Tag: Stocks
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“He was a nobody.” Peter Thiel didn’t stand out amongst the horde of bankers at Credit Suisse. But somehow, this unlikely man became a tech icon worth $8.6 billion. “The best entrepreneurs know this: every great business is built around a secret that’s hidden from the outside.” Peter Thiel, Zero…
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+ Finance, Investing, Money, Politics, Silicon Valley, Startups, Stocks, Tech, Thiel, Venture Capital+
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One of the most anticipated hedge fund launches of recent years has turned into a disaster. Two Citadel traders have lost approximately $300 million this year. From a new report in Bloomberg: Europe’s biggest hedge fund startup in 2021, founded by two former Citadel money managers Niall O’Keeffe and Tio…
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“There’s no line of code that says ‘slow down for speed bumps.’ So it’s doing this based entirely on video training.” Elon Musk A New Kind of AI On Friday, Elon Musk demoed FSD 12, Tesla’s latest self driving software. Watching the demo is at turns nervewracking and exhilarating. Tesla’s…
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“What’s your ratio of good investments to bad investments?” a friend asked me recently. It was a darn good question — so I dug into my secret spreadsheet to find out. Most startup investments don’t work out. But how many losses does it take to find a winner? Let’s dig…
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Billionaire investor Carl Icahn took a massive loss Friday as his company, Icahn Enterprises (IEP), slashed its dividend by half. From a new report in Forbes: Shares of Icahn Enterprises plunged 25% Friday morning after Carl Icahn’s firm cut its quarterly distribution in half, leading to a $1.7 billion drop…
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We are in the worst venture market in ten years, according to a new report from AngelList and Brex. Despite a strong NASDAQ, it’s harder to raise a round, get a markup, or reach an exit than at any point since 2013. From the report: Dating back to 2013, 2Q23…
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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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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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Late stage startups are running out of options. For every $3 they want to raise, just $1 is available. From a new Pitchbook report: The capital landscape during H1 has not seen significant improvement for late-stage and venture growth companies. The capital supply and demand dynamic is still skewed, with…
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Tremendous 