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Tuesday links: paying for the news

Abnormal Returns

Fund management There is no escaping the math on leveraged ETFs. techcrunch.com) Musk SpaceX could soon be the world's most valuable startup with a $350 billion valuation. techcrunch.com) Musk SpaceX could soon be the world's most valuable startup with a $350 billion valuation.

Math 144
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Avoid the Unforced Investment Errors Even Billionaires Make

The Big Picture

An instructive war story : During the mid-1990s, a grad school buddy took a senior job at a tech startup that came with lots of stock. My advice was not based on fear of a bubble or the (over)valuation of Yahoo; rather, I suggested employing a regret minimization framework.2 In late 1996, they were bought by Yahoo!

Investing 267
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A Billion Dollars isn’t Cool

The Irrelevant Investor

When The Wall Street Journal first published "The Billion Dollar Startup Club" in February 2015, 84 companies had the rare unicorn status. A private company with a billion-dollar valuation used to be special. Today there are 1,000 of 'em. Now it's ordinary. These numbers, which felt crazy at the time, seem quaint compared to today.

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Transcript: Brad Gerstner

The Big Picture

Brad Gerstner is a founder and investor in technology startups. And he had a little startup RV company called Forest River. But one of the things I learned in that first startup, I had two guys on the two investors who were not traditional venture capitalists. What can I say? Once again? I have an extra special guest.

Investing 246
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Transcript: Albert Wenger

The Big Picture

WENGER: Yeah, that had really been my goal since my own first startup in ’96, ‘97, which was a company called W3Health that ultimately failed. From that experience, I realized that I really loved startups, but then I was never going to be good operator, but I thought I could maybe be a decent investor. Why is that?

Valuation 305
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Transcript: Jonathan Clements

The Big Picture

But the numbers you can’t argue with, I mean, we all know that the brutal math of investing before costs investors collectively will earn the market return after costs. And then I was approached by Citigroup about being director of financial education for this startup called MiFi. You know, what would happen next?

Investing 147
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Transcript: Steve Case

The Big Picture

? ?. The transcript from this week’s, MiB: Steve Case on AOL, Startups & Venture , is below. And if you are at all interested in technology, venture, startups, entrepreneurship, I suspect you will also. And in our early days, we really just tried to figure out like many startups get noticed to stay alive.

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