Fake unicorns are a real problem for the venture capital industry.
Recent Items
Saturday, February 7, 2026
Our New York Magazine Article: “Fake ‘Unicorns’ Are Running Roughshod Over the Venture Capital Industry”
Topics: Dubious statistics, Investment management, New York Magazine articles, Private equity, Regulations and regulators
Posted by Yves Smith at 9:55 am | 44 Comments »
Links 11/15/18
Topics: Links
Posted by Yves Smith at 6:55 am | 223 Comments »
Brexit: Brexit Minister Raab Resigns; May to Face Hostile Parliament. Update: Two More Resignations, Bringing Total So Far to Four, Now Six
Another rough Brexit day for Theresa May in the offing.
Topics: Brexit, Doomsday scenarios, Legal, Politics, Regulations and regulators
Posted by Yves Smith at 5:25 am | 92 Comments »
Uber Releases Ugly 3Q 2018 Results: Losses Widen to $1.1 Billion, Growth Slows
It”s getting hard to believe Uber’s story.
Topics: Investment management, Investment outlook, Ridiculously obvious scams, Technology and innovation, Uber
Posted by Yves Smith at 3:49 am | 35 Comments »
Is This Time Different? Examining Recent Emerging-Market Turbulence
Some emerging-market economies look wobbly. How likely are we to see more crises?
Topics: Banana republic, Banking industry, Credit markets, Currencies, Dubious statistics, Economic fundamentals, Guest Post, Investment outlook, Risk and risk management
Posted by Yves Smith at 2:31 am | 10 Comments »
2:00PM Water Cooler 11/14/2018
Today’s Water Cooler: Bloomberg, Clinton, Massachusetts Greens, Mike Espy, Bush rehabilitation, consumer price index, consumer spending, inflation expectations, Amazon, Comcast, private equity, Mr. Market, luxe panic rooms, Migrants, the homeless, Idoru in RL, origins of patriarchy
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 136 Comments »
High Stakes, Entrenched Interests And The Trump Rollback Of Environmental Regulations
Trump’s “progress” in gutting environmental protections.
Topics: Banana republic, Commodities, Economic fundamentals, Energy markets, Environment, Free markets and their discontents, Global warming, Guest Post, Health care, Legal, Politics, Regulations and regulators
Posted by Yves Smith at 9:55 am | 13 Comments »
Links 11/14/18
Topics: Links
Posted by Yves Smith at 6:55 am | 235 Comments »
Brexit: May at Her Marks to Run a Gauntlet. Update: Cabinet Approves Draft Agreement
Brexit spectacle is about to kick into a higher gear.
Topics: Brexit, Doomsday scenarios, Europe, Politics, UK
Posted by Yves Smith at 5:45 am | 72 Comments »
Apple’s “Capital Return Program”: Rewarding the Wrong People
nstead of rewarding the taxpayers and employees who actually create value for the tech giant, Apple is doling out massive stock buybacks
Topics: Corporate governance, Economic fundamentals, Guest Post, Investment management, Links, The destruction of the middle class
Posted by Yves Smith at 3:20 am | 25 Comments »
Confidence or Dead CEO Walking? CalPERS Staff Pressured to Wear Badges of Support
Yet another embarrassment at CalPERS.
Topics: Banana republic, CalPERS, Media watch
Posted by Yves Smith at 8:18 pm | 53 Comments »
2:00PM Water Cooler 11/13/2018
Today’s Water Cooler: Increased pre-tariff imports, Beto, Pelosi, post-midterms House, small business optimism, bank regulation, small warehouses, Teamster contract, robot cars, Apple, wildfires, meat substitutes, Amazon HQ, DSA, 3D printing and toxic fumes, Stan Lee
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 231 Comments »
Trump and the Midterms: Is It Not The Economy, Stupid?
What role did the state of the economy likely play in the midterm results?
Topics: Banana republic, Dubious statistics, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Politics, Taxes, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 40 Comments »
Links 11/13/18
Topics: Links
Posted by Yves Smith at 6:55 am | 186 Comments »
Brexit: A State Change Nigh? Updated: UK and EU Said to Reach Agreement; Key MPs Denounce It
If May does not get her vaunted Brexit breakthrough this Wednesday, the UK will have to start passing “no deal” emergency legislation and laying out funds for preparation. Expect the dial to go to 11 if that happens.
Topics: Brexit, Doomsday scenarios, Europe, Legal, Politics, UK
Posted by Yves Smith at 6:54 am | 34 Comments »



