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Unicorn Watch: Meet This Year's 24 New Billion-Dollar Startups
So far this year, 24 VC-backed startups have attained that coveted $1 billion valuation and become “unicorns,” joining a swelling list of about 200 other private companies. We’ve put together a chart highlighting 2017’s unicorn class, with a few extra tidbits below, like geography trends, an industry breakdown and a spotlight on several investors that could see big paydays. Unicorn
Uber's Ousted CEO Travis Kalanick Discovered the Limits of Founder Control - The Hard Way
On Wall Street, shareholders wield enormous power. In just the last few months activists have shoved Whole Foods into Amazon’s $13.4 billion embrace, kicked Etsy’s CEO out the (handcrafted) door, and sent shivers down the spines of GM’s top leaders. Silicon Valley founders want no part in those battles. To protect themselves, they have been building legal fortresses in the form of super-voting shares and
For Some Reason, Oil ETFs Still Have Fans
Blame it on bottom-fishing or bullish biases, but one of this year's worst-performing commodities still has supporters in the world of exchange traded products where the slumping United States Oil Fund (NYSE: USO) has been attracting new money. Bear Territory "In spite of the sell-off that continues to rule most days in Crude Oil, USO still has managed to attract
Report: Theranos Settles its Lawsuit With Walgreens
Although Theranos has thus far failed as a blood-testing company, the beleaguered Silicon Valley startup is proving to be pretty adept at settling the numerous lawsuits that have piled up against it. The latest deal - reported by the Wall Street Journal - is an agreement in principle with Walgreens, the drugstore chain that had partnered with Theranos in 2010 to
A 'Shareholder Revolt' Ousts Travis Kalanick at Uber
Travis Kalanick resigned on Tuesday as CEO of Uber after a "shareholder revolt" effectively ousted him from the ride-sharing company he helped found in 2009, the New York Times reports. The stunning development comes just a week after Kalanick announced that he'd be taking an extended leave of absence under a cloud of controversy and personal tragedy. Not only was Kalanick
The World's First Cryptocurrency-Formed Venture Fund?
FinTech
Just when you thought the current blockchainsanity couldn’t get any worse, this happened: Deal Street Asia: Russian venture capital firm Kapinvest 21 has launched FinShi Capital, a venture fund based on cryptocurrencies, in partnership with a group of unnamed Chinese investors, Asia LP. This fund will target blockchain and fintech projects in Russia and beyond. It commenced selling pre-ICO (Initial
Brexit In Reverse?
Hedge Funds
LONDON – Economic reality is beginning to catch up with the false hopes of many Britons. One year ago, when a slim majority voted for the United Kingdom’s withdrawal from the European Union, they believed the promises of the popular press, and of the politicians who backed the Leave campaign, that Brexit would not reduce their living standards. Indeed, in
Masters in Business: Marc Andreessen, Venture Capitalist at A16Z
Masters in Business  Marc Andreessen Image source: YouTube Video Screenshot Masters In Business: Marc Andreessen Article by Barry Ritholtz This article was originally published in ValueWalk. Photo: TechCrunch
Video: NexChange Explores the Future of Healthcare with iCarbonX's Chief Scientist, Li Yingrui
Video
Andrew Work speaks to Li Yingrui, co-founder and chief scientist of iCarbonX, at the Emtech Hong Kong Event hosted by MIT Technology Review and Koelnmesse. iCarbonX aims to build an ecosystem of digital life based on a combination of an individual’s biological, behavioral and psychological data, the Internet and artificial intelligence. Transcript: NEXCHANGE: I'm Andrew Work with NexChange and we
This Fund Lets You Pool Your Money to Help the Most Efficient Charities
Lifestyle
Americans donated a combined $268 billion to charity in 2015. Subtract the huge gifts from millionaires and billionaires, though, and each household really contributes around $2,500. That’s lovely gesture, but not really change-the-world kind of coin, especially because it’s often spread out numerous pet causes. So in February, the Centre For Effective Altruism, a philanthropy research group that advocates for