Different rules in Russia

Mike Calvey was an American success story in Moscow. The U.S. citizen founded Baring Vostok Capital Partners in 1994, investing nearly $3 billion into local companies — including an early bet in Yandex at a valuation of just $15 million (current market cap on the Nasdaq is $10.3 billion).

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Sean Steigerwald
Oppy, An Inspiration

As we continue to build our community of bookkeepers, accountants, and consultants at Malartu we often look to successful counterparts in the industry who have built communities of their own. 
“It is therefore that I am standing here with a sense of deep appreciation and gratitude that I declare the Opportunity mission as complete,” Thomas Zurbuchen, NASA’s associate administrator for science, said at a news conference this week. 

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Sean Steigerwald
Intuit Competes with Customers

It doesn't matter which angle you take here: Intuit is now competing with their customers. And this isn't the first time they have done so, in 2017 Intuit launched TurboTax Live, a service that connects TurboTax customers with EAs and CPAs to help with taxes on demand. 

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Sean Steigerwald
Taking their ball and going home

Amazon on Thursday canceled its plans to build an expansive corporate campus in New York City after facing an unexpectedly fierce backlash from lawmakers, progressive activists and union leaders, who contended that a tech giant did not deserve nearly $3 billion in government incentives.

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Sean Steigerwald
The State of Venture Capital

If you look at how much VC firms have raised from Limited Partners (LPs) over the past 2 decades you’ll see that we’ve returned to a level that we haven’t seen since 1999, which leaves many crying "tech bubble.”

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Sean Steigerwald
We wanted flying cars...

Uber is apparently working to integrate autonomous driving and sensing technology into their electric bicycles and scooters, according to 3D Robotics CEO Chris Anderson. Uber’s Advanced Technologies Group (ATG) made the announcement this weekend at a DIYRobocars event.

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Sean Steigerwald
Ever wonder how much artists make on Spotify?

A portion of Spotify's subscription revenue is set aside as payment to artists. Let's call it an "artist pool." This pool is distributed to artists by aggregate play counts. Since the pool is inherently limited, this is like you being paid not just on your performance, but on the performance of your competitors. 

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Sean Steigerwald
Got 'Em Comin' And Goin'

The WSJ reports WeWork CEO Adam Neumann made millions by snatching up private stakes in several valuable commercial real estate properties under his own name...then leasing those spaces back to WeWork.

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Sean Steigerwald