Monday, Robinhood announced a new $200 million round of funding at over $11 billion. Way back in 2014, I invested in Robinhood at the seed stage for our fund Social Leverage. I wrote about it here. I laid out what I thought was going to happen and I got a lot right. In September 2014, …

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Back on March 10th when I started ‘Panic With Friends’ I believed it was too late to panic. I NEVER would have dreamed that the S&P would be back at all-time highs, but here we are. Today would be a much better day to panic. In the spirit of ‘panicking first’, I invited Samatha Laduc …

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I miss New York city. So many of my friends are leaving or have left. I have read blog posts that New York City is never coming back and they make a lot of sense. But, I like Fred’s take on New York best. NYC is not going out of business. It will need a …

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As a reminder, Marketsmith (by Investor’s Business Daily) is now a sponsor of the weekly show. All the charts you have been seeing in the videos and will continue to see are from Marketsmith. They are offering my readers a three week trial for $19.95. Click this link if you would like to try it …

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I don’t own any bonds. I doubt I ever will. My small bond allocation is in short term treasuries (if you call those bonds then yes I own bonds), but they basically yield me zilch (my advisor Charlie handles this for me). Charlie and I have spent the last year thinking through portfolio construction for …

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I am always raising capital. It is part of my job. One of the questions I get asked most since I first started investing ‘professionally’ as a seed investor is ‘where are we in the cycle‘. Translation… ‘I am worried about the bubble in private and public markets‘. The internet is filled with daily missives …

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Before I get started…Ellen, Rachel and I watched the Netflix Steve Madden documentary called MADDMAN and it was excellent. Steve’s crazy entrepreneurial spirit and team building are inspirational. Speaking of Madmen…stock splits are back as if to tempt the 1999 Nasdaq stock market bubble gods. The spilts come at a curious time as ‘fractionalization’ becomes …

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One of the most popular people on Coronado is Brian Smock. Brian was the one that taught Max how to play golf for life. Max has this simple, perfect, compact, on plane swing. Locked down on the island this summer, I have treated myself to a few golf lessons with Brian. I am a mental …

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Raising money is never easy, even in this world flush with liquidity, but raising the right capital is extremely important. Every founder should understand their choices. My friend William (Bill) Libby joined me on ‘Panic With Friends’ to talk about growth and credit facilities and the concept of ‘Delay the A’. Bill founded Upper 90 …

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I am amazed every day by the resilience of people. Life is difficult almost always, but 2020 is bananas. I can’t complain because in some most important ways, my life got better. My kids are healthy and working from home. Ellen is building a career in real estate and is crazy busy because lunatics are …

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