Tag: Finance
-
+
+
+
+
+
+
“On the screen before her was a figure she had never seen before, at least not on an ATM…$45 million, newly deposited in their joint account. It was Pellegrini’s bonus for the year….” Paolo Pellegrini’s wife Henrietta could hardly believe their good fortune. A few short years ago, Paolo had…
+
+
+
+
+
+
+ Billionaires, Finance, Hedge funds, Investing, Money, Reading, Real estate, Stock Market, Stocks, Wall street+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
“What do most investors get wrong?” I posed this question to a top investor this week. His answer: investing in companies with no revenue. Only about 10% of startups ever get a product out, he estimates. Of those, only around 10% will ever make a penny in revenue. This puts…
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
-
I can invest in the next Uber. You probably can’t. But thanks to a new bill in Congress, that may be about to change. From a new report in Barron’s: The Equal Opportunity for All Investors Act, a bipartisan bill passed by the U.S. House of Representatives in May, could…
+
+
+
+
+
+
+ Finance, Government, Investing, Money, Politics, Startups, Stock Market, Stocks, Tech, Venture Capital, Washington+
+
+
+
+
+
+
+
+
+
+
+
-
“America has the best hand ever dealt of any country on this planet today ever, okay. And Americans don’t fully appreciate what I’m about to say. We have peaceful, wonderful neighbors in Canada and Mexico. We’ve got the biggest military barriers ever built, called the Atlantic and the Pacific. We…
-
+
+
+
+
+
+
“Do we have huge problems? Yes. Is this the first time we’ve had huge problems? Hell no. Is there the prospect that we can solve those problems? Yes!” Larry Summers That’s Larry Summers at the All-In Summit last week. The former Treasury secretary gave a sweeping overview of America’s current…
-
+
+
+
+
+
+
Sand Hill Road is packed with big name VC’s managing billions. But if you really want to make money, look elsewhere. That’s the conclusion of a new report from Pitchbook. Pitchbook analyzed hundreds of firms’ performance. Smaller firms outside Silicon Valley dominated the list: Here’s Pitchbook’s top 10: 1) Union…
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
“This is war. In a war between missionaries and mercenaries, the missionaries always win.” Brian Chesky Today, Airbnb is one of the most successful tech companies in the world. Its listings span the globe. Its market cap is over $90 billion. But back in 2011, Airbnb almost died. The assailant:…
+
+
+
+
+
+
+ Airbnb, Entepreneur, Finance, Investing, Money, Silicon Valley, Startups, Stock Market, Stocks, Tech, Venture Capital+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
“YC valuations are ridiculous, waaaah!” Every Investor Ever Demo Day came again last week at Y Combinator, and prices were predictably high. But consider the work that goes into Demo Day… The Long Road to Demo Day Over 20,000 companies applied for YC’s Winter 2023 batch. 282 were selected, a…
+
+
+
+
+
+
+ Entrepreneur, Finance, Investing, Money, SF, Silicon Valley, Startups, Venture Capital, Y Combinator+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
“He was a nobody.” Peter Thiel didn’t stand out amongst the horde of bankers at Credit Suisse. But somehow, this unlikely man became a tech icon worth $8.6 billion. “The best entrepreneurs know this: every great business is built around a secret that’s hidden from the outside.” Peter Thiel, Zero…
+
+
+
+
+
+
+ Finance, Investing, Money, Politics, Silicon Valley, Startups, Stocks, Tech, Thiel, Venture Capital+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
One of the most anticipated hedge fund launches of recent years has turned into a disaster. Two Citadel traders have lost approximately $300 million this year. From a new report in Bloomberg: Europe’s biggest hedge fund startup in 2021, founded by two former Citadel money managers Niall O’Keeffe and Tio…
Tremendous 