Tag: Billions

Billions in grants for live venues, small businesses under Democratic stimulus plan

WASHINGTON DC — House Democrats have rolled out a new $2.2 trillion stimulus package that includes a wide variety of small-business relief programs, including billions of dollars in grants for live-venue operators and a second round of Paycheck Protection Program loans.

The legislation is the latest in a series of bills introduced by both Republicans and Democrats from both chambers in recent months. This new legislation is an updated version of the HEROES Act passed by the House in May, but not voted upon by the Republican Senate. The fate of this package, if it passes the House in the coming days, is equally unclear on whether it would receive a vote in the Senate.

Proponents hope its smaller scale, reduced from more than $3.4 trillion in the HEROES Act, could reinvigorate efforts in Congress to break the stimulus logjam. Democrats and Republicans have been divided over the size and

Read More

A Bluetooth Flaw Leaves Billions of Devices Vulnerable

The October issue of WIRED took a close, in-depth look at the state of election security. While lots of it isn’t pretty, we did find some pockets of hope. Data scientist Sara-Jayne Terp is on a mission to stamp out misinformation. The former Facebook employees at the nonprofit Acronym are hoping to use the Trump’s 2016 strategies against him. And we dug into the story of STAR-Vote, an audacious plan to secure voting machine tech for good.

There’s more! We talked to Stacey Abrams about how to overcome voter suppression. We looked at how some countries have successfully stymied Russian interference efforts. And we explained how you’ll know for sure that the presidential election results are valid, no matter how loudly Trump yells that they’re going to be rigged.

Plenty of non-election news happened this week as well. Customs and Border Protection seized 2,000 OnePlus Buds, claiming they were counterfeit

Read More

IPO Frenzy This Week Nets Billions for Venture Capital Backers

(Bloomberg) — Billions of dollars could be on the way to Sand Hill Road this week, home base for Silicon Valley’s venture capital elite, after a string of initial public offerings.



Snowflake Inc. signage is displayed on a smartphone in an arranged photograph taken in the Brooklyn borough of New York, U.S., on Wednesday, Sept. 16, 2020. Snowflake Inc. soared in a euphoric stock-market debut that transformed the eight-year-old software company into business valued at about $72 billion.


© Bloomberg
Snowflake Inc. signage is displayed on a smartphone in an arranged photograph taken in the Brooklyn borough of New York, U.S., on Wednesday, Sept. 16, 2020. Snowflake Inc. soared in a euphoric stock-market debut that transformed the eight-year-old software company into business valued at about $72 billion.

Venture firms netted handsome returns on paper for their early investments. While the firms mostly won’t be able to sell their shares until lockup periods expire, proceeds from exits could provide the cash for them to fund the next generation of startups.

Loading...

Load Error

Snowflake Inc., which was trading at a $65 billion valuation Friday, has provided the biggest windfall so far for its early shareholders. Sutter Hill Ventures, which

Read More

12 Questions to Ask Before Starting a Small Business, From ‘Billions’ And Rob Dyrdek

Other than “Can you give me Kirk Hammett’s email address?” (um, no), the question I’m most often asked on LinkedIn is, “How can I tell if I have a great idea for a new business?” 

Ideas are easy to evaluate in hindsight. Objective criteria certainly apply, but predicting whether an idea forms the basis for a profitable, lasting business is extremely difficult; assessing a startup’s potential also requires a small leap of faith in a founder’s persistence, drive, and work ethic.

So how do you know if you have a great idea for a new business? How can you evaluate your startup’s potential?

The key isn’t to ask people for thumbs-up or thumbs-down advice. The best approach is to ask yourself the right questions.

The ‘Billions’ Approach to Evaluating a Business Idea

One set of questions comes from season two of Billions.

If you aren’t familiar, Bobby Axelrod (Axe)

Read More