Rick Segal’s (a VC in Canada) recent post made me smile with recognition: It’s around 2a in Toronto, midnight here in Edmonton. 260 summaries, plans, ideas, and virtual napkins are staring at me with an evil grin. It can feel like it is hard to get a VC’s attention. I’d like to think that it isn’t because we’re bad people, and it isn’t because we’re lazy people. But we do get pitched a lot, and the ambient noise level is high. The quote above goes some way to explaining why a VC can’t give an hour to ever... lire la suite
Rick Segal’s (a VC in Canada) recent post made me smile with recognition: It’s around 2a in Toronto, midnight here in Edmonton. summaries, plans, ideas, and virtual napkins are staring at me with an evil grin. It can feel like it is hard to get a VC’s attention. I’d like to think that it isn’t because we’re bad people, and it isn’t because we’re lazy people.
Fifth Third Bancorp, a Cincinnati-based bank, said Wednesday it would cut its dividend by more than half and raise about $2 billion by selling convertible preferred stock and certain “noncore businesses. It said it is taking the steps “to strengthen its capital position in light of continued deterioration in credit trends.
Supposedly, the Yankee player's wife, Cynthia Rodriguez, is in Paris with Lenny Kravitz right now. Fun fact? Kravitz and rumored A-Rod lover Madonna used to hook up, as well. Another fun fact? Kravitz has been practicing celibacy for the last three years. Confused by all these facts?
The Ambac Financial Group said on Wednesday that net income tripled after a new accounting rule allowed its insurance unit to turn its difficulties into a gain, but the company said it was writing little new business. Separately, Dexia, the Belgian-French financial group, said on Wednesday that it aims to protect its triple A rating by putting $300m into its U.
Summary: Don’t send long business plans to investors. Don’t ask for NDAs. Don’t share information that must remain confidential. Understand that investors care about traction over everything else. In Parts 1 and 2 of ‘What should I send investors? , we covered the elevator pitch and deck.
Yesterday morning, I predicted a Barack Obama Administration would make you and I less wealthy. Wasting no time to prove me right, yesterday on CNBC, Barack Obama said he wanted to raise the capital gains tax. I.
Here from WSJ: The failure of WaMu eclipsed what had long been America's largest bank bust on record, the 1984 collapse of Continental Illinois, which had $40 billion in assets. The fact that no bank was willing to buy WaMu until it failed shows how badly confidence has eroded in a banking system awash with record profits just a few years ago.
Did you know that gas price gouging almost never occurs as prices rise? Rather, it's most often when dealers keep prices artificially high even as their costs fall. As gas costs has recently been near $5 a gallon and oil companies earn around $100 billion each year, it's a good time to question what really goes into the price of gas.
Did you know that gas price gouging almost never occurs as prices rise? Rather, it's most often when dealers keep prices artificially high even as their costs fall. As gas costs were near $5 a gallon until falling and oil companies earn around $100 billion each year, it's a good time to question what really goes into the price of gas.
Il s'agit d'un programme complet de sessions de formation individualisées, dispensées par des professionnels spécialisés en création d'entreprise notamment le Fonds Sindibad, Infogestion et Masnaoui Mazars. Au-delà des formations et du coaching, chaque porteur d'idée dispose d'un interlocuteur privilégié du Centre Régional d'Investissement de Casablanca pour répondre à ses questions.
Eight major banks are in talks to bolster the Ambac Financial Group, the troubled bond insurance company, as part of an industrywide rescue being orchestrated by state regulators, people briefed on the negotiations said Friday. The banks, which include Citigroup and UBS, are considering injecting capital into Ambac and assuming some of the risks associated with guarantees written by the company, these people said.
A French government report to be released Monday calls for tighter risk-control measures at Société Générale and a broad review of the rules at other French banks in response to huge losses from a trading scandal, according to The New York Times. The report, prepared by the finance minister, Christine Lagarde, comes less than two weeks after Société Générale accused a single trader, Jérôme Kerviel, of the biggest trading fraud in history.
A massive round of capital raising from sovereign wealth funds and other investors has kept big banks afloat. And although some of Wall Street chieftains are now predicting the worst is over, The New York Times’ Floyd Norris wonders if the optimism isn’t overdone. Part of his reasoning:
Trader Mark submits: I wrote in Tuesday evening's earnings preview Ambak (ABK) - strange how all the "issues" with these simply dropped off the radar - did all their problems get sweeped away? Literally it is as if these 2 bond insurers no longer exist. They were the focus of the market every day for a month and the "resolution" offered the names didn't seem to really fix the problem.
Reuters - Fannie Mae on Tuesday cut its dividend and set plans to raise $6 billion in fresh funds to weather the severe U. S. housing market slump, driving its shares and the broader U. S. stock market lower.
MBIA, the biggest player in the troubled bond insurance industry, said Monday that it lost $2. billion for its first quarter, as the credit crisis continued to roil the subprime-based instruments that the company had insured. The figure, which amounts to a loss of $13. a share, is a stark reversal from the $198.
Dans l'affaire Friedman v. Southern Cal. Permanente Medical Group, un végétalien éthique a subi une discrimination indirecte a l'embauche. M. Friedman avait travaillé plusieurs fois pour une entreprise avant qu'on ne lui offre un poste salarié. L'employeur a posé comme conditions d'embauche que Friedman se vaccine contre les oreillons, vaccin qu'il ne pouvait accepter en raison de son végétalisme.
A new fund management firm backed by the Blackstone Group aims to raise $500 million to $1 billion for the launch an Asia-focused hedge fund in October, two industry sources told Reuters. The planned launch comes after a tough 2008 for Asia-Pacific hedge funds, which have been the industry’s worst performers globally since the start of this year.
Despite the rumors, we all know widgetmaker RockYou isn't really worth $400 million. Not with the way ad buyers feel about spending on social media. We hear RockYou's latest investor, Doll Capital Management — which funded the company with another $35 million today — didn't value the company at $400 million either.
Michael Shedlock submits: CNBC is reporting Lehman's Weekend Meetings Raise Questions. Senior executives at Lehman Brothers, the embattled Wall Street securities firm, have been summoned this weekend for a series of meetings as the firm prepares to release second-quarter earnings on Monday and speculation swirls that the firm may be sold to a larger bank, CNBC has learned.