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Disney invests 1.5 billion in Epic Games

Plus: Understanding incentives in venture capital

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Cash Nut
February 08, 2024

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🚀Startups Nuts

Everything we do requires us to evaluate whether the potential outcome is worth the amount of time (ie. life) we need to sacrifice in order to achieve it. Building a startup is a big investment of your time. Here’s a long framework you can use to assess whether an opportunity - be that launching a startup or embarking on a new career - is worth the investment.

Hiring junior talent with ambition and a high learning velocity can sometimes be a better strategy than hiring the more senior “been there done that” types. This article explores what to look out for when scouting for this type of talent.

Sometimes founders and investors aren’t aligned. Investors want to see a path toward an outcome that works for their funds and returns models. Understanding their desired outcomes enables you to better work together.

News. Without Motives. That’s 1440. Join Today!

Frustrated by biased news? Tired of trying to sift through 100s of news sources to find the facts? Leave behind the opinions and receive a daily digest of pure facts. Say hello to 1440! Delve into politics, business, science, sports, culture, and more. Join the other 3 million Americans who read 1440 each morning. 

🏭Business Nuts 

  • Disney has announced plans to invest $1.5 billion into Epic Games for an equity stake. The partnership will see the companies collaborate on an all-new games and entertainment universe.

  • Spotify's Q4 2023 financial report reflects growth in subscribers and monthly users despite layoffs and a loss.

  • WeWork co-founder Adam Neumann, who stepped down in 2019, is attempting to buy the company out of bankruptcy. Neumann's current venture, Flow, is a residential real estate outfit focused on rentals. Flow received a $350 million investment from a16z in August 2022.

  • Bill Ackman will open an NYSE-listed fund for regular investors. It's a Closed End Fund. Investing in 12 to 24 large-cap, investment-grade, “durable growth” companies in North America. Don’t have a performance fee in place. Ackman is waiving the management fee for the first 12 months and after the first year will charge a flat 2% fee

  • Uber posted its first annual profit since its IPO. The company's revenue for the quarter was up 15% from the same quarter last year to $9.94 billion. CEO Dara Khosrowshahi said 2023 marked a year of “sustainable, profitable growth for Uber” as consumer spending continues to shift from retail to services.

📱Tech Nuts

  • Mozilla introduces a new subscription service that proactively removes users' leaked personal information from numerous data broker website.

  • Apple's Vision Pro headset is slated for release in China by May, with ongoing trademark negotiations with Huawei for the name

  • YouTube is experimenting with color-filtered video recommendations for a tailored visual browsing experience.

  • The U.S. Department of Transportation has issued a warning against using Apple Vision Pro headsets while driving due to the distraction they pose

  • YouTube TV is the US’s 4th-biggest cable TV provider, with 8 million subs. bundles over 100 channels into one of the most expensive streaming subscriptions at $73 a month

🎁Miscellaneous

Karin, dubbed "the real bionic woman," is the first to receive a robotic limb that integrates with her nervous and skeletal systems, offering new hope for amputees. Karin, a 50-year-old woman from Sweden, had the intelligent artificial limb fitted a few years ago after losing her right hand in a farming accident more than 20 years ago. To develop Karin’s new bionic limb, a multidisciplinary group of engineers and surgeons from Sweden, Australia and Italy created what they’re calling a revolution for those suffering limb loss, fusing surgery, implants and AI.

💡What else are we reading and seeing?

😎Fun Fact

The term "millionaire" was first coined in the early 19th century to describe individuals with a net worth of at least one million dollars

🔥 Hot Book of the Day

During his more than four decades as a CEO and serial entrepreneur, Brad Jacobs has created seven flagship companies across different industries, delivering tens of billions of dollars of value to shareholders. In How to Make a Few Billion Dollars, Jacobs defines the mindset that drives his remarkable success in corporate America―and distills a lifetime of business brilliance into a tactical road map.

From provocative recommendations for “rearranging your brain” - an essential prerequisite to accomplishing enormous goals―to practical advice for dealing with colleagues, Jacobs will have you rethinking what it means to win big. He explains why it’s critical to spot key trends and capitalize on them, including the biggest trend of all―the rapid evolution of technology relative to human development.

How to Make a Few Billion Dollars is an inside look at how this entrepreneurial titan leads with humility, compassion, and accountability, while running hard toward the American Dream. If your personal dream is to create wealth through free markets or to triumph in sports, the arts, politics, philanthropy, or any other part of your life, this book will help you make that a reality.

“Brad is a brave thinker who challenges others to do the same.”

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