Tag: Stock Market
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A Goldman Sachs banker is headed to federal prison after being found guilty of insider trading. Brijesh Goel was convicted in federal court in Manhattan yesterday and sentenced to three years behind bars. The Squash Court Conspiracy The scheme played out at the tony New York Health and Racquet Club…
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Travis Kalanick’s first company got him sued for $250 billion. Most people would’ve given up after that. But Kalanick didn’t. Super Pumped by Mike Isaac recounts Kalanick’s amazing story, all the way from his first company, Scour, to Uber. A Born Salesman Kalanick was a born salesman. Even as a…
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+ Entrepreneur, Finance, Investing, Money, Silicon Valley, Startups, Stock Market, Stocks, Tech, Uber, Venture Capital+
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It should have been rock solid. But a rogue trader at Two Sigma, a $60 billion hedge fund, has caused $170 million in investor losses. Two Sigma is now under SEC investigation. From The Wall Street Journal: A researcher at Two Sigma Investments adjusted the hedge fund’s investing models without…
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It should’ve been the trade of a lifetime. Instead, Carl Icahn’s bet against shopping malls has cost him $742 million — and counting. The Big Short 2.0 Reporters called it the Big Short 2.0. In 2019, the hedge fund billionaire placed a massive bet that the growth of e-commerce would…
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Hedge fund Pelham Capital is in hot water. The London-based giant has lost almost 80% of its assets after years of poor returns. From a report out overnight in The Financial Times: Pelham Capital, once one of the biggest names in London’s equity hedge fund sector, has lost more than…
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“In early 2000 when the market melted down, we had seven months of runway left and no revenue.” Roelof Botha That’s Roelof Botha, Senior Steward of Sequoia Capital. In a revealing new interview with Bloomberg, Botha digs into the toughest times at Paypal and why great companies are built in…
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+ Finance, Investing, Money, Paypal, Silicon Valley, Startups, Stock Market, Stocks, Tech, Venture Capital+
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“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…
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+ Billionaires, Finance, Hedge funds, Investing, Money, Reading, Real estate, Stock Market, Stocks, Wall street+
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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…
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+ Finance, Government, Investing, Money, Politics, Startups, Stock Market, Stocks, Tech, Venture Capital, Washington+
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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…
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“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:…
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+ Airbnb, Entepreneur, Finance, Investing, Money, Silicon Valley, Startups, Stock Market, Stocks, Tech, Venture Capital+
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Tremendous 