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The latest Fed minutes show a deeply divided committee but a clear signal: no December rate cut is coming. Markets reacted fast, sending Bitcoin tumbling to new lows as leveraged traders piled in and ETF investors pulled out. NLW unpacks what the minutes reveal about the economy, why rate expectations are shifting, and how this is shaping crypto's end-of-year outlook—including Kraken's IPO filing and a major Bitcoin bet from Abu Dhabi. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/@TheBreakdownBW Subscribe to the newsletter: https://blockworks.co/newsletter/thebreakdown Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownBW
Mr. Beast Biography Flash a weekly Biography.It has been a packed week of news and real-world impact from the legendary Mr. Beast, also known as Jimmy Donaldson. Let's start with one of the most significant developments, which broke just days ago: Mr. Beast has filed a US trademark application pointing towards the launch of his own digital bank, or neobank, through Beast Holdings LLC. According to Global Fintech Insider, this move would turn his 447 million YouTube subscribers into potential banking customers, with services ranging from lending and investment management to even cryptocurrency exchange. This is no mere side project—in filings dated October 13, the application's scope covers financial education, digital currency, and credit issuance, signaling Mr. Beast's ambition to move well beyond entertainment and into the world of fintech. For context, Business Insider previously reported in March that Jimmy was already exploring a massive expansion into financial services. His track record with fintech investments shows he's had an eye on this industry for years, having backed platforms like Current and Bitski.In other major business headlines, just last week Mr. Beast gave fans a first-ever look at Beast Land, his eye-popping theme park set to open November 13 in Saudi Arabia as part of Riyadh Season. The Times of India details how he released images of futuristic, neon-lit arenas directly inspired by his viral YouTube challenge videos. Every attraction inside Beast Land is built from scratch, with Mr. Beast promising the world's largest prize wall, high-tech game zones like Tower Siege and Drop Zone, and physical challenges never seen at any other theme park. This leap from digital content into immersive real-world experiences could set a new industry standard, as Business Insider also notes that Mr. Beast is following the likes of Netflix in creating in-person entertainment to deepen fan engagement and diversify revenue.On the digital front, Mr. Beast has been busy battling misinformation and impersonators on social media. Following the hotly contested New York City mayoral election this week, the Tribune reports that Mr. Beast publicly denied his involvement in a series of viral fake comments about the new mayor, Zohran Mamdani, which appeared to come from a verified YouTube account. He responded quickly to fans on X, calling attention to the daily challenge of fake posts and impersonators using his likeness. This issue has become so rampant that in recent years Mr. Beast has repeatedly warned his audience about AI-generated deepfakes and scam giveaways exploiting his brand.Rounding out the latest developments, his company Beast Industries continues scaling up at breakneck speed with executive hires to boost content and brand deals, and rumors persist—though unconfirmed—about a possible IPO as Mr. Beast aims to make his empire ever more sustainable and investor-ready, as mentioned in Business Insider.That wraps the latest headlines and behind-the-scenes moves from Mr. Beast—one of the digital era's most influential, and now most ambitious, figures. Thanks for listening, and make sure to subscribe so you never miss an update on Mr. Beast. For more fast-moving biographies, search the term Biography Flash.And that is it for today. Make sure you hit the subscribe button and never miss an update on Mr. Beast. Thanks for listening. This has been a Quiet Please production."Get the best deals https://amzn.to/4mMClBvThis content was created in partnership and with the help of Artificial Intelligence AI
Nasdaq bleibt trotz starker Nvidia-Zahlen volatil. Google bringt Gemini 3 Pro als neues Spitzenmodell auf eigenen TPUs und führt mehrere Benchmarks an. Anthropic verdoppelt seine Bewertung binnen drei Monaten; Microsoft und Nvidia investieren Milliarden. Perplexity startet ein kostenloses Shopping-Tool, bleibt aber ohne klares Geschäftsmodell. Nvidia meldet erneut starkes Wachstum und optimistische Guidance. Baidu kämpft trotz KI-Trend mit rückläufigem Umsatz. Klarnas erste Zahlen seit dem IPO enttäuschen. PDD warnt vor Abschwächung, Temu unter Druck durch neue Importregeln. Larry Summers verlässt das OpenAI-Board. Bei Deel taucht ein Bestechungsskandal auf. Grok lobt Elon Musk überschwänglich. Lutnicks Familie profitiert von KI-Deals. Android Quick Share wird mit iOS AirDrop kompatibel. Unterstütze unseren Podcast und entdecke die Angebote unserer Werbepartner auf doppelgaenger.io/werbung. Vielen Dank! Philipp Glöckler und Philipp Klöckner sprechen heute über: (00:00:00) Intro & Nasdaq Volatilität nach Nvidia Earnings (00:03:19) Google Gemini 3 Pro Launch ohne Nvidia-Chips (00:06:32) Anthropic $350B Deal (00:20:34) Perplexity (00:30:08) Nvidia Earnings (00:38:30) Baidu Earnings (00:40:06) Klarna Earnings (00:47:20) PDD Earnings (00:53:53) Larry Summers tritt nach Epstein-Files zurück (00:57:35) Deel Bestechungsskandal gegen Rippling (01:01:34) Grok (01:06:19) Familie Lutnick (01:09:10) Android Quick Share mit iOS AirDrop kompatibel Shownotes US-Tech-Aktien fallen bei Volatilitätsschub an der Wall Street – ft.com Google bringt Gemini 3 heraus, sein bisher 'intelligentestes' KI-Modell – theverge.com Anthropic kooperiert mit NVIDIA und Microsoft, expandiert auf Azure – linkedin.com Anthropic auf $350 Milliarden geschätzt nach Investition von Microsoft, Nvidia – cnbc.com Perplexity kündigt kostenloses Produkt zur Vereinfachung des Online-Shoppings an – cnbc.com Nvidia-Aktien steigen aufgrund unerwartet starker Umsätze und Prognose – cnbc.com Baidu verzeichnet trotz KI-Boom den größten Umsatzrückgang – bloomberg.com Anmelden bei Similarweb Plattform – pro.similarweb.com Klarna übertrifft Umsatzschätzungen im ersten Quartalsbericht seit IPO – cnbc.com Temu-Eigentümer PDD warnt vor Abschwächung in Chinas Konsumsektor – bloomberg.com Musk's xAI baut 500 Megawatt Rechenzentrum in Saudi-Arabien – bloomberg.com Larry Summers tritt aus OpenAI-Vorstand zurück – axios.com Charles Rollet über X: Deel verbuchte angebliches $6k Bestechungsgeld als Geschäftsausgabe – x.com Groks Verehrung von Elon Musk wird seltsam – theverge.com Familienangelegenheit: Söhne des Handelsministers profitieren vom KI-Boom – nytimes.com Android Quick Share jetzt kompatibel mit iOS AirDrop – blog.google
The latest Fed minutes show a deeply divided committee but a clear signal: no December rate cut is coming. Markets reacted fast, sending Bitcoin tumbling to new lows as leveraged traders piled in and ETF investors pulled out. NLW unpacks what the minutes reveal about the economy, why rate expectations are shifting, and how this is shaping crypto's end-of-year outlook—including Kraken's IPO filing and a major Bitcoin bet from Abu Dhabi. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/@TheBreakdownBW Subscribe to the newsletter: https://blockworks.co/newsletter/thebreakdown Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownBW
Vlad Tenev built Robinhood by breaking every rule Wall Street wrote: zero commissions when competitors charged $10, mobile-first when "serious" investors demanded desktop, a brand that made finance feel like rebellion instead of a club you'd never join.By 2021 they'd forced every major brokerage to slash fees and attracted millions who'd never owned a stock, but then GameStop happened: trading restrictions during the meme stock frenzy triggered congressional hearings, user fury, and a two-year brand crisis that nearly buried them despite the real culprit being antiquated clearing mechanics no one understood. Now Tenev's pushing an even more radical vision—tokenizing private company shares so retail investors can own stakes in AI giants before IPO, turning prediction markets into "truth machines" that beat polls and pundits, and building what he calls the end of financial nihilism: a platform where your seventy-year-old parents and your Gen Z cousin both manage everything from retirement accounts to election bets in one place.The question isn't whether traditional finance survives this; it's whether Robinhood can move fast enough to own the entire wealth transfer before someone else does. Resources:Follow Vlad Tenev on X: https://x.com/vladtenevFollow Alex Rampell on X: https://x.com/arampellFollow Erik Torenberg on X: https://x.com/eriktorenberg Stay Updated:If you enjoyed this episode, be sure to like, subscribe, and share with your friends!Find a16z on X: [https://x.com/a16z](https://x.com/a16z)Find a16z on LinkedIn: [https://www.linkedin.com/company/a16z](https://www.linkedin.com/company/a16z)Listen to the a16z Podcast on Spotify: [https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX](https://open.spotify.com/show/5bC65RDvs3oxnLyqqvkUYX)Listen to the a16z Podcast on Apple Podcasts: [https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711](https://podcasts.apple.com/us/podcast/a16z-podcast/id842818711)Follow our host: [https://x.com/eriktorenberg](https://x.com/eriktorenberg)Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see [a16z.com/disclosures](http://a16z.com/disclosures). Stay Updated:Find a16z on XFind a16z on LinkedInListen to the a16z Podcast on SpotifyListen to the a16z Podcast on Apple PodcastsFollow our host: https://twitter.com/eriktorenberg Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
In this week's episode of the Rich Habits Radar, Robert Croak and Austin Hankwitz are joined by CNBC legend Bob Pisani! Purchase Bob's new book, Shut Up and Keep Talking: Lessons on Life and Investing From the Floor of the New York Stock Exchange, on Amazon -- click here!---
AI Startup Funding Models Gerry Hays, a professor of venture capital with 21 years of experience and a history of investing in 75 startups, discussed his work in supporting founders to create AI-focused startups through a grant-based funding model. He explained their "Venture Staking" system, which allows individuals to invest small amounts of money in startups early on, with the potential to earn 10x returns if the company succeeds. Michael shared his experience working in IT during the dot-com era and emphasized the importance of accessible funding for new businesses, highlighting how Gerry's approach provides an alternative to traditional VC funding by building a community of potential investors. Community-Driven Investment Transformations Michael and Gerry discussed the transformative power of community-driven investing, emphasizing its potential to foster genuine interest and engagement in ventures beyond mere financial returns. Michael highlighted how such investments create a sense of belonging and collaboration, comparing it to cheering for a team, while Gerry stressed the future importance of community and networks in startups, contrasting them with easily replicable software. They agreed that early participation in ventures offers significant advantages, including learning opportunities and potential financial gains, as well as the chance to be part of a community that drives innovation and growth. Alternative Investments: Volatility and Returns Michael discussed the high volatility and potential for significant returns in alternative investment platforms, contrasting them with traditional stock markets where 52% of Fortune 500 companies from 2000 have since disappeared. He emphasized the transformative nature of current market shifts and the importance of active engagement in investments, which fosters community and deeper research. Michael highlighted how such platforms encourage users to delve into detailed analysis, unlike the surface-level engagement often seen on social media. AI and Entrepreneurship Growth Strategies Michael and Gerry discussed the value of experience in entrepreneurship and the importance of regular updates to investors for accountability. They highlighted how AI, like previous tools like the internet, can enhance business operations but should be used as a tool rather than a replacement for human expertise. Gerry emphasized the potential for small investments in innovative businesses to grow significantly, citing the rise of no-code tools and AI as enablers of this transformation. Adapting to Startup Challenges Michael and Gerry discussed the importance of adaptability and risk-taking in the startup world, using examples like Pets.com and Comscore Networks to illustrate the challenges and opportunities faced by early-stage companies. Gerry explained the unique features of Dorio.com, a platform that allows non-accredited investors to test the waters and gain insights into startups before making larger investments. They emphasized the value of calculated risk-taking and the platform's ability to make venture capital more accessible to a wider audience. Michael encouraged listeners to explore Dorio.com as a potential holiday gift or investment opportunity. About Gerry Hays Gerry Hays is redefining how startups are funded—and who gets to participate. As the founder of Doriot and the creator of VentureStaking™, a patent-pending investment model, Gerry is challenging the traditional venture capital system and opening the door for everyday people to invest in high-growth startups—without needing to write a five-figure check or place risky early bets. With more than 25 years of experience as a serial founder and startup investor, Gerry has successfully launched, scaled, and exited multiple companies. He's taught entrepreneurial finance and venture capital at Indiana University's Kelley School of Business, where he mentored hundreds of emerging founders across the globe. Gerry is also the author of the 5-star-rated book, The First-Time Founder's Equity Bible, a practical guide that demystifies equity structures and funding for new entrepreneurs. He created Fantasy Startup®, the world's #1 startup investing simulation with over 14,000 downloads. And in his push to democratize access to private markets, he developed the QAI (Qualified Accredited Investor) Certification, empowering non-traditional investors to confidently and knowledgeably enter the world of private equity. But Gerry's mission goes far beyond credentials. Through Doriot and the VentureStaking™ model, he's flipping the script on startup investing. Instead of gambling early like traditional angels or waiting for IPO access on Wall Street, investors can now earn the option to invest in startups once they've begun to succeed—radically lowering risk and broadening participation. This isn't crowdfunding. It's a smarter, more inclusive, and capital-efficient way to back innovation—and benefit from it. What your audience will take away: How to begin startup investing with as little as $10 Why VentureStaking™ may be the most game-changing asset class since crypto How access to private markets is being reimagined for the 99% What it really means to own equity in the next unicorn—before Silicon Valley gets in If your show dives into entrepreneurship, disruption, financial empowerment, or emerging investment trends, Gerry Hays will bring bold, practical insights—and a roadmap for how your audience can take a real stake in the future. IG: https://www.instagram.com/doriot/ LinkedIn: https://www.linkedin.com/in/gerryhays/ TikTok: https://www.tiktok.com/@doriot_venture Website: https://www.doriot.com/
Our 225th episode with a summary and discussion of last week's big AI news!Recorded on 11/16/2025Hosted by Andrey Kurenkov and co-hosted by Michelle LeeFeel free to email us your questions and feedback at contact@lastweekinai.com and/or hello@gladstone.aiRead out our text newsletter and comment on the podcast at https://lastweekin.ai/In this episode:New AI model releases include GPT-5.1 from OpenAI and Ernie 5.0 from Baidu, each with updated features and capabilities.Self-driving technology advancements from Baidu's Apollo Go and Pony AI's IPO highlight significant progress in the automotive sector.Startup funding updates include Incept taking $50M for diffusion models, while Cursor and Gamma secure significant valuations for coding and presentation tools respectively.AI-generated content is gaining traction with songs topping charts and new marketplaces for AI-generated voices, indicating evolving trends in synthetic media.Timestamps:(00:01:19) News PreviewTools & Apps(00:02:13) OpenAI says the brand-new GPT-5.1 is ‘warmer' and has more ‘personality' options | The Verge(00:04:51) Baidu Unveils ERNIE 5.0 and a Series of AI Applications at Baidu World 2025, Ramps Up Global Push(00:07:00) ByteDance's Volcano Engine debuts coding agent at $1.3 promo price(00:08:04) Google will let users call stores, browse products, and check out using AI | The Verge(00:10:41) Fei-Fei Li's World Labs speeds up the world model race with Marble, its first commercial product | TechCrunch(00:13:30) OpenAI says it's fixed ChatGPT's em dash problem | TechCrunchApplications & Business(00:16:01) Anthropic announces $50 billion data center plan | TechCrunch(00:18:06) Baidu teases next-gen AI training, inference accelerators • The Register(00:20:50) Meta chief AI scientist Yann LeCun plans to exit and launch own start-up(00:24:41) Amazon Demands Perplexity Stop AI Tool From Making Purchases - Bloomberg(00:27:32) AI PowerPoint-killer Gamma hits $2.1B valuation, $100M ARR, founder says | TechCrunch(00:29:33) Inception raises $50 million to build diffusion models for code and text | TechCrunch(00:31:14) Coding assistant Cursor raises $2.3B 5 months after its previous round | TechCrunch(00:33:56) China's Baidu says it's running 250,000 robotaxi rides a week — same as Alphabet's Waymo(00:35:26) Driverless Tech Firm Pony AI Raises $863 Million in HK ListingProjects & Open Source(00:36:30) Moonshot's Kimi K2 Thinking emerges as leading open source AIResearch & Advancements(00:39:22) [2510.26787] Remote Labor Index: Measuring AI Automation of Remote Work(00:45:21) OpenAI Researchers Train Weight Sparse Transformers to Expose Interpretable Circuits - MarkTechPost(00:49:34) Kimi Linear: An Expressive, Efficient Attention Architecture(00:53:33) Watch Google DeepMind's new AI agent learn to play video games | The Verge(00:57:34) arXiv Changes Rules After Getting Spammed With AI-Generated 'Research' PapersPolicy & Safety(00:59:35) Stability AI largely wins UK court battle against Getty Images over copyright and trademark | AP News(01:01:48) Court rules that OpenAI violated German copyright law; orders it to pay damages | TechCrunch(01:03:48) Microsoft's $15.2B UAE investment turns Gulf State into test case for US AI diplomacy | TechCrunchSynthetic Media & Art(01:06:39) An AI-Generated Country Song Is Topping A Billboard Chart, And That Should Infuriate Us All | Whiskey Riff(01:10:59) Xania Monet is the first AI-powered artist to debut on a Billboard airplay chart, but she likely won't be the last | CNN(01:13:34) ElevenLabs' new AI marketplace lets brands use famous voices for ads | The VergeSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Send us a textInvest in pre-IPO stocks with AG Dillon & Co. Contact aaron.dillon@agdillon.com to learn more. Financial advisors only. www.agdillon.com00:00 - Intro00:08 - Anthropic Mega-Scale Infra + $350B Valuation Surge01:44 - xAI $15B Raise at $230B Valuation02:45 - xAI Saudi Arabia 500MW Data Center03:57 - xAI Grok 5 to be Released in Q1 202604:42 - Databricks $130B+ Valuation in Discussion05:55 - Ramp Hyper-Growth to $32B Valuation06:47 - Kraken $800M Raise at $20B Valuation07:51 - Kalshi $1B Raise at $11B Valuation08:54 - Faire Employee Tender at $5.2B09:42 - Apptronik $5B Raise for Humanoid Robots10:44 - Tenstorrent $800M Raise at $3.2B Valuation11:45 - Function Health $298M Raise at $2.5B Valuation12:55 - Suno $250M Series C at $2.45B Valuation13:51 - Bezos Returns as Co-CEO of Prometheus14:42 - Thinking Machines to Raise $5B15:27 - Lambda raised $1.5B + Multibillion Microsoft Deal16:31 - Blue Origin's New Glenn 9x4 Super-Heavy Rocket17:29 - Starlink's New $40 Plan + 10,000 Satellites18:15 - Starlink Wins Emirates Airlines Fleet Deal19:10 - Target to join OpenAI ChatGPT Shopping + Enterprise Rollout20:01 - Perplexity Comet AI Browser Launch
In today's Tech3 from Moneycontrol, we break down the government's big labour code update that mandates IT salaries be paid by the 7th of every month. We also dive into the blockbuster year for VCs with Rs 15,000 crore in IPO exits, Meesho's $5.9 billion listing plans, and an exclusive with Uniphore CEO Umesh Sachdev on why AI rivals NVIDIA, AMD, Snowflake and Databricks invested together. Plus, Groww's first results post-IPO reveal profit up but revenue dipping.
Late-stage financing plays a critical role in the growth trajectory of technology scale-ups, particularly as they transition from early innovation phases to market dominance and potential exits via IPOs or acquisitions. Larger capital injections can be found from multiple avenues; VCs, private equity, corporate investors, family offices, sovereign wealth funds and growth-focused hedge funds. While the volume of capital to European growth stage companies since 2015 has tripled, there is still a funding gap and bottlenecks in Europe compared to the US.In this episode three experts discuss Europe's growth stage tech landscape, the funding available, challenges ahead and what is needed to build more billion dollar companies in Europe. They are Luca Ferrari, Co-Founder & CEO of Bending Spoons, Hilary Gosher, Managing Director at Insight Partners and Tommaso Fassati, Head of Wealth Management Italy at BNP Paribas.Sources: FT Resources, Atomico, Roland Berger, Anthropic, European Commission, Semiconductor Industry Association, Korn FerryThis content is paid for by BNP Paribas and is produced in partnership with the Financial Times' Commercial Department. The views and claims expressed are those of the guests alone and have not been independently verified by The Financial Times. Hosted on Acast. See acast.com/privacy for more information.
Zak Mir talks to Alexander Selegenev, Executive Director, TMT Investments, after the venture capital company investing in high-growth technology companies, announced that it will today commence an on-market share buyback programme for an aggregate consideration of up to US$2,000,000. The Company's board of directors believe that the current share price trades at a significant discount to the Company's intrinsic value. The purpose of the Programme is therefore to seek to take advantage of this discount to enhance Net Asset Value (NAV) per share, reduce the Company's share capital, and return value to its shareholders. Quick snapshot: who TMT is and what they own TMT is a listed investment company focused on technology, media and telecoms ventures. Founded nearly 15 years ago, the firm has backed more than 100 companies across the US, Western Europe, the UK and Estonia. Its portfolio includes several high-growth names that have achieved large multiples on real exits, and the group reports an IRR since inception of over 14%. Key portfolio highlights include a material holding in Bolt, several profitable growth companies such as Sandbird, and other scalable businesses that are already generating cash. TMT also holds liquid, publicly traded US stock totalling around US$12 million that can be sold if needed. Despite that mix, the market capitalisation for TMT has been trading well below the value of its assets, at roughly a 60% discount to NAV. Why the buyback matters The board's stated purpose is straightforward: use the buyback to enhance NAV per share, reduce share capital, and return value to shareholders while taking advantage of the discount. Management has framed the decision as both a prudent capital allocation and a signal that they see the shares as undervalued relative to the company's intrinsic holdings. Put simply, when a listed vehicle holds large stakes in businesses that are profitable or have credible exit paths, repurchasing shares at steep discounts can be an efficient way to convert latent value into realised shareholder benefit. Conservative valuation, transaction-first approach TMT emphasises a conservative, transparent approach to valuing its portfolio. Rather than relying heavily on convenient multiples, the company values most holdings using actual transactions where possible. As of the most recent reporting, only about 15% of the portfolio value was derived from multiples. The rest is grounded in verifiable cash exits or market-based evidence. This transaction-first method matters for two reasons. First, it reduces the subjectivity that often plagues private asset valuations. Second, it gives buyers and existing shareholders more confidence that the headline NAV is meaningful and not merely an academic number. Why the London market discounts investment companies There are several forces pushing listed VC-style investment companies to trade at discounts. A few of the main contributors are: Market risk aversion. Volatility and macro uncertainty make investors prefer simple, liquid stories over diversified, private-rich portfolios. Focus on the negatives. When you hold dozens of companies, the market tends to fixate on weaker performers instead of the winners. Timing uncertainty for exits. Investors price in delays for IPOs or sales, which reduces near-term enthusiasm for NAV-based assets. Capital outflows from small caps. Structural flows away from smaller listed companies can suppress demand further. Those factors help explain why an investment company can be priced well below the sum of its parts, even when its largest holdings are sizable and verifiable. Portfolio depth and track record TMT's historical performance includes high-multiple exits and several successful growth stories. The team leverages decades of operating and investing experience to access deals, support scale-up, and realise value. For investors who cannot source and monitor multiple early-stage opportunities directly, a diversified vehicle like TMT offers scaled exposure with professional oversight. Examples mentioned by management include exits that delivered 50 times and 23 times the original investment, and a portfolio valuation that exceeds US$200 million. Those realised outcomes are a reminder that venture-style returns remain achievable, albeit uneven across companies. Why management is buying back shares now The buyback is both a practical move and a signal. Management believes the current market price significantly understates intrinsic value. Buying stock at a 60% discount can meaningfully increase NAV per remaining share, and it demonstrates the board's confidence in the portfolio's prospects. "You're paying 40p for a pound."That shorthand captures the essence of the opportunity as the board sees it: purchasing a claim on a dollar of underlying value for substantially less than its stated worth. How to evaluate this kind of opportunity When considering an investment in a listed, venture-style vehicle, the following checklist helps frame the decision: Valuation basis — Are portfolio values backed by cash exits or observable market prices, or are they largely multiples and estimates? Concentration risk — How much of the NAV is tied to a single holding and how comfortably can that position be realised? Liquidity profile — How easy would it be to monetise some holdings if capital was required? Exit pipeline and timing — Are there credible catalysts, such as planned IPOs or trade sale processes? Management track record — Does the team have a history of building companies, achieving exits and allocating capital well? Discount to NAV — Is the discount justified by legitimate risks, or does it reflect short-term market sentiment? Risk and timeframe Investing through a vehicle like TMT is not a short-term trade. Venture outcomes are irregular and often require patience, typically measured in years rather than months. Catalysts such as IPO announcements can rapidly re-rate a stock, but those events are timing-dependent. The buyback reduces share count and can accelerate per-share NAV accretion, yet it does not remove execution risk across underlying companies. Final thought TMT's share buyback is a clear, pragmatic response to a valuation gap. For investors comfortable with venture-style risk and a longer time horizon, buying into a diversified, transaction-valued portfolio at a substantial discount can be an attractive opportunity. As always, review the underlying holdings, assess the company's valuation methodology, and consider how the investment fits within your broader portfolio objectives.
This Sponsored Insight features Daniel Mahr, Head of MDT, the $26 billion quantitative equity investing group at Federated Hermes that oversees a suite of actively managed mutual funds, ETFs, collective investment trusts, and separately managed accounts. Dan joined the firm in 2002 as a junior analyst and took over leadership of the team six years later, guiding its evolution through vast changes in data, computing power, and investment methodology. Our conversation traces Dan's path from flipping IPOs as a college student to running machine learning models across global equity markets. We discuss the development of MDT's decision tree framework — a "glass box" approach to stock selection that blends transparency with sophistication — and how the team balances analytical rigor with human judgment. Dan explains lessons from two decades of modeling markets, including the challenges of overfitting and underfitting data, and MDT's steadfast focus on analytical edge, rather than informational edge. Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com)
Anne Hamer is a top-rated family lawyer based in Nashville, Tennessee, whose path to success was anything but traditional. After years in corporate and plaintiff work, and even a decade as a stay-at-home mom, Anne returned to the courtroom with a new sense of purpose. In this episode, she shares how to change your legal career at any age, how her own divorce reshaped her understanding of family law, and why it's never too late to find work you love.Anne Hamer's BackgroundBorn and raised in Memphis, Anne Hamer has spent much of her life in Tennessee, with a detour to New York for law school at NYU. She laughs now about being the Southern student with the unmistakable accent that made her memorable in class but also taught her to adapt and connect with people from every background. After graduation, she weighed a fast-paced life in Manhattan against a more balanced one back home and chose Tennessee."I just knew I was not going to have any kind of life if I stayed in New York. I wanted something different," shares Anne Hamer on You Are A Lawyer.Anne's career began in corporate law at a large Nashville firm, where she handled IPOs and mergers but found herself uninspired by the work. After trying litigation, plaintiff work, and even stepping away from practice for 10 years to raise her children, she returned to law with a renewed sense of purpose. Today, she's one of Tennessee's most respected family lawyers, recognised by Super Lawyers for her compassionate yet strategic approach to high-conflict and high-asset divorce cases.This episode is produced by Skip the Boring Stuff, a podcast strategy company for business owners and creatives.
Welcome to The Chrisman Commentary, your go-to daily mortgage news podcast, where industry insights meet expert analysis. Hosted by Robbie Chrisman, this podcast delivers the latest updates on mortgage rates, capital markets, and the forces shaping the housing finance landscape. Whether you're a seasoned professional or just looking to stay informed, you'll get clear, concise breakdowns of market trends and economic shifts that impact the mortgage world.In today's episode, we look at the latest findings from the Mortgage Bankers Association's (MBA) newly released Quarterly Mortgage Bankers Performance Report. Plus, Robbie sits down with Figure's Michael Tannenbaum for a discussion on how small-balance first-liens and HELOC-as-refi strategies work, the latest developments after the company's IPO, and his thoughts on the current lending climate. And we close by examining what the influence of the labor market on mortgage rates.Thank you to Figure. Figure is shaking up the lending world with their five-day HELOC, offering borrower approvals in as little as five minutes and funding in five days. Figure has hundreds of partners in the Banking, Credit Union, Home Improvement, and of course, IMB space embedding their technology. Lenders, give yo
In this episode of Fintech Layer Cake, host Reggie Young sits down with Sarah Wilson, General Counsel at Circle, to explore how Circle is shaping the global legal and regulatory frontier for stablecoins and digital assets. She shares her path from big law to fintech, why stablecoins represent the perfect intersection of finance, technology, and regulation, and how Circle manages compliance across 185 countries. Sarah breaks down the Genius Act—its real scope, biggest misconceptions, and what it means for payment stablecoins. Sarah also offers a behind-the-scenes look at Circle's IPO journey, what shifts when a company goes public, and how Circle built Arc, an institutional-grade blockchain platform. Packed with insights on compliance, innovation, and digital finance governance, this episode is a must-listen for fintech operators, lawyers, and anyone shaping the future of financial infrastructure.
This Day in Legal History: Ratification of the Bill of Rights by New JerseyOn November 20, 1789, New Jersey became the first state to ratify the Bill of Rights, a landmark moment in American constitutional history. Just months after the U.S. Constitution went into effect, debate over its lack of explicit protections for individual liberties sparked calls for amendments. Responding to this concern, James Madison introduced a series of proposed amendments in the First Congress in June 1789, aiming to ease Anti-Federalist fears and solidify support for the new federal government. Congress approved twelve amendments on September 25, 1789, and sent them to the states for ratification.New Jersey acted swiftly, ratifying eleven of the twelve proposed amendments less than two months later. The state rejected the first proposed amendment, which concerned congressional representation, and accepted the rest, including protections for freedom of speech, religion, the press, the right to bear arms, and safeguards against unreasonable searches and seizures. New Jersey's early endorsement gave momentum to the broader ratification effort, which required approval by three-fourths of the states.By December 15, 1791, ten of the amendments had been ratified by the necessary eleven states and became known as the Bill of Rights. These provisions would become foundational to American legal doctrine, judicial interpretation, and civil liberties jurisprudence. New Jersey's rapid ratification also signaled the willingness of smaller states to embrace a constitutional framework that better balanced federal power with individual protections.The ratification process itself reflected the structural legal mechanism required to alter the Constitution—Article V mandates both congressional proposal and state approval. This episode demonstrates how early American legal institutions navigated public pressure and political compromise to create durable legal norms. The Bill of Rights remains central to constitutional interpretation today, frequently invoked in court cases involving speech, privacy, and due process.A group of senior judges on the U.S. Court of Appeals for the Fifth Circuit has recently influenced several rulings on politically sensitive cases, softening the conservative tone of one of the nation's most right-leaning appellate courts. These judges, many appointed decades ago by presidents like Jimmy Carter and Ronald Reagan, were part of three-judge panels that struck down or allowed challenges to laws involving religion in schools, drag shows on campus, and firearm signage. However, these decisions are now set for reconsideration by the court's full active bench in January, as part of a growing trend of en banc rehearings.The Fifth Circuit includes 17 active judges and seven senior judges. While senior judges can still hear cases and author opinions, their influence is ultimately limited because active judges control en banc reviews, which can overturn panel rulings. Most of these upcoming en banc cases saw dissents from Trump-appointed judges at the panel level. Some senior judges, like Edith Brown Clement, are conservative and remain highly active, while others like James Dennis and Patrick Higginbotham are known for their moderate or liberal views and are key voices in current and upcoming decisions.Legal experts say senior judges' experience and moderation often make them more willing to adhere to precedent rather than pursue ideological shifts. Their dissents and opinions can also help signal to the U.S. Supreme Court that a case warrants review. With an increase in ideologically charged cases on topics like immigration and free speech, the Fifth Circuit's internal dynamics reflect a broader national tension between judicial restraint and a more activist, conservative legal agenda.Full Fifth Circuit Overrides Moderate Senior Judges' RulingsThe Equal Employment Opportunity Commission (EEOC) has asked a federal court to enforce a subpoena against the University of Pennsylvania as part of an ongoing investigation into alleged antisemitic harassment. The EEOC's request was filed in the U.S. District Court for the Eastern District of Pennsylvania and stems from a charge initiated in December 2023 by Republican-appointed Chair Andrea Lucas. The agency is seeking documents and information identifying victims and witnesses to reported religious-based harassment affecting faculty and staff.The investigation centers on claims that the university failed to adequately respond to internal complaints of antisemitism. The EEOC under Lucas—particularly during and after the first Trump administration—has prioritized enforcement actions related to religious discrimination, with higher education institutions facing increased scrutiny. Penn has not yet issued a public response regarding the subpoena or the broader investigation.EEOC Seeks UPenn Information Disclosure in Antisemitism ProbeCryptocurrency exchange Kraken announced that it has confidentially filed for an initial public offering (IPO) in the United States. The move positions Kraken among several digital asset firms seeking to go public amid renewed investor interest in the crypto sector. Other companies like Circle and Gemini have also made progress toward U.S. listings this year.Kraken recently reported a $20 billion valuation in its latest fundraising round, marking a 33% increase over the past two months. While the company did not disclose specific details about the IPO structure or timeline, the filing indicates growing momentum for digital finance firms in public markets.Crypto exchange Kraken confidentially files for US IPO | ReutersThe U.S. government has loaned Constellation Energy $1 billion to restart a nuclear reactor at the former Three Mile Island site in Pennsylvania. The project, now called the Crane Clean Energy Center, involves reviving an 835-megawatt reactor that was shut down in 2019. Constellation entered a partnership with Microsoft in 2024 to help offset the tech company's energy use, especially for power-intensive data centers. The reactor's restart reflects rising energy demand tied to emerging technologies like artificial intelligence.The Department of Energy's Loan Programs Office (LPO) issued the loan to help lower financing costs and encourage private investment. Officials emphasized that nuclear energy offers stable, carbon-free baseload power critical for both grid reliability and climate goals. While Constellation is financially strong enough to obtain private funding, the administration said public support signals a national commitment to clean and dependable energy infrastructure.The plant still needs regulatory approvals, including from the Nuclear Regulatory Commission. Constellation has already begun hiring workers, inspecting systems, and ordering essential equipment. The company now expects the reactor to come online by 2027, a year ahead of the original timeline due to an accelerated grid connection review.US loans Constellation $1 billion for Three Mile Island reactor reboot | Reuters This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe
India's IPO market has completely lost its mind. Groww is worth more than the Bombay Stock Exchange (as of 18th Nov '25 the date of recording). PhysicsWallah is losing ₹243 crore but got a 33% listing pop. And companies are literally moving their headquarters from the US to India just to IPO here. What's going on?In this deep dive, we expose the wild world of Indian startup IPOs. You'll discover how companies magically become profitable right before going public, why retail investors are gambling billions on unprofitable startups, and the shocking "reverse flip" trend where unicorns are abandoning Silicon Valley for Mumbai's markets. This is the untold story of the biggest IPO boom and potential bubble in the world right now.Note- The video was recorded on 18th Nov '25, all numbers and stock prices are true to that date.Disclaimer: This video is for educational and informational purposes only and is not financial advice. Please do your own research or consult a registered financial advisor before making investment decisions. The creator is not responsible for any profits or losses resulting from investment decisions.KEY TAKEAWAYS:✅ How Groww became worth more than the 150-year-old Bombay Stock Exchange✅ Why PhysicsWallah got a 33% listing gain despite losing ₹243 crore✅ The accounting tricks companies use to become "profitable" before IPOs✅ Why 70+ startups are moving from US/Singapore to India (reverse flipping)✅ India vs USA IPO markets: lower requirements, higher valuations, unlimited appetiteFEATURED COMPANIES:Groww: ₹1.1 lakh crore valuation (more than BSE itself on 18th Nov '25)Lenskart: Years of losses, then ₹297 crore profit in FY25—just before IPOPhysicsWallah: Loss-making but 33% listing gainsPine Labs: 2.5x oversubscribed despite unclear profitabilityZomato, Paytm, Nykaa, Ola Electric: The cautionary talesTIMESTAMPS:(0:00) Introduction(0:33) Groww IPO(1:54) Lenskart IPO(2:36) Pine Labs IPO(3:15) Physicswallah(4:51) Why & how do companies turn profitable just before the IPO?(6:51) Class of '21 - Zomato, Paytm, Nykaa(9:45) India vs USA IPO Markets(10:46) Reverse Flipping(12:04) Why are companies reverse flipping to India?(13:11) Is indian IPO market visionary or plain crazy?(13:58) ClosingSUBSCRIBE FOR MORE VC & STARTUP STRATEGYVC10X breaks down the most important stories in tech, startups, and investing every week. If you want actionable insights to help you build or invest in the next great company, subscribe now.LET'S CONNECTWebsite: https://VC10X.comX / Twitter: https://x.com/choubeysahabLinkedIn: https://linkedin.com/in/choubeysahabCOMMENT BELOWIs India's IPO market the future or a bubble waiting to pop? Have you invested in any of these companies? Let us know in the comments.#IndiaIPO #Groww #PhysicsWallah #Lenskart #StartupIndia #VentureCapital #IPOMarket #RetailInvesting #ZomatoIPO #PaytmIPO
In today's Tech3 from Moneycontrol, we break down why India's newest tech listings. Groww, Lenskart, Pine Labs and PhysicsWallah, saw their post-IPO shine fade quickly, slipping across the board. We also look at 26 major consumer apps declaring themselves dark-pattern-free to the CCPA, Paytm's slow but meaningful UPI recovery after a turbulent year, and BigBasket's Rs 200-crore debt raise to fuel its quick-commerce network.
Business is war. Sometimes the prize is your wallet or your attention. Sometimes, it's just the fun of beating the other guy. The outcome of these battles shapes what we buy and how we live. Business Wars gives you the unauthorized, real story of what drives these companies and their leaders, innovators, investors and executives to new heights -- or to ruin. In the newest season of Business Wars, dive into the high-stakes race to supply the world's hottest weight-loss drug. Listen to Business Wars: The Race to Ozempic: https://wondery.fm/BW_IFDSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What if everything we thought we knew about loyalty, leadership, and the future of work is about to be rewritten? In this episode of Start With a Win, Adam Contos sits down with Steve Cadigan - LinkedIn's first-ever Chief Human Resources Officer and one of the most respected minds in global talent strategy - to explore the shifting realities of today's workforce. From the rise of a restless generation to the untapped power of learning and mobility inside organizations, this conversation challenges leaders to think beyond old models of retention and success. It's a provocative look at how businesses can thrive amid constant change - and why the key to keeping your best people might be the very thing that sets them free.Steve Cadigan is a globally recognized talent advisor and founder of Cadigan Talent Ventures, a Silicon Valley firm that has worked with top organizations like Google, Intel, and the BBC. As LinkedIn's first CHRO, he guided the company through its IPO and shaped its culture, which later became the foundation for a Stanford University course. With over 25 years of HR leadership, he has advised leading VC and consulting firms such as Andreessen Horowitz, McKinsey, and Deloitte. A sought-after speaker and media expert, he frequently appears on Bloomberg, CBS, and CNBC and teaches at major universities. His book, Workquake, debuted as a #1 Amazon Hot New Release in 2021. Recognized annually since 2021 as a top 100 thought leader in talent, he serves on multiple boards and advisory panels, helping leaders craft innovative talent strategies. Having lived and worked in Singapore, Canada, and the U.S., he brings a global perspective to the future of work. Based in California, he enjoys coaching basketball and playing tennis.00:00 Intro02:15 This is my moment…have you found yours? 03:40 This is the last thing companies think about!05:05 Ways of winning without a team that has been together for a long time08:25 The need for this has accelerated! 11:01 A person is loyal to this13:30 CEOs need to do a better job in removing the silo thinking18:30 Would you rather…?20:50 Advice, listen up!23:30 I do this for my twinshttps://stevecadigan.com/https://www.linkedin.com/in/cadigan/ steve@cadiganventures.com https://www.tiktok.com/@stevecadigan?lang=en===========================Subscribe and Listen to the Start With a Win Podcast HERE:
Today, we're hopping back into the archive and revisiting an episode with Gerard Barron, the co-founder, CEO, and chairman of The Metals Company, who joined us to discuss the company's plans to harvest critical metals off the sea floor. Summary:The Trump administration has made American reindustrialization a top priority, but to do that, the US is going to need access to an abundance of metals like copper, manganese and nickel. The challenge then is to find a way to source these materials that doesn't rely on Chinese supply chains, and won't lead to serious environmental harm.Gerard Barron is the co-founder, CEO and chairman of The Metals Company, which trades on the Nasdaq under the symbol TMC. The Metals Company mission is to harvest and process metal-containing nodules from the sea floor, providing a clean and abundant source of raw materials for an array of critical industries, like steelmaking and EV production. Gerard walks us through the evolution of TMC, their groundbreaking tech, and some recent regulatory breakthroughs that have brought them closer to achieving their goals than ever before.Highlights:The Metals Company Mission (2:07)The history of seabed harvesting (3:43)Land-based supply chains (7:17)TMC's tech (10:44)Regulatory roadblocks (12:28)Defense implications (15:51)EVs (17:37)Korea Zinc deal (19:41)Looking ahead (21:34)PE Involvement (24:22) Links:Gerard's LinkedInThe Metals Company LinkedInThe Metals Company WebsiteICR LinkedInICR TwitterICR Website Feedback:If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, Joe@lowerstreet.co.
Jyoti Bansal is the co-founder and CEO of Harness, the software delivery platform used by thousands of engineering teams, and previously founded AppDynamics, which he led from inception to a multibillion-dollar acquisition by Cisco. In this episode, Jyoti unpacks what it really takes to move from mid-market to enterprise, why he thinks in terms of “product-market-sales fit,” and how he structures Harness as a collection of “startups within a startup” to launch multiple “best-of-breed” products. In today's episode, we discuss: Why companies get stuck in the mid-market and struggle to move up into enterprise Why Jyoti deliberately lost Netflix as their customer The difference between product-market-sales fit, and product-market-fit How to build a scalable, capacity-driven go-to-market machine (instead of chasing deals) Diagnosing whether you have a product problem or a distribution problem How to hire and evaluate your first head of sales and top sales leaders Why Jyoti sold AppDynamics three days before IPO The “binary differentiator” rule for launching new products into crowded markets Why Harness runs 16 product lines under one roof Where to find Jyoti: LinkedIn: https://www.linkedin.com/in/jyotibansal/ Twitter/X: https://x.com/jyotibansalsf Where to find Brett: LinkedIn: https://www.linkedin.com/in/brett-berson-9986094/ Twitter/X: https://twitter.com/brettberson Where to find First Round Capital: Website: https://firstround.com/ First Round Review: https://review.firstround.com/ Twitter/X: https://twitter.com/firstround YouTube: https://www.youtube.com/@FirstRoundCapital This podcast on all platforms: https://review.firstround.com/podcast References: Amazon: https://www.amazon.com/ AppDynamics: https://www.appdynamics.com/ Barclays: https://home.barclays/ BIG Labs: https://www.biglabs.com/ Carlos Delatorre: https://www.linkedin.com/in/cadelatorre/ Charles Schwab: https://www.schwab.com/ Cisco: https://www.cisco.com/ Citi: https://www.citi.com/ Cloudability: https://www.apptio.com/products/cloudability/ Datadog: https://www.datadoghq.com/ Dynatrace: https://www.dynatrace.com/ Harness: https://www.harness.io/ Jeff Bezos: https://x.com/JeffBezos Microsoft: https://www.microsoft.com/ Nasdaq: https://www.nasdaq.com/ Netflix: https://www.netflix.com/ New Relic: https://newrelic.com/ Salesforce: https://www.salesforce.com/ Splunk: https://www.splunk.com/ Traceable: https://www.traceable.ai/ Unusual Ventures: https://www.unusual.vc/ VMware: https://www.vmware.com/ Timestamps: (01:48) Why do companies get stuck in the mid-market? (05:09) Designing a product for enterprise and mid-market (07:19) Why Jyoti lost Netflix as a customer - on purpose (10:18) Becoming a scalable GTM organization (12:32) The real signs of product-market fit (14:04) Have you delivered the value? (15:46) How to hire your first sales team (19:59) The four signs of excellent sales leaders (23:16) How to interview a sales leader (27:51) Where Jyoti developed his commercial taste (29:37) Why early founders need to learn sales (32:02) How AppDynamics began (36:36) Why Jyoti sold three days pre-IPO (41:55) What does a healthy board look like? (44:23) How Jyoti perceives competition (46:18) Why you need a binary differentiator (49:53) How to launch multiple products (52:00) “We need to be best of breed” (57:38) Why PMs are like mini-entrepreneurs (1:00:20) The startup within a startup (1:02:45) A culture of continuous improvement
Dina Denham Smith is an executive coach and strategic advisor who helps senior leaders build capacity, scale impact, and thrive in complex environments. She has coached leaders at top companies including Google, Netflix, Goldman Sachs, Stripe, and Adobe.Her practical approach draws on early career experiences being placed in high-stakes leadership roles—often as the only woman in the room—managing major clients, mergers, IPOs, and strategic initiatives. She learned firsthand that top-level success requires more than expertise.Dina's framework centers on three pillars: Results (strategic focus and outcomes), Relationships (trust and influence), and Resilience (high performance without burnout).Previously, she served as EVP of a private equity firm, helping grow sales 15x, led a 75-person team at a digital agency, and began her career in consulting at PwC.She holds an MS in Industrial/Organizational Psychology and an MBA from the University of Michigan and is credentialed by the ICF and EMCC. A prolific thought leader, she has written 60+ leadership articles and co-authored the bestselling Emotionally Charged (Oxford, 2025). She lives in the Bay Area with her family.
In this episode of Forbes India cover story podcast, Naini Thaker maps the journey of Urban Company in the run up to their IPO and how the company changed the perception of informal blue collar work in India and opened up the gig economy to them.
Insights into the past, present and future of crypto with Mike Novogratz. Follow the podcast here. Galaxy Digital founder and CEO Mike Novogratz joins "CoinDesk Spotlight" to discuss why the $38 trillion national debt has created a "golden era" for crypto. Novogratz breaks down the power of the XRP Army, his timeline for a $1 million bitcoin, and Galaxy's IPO journey. Plus, he shares his concerns about a "bull market in populism" and the story of how his ayahuasca trip inspired a scene in the show Billions. - This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes. - Break the cycle of exploitation. Break down the barriers to truth. Break into the next generation of privacy. Break Free. Free to scroll without being monetized. Free from censorship. Freedom without fear. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit midnight.network/break-free - Genius Group has partnered with CoinDesk for Bitcoin Treasury Month, launching the Genius x CoinDesk Quest. Participants can join the Bitcoin Academy, complete free microcourses from experts like Natalie Brunell and Saifedean Ammous, and enter to win 1,000,000 GEMs (worth 1 BTC) promoting bitcoin education and adoption. Learn more at: https://www.geniusgroup.ai/coindesk-bitcoin-treasury-month/ - Need liquidity without selling your crypto? Take out a Figure Crypto-Backed Loan, allowing you to borrow against your BTC, ETH, or SOL with 12-month terms and no prepayment penalties. They have the lowest rates in the industry at 8.91%, allowing you to access instant cash or buy more Bitcoin without triggering a tax event. Unlock your crypto's potential today at Figure! https://figuremarkets.co/coindesk - Timestamps: 01:42 - When Did Novogratz First Know Money Mattered?07:26 - “What's Cool About Bitcoin Is There's No CEO”12:44 - XRP's Fierce Community and Success14:32 - How Did We Get Here: America's Financial "Tale of Two Cities"15:47 - How Sustainable Are Crypto Communities?17:49 - Novogratz's Take on Mamdani and Crypto in NYC22:15 - Would He Ever Run for Office?25:38 - Is Crypto at Risk of Replicating Same Challenges From TradFi?29:26 - His Work on Criminal Justice Reform33:32 - How Novogratz's Upbringing Shaped Him37:10 - On Immigration Policy and Where America is Headed43:16 - Galaxy's IPO45:19 - Top Crypto Asset Picks47:33 - On D.C. and When Market Structure Legislation Will Pass49:43 - "Crypto Is a Report Card on How the Country Is Doing"52:03 - Can a BTC Treasury Address National Debt? "It's Kind of Smoke and Mirrors"53:35 - Novogratz's Most Rewarding Project57:28 - Advice to His Younger Self59:36 - Where Did His Intense Risk Appetite Come From?01:01:14 - The Ayahuasca Journey That Inspired 'Billions' - This episode was hosted by Jennifer Sanasie. “CoinDesk Spotlight” is produced by Sam Ewen, Jennifer Sanasie, Taylor Fleming and Victor Chen.
In this episode, we kick off a new SEC-focused series with an overview of current developments shaping SEC reporting. Our guests unpack recent leadership changes, the evolving rulemaking agenda, reporting themes, and key trends in SEC comment letters.In this episode, we discuss:1:54 – SEC leadership updates8:31 – Rulemaking agenda and expected priorities15:29 – Rulemaking challenges: staff capacity and shutdown constraints18:27 – Government shutdown effects on IPOs and the SEC review process24:09 – SEC comment letter themes and focus areasFor more, listen to our recent episode on frequency of reporting, SEC to revisit quarterly reporting: Pros, cons, and what's ahead. Also, check out our SEC reporting series from earlier this year where we take a “back to basics” look at key reporting areas:Inside SEC reporting: Capital formationInside SEC reporting: Acquisitions and divestituresInside SEC reporting: Pro forma financial informationInside SEC reporting: Form 8-K (current report)Be sure to follow this podcast on your favorite podcast app and subscribe to our weekly newsletter to stay in the loop.About our guestsScott Feely is a PwC National Office Deputy Chief Accountant. He has over 30 years of experience supporting clients as they address the SEC and financial reporting implications of their capital markets and merger and acquisition-related activities.Lindsay McCord is a PwC National Office partner specializing in matters related to the SEC and the capital markets. Prior to joining PwC, Lindsay spent over 15 years at the SEC, most recently as the Chief Accountant in the Division of Corporation Finance. In this role, Lindsay led an accounting team in providing technical accounting and reporting support to the Division, including SEC rulemaking, interpretation, and guidance.About our guest hostKyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.comDid you enjoy this episode? Text us your thoughts and be sure to include the episode name.
Jeffrey Epstein reportedly used his financial network to gain access to exclusive allocations of hot initial public offerings (IPOs) through his J. Epstein VI Foundation and other investment channels, flipping shares for rapid profits. Investigations into nonprofit tax filings revealed that his foundation was allocated shares in dozens of underwritten offerings—IPOs traditionally reserved for elite institutional or high-value private investors tied into powerful banking relationships. These preferential deals helped bolster Epstein's wealth significantly and reinforced the perception that his influence was deeply intertwined with Wall Street power brokers. The filings raised questions about how someone with no substantial record of public investment activity and a largely opaque business structure was able to bypass standard financial scrutiny and secure rare IPO placements typically reserved for major strategic clients.Simultaneously, Epstein maintained relationships with major financial institutions such as Goldman Sachs and HSBC, which helped enable his access to investment networks and sophisticated global money-movement tools. While full clarity over every IPO trade remains elusive due to limited public disclosure and sealed banking records, the combination of preferential access to IPO allocations, secretive banking relationships, and offshore structures continues to fuel debate about how Epstein amassed his fortune and whether financial institutions facilitated his rise through lax compliance or intentional preference. These unresolved questions remain central to ongoing calls for deeper financial transparency around the Epstein network and the systemic vulnerability that allowed it to operate for decades.to contact me:bobbycapucci@protonmail.com
York Space Systems files for an IPO after a major revenue jump. Ursa Major hits $600m valuation after a $100m series E. The US Space Force publishes “Vector 2025” guidance on force design and warfighting, and more. Remember to leave us a 5-star rating and review in your favorite podcast app. Be sure to follow T-Minus on LinkedIn and Instagram. T-Minus Guest Our guest today is Michael Anderson, Co-founder & CEO of Seagate Space, talking with Maria about the unique challenges and opportunities ahead for sea-based space launches. You can connect with Michael on LinkedIn, and learn more about Seagate Space on their website. Selected Reading Satellite firm York Space Systems reveals 59% revenue surge in US IPO filing (Reuters) Ursa Major Raises $100 Million to Scale Hypersonics, Solid Rocket Motors and Space Mobility (Ursa Major) Aerospace Startup Ursa Major Valued at $600 Million With New Funding (Bloomberg) Space Force Vector (US Space Force) Space Force's Vector 2025 to Guide Service Transformation (ExecutiveGov) Leanspace raises €10 million Series A round to bring software-defined satellite operations to enterprise and institutional space programs (Leanspace) Wife of Astronaut Pleads Guilty to Falsely Alleging Crime in Space (The New York Times) Golden Dome: Loosen the gag order, and start talking (Breaking Defense) Starlab Hackathon results (LinkedIn) ICEYE sees role as Europe's defense space-intelligence linchpin (Defense News) 2025 Prime Minister's Space Prize for Professional Excellence (Prime Minister's Space Prizes) Share your feedback. What do you think about T-Minus Space Daily? Please take a few minutes to share your thoughts with us by completing our brief listener survey. Thank you for helping us continue to improve our show. Want to hear your company in the show? You too can reach the most influential leaders and operators in the industry. Here's our media kit. Contact us at space@n2k.com to request more info. Want to join us for an interview? Please send your pitch to space-editor@n2k.com and include your name, affiliation, and topic proposal. T-Minus is a production of N2K Networks, your source for strategic workforce intelligence. © N2K Networks, Inc. Learn more about your ad choices. Visit megaphone.fm/adchoices
Today's guest is someone who is running a business that is moving so fast that every time he comes back on the show we have an enormous amount to talk about and this time it is no different. Today Jeff Radke CEO of Accelerant is talking to me after a transformational 12 months that has seen his young business continue its heightened growth and IPO on the New York Stock Exchange. At the Voice of Insurance we have been lucky enough to follow Accelerant's story at first hand since Jeff's first appearance four years ago. The proposition is as tantalising as it has always been. Good MGAs need stable capital, strong underwriting insights and ultra-efficient processes, while insurers, reinsurers and other capital providers want access to stable, diversified portfolios of profitable insurance risk on a meaningful scale. Accelerant's job is to connect everything and everyone up and make sure everybody in the chain can make money and be happy. It sounds simple but in a highly-competitive regulated industry this can be anything but simple in practice. As Accelerant's platform grows and becomes the conduit for low single digit billions in premium volume via over 250 member MGAs, it's more mature state is coming into view. The business is evolving to become something far more like a genuine intelligent insurance exchange and underwriting management platform than a mere fronting or hybrid carrier. This conversation is the best and most transparent I have had with Jeff so far. Talking to Jeff, it's easy to see why so much business has flowed in Accelerant's direction. Jeff has had huge tech-enabled trends on his side, but he also has charisma in abundance, but then so do many in our business. It's only when that charisma is combined with the deep knowledge of someone who has sat at almost all points of the insurance and capital value chain in his career that it becomes such a powerful combination. Listen on – this is a very rich conversation that I can highly recommend to anyone interested in what large swathes of insurance market are going to look like over the next decade and beyond LINKS: We thank our naming sponsor AdvantageGo: https://www.advantagego.com
In this in-depth episode, we sit down with Mukti Aryal, a distinguished financial economist, investment banker, and former Chief Secretary of Nepal, to explore the fascinating world of finance, investment, and markets. From the origins of financial systems to the modern Nepal Stock Exchange (NEPSE), Aryal takes us through the history of finance, explaining key concepts like bonds, IPOs, preferred shares, and financial products that shape our economy. He explains what an IPO really is, whether it's always worth Rs. 100, and how fundamental analysis drives the stock market. The discussion also explores market manipulation, lessons from the Great Depression, and why the number of stock brokers in Nepal remains so limited. Further, we dive into valuation, cash flow, and how businesses can face losses despite high revenue. Aryal breaks down portfolio theory, derivatives, and treasury management, offering practical insights for investors and students of economics alike. This podcast is a must-watch for anyone interested in financial education, investment banking, or the future of Nepal's economy. Subscribe for more insights from leaders like Mukti Aryal on finance, economics, and markets. GET CONNECTED WITH Mukti Aryal: LinkedIn - https://np.linkedin.com/in/mukti-aryal-68aa5a355 Facebook - https://www.facebook.com/p/Mukti-Aryal-100076327443829/
Le piccole e medie imprese rappresentano la colonna vertebrale dell'economia italiana e il loro sostegno finanziario è fondamentale per sviluppo e competitività, soprattutto in un contesto segnato da tensioni geopolitiche, dazi e trasformazioni tecnologiche legate alle transizioni digitale ed ecologica, che richiedono investimenti significativi. In questo scenario, Intesa Sanpaolo ha presentato a Milano l'iniziativa «Crescere per competere», finalizzata a supportare le Pmi in operazioni straordinarie tramite strumenti di finanza strutturata, Ipo e M&A. L'innovazione consiste nel rendere disponibili questi strumenti di investment banking anche alle Pmi, attraverso una struttura dedicata nata dalla collaborazione tra la Banca dei Territori e IMI CIB, che oggi conta oltre 70 professionisti distribuiti in tre team territoriali e si rivolge a oltre 6.000 aziende. Durante l'evento presso la Borsa Italiana sono stati presentati casi di successo di Pmi in vari settori, tra cui Bending Spoons, Moltiply Group, Generalfinance, Lynx e Next Geosolutions. Dal 2020 a oggi la divisione Banca dei Territori ha assistito operazioni di finanza straordinaria per oltre 10 miliardi di euro, di cui oltre 2 miliardi nei primi nove mesi del 2025, con più di 35 operazioni tra M&A e Ipo. Stefano Barrese ha sottolineato che le Pmi devono individuare vie di sviluppo innovative e che Intesa Sanpaolo agisce come ponte tra economia reale e finanza, accompagnando gli imprenditori nella progettazione di strategie di crescita sostenibili e di lungo periodo. Interviene proprio Stefano Barrese, responsabile Divisione Banca dei Territori Intesa Sanpaolo.Delegazione italiana in Cina in difesa della proprietà intellettualeL'Unione Europea è leader globale nell'esportazione di tecnologia e know-how, ma le imprese rischiano violazioni se i diritti di proprietà intellettuale non sono tutelati. L'Italia gioca un ruolo di primo piano in settori come alimentare, farmaceutico, tessile e automotive, confermandosi nel 2024 quinta in Europa per domande di brevetto e quarta per deposito marchi. La Cina rappresenta un partner commerciale strategico e la tutela dei DPI è essenziale per proteggere le innovazioni, contrastare la concorrenza sleale e attrarre investimenti. Alessandro Plateroti si trova in Cina per seguire Action for China, programma dedicato a supportare le Pmi italiane nella localizzazione commerciale e produttiva, in collaborazione con istituzioni, associazioni di imprese, banche, fondi e studi legali. L'obiettivo della missione è siglare accordi per tutelare i settori strategici italiani nelle esportazioni verso la Cina, iniziando dall'alimentare con il consorzio di San Marzano, e proseguendo con farmaceutico, tessile e automotive, prevenendo contraffazione e manipolazione delle materie prime. Il commento è di Alessandro Plateroti, Direttore editoriale UCapital.comL'Italia torna ad essere fanalino di coda per crescitaNel 2025 l'Europa ha registrato una crescita migliore del previsto, con un PIL della zona euro stimato all'1,3%, rispetto allo 0,9% di maggio. L'Italia invece ha registrato una crescita più contenuta: la Commissione europea ha rivisto le stime a +0,4% per il 2025 e +0,8% per il 2026 e 2027, mentre il governo prevede rispettivamente +0,5%, +0,7% e +0,9%. Quest'anno l'Italia ha la quarta crescita più bassa dell'area euro e nei prossimi anni risulterà tra i paesi meno dinamici. La debole crescita è dovuta alle esportazioni nette che sottraggono 0,7 punti percentuali, mentre la domanda interna contribuisce con circa 1 punto percentuale, trainata dagli investimenti, e penalizzata dalla fine degli incentivi fiscali nel settore immobiliare. L'incertezza internazionale ha portato le famiglie ad aumentare il risparmio e ridurre i consumi. Sul fronte dei conti pubblici, le previsioni fissano il deficit al 3% del PIL nel 2025, con l'intenzione delle autorità italiane di mantenerlo leggermente inferiore per uscire dalla procedura per disavanzo eccessivo. Il presidente di Confindustria, Emanuele Orsini, ha sottolineato l'importanza di rafforzare la competitività e ha suggerito di posticipare il rientro del debito per aumentare le risorse disponibili per investimenti, ricordando che conti in ordine facilitano la presenza delle imprese italiane sui mercati esteri.Il commento è di Mario Deaglio, professore emerito di Economia Internazionale Università di Torino.
HEADLINES:• Emirates Unveils Major Starlink and Boeing Deals as Dubai Airshow 2025 Opens• Saudi Arabia's Dar Global and the Trump Organization to Build the World's First Tokenised Maldives Resort• Sharjah–Saudi Backed Developer Arada Targets a 2028 IPONewsletter: https://aug.us/4jqModrWhatsApp: https://aug.us/40FdYLUInstagram: https://aug.us/4ihltzQTiktok: https://aug.us/4lnV0D8Smashi Business Show (Mon-Friday): https://aug.us/3BTU2MY
US equities retreated ahead of Nvidia earnings. Matt Sallee, Executive Vice President, Head of Investments at Tortoise Capital shares what he's expecting across the AI trade. Bitcoin drops sharply from its October high. Kelvin Tay, Regional CIO for UBS Global Wealth Management, discusses what's driving the price action of markets in the Asia Pacifc. Plus, 'Baby Shark' creator Pinkfong's IPO in South Korea. Shares jumped as much as 62% on their trading debut as investors snapped up the studio behind YouTube’s most-viewed jingle.See omnystudio.com/listener for privacy information.
In today's Tech3 from Moneycontrol, we dive into PhysicsWallah's stellar IPO debut, which saw the edtech firm's stock price soar well above its issue price, handing investors a 44% gain. We also cover the major funding rounds for consumer brands Agilitas and Akshayakalpa Organic. Plus, the real-money gaming sector faces fresh scrutiny as the ED conducts searches on Gameskraft and WinZO offices, and Karnataka unveils its plan to decentralise its tech growth by turning Tier-2 cities into innovation clusters.
We investigate the concerns raised by AI stocks' steep valuations and the jitters that investor withdrawals have sent through the market - is the AI bubble about to burst? In other news: Sajjan Jindal firms up funding for the acquisition of AkzoNobel India, the Centre is set to repeal the Central Excise Act, 1944, India nears its first commercial satellite broadband launches, gaming sector faces intensified scrutiny and whisky can now make you money. Also, we list the top 20 best performers and 20 weakest listings among the 2025 IPOs. Find it all in the latest edition of Moneycontrol Editor's Picks.
V epizodi se pogovarjamo o stanju slovenskega trga, prihajajočih individualnih naložbenih računih (INR) in o tem, zakaj 25 milijard evrov na bančnih računih predstavlja tveganje, ne varnosti. Bombač razloži, zakaj meni, da bi moral vsak vlagatelj marca prihodnje leto opraviti prvo vplačilo v INR, ter izpostavi, da bodo znotraj računa vsi donosi neobdavčeni do dviga. Dotakneva se stroškov in pasti neobrokerjev, vloge pokojninskih skladov, možnosti slovenskega trga za preboj v višjo kategorijo ter njegove osebne naložbene strategije – kot pravi, je "hodler", ki stavi na disciplino in razpršitev, ne na dnevno trgovanje. Epizoda je bila posneta konec avgusta 2025. Objavljena je tudi na Youtube. V tokratni epizodi boste slišali: 00:00 Intro 03:00 – Se napihuje balon 05:10 – Koncentracija v SBITOP-u in vloga "svete trojice" 07:30 – Ali Slovenija lahko dočaka nove velike IPO-je? 10:00 – Individualni naložbeni računi: zakaj marca 2026 ne smeš zamuditi prvega vplačila 14:30 – Psihologija malih vlagateljev in lekcije iz krize 2007–2009 17:00 – Koliko slovenskih delnic naj ima vlagatelj v portfelju? 19:30 – Likvidnost Ljubljanske borze: miti in realnost 22:00 – Neobrokerji: zakaj "ničelna provizija" ni vedno najcenejša 25:00 – Zakaj hrvaški pokojninski skladi bolj verjamejo v slovenske delnice kot slovenski 28:00 – Preveč denarja na bankah: izguba tretjine vrednosti v 20 letih 31:00 – Vizija LJSE do 2028 in pot do trgov v razvoju 35:00 – Ljudske obveznice in prihod novih finančnih instrumentov 38:00 – Osebni portfelj in "hodler mindset" 42:00 – Pogled na FIRE: zakaj ga ne zanima zgodnja upokojitev 45:00 – Zaključek epizode *ustavrjeno s pomočjo umetne inteligence ____________________________ Money-How Premium: https://money-how.si/narocnine/ vključuje: - Modri AI - Finančni asistent, ki pomaga pri raznih finančnih dilemah https://money-how.si/modri-ai/ - Taxistent - Davčni asistent, ki pomaga pri oddaji davčne napovedi https://money-how.si/taxistent/ - poglobljene članke ____________________________ Bootcamp v živo: Investiranje – kako sploh začeti (omejeno število) Že dolgo razmišljaš o vlaganju in ne veš, kje in kako začeti? Nimaš energije, da bi raziskoval vse podrobnosti. Skrbijo te davki? Ne veš, kako investiranje vpliva na socialne transferje, kot so otroški dodatki? Presekaj in se nam pridruži v živo, kjer bomo skupaj naredili prvi korak v svet investiranja! Termin: 27. november 2025 med 17.00 in 20.30 Info: www.money-how.si/dogodki ______________________ Finančna delavnica je lahko čudovito darilo. Več preveri https://money-how.si/izobrazevanja ______________________ (delavnica) Investiranje v delnice: Kaj moram vedeti, ko se odločam za investiranje v delnice Prijava: https://money-how.si/izobrazevanja ______________________ (delavnica) Investiranje za začetnike. Praktično o osnovah investiranja. Prijava: https://money-how.si/izobrazevanja _________________________________ DISCORD skupnost: V finančnih zagatah nismo sami, pridružite se nam na Discord Money-How / discord ______________________________ Več o Money-How na https://money-how.si/
We start with a blockbuster IPO. Pinkfong’s Baby Shark empire makes waves with it's debut, stirring questions about Korea’s content boom. U.S. markets wobble as Nvidia, Tesla, and crypto-linked stocks drag investor sentiment lower. Michelle Martin runs a rapid “Up or Down” lightning round across tech, aviation, regional plays, and Singapore blue chips. Then a check in on local markets with Jardine Matheson and Venture Corp in focus. Plus: how Indonesian instant noodles have became a global premium trend. Hosted by Michelle Martin.See omnystudio.com/listener for privacy information.
We love to hear from our listeners. Send us a message. Allan Shaw, Chief Financial Officer and Chief Business Officer at Create Medicines, is back on the Business of Biotech this week, with a temperature check on biotech funding and the IPO market. We discuss the implications of recent blockbuster acquisitions, strategies for managing the current funding environment for biotech, what to look for in the IPO market in the coming months, alternative financing opportunities, and what besides lower interest rates might bring generalist investors back into the sector. Access this and hundreds of episodes of the Business of Biotech videocast under the Business of Biotech tab at lifescienceleader.com. Subscribe to our monthly Business of Biotech newsletter. Get in touch with guest and topic suggestions: ben.comer@lifescienceleader.comFind Ben Comer on LinkedIn: https://www.linkedin.com/in/bencomer/
Today on our show:Same-Day Facilities Key to Amazon's New Powerful Grocery StrategyWalmart CEO Doug McMillion Steps DownTheRealReal Records Record GMV During EarningsGoogle Releases Some AI Shopping Updates- and finally, The Investor Minute which contains 5 items this week from the world of venture capital, acquisitions, and IPOs.Today's episode is sponsored by Rithum.https://www.rmwcommerce.com/ecommerce-podcast-watsonweeklyThis podcast uses the following third-party services for analysis: Podtrac - https://analytics.podtrac.com/privacy-policy-gdrp
Jeffrey Epstein reportedly used his financial network to gain access to exclusive allocations of hot initial public offerings (IPOs) through his J. Epstein VI Foundation and other investment channels, flipping shares for rapid profits. Investigations into nonprofit tax filings revealed that his foundation was allocated shares in dozens of underwritten offerings—IPOs traditionally reserved for elite institutional or high-value private investors tied into powerful banking relationships. These preferential deals helped bolster Epstein's wealth significantly and reinforced the perception that his influence was deeply intertwined with Wall Street power brokers. The filings raised questions about how someone with no substantial record of public investment activity and a largely opaque business structure was able to bypass standard financial scrutiny and secure rare IPO placements typically reserved for major strategic clients.Simultaneously, Epstein maintained relationships with major financial institutions such as Goldman Sachs and HSBC, which helped enable his access to investment networks and sophisticated global money-movement tools. While full clarity over every IPO trade remains elusive due to limited public disclosure and sealed banking records, the combination of preferential access to IPO allocations, secretive banking relationships, and offshore structures continues to fuel debate about how Epstein amassed his fortune and whether financial institutions facilitated his rise through lax compliance or intentional preference. These unresolved questions remain central to ongoing calls for deeper financial transparency around the Epstein network and the systemic vulnerability that allowed it to operate for decades.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.
Faraj Aalaei is the Founder and CEO of Cognichip, an AI company building the world's first Artificial Chip Intelligence (ACI) platform to design semiconductors using AI. He brings four decades of experience in communications and networking, having led two companies (Centillium and Aquantia)through IPOs. Aquantia was later acquired by Marvell, where he also held an executive role. Prior to that, Faraj was Co-Founder and CEO of Centillium, which went public on NASDAQ just three years after its founding, the fastest IPO ever for a semiconductor company. He holds an honorary Doctor of Engineering from Wentworth Institute of Technology, where he also earned his bachelor's degree in electrical engineering, along with an MSEE from the University of Massachusetts and an MBA from the University of New Hampshire.In this conversation we discussed:Why chip development cycles are trailing AI applications by years and how that disconnect leads to inefficient infrastructure and higher energy costsHow AI could help democratize chip design by enabling smaller teams outside traditional hubs to build customized, application-specific hardwareWhat Faraj sees as the real barrier to innovation: the time and cost of chip development, and how Cognichip is reducing both through compute-led designHow AI can augment, not replace, engineers by offering transparent, explainable design suggestions while keeping humans in the loopThe coming talent shortage in semiconductor engineering and how AI might close the skills gap and unlock new opportunities for nontraditional buildersWhy every major technological shift creates more opportunity than it destroys, and how Faraj sees AI enabling people to work on more meaningful problemsResources:Subscribe to the AI & The Future of Work NewsletterConnect with Faraj on LinkedInAI fun fact articleOn How To Drive Compelling Narratives in Youtube Videos.
Derek Moore is joined by Shane Skinner and Mike Snyder this week to talk about people's reaction to Michael Burry's comments on earnings quality in the Mag 7 companies, talk of the OpenAI IPO, and Nvidia's options ahead of earnings week. Plus, they reframe the idea of Strategy buying Bitcoin by using an alternative example. What if they held Apple stock instead? All this and much more this week. Michael Burry suggests depreciation and accounting adjustments driving earnings in Mag 7 OpenAI most anticipated IPO since Snapple in the early nineties? What if AI technology is a technical revolution but the winning companies are different? Michael Saylor's Bitcoin strategy landing on hard times What if Saylor bought Apple stock instead of Bitcoin, does that make their strategy easier to understand? Enterprise value vs market cap Implied volatility on Nvidia options ahead of earnings Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
Andrejka Bernatova joins Diane King Hall at the NYSE to discuss the state of companies going public. She explains the reasons why some choose to go via SPACs and others choose IPOs. She also shares her company Dynamix Corp.'s (ETHM) role in taking The Ether Machine public. Andrejka discusses the importance of a healthy balance sheet when choosing the SPAC route. She addresses the importance of underlying fundamentals helping to buoy the go-to-public space. Specifically on the increase in cryptocurrency companies going public, she thinks the digital asset space will be influential in everyday life.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – / schwabnetwork Follow us on Facebook – / schwabnetwork Follow us on LinkedIn - / schwab-network About Schwab Network - https://schwabnetwork.com/about
John Blank and Eric Winograd cover the impact of the U.S. government shutdown on households and what the Fed might decide to do in December. Eric previews the September jobs report we will see later this week, though he notes the shutdown had not begun yet and we won't see the impact yet. He thinks the October payrolls could be an “outright negative” number. John covers delays on IPOs and thinks some listings may be shelved as a potential bottleneck forms.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – / schwabnetwork Follow us on Facebook – / schwabnetwork Follow us on LinkedIn - / schwab-network About Schwab Network - https://schwabnetwork.com/about
130 IPOs from over 400 startups. IVP is now in its 18th fund, with companies like Perplexity, Glean, Slack, Figma, Twitter, Uber, and Abridge in its portfolio. Somesh Dash, general partner at the 45-year-old firm, has been part of IVP for more than 20 years.We start with something we are both passionate about, building in the US-India corridor. Somesh talks about the group of people who put the silicon in Silicon Valley, the immigrants. From Andy Grove to Elon Musk to Chennai-born Aravind Srinivas.He recalls the first time he met Aravind at a WeWork, when Perplexity had just 20 employees and a beta product or how Dylan (Founder of Figma) had the vision nobody else had on the future of design, way before ai. The early signals Somesh saw in these founders, long before any signs of massive success were visible. He also talks about the companies they missed, giants like DoorDash, OpenAI, and Anthropic.Though this seasoned investor truly believes in AI, he says the sector is due for a correction. The bubble will burst. Most Gen 1.0 AI companies are unlikely to reach billion-dollar valuations or go public. But as always in tech, the lessons from this first wave will shape Gen 2.0 companies. And the teams that understand and adapt from this early wave will build the next generation of successful AI companies. Also, when the bubble bursts, that's the time to invest. Why?Somesh Dash shares in this episode.0:00 – Trailer1:12 – Immigrants who built Silicon Valley4:27 – India's incredible contribution to the Valley5:30 – How the India–US friction will actually help6:29 – What's at stake for both countries10:42 – Where India stands in AI11:45 – First meeting with Aravind Srinivas13:47 – Why IVP invested in Perplexity two years ago17:11 – In AI, don't take product–market fit for granted18:43 – Courage to fail & double down on early wins19:36 – Why multiple investors on a cap table isn't bad22:14 – How IVP invested in Figma24:28 – IPO is a milestone, not the end25:56 – Why US public markets are not overvalued27:50 – How a VC defines startup success31:08 – The best thing about failed startups32:12 – Why IVP missed DoorDash34:54 – How IVP decides to invest or pass38:27 – The doctor who builds tech45:05 – Future of Content is honesty and vulnerability47:11 – Meeting OpenAI & Anthropic in the early days48:52 – AI “startups” with capex the size of nations49:53 – The power law in venture capital50:45 – Why we're close to an AI correction54:11 – Gen 2.0 startups are built on Gen 1.0 foundations56:45 – Will the AI bubble burst?1:01:32 – Do high valuations during peaks still make sense?1:05:04 – What keeps IVP strong for five decades1:08:11 – The Co's making IVP more bullish on India–US corridor-------------India's talent has built the world's tech—now it's time to lead it.This mission goes beyond startups. It's about shifting the center of gravity in global tech to include the brilliance rising from India.What is Neon Fund?We invest in seed and early-stage founders from India and the diaspora building world-class Enterprise AI companies. We bring capital, conviction, and a community that's done it before.Subscribe for real founder stories, investor perspectives, economist breakdowns, and a behind-the-scenes look at how we're doing it all at Neon.-------------Check us out on:Website: https://neon.fund/Instagram: https://www.instagram.com/theneonshoww/LinkedIn: https://www.linkedin.com/company/beneon/Twitter: https://x.com/TheNeonShowwConnect with Siddhartha on:LinkedIn: https://www.linkedin.com/in/siddharthaahluwalia/Twitter: https://x.com/siddharthaa7-------------Send us a text
n this episode Derek Champagne, CEO of The Artist Evolution, interviews Tim Sanders. Tim Sanders spent most of his early career on the cutting edge of innovation and change. He was an early stage member of Mark Cuban's Broadcast.com, which had the largest opening day IPO in history. After Yahoo acquired the company, Tim was tapped to lead their ValueLab, and by 2001, he rose to Chief Solutions Officer. In 2005, he founded Deeper Media, which provides consulting services for leading brands. Today, he is one of the top-rated speakers on the lecture circuit.Tim is the author of four books, including the New York Times bestseller Love Is the Killer App: How To Win Business & Influence Friends. It's been translated into over a dozen languages and has been featured in Fast Company, USA Today, the New York Times, The Boston Globe, Christian Science Monitor and on CNN. He's a master storyteller who offers listeners actionable takeaways that produce results right away. That's why he's one of the top speakers on the lecture circuit.Learn more at www.timsanders.comBusiness Leadership Series Intro and Outro music provided by Just Off Turner: https://music.apple.com/za/album/the-long-walk-back/268386576
Welcome to The Chopping Block — where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest in crypto. This week, the crew dives into the shift from airdrops to ICOs as Monad, MegaETH, and Coinbase's new sale format spark a rethink of how tokens should be distributed. They discuss ICO Beast's hedging fiasco, why most airdrops fail to create real users, and whether fixed-price ICOs are a better path for long-term alignment. The gang also unpacks Uniswap's major “unification,” the end of Labs vs. Foundation, and UNI finally becoming the protocol's value-accrual asset. In the back half, they touch on the “low carb crusader” MEV trial, the hung jury, and the broader question of whether MEV games belong in criminal court at all. A concise, high-signal look at where tokenomics, distribution, and crypto's legal boundaries are heading next. Show highlights
Marty sits down with Jordi Visser to discuss why Bitcoin's current price consolidation mirrors the post-dot-com bubble IPO period, the democratization of crypto adoption, and how AI-driven abundance could reshape the global economy. Jordi on Twitter: https://x.com/jvisserlabs STACK SATS hat: https://tftcmerch.io/ Our newsletter: https://www.tftc.io/bitcoin-brief/ TFTC Elite (Ad-free & Discord): https://www.tftc.io/#/portal/signup/ Discord: https://discord.gg/VJ2dABShBz Opportunity Cost Extension: https://www.opportunitycost.app/ Shoutout to our sponsors: Bitkey https://bit.ly/TFTCBitkey20 Unchained https://unchained.com/tftc/ Obscura https://obscura.net/ SLNT https://slnt.com/tftc CrowdHealth https://www.joincrowdhealth.com/tftc Salt of the Earth: https://drinksote.com/tftc Join the TFTC Movement: Main YT Channel https://www.youtube.com/c/TFTC21/videos Clips YT Channel https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ Website https://tftc.io/ Newsletter tftc.io/bitcoin-brief/ Twitter https://twitter.com/tftc21 Instagram https://www.instagram.com/tftc.io/ Nostr https://primal.net/tftc Follow Marty Bent: Twitter https://twitter.com/martybent Nostr https://primal.net/martybent Newsletter https://tftc.io/martys-bent/ Podcast https://www.tftc.io/tag/podcasts/
In this week's Hot Topics we break down the biggest stories shaping crypto and finance, with special guest James Wo, Founder & CEO of DFG.From the Senate's long-awaited crypto market structure bill to the Trump administration's plan for crypto-backed mortgages, this episode explores how policy, innovation, and real-world adoption are converging fast. James also shares DFG's strategy for the next market cycle, including their Bitcoin reserve, investment outlook for 2026 IPOs, and the projects leading the charge in DeFi and tokenization.TakeawaysRegulation is finally catching up with innovation.Stablecoins and real-world assets are leading the next wave.Long-term conviction still defines the builders shaping Web3.Support us through our Sponsors! ☕