Tag: Money
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“Can you tell me your current revenue and burn?” “We’re at $4,000 MRR and we’re profitable.” “Uhh, excuse me?” The founder probably saw my jaw drop on Zoom. I’d never seen such an early stage company make a profit. A Clever Move How did they do it? By building their…
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Elon Musk’s new Optimus robot can fold t-shirts. How long until it’s making them? Musk released a video of Tesla’s new Optimus robot folding a t-shirt yesterday on X: The short video shows the robot slowly but surely turning a t-shirt into a neat little package. Robots usually struggle with…
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Ken Griffin’s Citadel is one of the biggest hedge funds on earth. But last year, its performance lagged well behind the S&P 500. From CNBC: Billionaire investor Ken Griffin’s various hedge fund strategies at Citadel all posted double-digit returns for 2023, but they failed to beat the S&P 500. Citadel’s multistrategy…
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Scott Shleifer, Tiger Global Management’s head of private investments, is out. Founder Chase Coleman will now oversee the struggling unit, according to Bloomberg: Months before Scott Shleifer stepped down as head of Tiger Global Management’s private investments, Chase Coleman had already begun to reclaim control of the firm’s $34 billion…
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“A whole new world is opening up to you.” That was what my grandmother told me when I learned how to read. This year, I explored worlds including Weimar Germany, Sand Hill Road, and small town Japan. Here are my favorite books of the year, along with summaries of the…
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Many average people lost their life savings in bad crypto investments. But the real victims of the crypto craze lost much more. Journalist Zeke Faux travelled 9,000 miles to meet some of them. He tells their stories in his excellent new book Number Go Up. A Mysterious Text Message The…
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+ Bitcoin, Blockchain, Cambodia, Crypto, Cryptocurrency, Finance, Human Rights, Human Trafficking, Investing, Money, Tech, Tether+
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“I have never cheated any honest men, only rascals. They wanted something for nothing. I gave them nothing for something.” Joseph “The Kid” Weil, early 20th century con artist The lure of easy riches is hard to resist. In 2021, I had the opportunity to invest in countless crypto projects.…
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+ Bitcoin, Blockchain, BT, Crypto, Cryptocurrency, Finance, Investing, Money, Startups, Tech, Tether, Venture Capital+
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“It’s like the narrative would be way sexier if it was like, ‘Holy s—, this is the world’s biggest Ponzi scheme.’” Sam Bankman-Fried As markets ripped in late 2021, the total value of all cryptocurrency approached $3 trillion. Just 12 years prior, crypto didn’t exist. The boom created a wave…
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+ Bitcoin, Blockchain, Crypto, Cryptocurrency, Finance, FTX, Investing, Money, SBF, Startups, Tech, Venture Capital+
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Hedge funds are fighting hard to keep short sales secret. An industry association has sued the SEC to stop new disclosure rules, according to a new report in Barron’s. Hedge funds sued the Securities and Exchange Commission, alleging that the agency broke the law when it finalized a pair of…
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The multibillion dollar Haidar Jupiter fund has lost 50% of its assets in 2023. The macro hedge fund made bad bets on bonds and other securities, magnified with borrowed money. From a new report in Institutional Investor: Haidar Jupiter Fund all but assured it will finish the year deep in…
Tremendous 