Share Now (formerly Car2Go) Service in North America will shut down

Another shared economy service provider bites the dust.... Aivars Lode

Why BlackRock is facing backlash in France

As Asset Managers find it more difficult to provide returns it is totally conceivable that they would attempt to reduce pension payments or extend the working age in order to disguise that they are not delivering... Aivars Lode

Read Financial Times Article

Era of mega-funded, money-losing unicorn start-ups is coming to an end

Oops! Looks like the end of mega funded Unicorns  ....Aivars Lode

As we begin accepting nominations for CNBC’s eighth annual Disruptor 50 list, we’re looking at how this year’s batch of companies will reflect the latest tech trends.

Last year was a big one for companies valued at $1 billion or more — the so-called “unicorns.” There were 36 on the 2019 Disruptor 50 list, and of the 80 companies that went public last year, 28 of them were worth $1 billion or more at the time of their IPO.  But the performance of last year’s biggest debuts, such as Uber and Lyft, has shown that raising billions of dollars pre-IPO has not translated to public market success. That means, as investors and executives scrutinize those results, the era of mega-funded private companies waiting to go public could be coming to an end. Benchmark Capital’s Bill Gurley, a longtime venture investor, recently tweeted his unicorn doomsday prediction.