Category: Finance

One thing that is as uniquely American as income taxes, apple pie and reality TV is our country’s love of sports. Right now, our women’s soccer team is battling it out (and so far winning — go U.S.A.!) in the FIFA Women’s World Cup while the world watches. (See today’s U.S. match against France at 3 p.m. EST.) This has gotten me thinking about athletes and the fact that they are, essentially, entrepreneurs who face the same challenges the rest of us face, and have a lot in common with independent spirited businesswomen…

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Slack shares opened at $38.50 on Thursday, the company’s first day of trading, up 48 percent from a $26 reference price Wednesday. That massive win gave the San Francisco-based tech startup a $19.5 billion valuation, almost triple its private valuation of $7.1 billion. That seems like a high number, considering that Slack itself estimated the market for its industry (workplace collaboration services) at $28 billion in its offering paperwork. Friday saw the startup fall back to earth, as Slack stock fell 3.63 percent to 37.22. However, the true question about…

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I invested in BTC in 2010 (and sold shortly after, but have bought and sold all along since then), and have experienced a wild crypto ride. I’ve also advised and been working on a project that has developed the first application to bridge cryptocurrency with augmented reality. I’ve seen the crypto market on both sides and witnessed the persistent problems of cryptocurrency exchanges, from hacks to insolvency. Institutions and mainstream investors are rightfully hesitant to engage with many exchanges, drawing from mainstream headlines such as the recent Binance hack to the tune of $40 million,…

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Austin Campbell has been involved with Sola Salon Studios since its inception in 2004. He now owns 13 locations in the San Diego, Calif., area and has no intentions of slowing down. “When we first opened Sola, I thought you were lying if you said we could have 10. Now 25 is very obviously in our sights,” Campbell says. Sola was founded to create a supportive community for beauty professionals to achieve their dreams, which is one of the things Campbell was initially drawn to. Campbell says empowering entrepreneurs is the most rewarding…

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The millionaire’s club is adding members fast. In 2018, there were upwards of 19.6 million people with six-zero-sums to their name; by 2023, that number is projected to rise to more than 23.4 million. The world’s billionaires are a much more tight-knit group — upwards of 2,200, according to an Oxfam International report — and their fortunes increased by $2.5 billion a day in 2018. But when did the world’s wealthiest set off on this trajectory? They — including household names such as Bill Gates, Jeff Bezos and Elon Musk — made their…

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