Category: Business
-
+
+
+
+
+
+
“It’s like the narrative would be way sexier if it was like, ‘Holy s—, this is the world’s biggest Ponzi scheme.’” Sam Bankman-Fried As markets ripped in late 2021, the total value of all cryptocurrency approached $3 trillion. Just 12 years prior, crypto didn’t exist. The boom created a wave…
+
+
+
+
+
+
+ Bitcoin, Blockchain, Crypto, Cryptocurrency, Finance, FTX, Investing, Money, SBF, Startups, Tech, Venture Capital+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
Hedge funds are fighting hard to keep short sales secret. An industry association has sued the SEC to stop new disclosure rules, according to a new report in Barron’s. Hedge funds sued the Securities and Exchange Commission, alleging that the agency broke the law when it finalized a pair of…
-
+
+
+
+
+
+
The multibillion dollar Haidar Jupiter fund has lost 50% of its assets in 2023. The macro hedge fund made bad bets on bonds and other securities, magnified with borrowed money. From a new report in Institutional Investor: Haidar Jupiter Fund all but assured it will finish the year deep in…
-
+
+
+
+
+
+
“A maniacal sense of urgency is our operating principle.” Elon Musk Elon Musk is not your typical CEO. He doesn’t have a corner office. There’s no executive dining room. In fact, shortly after taking over Twitter, Elon slept on a couch in the company library. A typical meal: cereal out…
-
+
+
+
+
+
+
“As the situation got more desperate in the fall of 2008, Musk pleaded for money from friends and family to meet Tesla’s payroll.” Elon Musk, by Walter Isaacson In 2008, Tesla was in the depths of production hell. And with the world on the verge of another Great Depression, a…
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
-
Major VC firm OpenView Venture Partners has abruptly laid off most of its staff and stopped making new investments. The departure of two top leaders under murky circumstances appear to have led to the firm’s sudden downfall. The Collapse of OpenView OpenView’s leaders departed suddenly after a recent fundraise, leaving…
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
“We have reason to believe Elon is retarded.” That was Elon Musk’s elementary school principal. Young Elon stared out the window and ignored his teachers, leading them to assume he could not learn. Perhaps Elon found their lessons irrelevant. Or maybe he was tormented by what was going on at…
+
+
+
+
+
+
+ Biography, Elon, Elon Musk, Reading, Silicon Valley, SpaceX, Startups, Tech, Tesla, Venture Capital+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
Venture capital investment in the middle of the country tripled in the last decade, according to a new report from Heartland Forward. Investment reached $55 billion by the end of 2021. We’re used to thinking of startupland as reaching a few dozen miles from San Francisco to San Jose. Maybe…
+
+
+
+
+
+
+ Entrepreneur, Finance, Investing, MIdwest, Money, Rural, Silicon Valley, South, Startups, Tech, Venture Capital+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
Stocks just had an awesome November. But 2024 could see an even bigger rally, driven by declining inflation and the return of retail. The Year-End Melt-Up The end of the year often sees a stock rally. This fall has been no exception. The S&P 500 jumped 8.9% last month, the…
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
Recently, my grandma got a phone call. I had been in a car accident and needed money to get home. One small problem: it wasn’t me. She almost gave the scammer money, until my aunt stopped her. My aunt contacted me to see if everything was all right, which I…
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
Tremendous 