Tag: Finance
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WeWork filed for bankruptcy on Monday. Allbirds is a penny stock. Companies like these are why I invest in pure software — only. The Penny Stock Parade WeWork peaked at a valuation of $47 billion. It was once the most valuable startup in America. Now, it’s a penny stock. The…
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+ Entrepreneur, Finance, Investing, Money, Silicon Valley, Startups, Stock Market, Stocks, Tech, Venture Capital+
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Uber made its early investors billions. But some had a chance to invest early — and missed an incredible opportunity. The book Super Pumped details how some investors won the Uber deal, and how others missed out. This fascinating tale of one of the decade’s best startups taught me a…
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+ Entrepreneur, Finance, Investing, Money, Silicon Valley, Startups, Stock Market, Stocks, Tech, Uber, Venture Capital+
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WeWork filed for bankruptcy last night as the weak office market led to huge losses. From Bloomberg: WeWork Inc. filed for bankruptcy, capping a tumultuous period that saw the once high-flying startup navigate a failed initial public offering, Covid-19 lockdowns, a blank-check merger and slow return-to-office trends. The company —…
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+ CRE, Finance, Investing, Money, NYC, Real estate, Startups, Stock Market, Stocks, Tech, Venture Capital+
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“Bill Gurley needed to get in on this deal. Over his decade-plus of venture investing, Gurley had watched enough startups succeed and fail to know that this one — Uber, ‘everyone’s private driver’ — was special.” Super Pumped Winning the Deal In 2010, Bill Gurley was already a one of…
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+ Entrepreneur, Finance, Investing, Money, Silicon Valley, Startups, Stock Market, Stocks, Tech, Uber, Venture Capital+
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FTX founder Sam Bankman-Fried was convicted on all counts in federal court yesterday. His own testimony may have helped seal his fate. ‘I Cannot Recall’ From The New York Times: Mr. Bankman-Fried’s decision to take the stand allowed him to argue he had no intent to steal money and defraud…
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+ Bitcoin, Blockchain, BTC, Crypto, Cryptocurrency, Finance, FTX, Investing, Law, Money, Sam Bankman-Fried, SBF, Startups, Tech, Venture Capital+
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A Goldman Sachs banker is headed to federal prison after being found guilty of insider trading. Brijesh Goel was convicted in federal court in Manhattan yesterday and sentenced to three years behind bars. The Squash Court Conspiracy The scheme played out at the tony New York Health and Racquet Club…
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Travis Kalanick’s first company got him sued for $250 billion. Most people would’ve given up after that. But Kalanick didn’t. Super Pumped by Mike Isaac recounts Kalanick’s amazing story, all the way from his first company, Scour, to Uber. A Born Salesman Kalanick was a born salesman. Even as a…
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+ Entrepreneur, Finance, Investing, Money, Silicon Valley, Startups, Stock Market, Stocks, Tech, Uber, Venture Capital+
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“One of the things with outliers is the ideas often seem completely nuts up front.” Marc Andreessen thought this couchsurfing app was crazy. Someone’s going to get murdered! A Startup Not Even a Mother Could Love Brian Chesky and Joe Gebbia, the Airbnb co-founders, pitched just about every investor in…
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+ Airbnb, Entrepreneur, Finance, Investing, Money, Silicon Valley, Stanford, Startups, Stocks, Tech, Venture Capital+
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It should have been rock solid. But a rogue trader at Two Sigma, a $60 billion hedge fund, has caused $170 million in investor losses. Two Sigma is now under SEC investigation. From The Wall Street Journal: A researcher at Two Sigma Investments adjusted the hedge fund’s investing models without…
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“I called them every month for five months and finally got my audition with Larry and Sergey.” Ron Conway Ron Conway is one of the best known angels in Silicon Valley. But getting into Google still wasn’t easy. A Little Project at Stanford The story began at a party. Conway…
Tremendous 