A Legendary Investor Says This Is the No. 1 Quality That Predicts a Future Billionaire

Airbnb is worth something in the neighborhood of $30 billion now, but back in 2008 the founders had their sights set significantly lower. As co-founder Brian Chesky explained on Medium, they were attempting to raise $150,000 at a $1.5 million valuation. That means you could have bought 10 percent of the company for all of $150,000. 

But when Chesky and his co-founders approached seven prominent Silicon Valley investors, five passed and two ignored them completely. 

There are a couple lessons to take from this story. From the entrepreneur’s perspective it’s an illustration of the importance of perseverance. From the investors’ it shows just how hard it is to spot a billionaire in the making. 

A home rental platform may sound like a no brainer business plan now, but back when Chesky was pitching paying to crash on a stranger’s air mattress, the idea just seemed insane. How do the best

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Supply chains will see a split, tech to play a bigger role: Investor

CEO and Founder of North Summit Capital Min Wanli speaks during Day 2 of CNBC East Tech West on November 18, 2020 in Nansha, Guangzhou, China.

Dave Zhong | Getty Images for CNBC

A split between global and local supply chains will be important in the event of another crisis like the global pandemic, said the chief executive and founder of investment firm North Summit Capital.

“I believe there’s a bifurcation of the global supply chain into global and local,” said Min Wanli of technology-focused North Summit Capital.

A supply chain is a network between a company and its suppliers to produce and distribute the firm’s products.

“For the critical supply systems, they’ve got to have the self-contained local ecosystem, especially in the next crisis like the … coronavirus,” he told CNBC’s Evelyn Cheng. On the other hand, the pandemic has also shown that a “resilient and also highly engaged,

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French drugmaker Sanofi has just invested $59 million in biotech investor Jeito Capital to fund innovation in the biopharma pipeline



logo: FILE PHOTO: Sanofi logo is seen in Paris Reuters


© Reuters
FILE PHOTO: Sanofi logo is seen in Paris Reuters

  • Sanofi, one of the world’s biggest pharmaceutical companies, has invested €50 million in new French-based VC Jeito Capital.
  • Jeito CEO Rafaèle Tordjman, managing director of innovation at Jeito Capital, spoke with Business Insider about how the fund plans to invest the money.
  • Jeito’s first fund has already invested in two companies, with plans to invest in a further 4-5 in the next year.
  • Visit Business Insider’s homepage for more stories.

France’s Sanofi, one of the world’s biggest pharmaceutical companies, has invested €50 million ($59 million) in venture capital firm Jeito Capital, Jeito CEO Rafaèle Tordjman said on Friday.

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Jeito Capital, a Paris-based venture capital firm, plans to invest in biopharma and biotech companies across all different funding stages. Sanofi is the world’s fifth-largest drugmaker by prescription sales. Its better known over-the-counter brands include anti-acid products such as

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Vivint Smart Home to Participate in RBC Capital Markets Global Technology, Internet, Media & Telecommunications Investor Conference

Vivint Smart Home, Inc. (NYSE: VVNT), a leading security and smart home company, today announced that it will present and host meetings with investors at the RBC Capital Markets Global Technology, Internet, Media, & Telecommunications Conference. Details of the presentation are as follows:

RBC Capital Markets Global Technology, Internet, Media, & Telecommunications Conference

Date:

Wednesday, November 18, 2020

Time:

4:40 p.m. Eastern Time

The presentation (fireside chat format) will be available via live audio webcast and archived on Vivint’s investor relations website at http://investors.vivint.com/.

About the Company

Vivint is a leading smart home company in North America. Vivint delivers an integrated smart home system with in-home consultation, professional installation and support delivered by its Smart Home Pros, as well as 24/7 customer care and monitoring. Dedicated to redefining the home experience with intelligent products and services, Vivint serves approximately 1.7 million customers throughout the U.S. and Canada. For more information,

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