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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
News companies lost a ton of revenue because platforms such as Facebook could deliver more targeted ads and consequently companies shifted their ad money towards social media platforms
Chris Best • Unbundling Journalism | Chris Best on Venture Stories
At any rate, by late summer 2021 the hard part wasn’t leaving Hong Kong. It was figuring out where to go. It had to be somewhere with financial regulation that explicitly allowed a crypto futures exchange. That ruled out Europe and the United States. Taiwan was no good, as the Chinese might invade at any moment. Antigua had good laws but bad intern
... See moreMichael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Small teams
stevepulec.comLeading “solo capitalists” manage more money than many funds. Oren Zeev manages more than $1 billion without additional investment support. Elad Gil, Josh Buckley, Harry Stebbings and Lachy Groom manage funds in the hundreds of millions with similarly lean structures.
Mario Gabriele • The Future of Solo Capitalists | The Generalist
A lot of what you hear and read about the big delivery networks — DoorDash, Grubhub, Uber Eats, etc. — is that they’re a terrible economic deal for restaurants. It’s an especially tough tradeoff for neighborhood restaurants and startups, which don’t have much leverage or much profit margin to spare.
Dan Frommer • The desk lunch is on hold
Alibaba’s four-year-old Yu’e Bao fund, set up as a repository for consumers’ leftover cash from online spending, has become the world’s largest money-market fund, with $165.6 billion under management, overtaking JPMorgan’s $150 billion money-market fund.