A few years back, I sold a start-up I’d founded to Hearst, the media company that owns everything from Cosmopolitan Magazine to ESPN. To pay my respects, I decided to visit the legendary Hearst Castle.
Yesterday morning, as I strolled through midtown Manhattan on my way to work, I passed a stream of mysterious-looking women. They were dressed in turbans and flowing robes, and I soon realized what I was looking at: Fortune -T ellers .
Back in 2001, oil was trading at about $30 per barrel. At the time, just a single oil company (Exxon) was on the list of the world’s Top 5 Most Valuable Companies.
Once upon a time, start-up investors had to be extremely patient: After getting in on a “ground floor” investment, they’d need to wait for years and years as the start-up morphed into a real business—the kind of business that could get acquired or go public.
Last week in Rio, Michael Phelps went out on a high note: After leading the U.S. swim team to victory in the 400-meter relay—and receiving a record-high 23 rd Olympic gold medal—Phelps hung up his goggles and retired.
Corporate America is in the midst of a feeding frenzy: In the last few weeks, big corporations have doled out $4.3 billion to acquire early-stage start-ups.
Back in 2008, Microsoft offered to buy Yahoo for about $50 billion. Yahoo rejected the offer as being “too low.” Last week, a new deal for Yahoo came in—this time from Verizon.