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☆ Remote work is 'not a great deal' for companies, says Craft Venture's David Sacks
▼ + stars: | 2023-06-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRemote work is 'not a great deal' for companies, says Craft Venture's David SacksDavid Sacks, Craft Ventures founder, joins 'Last Call' to discuss why he thinks work from home is bad for companies following Meta's hybrid work announcement.

Persons: Venture's David Sacks David Sacks Organizations: Craft Ventures

☆ Trump has already shattered the lead DeSantis seemingly held in polling: Monmouth
▼ + stars: | 2023-05-30 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

Ron DeSantis led all listed Republican candidates in a Monmouth University poll. New polling from Monmouth University shows that Trump now leads the governor by 24 percentage points. Ron DeSantis in polling in recent months, shattering the lead held by the leader of the Sunshine State, according to a recent Monmouth University poll. In December 2022, DeSantis was the leading candidate among Republican and Republican-leaning respondents to Monmouth University's poll, drawing in 39% support to Trump's 26%. While DeSantis took his time to announce his run for president, Trump picked up a bevy of GOP endorsements including more than 50 representatives, 11 senators, and two governors.

Persons: Ron DeSantis, DeSantis, Donald Trump's, Trump, —, Donald Trump, Elon Musk, David Sacks, FiveThirtyEight, who've, Byron Donalds, Doug Steube Organizations: Florida Gov, Monmouth University, Service, Sunshine State, Elon, GOP, Republican, Trump, DeSantis, Rep, Representatives, Disney Locations: Florida, Monmouth

☆ Elon Musk warns house prices are set to plunge - and says commercial real estate is in meltdown
▼ + stars: | 2023-05-30 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

Brace for the intense pressure on commercial real estate to spread to house prices, Elon Musk says. "Commercial real estate is melting down fast. Investors are worried about real estate in a period of higher interest rates and tighter lending. "Commercial real estate is melting down fast. JPMorgan estimated that about $450 billion in commercial real-estate debt set to expire this year could default.

☆ (Analysis) DeSantis' Twitter launch disaster shows Musk's platform isn't ready for prime time
▼ + stars: | 2023-05-25 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

DeSantis had granted Musk his first official 2024 interview, snubbing Murdoch’s Fox News in the process for the prized media appearance. Reporter breaks down how Twitter is seizing Fox News' conservative momentum 01:09 - Source: CNNBut Wednesday’s events proved that to be far from the case, with Musk’s Twitter Spaces event being marred by embarrassing technical glitches. The sound repeatedly cut in and out, ultimately leading to Musk ending the Spaces event and starting a fresh one under Sacks’ account. Once the second Twitter Spaces finally got going, DeSantis, Musk, and Sacks predictably trained their attention on bashing the establishment press. It was something of great irony to listen to: A Twitter Spaces event centered on attacking legacy media while simultaneously failing horribly at replicating what legacy media outlets do on a daily basis.

☆ Florida Gov. Ron DeSantis joins presidential race, taking on Trump for GOP nomination
▼ + stars: | 2023-05-24 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Republican gubernatorial candidate for Florida Ron DeSantis with his wife Casey DeSantis speaks to supporters during an election night watch party at the Convention Center in Tampa, Florida, on November 8, 2022. Ron DeSantis announced the launch of his 2024 presidential campaign on Wednesday, setting the Republican contender on a collision course with former President Donald Trump in the race for the GOP nomination. Musk then started a new Twitter Spaces where DeSantis announced his presidential bid. Trump and his allies have assailed DeSantis' record, his political abilities and even his personality, while amplifying negative news about the governor. That result showed Trump extending his gains and DeSantis losing ground from a previous Quinnipiac survey in late March.

Persons: Florida Ron DeSantis, Casey DeSantis, Ron DeSantis, Donald Trump, DeSantis, Elon Musk, David Sacks, Musk, Bryan Griffin, Trump, Read Organizations: Florida, Convention, Florida Gov, GOP, Fox News, Democratic, Trump, Trump PAC, Quinnipiac University, Republican Locations: Tampa , Florida, DeSantis, Quinnipiac

☆ TikTok sues Montana to reverse state's ban of the app
▼ + stars: | 2023-05-22 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

TikTok has filed a federal lawsuit against Montana in response to a recently passed state law that would ban the popular video service in the state. The lawsuit, filed Monday in the United States District Court for the District of Montana, is intended to "prevent the state of Montana from unlawfully banning TikTok," lawyers for the app's parent company, ByteDance wrote. Last week, Montana became the first U.S. state to ban TikTok over allegations the Chinese government can use the app for intelligence-gathering operations. TikTok disputes Montana's allegations the Chinese government "could access data about TikTok users, and that TikTok exposes minors to harmful online content," the lawsuit said. With the lawsuit, TikTok hopes the court finds Montana's ban "unconstitutional and preempted by federal law."

Persons: TikTok, ByteDance, Greg Gianforte, Plaintiff, Shou Zi Chew, Banning, David Sacks Organizations: United States, Court, District of, Constitution, Apple, Montana Gov, Communist Party, Oracle, Craft Ventures Locations: Montana, District of Montana, U.S, United States, Texas

☆ Watch CNBC's full interview with Craft Ventures Co-Founder David Sacks
▼ + stars: | 2023-05-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Craft Ventures Co-Founder David SacksDavid Sacks, Craft Ventures co-founder and partner, joins 'Closing Bell Overtime' to discuss recent legal rulings in the Big Tech space including this week's Supreme Court ruling in favor of Big Tech, Montana's decision to ban TikTok and more.

☆ China-Taiwan tensions could grip 2024 election as top business leaders sound alarms
▼ + stars: | 2023-05-19 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +12 min

China's policy regarding Taiwan, the world's leader in the semiconductor industry, could end up making it an even bigger focus. The cross-strait strife has already provoked commentary from some top contenders in the Republican presidential primary race who have stressed the need to deter a possible Chinese invasion invasion of the island. But I think ultimately what I think China respects is strength," DeSantis said. 'Like trying to separate conjoined twins'But the political will to defend Taiwan in a Chinese invasion may clash with economic forces. Some CEOs of America's biggest banks have said they would pull their business from China if directed to do so following an invasion of Taiwan.

☆ Banning TikTok at a state level 'doesn't make sense', says Craft Ventures' David Sacks
▼ + stars: | 2023-05-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBanning TikTok at a state level 'doesn't make sense', says Craft Ventures' David SacksDavid Sacks, Craft Ventures co-founder and partner, joins 'Closing Bell Overtime' to discuss recent legal rulings in the Big Tech space including this week's Supreme Court ruling in favor of Big Tech, Montana's decision to ban TikTok and more.

☆ We'd be fooling ourselves if we think we can be self-reliable on chips, says CFR's David Sacks
▼ + stars: | 2023-05-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe'd be fooling ourselves if we think we can be self-reliable on chips, says CFR's David SacksJohn Rutledge, Safanad chief investment strategist, and David Sacks, Council on Foreign Relations fellow, join 'Squawk on the Street' to discuss Elon Musk's recent comments on China, how Xi Jinping considers Russia's actions and what Apple should do with its business in China.

☆ 9 bits of wisdom that my mentors from PayPal, Facebook, and LinkedIn gave me that I still use today as a CEO
▼ + stars: | 2023-05-02 | by ( Deb Liu | ) www.businessinsider.com time to read: +15 min

Mentors can give us advice and guidance, helping us in ways that others, who are too close to the problem, never can. When I sought her advice, she didn't tell me where I should choose to go; instead, she gave me this kernel of wisdom. He advised me to defer my acceptance and try to get into business school instead. I was about to learn that the skills that make you a great individual contributor PM do not always make you a great manager. If you don't have a mentor, I highly recommend finding one (check out my last post on mentors for tips!).

☆ Analysis: Heroes or villains: Short sellers' role in the U.S. bank crisis
▼ + stars: | 2023-04-09 | by ( Lawrence Delevingne | ) www.reuters.com time to read: +7 min

How much short sellers contributed to the downward spiral reprises the debate about whether so-called shorts are market watchdogs or opportunistic investors who profit from others’ misery. In the case of the banking crisis, a review of data and interviews with short sellers and their critics show, the answer may be both. Some high profile short sellers were later celebrated as making prophetic calls about the U.S. housing market. Even so, interviews and public postings show at least some short sellers had placed bets against regional banks well before the crisis hit. SHORT POSITIONSSuch early short sellers, however, were in the small minority.

Rocket Mortgage customers can get a huge value from the new Rocket Visa Signature Card. David Sacks/Getty ImagesThe new Rocket Visa Signature® Card is hands-down the best credit card for those looking to close on a house. The new Rocket Visa Signature® Card is the closest we've ever seen to a "5% everywhere" credit card. As you may have guessed, the Rocket Visa Signature® Card was created to thrive within the Rocket Mortgage ecosystem. Rocket credit card rewardsThe card earns 5 Rocket points per dollar for all purchases.

☆ A popular post on Blind says all tech workers who got jobs during the pandemic were 'charity cases,' but getting hired now at a big tech company will actually mean something
▼ + stars: | 2023-03-20 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

A popular post on workplace forum Blind calls tech workers hired during the pandemic "charity cases." One popular post on the anonymous workplace forum Blind takes that a step further, saying tech employees brought on during the pandemic were "charity cases." Tech companies added many new employees to their ranks during the pandemic, when business was booming for the sector. At the time time, other commenters on the popular Blind post defended employees who got tech jobs during the pandemic. "Also I refuse to believe I am some charity case, I was good enough for the company, did their process and got hired.

Greg Becker, who was the longtime CEO of Silicon Valley Bank, pictured last year. "Looks like Silicon Valley Bank is in some deep shit," Uncommon Capital general partner Jamie Quint tweeted. Startup founders scrambled to get their funds out of Silicon Valley Bank after its collapse. Andreessen Horowitz announced this week that it will continue banking with Silicon Valley Bank "for the foreseeable future" but is crafting a longer-term plan to diversify. Even so, he added, "I think we'd be supportive, as they stabilize, for them to be one of many partners that our founders bank with."

☆ SVB is the first social media bank run in history. The crisis will change the banking industry forever.
▼ + stars: | 2023-03-14 | by ( Kali Hays | ) www.businessinsider.com time to read: +7 min

It's an all out bank run," founder Howard Lerman tweeted on Thursday when SVB was trying to raise new capital. "The thing about a bank run is that there's no upside to keeping your money in the at-risk bank," wrote Xavier Helgesen of Enduring Ventures the same day. Another deleted tweet says, "As one of probably the few founders to go through a modern bank run, get your money out now. Some tech types who banked with SVB have even deleted tweets they put out in support of the bank. 'MONDAY, BLOODY MONDAY'Meanwhile, Jason Calcanis and David Sacks, tech founders turned investors, have been tweeting about little but SVB since Thursday.

That's the question posed by certain members of the Silicon Valley elite who are attributing layoffs to a boom-time phenomenon: over-hiring and "fake" work. A particular view of 'work'This concept of fake work is rooted, at least partly, in political disagreement. Several of the tech figures pushing these ideas lean Republican, in contrast to the left-leaning tech workers they're lambasting. He and others pushing a grind culture are motivated, as tech employees commenting on the workplace app Blind noted. "I think it's a false narrative to say many people do fake work, especially when companies already deploy workplace monitoring tools."

☆ Silicon Valley Bank's meltdown shows that tech's elites need the government after all
▼ + stars: | 2023-03-13 | by ( Emilia David | ) www.businessinsider.com time to read: +4 min

The Silicon Valley Bank meltdown is teaching the tech industry that regulators are sometimes needed. Tech's relationship with regulation has long been contentiousGovernment regulations, some of tech's most vocal figures contend, can stifle innovation and creativity. "I would suspect that this failure will result in some significant changes to banking regulation," Griffin said. "My logic for that is it isn't sustainable to have a run on a bank triggered mainly on Twitter." Very few in the VC world believe that the move to protect depositors will be bad for the industry's overall health.

☆ Investors implore the government to step in after Silicon Valley Bank failure
▼ + stars: | 2023-03-11 | by ( Matt Rosoff | ) www.cnbc.com time to read: +5 min

Big names in Silicon Valley and the finance sector are calling publicly for the federal government to push another bank to assume Silicon Valley Bank's assets and obligations after the financial institution failed on Friday. But the vast majority of SVB's customers were businesses that had more than that on deposit at the bank. As of December, more than 95% of the bank's deposits were uninsured, according to regulatory filings. Investors are concerned that these failures could reduce confidence in the banking sector, particularly mid-sized banks with under $250 billion in deposits. "This was a hysteria-induced bank run caused by VCs," Ryan Falvey, a fintech investor at Restive Ventures, told CNBC on Friday.

That's the question posed by a certain members of the Silicon Valley elite who are attributing layoffs to a boom-time phenomenon: over-hiring and "fake" work. "There's nothing for these people to do — they're really — it's all fake work," he said. A particular view of 'work'This concept of fake work is rooted, at least partly, in political disagreement. Several of the tech figures pushing these ideas lean Republican, in contrast to the left-leaning tech workers they're lambasting. "I think it's a false narrative to say many people do fake work, especially when companies already deploy workplace monitoring tools."

☆ 'Gnarly term sheets' and a 'terrible deal for founders:' VC heavyweights are raising alarms about the buildup of startup venture debt, warning it could imperil future deals
▼ + stars: | 2023-02-11 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +5 min

But now some industry heavyweights are raising the alarm about the massive build up of venture debt, warning it could imperil future deals. Why startups raise debtStartups tend to raise venture debt alongside traditional equity. "Venture debt makes sense in an environment in which founders are generally able to raise the next round and then pay back the venture debt." A venture debt reckoningSamir Kaji, a former venture debt lender and host of the Venture Unlocked podcast, recently took to twitter to weigh in on the venture debt reckoning. Venture debt has traditionally seen credit loss rates much lower than other private lenders, but that could soon be changing.

☆ Elon Musk reportedly dismissed his Twitter takeover buddy David Sacks during a meeting that was 'too technical' for him
▼ + stars: | 2023-01-17 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Elon Musk dismissed David Sacks from a meeting he said was "too technical," The Verge reported. "David, this meeting is too technical for you," Musk said, according to an anonymous engineer who attended the meeting and spoke to The Verge. Sacks, Musk, and a spokesperson for Twitter did not respond to a request for comment ahead of publication. Despite Musk deeming the meeting "too technical" for Sacks, the anonymous engineer appeared to doubt Musk's own technical understanding. "I was writing C programs in the '90s," Musk told the engineer when she attempted to explain the company's data-center efficiency.

☆ I performed magic tricks for Elon Musk at a PayPal reunion party. Here's what went down.
▼ + stars: | 2023-01-15 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +5 min

Chan performed tricks for PayPal's 20th IPO anniversary last year, with Elon Musk also attending. Two decades later, I had the opportunity of a lifetime to perform magic tricks for my old company at PayPal's 20th IPO anniversary party in August. The invitation said it would be a "tricked-out PayPal reunion party" and I was very excited in the build-up. Daniel ChanMost of the PayPal founders, known as the "PayPal Mafia," were there, including Elon Musk, Peter Thiel, David Sacks, and Max Levchin. I fooled Elon Musk.

☆ 11 podcasts that busy venture capitalists and founders say they trust right now
▼ + stars: | 2023-01-15 | by ( Robin Madell | ) www.businessinsider.com time to read: +11 min

Investors at JetBlue Ventures, Mighty Capital, and other VC firms shared their favorite podcasts. Another recommendation is "Origins" by partners at the biotech VC firm Notation Capital. Here are 11 great options, recommended by VCs, founders, CEOs, and other industry insiders. "The main thing about the VC world is building relationships, and Harry is an example of a great networker," Gershfeld said. "BTC is the single-most important asset in the world, and that podcast gets to the heart of why that is."

☆ Pitch Decks That Advertising Tech Startups Used to Raise Millions
▼ + stars: | 2023-01-10 | by ( Business Insider | ) www.businessinsider.com time to read: +19 min

Check out these pitch decks that they've used to sell their vision and raise millions from private equity and VC investors. Blocking ad fraudAdtech startup Lunio, announced a $15 million Series A funding round in September 2022. In May 2022, the software-as-a-service startup raised a $30 million Series B round, led by Insight Partners. Marketing in the metaverseAnima, an augmented-reality startup, raised a $3 million funding round from investors in Janury. He raised $50 million in Series D after closing a $34 million Series C last year, bringing its total raised to $100 million.

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