2023

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The Twenty Year Itch: My Last VC Investment Out of Brooklyn Bridge Ventures

This is going to be BIG.

Sometime in the next few weeks, I’ll complete my next investment. It will be the 105th deal out of Brooklyn Bridge Ventures, the firm I started back in September 2012, and it will be the last deal I’ll be making out of my third fund. It will also be my last venture capital deal. I think it’s important in this era of building audiences and living in public to acknowledge that no one actually needs to explain the reasons why they’re making career moves or leaving a company.

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Maloney Op-Ed in Financial Times: “A power grab against private equity threatens the US economy”

American Investment Council

Today, the Financial Times published the following op-ed from AIC President & CEO Drew Maloney discussing how FTC Chair Lina Khan’s aggressive and misguided regulatory agenda threatens the growth and stability of the US economy by unfairly targeting productive private equity investments. Maloney also highlighted private equity’s essential role in directly employing 12 million Americans, building better businesses, and strengthening the retirements of millions of retirees.

Education 144
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Stop Betting Against America

A Wealth of Common Sense

There’s this guy on Twitter, Paul Fairie, who does these threads using old newspaper clippings to show how the stuff we worry about today is the same stuff people have been worrying about for decades. There was one called a brief history of we are raising a generation of wimps. Every older generation thinks this (and will always think this…it’s called progress).

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Slowing U.S. Economy, State by State

The Big Picture

We spend way too much time trying to predict the future (especially this time of year). Rather than engage in futility, let’s look at the coincident indexes in all 50 states over the past 3 months, via the Federal Reserve Bank of Philadelphia (October 2023). Note: I have been occasionally eyeballing this map since 2008 , and it does a good job of showing the overall trend of the economy (on an obvious lag).

Banks 141
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Private equity resorts to buying back companies after IPO flops

Financial Times M&A

EQT, Cinven and General Atlantic among those involved in take-private deals for businesses floated two years ago

Companies 140
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12 Reasons You Need a Business Plan

Entrepreneur - VC

In the new book "Write Your Own Business Plan," business expert Eric Butow breaks down how a solid business plan can save your startup during those tough early days.

Startups 139

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24 Things I Believe About Investing

A Wealth of Common Sense

Here are some things I believe about investing. 1. I believe simple beats complex. The problem is simple is much harder to implement because complex will always sound more intelligent and appealing. 2. I believe the timing of buy or sell decisions matters less than your holding period. Picking tops and bottoms is for the lucky and the liars. Patiently holding onto your investments is more important for most investors than.

Investing 137
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Private equity firms pivot away from traditional buyouts

Financial Times M&A

Blackstone and Apollo executives talk up scope to expand into private credit and infrastructure investing

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Dollars Are For Spending & Investing, Not Saving

The Big Picture

“I need the US Dollar to be a store of value between the time I make it until I spend it, invest it, pay my taxes with it, or give it away. It does that splendidly.” 1 Today, we’re going to look at a perennial (un)favorite #chartfail. To be more precise, I want to discuss the type of chart that reflects a fundamental misunderstanding of the nature of money, currency, spending, investing, and taxes.

Investing 135
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Is It Too Late to Buy Polestar Automotive Stock?

The Motley Fool

Polestar Automotive (NASDAQ: PSNY) hasn't impressed investors since its public debut last June. The electric vehicle maker went public by merging with a special purpose acquisition company (SPAC), and its stock opened at $12.98 on the first day. But today Polestar's stock trades at about $4. Like many other SPAC-backed EV makers, Polestar drove away the bulls by overpromising and underdelivering.

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Cardano Blockchain to Blow The Crypto Market

FinSMEs

In the last few years, the Cardano blockchain gained solid positions in the blockchain market. The key factors of Cardano’s success are the special scientific development process and the wide list of companies working on Cardano blockchain. Cardano has gained popularity through such companies as crypto exchanges, wallets, trading platforms, and node providers, which give […] The post Cardano Blockchain to Blow The Crypto Market appeared first on FinSMEs.

Companies 145
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The Broker Who Saved America

The Reformed Broker

You know Hancock and Washington and Franklin and Jefferson. You might even know Greene and Knox, Henry and Hale. And we know you know Hamilton, pretty tough to escape that one these days! But it is very unlikely that you know the name Haym Solomon. This is unfortunate, because he’s the guy who arranged financing to keep the Continental Army alive during its darkest days, finding the money to keep the revolution goin.

Finance 144
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Less Cars, More Money: My Visit to the City of the Future

Mr. Money Mustache

In my role as Mr. Money Mustache, I do my best to be your one-stop-shop for Lifestyle Guru ideas. So over the years we’ve covered not just the Money side of life, but also the even more important stuff like health and fitness and the psychology of better, happier living. But there’s one single area of life where all of these factors come together with an almost Nuclear Fusion level of synergy and effectiveness.

Legal 145
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Energy Exemplar to be Acquired by Blackstone and Vista Equity Partners

Blackstone News

Investment will help accelerate growth and drive platform innovation to support grid reliability and the energy transition SALT LAKE CITY, Utah, October 31, 2023 – Energy Exemplar , a leading global provider of energy market simulation software, today announced it has agreed to be acquired by private equity funds affiliated with Blackstone (”Blackstone”) and Vista Equity Partners (“Vista”).

Legal 140
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20 topics for your financial blog

Investment Writing

If you feel frustrated by coming up with topics for your financial blog, the journalist’s five Ws and one H can help. Below I share a list of 20 topics inspired by the five Ws and one H. As you brainstorm topics, think about how you can solve problems for members of your target audience. This will make your posts relevant to them. For help with this, read “ WHAT PROBLEM does this blog post solve for them?

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Beyoncé's Request to Fans Sparks a Surge in Sales for Small Businesses, Turning Side Hustles Into Major Money-Makers

Entrepreneur - VC

Beyoncé celebrated her birthday by urging fans to wear silver to her concerts during Virgo season. The request sparked a surge in sales for many small business owners. Read more about the Renaissance World Tour's economic impact, here.

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Generative AI, SEO, and what leaders should know: Google search in the future

Insight Partners

SEO and content are two of the most important marketing channels used by Insight’s portfolio and forward-looking founders are starting to ask us questions about the impact of generative AI on search results. Our team has been researching the topic, and we believe the impacts will be significant. GenAI will have a transformative effect on users’ search experience, and there will be myriad second-order impacts of that change in the scaleup ecosystem.

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Rich Author, Poor Readers

A Wealth of Common Sense

Robert Kiyosaki wrote one of the most-read personal finance books of all time — Rich Dad, Poor Dad. I read it early on in my career. It never really did it for me but I can see why people latch onto the allegory he shares about learning the right financial habits. It’s a good thing to get people interested in personal finance because no one teaches you this stuff.

Finance 143
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How to Optimize Your LinkedIn Headline

Indigo Marketing Agency

Your LinkedIn headline is a 120-character “hook” that appears right under your name on your profile and in search results. Similar to a newspaper or magazine headline, yours should be catchy, interesting, and easy to read. Your headline is your opportunity to capture interest and invite users to learn more about you. You may not realize that headlines show up along with your name during an active search, meaning that as I type into the LinkedIn search bar, profiles and their corresponding headli

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Revisiting Greedflation

The Big Picture

Over at Alphaville , Robin Wigglesworth looks at whether ‘Greedflation’ (aka price-gouging) meaningfully contributed to Eurozone inflation. Specifically, Bank of England research suggests that while they “find no evidence of a rise in overall profits in the UK” they did notice that “companies in the oil, gas and mining sectors have bucked the trend” with “some companies… much more profitable than others.”1 I was pretty skeptical about Greedflation initia

Banks 143
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ESG ratings: whose interests do they serve?

Financial Times: Moral Money

Regulators and politicians are focusing on the accuracy, transparency and potential for conflicts of interest with sustainability scores

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Alias Technologies Raises $3M In Seed Funding

FinSMEs

Alias Technology, a San Francisco, CA-based applied AI company creating social media applications leveraging generative media and multi-modal AI systems, raised $3M in Seed funding. The round was led by Khosla Ventures, and joined by Next Coast Ventures, Maveron, Peter Thiel, Joe Lonsdale, and WS Investments, among others. The company intends to use the funds […] The post Alias Technologies Raises $3M In Seed Funding appeared first on FinSMEs.

Funds 135
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120,000

The Reformed Broker

Just wanted to take a moment to recognize the incredible work my media and research teams have been doing to propel The Compound channel past 120,000 subscribers this month. And that 120k is just a fragment of the audience because almost everything we do on video is also on the audio podcast channels too. For those who are new to what we’re doing at the Compound YouTube channel each week, below is the schedule of w.

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How to Build a Kitchen (and Why)

Mr. Money Mustache

Well, looks like it has happened again. Since the last time we spoke, I got sucked into building my 17th(?) kitchen, and I have finally emerged from its messy yet addictive grasp as I stand here at the new breakfast bar, typing this report to you. Why am I so hooked on this strange pastime? And more importantly, why am I so excited to tell you about it, when most MMM readers probably don’t have house building at the top of their list of life priorities?

Resale 136
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Digital Realty and Blackstone Announce $7 Billion Hyperscale Data Center Development Joint Venture

Blackstone News

JV will deliver approximately 500 megawatts of IT capacity across three Tier 1 metros in Europe and North America Austin, TX and New York – December 7, 2023 – Digital Realty ( NYSE: DLR ), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, and Blackstone Inc. (NYSE: BX) announced today that Blackstone-affiliated funds led by Infrastructure, Real Estate and Tactical Opportunities have agreed to establish a joint venture with Digital Re

Legal 132
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Private equity M&A set to whittle sector down to 100 ‘next-generation’ firms

Financial Times M&A

Split between managers that can raise money and those that cannot will lead to consolidation, predicts Partners Group CEO

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12 Leadership Skills That Will Kill Your Company

Entrepreneur - VC

Businesses are fragile. In fact, only 25% of new businesses survive 15 years. Why do small businesses fail? There are many reasons that a company might fail, including a lack.

Companies 139
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This is Why You Stay the Course

A Wealth of Common Sense

Last year was one of the worst years ever for financial markets. Call it recency or loss aversion or some other Daniel Kahneman bias but for some reason, our brains are hard-wired to assume big losses will be followed by additional losses (just like we assume big gains will be followed by additional gains).1 The thing about big losses in the stock market is sometimes they are followed by big losses…but sometimes t.

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Americans Have Never Been Wealthier & No One is Happy

A Wealth of Common Sense

Every three years the Federal Reserve puts out a report that summarizes the changes to family finances in the United States. I know averages, aggregates, medians and such never tell the entire story but directionally this stuff can be helpful in terms of understanding where things stand. Let’s dig in. Real median net worth for U.S. households was up a stunning 37% from 2019-2022.

Finance 142
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Nobody Knows Anything, FedWatch Edition

The Big Picture

Imagine you had a device that allowed you to peer into the future. You enter a subject matter into this machine, requesting a specific quantitative measure, and at a specific future time. In other words, Price and Date. The machine whirrs and spins, lights flash, bells ring, and out pops a chart showing a range of answers and their probabilities. You might imagine a machine like that would be worth a lot.

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Want More Jobs? Raise the Minimum Wage

The Big Picture

I have been writing about issues with the minimum wage for (it seems like) decades. During that time, consuming lots of academic research, I reached a few logically supported conclusions. The least contentious of which is that modest increases in minimum wages increase economic activity and create jobs. But there are other surprises around the minimum wage.

Capital 145
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Retail Lobby: “We Lied About Organized Theft”

The Big Picture

No, “ nearly half ” of $94.5 billion in retail inventory losses in 2021 was not “attributable to organized retail crime.” That line is just another in a long series of falsehoods put forth by the professional b *s at the National Retail Federation. Here’s Reuters : “The main lobbying group for U.S. retailers retracted its claim that “organized retail crime” accounted for nearly half of all inventory losses in 2021 after finding that incorrect data was used for its analysis.

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The Problem With Being House Rich

A Wealth of Common Sense

According to the National Association of Realtors, the median price of a house in the United States is worth $190,000 more than it was a decade ago. If you’ve owned a house for more than 3 years or so, you’re likely sitting on some nice gains. Those gains were not evenly distributed but across the various income levels, homeowners have made a good chunk of change: The pandemic-related housing gains are unlike.

Finance 144
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4 Charts That Explain the Stock Market

A Wealth of Common Sense

I saw a chart this week from Bank of America that more or less sums up my entire investment philosophy: In the long run, stock prices go up. I view the stock market as a way to invest in innovation, profits, progress and people waking up in the morning looking to better their current situation. While I love the fact that this chart illustrates my long-term philosophy it’s a bit misleading.