There’s a question I’ve been turning over for years, both as a founder and as an early-stage investor: What separates the people who build something truly extraordinary from those who build something merely good? I’ve had an unusual amount of pattern recognition to draw on. I’ve backed 18 companies that have crossed $100 million in…
Every few months, our firm is handed a set of accounts that look immaculate and mean almost nothing. The statutory audit is signed. The ratios are healthy. And somewhere inside the consolidation, a related-party loan here, a round-tripped receivable there, a subsidiary that exists only to move numbers between pockets, the real company is hiding…
The British oil giant reported net profit of $5.7 billion in the second quarter, surpassing Wall Street consensus.
The growing popularity of pre-IPO investing and the lure of quick returns have drawn a wave of retail investors to unlisted shares. At the same time, several online platforms have emerged claiming to offer “easy access” to these investment opportunities. However, the Securities and Exchange Board of India (SEBI) has repeatedly warned investors against buying…
AI disruption is adding 15 basis points to the unemployment rate at present, says Morgan Stanley
Complex problems rarely have simple solutions. Yet we are constantly encouraged to believe they do. Inflation rises? Raise interest rates. A war begins? Negotiate peace. Economic growth slows? Stimulate demand. Markets become volatile? Wait for the Fed to cut rates. Simple answers are comforting because they suggest the uncertainty will soon be behind us. Unfortunately,…
The Securities and Exchange Board of India (SEBI) has introduced the Green-Channel: AIF Rollout Upon Document Acknowledgement (GARUDA) framework, allowing eligible Alternative Investment Fund (AIF) schemes to launch within 10 working days of filing their Private Placement Memorandum (PPM), unless the regulator raises objections. The new framework replaces a process that often took around a…
For one senior executive in the lending space, the more important question is not where rates will be in 12 months but whether the payment a buyer signs up for today is sustainable regardless of what happens next. Erik Schmitt (pictured top), head of consumer direct sales at Chase Home Lending, said the industry has…
While the latest advances in artificial intelligence have our industry buzzing with equal parts excitement and apprehension, they are also exposing a long-standing issue: fragmented tech stacks. These are the byproducts of an industry historically served by a patchwork of purpose-built tools layered with incremental upgrades and add-ons that were never designed for or prepared…
First-Time Homebuyer Programs in Illinois Illinois homebuyers can get help with down payments and closing costs with these programs through the Illinois Housing Development Authority. Available to: Eligible first-time and repeat homebuyers with at least a 640 credit score can qualify. Income limits: Vary by county (see IHDA income limits) First-time homebuyers only? No Loan…