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☆ I worked remotely from a cruise ship for almost a month and it was hard but I'm doing it again
▼ + stars: | 2024-05-09 | by ( Jamie Killin | ) www.businessinsider.com time to read: +5 min

Tony Fernandes, CEO of UEGroup, managed his company from a cruise ship for 21 days. AdvertisementThis as-told-to essay is based on a conversation with Tony Fernandes, a 60-year-old founder and CEO of UEGroup based in San Francisco, about his experience working remotely on a cruise ship. In November, I embarked on a trip where I spent several weeks leading my company from a cruise ship with my wife. Expect very slow internet serviceOne thing I didn't realize prior to the trip was that the cruise ship had only one satellite connection shared by thousands of people. If you live or work on a cruise ship and would like to share your story, please email mlogan@businessinsider.com.

Persons: Tony Fernandes, Fernandes, —, It's, We're, You've Organizations: Service Locations: San Francisco, Europe, Singapore, Thailand, Malaysia, Japan, Portugal, California

☆ I was a tech DINK earning over $100k a year. Our double income helped me quit my 9-to-5 — but now the glory days are over.
▼ + stars: | 2024-05-09 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +6 min

I even quit my 9-to-5 to pursue my passion for content creation. I made $40,000 in revenue from content creation in 2022 and $107,000 in 2023 before expenses. AdvertisementSince I'm not earning a stable income, we've decided to limit our spending more this year. I decided to give myself a salary of $35,000 for 2024 from my content creation business. As content creation doesn't require me to go into an office, I'm hoping to build a flexible career that I can continue around raising a kid.

Persons: —, Natalie Fischer, Keldon, now's, we've, There's, Roth, I'm, DINK, We've, He's, we're, haven't Organizations: Service, Business, UGC Locations: Washington, Seattle, pomeranian, Rome, Mexico, Finland

☆ Sexism, Cheating, and Nightclubs: Inside the Dark Heart of Chess
▼ + stars: | 2024-05-09 | by ( Rob Price | ) www.businessinsider.com time to read: +18 min

Socialites are playing chess on "The Real Housewives of New York City." In 1990, according to the US Chess Federation, only 4% of chess players were women. Out in the world, chess' resurgence has been accompanied by a wave of new clubs and events. I made a pilgrimage to the Marshall Chess Club, a 109-year-old institution in Greenwich Village. The following evening, I went to an East Village bar and found a very different scene at Club Chess.

Persons: we'd, she'd, I'd, festers, Judit Polgár, Gary Kasparov, —, Juliana Gallin, Jennifer Shahade, Alejandro Ramírez, Ramírez —, Ramírez, Shahade, Levy, Hikaru Nakamura, Rey, Anna Cramling, Miguel Pereira, Cramling, Nakamura, Bill Withers, Frank Marshall, Alexander Luke Bahta —, athleisure, you've, it's, Magnus Carlsen, Hans Niemann, Carlsen, Niemann, Dean Mouhtaropoulos, I've, Kasparov, they're, Vladimir Kramnik, Chess.com, Kramnik, Fabiano Caruana, Dan Timbrell, doesn't Organizations: Mechanics ' Institute, Housewives, New, US Chess Federation, FIDE, Washington Post, Marshall Chess Club, Chess, The Guardian, New York, whacking, Computer, YouTube Locations: San Francisco, New York City, Berkeley , California, Greenwich Village, hipsters, American, East, Canadian, Romanian, Netherlands, It's, New York, Russian

☆ RFK Jr. said in 2012 that he thought a worm ate part of his brain: 'I have cognitive problems, clearly'
▼ + stars: | 2024-05-08 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

Presidential candidate Robert F. Kennedy Jr. said in a 2012 deposition he has a worm in his brain. In the deposition, Kennedy said he visited several neurologists in 2010 to try to find the cause of his haziness. While some doctors believed he had a brain tumor, one thought he had a worm stuck in his brain. In the 2012 deposition, Kennedy said that he once had to have his heart shocked by doctors to get it to beat back in sync. Questioning Mr. Kennedy's health is a hilarious suggestion, given his competition."

Persons: Robert F, Kennedy Jr, Biden, he's, —, Kennedy, Mary Richardson Kennedy, Joe Biden, Donald Trump, Mr, Stefanie Spear, Kennedy hasn't, Bill Ackman, Jack Dorsey, David Sacks Organizations: Trump, The New York Times, Service, Times, White, Pershing, Capital Management, Twitter, PayPal Locations: Africa, South America, Asia

☆ Masimo activist director Koffey demands ‘basic’ information on company’s proposed spinoff
▼ + stars: | 2024-05-08 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Politan Capital's Quentin Koffey sent a letter to Masimo CEO Joe Kiani on Wednesday, demanding information about the health-tech company's proposed spinoff of its consumer business. The purchase was a catalyst for Politan's first proxy fight at the company. Last month, Masimo said it would spin off its consumer business, spurring a rally in the stock. Koffey said in his letter that Masimo management has asked "that directors sign a non-disclosure agreement" to get access to information around the deal. The activist is also seeking information on any financial and leadership opportunities Kiani has been promised at the spinout.

Persons: Politan, Quentin Koffey, Joe Kiani, Masimo, Koffey, Kiani, Micah Young, Masimo weren't Organizations: Masimo, Sound United, Fidelity, Kiani

☆ I always dreamed of working at Disney World. But after 3 months in the parks, I was ready to quit.
▼ + stars: | 2024-05-08 | by ( Jordyn Bradley | ) www.businessinsider.com time to read: +3 min

I quit after working at Disney World for three months through the Disney College Program. AdvertisementIt was always my dream to work at Disney World, and in 2019, it came true when I was hired through the Disney College Program. Most of the College Program employees were reallocated to other parts of the Disney property, even though Epcot's next festival was starting soon. Even though I only had about a month left in my College Program, I quit after a couple of days of training at Magic Kingdom. It's taken me some time to neutralize my feelings toward DisneyMy feelings toward Disney World have shifted a lot since I started working there.

Persons: —, Jordyn Bradley, Epcot's, It's, I've, I'm Organizations: Disney, Disney College Program, Service, Epcot, Wine, College Program, Magic Kingdom, Program Locations: Florida, Michigan

☆ Blackstone says the real-estate market is bottoming. Here are 7 ways it's getting ahead of the situation.
▼ + stars: | 2024-05-08 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +2 min

This story is available exclusively to Business Insider subscribers. We found the firm has been spending on distressed real estate, such as its purchase of loans from the FDIC after the failure of Signature Bank, as well as investments in buzzy real estate, like data centers. In a January earnings call, Blackstone president Jonathan Gray announced that commercial real estate, which recently suffered its biggest price declines in half a century, could soon hit bottom. "While it will take time, we can see the pillars of a real estate recovery coming into place." Here are the 7 recent real estate and real-estate-adjacent deals that show how Blackstone is trying to get ahead of the CRE bottom in chronological order.

Persons: Jon Gray, Blackstone, Gray, Jonathan Gray Organizations: Business, Signature Bank

☆ I worked at SpaceX where Elon Musk was a cubicle away. At Elon's companies, it's add value or leave.
▼ + stars: | 2024-05-08 | by ( Jamie Killin | ) www.businessinsider.com time to read: +8 min

Vincent Peters worked in military compliance when he was poached to work at SpaceX. So I graduated on medical leave, couldn't be deployed, and continued on medical leave for another six months before being discharged. I was introduced to people on the SpaceX Mission team, and ultimately, they asked me to interview with them for a job at SpaceX. AdvertisementThat mentality is how I started working on Starlink. In 2020, I asked to help and was allowed to work on their projects in addition to my work at SpaceX.

Persons: Vincent Peters, —, couldn't, Freddie Mac, I'd, Gwynne Shotwell, I've, it's, It's, We're Organizations: SpaceX, Service, Federal Aviation Administration, US Government, SpaceX Mission, International, NASA, Department of Defense, SpaceX SpaceX, Elon Locations: West, cubicles, Elon

☆ Less booze, more healthcare: How the spending habits of today's millennials compare to boomers 30 years ago
▼ + stars: | 2024-05-08 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

In the intervening 33 years, how young adults spent their money changed dramatically. Millennials are spending a lot more on healthcare and rented housingHealth insurance spending stands out between the average young adult in 1989 versus in 2022. Based on average data, young adults were spending roughly 60% more on apartments and other rented housing. Before adjusting 1989 data for inflation, young adults in 2022 spent 304% more on fresh fruits than young adults in 1989. Based on our analysis, the average young adult in 2022 was spending more on nonalcoholic beverages and less on alcoholic beverages than the average young adult in 1989.

Persons: —, Harry Met Sally, millennials, Gen Zers, Grace Hill, Gen Organizations: Service, Nintendo Game, Business, Bureau of Labor Statistics, Labor, BLS, Pew Research Center, CPI, Gallup Locations: Millennials

☆ A Ukrainian tank crew says the Abrams is still being used on the front lines, but isn't finding 'tank-on-tank' battles where it has the edge
▼ + stars: | 2024-05-08 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

A Ukrainian tank crew told state media they're still using the Abrams tank on the front lines. A Ukrainian Abrams commander told Army TV that the tanks weren't withdrawn but are used situationally. AdvertisementA Ukrainian tank crew says the US-supplied Abrams is still viable on the front lines, but the tank-on-tank battles where it excels have been few and far between. Advertisement"WHERE IS UKRAINIAN ABRAMS: how the legendary American tank fights at the front," its title reads. At least five Abrams tanks have been reported lost in combat, with another three damaged.

Persons: Abrams, Ukrainian Abrams, —, Kyiv hadn't, Dmytro, Alexey, Biden Organizations: Pentagon, Abrams, Army, Service, Associated Press, Kyiv, Mechanized Brigade, Ukraine's Defense Ministry, YouTube, ABRAMS, Business Insider, Russian, AP, Russia, Congress Locations: Ukrainian, Ukraine, Hill

☆ John Leguizamo reveals he turned down Stanley Tucci's iconic part in 'The Devil Wears Prada'
▼ + stars: | 2024-05-08 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +2 min

John Leguizamo revealed that he turned down Stanley Tucci's part in "The Devil Wears Prada." AdvertisementJohn Leguizamo said that he declined what turned out to be an iconic role for Stanley Tucci — lovable art director Nigel Kipling in "The Devil Wears Prada." 'The Devil Wears Prada,' the Stanley Tucci part," Leguizamo responded. 20th Century Studios"The Devil Wears Prada" wasn't the only role that Leguizamo said he regretted turning down. "I felt dissed, and they probably weren't dissing me, but I felt dissed," Leguizamo said.

Persons: John Leguizamo, Stanley, Wears, Leguizamo, Smith, —, Stanley Tucci, Nigel Kipling, Tucci, Anne Hathaway's, Andy, Miranda Priestly, Meryl Streep, Anna Wintour, Vince Vaughn's, Brad Pitt, Angelina Jolie, Robin Williams, Williams, Sid Organizations: Service, Studios

☆ China is in the middle of its own retirement crisis as many older people cannot afford to stop working
▼ + stars: | 2024-05-08 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

China is grappling with a retirement crisis as its population ages. According to OECD data, people over the age of 60 account for 13% of the country's workforce. China is anticipating another 300 million people to reach retirement age in the next 10 years. AdvertisementChina is going through a retirement crisis, with a significant portion of older people finding that they can't afford to stop working. That rivals the share of workers who are of retirement age in the US, where 10%-15% are aged 60 or older.

Persons: —, That's Organizations: Service, OECD, Reuters, Social Security, Budget, Trustees Locations: China

☆ I worked at SpaceX. It was the most ruthlessly efficient company I've ever worked for.
▼ + stars: | 2024-05-08 | by ( Jamie Killin | ) www.businessinsider.com time to read: +7 min

This is an as-told-to essay based on a transcribed conversation with Vincent Peters, founder of Inheritance AI and former SpaceX employee discussing his career path and experience at SpaceX. I was introduced to people on the SpaceX Mission team, and ultimately, they asked me to interview with them for a job at SpaceX. What it's like working at SpaceXSpaceX is the most efficient company I've ever worked for. AdvertisementThat mentality is how I started working on Starlink. In 2020, I asked to help and was allowed to work on their projects in addition to my work at SpaceX.

Persons: Vincent Peters, couldn't, Freddie Mac, I'd, Gwynne Shotwell, I've, it's, It's, We're Organizations: Service, SpaceX, Business, Federal Aviation Administration, US Government, SpaceX Mission, International, NASA, Department of Defense, SpaceX SpaceX, Elon Locations: West, cubicles, Elon

☆ John Leguizamo says Disney gave the 'Encanto' cast surprise bonuses because it was such a big hit
▼ + stars: | 2024-05-08 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +3 min

John Leguizamo said that "Encanto" was such a huge success that he received a bonus from Disney. AdvertisementDisney was apparently so pleased with the performance of its 2021 hit animated film "Encanto" that it gave members of the cast bonuses — at least, according to star John Leguizamo. For Leguizamo, one of those was Bruno, the reclusive uncle from "Encanto," a Disney animated film about a Colombian family with magical powers. "It was amazing," Leguizamo told BI. But past the numbers, Leguizamo told Business Insider that "Encanto" was so remarkable because of the specificity of its story.

Persons: John Leguizamo, Leguizamo, Bruno, —, that's, Lin, Manuel Miranda, secluding, didn't Organizations: Disney, Service, Walt Disney, Nielsen, Sigma Locations: Colombian

☆ Cheslie Kryst's mom says she published her daughter's memoir posthumously to 'share her story and the struggle she faced'
▼ + stars: | 2024-05-08 | by ( Jane Ridley | ) www.businessinsider.com time to read: +7 min

April Simpkins published her daughter Cheslie Kryst's memoir after the ex-Miss USA died by suicide. AdvertisementOver the years, April Simpkins had become used to her thoughtful daughter, former Miss USA Cheslie Kryst, sending her care packages full of goodies. Cheslie Kryst, a former Miss USA, died by suicide in 2022 at the age of 30. AdvertisementSimpkins once suggested she employ a part-time assistant to help her balance her legal career, Miss USA commitments, and philanthropic work. The mom said she was thrilled by her daughter's dedication when she won Miss USA in May 2019.

Persons: Simpkins, Cheslie, Miss USA, —, Miss USA Cheslie, Kryst, Evan Agostini Simpkins —, " Simpkins, it's, Kryst didn't, I've Organizations: Miss, Business, Service, Miss USA, Mental Health, National Alliance, Mental, Kryst Foundation Locations: New York, North Carolina

☆ A millennial couple moved from Arizona to China to teach at an international school. The cost of living is much cheaper, though the language barrier is challenging.
▼ + stars: | 2024-05-08 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

His wife, a teacher, had been to China before and realized she could get a visa to teach at an international school there and bring Scott along. The school that hired her also hired Scott, and the two put their lives in the US on hold and relocated to China. His wife got a job as a teacher at an international school, and the two moved to China on her visa. Related storiesBefore moving to China, the couple paid $1,900 a month in rent in Arizona. He said their internet bill was $130 a month, their cellphone bill was $70, and their electricity bill was $100.

Persons: Scott Vleeschouwer, weren't, Scott, Vleeschouwer, it's, they've, China Vleeschouwer, DiDi —, He's, they're Organizations: Service, China's, Business Locations: China, Shenzhen, Maryland, Roanoke , Virginia, San Antonio, Phoenix, Mexico, Beijing, Shanghai, India, Hong Kong, Philippines, Indonesia, Kenya, Southeast Asia, Arizona, They've

☆ I've saved thousands and traveled to dozens of countries using a home-swapping website
▼ + stars: | 2024-05-08 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

The website helps facilitate accommodation exchanges between 150,000 users in 145 countries. Then HomeExchange sent me an offer, and I said to my husband, "Shall we give it a go?" The way it works is you subscribe to the website, make a profile, and list your home. We've stayed in places in Australia that are totally off the grid in conservation areas that don't have electricity. I think we've saved well over £100,000 using HomeExchange.

Persons: Julie Williams, HomeExchange, We've, That's, we've, John, I've, Martin, Mia, Monkey Mia, I'm Organizations: Service, NASA Locations: Devon, England, HomeExchange, Italy, Australia, New Zealand, Caribbean, St, Rarotonga, Cook Islands, Tasmania, Singapore, Nevis, Cook, Bali, Hong Kong, Ireland, France, Germany, Switzerland, Denmark, Belgium, Holland, Western Australia

☆ I spent $317 a night to stay at the Taj Cape Town. The mountain views weren't even the best part of the 5-star hotel.
▼ + stars: | 2024-05-07 | by ( Aida M. Toro | ) www.businessinsider.com time to read: +1 min

My friend and I paid $1,900 to stay in a mountain-view room at the Taj Cape Town in South Africa. That's why I was ecstatic when my best friend asked me to be her plus-one to a ceremony in Cape Town, South Africa, one of the top unique wedding destinations for 2024 and 2025. When we were choosing a place to stay, I decided to go with a chain I was already familiar with and booked a room for two at the Taj Cape Town. I spent 35,500 ZAR, or about $1,900 USD, on a six-night stay at the hotel. Here's what our experience at Taj Cape Town was like.

Persons: —, Pierre Organizations: Taj, Service, Taj Cape Locations: Town, South Africa, Cape Town , South Africa, New York City

☆ Boeing is under FAA investigation after disclosing some employees didn't perform safety tests on the wings of a 787 but recorded that they did anyway
▼ + stars: | 2024-05-07 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

The FAA said on Monday that it's probing Boeing amid reports of employees not completing 787 checks. AdvertisementThe Federal Aviation Administration is investigating whether Boeing employees may have falsified plane safety records for the 787 Dreamliner, adding to the manufacturer's woes as it faces regulatory scrutiny. "The FAA is investigating whether Boeing completed the inspections and whether company employees may have falsified aircraft records," the statement said. Several former Boeing employees who became company whistleblowers have raised concerns about 787 Dreamliner production, alleging that the manufacturer was prioritizing profit over quality. AdvertisementAnother ex-employee, John Barnett, slammed 787 production for years and said he observed issues with oxygen mask deployment in the jets, which he felt weren't properly addressed.

Persons: —, Scott Stocker, " Stocker, Stocker, Max, Dave Calhoun, Sam Salehpour, John Barnett, weren't, Barnett, Joshua Dean, Spirit AeroSystems Organizations: FAA, Boeing, Service, Aviation Administration, Business, American Airlines, Spirit Locations: Charleston, South Carolina, Indonesia, Ethiopia

☆ Amateur archaeologists found a mysterious 12-sided object from the Roman Empire that experts can't explain
▼ + stars: | 2024-05-07 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

An amateur archaeology group found a mysterious dodecahedron near an ancient Roman villa. Amateur archaeologists with the Norton Disney History and Archaeology Group have been excavating its remains, including a bathhouse, gatehouse, and ancient tiled mosaic floors for the last few years when they made a miraculous discovery. Though he'd never seen one in person, Rob Evershed, a member of the group, recognized the hollow, rounded object as a Roman dodecahedron. No one knows the purpose of the dodecahedronThe Norton Disney History and Archaeology Group on the day they discovered the dodecahedron. Dodecahedrons may have been custom-madeParker thinks it would've taken an expert to make the dodecahedron that the Norton Disney group found.

Persons: —, Richard Parker, Richard Watts, they've, Norton, we'd, Parker, he'd, Rob Evershed, Frances McIntosh, McIntosh, haven't, dodecahedrons Organizations: Service, Norton Disney, Group, BBC, Lincoln Museum, English Heritage, Washington Post Locations: London, Hertfordshire, England, England's Midlands, British, Britain, Roman, Belgium, Croatia, France, Germany, Great Britain, Hungary, Luxemburg, Netherlands, Switzerland, Italy, Spain, Africa, Turkey

☆ Inside the Growing Alarm Over Blackstone's BREIT Real-Estate Fund
▼ + stars: | 2024-05-07 | by ( Bethany Mclean | ) www.businessinsider.com time to read: +23 min

Investors in Blackstone's real-estate fund asked for their money back in droves — more than $15 billion to date. Unless the real-estate market comes roaring back, analysts warn, BREIT could end up shrinking to a fraction of its current size, leaving the fund's investors holding the bag. Only 3% of BREIT's holdings are in office buildings, which have been ground zero for commercial real estate pain. Advertisement"Not all real estate is created equal," BREIT boasted in a recent letter to stockholders, "and where you invest matters." "Commercial real estate is a slow burn," Brian Moynihan, the CEO of Bank of America, recently observed.

Persons: Blackstone, —, BREIT, REITs, Steve Schwarzman, Jeenah, Nate Koppikar, Craig McCann, BREIT's, Chilton, McCann, McCann, Horacio Villalobos, That's, Donald Trump, Robert Chang, Schwarzman, Michael Blackshire, Phil Bak, Stephen Schwarzman, Shannon Stapleton, Brian Moynihan, it's, It's Organizations: BREIT, Orso Partners, Securities Exchange Commission, Blackstone, SEC, Chilton Capital Management, SLCG Economics Consulting, Publicly, University of California, Regents, Armada Investors, Reuters, Bank of America Locations: BREIT, Lisbon, Fideres

☆ John Leguizamo on His Best Movie Roles: 'Carlito's Way,' 'Encanto'
▼ + stars: | 2024-05-07 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +11 min

Before John Leguizamo was an acclaimed writer, director, and film star, he was a young Latino actor just trying to get into audition rooms. On turning down 'Carlito's Way' multiple times and becoming a leading man(L-R) Al Pacino and John Leguizamo in "Carlito's Way." UniversalYou've spoken before about turning down "Carlito's Way" a few times before you eventually made the call to sign on. John Leguizamo as Luigi in "Super Mario Bros." (1993) Warner BrosOn doing too many 'ice movies' and feeling dissed by 'Mr. On 'Sigma male' Bruno and getting a bonus for 'Encanto'Maribel and Bruno (voiced by John Leguizamo) in "Encanto."

Persons: John Leguizamo, Leguizamo, Brando, James Dean, Shakespeare, William Goldman, Benny Blanco, Luigi, Mario, he's, He's, Al Pacino, I've, Benicio, Annabel Jankel, Rocky Morton, Mr, Smith, you've, Wears, Stanley Tucci, Robin Williams, Vince Vaughn, Sid, Sloth, Fox, —, Mike Berg, Peter Ackerman, Chris Wedge, Philip Seymour Hoffman, Ben Stiller, Ray Romano, Denis Leary, Michael Keaton, would've, hadn't, Bruno, Coco, that's, Lin, Manuel Miranda, Spike Lee, Sam, Mel Blanc, I'd Organizations: Broadway, New York Daily News, Warner Bros, Marvel, Sigma, Walt Disney Animation, Disney, Cannes, HBO Locations: Jackson Heights , Queens, Toro, Puerto Rican

☆ Apple wants to give the iPad a boost
▼ + stars: | 2024-05-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The tech giant's event will reportedly showcase a new family of… iPads and iPad accessories. But Apple's event , which kicks off at 10 a.m. EST, is looking to give the iPad a boost. iPhone sales have noticeably dipped, which is why you're hearing Apple tout its "services" business , writes BI's Peter Kafka. And the new product Apple wants you to be excited about — the Vision Pro — hasn't lived up to the hype. a16z joins the Big Tech "fake work" debate.

Persons: —, Tyler Le, they're, iPads, Antonio Villas, Boas, BI's Peter Kafka, Peter, hasn't, Katie Notopoulos, Wall, Lauren DeCicca, Tim Cook, Katie, aren't, I'd, we'll, I'm, Alyssa Powell, Danielle DiMartino Booth, James Devaney, Roger Kisby, Jack Dorsey's, Elon, Dorsey, Elon Musk, Satya Nadella, OpenAI, Jeff Bezos, Mark Zuckerberg, Warren Buffett, Berkshire Hathaway, a16z, Emily Sundberg, Andreessen Horowitz, David Ulevitch, Vladimir Putin, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Apple, Google, Getty, US Treasury, National Bureau of Economic Research, Images, Penske Media, Microsoft, Tech, Paramount, Berkshire, Big Tech, Walt Disney Company Locations: BREIT, New York, London

☆ Why investing solo lets Refactor Capital's Zal Bilimoria be a 'lifeline' for founders
▼ + stars: | 2024-05-06 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

Now 42, Bilimoria is the sole partner of Refactor Capital, the early-stage venture-capital firm he launched in 2016. Through Refactor Capital, Bilimoria has backed unicorn companies including the green-chemical manufacturer Solugen and the space startup Astranis. AdvertisementTwo years later, Lee stepped down as a general partner — making Bilimoria the firm's sole investor. Life as a solo partnerAs a solo partner, "all the successes and all the challenges are on my shoulders," Bilimoria said. Refactor Capital invests in about eight companies every year and is deploying capital out of its third fund.

Persons: —, Bilimoria, Andreessen Horowitz —, weren't, Andreessen Horowitz, David Lee, Lee Organizations: Service, University of Pennsylvania, Business, Microsoft, Netflix, Google, Twitter, Fund, SV Angel Locations: Northwest Indiana

☆ I started a business with my mom right out of college and we've grown it to 7 figures in revenue. I've never had a real job, and I love being my own boss.
▼ + stars: | 2024-05-06 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +6 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . After graduating with a psychology degree in 2010, I went into business with my mom, Ann Lightfoot. What started as a mother-daughter duo organizing closets and hauling trash has turned into a successful business with 14 employees. Clients started pouring in.

Persons: Kate Pawlowski, Ann Lightfoot, Pawlowski, —, It's, I've, Lightfoot, Julia D'Agostino, We've, we've, Decluttering Organizations: Service, Facebook Locations: Montclair , New Jersey, New York

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