Hello! Wall Street's tech transformation continues. Our finance team had a number of stories on these efforts this week, each in their own way showing the ways in which tech is impacting competition. For some, investments in tech are helping drive additional revenue. Goldman Sachs for example for a long time struggled to win business with quant hedge funds, which require the most up-to-date technology for their trading. CEO David Solomon told us last month that "the picture is very different" now. That progress showed up on Tuesday when the bank reported better than expected equities trading results.
In Europe, 95% of all leveraged loans are now "cov-lite," meaning that companies have made few or zero promises to investors about how they get their money back. Globally, it's over 80%. "It's deeply concerning to me when you see the covenant erosion taking place here," J.P. Morgan's Michael Cembalest told Business Insider. "The leveraged loan market is one of those markets that is highly liquid when everyone wants them but really illiquid when no one wants them," Cembalest said. "In bad markets liquidity goes down." Read more Business Insider Prime stories here.
Raising venture capital is easier with a perfect pitch deck. On a recent webinar, Carta CEO Henry Ward walked us through his series A and series E decks, which have helped him raise $448 million and reach a $1.7 billion valuation. Ward shared some important lessons he learned during the fundraising process, including the importance of including a 'domino chart' and having 'message-market fit.' Click here for more BI Prime stories. Carta was conceived over lunch at a Thai restaurant. CEO Henry Ward was there with Manu Kumar, an investor at the venture-capital firm K9 Ventures.
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups. : Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups. Regional stability, oil prices and potential for war will all depend on what Iran does with its nuclear program in the event of the deal's termination. Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.
Sid Sijbrandij knows a thing or two about building, scaling and even walking away from companies. His current venture is on its way to $500 million in revenue and is valued at over $1 billion.
Why In The World Is Andreesen Horowitz Investing In Newsletters?...and Other Small Business Tech News This Week
Here are five things in technology that happened last week that affect your small business. Did you miss them? : SAN FRANCISCO, CA - NOVEMBER 03: Andreesen Horowitz partner Marc Andreesen speaks during the Fortune Global Forum on November 3, 2015 in San Francisco, California. Business leaders are attending the Fortune Global Forum that runs through November 4. Here are five things in technology that happened this past week and how they affect your business. Did you miss them?
Colin Reed: Elizabeth Warren Makes A Fateful Choice - Will It Help Her Beat Biden, Harris In The Final Round?
Rather than offer a hopeful vision, Warren has chosen grievance politics. : This material may not be published, broadcast, rewritten, or redistributed. (c)2019 FOX News Network, LLC. All rights reserved. All market data delayed 20 minutes. Center for Freedom and Prosperity Director Dan Mitchell on Sen. Elizabeth Warren's (D-Mass.) plan to regulate the private equity industry.
BEIJING: Some Chinese companies are seeking new purchases of U.S. agricultural products, China's official Xinhua news agency said on Sunday, citing authorities. "Some Chinese enterprises have inquired with U.S. exporters about the purchase of agricultural produce and applied for the lifting of ...
Sharjah is fast emerging as a leading global investment destination with real estate transactions worth Dh14...: Sharjah is fast emerging as a leading global investment destination with real estate transactions worth Dh14.7 billion ($4 billion) recorded for the first half of 2019, according to a report by Sharjah Real Estate Registration Directorate. A total of 27,588 transactions were recorded during the period covering 24 million sq ft area, stated the Directorate in its report. Of these, most of the deals worth over Dh6 billion were inked in May it added.
From VCs accumulating record dry powder to M&A scoops, we had it all this week. The post Editor's take: The week that was - July 15-19 appeared first on DealStreetAsia.