A VC: Musings of a VC in NYC
JULY 7, 2021
My partner Albert shared this article yesterday which suggests that the price of carbon will have to reach $150/ton by 2030 in order to create the conditions for the world to get to zero carbon by 2050. The current price of a ton of carbon on the EU’s Emission Trading System is about $60/ton and you can buy carbon offsets for much less than that although you may be purchasing junk credits if you are not careful.
This is going to be BIG.
JULY 29, 2021
The science is clear… and so are the economics. Vaccines prevent the spread and severity of the COVID-19 virus with side effect rates at well below the instance levels of lots of other drugs people commonly take for things like birth control, erectile dysfunction or to keep their cholesterol in check. Yet, somehow, things like masks and vaccines have become a political hot potato—dividing the country in two on how to avoid a four (fifth?
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Indigo Marketing Agency
JULY 27, 2021
Why do people really hire a financial advisor? As a financial professional, I’m sure this question has crossed your mind at least a dozen times. But in order to answer it, you have to look at why people buy any type of product or service. I once heard it said, “People buy aspirin. They don’t buy vitamins.” In other words, people are more concerned about solving their short-term ailments than they are about their long-term well-being.
Mr. Money Mustache
JULY 25, 2021
Unsuccessfully but Refreshingly trying to climb the local waterfall. “MMM, are you still alive?” – somebody on Twitter. Holy S**t! I just realized that the last time I wrote a blog post for you was on April 18th, and now it’s late July. That’s an entire quarter of a year that I have let this wonderful, golden field of interesting opportunities and people sit untended.
AdvisorPR
JULY 14, 2021
JConnelly, a communications agency serving clients worldwide, has acquired AdvisorPR, a boutique public relations and marketing company that specializes in working with wealth management firms. Based in Las Vegas , AdvisorPR Founder Alana Kohl and her team will operate AdvisorPR as a division within JConnelly’s financial practice group. “Now is the right time to augment our strong organic growth with an acquisition,” said Ray Hennessey , JConnelly President and CEO. “
A VC: Musings of a VC in NYC
JULY 2, 2021
I am a fan of wireless charging for my various devices and I am glad that there is a standard, called Qi , for wireless charging that many manufacturers support. This means you don’t need to buy your wireless charging device from Apple or Google, you can buy it from any manufacturer you prefer. This nice looking small charging device, called Biscuit , is a great example of that: I backed it this morning on Kickstarter and so can you.
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A VC: Musings of a VC in NYC
JULY 27, 2021
The two most used measures of a venture fund’s performance are the “cash on cash” return and the “internal rate of return” (IRR). One measures how much an investor got back divided by how much they put in (cash/cash). The other measures what the effective rate of return is on the investor’s money. You might think these measures go hand in hand, but that is not the case.
A VC: Musings of a VC in NYC
JULY 19, 2021
Over the last 18 months, the early-stage financing market has seen dramatic changes characterized by these three things: A shift from in-person fundraising to virtual fundraising A reduction in financing process timelines from months to weeks A continued increase in the amount of capital available for early stage companies. I believe that for the most part, these changes will be permanent.
A VC: Musings of a VC in NYC
JULY 16, 2021
ETHEREUM: THE INFINITE GARDEN is a “feature-length documentary film that explores the innovative real-world applications of the Ethereum blockchain, the die-hard community of enthusiasts and developers, and its creator, Vitalik Buterin, whose vision for the internet has the potential to change the world.” The film is being crowdfunded on the Ethereum blockchai n and the campaign ends at 6pm eastern time today.
A VC: Musings of a VC in NYC
JULY 22, 2021
I have written about stablecoins in the past. I think they are a very important part of the crypto asset landscape. Two of the top ten crypto assets by market cap are stablecoins, Tether ($62bn) and USDC ($27bn). You don’t buy these assets to generate gains because they are price stabilized. You hold them like cash, to be able to move in and out of trades, purchase things, etc.
A VC: Musings of a VC in NYC
JULY 30, 2021
I backed a documentary project this morning about two 80-year-olds pursuing their lifelong dreams to be stand-up comedians. I think people of any age should chase their dreams and I can’t wait to watch this film. USV TEAM POSTS: Albert Wenger — Jul 29, 2021 Transmutex Mona Alsubaei — Jul 28, 2021 The Growing Demand for Clean Electricity Lauren Young — Jul 28, 2021 Supporting Teams in their Diversity, Equity and Inclusion Efforts.
A VC: Musings of a VC in NYC
JULY 29, 2021
I am heartened to see both sides of the political aisle in the US came together yesterday to agree to move forward on a $1 Trillion Infrastructure Bill. There are parts of the bill that I don’t like (asking blockchain smart contracts to send 1099s to the IRS seems nuts to me) and parts that were taken out that I think are critical (like building a nationwide EV charging network).
A VC: Musings of a VC in NYC
JULY 20, 2021
This morning I was sitting outside of my coffee shop, sipping on a cortado and reading the news on my phone while the NY Times, which I buy for The Gotham Gal every morning, sat folded up next to me. I gave up on mainstream news media two decades ago and have been relying on the Internet for news for a long time now. By “Internet”, I mean blogs, Twitter, and increasingly, email newsletters.
A VC: Musings of a VC in NYC
JULY 13, 2021
My family has a history of irregular heartbeats, from PVCs to AFIBs. So when I saw my cardiologist recently, I asked him how I could track my beats. I have worn a Holter Monitor a few times and did not want to do that again unless it was absolutely necessary. He pointed me to this Kardia Mobile device which I purchased on Amazon a few weeks ago. This Kardia Mobile 6L device is remarkable.
A VC: Musings of a VC in NYC
JULY 9, 2021
There are many stories of chefs, bakers, etc cooking from their homes and apartments during the pandemic and now turning that activity into permanent businesses with storefront leases. I’ve backed quite a few projects like this on Kickstarter and found a great one today. L’Appartement 4F is a couple who baked in their tiny Brooklyn apartment during the pandemic, found a clientele for their products, and now are opening a bakery in Brooklyn Heights.
A VC: Musings of a VC in NYC
JULY 12, 2021
The Gotham Gal and I are watching Succession after being told by so many friends and family members that we had to see it. We are in season two and last night we watched an episode where Logan Roy tries to acquire a family-owned media business. The selling family, led by the mother, tells him they will do the deal if he names his daughter Shiv as his successor.
A VC: Musings of a VC in NYC
JULY 26, 2021
Rocky Mountain Power emailed me last week and offered us a “100% Solar Match” which means that we can “match” all of our energy consumption in our home in Utah with power from their 20 megawatt solar plant in Holden Utah. This doesn’t mean our home will be now be operating with energy from that plant but it does mean that we have opted for 100% solar.
A VC: Musings of a VC in NYC
JULY 6, 2021
My friend Gary Ginsberg’s book, First Friends , is out today. Gary gave me an advance copy a few weeks ago and I have been reading it. First Friends is a book about US Presidents and their best friends who influenced them in the office. The book starts with Thomas Jefferson and James Madison and ends with Bill Clinton and Vernon Jordan. In between, there are chapters about Abraham Lincoln, Woodrow Wilson, and six other Presidents and their best friends.
Indigo Marketing Agency
JULY 23, 2021
Do you know why your clients like working with you over other advisors? Do you know what traits clients look for? Contrary to popular belief, it likely has very little to do with your investment performance or fees. We did some research here at Indigo Marketing Agency. We sat down with our advisors’ clients and asked them why they love working with that particular advisor.
AdvisorPR
JULY 13, 2021
Many industries ground to a halt as the COVID-19 pandemic gripped the nation and world. Not so for Alana Kohl, whose AdvisorPR firm kicked into high gear. “Whenever there is chaos in the economy or financial markets, people have questions as it relates to their finances,” Kohl said. “When people have questions or concerns, that’s when we get busy. COVID was no different.
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