Time to Build or Time to Finance?: In April, Andreessen Horowitz (A16Z) declared: “It’s time to build.” But in January, it asserted that “every company will be a fintech company.” Which philosophy reigns supreme? It’s a laudable goal—giving employees a chance to buy a home, or offering retail investors a look at significant upside. But right now, these platforms still work best for large shareholders looking to sell and institutional investors with access to company financials willing to buy. One white-shoe secondary broker recalls a pre-IPO founder who had quietly cashed out enough of her stake to build a $15 million house, yet maintained a corporate policy denying secondary liquidity to her employees—a power imbalance that remains all too common. … [Read more...] about If entrepreneurs and VCs want to build, we first need to rebuild financial markets
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When estimating your post-retirement expenses, do not forget to factor in cultural needs such as gifting. I remind many to factor in giving (charity) as well. So is the case with the cost of pursuing your hobbies. If you want to pursue any kind of entrepreneurial dream, build a corpus for it, so that such that the venture’s success or failure does not impact the security of your retirement. … [Read more...] about How much money do you really need to be financially independent?
Urban Dictionary even has a phrase for this, “PC Bravery,” which they define as “False bravery that comes from hiding behind a computer screen. Includes (but is not limited to) saying things that you would never typically say in a face-to-face conversation, making empty threats to people you don’t like, and/or making up lies just to get a rise out of people (also known as trolling).” … [Read more...] about Science explains why we’re so much more bold online, especially now
Elsener likes to think of problem-solving in terms of puzzles. She enjoys the challenge of creating no-waste patterns on a swath of fabric. But she also sees making the fashion industry more sustainable as a puzzle that needs to be solved. “It’s a complicated system that requires a complex solution,” she says. “But I’ve always loved puzzles, riddles, and problem-solving games.” … [Read more...] about See what Virgil Abloh thinks will be the future of sustainable fashion
An investment from Kirin or other investors would help Bira which has made losses in recent years and been hit by the coronavirus pandemic, just like the rest of the beer industry. It has said it aims eventually to list on the stock market. … [Read more...] about Indian craft brewer Bira in talks with foreign beer makers over possible stake sale