Independent content creators who have seen a spike in their earnings are flocking to financial advisers, wealth managers and chartered accountants (CAs) to avoid tax troubles and plan investments in everything from financial instruments and real estate to startups. “The broad theme that we have learned while working on content creators’ portfolios is that the
Bernard Arnault, founder and CEO of luxury goods company LVMH and the fourth-richest person in the world, has reportedly made several investments in artificial intelligence (AI) companies. Arnault’s family office, Aglaé Ventures, has made five AI-related investments in 2024, CNBC reported Monday (Aug. 19), citing data provided to it exclusively by private wealth intelligence platform
Early-stage investment operation HIPstr has closed its $100 million debut fund. The company, launched by private equity executives David Moross and Mark Bezos — half-brother of Amazon founder Jeff — is an arm of HighPost Capital. “We launched HIPstr to capitalize on an attractive market opportunity driven by a reset in early-stage company valuations alongside
For Scott Trench, this all started with a park bench, someone else’s dog, and a stranger. Trench, in his first couple years out of college, was trying to figure out what to do with his life. And one late morning more than a decade ago, he found his answer: Out walking his friend’s dog, Trench
When most people talk about hurricanes, they talk about the storm itself—the dark, swirling experience of watching trees fall from the right side of a glass hurricane window. But I’m from Florida and I’m here to tell you: The hurricane doesn’t end when the storm ends—it ends when the power and gas comes back on.
High interest rates usually spell trouble for venture capital (VC) firms. But with a hot hand to play like AI and cybersecurity, and a shrewd evaluation strategy for potential investments, VC companies can still find plenty of opportunity. It’s a formula that Geneva-based Forestay Capital has worked effectively recently. On Monday (July 8), it announced
Fears of investing in the artificial-intelligence startup boom—and feeding a bubble like the one that devastated firms in the dot-com era—have investors wary of writing checks with the fervor of prior years. Fears of investing in the artificial-intelligence startup boom—and feeding a bubble like the one that devastated firms in the dot-com era—have investors wary
Exploration Laboratories, a startup focused on space resources, will accelerate work on technology to autonomously capture space objects, thanks to a $1.9 million Tactical Funding Increase (TACFI) from SpaceWERX. Southern California-based ExLabs announced a $1.7 million SpaceWERX Small Business Innovation Research contract in 2023 for autonomous capture and acquisition technology. The additional $1.9 million, split between government
Has the FinTech industry hit bottom after years of skyrocketing investments? That seemed to be the sentiment among some executives and investors at the Money20/20 event in Amsterdam earlier this month, CNBC reported Thursday (June 13). Among them was Iana Dimitrova, CEO of embedded finance startup OpenPayd, who told CNBC that the market has “recalibrated.”
Robinhood plans to buy crypto exchange BitStamp to expand its crypto business internationally even as it faces increased scrutiny by regulators at home. The financial services company said Thursday it would buy BitStamp for $200 million in cash to help it expand its crypto business worldwide. Founded in Slovenia in 2011, BitStamp has a major