Tag: Finance
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“When in doubt, take the shot.” Doug Leone, Managing Partner, Sequoia Capital The partners from prestigious venture firm Accel stood outside an office in Palo Alto, waiting to take theirs. These were the offices of a young startup called thefacebook. Most startups would’ve killed to meet them. But thefacebook’s young…
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+ Entrepreneur, Finance, Founders, Investing, Reading, Silicon Valley, Startups, Tech, Venture Capital+
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It was supposed to be a safe investment. In small offices across the country, brokers sold a security called L Bonds. The bonds were backed by life insurance policies and were supposed to provide a steady stream of income. Many buyers were elderly. Now they’re facing catastrophic losses of up…
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“Reasonable people…routinely fail in life’s important missions by not even attempting them.” The Power Law Every day for the last 15 months, I’ve sat down in front of my computer and tried to find the next great tech company. Being immersed in the daily details of e-mails and deal memos…
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+ Entrepreneur, Finance, History, Investing, Money, Reading, Silicon Valley, Startups, Tech, Venture Capital+
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Hedge funds are going all out to stop the SEC from implementing new disclosure rules. Now they have some help from an academic group whose finances are shrouded in secrecy. From a report that broke yesterday in Institutional Investor: …hedge funds aren’t fighting the SEC alone: A new organization, which…
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+ Business+ AMC, Finance, Gamestop, Hedge funds, Investing, Money, Politics, Reddit, Stock Market, Stocks, Wallstreetbets+
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Cryptocurrency lender Celsius Network has stopped all withdrawals, imperiling the savings of 100,000 users. From The Wall Street Journal: A few months ago, Mike Washburn’s cryptocurrency investment looked like a winner. Now he’s just hoping to get his money back. Mr. Washburn, a 35-year-old plumber in Otsego, Minn., had $100,000…
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+ Blockchain, CEL, Celsius, Crypto, Cryptocurrency, DeFi, Finance, Investing, Money, Reddit, Stablecoins, Tech, USDC, USDT, Wallstreetbets+
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Yet another massive crossover hedge fund is facing serious losses. New York-based D1 Capital Partners has lost approximately $7 billion this year. From a Bloomberg report that broke yesterday: …D1 has told investors who selected a 50-50 mix of public and private assets that the strategy lost 23% through May. The…
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Control what you can control. Be steady but decisive. And most importantly, build a sustainable business where you are in control of your destiny. Roelof Botha, Sequoia Capital Lately, I’ve been seeing something I’ve never seen before in the eyes of some of the founders I meet: desperation. Get the…
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+ Entrepreneur, Finance, Investing, Recession, Small Business, Startups, Stock Market, Stocks, Tech, Venture Capital+
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The SEC may soon propose an end to payment for order flow. This controversial practice lets market makers buy the right to execute trades, particularly those of retail investors. From a report that broke in The Wall Street Journal last night: Chairman Gary Gensler directed SEC staff last year to explore ways…
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Uber is great for rides and food. But what if you need an oil change? You’re stuck wading through Google listings and making phone calls, trying to find an affordable option that isn’t 20 miles away. Until now. Dealgrace is basically Uber for everything else. Request an oil change through…
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+ Auto Repair, Finance, Investing, Money, SF Bay Area, Small Business, Startups, Tech, Venture Capital+
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The pain continued in May for Tiger Global Management. The hedge fund giant is losing money at a rate of over $130 million a day and most of its capital is gone. From a Bloomberg report that broke this morning: Losses at Tiger Global Management reached 52% this year, prompting…
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Tremendous 