It has been an eventful week, and it's easy to fall behind. Here are the 10 most important reads of the week.
Andreessen Horowitz Appoints New General Partner. Andreessen Horowitz is making an even bigger push into healthcare IT, bringing aboard a serial entrepreneur. Horowitz's new partner has spent the last 15 years working largely in genomics, including cofounding the genome analysis company Knome. Here's who it is.
Building The ‘Amazon’ Of Financial Services: CEO Of SoFi. Mike Cagney is a cofounder and the CEO of SoFi, a personal lending platform created in 2011. Following new regulations introduced after the 2008 Financial Crisis, lending has become a crowded business with increasing participation of institutional investors, asset managers and banks. In this interview with Alex Bangash, CEO of Trusted Insight, during the Trusted Insight Alpha Conference, Cagney reveals how his company finds a competitive edge by probing into the “prime consumer market.” He also shares his vision for the future of fintech and financial innovations.
Joe Biden Responds To Bill Ackman: ‘Who Is This Asshole?’. You may think losing $4 billion betting on a shady pharmaceutical company was the lowest point in Bill Ackman’s life. Or maybe it was the apparent failure of his shorting of multi-level marketing outfit Herbalife. But a single tussle with former Vice President Joe Biden might have stung worse than either.
Robert Soros To Step Down As Soros Fund Cuts Macro. Robert Soros is establishing his own fund, Soros Capital, and looking for less liquid investments, such as venture capital opportunities.
Why 500 Startups Isn’t Backing Blockchain-Based ICO. Long known for backing exciting early-stage investments, the absence of 500 Startups from the nascent market for blockchain-based initial coin offerings (ICOs) is notable. Here's why.
The Rocket Scientist, Wall St. Veteran Behind MoMA Foundation | Exclusive Q&A With CIO Frank Ahimaz. Frank Ahimaz joined the Museum of Modern Art as chief investment officer in 2008. His primary role is to analyze market dislocations and to manage MoMA’s investment portfolio totaling $839 million as of Jun. 30, 2016. In this interview, Ahimaz reveals his team's clear-cut investment strategy and how he applies skills from the asset management side to foundation investing.
Investing In The Era Of ‘Cloud’ | Exclusive Q&A With Nick Adams, Managing Director At AME Cloud Ventures. Nick Adams has been managing director at AME Cloud Ventures since 2012 after spending five years in the two powerhouses of Asia -- India then China. Adams was recently named on Trusted Insight's Top 30 Family-Backed VC Investors.
Warren Buffett Entering Commercial Real Estate In NY. The single biggest name in residential real estate is entering the arena of commercial real estate in the Big Apple. Here's what he has planned.
Silicon Valley Shaked By Sexual Harassment Claims. This venture capital investor is taking an indefinite leave of absence from his firm, Binary Capital, after he was accused of sexually harassing women who work in tech.
BlackRock To Head ASU Foundation Endowment. Starting July 1. New York's $5.4 trillion BlackRock will be tasked with managing Arizona State University's (ASU) $600 million endowment. The world's largest money manager will succeed Perella Weinberg Partners' Agility unit, which ran the endowment for the past three years.