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Best podcasts about ipo

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Latest podcast episodes about ipo

The One Way Ticket Show
DouxMatok Co-Founder & Chairman of the Board - Eran Baniel

The One Way Ticket Show

Play Episode Listen Later Oct 26, 2021 72:31


Eran Baniel is Co-Founder and Chairman of the Board of DouxMatok, the company that has developed a patented method of reducing the sugar content of natural cane sugar, rather than inventing sugar substitutes and among other attributes allows a reduction of 30%-50% in the amount of sugar needed to produce the same level of sweetness. Time Magazine named it one of the best inventions of 2020 and the company was featured in episode 1 of Season 3 of the series Explained on Netflix. Eran brings to DouxMatok many years of management experience in a number of disciplines: He was the Co-Founder & CEO of HCL CleanTech, which raised over $50 million, from a number of US venture funds as well as US government grants, and was eventually sold to Stora Enso; CEO of LifeWave (which did an IPO in Israel); Co-Founder & CEO of Desk-Trainer; and Co-Founder & CEO of U.L.A., where he led major lighting projects, including lighting the walls of the old city of Jerusalem and Nazareth plus key financial districts in Israel. Eran's management positions were always characterized by intensive international collaborations both in the US and Europe. His activities led to considerable investments in a large number of public and private projects as well as in his entrepreneurial activities. Co-founding DouxMatok, bringing proprietary improved nutrition, such as sugar-based sugar-reduction, enabling tastier and healthier consumption of technologies for efficient delivery of flavors and sweet foods is for him the most exciting and ground-breaking mission he's ever led. On this episode, we explore Eran's one way ticket to 1816 to the Théâtre des Funambules on Paris' Boulevard du Crime to witness the creativity of Jean-Gaspard Deburau's Pierrot character. Additionally, Eran highlights why artists are not regarded highly enough as a source of leadership. Plus, we switch gears and talk about sugar, the game-changing venture that is DouxMatok, and where the food technology industry is headed.   Eran is just one of the engaging personalities featured on The One Way Ticket Show, where Host Steven Shalowitz explores with his guests where they would go if given a one way ticket, no coming back. Their destinations may be in the past, present, future, real, imaginary or a state of mind. Steven's guests have included: Nobel Peace Prize Winner, President Jose Ramos-Horta; Legendary Talk Show Host, Dick Cavett; Law Professor, Alan Dershowitz; Fashion Expert, Tim Gunn; Broadcast Legend, Charles Osgood; International Rescue Committee President & CEO, David Miliband; Former Senator, Joe Lieberman; Playwright, David Henry Hwang; Journalist-Humorist-Actor, Mo Rocca; SkyBridge Capital Founder & Co-Managing Partner, Anthony Scaramucci; Abercrombie & Kent Founder, Geoffrey Kent; Travel Expert, Pauline Frommer, as well as leading photographers, artists, chefs, writers, intellectuals and more.

Sales vs. Marketing
Terry Jones, CEO of Travelocity, Chairman of Kayak.com | Disrupting Existing Industries With Tech

Sales vs. Marketing

Play Episode Listen Later Oct 25, 2021 56:42


➡️ Like The Show? Leave A Rating: https://ratethispodcast.com/successstory ➡️ About The Guest Terry Jones is the founder and former CEO of Travelocity, chairman of Kayak.com, CIO of Sabre Inc., and motivational speaker. A graduate of Denison University in Granville, Ohio, Jones entered the travel industry in 1971 as a travel agent with Vega Travel in Chicago. Terry Jones is a Digital Disruptor, an author and a venture capitalist. He has founded five startups, with two billion dollar IPOs - Kayak and Travelocity. He has served on 17 corporate boards. His success has established him as a thought leader on innovation and disruption. As a speaker, author, venture capitalist and board member, Terry has been helping companies use the tools and techniques he has developed to keep succeed in our fast-changing world. He lectures worldwide about innovation and building digital relationships in business and holds several patents. He serves on the board of directors of Luxury Link, Rearden Commerce and Smart Destinations. He is chairman of the board of Kayak.com, and is a special venture partner with General Catalyst Partners. ➡️ Talking Points 00:00 - Intro. 7:21 - From travel agent to 2x billion dollar IPO. 18:55 - Coming up with disruptive ideas as an entrepreneur. 21:33 - How Covid changed businesses forever. 26:03 - AI & IOT in business. 32:15 - The evolution of the customer experience. 37:00 - Companies that are changing the world. 40:15 - Real life applications of disruptive technologies. 53:46 - Advice for young entrepreneurs. ➡️ Show Links https://twitter.com/terrellbjones https://tbjones.com/ ➡️ Podcast Sponsors 1. Shopify— All-In-One eCommerce Tools https://shopify.com/successstory  — Free 14 Day Trial 2. LinkedIn Marketing —B2B Marketing Campaigns https://linkedin.com/successstory — $100 Ad Credit 3. Nutrafol —Increase Hair Thickness & Volume https://nutrafol.com/ (CODE: successstory) — $15 Off First Month 4. Hubspot Podcast Network https://hubspot.com/podcastnetwork

The Twenty Minute VC: Venture Capital | Startup Funding | The Pitch
20VC: Deliveroo Founder Will Shu on The IPO This Year, The Rise of Quick Commerce and The Fierce Competition with Uber Eats

The Twenty Minute VC: Venture Capital | Startup Funding | The Pitch

Play Episode Listen Later Oct 25, 2021 40:35


Will Shu is the Founder & CEO @ Deliveroo, the company that provides your favorite restaurants and takeaways, delivered to your door. Prior to their IPO earlier this year, Will raised over $1.7BN for the company from some of the best including Accel, Index, General Catalyst, Greenoaks, and more. Before Deliveroo, Will worked in finance as an analyst with SAC Capital, ESO Capital, and Morgan Stanley in New York and London. Fun fact, Will still enjoys regularly delivering food orders on his bike. In Today's Episode with Will Shu You Will Learn: 1.) How Will made his way from hedge funds and Morgan Stanley to changing the world of food and delivery with Deliveroo? Why did Deliveroo not work the first time Will started it? 2.) Restaurant + Customer Acquisition: How did Will acquire the first restaurants to the platform? What did that education process look like for them? What do the restaurants care about? How did Will acquire the first customers? How has that changed over time? What matters to customers; speed, selection or price? How does this change by geography and country? 3.) New Markets: How do Deliveroo select new markets to enter? What makes one more attractive than another? From a resource perspective, what does it take to open a new market? What have been some of the biggest lessons on zone maturity and time to breakeven? Why does Deliveroo not track driver efficiency on a number of drops basis? What is the right mechanism to measure driver efficiency? 4.) Competition: How did Deliveroo come late to markets like France and end up winning them? What was it like competing against Uber with Eats? How important is restaurant exclusivity to Deliveroo retaining its position? What would Will have done differently with regards to competition, with the benefit of hindsight? 5.) Quick commerce: What does Will make of the unprecedented rise of quick commerce? Will we see many winners on a per market basis or will this be a consolidatory environment? What do many of the new entrants mistake or not understand? Why is the vertical ownership of the supply chain such a superior model to working with grocery partners? Item's Mentioned In Today's Episode with Will Shu Will's Favourite Book: From Third World to First: Singapore and the Asian Economic Boom

The Prof G Show with Scott Galloway
Office Hours: On Running, Expanding College Admissions, and How Banks Can Boost Their Brands

The Prof G Show with Scott Galloway

Play Episode Listen Later Oct 25, 2021 22:26


Scott answers a question about whether On Running is a good long-term investment after its recent IPO. He then shares his thoughts on how legacy banks can keep up in an increasingly digitized financial system, and why universities with big brands need to let in more students, not fewer.  Music: https://www.davidcuttermusic.com / @dcuttermusic Learn more about your ad choices. Visit podcastchoices.com/adchoices

Cracks Podcast con Oso Trava
#145. Frank Kanayet - Lecciones del Musk Colombiano, El Dilema entre Familia y Carrera, y Manejar los Autos más Rápidos del Mundo

Cracks Podcast con Oso Trava

Play Episode Listen Later Oct 24, 2021 108:53


"Para tener éxito en  la vida hay que encontrarle una solución a los problemas y no buscarle un problema a las soluciones." - Frank KanayetEste episodio es presentado por  BEEK que te regala 14 días y 40% de descuento en tus primeros 3 meses de audiolibros ilimitados y por Tribal Credit, la tarjeta de crédito corporativa para empresas de alto impacto.Frank Kanayet, lo puedes encontrar en Instagram como @fkanayet, es un referente de los negocios en Latinoamérica, y Colombia, gracias a su rol como Inversionista Angel invirtiendo en más de 30 proyectos a través del programa "Shark Tank Colombia" además de su inversión en Domicilios.com, la primera startup colombiana en hacer un IPO.Hoy día Frank se dedica a la inversión en proyectos novedosos, principalmente enfocados a la movilidad eléctrica, como lo son la Fórmula E de la FIA y Rimac, compañía fabricante del auto eléctrico más rápido del mundo.Frank y yo hablamos de que busca un inversionista en un emprendedor, de cómo elegir entre una carrera prometedora y una vida personal y de qué se siente manejar los autos más rápidos del mundo.Qué puedes aprender hoyQué busca un inversionista en un emprendedorCómo decidir entre carrera y familiaCómo tomar riesgos calculados¡Espero que lo disfrutes!*Este episodio es presentado por Tribal Credit.En los más de 10 años que tengo emprendiendo nunca había podido contar con una buena tarjeta de crédito corporativa para manejar los gastos de mi empresa.Con Tribal puedo crear tarjetas de crédito físicas y tarjetas virtuales ilimitadas para cada uno de mis empleados o incluso específicas para cada tipo de servicio que quiero pagar.Lo mejor es que las tarjetas son sin anualidad, sin comisión por transacción y no solo eso sino que puedo hacer transferencias sin costo para pagarle a proveedores nacionales e internacionales con financiamientos revolventes a corto plazo para mejorar mis condiciones de pago y crecer mis operaciones. Si quieres retomar el control de los gastos de tu empresa y detonar su crecimiento crea tu cuenta en tribal.mx/cracks.*Este episodio es presentado por BEEK, el app de audiolibros ilimitados. Tienen más de 250,000 títulos y puedes escuchar resúmenes de "best-sellers" en menos de 15 minutos o escuchar el libro completo para nunca dejar de aprender. BEEK te regala 14 días de prueba más tus 3 primeros meses por solo $149 pesos cuando te suscribes al contenido ilimitado de BEEK en cracks.la/beek.*Ve el video de esta entrevista en Youtubehttps://www.youtube.com/crackspodcastNotas del episodio en:https://cracks.la/145Para obtener notas del programa, links a todo lo que mencionamos e invitados anteriores, visita cracks.la.Regístrate para recibir el newsletter de Oso Trava (Viernes de Cracks) por correo electrónico cracks.la/viernes.Sigue a Oso:Twitter: twitter.com/osotravaInstagram: instagram.com/osotravaConferencias y cursos: osotrava.com211025 Tribal Beek Pre 211025 Tribal Beek Post

Valley Nordic
S3E17: Amplitude IPO

Valley Nordic

Play Episode Listen Later Oct 24, 2021 43:02


We discuss: 1. Amplitude's products and business (what does the company do?)2. Amplitude's history (started as Sonalight)3. Direct listing vs. traditional IPO (why Amplitude chose direct listing)4. Amplitude's valuation and future prospects Useful links 1. Amplitude S1 

EV News Daily - Electric Car Podcast
1247: Tesla Raises Prices (Again) Of Various S, 3, X & Y Models | 24 Oct 2021

EV News Daily - Electric Car Podcast

Play Episode Listen Later Oct 24, 2021 20:00


Show #1254 If you get any value from this podcast please consider supporting my work on Patreon. Plus all Patreon supporters get their own unique ad-free podcast feed. Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Sunday 24th October. It's Martyn Lee here and I go through every EV story so you don't have to. Thank you to MYEV.com for helping make this show, they've built the first marketplace specifically for Electric Vehicles. It's a totally free marketplace that simplifies the buying and selling process, and help you learn about EVs along the way too. BLACKROCK COULD PUMP HALF A BILLION EUROS INTO HIGH POWER CHARGING "The US investment firm BlackRock is to lead a capital increase of 750 million euros by the Ionity joint venture, which intends to use the money to expand further its high power charging network, German media reports. There is also an indication of the next expansion stage." says electrive: "Manager Magazin refers to people involved saying BlackRock itself would invest 500 million euros as part of the capital increase. According to the report, the remaining 250 million euros would come from Ionity's existing owners, i.e. Audi and Porsche from the VW Group, Daimler, BMW, Ford and Hyundai-Kia. The capital increase would value Ionity at 2.25 billion euros. The US investor would thus have a 22 per cent stake in the charging joint venture. However, Ionity has not confirmed the capital increase or BlackRock's investment. The fact that Ionity is looking for external investors has been apparent since last winter. As the carmakers involved wanted to accelerate the expensive HPC expansion, they aimed to attract private equity capital. " Read more: https://www.electrive.com/2021/10/21/blackrock-to-pump-half-a-billion-euros-into-high-power-charging/ DAIMLER OPENS $172M R&D CENTER IN BEIJING "Daimler officially started operations of its new “R&D Tech Center China” in Beijing. With an investment of 1.1 billion RMB (US$172 million), the company is further strengthening its R&D footprint and technological capabilities in the world's biggest car market. The fully-fledged R&D center focuses on major technological trends, tailor-made innovation and significantly accelerating Daimler's local product development." according to Green Car Congress: "The eDrive lab is equipped with two test chambers that can simulate a temperature range of -30 ˚C to +50 ˚C. The two sets of 4-wheel dynamometers can test whole electric vehicles, components or real battery pack tests. By adjusting the roller force and using big data applications, the intelligent test bench can simulate real driving conditions such as air resistance or different topographies. This allows comprehensive testing of next-generation electric vehicles at an early stage, under extreme conditions and throughout the year. The new eDrive lab also sets benchmarks in terms of sustainability and energy conservation: It is able to recuperate the energy of the tested vehicle back into the electric grid, which reduces the overall energy consumption significantly." Read more: https://www.greencarcongress.com/2021/10/20211022-daimler.html TESLA GIGAFACTORY BERLIN GETS DELAYED FOR ANOTHER MONTH "Tesla Giga Berlin will have to delay the start of Model Y production just a little more. Brandenburg's State Office for the Environment decided to repeat the discussion procedure for Tesla's final permit." says Teslarati: "Tesla Giga Berlin will likely be delayed for another month as a result of these developments. Another round of discussions about the company's final permit approval will start on November 2, 2021. According to Brandenburg's Ministry of the Environment, the State Office of the Environment thought it would be best to repeat the procedure to ensure that Tesla's final permit is legally sound. At the recent TSLA earnings call, Tesla CFO Zack Kirkhorn stated that the company still aims to produce some cars in Giga Berlin and Giga Texas by the end of the year." Read more: https://www.teslarati.com/tesla-giga-berlin-delayed-again/ TESLA HIKES PRICE OF MODEL X, MODEL S VARIANTS BY $5,000 "Tesla Inc (TSLA.O) has increased the price of its Model X Long Range and Model S Long Range variants by $5,000, the electric-car maker's website showed on Saturday. The Model X Long Range and Model S Long Range now sell for $104,990 and $94,990 respectively." says Retuers today. Read more: https://www.reuters.com/business/autos-transportation/tesla-hikes-price-model-x-model-s-variants-by-5000-2021-10-23/ TESLA RAISES MODEL 3 AND Y PRICES ONCE AGAIN "Tesla is increasing prices for the base versions of the Model 3 and Model Y base prices, the second time this month alone. A few weeks ago, Tesla increased Model 3 and Model Y prices across the entire lineup, but the Model 3 Standard Range Plus Model Y Long Range was particularly affected by a $2,000 price increase." says electrek: "In an overnight update to its online configurator in the US today, Tesla increased the price of the Model 3 Standard Range Plus by $2,000. Tesla Model 3 Standard Range Plus: price went from $41,990 to $43,990. Like Model 3, the cheapest version of Model Y got a $2,000 price increase and the performance version a $1,000 price increase. Tesla Model Y Long Range Dual Motor: price went from $54,990 to $56,990" The cars are also showing as September 2022 delivery. Read more: https://electrek.co/2021/10/22/tesla-hikes-model-3-model-y-prices-again-deliveries-slip/ GERMAN SOLAR CAR FIRM SONO MOTORS FILES FOR U.S. IPO "German solar car firm Sono Motors on Friday filed for a U.S. initial public offering (IPO), looking to cash in on investor demand as governments worldwide push for a shift to greener transport. Reuters reported in March that Sono is exploring a U.S. stock market listing that may value the company at more than $1 billion, citing people close to the matter." writes Investing.com: "Sono was founded in 2016 by four friends from a small garage in Munich, and is developing the Sion, a fully-electric vehicle that has solar cells integrated into its bodywork. The car has a range of up to 305 kilometers (189.52 miles) and can be charged via solar power or from conventional power outlets. It intends to begin delivering the cars in the first half of 2023, the company said in its filing. Sono reported more than 14,000 reservations with advance payments. These reservations correspond to a net sales volume of about 300 million euros." Read more: https://uk.investing.com/news/stock-market-news/german-solar-car-firm-sono-motors-files-for-us-ipo-2491348 MERCEDES EQC COMING TO US AFTER ALL, ALBEIT IN 2025 "The Mercedes-Benz EQC electric compact crossover will arrive in the United States after all, albeit in next-generation guise. The launch will happen by mid-decade, when it will be joined by a battery-powered C-Class sedan, the automaker told dealers this month according to Automotive News." says InsideEVs:  "Initially, the current iteration of the EQC was supposed to spearhead the launch of the Mercedes EQ sub-brand in the US in early 2020. However, after delaying the launch by a year, the automaker canceled plans to bring the EQC stateside.  Meanwhile, Mercedes-Benz has launched the EQS electric flagship in the US, but dealers are waiting for a GLC-sized electric crossover because that's where the big money is. The gas-powered Mercedes-Benz GLC was the brand's second best-selling model in the US in the first nine months of the year.  Mercedes US dealers' wishes will be granted, albeit in 2025, when the second-generation EQC will arrive as part of a fleet of electric vehicles Mercedes is launching in the US as it shifts toward an all-electric lineup. " https://insideevs.com/news/542662/next-mercedes-eqc-coming-usa/ POOR EV TAKE-UP TO COST AUSTRALIA'S HEALTH SYSTEM $1TN BY 2050, MODELLING SHOWS "Australia may be left with almost a $1tn health bill by 2050 if it doesn't boost the take-up of electric vehicles, according to a new report released on Sunday. But this could be slashed in half by setting an ambitious target to convert every car in the country to electric by 2035." reports The Guardian: "The modelling was released by the Australian Conservation Foundation (ACF), which commissioned accounting firm Deloitte to examine the community benefit from increasing the uptake of electric vehicles (EVs).  Petrol cars contribute heavily to air, noise and water pollution through the particles emitted from the exhaust and through the waste grease, oil and rubber needed to run them. By contrast, electric vehicles have fewer components and more efficient motors. As this pollution leads to illness, the cost ends up being borne by the health system." The measurement of inaction. https://www.theguardian.com/environment/2021/oct/24/poor-ev-take-up-to-cost-australias-health-system-1tn-by-2050-modelling-shows CHINA'S EV BATTERY MANUFACTURERS RACE TO DEVELOP NEW TECHNOLOGIES "China's leading EV assemblers like NIO and Xpeng are now in a race for supremacy in the future of mobility, buoyed by Beijing's ambitions of turning the country into a global leader by 2025.  China maintains its dominance in terms of the operating and production capacity of EV batteries." says the South China MOrning Post in teh second of a series on battery tech: "CATL is developing a new sodium-ion battery which uses cheaper raw materials. The company claims to offer EV makers an alternative to existing technologies that use cobalt as the main ingredient.  The new technology enables the prototype battery pack to have an energy storage capacity of 160Wh per kg, and the next-generation product's density is expected to exceed 200Wh per kg, according to Robin Zeng Yuqun, founder and chairman of CATL. He admitted that the new technology would have lower energy density. But he said it has several advantages over LFP, which include low-temperature performance and high charging speed." https://www.scmp.com/business/companies/article/3153333/chinas-ev-battery-manufacturers-race-develop-new-technologies NEW QUESTION OF THE WEEK WITH EMOBILITYNORWAY.COM When buying a used electric car, how do you feel about servicing? Do you want the previous person to have been back to a dealer every year? Do you care? Some manufacturers like Tesla don't even have a service schedule so how do you feel about buying a used EV and it's service history, or lack of. Email me your thoughts and I'll read them out on Sunday – hello@evnewsdaily.com It would mean a lot if you could take 2mins to leave a quick review on whichever platform you download the podcast. And  if you have an Amazon Echo, download our Alexa Skill, search for EV News Daily and add it as a flash briefing. Come and say hi on Facebook, LinkedIn or Twitter just search EV News Daily, have a wonderful day, I'll catch you tomorrow and remember…there's no such thing as a self-charging hybrid. PREMIUM PARTNERS PHIL ROBERTS / ELECTRIC FUTURE BRAD CROSBY PORSCHE OF THE VILLAGE CINCINNATI AUDI CINCINNATI EAST VOLVO CARS CINCINNATI EAST NATIONAL CAR CHARGING ON THE US MAINLAND AND ALOHA CHARGE IN HAWAII DEREK REILLY FROM THE EV REVIEW IRELAND YOUTUBE CHANNEL RICHARD AT RSEV.CO.UK – FOR BUYING AND SELLING EVS IN THE UK EMOBILITYNORWAY.COM/

GeekWire
Tech pay, cloud trends, Kraken, and self-driving cars with Qumulo CEO Bill Richter

GeekWire

Play Episode Listen Later Oct 23, 2021 43:59


Everyone is closely monitoring the implications of remote work as we emerge from the pandemic, so it's no surprise that one of the most widely read stories on GeekWire this week — right behind the Titanic's disappearing bathtub and Facebook's potential name change — was a story on trends in tech salaries.  Two big trends stood out in the report from jobs site Hired: Average tech salaries in Seattle are up 4.6% from last year, to $158,000, second only to the Bay Area, which saw its average dip slightly to $165,000. Nationwide, the average U.S. tech salary fell 1.1% to $152,000. With the shift to remote work, “employers are expanding their addressable candidate pool, filling roles faster and paying lower average salaries,” Hired said. What's going on here? That's our first topic on this week's GeekWire Podcast. Guest commentator: We get a real-world perspective on tech hiring, remote work, and pay trends from Bill Richter, president and CEO of Qumulo. The cloud file storage and management company joined the ranks of Seattle's unicorns with a valuation of $1.2 billion in its latest funding round. Richter was previously a venture partner at Madrona Venture Group, and a leader at Isilon Systems and EMC. "We are far more open to remote locations," he said. "It really doesn't make that much of a difference where they are when they appear on their video conferencing screen. And that opens up a lot of new talent pools." It also opens up new opportunities for people previously based in Seattle to relocate and continue working for the company. For its remote work policy, Qumulo's executive team has delegated decisions to its functional leaders, with a plan to learn and adjust as it goes, adopting an Amazon-like policy before Amazon did. "So we're definitely approaching things differently," he added. "That's not a temporary state for us; that will be the future of the way we go as a company." What does that mean for pay? The Hired survey shows that new employees in far-flung locations might not command as much as those in tech hubs. But unlike some other tech leaders, Richter, whose background is in accounting and finance, doesn't see much merit in attempting to adjust salaries when existing employees relocate. "It's a global market for talent. And in exchange for the talent and the impact that the individual provides the organization, they shall be compensated," Richter said. "All the micro-tuning of things like location and that sort of thing, that might work in the short run. In the long run, what we'll see is a market clearing for compensation in return for talent." Other topics this week The boom in unstructured cloud data, which is fueling Qumulo's business. My colleague John Cook makes his best effort to get Richter to disclose Qumulo's financial data and IPO plans. Richter does share some insights into which sectors are seeing the biggest increase in data, and thoughts on how companies are viewing Amazon Web Services, Microsoft Azure and Google Cloud Platform in this environment. The home debut of the new Seattle Kraken NHL franchise Saturday. Our colleagues Kurt Schlosser and Kevin Lisota got to tour Climate Pledge Arena this week. Check out their story and video. We reminisce about John's run-in with the Pittsburgh Penguins mascot, Iceburgh, during GeekWire's 2018 stint in the Steel City, and wonder if he'll have a similar altercation with the Kraken mascot. We'll soon find out. The future of self-driving cars, and the news that Amazon's Zoox will test its technology in Seattle's "different driving culture." John is a skeptic of autonomous vehicles, based on part his terrifying ride in one of Uber's self-driving cars. Richter is an optimist. We can only imagine what will happen when four-self driving cars arrive simultaneously at a four-way stop in Seattle. Produced and edited by Curt Milton; Music by Daniel L.K. Caldwell. See omnystudio.com/listener for privacy information.

This Week in Startups - Audio
Trump SPAC, WeWork SPAC, GitLab IPO w/ Eric Newcomer + Quick Commerce w/Matt Newberg

This Week in Startups - Audio

Play Episode Listen Later Oct 22, 2021 107:27


Tech journalist Eric Newcomer joins to talk the Trump SPAC (8:26), WeWork SPAC (15:58), and the behind the scenes funding story of GitLab's IPO (25:41). Then, HNGRY's Matt Newberg joins to talk innovations in the quick commerce space, the growing impact of ghost kitchens, and more! (1:01:10)

SDxCentral Weekly Wrap
SDxCentral 2-Minute Weekly Wrap: Dell: Hybrid Cloud ‘Long Gone,' Multi-Cloud ‘Next Phase'

SDxCentral Weekly Wrap

Play Episode Listen Later Oct 22, 2021 2:17


SDxCentral 2-Minute Weekly Wrap Podcast for Oct. 22, 2021 Plus, Aruba updates its enterprise switch, and analysts taunt GlobalFoundries Dell touts multi-cloud over hybrid; Aruba picks Pensando for DPU power; and analysts doubt GlobalFoundries IPO fortunes. Dell: Hybrid Cloud ‘Long Gone,' Multi-Cloud ‘Next Phase' Aruba Drops DPU-Accelerated Switches, Pushes Zero Trust to Edge Analysts Call GlobalFoundries' IPO a Cry for Help Learn more about your ad choices. Visit megaphone.fm/adchoices

Hatchcast
Innovate State: Turning Passion Into Profit, ft. Jaime Schmidt

Hatchcast

Play Episode Listen Later Oct 22, 2021 59:30


Jaime Schmidt is an entrepreneur and the founder of Schmidt's Naturals, a brand of natural personal care products she started in her kitchen in Portland, Oregon, in 2010.Jaime is known for modernizing natural personal care products, including the customer-favorite deodorant, and bringing them to the mainstream market. Under her leadership, Schmidt's grew into a household name lining the shelves of retailers, including Target, Costco, Whole Foods, Walmart, CVS, and across 30 countries. In 2017, Schmidt's Naturals partnered with CPG giant Unilever, with Jaime continuing as the brand's founder.Jaime is the co-founder of Color, an investment portfolio that specializes in the consumer product industry, retail and e-commerce, brand positioning, and M&A. She is the author of “Supermaker: Crafting Business on Your Own Terms,” a personalized guide on how to put your business on the map, turning your passion into profit. Later this year, Jaime will serve as a mentor on Going Public, a new original series debuting on Entrepreneur Media that allows viewers to invest in IPOs.-----Like what you hear? Let us know and subscribe and share, we really appreciate it! Have ideas or comments for us? Email us at hatchcast@msu.edu. For behind-the-scenes content, check us out on Facebook and Instagram.   Hatchcast is made possible by the Burgess Institute for Entrepreneurship & Innovation at Michigan State University in collaboration with the MSU Entrepreneurship Association & MSU Women in Entrepreneurship. Original Music by Kakia Gkoudina and Karina Stankowski Engineered & Edited by Gabe Hales  Co-created by Aaryn Richard, Tyler Mehigh, & Kurt Creger  Co-hosted by Gabe Hales, Gabe Berke, Diego Fernandez, Danielle Tice, Karina Stankowski, Charlotte Bachelor & Aaryn Richard MSU Burgess InstituteThe Burgess Institute empowers Michigan State University students to learn through action.TEDxMSUTED is a nonprofit organization devoted to Ideas Worth Spreading.

Snacks Daily

We just got the 1st ever stock chaired by a former US president… and it jumped 350% on Day #1. Two years after it canceled its IPO, WeWork just went public thanks to what Alfred told Batman. And Tesla's earnings reveal it doing something new with cash money: Instead of burning cash, it's printing it. $WE $TSLA $DWAC $BOWX Want a shoutout on the pod? Fill out this form: https://forms.gle/KhUAo31xmkSdeynD9 Got a SnackFact for the pod? We got a form for that too: https://docs.google.com/forms/d/e/1FAIpQLSe64VKtvMNDPGSncHDRF07W34cPMDO3N8Y4DpmNP_kweC58tw/viewform Learn more about your ad choices. Visit podcastchoices.com/adchoices

Software Defined Talk
Episode 325: Nothing says Enterprise like a function key

Software Defined Talk

Play Episode Listen Later Oct 22, 2021 64:22


This week we discuss TriggerMesh going open source, the new Enterprise Mac and Honeycomb raising VC . Plus, will Matt become a TikTok influencer…? Rundown Introducing TriggerMesh Open Source (https://www.triggermesh.com/blog/introducing-triggermesh-open-source) Cockroach Labs Announces CockroachDB Serverless (https://www.infoq.com/news/2021/10/cockroachdb-serverless/) The Enterprise of the MacBook Pro macOS Monterey Release Candidate Undoes Safari Changes, Reintroduces Old Tab Design (https://www.macrumors.com/2021/10/18/macos-monterey-reverts-safari-changes/) HDMI Port Limitations (https://twitter.com/tapbot_paul/status/1450166030446235650) Apple innovators do it again with $19 'Polishing Cloth' (https://mashable.com/article/apple-polishing-cloth) Apple's new 140W charger can fast charge a lot more than just your MacBook Pro (https://www.theverge.com/2021/10/19/22734233/apple-140w-macbook-charging-brick-gan-usb-c-pd-3-1-third-party-chargers) Funny Tweet Storm of Apple Event (https://twitter.com/Pinboard/status/1450146483030749184) Steven Sinofsky on Apple (https://twitter.com/stevesi/status/1450255227945242628?s=21) How Honeycomb Is Using $50M in New Funding to Bring Observability to All (https://www.honeycomb.io/blog/series-c-funding-bringing-observability-to-all) Expensify builds a SQLite Database from their S-1 (https://twitter.com/craig_tracey/status/1450459102975565829?s=21) Yes, there's a market for Excel influencers on TikTok (https://www.protocol.com/workplace/productivity-app-influencers) Relevant to your interests Welcome to Dagger.io (http://dagger.io/) Microsoft shutting down LinkedIn in China (https://www.bbc.com/news/technology-58911297) How Windows NTFS finally made it into Linux (https://www.theregister.com/2021/10/13/how_ntfs_finally_made_it/) GitLab jumps 22% in its Nasdaq debut after code-sharing company priced IPO above expected range (https://www.cnbc.com/2021/10/14/gitlab-jumps-in-nasdaq-debut-after-pricing-ipo-above-expected-range.html) Elastic to buy 'continuous profiling' startup Optimyze (https://www.zdnet.com/article/elastic-to-buy-continuous-profiling-startup-optimyze/) Slackers of the World, Unite! (https://www.theatlantic.com/magazine/archive/2021/11/slack-office-trouble/620173/) Amazon To Allow Employees To Work Remotely Indefinitely (https://www.moneycontrol.com/news/business/amazon-to-allow-employees-to-work-remotely-indefinitely-7573211.html) Google bets on the cloud breaking up (https://www.ft.com/content/ab36b9e2-00e0-469c-9388-fa034f9bfd63) The replacement for Google Reader? (https://twitter.com/__apf__/status/1446503789586894850?s=20) Why a Key Google Cloud Product Ended Up Generating Less Than 0.1% of Revenue (https://www.theinformation.com/articles/why-a-key-google-cloud-product-ended-up-generating-less-than-0-1-of-revenue?utm_source=ti_app) Fully-local simulator for Cloudflare Workers (https://github.com/cloudflare/miniflare) The Largely Untold Story Of How One Guy In California Keeps The World's Computers On The Right… (https://onezero.medium.com/the-largely-untold-story-of-how-one-guy-in-california-keeps-the-worlds-computers-on-the-right-time-a97a5493bf73) Expensify Announces Filing of Registration Statement for Proposed Initial Public Offering (https://www.businesswire.com/news/home/20211015005640/en/Expensify-Announces-Filing-of-Registration-Statement-for-Proposed-Initial-Public-Offering) Programming languages ranked by how much electricity they use: (https://twitter.com/mit_csail/status/1450135081226489857?s=21) Yes, there's a market for Excel influencers on TikTok (https://www.protocol.com/workplace/productivity-app-influencers) IBM shares drop on weaker-than-expected quarterly revenue (https://www.cnbc.com/2021/10/20/ibm-earnings-q3-2021.html) Facebook is planning to rebrand the company with a new name (https://www.theverge.com/2021/10/19/22735612/facebook-change-company-name-metaverse) ****- Amazon cloud storage challenger Backblaze files to go public (https://www.cnbc.com/2021/10/18/cloud-object-storage-company-backblaze-files-to-go-public.html) Snowflake Launches A Media Cloud, As It Builds Out Programmatic Services (https://www.adexchanger.com/platforms/snowflake-launches-a-media-cloud-as-it-builds-out-programmatic-services/) Twilio delves more deeply into marketing with new tool built on $3.2B Segment acquisition (https://techcrunch.com/2021/10/20/twilio-delves-more-deeply-into-marketing-with-new-tool-built-on-3-2b-segment-acquisition/) Nonsense this is hilarious but also really awesome ux (https://pbs.twimg.com/media/FBs8RaiVEAAlDJL.jpg) Sponsors strongDM — Manage and audit remote access to infrastructure. Start your free 14-day trial today at strongdm.com/SDT (http://strongdm.com/SDT) CBT Nuggets — Training available for IT Pros anytime, anywhere. Start your 7-day Free Trial today at cbtnuggets.com/sdt (https://cbtnuggets.com/sdt) Conferences TriggerMesh Open Source Software Webinar (https://www.triggermesh.com/oss-intro) - October 28, 2021 MongoDB.local London 2021 (https://events.mongodb.com/dotlocallondon) - November 9, 2021 THAT Conference comes to Texas January 17-20, 2022 (https://that.us/activities/call-for-counselors/tx/2022) Listener Feedback InfraCloud is hiring a Site reliability Engineer (SRE) in India (https://www.linkedin.com/jobs/view/2763208585/?alternateChannel=search&refId=eSIVvVIqBdTCFUIIcV6Fvw%3D%3D&trackingId=E8rnW8pH9WYFNfz1ZMtONw%3D%3D) James wants you to superorbital.io as a Kubernetes focused Cloud Engineer (https://superorbital.io/careers/) SDT news & hype Join us in Slack (http://www.softwaredefinedtalk.com/slack). Send your postal address to stickers@softwaredefinedtalk.com (mailto:stickers@softwaredefinedtalk.com) and we will send you free laptop stickers! Follow us on Twitch (https://www.twitch.tv/sdtpodcast), Twitter (https://twitter.com/softwaredeftalk), Instagram (https://www.instagram.com/softwaredefinedtalk/), LinkedIn (https://www.linkedin.com/company/software-defined-talk/) and YouTube (https://www.youtube.com/channel/UCi3OJPV6h9tp-hbsGBLGsDQ/featured). Brandon built the Quick Concall iPhone App (https://itunes.apple.com/us/app/quick-concall/id1399948033?mt=823) and he wants you to buy it for $0.99. Use the code SDT to get $20 off Coté's book, (https://leanpub.com/digitalwtf/c/sdt) Digital WTF (https://leanpub.com/digitalwtf/c/sdt), so $5 total. Become a sponsor of Software Defined Talk (https://www.softwaredefinedtalk.com/ads)! Recommendations Brandon: Foundation (https://tv.apple.com/us/show/foundation/umc.cmc.5983fipzqbicvrve6jdfep4x3?ign-itscg=MC_20000&ign-itsct=atvp_brand_omd&mttn3pid=Google%20AdWords&mttnagencyid=a5e&mttncc=US&mttnsiteid=143238&mttnsubad=OUS2019859_1-547710607871-c&mttnsubkw=104006946180__BCaSlfl0_&mttnsubplmnt=) and Squid Game (https://www.netflix.com/title/81040344) Netflix's "Squid Game" Generated $891 Million In Value: Report (https://www.hotnewhiphop.com/netflixs-squid-game-generated-s891-million-in-value-report-news.141147.html) Matt: Gauntlet Slayer Edition (https://store.steampowered.com/app/258970/Gauntlet_Slayer_Edition/) MacOS Mission Control drag & drop between screens Photo Credits Banner Image (https://unsplash.com/photos/IckkprBRmUU) CoverArt (https://unsplash.com/photos/QSBm03YHtrI)

Shunya One
Nitin Gupta On Building An Enhanced Credit Experience

Shunya One

Play Episode Listen Later Oct 22, 2021 48:44


On this episode of Shunya One, Shiladitya and Amit are joined by Nitin Gupta, Founder and CEO of Uni Cards. Nitin talks about starting his entrepreneurial journey in 2008, starting with PayUMoney and then coming up with Uni. Nitin also talks about why having an IPO is necessary for business, why India has the best financial service businesses and how he decided on building a financial distribution business. Shiladitya and Amit ask Nitin about what excited him about credit cards in the first place, why the credit card will create a hundred billion dollar incremental market gap in coming years, and more. Nitin further explains what the Uni card is, how it works, the benefits customers can avail with it, how Uni profiles their customers and what Nitin is planning to build on top of the existing product. Tune in for this and so much more.Follow UNI Linkedin & Twitter:https://www.linkedin.com/company/uni-cards/https://twitter.com/cards_uniFollow Nitin Gupta on Linkedin & Twitter:https://www.linkedin.com/in/nitinguptaprofile/https://twitter.com/nitinwhateverTweet to hosts @shiladitya & @doshiamit for your questions or reactions to this episode.http://ivmpodcasts.com/shunyaoneYou can listen to this show and other awesome shows on the IVM Podcasts app on Android: https://ivm.today/android or iOS: https://ivm.today/ios, or any other podcast app.You can check out our website at https://www.ivmpodcasts.com/

World Business Report
WeWork shares jump more than 13 per cent in public markets debut

World Business Report

Play Episode Listen Later Oct 21, 2021 12:00


Shares of WeWork closed up more than 13.49 per cent on Thursday after the company went public through a special purpose acquisition, more than two years after its failed IPO. We hear from Peter Eavis of The New York Times, who has been following the ups and downs of the company. Plus, the Austrian city of Vienna is known for its collection of art galleries and museums. But some of the exhibits, it seems, are a little too racy for some social media networks. So the tourism board is posting images on the website OnlyFans, the only social network that permits depictions of nudity. We hear from Norbert Kettner of the Vienna Tourist Board. Susan Schmidt of Aviva Investors, in Chicago, tells us about the day's trading on Wall Street.

Latitud Podcast
#64 - The power of network effects: Pete Flint, NFX

Latitud Podcast

Play Episode Listen Later Oct 21, 2021 51:09


Born in Essex, England, Pete Flint is a brit deeply immersed in Silicon Valley startup culture. He's a titan of disruptive innovation and a widely respected leader in the tech industry, and was one of my early supporters at Viva Real.Two times unicorn, he was part of the founding team of travel industry pioneer lastminute.com before starting Trulia, one of the most popular real state apps in the US.With tales of a successful IPO and an exit valued at $3.5b, Pete is now helping entrepreneurs leverage capital, experience and connections as a partner at venture firm NFX.Today Pete and I will be talking about:How to leverage network effectsBuilding a business that evolves at scaleAnd NFX's plans for its new $450 million pre-seed and seed fundBuilding something new? Apply for the Latitud Fellowship at apply.latitud.com

TechCheck
PayPal's Pinterest Interest, WeWork Makes its Market Debut & Big Tech's Geopolitical Pull

TechCheck

Play Episode Listen Later Oct 21, 2021 41:56


Our anchors kick off today's show with the details on PayPal exploring an acquisition of Pinterest. Then, CNBC's Phil LeBeau covers Tesla's earnings beat reported last night. Plus, we cover WeWork finally going public today two years after its failed IPO. Then, Eurasia Group President Ian Bremmer joins to discuss the power of Big Tech today. Next, Bow Capital Founder and WeWork Board Member Vivek Ranadive joins to speak about WeWork's market debut today. And later, Greycroft Venture Partner and Former Pinterest Executive Kamran Ansari is here to talk about PayPal's potential acquisition of Pinterest.

The Narrative Monopoly
#30 - Jamie Catherwood, Investor Amnesia

The Narrative Monopoly

Play Episode Listen Later Oct 21, 2021 55:13


BioJamie Catherwood is the publisher and author of Investor Amnesia ("The goal of Investor Amnesia is to provide investors with key insights and lessons from our past in order to avoid repeating the same mistakes.”). He majored in History at King's College London, and entered the financial services industry after graduating. He started writing about financial history in 2018 and writes the Financial History: Sunday Reads newsletter, which goes out to over 14,000 people. He's guest lectured at the Yale School of Management, and his work has featured in the Wall Street Journal, Bloomberg News, Financial Times, CNBC and more.  Times0:15 - Intro to Jamie & Investor Amnesia3:45 - What got Jamie into financial history6:30 - Old financial illustrations10:15 - How the government could harness speculation for productive uses20:30 - Detour on Cleveland, OH24:40 - Access to public and private companies and SPACs31:30 - Imperial finance42:45 - Busting the Tulip Bubble narrative45:30 - Importance of history50:45 - Jamie's closing thoughts on how to apply financial history LinksInvestor Amnesia (articles, courses, etc)IPO and SPAC article mentionedJamie's twitterJeff's twitternarrativemonopoly.com

WealthVest: The Weekly Bull & Bear
S5E8: WealthVest/ Drawing Capital October 2021

WealthVest: The Weekly Bull & Bear

Play Episode Listen Later Oct 20, 2021 30:12


In this episode of WealthVest: The Weekly Bull&Bear, Sean van der Wal and Sagar Joshi of Drawing Capital join Drew and Grant, to discuss their new business unit DC Ventures, IPOs, Facebook, cryptocurrency developments, Chinese equities, the debt ceiling and the potential of stagflation.WealthVest – based in Bozeman, MT, and San Francisco, CA – is a financial services marketing and distribution firm specializing in fixed and fixed index annuities from many high-quality insurance companies. WealthVest provides the tools, resources, practice management support, and products that financial professionals need to provide their clients a predictable retirement that has their best interest in mind.Hosts: Drew Dokken, Grant CollinsAlbum Artwork: Sam YarboroughShow Editing and Production: Tavin DavisDisclosure: The information covered and posted represents the views and opinions of the hosts and does not necessarily represent the views or opinions of WealthVest. The mere appearance of Content on the Site does not constitute an endorsement by WealthVest. The Content has been made available for informational and educational purposes only. WealthVest does not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the Content.WealthVest does not warrant the performance, effectiveness or applicability of any sites listed or linked to in any Content. The content is not intended to be a substitute for professional investing advice. Always seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your investment planning. Investment and investing involves risk, including possible loss of principal. See acast.com/privacy for privacy and opt-out information.

Industry Focus
Wildcard: WeWork 2.0

Industry Focus

Play Episode Listen Later Oct 20, 2021 27:47


WeWork will finally hit the public markets after BowX Acquisition Corp (BOWX) shareholders voted to bring the company public via SPAC. The company coming to the public markets looks a bit different than the one that pulled its IPO in 2019. We compare WeWork then and now, talk about leadership changes, the potential for the new WeWork, and the company's more realistic valuation. Stocks: BOWX, WE Check out more of our content here: Podcasts Youtube Twitter Reach us by Email @ IndustryFocus@fool.com

The tastytrade network
Engineering The Trade - October 20, 2021 - Floodgates Are Open

The tastytrade network

Play Episode Listen Later Oct 20, 2021 17:37


Jermal talks about another addition to the bitcoin ETF pool party, more earnings, and a hotdog company IPO!  Featured Symbols: TSLA, CROX, TLRY, BITO, and PTLO

The tastytrade network
Engineering The Trade - October 20, 2021 - Floodgates Are Open

The tastytrade network

Play Episode Listen Later Oct 20, 2021 18:28


Jermal talks about another addition to the bitcoin ETF pool party, more earnings, and a hotdog company IPO!  Featured Symbols: TSLA, CROX, TLRY, BITO, and PTLO

Alignment Newsletter Podcast
Alignment Newsletter #167: Concrete ML safety problems and their relevance to x-risk

Alignment Newsletter Podcast

Play Episode Listen Later Oct 20, 2021 17:10


Recorded by Robert Miles: http://robertskmiles.com More information about the newsletter here: https://rohinshah.com/alignment-newsletter/ YouTube Channel: https://www.youtube.com/channel/UCfGGFXwKpr-TJ5HfxEFaFCg HIGHLIGHTS Unsolved Problems in ML Safety (Dan Hendrycks, Nicholas Carlini, John Schulman, and Jacob Steinhardt) (summarized by Dan Hendrycks): To make the case for safety to the broader machine learning research community, this paper provides a revised and expanded collection of concrete technical safety research problems, namely: 1. Robustness: Create models that are resilient to adversaries, unusual situations, and Black Swan events. 2. Monitoring: Detect malicious use, monitor predictions, and discover unexpected model functionality. 3. Alignment: Build models that represent and safely optimize hard-to-specify human values. 4. External Safety: Use ML to address risks to how ML systems are handled, including cyberwarfare and global turbulence. Throughout, the paper attempts to clarify problem's motivation and provide concrete project ideas.   Dan Hendrycks' opinion: My coauthors and I wrote this paper with the ML research community as our target audience. Here are some thoughts on this topic: 1. The document includes numerous problems that, if left unsolved, would imply that ML systems are unsafe. We need the effort of thousands of researchers to address all of them. This means that the main safety discussions cannot stay within the confines of the relatively small EA community. I think we should aim to have over one third of the ML research community work on safety problems. We need the broader community to treat AI at least as seriously as safety for nuclear power plants. 2. To grow the ML research community, we need to suggest problems that can progressively build the community and organically grow support for elevating safety standards within the existing research ecosystem. Research agendas that pertain to AGI exclusively will not scale sufficiently, and such research will simply not get enough market share in time. If we do not get the machine learning community on board with proactively mitigating risks that already exist, we will have a harder time getting them to mitigate less familiar and unprecedented risks. Rather than try to win over the community with alignment philosophy arguments, I'll try winning them over with interesting problems and try to make work towards safer systems rewarded with prestige. 3. The benefits of a larger ML Safety community are numerous. They can decrease the cost of safety methods and increase the propensity to adopt them. Moreover, to make ML systems have desirable properties, it is necessary to rapidly accumulate incremental improvements, but this requires substantial growth since such gains cannot be produced by just a few card-carrying x-risk researchers with the purest intentions. 4. The community will fail to grow if we ignore near-term concerns or actively exclude or sneer at people who work on problems that are useful for both near- and long-term safety (such as adversaries). The alignment community will need to stop engaging in textbook territorialism and welcome serious hypercompetent researchers who do not post on internet forums or who happen not to subscribe to effective altruism. (We include a community strategy in the Appendix.) 5. We focus on reinforcement learning but also deep learning. Most of the machine learning research community studies deep learning (e.g., text processing, vision) and does not use, say, Bellman equations or PPO. While existentially catastrophic failures will likely require competent sequential decision making agents, the relevant problems and solutions can often be better studied outside of gridworlds and MuJoCo. There is much useful safety research to be done that does not need to be cast as a reinforcement learning problem. 6. To prevent alienating readers, we did not use phrases such as "AGI." AGI-exclusive research will not scale; for most academics and many industry researchers, it's a nonstarter. Likewise, to prevent needless dismissiveness, we kept x-risks implicit, only hinted at them, or used the phrase "permanent catastrophe." I would have personally enjoyed discussing at length how anomaly detection is an indispensable tool for reducing x-risks from Black Balls, engineered microorganisms, and deceptive ML systems. Here are how the problems relate to x-risk: Adversarial Robustness: This is needed for proxy gaming. ML systems encoding proxies must become more robust to optimizers, which is to say they must become more adversarially robust. We make this connection explicit at the bottom of page 9. Black Swans and Tail Risks: It's hard to be safe without high reliability. It's not obvious we'll achieve high reliability even by the time we have systems that are superhuman in important respects. Even though MNIST is solved for typical inputs, we still do not even have an MNIST classifier for atypical inputs that is reliable! Moreover, if optimizing agents become unreliable in the face of novel or extreme events, they could start heavily optimizing the wrong thing. Models accidentally going off the rails poses an x-risk if they are sufficiently powerful (this is related to "competent errors" and "treacherous turns"). If this problem is not solved, optimizers can use these weaknesses; this is a simpler problem on the way to adversarial robustness. Anomaly and Malicious Use Detection: This is an indispensable tool for detecting proxy gaming, Black Balls, engineered microorganisms that present bio x-risks, malicious users who may misalign a model, deceptive ML systems, and rogue ML systems. Representative Outputs: Making models honest is a way to avoid many treacherous turns. Hidden Model Functionality: This also helps avoid treacherous turns. Backdoors is a potentially useful related problem, as it is about detecting latent but potential sharp changes in behavior. Value Learning: Understanding utilities is difficult even for humans. Powerful optimizers will need to achieve a certain, as-of-yet unclear level of superhuman performance at learning our values. Translating Values to Action: Successfully prodding models to optimize our values is necessary for safe outcomes. Proxy Gaming: Obvious. Value Clarification: This is the philosophy bot section. We will need to decide what values to pursue. If we decide poorly, we may lock in or destroy what is of value. It also possible that there is an ongoing moral catastrophe, which we would not want to replicate across the cosmos. Unintended Consequences: This should help models not accidentally work against our values. ML for Cybersecurity: If you believe that AI governance is valuable and that global turbulence risks can increase risks of terrible outcomes, this section is also relevant. Even if some of the components of ML systems are safe, they can become unsafe when traditional software vulnerabilities enable others to control their behavior. Moreover, traditional software vulnerabilities may lead to the proliferation of powerful advanced models, and this may be worse than proliferating nuclear weapons. Informed Decision Making: We want to avoid decision making based on unreliable gut reactions during a time of crisis. This reduces risks of poor governance of advanced systems. Here are some other notes: 1. We use systems theory to motivate inner optimization as we expect motivation will be more convincing to others. 2. Rather than have a broad call for "interpretability," we focus on specific transparency-related problems that are more tractable and neglected. (See the Appendix for a table assessing importance, tractability, and neglectedness.) For example, we include sections on making models honest and detecting emergent functionality. 3. The "External Safety" section can also be thought of as technical research for reducing "Governance" risks. For readers mostly concerned about AI risks from global turbulence, there still is technical research that can be done. Here are some observations while writing the document: 1. Some approaches that were previously very popular are currently neglected, such as inverse reinforcement learning. This may be due to currently low tractability. 2. Five years ago, I started explicitly brainstorming the content for this document. I think it took the whole time for this document to take shape. Moreover, if this were written last fall, the document would be far more confused, since it took around a year after GPT-3 to become reoriented; writing these types of documents shortly after a paradigm shift may be too hasty. 3. When collecting feedback, it was not uncommon for "in-the-know" researchers to make opposite suggestions. Some people thought some of the problems in the Alignment section were unimportant, while others thought they were the most critical. We attempted to include most research directions.   [MLSN #1]: ICLR Safety Paper Roundup (Dan Hendrycks) (summarized by Rohin): This is the first issue of the ML Safety Newsletter, which is "a monthly safety newsletter which is designed to cover empirical safety research and be palatable to the broader machine learning research community".   Rohin's opinion: I'm very excited to see this newsletter: this is a category of papers that I want to know about and that are relevant to safety, but I don't have the time to read all of these papers given all the other alignment work I read, especially since I don't personally work in these areas and so often find it hard to summarize them or place them in the appropriate context. Dan on the other hand has written many such papers himself and generally knows the area, and so will likely do a much better job than I would. I recommend you subscribe, especially since I'm not going to send a link to each MLSN in this newsletter.       TECHNICAL AI ALIGNMENT TECHNICAL AGENDAS AND PRIORITIZATION Selection Theorems: A Program For Understanding Agents (John Wentworth) (summarized by Rohin): This post proposes a research area for understanding agents: selection theorems. A selection theorem is a theorem that tells us something about agents that will be selected for in a broad class of environments. Selection theorems are helpful because (1) they can provide additional assumptions that can help with learning human values, and (2) they can tell us likely properties of the agents we build by accident (think inner alignment concerns). As an example, coherence arguments demonstrate that when an environment presents an agent with “bets” or “lotteries”, where the agent cares only about the outcomes of the bets, then any “good” agent can be represented as maximizing expected utility. (What does it mean to be “good”? This can vary, but one example would be that the agent is not subject to Dutch books, i.e. situations in which it is guaranteed to lose resources.) This can then be turned into a selection argument by combining it with something that selects for “good” agents. For example, evolution will select for agents that don't lose resources for no gain, so humans are likely to be represented as maximizing expected utility. Unfortunately, many coherence arguments implicitly assume that the agent has no internal state, which is not true for humans, so this argument does not clearly work. As another example, our ML training procedures will likely also select for agents that don't waste resources, which could allow us to conclude that the resulting agents can be represented as maximizing expected utility, if the agents don't have internal state. Coherence arguments aren't the only kind of selection theorem. The good(er) regulator theorem (AN #138) provides a set of scenarios under which agents learn an internal “world model”. The Kelly criterion tells us about scenarios in which the best (most selected) agents will make bets as though they are maximizing expected log money. These and other examples are described in this followup post. The rest of this post elaborates on the various parts of a selection theorem, and provides advice on how to make original research contributions in the area of selection theorems. Another followup post describes some useful properties for which the author expects there are useful selections theorems to prove.   Rohin's opinion: People sometimes expect me to be against this sort of work, because I wrote Coherence arguments do not imply goal-directed behavior (AN #35). This is not true. My point in that post is that coherence arguments alone are not enough, you need to combine them with some other assumption (for example, that there exists some “resource” over which the agent has no terminal preferences). I do think it is plausible that this research agenda gives us a better picture of agency that tells us something about how AI systems will behave, or something about how to better infer human values. While I am personally more excited about studying particular development paths to AGI rather than more abstract agent models, I do think this research would be more useful than other types of alignment research I have seen proposed.       OTHER PROGRESS IN AI MISCELLANEOUS (AI) State of AI Report 2021 (Nathan Benaich and Ian Hogarth) (summarized by Rohin): As with past (AN #15) reports (AN #120), I'm not going to summarize the entire thing, and instead you get the high-level themes that the authors identified: 1. AI is stepping up in more concrete ways, including in mission critical infrastructure. 2. AI-first approaches have taken biology by storm (and we aren't just talking about AlphaFold). 3. Transformers have emerged as a general purpose architecture for machine learning in many domains, not just NLP. 4. Investors have taken notice, with record funding this year into AI startups, and two first ever IPOs for AI-first drug discovery companies, as well as blockbuster IPOs for data infrastructure and cybersecurity companies that help enterprises retool for the AI-first era. 5. The under-resourced AI-alignment efforts from key organisations who are advancing the overall field of AI, as well as concerns about datasets used to train AI models and bias in model evaluation benchmarks, raise important questions about how best to chart the progress of AI systems with rapidly advancing capabilities. 6. AI is now an actual arms race rather than a figurative one, with reports of recent use of autonomous weapons by various militaries. 7. Within the US-China rivalry, China's ascension in research quality and talent training is notable, with Chinese institutions now beating the most prominent Western ones. 8. There is an emergence and nationalisation of large language models.   Rohin's opinion: In last year's report (AN #120), I said that their 8 predictions seemed to be going out on a limb, and that even 67% accuracy woud be pretty impressive. This year, they scored their predictions as 5 “Yes”, 1 “Sort of”, and 2 “No”. That being said, they graded “The first 10 trillion parameter dense model” as “Yes”, I believe on the basis that Microsoft had run a couple of steps of training on a 32 trillion parameter dense model. I definitely interpreted the prediction as saying that a 10 trillion parameter model would be trained to completion, which I do not think happened publicly, so I'm inclined to give it a “No”. Still, this does seem like a decent track record for what seemed to me to be non-trivial predictions. This year's predictions seem similarly "out on a limb" as last year's. This year's report included one slide summaries of many papers I've summarized before. I only found one major issue -- the slide on TruthfulQA (AN #165) implies that larger language models are less honest in general, rather than being more likely to imitate human falsehoods. This is actually a pretty good track record, given the number of things they summarized where I would have noticed if there were major issues.       NEWS CHAI Internships 2022 (summarized by Rohin): CHAI internships are open once again! Typically, an intern will execute on an AI safety research project proposed by their mentor, resulting in a first-author publication at a workshop. The early deadline is November 23rd and the regular deadline is December 13th.

Quantum Tech Pod
Quantum Tech Pod Episode 10: Eddy Zervigon, CEO QuantumXchange

Quantum Tech Pod

Play Episode Listen Later Oct 20, 2021 30:18


(IQT.QuantumTechPod) Host Chris Bishop, today interviews Eddy Zervigon, CEO QuantumXchange. Eddy Zervigon is a seasoned senior executive with extensive operational, restructuring, and turnaround experience. Throughout his career in investment banking and corporate advisory, Zervigon has amassed an impressive track-record working with management teams to craft, refine, and execute winning business plans; hire highly effective teams; and lead successful investment monetization via sale or IPO. IQT hopes that our conversation with Eddy Zervigon, CEO QuantumXchange will make this an interesting, informative and worthwhile talk for you.

OIS Podcast
Finding and Funding Assets in Retina, from OIS Retina@ASRS

OIS Podcast

Play Episode Listen Later Oct 20, 2021 41:57


You've got a game-changing product. They want to back innovators like you. What's the secret to a happy marriage? More importantly, how to you get a first date?Recorded during OIS Retina@ASRS in San Antonio, Texas, five pharma and finance leaders discuss their current areas of interest, how to secure crucial series A funding, and what's on the verge of disruption.Tune in today to discover:What's hot in retina: Dr. Guerard believes multiple compounds can co-exist in the market. A researcher with a great science-backed idea may only need five to ten percent of the market share to build a valuable company. Think niche markets like uveitis; a delivery model for anti-VEGF therapies that lowers patient burden, and gene therapies with clear targets and strong preclinical studies.Advice for early-stage companies: It takes more than great technology to secure funding. Entrepreneurs must have a well-planned roadmap and a solid team, Menzo says. What should that roadmap include? Tune in.Advice for later-stage companies: Dr. Guerard discusses the area where most startups fall short, while Dr. Rahhal advises on how to move to the next inflection point.Other topics covered:How and when to go public? SPAC or reverse merger or IPO?Corporate partnerships: how do you use regional partnerships as funding vehicles and to successfully navigate complex regulatory and reimbursement environments?What's the next disruptor in retina?The podcast lineup includes:Emmett T. Cunningham Jr., MD, PhD, MPH, senior managing director at Blackstone Life Sciences (moderator)Fred Guerard, PharmD, CEO of Graybug VisionTsuyoshi (Josh) Chiwata, director of venture management for Santen VenturesAndrew Liu, vice president of global corporate development for Chengdu Kanghong Pharmaceutical GroupJason Menzo chief operating officer for Foundation Fighting BlindnessFiras M. Rahhal, MD, a partner at ExSight Ventures, senior partner at Retina-Vitreous Associates Medical Group in Los Angeles, and associate clinical professor of ophthalmology at UCLA Geffen School of MedicineHit “Play” to Listen.

CFO Weekly
SPACs & The Future of the Finance Function w/ Drew Hamer

CFO Weekly

Play Episode Listen Later Oct 20, 2021 32:16


SPACs provide companies with another tool to ensure liquidity and create valuable shareholder returns. But if you are considering this route over an IPO, there are some things you need to keep in mind to ensure a smooth process. Drew Hamer, Chief Financial Officer at Velodyne Lidar, Inc., joins the show to explain how SPACs work and why they are here to stay. In this episode, we discuss: - The benefits of going the SPAC route - Technology needed to be ready for the future - Where to start when centralizing processes For more interviews from the CFO Weekly podcast, check us out on Apple, Spotify, or your favorite podcast player! Presented by Personiv https://insights.personiv.com/cfo-weekly

Numbers by Barron's
Bitcoin Rises 4.5%

Numbers by Barron's

Play Episode Listen Later Oct 20, 2021 3:43


The first U.S. Bitcoin futures exchange-traded fund has its first day of trading. A preview of Rent the Runway's IPO. Plus, Procter & Gamble will be hit by commodity and freight costs. Host: Shaina Mishkin. Producer: Katie Ferguson. Learn more about your ad choices. Visit megaphone.fm/adchoices

DFS On Demand
ZOZO Championship Jock MKT Power Hour LIVE REPLAY!

DFS On Demand

Play Episode Listen Later Oct 20, 2021 55:35


Sign Up & Play: http://codes.jockmkt.co/landing/POWER Join Rick Gehman and Joe Idone as they analyze the Jock MKT for the ZOZO Championship. The IPO phase will close during the Live Show, so have your bids ready! Use code "POWER" for a deposit bonus. Golf Vlog: http://www.bit.ly/3mhEQze _______________ My Twitter: https://twitter.com/RickRunGood​ My Instagram: https://www.instagram.com/rickgehman/​ Merch: http://www.RunGoodStore.com​ Newsletter: https://rickrungood.substack.com/  Visit RickRunGood.com/Bets for best offers in your state for Caesars, BetMGM, and BetRivers Sportsbooks. Resources Determine Your 6/6 Number: https://cutsweats.com/ Most Profitable Way To Bet Golf: https://youtu.be/_pGNx1N1AGc​ Mistakes to Avoid: https://youtu.be/RDIktHmfkt4​ Golf Stats: http://www.rickrungood.com/​ _______________ All RickRunGood Versions: Video: http://bit.ly/2LJTT0P​ Audio: http://bit.ly/2LJTprw​ iTunes: https://apple.co/2LDxLVy​ Spotify: https://spoti.fi/2YF3rm4​ Stitcher: http://bit.ly/2LDxNwE​ Castbox: http://bit.ly/2LPq5j8​ TuneIn: http://bit.ly/2YxRDCh​ Radio Public: http://bit.ly/31dtU86​ iHeart Radio: https://ihr.fm/2LJT0W2​ First Cut Podcast: https://plnk.to/TheFirstCut​ #ZOZOChampionship #AccordiaGolfNarashinoCountryClub #FantasyGolf #PGA​ #OneAndDone ​#RickRunGood​​ #PGATour​ #DraftKings​ #Golf​ #JockMKT Gambling problem? Call 1-800-GAMBLER (NJ/PA/IL), 1-800-9-WITH-IT (IN only), 1-800-BETS-OFF (IA only), 1-800-522-4700 (CO Only), TN REDLINE: 800-889-9789 or 1-888-532-3500 (VA only).

Google Cloud Platform Podcast
Google Cloud Next Data, Analytics, and AI Launches with Eric Schmidt and Bruno Aziza

Google Cloud Platform Podcast

Play Episode Listen Later Oct 20, 2021 35:21


Mark Mirchandani is back this week with cohost Bukola Ayodele. We’re talking with Eric Schmidt and Bruno Aziza about all the awesome new analytics, data, and AI launches from last week’s Google Cloud Next conference. Our guests start the show outlining the challenges clients face when storing, organizing, and analyzing data in the cloud. These needs have inspired Google solutions that focus on simplifying data management for customers. Next announcements like BigQuery Omni, which helps customers achieve full data visibility with cross-cloud analytics, and DataPlex, which facilitates data management at scale, will change the way companies think about their data. BigQuery integration with AppSheets and the new Cloud Looker LookML let customers build once and access from anywhere. The new Looker and Tableau integration revolutionizes the use of the semantic model in Tableau, allowing things like company-established data governance and the Looker Blocks ecosystem to pull into Tableau analysis. New Looker Blocks specifically targeted to the healthcare industry were also introduced at Next. We talk about the ML announcements including Vertex AI Workbench, a fully-managed service used for data exploration aimed at simplifying the workloads of data engineers. Serverless Spark on Google Cloud shares these goals by making performance tuning, scaling, infrastructure provisioning, and other tasks fully-managed. The new PostgreSQL interface for Spanner lets clients use tools already developed in PostgreSQL while leveraging the global scaling and other benefits of Spanner. Bruno and Eric share some favorite customer stories as we wrap up this week’s episode. Albertson’s, Renault, and others have interesting data journeys on Google Cloud and our listeners can learn more in the YouTube series hosted by Bruno. Eric Schmidt Eric is the the Head of Advocacy for Data Analytics at Google and has been at Google for almost eight years. Previously, he was with Microsoft, where he led Advocacy and Evangelism there, too. He focuses on products like BigQuery, Dataflow, Dataproc and leads a team of advocates who help customers turn data into value. In his downtime, Eric is a DJ at 90.3 KEXP here in Seattle or online at kexp.org where he focuses on global music culture. You can find Eric on Twitter. His handle is “not that eric” - not to be confused with the ‘other Eric Schmidt' here at Google. In fact, internally, people affectionately call him “cloud E”. Bruno Aziza Bruno is the Head of Data & Analytics at Google Cloud. He specializes in everything data, from data analytics, to business intelligence, data science, and artificial intelligence. Before working at Google, he worked at companies like Business Objects when it went IPO and Oracle, where his team led a big turnarounds in the business analytics industry. Bruno also had the opportunity to help launch startups like Alpine Data (now part of Tibco). Sisense and AtScale and helped Microsoft grow its Data unit into a $1B business. He has been educated in the US, France, the UK, and Germany and has written two books on Data Analytics and Performance Management. In his spare time, Bruno writes a monthly column on Forbes.com on everything Data, AI and Analytics. Cool things of the week Next Reaction: Security and zero-trust announcements blog Next Reaction: New Data Cloud launches blog Next Reaction: Making multicloud easier for all blog Next Reaction: Features to reduce IT carbon emissions and build climate-related solutions blog Next Reaction: Monitor your conversations, get started with CCAI Insights blog Interview GCP Podcast Episode 266: Data Analytics Launches with Bruno Aziza and Eric Schmidt podcast BigQuery site Bringing multi-cloud analytics to your data with BigQuery Omni blog Google Cloud Next—Day 1 livestream - WalMart video Dataplex site AppSheet site Cloud Looker LookML site Tableau site Vertex AI site Vertex AI Workbench site TensorFlow site Apache Spark on Google Cloud site New PostgreSQL Interface makes Cloud Spanner's scalability and availability more open and accessible blog PostgreSQL site Cloud Spanner site Google Earth Engine site Google Maps Platform site Inside Industry Data Management 4.0 at Renault site Chess.com site Google Next Opening Keynote site Data Journeys with Bruno Aziza videos Cloud Next Catalog site Bruno’s Cloud Next Playlist videos Cloud Next Data Analytics Playlist videos Bruno on Linkedin site Lak on Twitter site What’s something cool you’re working on? Bukola is working on the Click to Deploy video series.

Industry Focus
CG: Is NerdWallet Worth $5 Billion?

Industry Focus

Play Episode Listen Later Oct 19, 2021 26:52


Personal finance site NerdWallet has filed a prospectus to go public, with reports indicating it could seek up to a $5 billion valuation. What should investors think about this business model? Join Asit Sharma and Emily Flippen as they discuss another upcoming IPO. Check out more of our content here: Podcasts Youtube Twitter Reach us by Email @ IndustryFocus@fool.com

Rob Black & Your Money
THE ROB BLACK SHOW OCTOBER 19TH

Rob Black & Your Money

Play Episode Listen Later Oct 19, 2021 36:24


Rob talks about a record number of IPOs and the battle of video games  See omnystudio.com/listener for privacy information.

News Updates from The Oregonian
Oregon sees big increase in Death With Dignity use in 2020

News Updates from The Oregonian

Play Episode Listen Later Oct 19, 2021 3:46


Third person dies months after July 4th apartment fire in Portland. Oregon to see first tech IPO since 2004. Oregon expected to hit herd immunity against Delta variant in late December See acast.com/privacy for privacy and opt-out information.

Startup for Startup ⚡ by monday.com
134 : סדרת IPO 06 - השלב האחרון בתהליך ההנפקה: רואדשואו

Startup for Startup ⚡ by monday.com

Play Episode Listen Later Oct 19, 2021 54:00


מה זה רואדשואו? איך קובעים את השווי לפיו מנפיקים חברה? ואיך בוחרים את המשקיעים הראשונים? זה הפרק השישי בסדרה שלנו על הנפקה, ואחרי שבפרקים הקודמים סקרנו את האירועים המרכזיים על פני ציר הזמן, דיברנו על השחקנים שחשוב להכיר בתהליך וענינו על שאלות בסיסיות בתהליך - הגענו לחלק האחרון במסע הזה. החלק הזה הוא הרואדשואו, שמסתיים קביעה של שווי החברה ובהרכבת הבוק - בחירת המשקיעים. השבוע, ליאור קרנכל מדברת עם ערן זינמן ורועי מן, מנכ״לים ומייסדים-שותפים, ועם אלירן גלזר, סמנכ״ל הכספים במאנדיי, על השלב האחרון - והכל כך אינטנסיבי ומשמעותי הזה. הם מדברים על התובנות שאספו משמונה ימים שבהם עורכים בכל יום בין 7 ל-10 פגישות עם משקיעים, על השיקולים שמאחורי קביעת השווי של החברה, ועל הדרך לשמור על אוויר בתוך ימים כל כך עמוסים. ---  פרקים נוספים בנושא:  122: סדרת IPO 01 - מה כדאי לדעת על תהליך ההנפקה?  125: סדרת IPO 02 - מתל אביב עד נאסד״ק - איך נראה תהליך הנפקה (חלק 1)   126: סדרת IPO 03 - מתל אביב עד נאסד״ק - איך נראה תהליך הנפקה (חלק 2)  127: סדרת IPO 04 - על השחקנים המרכזיים בתהליך ההנפקה  133: סדרת IPO 05 - למה בחרנו לערב את כל העובדים בתהליך ההנפקה  --- מוזמנים להצטרף אל קבוצת הפייסבוק שלנו ולהמשיך את השיח - www.facebook.com/groups/startupforstartup/ ניתן למצוא את כל הפרקים ותכנים נוספים באתר שלנו -   https://www.startupforstartup.com/   See omnystudio.com/listener for privacy information.

Interviews
Samuele Murtinu: How Low Time Preference Elevates the Investment Returns of Family Corporate Venture Capital

Interviews

Play Episode Listen Later Oct 19, 2021


Family businesses play a major role in the US economy. According to the Conway Center, family businesses comprise 90% of the business ventures in the US, generate 62% of the employment in the nation, and deliver 64% of US GDP. And, they're good at venture capital. Samuele Murtinu, Professor of Law, Economics, and Governance at Utrecht University, visits the Economics For Business podcast to share the findings and insights (see Mises.org/E4B_140_PDF) from his very recent analysis of venture capital databases. Key Takeaways and Actionable Insights Corporate venture capital is a special animal. There are many types of venture capital. Professor Murtinu focused first on the distinction between traditional or independent venture capital (IVC) and corporate venture capital (CVC). Independent venture capital funds are structured with a general partner in the operational, decision-making role, and investors in the role of limited partner. Corporate venture capital funds are fully owned and managed by their parent corporation. The CEO or CFO of the corporation typically appoints a corporate venture capital manager, who selects targets, conducts due diligence and so on from a subordinate position in the corporate hierarchy. The important difference between IVC and CVC lies in objectives and goals. IVC goals are purely financial — the highest capital gain in the shortest possible time. CVC funds often have strategic goals in addition to, or substituting for, financial goals. These strategic goals might include augmenting internal R&D capabilities and performance, and accessing new technologies and new innovations, or entering new markets. Another form of CVC licenses patented technologies to startups in cases where the corporate firm does not have the capacity to exploit the IP, but can oversee the implementation at the startup with a view to further future investment or acquisition. This is the method of Microsoft's IP Ventures arm, for example. Typically, IVC investments are easy to measure against financial performance benchmarks or targets. CVC's strategic investments are harder to measure. Goals such as technology integration are too non-specific to measure, and normal VC guardrails like specified duration of investments are not typically in place and so can't be used as benchmarks. On the other hand, CVC investments often expand beyond the financial into strategic support via corporate assets such as brand, sales and distribution channels and systems. Corporate venture capital out-performs traditional venture capital in overall economic performance. Professor Murtinu's performance metric in his data analysis was total factor productivity — performance over and above what's attributable to the additions to capital and labor inputs. IVC's performance for its investments was measured in the +40% range, and CVC's was measured at roughly +50%. IVC performs better in the short term, while CVC performs better in the longer term. This difference reflects the lower time preference of CVC. It extends to IPO's: corporate venture capital funds stay longer in the equity capital of their portfolio companies in comparison to independent venture capital. Family CVC is another animal again — and even higher performing than non-family CVC. Professor Murtinu separated out family-owned firms (based on a percentage of equity held) with corporate venture capital funds for analysis. Some of his findings include: They prefer to maintain longer and more stable involvement in the companies in which they invest.They prefer to maintain control over time (as opposed to exiting for financial gain).They look to gains beyond purely financial returns, including technology acquisition / integration into the parent company and/or learning new processes.They are more likely to syndicate with other investors, for purposes of portfolio risk mitigation.They target venture investments that are “close to home” both in geographic terms and in terms of industries closely related to their core business. The resultant outcomes are superior: a higher likelihood of successful exits (IPO or sale to another entity), and a greater long term value effect on the sold company after the IPO or exit. Further, there is evidence from the data of a higher innovation effect for Family CVC holdings, as measured by the post-exit value of the patent portfolio held by the ventures. Family CVC is resilient in economic downturns. During the last economic downturn, family CVC invested at double the amount of corporate venture capital, reflecting family businesses' preference for long-term investing and for control. The lower time preference of family businesses and family CVC is crucial for the achievement of superior financial performance, especially in the longer term. Family CVC's lower time preference and longer investment time horizons result in beneficial effects. Ownership in the venture companies is more stable, and the value effect after IPO (when family CVC stability continues because these funds stay in the post-IPO company longer) is significant. Professor Murtinu relates this phenomenon to Austrian economics. The longer time horizon permits a closer relationship between investor and entrepreneur — it develops over time — and their subjective judgment about the future state become more aligned. Frictions and information asymmetries are reduced, and a shared view of the future emerges. This stability can scale up to the industry level and national level when there are more family CVC funds at work. Instead of pursuing unicorns and gazelles, an environment more conducive to duration and resilience is created. Additional Resources "Types of Venture Capital" (PDF): Mises.org/E4B_140_PDF "Families In Corporate Venture Capital" by Samuele Murtinu, Mario Daniele Amore, and Valerio Pelucco (PDF): Mises.org/E4B_140_Paper

Mises Media
Samuele Murtinu: How Low Time Preference Elevates the Investment Returns of Family Corporate Venture Capital

Mises Media

Play Episode Listen Later Oct 19, 2021


Family businesses play a major role in the US economy. According to the Conway Center, family businesses comprise 90% of the business ventures in the US, generate 62% of the employment in the nation, and deliver 64% of US GDP. And, they're good at venture capital. Samuele Murtinu, Professor of Law, Economics, and Governance at Utrecht University, visits the Economics For Business podcast to share the findings and insights (see Mises.org/E4B_140_PDF) from his very recent analysis of venture capital databases. Key Takeaways and Actionable Insights Corporate venture capital is a special animal. There are many types of venture capital. Professor Murtinu focused first on the distinction between traditional or independent venture capital (IVC) and corporate venture capital (CVC). Independent venture capital funds are structured with a general partner in the operational, decision-making role, and investors in the role of limited partner. Corporate venture capital funds are fully owned and managed by their parent corporation. The CEO or CFO of the corporation typically appoints a corporate venture capital manager, who selects targets, conducts due diligence and so on from a subordinate position in the corporate hierarchy. The important difference between IVC and CVC lies in objectives and goals. IVC goals are purely financial — the highest capital gain in the shortest possible time. CVC funds often have strategic goals in addition to, or substituting for, financial goals. These strategic goals might include augmenting internal R&D capabilities and performance, and accessing new technologies and new innovations, or entering new markets. Another form of CVC licenses patented technologies to startups in cases where the corporate firm does not have the capacity to exploit the IP, but can oversee the implementation at the startup with a view to further future investment or acquisition. This is the method of Microsoft's IP Ventures arm, for example. Typically, IVC investments are easy to measure against financial performance benchmarks or targets. CVC's strategic investments are harder to measure. Goals such as technology integration are too non-specific to measure, and normal VC guardrails like specified duration of investments are not typically in place and so can't be used as benchmarks. On the other hand, CVC investments often expand beyond the financial into strategic support via corporate assets such as brand, sales and distribution channels and systems. Corporate venture capital out-performs traditional venture capital in overall economic performance. Professor Murtinu's performance metric in his data analysis was total factor productivity — performance over and above what's attributable to the additions to capital and labor inputs. IVC's performance for its investments was measured in the +40% range, and CVC's was measured at roughly +50%. IVC performs better in the short term, while CVC performs better in the longer term. This difference reflects the lower time preference of CVC. It extends to IPO's: corporate venture capital funds stay longer in the equity capital of their portfolio companies in comparison to independent venture capital. Family CVC is another animal again — and even higher performing than non-family CVC. Professor Murtinu separated out family-owned firms (based on a percentage of equity held) with corporate venture capital funds for analysis. Some of his findings include: They prefer to maintain longer and more stable involvement in the companies in which they invest.They prefer to maintain control over time (as opposed to exiting for financial gain).They look to gains beyond purely financial returns, including technology acquisition / integration into the parent company and/or learning new processes.They are more likely to syndicate with other investors, for purposes of portfolio risk mitigation.They target venture investments that are “close to home” both in geographic terms and in terms of industries closely related to their core business. The resultant outcomes are superior: a higher likelihood of successful exits (IPO or sale to another entity), and a greater long term value effect on the sold company after the IPO or exit. Further, there is evidence from the data of a higher innovation effect for Family CVC holdings, as measured by the post-exit value of the patent portfolio held by the ventures. Family CVC is resilient in economic downturns. During the last economic downturn, family CVC invested at double the amount of corporate venture capital, reflecting family businesses' preference for long-term investing and for control. The lower time preference of family businesses and family CVC is crucial for the achievement of superior financial performance, especially in the longer term. Family CVC's lower time preference and longer investment time horizons result in beneficial effects. Ownership in the venture companies is more stable, and the value effect after IPO (when family CVC stability continues because these funds stay in the post-IPO company longer) is significant. Professor Murtinu relates this phenomenon to Austrian economics. The longer time horizon permits a closer relationship between investor and entrepreneur — it develops over time — and their subjective judgment about the future state become more aligned. Frictions and information asymmetries are reduced, and a shared view of the future emerges. This stability can scale up to the industry level and national level when there are more family CVC funds at work. Instead of pursuing unicorns and gazelles, an environment more conducive to duration and resilience is created. Additional Resources "Types of Venture Capital" (PDF): Mises.org/E4B_140_PDF "Families In Corporate Venture Capital" by Samuele Murtinu, Mario Daniele Amore, and Valerio Pelucco (PDF): Mises.org/E4B_140_Paper

What The Flux
Aussie pokies machine maker bids $3.9B | Saks Fifth Ave ecomm IPO worth over $8B? | Afterpay-owner Square wants to build bitcoin mining system

What The Flux

Play Episode Listen Later Oct 18, 2021 5:44


Aussie pokies machine maker Aristocrat Leisure wants to expand its market dominance and has made a $3.9B bid for a UK online gambling and content supplier.   The ecommerce division of Saks Fifth Avenue is preparing for its IPO - and it could value the company at over $8B.   Square, the new owner of Afterpay, is looking to build its own bitcoin mining system.   ---   October = Credit Score Restore Month: https://bit.ly/2Yuxu1F Save money and win cash prizes up to $250k weekly: https://www.flux.finance/win-the-week Get your credit score for free: https://bit.ly/fluxcreditscore Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play Store): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Instagram: http://bit.ly/fluxinsta TikTok: https://www.tiktok.com/@flux.finance   ---   The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes. See omnystudio.com/listener for privacy information.

Equity
Equity Monday: Welcome to bigtech hardware week

Equity

Play Episode Listen Later Oct 18, 2021 8:21


This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here. I also tweet.This week, the week of October 18, 2021, kicked off with a mixed markets picture. Asian stocks were mixed, down in Europe, and set to fall in the United States. China remains a concern.There are hardware events this week from Apple, Samsung and Google. Along with earnings from Netflix, IBM, and Qualtrics.Amazon is in hot water with American regulators, China may force its tech giants to allow for cross-platform search, and Facebook wants to hire lots of Europeans.From startup-land, Enpal landed a huge dollop of cash for its solar work, while OfficeRnD made bets on a hybrid working future. Notes to come shortly on the Expensify IPO filing.The show is back on Wednesday! Chat then!

Accounting Matters
IPO Accounting & Reporting: Common Potholes, Detours & Road Hazards

Accounting Matters

Play Episode Listen Later Oct 17, 2021 40:35


Whether you're following a traditional path or an alternative one like a SPAC, the IPO road is filled with twists, turns, and new responsibilities, especially around accounting and reporting. So join hosts Adam Olsen, Sarah Cage Richter, and Embark's Dallas Market President Jason Larkin for an overview of some of the more complex and challenging areas you should prepare for, including: Segment reporting Earnings per share (EPS) Non-GAAP measures Management discussion and analysis (MD&A) Business combinations & pro forma information Stock-based compensation and “cheap stock” Comment letter process For more information on IPO accounting and reporting considerations: Going Public: The Pre-IPO Timeline IPO Readiness: Accounting Challenges You May Face When Going Public Assembling the Teams & Advisors You Need When Preparing for an IPO Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Afrobility: Africa Tech & Business
#40: Fawry: How the Egyptian payments platform became one of the largest Tech companies in Africa

Afrobility: Africa Tech & Business

Play Episode Listen Later Oct 17, 2021 107:24


Overview: Today, we're going to talk about Fawry - the Egyptian payments platform. We'll explore the Fawry story across 6 areas: Egypt context Founding and early history Fundraising & Growth Product & monetization strategy Competitive positioning Overall outlook. This episode was recorded on October 17, 2021 Companies discussed: Fawry, Egypt National Post Office (ENPO), Helios Investment Partners, Raya Holding, Technology Development Fund (Ideavelopers), Arab African International Bank, HSBC, Alexbank, Banque Misr, Ebtiikar, Khales, Bee, Masary, Meeza, elmenus & Cashi (alsoug). Business concepts discussed: Payments Platforms, IPOs, Startup incubation, African conglomerates DFI (Development Finance Institutions) & FinTech monetization strategy / Personal Finance OS Conversation highlights: (01:20) - Fawry context (04:00) - Egypt context, startups, financial inclusion (20:59) - Ashraf Sabry background (26:38) - Fawry founding and early history (33:15) - Fundraising and early growth (42:38) - Fawry IPO (52:40) - Product strategy - products offered, UX (1:02:26) - Monetization strategy (1:07:30) - Competition in Egypt (1:15:07) - Olumide's overall thoughts and outlook (1:23:45) - Bankole's overall thoughts and outlook (1:33:00) - Recommendations and small wins Olumide's recommendations & small wins: Recommendation: Chris Sacca on 20 Minute VC - Wow. Chris Sacca is amazing. I can listen to him talk for hours. Recommendation: Ben Horowitz - What You Do Is Who You Are. Great book about how to think about the tradeoffs when creating culture in a company. Has some awesome stories. Recommendation: Acquired episode on Oprah - Spoke about Oprah's legendary story. Wow Small win: Got ticket to Wizkid show later tonight in Miami. Good times Bankole's recommendations & small wins: Recommendation: Kanye West 2013 interview on Breakfast Club, Wizkid - Anoti & Keychron K2 Mechanical Keyboard Small win: Had crypto-curious friends over for dinner and now I'm crypto-curious Listeners: We'd love to hear from you. Email info@afrobility.com with feedback! Founders: We'd love to hear about what you're working on, email us at info@afrobility.com Investors: We'd also love to link up with you to drive the ecosystem forward. Contact us at info@afrobility.com Join our insider mailing list where we get feedback on new episodes & find all episodes at Afrobility.com

Media Captain Digital Marketing Podcast
56: More Page 1 Ranking for Businesses?

Media Captain Digital Marketing Podcast

Play Episode Listen Later Oct 17, 2021 17:49


What are heading tags and why are they so important for SEO? Google announced that mobile users will now have continuous scroll in search results. We're proud of the new moss wall art we had installed in our conference room! When it comes to your social media strategy, stories add a great personal touch. If you're looking to garner more reviews for your local business, I recommend looking into GatherUp. We dive into the key local SEO ranking factors that move the needle with your GMB page. What is Google My Business keyword stuffing and why is it against Google's guidelines? Holiday retail sales and eCommerce sales are expected to surge in 2021 vs. 2020. How much money did Joe Montana make off GitLab's recent IPO? Which YouTube star rented a $43,000 mansion in Los Angeles to record video content? What are internal links and why are they so important for SEO?

Wall Street Breakfast
Wall Street Breakfast October 17: Tesla, Netflix And Intel Headline Huge Week Of Earnings

Wall Street Breakfast

Play Episode Listen Later Oct 17, 2021 11:30


Our weekend preview of upcoming IPOs, earnings reports, conference presentations, investor days, IPO lockup expirations, FDA decisions, Barron's mentions, our single stock focus - Revance Therapeutics - and other key events that could impact stocks. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Cloudcast
Technical Debt isn't Free

The Cloudcast

Play Episode Listen Later Oct 17, 2021 17:36


While many computing systems mirror systems in nature, one aspect that doesn't is technical debt. The majority of spending is maintaining the existing systems, and yet very little attention is paid to how to reduce the on-going costs. SHOW: 558CLOUD NEWS OF THE WEEK - http://bit.ly/cloudcast-cnotwCHECK OUT OUR NEW PODCAST - "CLOUDCAST BASICS"SHOW SPONSORS:phoenixNAP websitephoenixNAP Bare Metal Cloud PlatformCBT Nuggets: Expert IT Training for individuals and teamsSign up for a CBT Nuggets Free Learner account SHOW NOTES:Fall Colors in NC MountainsSuccession Session 3 (HBO)GitLab goes IPO  IN NATURE, THE FALL BEGINS THE PROCESS OF RESETTINGIn many parts of the world, Fall (or Autumn) gives us a last glimpse of the beauty of nature, but then it resets for another cycle of recuperation and regeneration. This is one of the aspects of nature that the tech industry doesn't seem to emulate in their systems. WE ACCEPT RESETS AND CHANGES ALL AROUND US, EXCEPT IN ITWhy don't we create “life cycles” on commonly deployed systems? Why don't we prepare people for resets and “leap forwards” better?Why isn't there a part of our industry that attempts to innovate in this space, rather than just shift it to another party as “someone else's problem”?Why do we assume the same needs (support, uptime, etc.) of the technical debt as we do the new things we build to replace it?FEEDBACK?Email: show at the cloudcast dot netTwitter: @thecloudcastnet

Equity
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Equity

Play Episode Listen Later Oct 16, 2021 18:29


In today's episode, talk our way through some big breaking news from the technology world so that we can better understand just what is going on.Danny and Alex got together late Friday on a Twitter Space to discuss Microsoft's decision to pull LinkedIn from the Chinese market, a move that lit up headlines around the world. That LinkedIn was still in China in 2021 may feel more surprising than the news that it will exit that particular market, but the moment matters all the same as it marks the end of an experiment -- could a mega-tech company have a US HQ and a first-party service live in China?Er, no, it turns out. Not really.Microsoft found itself jammed between its own ethics, and governmental censure. It was a lose-lose for the company, so pulling the plug was the smart move. The company isn't going to miss the revenue.For startups, the Microsoft decision is a good reminder that doing business in China is at a minimum very hard for non-Chinese companies, and perhaps impossible. Recall that Microsoft had to work with a Chinese company (21Vianet) to get Azure into the country at all, and that the Chinese government is using a few companies to build a new OS for the country so that it can replace Windows.Precisely how good that OS will prove is not yet clear, at least from a consumer perspective.And then we riffed on GitLab's IPO. My favorite topic of the week. You'll see why it came up when you hit play. Chat Monday!

The Official SaaStr Podcast: SaaS | Founders | Investors
SaaStr 485: Hyperscaling Post-IPO with PagerDuty's CEO, Jennifer Tejada 

The Official SaaStr Podcast: SaaS | Founders | Investors

Play Episode Listen Later Oct 16, 2021 33:42


PagerDuty's CEO, Jennifer Tejada, and Sameer Dholakia, former CEO of SendGrid and current PagerDuty Board Member share what fellow founders can learn from PagerDuty's post-IPO reality, and the realities of operating as a public company, two years later. 

Snacks Daily

Ex-unicorn ClassPass was just acquired by MindBody because the future of working out could look like dining out. GitLab surged 35% on its IPO and it's so radically transparent that they let the competition crash their meetings. And America is living through a Super Strike because you're making more dough, but what's the price of bread? $GTLB $DE Got a SnackFact? Tweet it @RobinhoodSnacks @JackKramer @NickOfNewYork Want a shoutout on the pod? Fill out this form: https://forms.gle/KhUAo31xmkSdeynD9 Got a SnackFact for the pod? We got a form for that too: https://docs.google.com/forms/d/e/1FAIpQLSe64VKtvMNDPGSncHDRF07W34cPMDO3N8Y4DpmNP_kweC58tw/viewform Learn more about your ad choices. Visit podcastchoices.com/adchoices

The Clip Out
229: Rebecca Kennedy & Andy Speer make it 'Facebook Official' plus our interview with Marcy Bullock

The Clip Out

Play Episode Listen Later Oct 15, 2021 81:01


Rigsby returns to the ballroom on DWTS. Rebecca Kennedy & Andy Speer are Instagram-official. Olivia Amato partners with Puma. Shape Magazine talks to Olivia Amato. The Lily spotlights Robin Arzon. Robin Arzon makes the cover of Parents Latina. Susie Chan gives us a video guide to Tread workouts. Ocean Drive features Camila Ramon. Dr. Jenn - What to do when you're ashamed of your Peloton stats? You can now get text updates from Peloton. Peloton now limits the number of profiles account holders can create. The Fall schedule has been released. John Foley drops by a Peloton store and helps the sales team. Maid on Netflix was created by a Peloton member - Stephanie Land. Peloton partners with David Jones department stores in Australia. KeyCorp changes Peloton's stock price target. Angelo joins us to discuss the best sugar substitute. Past guest updates on CJ Albertson, Howie Godnick, Susie Beris, and Paul Bradley. Peloton teams up with Usher for dance cardio. Tonal teams up with Lebron James. Connected Fitness companies are launching IPOs to mixed results. There's a new artist series with Bad Bunny (Again). Sundays With Love is back. Birthdays - past instructor Steven Little (10/18) All this plus our interview with Marcy Bullock! Love the show? Subscribe, rate, review, and share! Here's How » Join The Clip Out community today: theclipout.com The Clip Out Facebook The Clip Out Twitter The Clip Out Instagram

The Twenty Minute VC: Venture Capital | Startup Funding | The Pitch
20VC: Crowdstrike Founder, George Kurtz on Scaling to a $60Bn Market Cap, How to Acquire and Retain the World's Best Talent & The Right Way to View Competition in Today's Market?

The Twenty Minute VC: Venture Capital | Startup Funding | The Pitch

Play Episode Listen Later Oct 14, 2021 32:30


George Kurtz is the CEO and co-founder of CrowdStrike, a leading provider of next-generation endpoint protection, threat intelligence, and services. Prior to Crowdstrike's incredibly successful IPO in 2019, George raised funding from the likes of Accel, General Atlantic, CapitalG, IVP and Warburg Pincus to name a few. Before founding Crowdstrike, George spent close to 7 years at McAfee in roles such as Worldwide Chief Technology Officer and GM as well as EVP of Enterprise. Finally, before McAfee, George started Foundstone in 1999 leading them very successfully to their acquisition by McAfee in 2004.  In Today's Episode with George Kurtz You Will Learn: 1.) How George came to found Crowdstrike having been Worldwide CTO @ McAfee? How did the founding of his prior companies impact how George thought about the early days of Crowdstrike? What does George believe are the pros and cons of serial entrepreneurship? 2.) Funding: With the benefit of hindsight, how does George reflect on his approach to fundraising? How did what George needed from VCs change over time? How does George approach investor selection? Through what framework does George advise founders as the right way to construct their cap table? Where do many go wrong on investor selection? 3.) Talent Acquisition: What has enabled George to hire some of the best talent in the world? What is the right way to construct the hiring process to recruit the best? What does George mean when he says, "you cannot forget the spouse factor"? Why is cash a moat and important when it comes to talent acquisition? 4.) Leadership: How has George's style of leadership changed over time? What stage of leadership did George find the most challenging? How does George find being a public markets CEO? What elements does he enjoy the most? What does he enjoy the least? Why does George believe the company has been so well received by public markets? Item's Mentioned In Today's Episode with George Kurtz George's Favourite Book: Good to Great: Why Some Companies Make the Leap...and Others Don't

After Hours
Rivian Electric Vehicles, Duolingo, Gingko Bioworks, Moderna, Unicorn Valuations, Facebook, and More

After Hours

Play Episode Listen Later Oct 13, 2021 47:47


Youngme, Felix, and Mihir discuss the red hot IPO market, highlighting a few of the companies reflecting a “sign of the times” including: Rivian Automotive, Duolingo, and life science companies like Gingko Bioworks and Moderna. They also answer a few letters from listeners, including questions about the soaring valuations of private company unicorns, the latest Facebook scandal, and more. Recent picks, and recommended reading/websites: ·       Private Company Unicorns (Crunchbase) ·       Run for Office (Snapchat Mini) ·       Career and Family (Claudia Goldin) ·       Journey Across a Century of Women (Claudia Goldin) ·       How to Make Ppopgi (Honeycomb Candy, as featured in Squid Game)  We invite you to email your comments and ideas for future episodes to:  afterhours@hbs.edu.  You can also follow Youngme and Mihir on Twitter at: @YoungmeMoon and @DesaiMihirA.

Optimal Finance Daily
1678: How To Pay for College As An Adult by Alexa Mason with The College Investor on Money Management

Optimal Finance Daily

Play Episode Listen Later Oct 13, 2021 10:15


Alexa Mason of The College Investor offers advice for how to pay for college as an adult Episode 1678: How To Pay for College As An Adult by Alexa Mason with The College Investor on Money Management Robert Farrington is a personal finance expert that focuses on helping millennials get out of student loan debt and start investing for their future. He also helps parents make smart choices about college financing options and navigating the complex world of paying for school. He started The College Investor in 2009 as a forum to discuss the myriad of financial issues facing young adults. The original post is located here: https://thecollegeinvestor.com/19100/pay-college-adult/ Wish you were in early on some of the best performing IPOs of 2019 and 2020? OurCrowd investors were. And now you can join them in what's next. Join the fastest growing venture capital investment community at OurCrowd.com/OFD Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily

WeCrashed: The Rise and Fall of WeWork
Wondery Presents: Over My Dead Body - Fox Lake

WeCrashed: The Rise and Fall of WeWork

Play Episode Listen Later Oct 11, 2021 5:45


A small town cop is gunned down in a swamp in the summer of 2015. He quickly became a martyr in the national media, until a dogged investigator uncovered the officer's bizarre and dark past. When the truth comes out, the townspeople must reconcile betrayal, corruption and the secrets of an American hero. From Wondery, the makers of The Shrink Next Door and Dr. Death comes the third season of Over My Dead Body: Fox Lake.Listen to Over My Dead Body Fox Lake - wondery.fm/FL_WeCrashedSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.