In this week's newsletter: Y Combinator has a new president, DoorDash raises $600M and startups go on acquisition sprees. : Hello and welcome back to Startups Weekly, a newsletter published every Saturday that dives into the week's most noteworthy venture deals, fundraises, M&A transactions and trends. Let's take a quick moment to catch up. Last week, I wrote about an alternative to venture capital called revenue-based financing and before that, I jotted down some notes on one of VCs' favorite spaces: cannabis tech. Remember, you can send me tips, suggestions and feedback to firstname.lastname@example.org or on Twitter @KateClarkTweets.
A listed company on the London Stock Exchange (LSE), Sirius Minerals plc is a fertilizer development company based in the United Kingdom. Revealed in filings, the Qatar Investment Authority (QIA) acquired a 3.3% stake in Sirius Minerals as part of its US$ 425 million share placing at the end of April 2019. Sirius Minerals is [...]
Not even the Oracle himself can reliably pick stocks. : Warren Buffett, one of the most successful stock pickers of all time, really wants you to stop picking stocks. It's counterintuitive, I know. But that's what Buffett told the Financial Times in a recent interview.
* A Brief History of Doom: Two Hundred Years of Financial Crises By Richard Vague Summary via publisher (University of Pennsylvania Press) Financial crises happen time and again in post-industrial economies--and they are extraordinarily damaging. Building on insights gleaned from many years of work in the banking industry and drawing on a vast trove of [...]
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the fastest-appreciating asset he'd ever own.
CEO pay increased at almost twice the rate of ordinary wages. In 2018 - a pretty good year for the labor market - the average American private-sector worker got a 3.2 per cent raise.
People laughed at Eric Ries, startup guru and author of the Lean Startup, when he first pitched the idea of a long-term stock exchange. Initially Ries wanted someone else to run with his idea, he told Business Insider. But when no one did, he decided to start the Long-Term Stock Exchange, a competitor to Nasdaq and the New York Stock Exchange that requires companies to look beyond quarterly earnings. On May 10, the Securities and Exchange Commission approved the LTSE's application. Now it can finally get to work. Read more on the Business Insider homepage.
On Wednesday, Seattle-based startup studio Madrona Venture Labs announced it raised $11 million in funding to help build between 8 and 12 startups. Madrona Venture Labs is a startup studio backed by Madrona Venture Group and specializes in artificial intelligence and machine learning technology. Mike Fridgen, Managing Director at Madrona Venture Labs, told Business Insider that Seattle is full of top technical talent from Amazon and Microsoft that he hopes to recruit to the startup studio as founders and mentors.
Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Prior to ValueWalk, Jacob was VP of Business Development at SumZero. Prior to SumZero, Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and three kids in Passaic NJ. - Email: jacob(at)valuewalk.com FD: I do not purchase any equities to avoid conflict of interest and any insider information.