This is going to be BIG.
MAY 4, 2022
For most founders, fundraising is a struggle. Only a small minority of people are born into the kinds of connections and life paths to provide them instant access to capital. The rest have to work super hard to create access for themselves, build trust and win investors over. That may come with the headwinds of bias working against you—conscious or otherwise.
A Wealth of Common Sense
DECEMBER 22, 2022
A reader asks: I know no one can predict the future…yada, yada, yada, but just between us – what’s going to happen with the stock market next year? I’m not sure I can handle another year like 2022. Life would be a lot easier if I knew the answer to this question. I guess the good news is there really isn’t much connective tissue from one year to the next in terms of one year’s price action impacting the next y.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
The Reformed Broker
DECEMBER 1, 2022
LET’S GIVE A ROUND OF APPLAUSE TO SAM BANKMAN-FRIED pic.twitter.com/HIVB3nTX2V — The_Real_Fly (@The_Real_Fly) November 30, 2022 Last night’s interview between the New York Times’ Andrew Ross Sorkin and Sam Bankman-Fried ended with the host thanking the accused criminal mastermind for coming, despite the protestations of his lawyers. The audience applauded as the screen went black.
The Big Picture
NOVEMBER 17, 2022
. There is a new 60/40 in town, and it is the contribution to inflation from consumer demand for goods and the pandemic-broken supply chain. That is according to a study by Julian di Giovanni, who publishes at the NY Fed’s blog Liberty Street Economics. Over the summer, he posed a fascinating question: How Much Did Supply Constraints Boost U.S. Inflation?
Financial Times M&A
NOVEMBER 7, 2022
Move comes months after Chelsea was sold to consortium led by American financier Todd Boehly for £2.
Mish Talk
DECEMBER 11, 2022
"CZ" Image likeness courtesy of Coin Telegraph article below. Binance's Proof of Reserves Statement When we say Proof of Reserves, we are specifically referring to those assets that we hold in custody for users. This means that we are showing evidence and proof that Binance has funds that cover all of our users assets 1:1, as well as some reserves. When a user deposits one Bitcoin, Binance's reserves increase by at least one Bitcoin to ensure client funds are fully backed.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
A VC: Musings of a VC in NYC
DECEMBER 5, 2022
The advances in AI over the last year are mind-boggling. I attended a dinner this past week with USV portfolio founders and one who works in education told us that ChatGPT has effectively ended the essay as a way for teachers to assess student progress. It will be easier for a student to prompt ChatGPT to write the essay than to write it themselves.
Investment Writing
DECEMBER 19, 2022
Have you resolved to exercise more? With that in mind, I’ve updated this list of free and low-cost online exercise classes that I originally created during the early months of the COVID-19 pandemic. I am grateful to my writer friends who suggested these resources to me. My current exercise favorites. My go-to website for low-impact cardio exercise is Team Body Project.
Fortune Financial
AUGUST 8, 2022
A recurring theme in my articles has been the importance of industry-level economics to the success of an investment; it is not uncommon for all participants in an industry with favorable dynamics to outperform, and, similarly, it is all too common for even the best operators in a poor industry to underperform. However, industry importance is not limited to economics; competitive structure is crucial as well.
Indigo Marketing Agency
DECEMBER 19, 2022
As a financial advisor, your job requires you to stay on top of leading industry information, the evolving ways to connect with clients, and new strategies for managing money. With so much going on, it can be challenging to keep track of everything. That’s why we’ve identified the top 41 financial influencers we believe will greatly impact the industry in 2023.
This is going to be BIG.
APRIL 13, 2022
Whenever I submit a term sheet, I always caveat it by saying the following: “This is the one time we’re completely misaligned. I’m incentivized to buy up as much of the company at as low a price as possible and you’re incentivized to sell as little of the company as possible by raising the price.”. Founders seem to get that. The price negotiation process is pretty straightforward, and once a deal has been agreed upon we move on.
A Wealth of Common Sense
DECEMBER 20, 2022
Think back to 2010. After you got done signing up for some new app called Instagram and finished 17 shows and movies about vampires, maybe you finished reading The Girl With the Dragon Tattoo trilogy. Once all that pop culture consumption was done, you would have needed some non-fiction to keep up with the intellectual crowd so you moved on to The Big Short by Michael Lewis.
The Reformed Broker
NOVEMBER 8, 2022
A lot of reporters and public intellectuals were writing their obituaries for Twitter this weekend. First, we saw the revolt of the Blue Checkmarks. Then, the first inklings of an advertiser exodus. The timing of all this – on the eve of a midterm election that will determine whether or not Americans actually care about democracy – could not have been more ominous.
The Big Picture
OCTOBER 26, 2022
Today’s edition of “ Nobody Knows Anything ” is about a once-dominant mobile phone maker. Exactly 15 years ago, Forbes’s new cover story lauded Olli-Pekka Kallasvuo, Nokia’s CEO. The headline trumpeted: “Nokia, one billion customers – can anyone catch the cell phone king?” It was posted online October 26, 2007 — 15 years ago today.
Financial Times M&A
APRIL 15, 2022
Defence comes a day after Tesla entrepreneur offered $54.
Mish Talk
DECEMBER 16, 2022
Early Benchmark Revisions of State Payroll Employment Please consider Early Benchmarks for All 50 States and the District of Columbia for the second quarter of 2022. Estimates by the Federal Reserve Bank of Philadelphia indicate that the employment changes from March through June 2022 were significantly different in 33 states and the District of Columbia compared with current state estimates from the Bureau of Labor Statistics’ (BLS) Current Employment Statistics (CES).
Wealthfront
NOVEMBER 10, 2022
Today, we’re excited to announce we’ve doubled the FDIC insurance you get on your deposits in a Wealthfront Cash Account. Your Cash Account deposits are now insured for up to $2 million through our partner banks, which is 8x the amount available in a traditional bank account. For joint accounts, Cash Account deposits are now […]. The post The Wealthfront Cash Account Now Offers $2M in FDIC Insurance appeared first on Wealthfront Blog.
A VC: Musings of a VC in NYC
MAY 22, 2022
Back in February of last year, I wrote a blog post with the same title and said this about the asset price bubble we were living in and investing in over the last few years: The big question is how does this end? I believe it ends when the Covid 19 pandemic is over and the global economy recovers. Those two things won’t necessarily happen at the same time.
Investment Writing
OCTOBER 4, 2022
Have you ever struggled to generate topics for your blog posts, white papers, and other publications? You are not alone. I have some solutions to help you brainstorm. 1. Write about your clients’ mistakes and problems. The most powerful brainstorming advice I can give you is to start “ Blogging the mistakes your clients make.” My post on this topic gives you a template for writing this kind of blog post. 2.
Advisor Rankings
OCTOBER 17, 2022
Complying with ADA guidelines enables your website to provide a better user experience for millions of Americans, opens up your business to more potential clients, and helps you to avoid possible legal action against your firm. What is the Americans with Disabilities Act (ADA)? The ADA, enacted in 1990 and amended in 2009, aims to protect people with disabilities by mandating businesses to support the former’s needs.
This is going to be BIG.
APRIL 11, 2022
A few years ago, I was at Techcrunch Disrupt and this guy taps me on the shoulder as I was chatting in a group. He simply extended a handshake and said: “Hi, sorry to interrupt. My name is Alan. My company is Bread and we make ad creative super easy. I’m sending you an e-mail with early access to the application because I see that you’re busy with this group, but I just wanted you to match the name and the face.
This is going to be BIG.
OCTOBER 18, 2022
So many times, I’ve heard founders ask me, “How do I find great engineers?” or “Do you know any awesome marketers?” That always struck me as the wrong way of looking at the problem—but I couldn’t quite figure out why. I realized that you’d never ask this question if you had built a consumer app and you were trying to do customer acquisition. No one ever asks, “Where do you find users for my dating app?
This is going to be BIG.
FEBRUARY 27, 2022
Someone asked me yesterday whether or not I would ever consider living anywhere else. For years, family was the main consideration for me concerning location. My family is based in New York. My mom had a long chronic illness before she died and my grandmother lived past 100. Being here for my family was priority one. Besides, there were a limited number of places where I could do my job in venture capital anyway—and while I might be a go to for a pitch from super early stage pre-seed and seed fo
A Wealth of Common Sense
DECEMBER 13, 2022
Unless we get a Christmas miracle, the U.S. stock market is going to finish the year with double-digit losses. If this downturn holds, it would be the 12th time in the past 95 years this has happened. So it’s relatively rare but not completely out of the range of possibilities. There’s nothing special about calendar year returns. It’s not like market cycles die on December 31st and are born again each ye.
A Wealth of Common Sense
DECEMBER 9, 2022
Nationwide price declines in the housing market are relatively rare. Since 1987, there have been just three times when the Case-Shiller National Home Price Index has been in a state of drawdown: The first was in the early-1990s when housing prices fell a little more than 2% nationally. Then you have the housing crash at the end of the 2000s when prices fell nearly 27%.
A Wealth of Common Sense
DECEMBER 6, 2022
Before becoming one of the most important movie studio executives of the 1970s, Robert Evans took a break from the glitz and glam of Hollywood to work for his brother’s apparel line, Evan-Picone. The company was so fashionable in the 1960s that every investment bank was pushing them to go public. Before going that route, Robert’s brother Charles put a call into Charlie Revson, the founder and owner of Revlon.
A Wealth of Common Sense
NOVEMBER 27, 2022
It feels like we can’t go a week without some crazy cheating scandal popping up. First, there were the professional fishermen who put lead weights and raw fish fillets into the fish they caught to literally tip the scales in their favor. Then there was the bizarre chess cheating affair where one of the top players in the world was accused of using a vibrating device placed in his rear end.
A Wealth of Common Sense
NOVEMBER 25, 2022
Technology stocks make up nearly 24% of the S&P 500. And that number is probably understating things since many of the biggest companies aren’t technically in the tech sector. Amazon and Tesla are two of the biggest holdings in the consumer discretionary sector. Facebook, Google and Netflix are in the communications sector. Many of these companies are now such a part of our lives that it’s difficult to cla.
A Wealth of Common Sense
NOVEMBER 15, 2022
Boring is better this year in the markets. The more exciting your portfolio, the worse your performance is in this bear market. Those old stodgy blue chip stocks in the Dow that pay dividends and have stable cash flows are crushing the innovation-led stocks that have more potential than profits in 2022. This is in stark contrast to the FOMO days of 2020 and 2021 when it felt like the only place to put your money was the.
A Wealth of Common Sense
NOVEMBER 18, 2022
Scott Galloway once said, “It’s never been easier to become a billionaire, or harder to become a millionaire.” I’m not sure I agree but it does seem like more people want to become a billionaire these days. I honestly don’t think it’s worth it. More money in your life is obviously better than less money but only up to a certain point.
A Wealth of Common Sense
NOVEMBER 17, 2022
A reader asks: I’ve been minimally invested in bonds as a long-term investor but if I can get 5% or more interest, I’d love to allocate funds and lock that in for as long as possible. I’m looking at corporate investment grade new issues and they largely seem to be callable in a year. While I would be happy if rates came down and I got my principal back in a year, I’d also be happy holding them if they are not call.
A Wealth of Common Sense
NOVEMBER 8, 2022
The most important skill in finance has nothing to do with math. Creating the best discounted cash flow models in the world won’t help you raise assets from prospective clients. No one really cares about your Microsoft Excel skills if you can’t explain what they’re good for. Spreadsheets aren’t nearly as important as soft skills.
A Wealth of Common Sense
NOVEMBER 1, 2022
I’m not a huge fan of the Federal Reserve’s current policy choices. They obviously had to do something about the persistently high inflation but I think they run the risk of overdoing it. The magnitude of their interest rate hikes increases the risk of something breaking in the financial system. The Fed is in a tough spot because they acted too late but also because they don’t want inflation to get so ba.
A Wealth of Common Sense
NOVEMBER 3, 2022
A reader asks: My question is how does asset allocation strategy change with your net worth? For example, should someone of the same age with $10 million in net worth have the same allocation as someone with $1 million? The bulk of my career has been spent working in the institutional investment space — mainly foundations and endowments. These huge pools of capital liked to call themselves “sophisticated” invest.
Expert insights. Personalized for you.
167 
Let's personalize your content