Paul Deschênes

42 Flips | 7 Magazines | 72 Likes | 1 Following | 10 Followers | @pdeschenes2 | Entrepreneur at Heart !!

10 Startups That Reached a $1 Billion Valuation in Practically No Time

There are 135 private companies in the U.S. worth $1 billion or more.<p>In the startup world, the odds of a company achieving a valuation of $1 billion or more is considered so slim, it's named after a mythical beast -- the unicorn.<p>In the entire US, there are just 135 private companies that are valued …

Lamborghinis lined the street outside a massive NYC cryptocurrency conference, but it turns out they were only staged rentals

Robertus Pudyanto/Getty Images<p><b>Lamborghinis were spotted parked outside New York's blockchain conference Consensus this week.</b>• <b><br>Cryptocurrency enthusiasts and others have long revered the Lamborghini as an aspirational symbol of wealth.</b>• <b><br>But it turns out that the Lamborghinis in question didn't actually</b> …

It's Dumb Not to Have Investments in Cryptocurrencies, Cannabis in a Portfolio

Lighten up a bit.<p>Blue-chip stocks like Boeing (BA) have reigned supreme on Wall Street for generations. The tech complex known as FANG has held court …

Investing

How to score big at government auctions, on everything from real estate to bugles

Rolex watches seized from drug lords. Homes confiscated from tax cheats. Blackhawk helicopters the military no longer needs. The federal government is auctioning off all this — and more. The "more" often means mundane things like office chairs and shredders and mysterious things like "swamp cooler …

Real Estate

S.E.C. Warns Celebrities Endorsing Virtual Money

The Securities and Exchange Commission took a first step on Wednesday to head off the recent trend of celebrities endorsing new virtual currencies, warning that they could be breaking laws.<p>Entrepreneurs have been issuing the digital currencies through so-called initial coin offerings, or I.C.O.s, …

Bitnation launches Pangea jurisdiction for creating nations on the blockchain

This autumn Bitnation intends to reset society with the Pangea Arbitration Token.<p>Decentralised Borderless Voluntary Nation (DBVN) project Bitnation, …

Confused About Blockchain? Here's What You Need to Know | Inc.com

Unless you've been living under a rock, you've probably heard someone mention Bitcoin, crytpocurrency, or "mining" sometime in the past few years. But do you actually know what they're talking about?<p>For most people, Bitcoin is the introduction they have to the world of blockchain technology. …

Blockchain

Need Car-Charging Infrastructure? How About Peer-To-Peer And On The Blockchain

There’s already a fairly robust start to a charging system for EVs, but most of its privately owned. A new plan wants to open it up.<p>To meet the needs of the millions of electric vehicles that may be on the roads over the next decade or two, we’re going to need a lot more places to plug in. The …

GM's SURUS fuel-cell truck platform could be a disaster-relief hero

Hurricane Maria decimated Puerto Rico's infrastructure, including its power and water supplies, as well as its medical, transportation and food distribution networks. The natural disaster's wrath couldn't have been fully avoided, but having access to something like General Motors' new concept …

How to run a token sale

Seed funding is drying up. Accelerators are scrambling for revenue. Things are changing drastically in the startup ecosystem.<p>Why?<p>First, as we all know, it’s easier than ever to build a startup. An MVP can hit the app stores in a few days and the need to raise millions for servers and software is …

ICO Creator And Coinme Team Up To Spread Bitcoin ATMs

The booming cryptocurrency industry is full of scathingly smart technologists pioneering a completely new type of economics. As for the rest of us, …

The Fastest-Selling Used Cars Are EVs And Plug-In Hybrids

In an earlier post, we documented several reasons why it can be a smart move to buy a used electric car. Apparently, there’s one problem with that sage advice, namely they can be hard to find, especially since plug-in cars are now among the quickest-selling pre-owned models on a dealer’s …

She Lost Everything, Went to Jail, and Now Runs an $11 Million Company | Inc.com

<i>As founder of a $30 million technical support startup, Heather Blease was on top of the world. But when one mega-client didn't deliver, her company came crashing down. After nearly a decade, Blease decided to launch the Brunswick, Maine-based SaviLinx, another technical support startup, with a new</i> …

Startups

Fly free, my friend ...

Apple's $1 Billion Advanced Manufacturing Fund

CEO Tim Cook said the company supports 2 million U.S. jobs and hoped to create more.<p>Apple CEO Tim Cook says his company has created 2 million jobs in the U.S., adding the tech giant was setting up a $1 billion fund to promote advanced manufacturing in the country.<p>The 2 million number counts not …

Manufacturing

HEDGE FUND READING LIST: Hundreds of investors say these 10 finance books are must-reads

GuilhermeMesquita/Shutterstock SumZero, a social network for buyside investors, asked its members to share their favorite investment books in their user profiles.<p>The list is based on 1,120 responses, and ranked from least to most recommended. You can consider it a hedge fund reading list.<p>The books …

50 Best Places to Travel in 2017

The 50 destinations that made our list this year include one of France’s lesser-known wine regions, America’s next big dining spot, and a buzzy Greek …

How the ‘Dota 2’ International winners are splitting the $9 million grand prize

Esports team Wings Gaming took home the crown at the Dota 2 International 2016 in Seattle, winning over $9 million of the $20 million prize pool.<p>The …

This Man Traveled Around The World For 18 Months Spending Only Bitcoin

At the end of 2014, everyone was telling programmer Felix Weis that Bitcoin was dead.<p>“I knew it wasn’t true because I used Bitcoin at least once a week in Berlin,” he recalls. (Though originally from Luxembourg, he had been living there for two years.)<p>After hearing about Bitcoin back in 2012, he …

Bitcoin

Here's Why Bitcoin Prices Are Skyrocketing

These are heady days for owners of bitcoin.<p>The virtual currency has been surging of late, with the price of one bitcoin rising close to 23% since …

The U.S. Stock Of A Former Greek Shipping Billionaire Sinks To $1

In 2005, George Economou led about a dozen Greek dry-bulk shipping firms to publicly list their companies in the U.S., starting with the IPO of his own DryShips. But Economou’s DryShips voyage is now sinking and may be nearing its end.<p>On Tuesday, shares of DryShips fell by 44% to $1.31 after …

Loans

Microsoft is going to invest a lot more cash in startups — here's what it wants in return

In a new blog post, Kashyap lays out the changes coming to Microsoft Ventures — namely, that it'll be focusing a lot more on early-stage startups — and explains the tech titan's overall investment philosophy.<p>Here's the short version: Microsoft is looking for startups that can boost its most …

Apple Store Stops Selling The Original iPad Mini

Apple’s original iPad mini, the only non-Retina iPad still on sale, was quietly removed from Apple’s online store last night, as noted by 9to5Mac. Comparing the iPad section of the store between this morning and yesterday reveals that the first-gen iPad mini has been dropped from the comparison …

EA closes SimCity studio Maxis

Sad times for <i>SimCity</i> fans -- EA has closed down the development studio responsible for the beloved city building series. Maxis, based in Emeryville, …

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FORTUNE — In recent weeks, the arrest of Bitcoin Foundation’s Charlie Shrem and the near collapse of Mt. Gox, the world’s largest Bitcoin exchange, have added plenty more debate over the virtual currency’s survival and future. Of all the talk, however, what’s often overlooked is that the payment …

Jawbone Has A $600M Revenue Run Rate As It Paces To IPO

Happy Thursday. Kara Swisher is reporting that Jawbone is in the process of raising $250 million from Twitter, Flipboard and Square investor Rizvi Traverse.<p>We heard that the financing has closed, and that the deal actually got done a month and a half ago. Swisher’s numbers (around $250 million at …