The money team

Share to Twitter Share to Linkedin A common saying, we have heard is that “Money is the root of all evil.” Surprisingly, that is not the original quote, but like many famous sayings, it’s been misremembered and misinterpreted over time. The original quote is from a Bible verse found in First Timothy 6:10 that says, “For the love of money is a root of all kinds of evil.” The meaning behind this quote is not a denunciation of money or a prohibition against wealth. Instead, it highlights that having the wrong kind of attitude towards money is what can negatively influence your life. We have seen that most of our clients do not think of their money as evil, although sometimes they have conflicting attitudes toward it. In speaking with clients about how they relate to money, I find that most will fall into one of two groups. They either have what I think of as an abundance mindset, or they have the reverse, which is a scarcity mindset. Personally, I gravitate … [Read more...] about The Power Of Your Money Mindset

Share to Twitter Share to Linkedin Topline The Manhattan grand jury considering whether to indict former President Donald Trump is slated to meet Thursday after a planned session on Wednesday was canceled, multiple outlets report, though it’s still unclear if jurors could vote this week on charges against Trump as the Manhattan district attorney reportedly considers bringing back or calling new witnesses. Key Facts The grand jury will meet Thursday after initially being told to be on standby, NBC News first reported Wednesday and other outlets confirmed, and it’s still unclear why the grand jury’s work was canceled Wednesday , though the New York Times noted scheduling conflicts that have delayed the grand jury proceedings are “not unusual.” The panel heard from attorney Robert Costello on Monday, who previously advised ex-Trump attorney Michael Cohen and said he testified to the grand jury that Cohen—who made “hush money” payments to … [Read more...] about Trump Hush Money Grand Jury To Meet Again Thursday—Here’s What To Watch For

Blacklisted Bitcoin? Frankfurt’s Bankhaus Scheich has a budding business cleaning crypto and getting it back into circulation. J ust before sunset on a chilly Spring day in 2019 armed German special agents broke down the door to the Frankfurt home of a 22-year-old hacker who the government has only identified as Coder420, the developer of a dark web exchange called Wall Street Market. At its peak, the enterprise was the largest of its kind, conducting about €50 million in sales between October 2016 and April 2019, selling everything from cocaine to credentials. At the time of Coder420’s arrest, he had roughly 1,000 bitcoins, then worth $5.5 million. The operation was a huge success. The German state of Hesse, home to Germany’s finance capital Frankfurt, seized 2,200 bitcoin and other cryptocurrencies from Coder420 and two collaborators. “It was a classical takedown of a darknet marketplace,” says Jana Ringwald, 41, a senior prosecutor for the attorney general of Frankfurt. … [Read more...] about Legal Money Laundering: How A German Bank Is Cleaning Tainted Bitcoin And Other Dirty Cryptos

Share to Twitter Share to Linkedin Sanjay Reddy is a co-founding partner of Unlock Venture Partners . In early-stage investing, venture capitalists don’t just evaluate the business opportunity, traction or total addressable market. The traits, ethics and drive of the founder or management team are more important than anything else. Diligence in the early stage of investing doesn’t look at company financials the same way a later-stage investment does, because those numbers don’t yet exist. It’s a common myth that every successful founder is a 22-year-old college dropout with big dreams. However, a study conducted by researchers from MIT, Northwestern, NBER and the U.S. Census Bureau discovered the average age of a founder with at least one employee was around 42. So what does diligence consist of in early-stage investing? It’s a combination of the founder’s experience, market knowledge, and personality and motivation. Experience … [Read more...] about 3 Things Early-Stage Investors Look For In Founders

Share to Twitter Share to Linkedin Key Takeaways OpenAI has released the latest version of their AI chatbot, ChatGPT-4 Microsoft MSFT MSFT stock is up 6.5% this week off the back of the release, after the company announced a $10 billion, multi-year equity and partnership deal with OpenAI OpenAI has received some criticism surrounding the secrecy of the details of the release, after transitioning from a not-for-profit to a for-profit company. Just as the conversation around ChatGPT had begun to die down, the next generation of the natural language processing software, GPT4, has been released. It offers up improvements in scope and capabilities of the model, with proponents believing it to be another major step forward in the tech. Microsoft is a major equity partner of OpenAI, the company who has created ChatGPT, and their stock price has gained 6.5% so far this week. It’s the latest positive result for one of tech’s oldest and … [Read more...] about Microsoft Stock Rallies As Next Generation ChatGPT-4 Is Released

Share to Twitter Share to Linkedin Simone Grimes is Chief Financial Officer at Acadia Insurance. With shareholder activism on the rise, the need for boards to proactively engage with shareholders has also increased. Shareholder engagement refers to the process of engaging shareholders, usually those representing the largest blocks of stock, in face-to-face verbal communications. Topics usually include CEO evaluation and succession, executive compensation, board nomination criteria, governance issues, corporate strategy and emerging issues such as oversight of corporate culture, human capital management and the set of issues known as environmental, social and governance. Institutional investors and proxy advisory firms usually publish their priorities in advance of proxy season, which helps boards scope what topics are appropriate for discussion. If done well, shareholder engagement can help companies better understand the priorities and concerns … [Read more...] about Six Guidelines For Successful Board-Shareholder Engagement

Share to Twitter Share to Linkedin ALBANY — Doug Edert could have never predicted it, but the endorsements kept flowing in. Following St. Peter’s stunning upset over Kentucky at last year’s NCAA tournament, Edert signed a Name, Image, and Likeness (NIL) deal with Buffalo Wild Wings. BW3s, the popular restaurant chain, offered fans six free chicken wings if they checked in at an eatery within 30 minutes of a March Madness overtime contest. With his distinctive bushy mustache, Edert held a wing high and posed in front of a table with a smorgasbord of flavors to celebrate the deal. Shortly after, another followed, where Edert earned money through video messages posted on Cameo. In the new landscape for college athletics created by NIL, the endorsements are a biproduct of success in March Madness. “Everybody just wants to advance, all they're focused on is team,” said Iona coach Rick Pitino, on Thursday, when asked on the implications of the landmark new … [Read more...] about When It Comes To NIL, Team Goals Trump Individual Ones For March Madness

MANILA , Philippines  – The Securities and Exchange Commission (SEC) is mounting a fresh crackdown on criminal financing activities, announcing that it has signed a data sharing agreement with government tax, police and gaming authorities. Under the agreement, the SEC will provide timely access beneficial ownership data. This refers to the ultimate personalities that own corporations and whose identities can be obscured by dummies and layers of legal ownership. “Beneficial owners of a corporation are distinguished from legal owners, which are defined as natural or juridical persons who, in accordance with the law, owns or has the controlling ownership interest over the corporation, or has the ability of taking relevant decisions within the corporation and imposing those resolutions,” the SEC said. The data sharing agreement was recently signed between the Bureau of Internal Revenue (BIR), Philippine National Police (PNP), and  Philippine Amusement and Gaming Corp. (Pagcor). The … [Read more...] about SEC teams up with BIR, PNP, Pagcor in crackdown vs criminal financing

Share to Twitter Share to Linkedin JC Abusaid is the CEO and President of Halbert Hargrove , a wealth advisory firm headquartered in Long Beach, California. We all have things we wish we had known when we were younger: What we would have done differently in our careers and might have eased our minds—if only we’d had the benefit of hindsight. I never set out to be a CEO, but I seized the opportunities I was given and experienced my share of hard knocks, especially in my 20s. All of which has led me here today. Since I can’t time travel and share some hard-earned wisdom with my younger self, this is my love letter to the next generation of leaders starting their careers. If You Work At It, It Will Likely Happen I didn’t have a lot of faith and put a lot of stress on myself. If only I could have had the reassurance that, while it might take time, hard work and patience are rewarded in the long run. Having a strong work ethic is vital to … [Read more...] about For Generation Of Leaders: Here’s What I Wish I Knew In My Early 20s

Share to Twitter Share to Linkedin Bill Alena, Social Discovery Group , is a RevOps and CVC executive with over 20 years in digital media and online dating. The world as we know it changed drastically in 2020, and our perception of social connection changed with it. While events, gatherings and physical interactions were limited or wholly prohibited, we turned to digital connections to fill the gap. And it was through this shift that people began to rely heavily on the use of social discovery platforms to connect with others, share experiences and create content. Videoconferencing platforms helped us stay connected when face-to-face meetings weren’t possible, dating apps enabled us to explore new relationships and streaming sites provided an array of gaming options and livestreams that prompted real-time conversations about our favorite topics. Three years later, the social discovery market shows no signs of slowing down. The dating component … [Read more...] about A VC’s Perspective On Investing In Social Discovery Startups