$1 Million Retirement Savings Won’t Last 25 Years Anywhere in the U.S. — But It Will Go the Furthest in These 6 States
Retirees who want to make the most of their money might have to give up dreams of sunny California or Hawaii.
Getting a Wharton MBA Was ‘a Waste of Time,’ According to a Global Bank CEO. Here’s the Degree He Recommends Instead.
Bill Winters is the CEO of the 160-year-old international bank, Standard Chartered.
Others
TikTok aims to grow its TikTok Shop US business tenfold to $17.5B in 2024, report claims
TikTok is looking to grow the size of its TikTok Shop U.S. business tenfold to as much as $17.5 billion this year, according to a new report from Bloomberg. The report indicates that the 2024 merchandise volume goal was recently discussed internally within the company, and could be amended as the year progresses. With this […]
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Why the Private Sector, Not Public, Must Continue to Lead Impact Investing
Private financial institutions and organizations have both money to invest and the motivation to generate a return on double-bottom-line investments, making them the ones who drive the real results in impact investing. .
Exponent Founders Capital, led by Plaid and Robinhood alums, raises $75M to invest in early-stage startups
Exponent Founders Capital, an early-stage venture firm founded by alumni of startups such as Plaid, Robinhood and Ramp, has closed on $75 million in capital commitments, TechCrunch is the first to report. The firm, which is emerging from stealth today, raised $50 million for its first fund in November of 2021. Managing Partners Charley Ma […]
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VCs anticipate more exits in 2024 but have no consensus on when or how
Some investors are more optimistic about M&A in 2024, while others think we will see a rebound in the IPO market.
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Big, costly seed deals were the exception in 2023’s lackluster venture capital market
Hopes that it would become easier for startups to raise capital in 2023 were left unmet as the year ended. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday. New data from business database PitchBook paints a modestly dim picture of venture capital investment […]
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Irene T. Cheng, SM ’78
“Thinking big, aiming high, and making a difference were rules of the road embedded during my time at MIT,” says Irene Cheng, SM ’78, who went on to a successful Wall Street career as a managing director at Lazard Asset Management after earning a graduate degree in chemical engineering from the Institute. “I was helped…
Calculating the costs of war
What can be done to prevent war? That’s the question that drives Neta Crawford, PhD ’92, who chaired the political science department at Boston University from 2018 until 2022 and is now a professor of international relations at Oxford University. The answer, she believes, is for people to reject armed conflict as an acceptable way…
“Every project is a new adventure,” says architectural shape-shifter
When Royal Dutch Shell solicited proposals for a new research center in Belgium in 1985, it received the usual series of plans for lifeless concrete bunkers. Philippe Samyn, SM ’73, took a different tack. Noting the site’s sloping valley and charming beech forest, he envisioned a grouping of administrative buildings and labs connected by streets…
How Doing This One Thing For Your Staff Can Fuel Your Business Success Story
Although it might be tempting to pay as little as you need to, that’s a big mistake and many get this part of wealth creation wrong.