Posts filed under “Venture Capital”
When Art Samberg began his hedge fund in 1986, there were less than 100 hedge funds. By 2000, as George Soros and Julian Robertson retired, Pequot Capital Management at over $15 billion, became the largest hedge fund in the world.
He returned 17.8% net of fees over the life of the fund, even after starting his full first year (1987) down 26%.
Mr. Samberg holds a S.B. (Aeronautics and Astronautics) from Massachusetts Institute of Technology, where he is a Life Member of the MIT Corporation, and a Member of MIT Executive Committee. He earned his M.S. (Aeronautics and Astronautics) from Stanford University and M.B.A. from Columbia University where he is Co-Chair of the Board of Overseers of the Business School.
He served as Chairman of the MIT Investment Management Company and currently sits on the Board of Advisor of the MIT Energy Initiative (For five years he served).
Listen to it live today on Bloomberg Radio at 10am and 6pm and throughout the weekend. The full podcast is available on iTunes, SoundCloud and on Bloomberg. Earlier podcasts can be found on iTunes and at BloombergView.com.
Via Chief Investment Officer, we see this amusing comparison of major university endowments. I am not sure how the winners are determined, other than where a small subset of asset managers would like to one day work. Based on the recent performance data I have seen, there seem to be lots of under-performers. Well, at…Read More
Bloomberg Briefs: Nowadays, it’s hard to find more exuberant sharing-economy enthusiasts than investors. Uber, the ride-hailing company, is raising $1.5 billion at a valuation of $50 billion — theoretically making the six-year-old business the equal of Target and Kraft Foods. Airbnb, for home sharing, is valued at $20 billion. Uber competitor Lyft is valued Uber…Read More
There has been relentless coverage of the boom in technology startups. Think about the blasé way the word bubble gets tossed about. Big Wall Street banks and Silicon Valley venture capital firms are wooing geek talent, and investors seem willing once again to ignore the widespread use of unconventional financial accountingthat makes a start-up’s finances look much better…Read More
People seem to be genuinely shocked by a new report out of New York City’s Comptrollers Office. The report found that the city’s public employee retirement fund pays big fees to Wall Street but gets little in return. However much anyone is shocked, they really shouldn’t be. That’s because the high cost of hiring outside…Read More
The future of new business is disrupting old businessBarry RitholtzWashington Post, February 1 2015 There are many lessons to be learned from Uber, the taxi- and car-hailing start-up that came out of nowhere and is valued at $41 billion. Less than three years ago, Uber had zero drivers. Now it has more than…Read More
> My Sunday Washington Post Business Section column is out. This morning, we look at future of business, and the role disruption of entrenched interests is going to play. The print version had the full headline “On Uber and the business model of disruption” while the online version is merely The future of new business is disrupting…Read More