FoundersGrid Weekly News Round Up, 6th February 2019

In 1999, Bill Gates wrote a book titled Business @ the Speed of Thought.  In the book, Gates made 15 bold predictions that at the time have sounded outrageous.  But as Markus Kirjonen, a business student, once noted on his blog, Gates’ forecasts turned out to be eerily prescient.

Amazon stock drops sharply during earnings call after company warns of increased investments
Amazon shares dropped more than 5 percent in extended trading after the company warned of increased spending this year, following a relatively slow investment period in 2018. Amazon CFO Brian Olsavsky noted during the call with analysts that the company had significantly scaled back investments last year, across hiring and capital expenditures — and that spending is now likely to pick up.

How a surprise breakfast burrito helped Twilio Acquire SendGrid in a $3Billion deal
When business software companies Twilio and SendGrid announced they were joining forces in October, to many industry trackers, the deal felt like a no-brainer. But the all-stock acquisition of SendGrid — worth about $3 billion at the prices of Friday’s close — came closer to falling apart than the logic of the combination would suggest.

 “Just get it fixed”: Big business plans all-out blitz on Washington to end Trump’s trade war
A Coalition of more than 200 trade associations spanning agriculture, manufacturing, retail, technology, oil and even liquor will begin a new two-pronged attack next week to try to end the policies they see as damaging.  The campaign, called Tariffs Hurt the Heartland, will involve blanketing Capitol Hill with farmers and other business owners, plus debuting an ad aimed at parents that essentially says the trade war might be endangering babies.

Amazon sellers get caught in US-China trade spat as money transfer service abruptly closes
Many big Amazon sellers received a notice this week from a company they rely on for international money transfers. The message from WorldFirst, which is based in London, was alarming: its U.S. business was closing immediately.

Goldman Sachs chief economist bucks the market and still expects one Fed rate hike in 2019
Goldman Sachs Chief Economist Jan Hatzius is expecting the Federal Reserve to hike interest rates at least once this year, despite the prevailing market view for zero or even a rate cut.

Bill Gates made these 15 predictions back in 1999 – and it is scary how accurate he was
In 1999, Bill Gates wrote a book titled Business @ the Speed of Thought.  In the book, Gates made 15 bold predictions that at the time have sounded outrageous.  But as Markus Kirjonen, a business student, once noted on his blog, Gates’ forecasts turned out to be eerily prescient.

Here’s how to achieve extreme success as detailed by a 33-year-old self-made multimillionaire
In his mid-20s, Sam Altman sold the Silicon Valley start-up he founded for $43.4 million. Now Altman is famous for being a partner at legendary start-up shop Y Combinator, which has funded start-ups (including the likes of Aribnb and Dropbox) that are now worth a combined total of over $100 billion.

A quick guide to the US-China trade war
After months of hostilities, a breakthrough of sorts came in December. Both countries agreed to halt new trade tariffs for 90 days to allow for talks. They imposed a deadline of early March to resolve their differences, or the battle may heat up again.

World’s largest pension fund loses $136 Billion in three months
The world’s biggest pension fund posted a record loss after a global equity rout last quarter pummeled an asset class that made up about half of its investments.

If you want to succeed in digital health, stop calling yourself a “start-up”
Seven years ago, Sean Duffy, the CEO of Omada Health, a company (not a start-up), was in a rented conference room across from the medical director of a major health plan.  The potential partner believed deeply in their mission, clinical data, and potential value, and yet raised concerns about the company being so young.  They needed this customer to mature their business, but they also need to demonstrate maturity to close the customer.

COMMUNITY NEWS

  • Uber prices in NYC are about to go up because drivers are getting a wage hike.  Link
  • Even Gwyneth Paltrow had a hard time raising VC.  Link
  • If you invested $1,000 in PepsiCo 10 years ago, here’s how much you’d have now.  Link
  • Kleiner Perkins gets back to early-stage with its $600M 18th fund.  Link
  • New app Squad makes hanging out with your friends easier.  Link
  • Tesla Model 3 owners vent about polar vortex affecting cars.  Link
  • Greed is making a serious comeback on Wall Street.  Link
  • Amazon hits its first $200billion sales year but growth is slowing.  Link
  • Stripe rides the online payments boom to a $22.5 billion valuation.  Link
  • Fintech start-up Acorns valued at $860 million after latest funding round.  Link

 

 

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