Is your password up there? Might want to change it.
I've started using phrases for my password. They're harder for computers to guess, but easier for you to remember. This comic by former NASA scientist, Randall Munroe sums it up:
Recently, we talked about billionaires and how they made their money. Today, I want to talk about companies that are valued at over $1 billion dollars.
In tech finance, a "Unicorn" is the moniker applied to private startups when they cross the supposedly mythical $1 Billion valuation level.
Well, fairy tales are coming true more often.
The number of Unicorns doubled in 2015 ... and not just in number – but in value as well.
It's mainly comedy, but there are some nuggets of truth hidden in there.
As for the Tony Robbins event, there is a lot of truth woven through lots of entertainment. And I'm always impressed by how masterfully he controls a room!
I've been to many Tony events in the past, but I get something new every time.
One of the ideas I liked was a concept he uses often ... Victory is near!
The night is always darkest before the dawn. The storm is roughest before the break. And even after the coldest, darkest, winter ... Spring appears.
If you're looking for a relatively short (but representational) glimpse at what Tony does – a good place to start is his TED talk on why we do the things that we do.
In my office, we use a lot of what seems like "futuristic" artificial intelligence approaches to understanding financial markets. Most of my team are technical or data-science specialists that develop and drive the systems that create our systems.
Pretty soon, we may start to question where using humans is still smart or cost-effective.
In the meantime, I'm fascinated by what is becoming possible ... and how, even when the A.I. is little more than an elegant use of brute force, incredible results are becoming commonplace.
Unicorns Are Becoming Less Mythical
Recently, we talked about billionaires and how they made their money. Today, I want to talk about companies that are valued at over $1 billion dollars.
In tech finance, a "Unicorn" is the moniker applied to private startups when they cross the supposedly mythical $1 Billion valuation level.
Well, fairy tales are coming true more often.
The number of Unicorns doubled in 2015 ... and not just in number – but in value as well.
The chart, which only shows the 185 Unicorns that are still private companies, highlights the increasing Unicorn density since 2014.
Currently, Uber is the most valuable Unicorn, with a $66 Billion Dollar valuation.
What do you think it means?
Are these companies a sign of a strong market, a bubble, or both?
Posted at 12:14 AM in Business, Current Affairs, Market Commentary, Trading, Web/Tech | Permalink | Comments (0)
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