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In today’s big story, we’re looking at the chances of there being no rate cuts this year, and how the markets would react. What's on deck:This story is available exclusively to Business Insider subscribers. The big storyCuts are canceledAaron Schwartz/Xinhua via Getty ImagesDon't count your chickens before they hatch and don't price in your rate cuts before they materialize. Last December, Fed Chair Jerome Powell signaled that three cuts were on the table for 2024, which he reiterated earlier this month. AdvertisementBonds could struggle, though, with further delays on rate cuts raising the risk that debt markets suffer another meltdown like they did last fall.
Persons: , Mark Zuckerberg, Aaron Schwartz, , won’t, Jerome Powell, Phil Rosen, There's, BI’s Yuheng Zhan, NYCB’s, Ark's Cathie Wood, Paul Judge, Tessa Flippin, Claude Grunitzky, Gayle Jennings O'Byrne, Black VCs, Masayoshi Son, OpenAI’s, Jenny Chang, Rodriguez, Vladimir Putin, Donald Trump, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, UFC, Business, Xinhua, Getty, Federal, Paramount, Fed, Big Tech, JPMorgan Private Bank, Discover, Discover Financial, Nvidia, Opportunity, Equity Alliance, Wocstar Fund, Opportunity Fund, Equity Alliance Wocstar, Google, Walmart, Pandora, Home Locations: Japan, Ukraine, Moscow, Russia, Fox, New York, London, Chicago
Loyst founded Gen Z VCs, a community of over 25,000 young investors, founders and operators. A plurality of young investors and founders said they wanted venture capital to be more accessible. AdvertisementAdvertisementFor newcomers, the clubby world of venture capital can often seem like a black box. AdvertisementAdvertisementAccording to her poll, 45% of respondents said they wished the venture capital industry was "more accessible" to newcomers. AdvertisementAdvertisementLoyst's survey responses are reflective of how many young investors and founders feel shut out of the venture capital industry today, which could potentially get worse during the venture capital downturn.
Persons: Loyst, Z, , Meagan Loyst, Hippeau Organizations: Service, Black Venture, Venture, Sequoia, Forbes, Oxford University
A bank run took down Silicon Valley Bank on March 10, as depositors withdrew $42 billion in a single day. And that’s why we’ve gone to community banks and regional banks such as SVB,” Bradley said. SVB’s collapse could spark future change, entrepreneur saysBecause of these disparities, entrepreneurs also seek funding from venture capitalists. In the early 2010s, Hamilton intended to start her own tech company — but as she searched for investors, she saw that White men control nearly all venture capital dollars. That experience led her to establish Backstage Capital, a venture capital fund that invests in new companies led by underrepresented founders.
I thought I was going to work at Salesforce my entire life; I was there for almost 12 years. But a turning point happened in my career — and really, my life — after my husband and I had a jarring conversation. On the drive home, my husband said, "You are really hard to be around right now." At Ironclad, I still worked hard — that's just who I am — but this time I worked smarter. Creating these boundaries and learning how to stick to them has helped me understand that I set the limits of my work life — not the company I work for.
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