Read this for a unique viewpoint on private jets. “Abigail Disney, heiress to the Disney fortune, has more money than she’ll ever spend. Here, she talks about being raised in a wealthy family.” | learn more
I had learned this a few years ago and referenced it recently in a conversation, so I re-googled it (is that a term?). There’s an arcane system of rural TelCo subsidies that they’re able to exploit to enable your free conference call. Woo! | learn more
Fundraising in the space isn’t the interesting part here. Instead, that caught my eye is that Layer1 uses the approach of capital PLUS other support. This reminds me of Multicoin Capital’s writing on the topic. |learn more
Never forget that it does not require VC funding to build a great business! In fact, most great businesses did not raise money from venture capitalists. | learn more
“And while I am not dumb enough to have imagined I’d make much money as a passive, partial investor in a New York City restaurant, I was dumb enough to think that I could probably earn my money back-ish, while at the same time helping some decent young men fulfill their dream.” | learn more
Cargill Inc., Bill Gates, and Richard Branson participated in a funding round for (yet another) company that’s working to create meats from cultured cells. This technology is important for a variety of reasons - ethical and environmental immediately come to mind. | learn more
Chicago’s 50 wards each have an alderman. How does the city distribute funds for residential infrastructure? It splits it up evenly across each alderman, creating a “cherished perk” of the job. But it’s probably not the best way to spend the money wisely across the city. | learn more