There’s a startup in New York everyone talks about, and the things they say aren’t very nice.
The startup sold for ~$80 million and the founders got rich. But, as the rumors go, no other employee made more than $50,000.
That’s a common exit scenario. The founders put in a lot of risk in the beginning, and they alone get wealthy if their company is a success.
But we found a few seasoned founders have begun to set a different precedent. Their goal — in addition to creating strong products and strong financial outcomes for themselves — was to create great outcomes for the people they worked with, even if their options hadn’t fully vested. As a result, these CEOs turned one-third to one-half of their employees into millionaires when their startups sold for hundreds of millions of dollars.
Read more: http://www.businessinsider.com/non-greedy-startup-ceos-who-turned-employees-into-millionaires-2014-9
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Intressting Jack Dorsey Interview.
Tags: success, startup
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The question of how Uber would spend its billion-dollar investment was never really much of a riddle. More rides in more places has always been the plan. But with its ten-figure cushion, the San Francisco-based ride-hailing startup can be more cunning about how it tries to get huge. Uber wants to grow…
Tags: $, york, success, startup
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Often, the only way to get ahead is to have a great plan. Which is exactly what makes the companies below so special. It's not just that they're making the big bucks (and they are doing that). This small group of companies from the Inc. 5000 class of 2014 are notable for their…
Tags: read, great, success, startup
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Let’s start with the premise that Twitch, the video-game watching network, is the next ESPN – you know, the jewel in Disney’s crown that, by itself, is worth $50.8 billion. Like ESPN, Twitch is about live competition, and, like ESPN, Twitch does exceptionally well in the highly desirable young male demographic.1 Obviously…
Tags: $, company, success
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Source : https://medium.com/i-m-h-o/good-and-bad-reasons-to-become-an-entrepreneur-decf0766de8d Recently we hosted a Q&A at Asana that I participated in with Ben Horowitz, Matt Cohler, and Justin Rosenstein. Marcus Wohlsen from Wired attended and wrote an article that discussed our views on the culture of entrepreneurship in Silicon Valley. This is an important topic, so I want…
Tags: people, company, great, success, startup
Global investors are lending money to Chinese property developers in record amounts this year, in spite of a deteriorating housing market and warnings from rating agencies over the state of the sector.
Offshore bond issuance from mainland property companies is on track for a record year, with $18bn of debt sold year to date, according to Dealogic – fast approaching the $19.5bn total for all of 2013. The year’s biggest deal came in July, when Sino-Ocean Land borrowed $1.2bn in the dollar bond market.
The rise in offshore borrowing has coincided with tighter credit conditions within China that have forced developers to look overseas for funding.
Beijing has been trying to reduce leverage in the domestic economy following a period of rapid credit expansion. As a result, banks have cut back on lending to certain sectors and the growth of alternative funding channels such as trust loans has slowed.
Falling housing sales have also hit the most important cash generator for developers. Sales have dropped 8.2 per cent so far this year by value, while price cuts introduced to entice buyers have dented margins.
Read more here : http://on.ft.com/1rc70Ey via @FT
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China's central bank is prepared to take its strongest action since 2012 to loosen monetary policy if economic growth slows further, by cutting the amount of cash that banks must keep as reserves, sources involved in internal policy discussions say. A cut would be triggered if growth slips below 7.5…
Tags: banks, cent, growth, year, trading, rise, state, cut, cash, conditions
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The yuan will be able to trade as much as 2% on either side of a daily central bank reference rate, compared with the current 1%
Tags: trading, dollar, china
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The Global Financial Crisis has increased the importance of the renminbi as an international currency. This column describes how the status of the remnibi has changed relative to that of the dollar and the euro. It also discusses what their future as future currencies would be. The author suggests that…
Tags: china, growth, dollar, bond, debt, global, trading
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For 31-year old Beijing resident Wang Yuanzhi, talk about a bubble in Chinese property is not something to be too concerned about. "If you look at the real estate market in China, it has already seen a golden decade of extreme fast growth. There will still be room for growth…
Tags: market, china, growth, housing, chinese, property, beijing, year, fast, economy
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Professor Shiller provides a description of the course, including its general theme, the relevant textbooks, as well as the interplay of his course with Professor Geanakoplos's course "Economics 251--Financial Theory." Finance, in his view, is a pillar of civilized society, dealing with the allocation of resources through space and time…
Tags: china, trading
The Swiss National Bank’s foreign exchange reserves inched higher in August, data showed on Friday.
The SNB held 453.799 billion Swiss francs in foreign currency at the end of August, compared with 453.353 in July, revised from an originally reported 453.391 billion, preliminary data calculated according to the standards of the International Monetary Fund showed.
The SNB capped the soaring franc in September 2011 to help stave off recession and the threat of deflation and was forced to intervene heavily in 2012 as the euro zone crisis flared, swelling its already large foreign currency reserves.
But with low EurChf we may see a big change soon
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Press conference following the meeting of the Governing Council of the European Central Bank on 4 September 2014 at its premises in Frankfurt am Main, Germany, starting at 2:30 p.m. CET: Introductory statement by Mario Draghi, President of the ECB. Question and answer session. Registered journalists pose questions to Mario Draghi, President…
Tags: september, central, bank
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Europe is back. In 2013, the economies of the Continent picked themselves up off the mat, many buoyed by the continuing pledge that the European Central Bank and its president, Mario Draghi, would do "whatever it takes" Source URL
Tags: bank, central
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Sorry, if you’ve heard this before, but it is crunchtime for Greece and its international creditors. Indeed, things haven’t been this dire since the last time they were this dire. But cynicism aside, it is clear that Greece is running out of money and eventually default will be unavoidable…
Tags: international, euro, central, bank, fund, monetary, july, billion
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Japanese Prime Minister Shinzo Abe said on Wednesday it was up to the central bank to decide on specific monetary policy means to ensure its 2 percent inflation target will be achieved. "The Bank of Japan has said it will take necessary adjustments taking into account upside and downside risks…
Tags: bank, central, monetary
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Imagine Fed Governor Rip van Winkle started his nap at the beginning of 2007 and just woke up to find that inflation is close to the Fed’s objective and the unemployment rate is at its 30-year average. You could forgive him for expecting the federal funds rate to be close…
Tags: bank, central
The Labor Department’s initial estimate of August job growth on Friday is expected to show another solid month of hiring. Economists surveyed by The Wall Street Journal forecast the economy added 225,000 jobs, which is roughly in between the 12-month average of 214,000 and the 3-month average of 245,000. The unemployment rate is expected to drop to 6.1% after ticking up to 6.2% in July. Beyond those headline figures, here are five things to watch on Friday.
Read the 5 things to watch here : http://blogs.wsj.com/briefly/2014/09/04/5-things-to-watch-in-fridays-jobs-report-2/
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Employers in the U.S. boosted payrolls and the unemployment rate held at 6.7 percent even as more Americans entered the labor force, showing steady progress that will prompt Federal Reserve policy makers to continue reducing stimulus while keeping interest rates low. Payrolls rose 192,000 last month after a 197,000 gain…
Tags: labor, unemployment, jobs, average, growth, forecast, department, rate, month, usa
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The following are the expectations for the minutes of the January FOMC meeting by the economists at Bank of America Merrill Lynch, Citibank, Morgan Stanley, Barclays Capital, and other leading banks. http://www.efxnews.com/
Tags: economists, usa, fed, economy
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Perhaps the most notable development in the run-up to Friday's jobs report is just how low the bar has been set. The fact that the survey period over which the U.S. Bureau of Labor Statistics collected data for the report (the week that included the 12th of February) coincided with…
Tags: report, jobs, economists, month, forecast, hiring, labor, street, usa, nfp
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U.S. economy added 533,000 jobs during the first three months of the year What do we need to analyse ? -To keep pace, job creation would need to accelerate in April -Watch which sectors of the economy are adding jobs. -Flirting with Full Employment -Average hourly earnings -The participation rate…
Tags: nfp, jobs, economy, watch, usa, rate, month, average, job
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Is there something seriously wrong with the economy? It's a scary prospect, and a concern that's gotten louder and louder over the past year. In economic circles, it goes by the alliterative name of "secular stagnation." And it's a phrase that Fed watchers are likely to hear more and more in the…
Tags: growth, economy, fed, trading
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