Tag: Finance
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I hired a new investment analyst! He’s hardworking, detail-oriented and works around the clock. For free. His name is GPT-4. This week, GPT-4 and I have been investing together. We passed on a bunch of companies but we did find one winner! Let’s look at two companies we reviewed this…
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+ AI, Artificial Intelligence, ChatGPT, Entrepreneur, Finance, GPT-4, Investing, Money, Startups, Tech, Venture Capital+
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Two years ago, I started funneling money into the riskiest asset class on the planet: startups. This morning, I sat down to take a hard look at my performance. Miraculously, I’ve actually made money! Total Performance My portfolio is up 3.4% since April 2021. The NASDAQ is down about 7%…
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+ Angel Investing, Entrepreneur, Finance, Investing, Money, Silicon Valley, Startups, Tech, Venture Capital+
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I was working late into the night, researching a very hot deal. It was 2021 and I was amped — until I found out I couldn’t get an allocation! I was really disappointed. The founder was first rate and the co-investors were Silicon Valley legends. Surely I was missing my…
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Startupland is a mess. Valuations are depressed. Companies are going bust. So today, I went back to basics: Warren Buffett. No one in history has matched his investment prowess. Buffett’s net worth stands at $112 billion, making him the eighth richest person alive. Since taking control of Berkshire Hathaway in…
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With valuations down, this year’s investments should be some of the best ever. But many VC’s are riding AI startups right off a cliff. Total venture capital investment is down almost 90% from the peak, according to Carta. Late stage funding has practically ceased to exist. Even seed is down…
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Things are going from bad to worse for hedge fund billionaire Carl Icahn. Icahn Enterprises stock is down over 20% today after prominent fund manager Bill Ackman predicted disaster for the firm. In a lengthy tweet yesterday, Ackman outlines a nightmare scenario for the stock: Icahn owns 85% of the…
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+ Business+ Ackman, Finance, Hedge funds, Icahn, Investing, Money, Stock Market, Stocks, Wall street, Wallstreetbets+
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“You’re going to see a lot of emerging managers shut down in the next few years,” said a VC I met with this morning. She couldn’t stay long — she was heading to California to fundraise. The down market is hitting emerging managers hard. These VC’s are on their first…
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Corporate raider Carl Icahn has lost $15 billion since the release of an exposé by Hindenburg Research. That’s over $900 million a day. The Hindenburg Report Hindenburg claims that Icahn’s holding company, Icahn Enterprises, is structured like a Ponzi scheme. Repeated share sales support an unusually high 28% dividend. In…
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Every now and then, I meet a hardworking founder with some great tech. But I know I’ll never invest in their business. Despite founders’ best intentions, some companies develop serious problems. Those problems can make a startup untouchable for investors. We put those companies in the “too hard bucket.”* And…
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+ Entrepreneur, Finance, Founder, Investing, Money, Silicon Valley, Startups, Tech, VC, Venture Capital+
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Nearly a quarter of all New York City office space is vacant. Now, the pain is spreading to the city’s budget. From a report out this morning in Bloomberg: The atrium at 60 Wall Street was once a thoroughfare for thousands of Deutsche Bank AG employees. These days it’s eerily…
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Tremendous 