Mountaintop, a hot gaming startup set up by an Oculus cofounder, looks to have raised a fresh $20.5 million
Game developer studio Mountaintop Studios has raised at least $20.5 million, a filing shows. The startup was set up by Oculus alumni including cofounder Nate Mitchell. Mountaintop is developing a player-versus-player tactical shooter. According to an SEC filing, Mountaintop Studios, cofounded by Oculus alumni Nate Mitchell and Matt Hansen, has raised at least $20.5 million…
Wall Street Journal overseas teams are taking a hit as Hong Kong is trimmed and insiders brace for more cuts
The WSJ laid off editorial staff in Hong Kong, and insiders speculated more cuts could be coming. EIC Emma Tucker recently revealed her plan to jumpstart the paper’s digital readership. She wants the newsroom to be “audience-first,” “go deep,” and “stop flooding the zone.” Emma Tucker’s Wall Street Journal laid off employees in its Hong…
In hedge funds’ backyard, private credit is the toast of the town
At the annual Greenwich Economic Forum, private credit is the fan favorite. In a town known for big macro bets and groundbreaking quant strategies, regional bank-like loans are hot. “It’s not a bubble,” Jan Van Eck, CEO of the eponymous asset manager said. Investors in Greenwich, Connecticut, home to hedge-fund titans like Ray Dalio and Cliff…
Snowflake’s CMO reveals her marketing strategy that will help the company go from $2.6 billion in revenue to $10 billion by 2029
Snowflake CMO Denise Persson started in 2016, before the company even hit $100 million in revenue. It is anticipated to hit $2.6 billion in revenue by the end of this year. Persson outlined her evolving marketing strategy, as Snowflake aims for $10 billion in revenue by 2029. Denise Persson, CMO at Snowflake, faces a significant…
The co-founder of Thinkorswim breaks down a bargain-hunting options strategy he says offers the highest probability of profit — although 2 other experts say the unhedged trade isn’t for everyone
Tom Sosnoff says covered calls are a popular strategy for beginner options traders. But he prefers a trade he says is more capital-efficient: a naked short put. Analyst John McGinn says beginner traders should only try this strategy if they have adequate cash. Option trading has long been supported by Tom Sosnoff, co-founder of Thinkorswim…
A financially independent 32-year-old who grew up in a cash-strapped household shares the simple but life-changing money advice he received from a high school teacher
Our investing experts respond to readers’ questions and write unbiased product reviews (here’s how we evaluate investing products). Paid non-client promotion: We may receive a commission from our partners in some cases. Our thoughts are always our own. Erik Smolinski started saving money as early as 12, when he got his first job. Thanks to…
4 freelancers share how they use AI to save time and make more money
These freelancers use AI to write content, generate blog ideas, and even write their books. They say it can help them get through their tasks more efficiently — and save them money. This is how they use it. Amid concerns that generative AI will take people’s jobs, Morgan Stanley recently predicted that it would allow…
Startups are hitting a road block when selling their AI to big companies. Investors and founders explain how to get around it.
As companies clamor to buy AI products, some startups are running into a sales barrier. Startups can struggle with procurement teams, which buy services for the company. Issues include data concerns, cloud providers, and education on AI basics. After a decade of working at Microsoft and Qualcomm, Samir Kumar understands how difficult it can be…
Brite Payments, a fintech startup founded by a former Klarna employee, just raised $60 million using this 10-slide pitch deck
Swedish fintech startup Brite Payments has raised $60 million in venture capital funding. Founded in 2019, Brite offers account-to-account payments for merchants. The company is part of the growing open banking and A2A space in Europe. Brite Payments, a fintech startup, has raised $60 million in venture capital funding to expand its European operations. The…
