Tag: Finance
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“At the time…we were trying to raise $150,000 at a $1.5 million post money valuation. So for $150,000 you could have owned 10% of Airbnb. And the majority of them didn’t even reply to the email.” That’s Brian Chesky, co-founder and CEO of Airbnb. In the history of Silicon Valley,…
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For angel investors, syndicates are one of the best ways to get access to deals. But how do you know which syndicates are worth joining? Syndicate Basics Syndicates are groups of angels who invest together. For new angels, they can provide instant access to deals. A lead, usually a more…
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What if you could have your own business, a cushy salary, and a $1 million in capital? Sounds amazing, right? So amazing that over a hundred founders started companies through the Fractal venture studio. Based in New York, Fractal incubated over 130 startups. But the deal wasn’t as great as…
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+ Entrepreneur, Finance, Investing, Money, NYC, Small Business, Startups, Tech, Venture Capital, Venture Studio+
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For many people, college is the most memorable time of their lives. Is Adam Neumann about to re-create it for adults? From a new report in Fortune: Neumann emerged on stage yesterday in a suit, rather than a T-shirt, I’ll note, and told us that the noncompete and nonsolicit agreements…
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+ Entrepreneur, Finance, Investing, Money, Real estate, Startups, Stock Market, Stocks, Tech, Venture Capital+
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FBI agents raided the homes of prominent short sellers last year. Now, criminal charges may be imminent. From a new report in Bloomberg: Anxiety over the Justice Department’s investigation intensified several weeks ago when the head of its market integrity and major frauds unit predicted at a legal conference that…
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Yesterday, I had a great conversation with a founder kicking off his Series A. He had an awesome product with serious traction — but one thing was missing. He had no idea how to price the round! Who could blame him? Though this founder had raised money numerous times in…
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+ Angel Investing, Angel Investors, Entrepreneur, Finance, Investing, Money, Startups, Tech, VC, Venture Capital+
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The hedge fund industry manages $5 trillion dollars. That money is managed so poorly you could do better throwing darts at a board. From a Financial Times report out over the holiday weekend: Using backtested data for the HFRI 500, hedge funds continue to be a clear laggard on a…
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Benchmark Capital might be the greatest venture firm on the planet. I stole a trick from them — and you can use it too! This morning, I was chatting with a great young founder. We got past all the numbers and on to a real conversation. He opened up to…
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Sequoia Capital lost $115 million investing in FTX. Partner Alfred Lin says they’d do it again. From Bloomberg: “I looked at the work we did 15 different ways,” Lin said Thursday at the Bloomberg Technology Summit. “We probably would have made the investment again.” Sequoia’s business lies in trusting founders…
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+ Accounting, Crypto, Finance, FTX, Investing, Money, SBF, Silicon Valley, Startups, Venture Capital+
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“Did you own a lot of crypto?” my lunch companion asked? “Actually, I never put a dime into that.” “That’s impressive.” Since the market peak in 2021, crypto has been crushed. What was supposed to be the future looks increasingly like the past. The NASDAQ Crypto Index of major tokens…
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Tremendous 