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
Real estate transaction standard
This comes at a time when anti-China sentiment in the country is running high. The Board of Control for Cricket in India (BCCI) on August 6 confirmed that Chinese handset major Vivo will not be associated with the Indian Premier League as its title sponsor for this year's edition, an announcement that came amid growing calls for the boycott of Chinese companies in India. … [Read more...] about Income Tax officials raid premises of Chinese entities, target hawala deals with Indian affiliates
Rekha sat down on the sofa, exhausted. She had finally put her daughters, Shikha (2 years old) and Sudha (6 years old) to bed. Ever since she lost her husband, Sunil, last year, she had been struggling with finances to sustain the family. Rekha took up small assignments in her spare time earn a little. Sunil was 35 years old when he expired. Although Sunil had made some investments in the stock markets, his hospitalisation had depleted all their investments. Unfortunately, he had left Rekha and the daughters with no financial support. Although Sunil had good earnings, he had failed to purchase insurance or create an emergency fund to protect his wife and children. … [Read more...] about 3 critical steps to take before you start investing
The term ‘financial independence’ simply means that you have sufficient savings to live your life as you please. To some, it simply means retirement from work at the age of 58 and spending time with their families. For a few others, it is about pursuing their passions, without having to worry about the money. So, it can be time spent with NGOs or chasing a hobby, or even converting a hobby to a profession. Still others may want to continue working, but on their own terms. … [Read more...] about How much money do you really need to be financially independent?
We are humansMultiple pilots Moneycontrol spoke to shared instances where investigations into technical faults during a flight were quick to find fault in them, but did little in corrective action."Everyone makes mistakes. But then there is a need to have a system and proper checks and balances to ensure that these errors don't get repeated or become fatal," says a senior pilot. … [Read more...] about Air India Express crash | Do investigators take the easy way out by blaming pilots?