Tag: Finance
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“I love this team and your product is amazing! I just couldn’t get my partners there. We’ll be cheering from the sidelines!” How many times have you heard that? Well, you won’t hear it from me. “They Never Give a Reason” I recently spoke with Mike*, the founder of a…
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Travis Kalanick’s first company got him sued for $250 billion. Time to quit the startup game, right? Wrong. Third Time’s a Charm Travis is known as the brilliant founder of Uber and CloudKitchens. But his first company, a file sharing service called Scour, was a disaster. Angry about music being…
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“Can you tell me your current revenue and burn?” “We’re at $4,000 MRR and we’re profitable.” “Uhh, excuse me?” The founder probably saw my jaw drop on Zoom. I’d never seen such an early stage company make a profit. A Clever Move How did they do it? By building their…
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Elon Musk’s new Optimus robot can fold t-shirts. How long until it’s making them? Musk released a video of Tesla’s new Optimus robot folding a t-shirt yesterday on X: The short video shows the robot slowly but surely turning a t-shirt into a neat little package. Robots usually struggle with…
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Ken Griffin’s Citadel is one of the biggest hedge funds on earth. But last year, its performance lagged well behind the S&P 500. From CNBC: Billionaire investor Ken Griffin’s various hedge fund strategies at Citadel all posted double-digit returns for 2023, but they failed to beat the S&P 500. Citadel’s multistrategy…
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A Stanford team has developed a robot that can perform almost any manual task, from cooking to straightening up the house. All it needs is a human to show it how. The Greatest Demo I’ve Ever Seen The demo, released yesterday on Twitter, is one of the most incredible things…
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+ AI, Artificial Intelligence, Finance, Investing, Robotics, Robots, Stanford, Startups, Tech, Venture Capital+
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Scott Shleifer, Tiger Global Management’s head of private investments, is out. Founder Chase Coleman will now oversee the struggling unit, according to Bloomberg: Months before Scott Shleifer stepped down as head of Tiger Global Management’s private investments, Chase Coleman had already begun to reclaim control of the firm’s $34 billion…
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“A whole new world is opening up to you.” That was what my grandmother told me when I learned how to read. This year, I explored worlds including Weimar Germany, Sand Hill Road, and small town Japan. Here are my favorite books of the year, along with summaries of the…
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Many average people lost their life savings in bad crypto investments. But the real victims of the crypto craze lost much more. Journalist Zeke Faux travelled 9,000 miles to meet some of them. He tells their stories in his excellent new book Number Go Up. A Mysterious Text Message The…
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+ Bitcoin, Blockchain, Cambodia, Crypto, Cryptocurrency, Finance, Human Rights, Human Trafficking, Investing, Money, Tech, Tether+
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“I have never cheated any honest men, only rascals. They wanted something for nothing. I gave them nothing for something.” Joseph “The Kid” Weil, early 20th century con artist The lure of easy riches is hard to resist. In 2021, I had the opportunity to invest in countless crypto projects.…
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+ Bitcoin, Blockchain, BT, Crypto, Cryptocurrency, Finance, Investing, Money, Startups, Tech, Tether, Venture Capital+
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Tremendous 