Sat.Oct 07, 2023

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MiB: Michael Lewis on SBF & FTX

The Big Picture

  This week, we speak with Michael Lewis, whose latest book is “ Going Infinite: The Rise and Fall of a New Tycoon , ” on FTX founder Sam Bankman-Fried. He takes readers into the mind of Bankman-Fried, whose rise and fall offers an education in high-frequency trading, cryptocurrencies, philanthropy, bankruptcy, and the justice system. We discuss his writing process, and what made this book so different than his prior ones: A focus on personalities instead of some broad social upheaval.

Education 133
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Class Companion Raises $4M in Seed Funding

FinSMEs

Class Companion, a San Francisco, CA-based AI platform that empowers teachers to give instant, personalized feedback to students, publicly launched with $4m in seed funding. The round was led by Index Ventures, with participation from the OpenAI Startup Fund, and notable angels including renowned operator and advisor Gokul Rajaram, Managing Director of Otherwise Fund Terrence Rohan, and AI luminary Andrej […] The post Class Companion Raises $4M in Seed Funding appeared first on FinSMEs.

Startups 115
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ExxonMobil’s talks with Pioneer herald ‘new era’ of shale consolidation

Financial Times M&A

Oil major’s possible takeover of $56bn independent driller ‘puts large companies into play’

Companies 111
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Viewpoint Ventures Closes Inaugural VC Fund, at Nearly $150M

FinSMEs

Viewpoint Ventures, a NYC-based venture capital firm focused on the future of insurance, launched with the close of its Viewpoint Fund I, at nearly $150M. Viewpoint Fund I has a thematic strategy, investing in companies that solve very specific challenges in insurance and related industries. Its portfolio is concentrated, backing a small number of companies […] The post Viewpoint Ventures Closes Inaugural VC Fund, at Nearly $150M appeared first on FinSMEs.

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Big banks sit out LBO rebound after being stung by earlier buyouts

Financial Times M&A

Concern about loans getting stuck on their balance sheets has left some lenders wary of riskier deals

Buyout 108
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The Preferred Shares Podcast Episode 2: The Little Known Story of Simplicity Pattern

Fortune Financial

Please enjoy Episode 2 of The Preferred Shares Podcast which discusses the story of Simplicity Pattern, a simple sewing company started just before the Great Depression that rose to great heights during the Nifty Fifty period: From Great Depression to Nifty Fifty: The Little Known Story Of Simplicity Pattern Disclaimer All opinions expressed by Preferred Shares hosts and guests are solely their own opinions and do not reflect the opinions of their respective employers.

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10 Weekend Reads

The Big Picture

The weekend is here! Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • In Ukraine, explosive DIY drones give an intimate view of killing : First-person view, or FPV, drones — fast, highly-maneuverable, and relatively cheap craft flown by an operator wearing a headset receiving the drone’s video feed in real time — are now the predominant attack drone in Ukraine.

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Booking chief hits out at Brussels for blocking €1.6bn Etraveli deal

Financial Times M&A

Glenn Fogel says preventing purchase of smaller Swedish flights-only group makes ‘European tech ecosystem less competitive’

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The Preferred Shares Podcast Episode 2: The Little Known Story of Simplicity Pattern

Fortune Financial

Please enjoy Episode 2 of The Preferred Shares Podcast which discusses the story of Simplicity Pattern, a simple sewing company started just before the Great Depression that rose to great heights during the Nifty Fifty period: From Great Depression to Nifty Fifty: The Little Known Story Of Simplicity Pattern Disclaimer All opinions expressed by Preferred Shares hosts and guests are solely their own opinions and do not reflect the opinions of their respective employers.