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- Disney invests 1.5 billion in Epic Games
Disney invests 1.5 billion in Epic Games
Plus: Understanding incentives in venture capital
Cash Nut
February 08, 2024
Together with
šStartups 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. Hereās 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 ābeen there done thatā types. This article explores what to look out for when scouting for this type of talent.
Sometimes founders and investors arenāt 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. Thatās 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.
šBusiness 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, ādurable growthā companies in North America. Donāt 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 āsustainable, profitable growth for Uberā as consumer spending continues to shift from retail to services.
š±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 USās 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
šMiscellaneous
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 Karinās new bionic limb, a multidisciplinary group of engineers and surgeons from Sweden, Australia and Italy created what theyāre calling a revolution for those suffering limb loss, fusing surgery, implants and AI.
š”What else are we reading and seeing?
Why Metaās dividend is so valuable
Drug companies scramble to boost production of weight-loss drugs
Top US consultancies face scrutiny over role in Saudi Arabiaās sports push
The creator of Bitcoin could be revealed at an upcoming trial
Snap doesnāt get its Meta moment
A few thoughts on spending money
Jay Shettyās 5-step exercise for staying mentally grounded
8 times you should slow down at work
šFun 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
š„ 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 Americaāand distills a lifetime of business brilliance into a tactical road map. |
From provocative recommendations for ārearranging your brainā - an essential prerequisite to accomplishing enormous goalsāto practical advice for dealing with colleagues, Jacobs will have you rethinking what it means to win big. He explains why itās critical to spot key trends and capitalize on them, including the biggest trend of allāthe 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. |
āBrad is a brave thinker who challenges others to do the same.ā |
š¦Joke of the Day
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