced challenges maintaining consistency.Shaping English Rugby's IdentityEvans' time in England has given him unique insights into the national game and its relationship with traditional playing styles. He believes England has the talent to compete with the world's best at next year's World Cup, identifying them as one of five teams capable of causing trouble. However, he also sees a tension between England's traditional identity—epitomized by players like Jonny Wilkinson, George Ford, and Owen Farrell—and more instinctive players like Marcus Smith. Evans suggests that England could learn from South Africa's ability to maintain a clear DNA while adapting their style, potentially finding a middle ground that accommodates both approaches.The Future of Harlequins and English RugbyAs Evans prepares to move on, he leaves behind questions about Harlequins' future identity. The club once prided itself on the TRUE mantra—Tempo, Ruthless, Unpredictable, Enjoyment—but Evans acknowledges that this identity has been inconsistently applied. His departure creates an opportunity for the club to redefine itself, while his insights suggest that English rugby must evolve to accommodate different playing styles without losing its fundamental character. Wherever Evans goes next, his influence is likely to continue shaping the game, as he brings a unique perspective forged from nearly two decades at the highest level of both English and New Zealand rugby.

David Beckham has achieved a historic financial milestone, becoming the first British sportsman to reach billionaire status alongside his wife Victoria.The Inter Miami Factor and Brand SynergyThe primary engine of this wealth is the valuation of Inter Miami, which the Sunday Times Rich List estimates at £1.07 billion ($1.4bn). As co-owners, this stake alone accounts for the majority of the Beckhams' fortune. Beyond football, Beckham leverages his global image through ambassador roles with giants like Adidas and Hugo Boss, while Victoria has successfully pivoted her career into a high-end fashion empire.Wealth Rankings and Market ValuationsThe Beckhams rank second among UK sports figures, trailing only the family of Formula One legend Bernie Ecclestone (£2bn). The list highlights a tiered wealth structure in British sports:£1.185bn - David and Victoria Beckham£2bn - Ecclestone family£435m - Lewis Hamilton£325m - Rory McIlroy£240m - Anthony JoshuaNotably, Jim Ratcliffe dropped significantly in the overall list due to valuation issues at his petrochemical company INEOS.The Evolution of Sports EntrepreneurshipThis milestone signals a shift in how athletes monetize their careers post-retirement. Unlike previous generations who relied on pensions and limited endorsements, modern sports icons are building global business empires. The success of the Beckhams demonstrates the viability of the MLS (Major League Soccer) as a high-value asset class, proving that football clubs can generate returns comparable to traditional sports franchises.Future Growth TrajectoriesAs Inter Miami continues to expand its squad and stadium infrastructure, the valuation of the club is likely to appreciate further. Additionally, the entry of Barry and Eddie Hearn into the billionaire club suggests that sports management and promotion are emerging as lucrative alternative revenue streams for entrepreneurs in the UK.

The LeadOsaurus has introduced an innovative open-source, Apple-only LLM server that allows Mac users to seamlessly switch between local and cloud AI models while maintaining data privacy on their own hardware. This development addresses growing concerns about AI token costs and security by providing a user-friendly interface that runs AI in a hardware-isolated virtual sandbox.The Evolution from Dinoki to OsaurusOsaurus evolved from the idea for a desktop AI companion called Dinoki, which Osaurus co-founder Terence Pae described as a sort of "AI-powered Clippy." Dinoki's customers had questioned why they should buy the app if they still had to pay for tokens—the usage units AI companies charge for processing prompts and generating responses. This concern led Pae to develop Osaurus as a solution that allows users to run AI locally on their Macs, accessing files, browsers, and system configurations without relying on cloud services.Technical Capabilities and Model SupportOsaurus can flexibly connect with locally hosted AI models or cloud providers like OpenAI and Anthropic, allowing users to choose which AI models best fit their needs. The platform supports various models including MiniMax M2.5, Gemma 4, Qwen3.6, GPT-OSS, Llama, and DeepSeek V4. It also supports Apple's on-device foundation models, Liquid AI's LFM family of on-device models, and cloud connections to OpenAI, Anthropic, Gemini, xAI/Grok, Venice AI, OpenRouter, Ollama, and LM Studio. As a full MCP (Model Context Protocol) server, it provides access to tools for MCP-compatible clients and ships with over 20 native plugins for Mail, Calendar, Vision, macOS Use, XLSX, PPTX, Browser, Music, Git, Filesystem, Search, Fetch, and more. Recent updates have also added voice capabilities.User Adoption and Market PositionSince launching nearly a year ago, Osaurus has been downloaded over 112,000 times according to its website. The platform distinguishes itself from similar tools like OpenClaw or Hermes by offering an easy-to-use interface for consumers rather than developers, while addressing security concerns through a hardware-isolated, virtual sandbox that limits the AI's scope and keeps users' computers and data safe. Currently, Osaurus' founders, including co-founder Sam Yoo, are participating in the New York-based startup accelerator Alliance.The Future of Local AI and Business ApplicationsOsaurus' founders are exploring potential business applications, particularly in sectors like legal services and healthcare where running local LLMs could address privacy concerns. The team believes that as local AI models become more powerful, they could reduce demand for AI data centers. Pae noted that "the intelligence per wattage—which is like the metric for local AI—has been going up significantly," with local AI evolving from barely being able to finish sentences last year to now being able to run tools, write code, access browsers, and perform various tasks. The vision is for businesses to deploy Mac Studios on-premise, using substantially less power than traditional data centers while maintaining cloud-like capabilities.

The Decline of Childminders in England The number of childminders in England has roughly halved over the past decade, with many citing rising costs, low pay, and increasing paperwork as reasons for leaving the profession. Childcare organisations have also warned that upcoming tax changes could push more childminders out of the sector. The Reasons Behind the Decline Campaigners say the decline is making it harder for families to find flexible and affordable childcare, particularly in areas already struggling with shortages. The Guardian is seeking to hear from childminders who are considering leaving the profession, as well as parents and carers who have been affected. Share Your Experience Readers can share their experiences using a form provided by the Guardian. The form allows users to provide details about their situation and how the decline of childminders has affected them. The Impact on Families The decline of childminders is having a significant impact on families, particularly those in need of flexible and affordable childcare. The Guardian's call for readers to share their experiences highlights the need for a more comprehensive understanding of the issue. What's Next? As the number of childminders continues to decline, it is likely that the issue will remain a pressing concern for families and childcare organisations. The Guardian's investigation aims to shed light on the situation and potentially inform policy changes that could support the childcare sector.

Tech companies are rapidly cutting middle‑manager layers as AI promises to do more with fewer people, with firms such as Coinbase, Block, Meta and Amazon announcing sweeping restructurings that shift managers into hybrid supervisor‑producer roles.AI‑Powered Management Flattening Across Major Tech FirmsCEOs have framed AI as a catalyst for flattening hierarchies, pledging to eliminate “unnecessary management layers.” Recent moves include:Coinbase laid off 14% of its workforce while eliminating “pure managers.”Block cut 40% of staff and assigned some engineering managers up to 175 direct reports.Meta increased managers’ span of control and required them to contribute code, as described by former manager Prateek Singh.Amazon raised the employee‑to‑manager ratio by at least 15% to boost ownership.Numbers Illustrating the Scale of the Managerial CutbacksOpenings for middle‑manager jobs in the US fell 42% at the end of 2025 compared with the 2022 peak (Revelio Labs).Middle managers made up 13% of the US workforce in 2022 (Harvard Business School).Block’s internal charts show some managers handling up to 175 reports, far above the traditional 6‑12 range.How the New Structure Reshapes Work and Risks EmergingAnalysts warn that the shift places extra pressure on remaining managers, who must now act as both supervisors and producers.Managers may rely on AI agents for asynchronous updates, reducing face‑to‑face mentorship.Potential for flawed AI‑generated decisions to cascade into security or operational failures.Reduced human interaction could hurt employee motivation, especially for less‑experienced or marginalized teams.What the Future Holds for Middle Management in an AI EraExperts predict a continued decline in traditional middle‑manager roles, with companies investing in upskilling and AI‑augmented decision‑making.Companies will need to redesign coordination processes and provide training for broader decision authority.Fewer promotion pathways may increase talent attrition, prompting firms to rethink career ladders.Hybrid “player‑coach” models could become the norm, blending technical contribution with limited people‑management duties.

Season Finale: Coleman Announces End of Everton Playing CareerThe club confirmed that Séamus Coleman will play his final match for Everton when his contract expires in June 2026. In a heartfelt statement, the captain thanked fans and hinted at a possible break before deciding his next step.Career Milestones and Contract DetailsSigned from Sligo Rovers in January 2009 for a reported £60,000Has made 433 total appearances for EvertonClub‑record 372 Premier League appearancesPotential to move into the club’s coaching staff this summerStatistical Snapshot: Appearances, Goals, and RecordsColeman sits tenth on Everton’s all‑time appearance list and could climb higher if he features in the final home game against Sunderland. His defensive contributions have been limited recently – only seven starts in the past two seasons – but he remains a regular for the Republic of Ireland.Impact on Everton’s Leadership and Club CultureManager David Moyes praised Coleman’s influence both on and off the pitch, describing him as “hugely respected” and “impossible to replace.” The defender’s work ethic and community presence have become synonymous with Everton’s identity, reinforcing the club’s emphasis on home‑grown leadership.Future Path: Coaching Prospects and Potential MovesEverton have offered a coaching role starting this summer, yet Coleman is weighing a longer break, a possible playing contract elsewhere, or a full transition into coaching. His decision will shape the club’s back‑room structure and could set a precedent for former players moving into technical positions at Goodison Park.

Finland Standdown Follows Drone Scare Amid Regional TensionsFinland has stood down its defence forces after sounding an alarm over suspected drone activities in its airspace. The authorities said on Friday that suspected drone activity above the Helsinki region no longer posed a threat and that the situation was returning to normal hours after launching an emergency response, including the launch of fighter jets and closure of the capital's airport.Emergency Response Measures in HelsinkiThe Helsinki City Rescue Department had warned the nearly 2 million inhabitants of Finland's Uusimaa region to stay indoors starting about 4am local time (1:00 GMT), as fighter jets were scrambled. Helsinki's airport was also closed for about three hours. Later, President Alexander Stubb wrote on X that authorities had "demonstrated their readiness and capacity to react", adding that the country was now facing "no direct military threat".Kimmo Kohvakka, director general for rescue services at the Ministry of the Interior, called the response a "precautionary measure" and said "daily life can continue."Rising Regional Security ConcernsThe alarm illustrates the tension stalking the region as Finland and the Baltic states eye Russian aggression and daily missile and drone attacks amid Moscow's continued war on Ukraine.The Baltic states of Estonia, Latvia and Lithuania have reported a series of suspected Ukrainian drones headed for Russia entering their airspace, prompting domestic criticism over their ability to respond to military threats.In March, two drones crossed into Finnish territory and crashed after flying low over the sea and southeastern Finland. Finnish authorities did not indicate the source of Friday's drone activity. However, defence forces operations chief Kari Nisula suggested that Finland had received information from Ukraine about drones potentially straying into the country.Political Fallout in LatviaThe situation has led to a full-blown government crisis in Latvia. Prime Minister Evika Silina resigned on Thursday after a coalition partner pulled support. The move followed the ousting of the defence minister after a drone crashed at a fuel storage facility.Escalating Drone WarfareThe incident in Finnish airspace unfolded as Ukraine maintained its drone attacks on Russian oil and energy infrastructure, and Kyiv continued counting the costs of a huge strike that killed two dozen people.Russia's Ministry of Defence said on Friday that its air defence systems shot down 355 Ukrainian drones targeting Moscow overnight, as well as the border regions of Belgorod, Bryansk and Kursk.Among the targets was an oil refinery in the central city of Ryazan, about 200km (125 miles) southeast of Moscow, according to the commander of Ukraine's drone forces. The attack killed three people and wounded 12, regional Governor Pavel Malkov wrote on Telegram. Two high-rise apartment buildings were struck, he said, while debris fell on the grounds of an industrial enterprise.Civilian Casualties MountMeanwhile in Kyiv, the death toll from a Russian barrage on an apartment building on Thursday rose to at least 24 people, including three children, Ukrainian President Volodymyr Zelenskyy said. Forty-eight people were wounded.Diplomatic Developments Amid ConflictAmid the ongoing violence, Russia and Ukraine have moved ahead with a prisoner swap that saw 205 POWs repatriated on each side on Friday. It was the first step of a swap that is planned to ultimately see 1,000 people on each side return home.The two sides also conducted an exchange of those killed in the fighting, with Russia handing 526 bodies to Ukraine and receiving 41 in return. Both Kyiv and Moscow thanked the United Arab Emirates for mediating the swap.Zelenskyy wrote on social media that most of the prisoners returned to Ukraine had been in Russian captivity since 2022. "We will continue to fight for every single person who remains in captivity," he said.

The Return of a Championship PartnershipEmma Raducanu has rehired Andrew Richardson, the coach who helped guide her to her sensational US Open triumph in 2021, on a formal basis as she prepares to return to competition next week in Strasbourg in the buildup to the French Open.Richardson will accompany Raducanu at the WTA 500 event as she competes for the first time in two months after being sidelined by post-viral illness. During the early days of her return to the courts, Raducanu travelled to Richardson's base at the Ferrer Academy in La Nucía, Spain, near Benidorm, for a clay-court training block that doubled as a trial period for a potential formal partnership.In a statement, Raducanu said: "Grateful to have reconnected with someone who has known me for over a decade now and looking forward to building together one iteration at a time."A Historic Collaboration RenewedRaducanu and Richardson have a long history, with the pair first working together during her youth. Raducanu had been working with Nigel Sears at the beginning of her breakthrough summer in 2021, before joining forces with Richardson in July. Their partnership yielded one of the biggest surprises in tennis history as Raducanu won the US Open that year as a qualifier without dropping a set.Less than two weeks later, Raducanu controversially chose not to extend her coaching partnership with Richardson, which had begun on a short-term interim basis. This decision generated significant discussion, with many suggesting it would have been beneficial for Raducanu to continue with a familiar face who had worked so successfully with her at a time when so much of her life had instantly changed.A Pattern of Coaching ChangesThe decision not to continue with Richardson marked one of the first of many coaching changes for Raducanu, who has since struggled to find the right person to guide her on a permanent basis. Raducanu last worked with Francisco Roig for six months before the pair parted ways in February. Roig now coaches the six-time grand slam champion Iga Swiatek.Raducanu travelled to her most recent tournament, Indian Wells in March, with the LTA coach Alexis Canter. Considering how much scrutiny her life and career still generate, Raducanu has constantly sought out familiar faces she knew before her breakthrough in 2021.Quest for StabilityHer longest coaching stint was with Nick Cavaday, another of her childhood coaches, with whom she worked for more than a year until he stepped away because of personal health matters. Her return to the top 30 last year was a result of her partnership with Mark Petchey, another person with whom she worked before her breakthrough, whose tennis broadcast work meant they could work together only on an ad-hoc, informal basis.Now she has returned to the coach who helped her to her greatest achievement, suggesting a renewed focus on stability and proven results as she continues her career in the highly competitive world of professional tennis.