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The Clinton and Trump administrations both formed a “war room” for a major White House investigation, NBC reports.
May 28, 2017 at 06:37PM
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Twenty Practical Steps to Better Corporate Governance | The Corporate Secretaries International Association (CSIA) Please click the li...
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The Clinton and Trump administrations both formed a “war room” for a major White House investigation, NBC reports.
May 28, 2017 at 06:37PM
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Chain Block Sales Global Market Report 2017
NewsMaker (press release) In this report, the global Chain Block market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report split global into several key … |
May 13, 2017 at 04:56PM
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HOLON, Israel, April 30, 2017 /PRNewswire/ —
Sapiens International Corporation N.V. (NASDAQ: SPNS; TASE: SPNS), a leading global provider of software solutions for the insurance industry with a growing presence in the financial services sector, announced today that it has filed its…
April 30, 2017 at 07:28PM
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Billionaire venture capitalist Chris Sacca surprised many in the tech world on Wednesday when he announced that he was retiring from startup investing.
After a stint at the Silicon Valley office of law firm Fenwick & West and then Google, Sacca struck out on his own and founded Lowercase Capital in 2007. He built his reputation and fortune on early investments in companies like Facebook, Uber, and Twitter.
In late 2014, he was introduced to a more general audience in the “Startup” podcast (in the process of being adapted to television by Zach Braff) and then to millions more when he joined the hit show “Shark Tank” as a guest investor the next year.
Sacca, known for his goofy cowboy shirts, wrote on the Lowercase Capital blog this week that he was “hanging up the spurs” and stepping away from startup investing and “Shark Tank” to focus on his young family and other projects. He will continue to advise the companies he’s invested in but his Lowercase Capital partner Matt Mazzeo will handle the portfolio. Sacca also said he’ll be launching his own podcast and hinted at involvement in a political project that doesn’t involve running for office.
Back in 2015, Sacca told “The 4-Hour Workweek” author and tech investor Tim Ferriss in an episode of Ferriss’ podcast that his ability to spot and develop startups that would become billion-dollar companies came from nearly 20 years of experience and the counsel of veteran investors like Josh Kopelman of First Round, Tony Conrad of True Ventures, and Hans Swildens of Industry Ventures.
He noted that luck is involved and that his intuition can be off sometimes — he still regrets declining to fund Airbnb and ignoring an early email inquiry from Snapchat cofounder Bobby Murphy — but his investment philosophy made him one of the Valley’s top names in the last decade. Here are its four elements he cited.
When Sacca and his Lowercase Capital partner Matt Mazzeo decide to invest their money into a company, they are also committing themselves to be advisers to its founders. Sacca said that if he’s going to make this commitment, he doesn’t need to think that he’ll be able to see a startup through to its IPO but, he explained, “I need to know that I can have a material impact to make something more likely to succeed.”
Anyone with a regular job has to work on projects that are assigned to them, whether they want to or not. Sacca said rookie investors are often so used to this mindset that they leave themselves too open to deals.
“When you get into investing, your default stance should be ‘No,’ because most deals suck,” he said. “Most deals won’t make money. Most companies will fail. And the temptation always is you see your first deal and you’re like, ‘OK, I know I can be helpful to these guys, I know I can make this s—-y thing better.’ And so your first few deals are always your worst.”
Sacca learned that it’s important to build a portfolio that allows for chances to make money from the “unicorns” (rare billion-dollar companies) and moderate successes by not spreading yourself thin, entering at a price that’s low enough, and making investments with a longterm perspective.
Sacca said that before he realized this, he once “sold a company to Amazon where I saw 3x on a $50,000 investment in a fund. By the time the fund got paid back … I had been busting my ass with that company for a couple years, and like I barely had enough money left to buy that [founder] dinner to celebrate the deal.”
Sacca said he’s unwilling to compromise on his integrity when he makes a deal, and it’s worked out for him.
“There’s stuff that I’ve passed on that I just don’t regret it at all,” he said.
Some examples he mentioned are advertising businesses that place deceptive ads on misspelled domains, subscription services that are intentionally difficult to cancel, products built on unsubstantiated claims, and social networks that utilize anonymous content.
“It seemed like a good way to make money,” Sacca said, “but I don’t have to explain to my kids that that’s how I’ve made money.”
You can listen to Sacca and Ferriss’s full, in-depth conversation on Ferriss’s site or wherever you get podcasts.
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NOW WATCH: Barbara Corcoran reveals what separates successful entrepreneurs from those that fail
April 29, 2017 at 07:21PM
from Richard Feloni
Recently, 10 Best SEO applauded leading New York City SEO companies with its Best NYC SEO Agency awards. The top businesses recognized in this category for April 2017 included Youth Noise and SEO…
(PRWeb April 27, 2017)
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April 27, 2017 at 06:19PM
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Plastc pre-order customers will receive a discount on the new EDGE smart payment card
(PRWeb April 27, 2017)
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April 27, 2017 at 06:19PM
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10 Best Design recently recognized a number of firms for their impressive performance, naming Big Drop Inc as the Best Web Designer for April 2017. Businesses that are seeking professional assistance…
(PRWeb April 27, 2017)
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April 27, 2017 at 06:19PM
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Forbes Technology Council Is an Invitation-Only Community for World-Class CIOs, CTOs and Technology Executives.
(PRWeb April 27, 2017)
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April 27, 2017 at 06:19PM
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Aurelio Gurrea M. retweeted:
Posted: Corporate Governance, http://ift.tt/2pZ6AZ0 by #wachtell #corpgov #shorttermism #shareholdervalue
April 23, 2017 at 07:24PM
https://twitter.com/agurreamartinez/status/856151482999205888
from Aurelio Gurrea M.
Posted: Corporate Governance, https://t.co/UM3tNql7Ki by #wachtell #corpgov #shorttermism #shareholdervalue
— HLS Corp Gov Program (@HarvardCorpGov) April 21, 2017
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EcoPlanet Bamboo is a US-based company that has established bamboo plantations in Nicaragua, South Africa and Ghana. Here’s how the company describes itself on its website: EcoPlanet Bamboo is an innovative forestry company focused on integrated bamboo plantations and associated processing. We focus on the provision of a secure and certified source of fiber for […]
April 21, 2017 at 07:25PM
from Chris Lang
Ocwen Financial Corp (NYSE: OCN) shares are down another 4.0 percent in early Friday trading after plummeting more than 50 percent on Thursday.
Date | Firm | Action | From | To |
---|---|---|---|---|
Apr 2017 | Compass Point | Upgrades | Neutral | Buy |
Jan 2017 | Compass Point | Downgrades | Buy | Neutral |
Oct 2016 | CL King | Downgrades | Buy | Neutral |
View More Analyst Ratings for OCN
View the Latest Analyst Ratings
April 21, 2017 at 07:29PM
from Wayne Duggan
Loop Capital Markets has given its stamp of approval for Visa Inc (NYSE: V)’s fiscal year second-quarter results.
Date | Firm | Action | From | To |
---|---|---|---|---|
Mar 2017 | Tigress Financial | Initiates Coverage On | Neutral | |
Jan 2017 | Keefe Bruyette & Woods | Upgrades | Market Perform | Outperform |
Jan 2017 | JP Morgan | Upgrades | Neutral | Overweight |
View More Analyst Ratings for AXP
View the Latest Analyst Ratings
April 21, 2017 at 07:26PM
from Shanthi Rexaline
Date | Firm | Action | From | To |
---|---|---|---|---|
Apr 2017 | Loop Capital | Upgrades | Hold | Buy |
Dec 2016 | UBS | Initiates Coverage On | Neutral | |
Oct 2016 | Citigroup | Maintains | Neutral |
View More Analyst Ratings for CLB
View the Latest Analyst Ratings
April 21, 2017 at 07:26PM
from Lisa Levin