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Insider asked VCs to pick the best-in-class startups helping people get work done in 2023. The result is a list of up-and-coming companies juicing productivity for individuals and teams. After years of private-markets investors urging cash-flush startups to grow at all costs, the mandate has flipped to: "do more with less." The shift is leading companies to look for ways to juice productivity, and they have their pick of products aimed at helping teams work smarter. Here are the productivity startups to watch, sorted from least to most capital raised:Additional reporting by Paayal Zaveri.
That works out to a 31.2% return on total average short interest of $973.6 billion throughout the year, according to S3 Partners. Stanphyl Capital portfolio manager Mark Spiegel, who has been short Tesla "constantly, in varying size" since 2014, said a bet against Tesla was his fund's most profitable individual short position this year. While higher interest rates have punished growth stocks, some investors believe Tesla CEO Elon Musk's purchase of Twitter is diverting his time running the electric car company. Long-short hedge funds, which bet on stock prices rising or falling, posted a 9.7% loss through November, according to data provider HFR. Charles Lemonides, portfolio manager at $226 billion hedge fund ValueWorks LLC, believes tight monetary policy will weigh on risk appetite next year.
2023 should curtail the current flow of bad startup ideas. The way it roughly works is to bet millions across lots of startups in the hope one of them blows up and returns that cash. 'Fewer insane ideas'We are no longer in a low-interest-rate market, meaning startup investors who could once rely on generous backers will have to be more cautious about how they spend their money. They do have lots of money, with an estimated $290 billion of capital available to them in October, according to Pitchbook data. But Kniaz senses a shift in motion: "This next year will show which emperor has clothes on or not.
An early vote that topped 1.85 million showed other positive signs for Warnock, with Democrats enjoying a 13-point edge — larger than the party’s 8-point lead in November’s early vote, according to TargetSmart’s model. But Walker is widely expected to win more of the votes cast on Election Day. Residents wait in line to vote early outside a polling station on Nov. 29 in Atlanta. Walker “needs to win Election Day by double digits,” said Cody Hall, an adviser to Kemp, who said the Republican candidate will have to outperform his advantage from November's Election Day. “But I would just caution everyone that base Republican voters in the last couple of cycles have liked turning out on Election Day.
Recurrent Ventures made a digital-media splash with acquisitions like The Drive and Popular Science. In May of last year, Recurrent Ventures announced its flashiest deal yet: a $300 million fundraising round led by the private-equity giant Blackstone. To make a more appealing parent brand to house a growing fleet of media properties, they eventually created a new entity called Recurrent Ventures. Recurrent Ventures expanded as it acquired well-known publishers like the 150-year-old Popular Science. Recurrent Ventures shut down MEL Magazine, the men's lifestyle publication it once planned to make the centerpiece of a new lifestyle vertical of sites.
Elon Musk, the world's richest person, plans to charge people $8 to be verified on Twitter. But putting a pricetag on the blue checkmark completely misses the point. Musk doesn't appear to realize the irony of his tweet, nor does he seem to understand the point of verification. It's not just about having a blue checkmark next to your name. That's the exact opposite of what the verification system should be striving for.
NEW YORK, Oct 25 (Reuters Breakingviews) - For Larry Culp, it’s not the journey but the destination. If all goes perfectly, it could be enough to salvage Culp’s legacy. Orders plummeted 43% year-on-year and revenue declined 15% as demand in the power division, which focuses on more traditional sources, rose. In healthcare, both orders and revenue were up just slightly in the first nine months of the year. If it succeeded in juicing up Vernova’s revenue, it could be game-changing for Culp’s legacy too.
While analysts say that anticipation around the merge has helped pump up the price, some experts see the real upside coming after the merge takes place. watch nowJuicing institutional interestWith the upgrade, ethereum won't become faster, cheaper or more scalable. Research firm Fundstrat wrote in a note that a successful merge would cement ethereum as the "premier blockchain network." The bitcoin network experiences a similar type of supply reduction roughly every four years. WATCH: Bitcoin falls below $19,000 as Ethereum upgrade kicks into full gear
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