Earlier in the year I believed that someone would soon start a Venture Capital Fund to back high schoolers. It should happen and will.
I now have a great idea for a new Venture Capital Fund….The Venture Cash’ Bernacke’ Fund….our tagline ‘Fourty Percent Returns are EASY, try ONE Percent!’
Venture is back. My friend Jon Callaghan wrote a great piece about the state of Venture Capital . He is bullish and for the right reasons. I was extremely bullish last fall and now too busy to be as bullish, but I agree in principle.
I have the good fortune of being recently funded at Stocktwits. A few of the other businesses I have helped fund are also knee deep in cash from investments this year. I just learned a shitload from trying to safely deposit $3 plus million in short-term CD’s at a multitude of banks. It’s a good problem to have, but not one most founders will want to deal with.
I guess you could call your broker at Lehman, Bear or the other 165 banks that have failed and see what they offered.
I would prefer to try and find the 6-10 that may survive for two more years.
There are hundreds of companies in 2009 and likely more in 2010 that will get $2-$10 million in funding. I know the nightmare that lies ahead for managing that cash.
For them I offer…Howie’s Venture Cash Fund.
P.S. The hoops, paperwork and processes to earn zero on our money is enough to make me hurt someone at the FED. We have a ‘talking point’ government and ‘Fed. It’s wrong, and it will choke the recovery for a very long time. Continue to be very careful.
there used to be brokers where you could give $1m+ and they would distribute them to cd’s for you at the prev max fdic limit. however, they are now illegal.
there used to be brokers where you could give $1m+ and they would distribute them to cd's for you at the prev max fdic limit. however, they are now illegal.
there used to be brokers where you could give $1m+ and they would distribute them to cd's for you at the prev max fdic limit. however, they are now illegal.
how can that be illegal? not doubting, just asking
how can that be illegal? not doubting, just asking
great idea howard. IMHO gotta take this game global. of course i'm not concerned about your ability to get those dollars, more so about what those dollars will be worth by the time you need to spend them
If you're looking to buy a CD from a bank that will be around in a few years, consider my bank, NVE (warning before you click: cheesy music will play if your volume is on) — it's been around for 122 years. In fact, I first opened up an account there after seeing it listed among the safest banks in the country in Ravi Batra's book, The Great Depression of 1990.
great idea howard. IMHO gotta take this game global. of course i’m not concerned about your ability to get those dollars, more so about what those dollars will be worth by the time you need to spend them
Hey Kid, I think that spreading your $$ around (the globe that is) isn’t a bad idea in general. But I think most of the dollar bashing has probably run it’s course for the time being. I wrote a post end of Oct where I talked about the dollar decline running out of steam (http://www.uniquevisitor.net/attn-dollar-bears-youll-probably-be-surprised) and since then the dollar index is actually trading a hair higher. My 2 cents.
hey jeff, we will of course have pullbacks — i’m got $1115/oz for gold as “the line in the sand” on my anti-dollar bets; i’ll likely close out all my anti-dollar bets if my stop is hit there, as i think that would signal a sufficient enough rally in the USD to sit on the sidelines for a bit. but the factors that have caused the USD to be on a 10 year decline are still in place and accelerating. if the USD is serious about surviving, govt spending needs to drastically be reduced — de-militarization is required. i find this extremely unlikely. raising rates is another option, though that will have harsh consequences as well. facing the music and expunging the malinvestments from the market is required for the economy to recover, IMHO failure to embrace this only ensures ongoing dollar troubles.
If you’re looking to buy a CD from a bank that will be around in a few years, consider my bank, NVE (warning before you click: cheesy music will play if your volume is on) — it’s been around for 122 years. In fact, I first opened up an account there after seeing it listed among the safest banks in the country in Ravi Batra’s book, The Great Depression of 1990.
Hey Kid, I think that spreading your $$ around (the globe that is) isn't a bad idea in general. But I think most of the dollar bashing has probably run it's course for the time being. I wrote a post end of Oct where I talked about the dollar decline running out of steam (http://www.uniquevisitor.net/attn-dollar-bears-…) and since then the dollar index is actually trading a hair higher. My 2 cents.
hey jeff, we will of course have pullbacks — i'm got $1115/oz for gold as “the line in the sand” on my anti-dollar bets; i'll likely close out all my anti-dollar bets if my stop is hit there, as i think that would signal a sufficient enough rally in the USD to sit on the sidelines for a bit. but the factors that have caused the USD to be on a 10 year decline are still in place and accelerating. if the USD is serious about surviving, govt spending needs to drastically be reduced — de-militarization is required. i find this extremely unlikely. raising rates is another option, though that will have harsh consequences as well. facing the music and expunging the malinvestments from the market is required for the economy to recover, IMHO failure to embrace this only ensures ongoing dollar troubles.
maybe you might use part of this 3mill to spread them among all Stocktwits premium subscriptions and earn from them. This would send a powerful message to the world. It would give the media an interesting story to talk about.
maybe you might use part of this 3mill to spread them among all Stocktwits premium subscriptions and earn from them. This would send a powerful message to the world. It would give the media an interesting story to talk about.
You’re in the same situation that any saver or keeper of cash is in right now. You feel like you should get paid for holding cash – even as you deploy it over time for your business…I’m sure there are some smart banks who would gladly give you a guaranteed return on cash plus some margin over an index (if you’re willing to take on their credit risk!)
You're in the same situation that any saver or keeper of cash is in right now. You feel like you should get paid for holding cash – even as you deploy it over time for your business…I'm sure there are some smart banks who would gladly give you a guaranteed return on cash plus some margin over an index (if you're willing to take on their credit risk!)
You're in the same situation that any saver or keeper of cash is in right now. You feel like you should get paid for holding cash – even as you deploy it over time for your business…I'm sure there are some smart banks who would gladly give you a guaranteed return on cash plus some margin over an index (if you're willing to take on their credit risk!)