SINGAPORE: The crypto world had barely recovered from the TerraUSD stablecoin crash in May, which dragged other major cryptocurrencies like Bitcoin down, wiping billions from the market. It faced yet another calamitous event on Friday (Nov 11): The collapse of FTX. FTX was one of the largest and most respected crypto exchanges that counted top-tier institutional investors […]
The downfall of one of the world’s most prominent cryptocurrency exchange platforms dominated the news last week. Speaking out in a quote originally shared by Cointelegraph, Binance CEO Changpeng Zhao believes that former FTX CEO Sam Bankman-Fried lied to everyone. It was a crash, unlike anything the cryptocurrency market had ever seen before. And amidst FTX filing for bankruptcy protection, […]
The quant trading firm Sam Bankman-Fried founded was able to quietly use customer funds from his exchange FTX in a way that flew under the radar of investors, employees and auditors in the process, according to a source. The way they did it was by using billions from FTX users without their knowledge, says the […]
We’ve all seen it: companies that have the “it” factor, an enthusiasm and passion that lights up employees, delights customers, and shines for investors. It’s not just the company’s warmer fleece, or a more delicious ice cream, or even a breakthrough technology. And it’s so much more than just a mission statement. It’s purpose. Purpose […]
Back in the day, a quant in finance could devise a strategy, sit back and let the money roll in while lounging about in a silk robe with a fat cigar. Such are the halcyon dreams of the contemporary quantitative finance type who finds him/herself forced to grind continuously in front of a screen in […]
A start-up valuation is an area of business where entrepreneurs are least confident. This is not unusual. Valuing a business is the area where new entrepreneurs, and many an experienced one, are least assured. It seems like a black art, with its own language and with few rules. As an example, yesterday I was chatting […]
Most successful tech businesses will raise equity finance in their scale-up journey. Usually, they’ll have several funding rounds. If you find the right investor you get the cash you need to accelerate your growth. The equity you give up is small relative to the extra business value you’ll create. You also get a new business […]
As an early stage founder have you ever read news of a capital raise and wondered how one pre-product company can raise tens of millions of dollars (implying a valuation many times that) while others (maybe yours) hear they are “too early” or would be worth a few million at most? It’s incredibly frustrating and […]
At Cambridge Capital, I get asked a lot of questions by founders. One of the most common requests: what do investors look for in a new platform company? What qualifies me to answer this question? I’ve founded four companies, starting in 1999 with a technology-based logistics company called 3Plex. I’ve been an investor in several […]
Nobel Prize laureate Paul Krugman predicts a worldwide recession this year, or by 2020