Cashed

What’s more rewarding for an angel investor than paper returns in a startup? An acquisition that turns those paper returns into a cash payout while still maintaining shares in the company. “The return after dilution was eight times my investment,” said Selma Ribica in an interview with TechCrunch recently. “I kept some stock of the new entity, but a big majority was cash.” Ribica currently serves as the general partner at First Circle Capital, a venture capital firm specializing in fintech SaaS, or fintech 2.0 as she…

There are many ridiculous stories online about landlords trying to scam their tenants. While by no means does this indicate that all people in this business are like this, those few bad apples really ruin the appearance of the whole batch.For example, this Redditor shares how he left his rent check in the mailbox for the landlord, who later informed him that the payment was nowhere to be found and nobody else could’ve taken it. When the man freaked out and started asking questions, it turned out that someone could and…

When California enacted landmark criminal justice reforms several years ago, inmates and their families saw a chance at freedom.Aaron Spolin saw a business opportunity.After the laws went into effect in 2019, the then-33-year-old attorney incorporated a law firm in West Los Angeles and began marketing legal services to the incarcerated and their loved ones.Spolin, a Princeton-educated former McKinsey consultant, bought up online search terms so that people googling the laws saw ads touting the firm’s expertise. He mailed…

The cryptocurrency market has produced several stories of early investors who have seen tremendous investment returns. One such story is that of the man who was among the first 100 holders of Shiba Inu (SHIB) and cashed out $100 million during the bull run. It appears that this savvy investor has set his sights on a new project, as he is also among the first 100 holders of RenQ Finance (RENQ), a DeFi token that has been making waves in the crypto community. The Early Investor’s Story The man who cashed out $100…

The cryptocurrency market is known for its volatility, with prices fluctuating wildly in response to a range of factors. In the past, investors who have cashed out during bear markets have been viewed as savvy, but what happens when they start making predictions for the future?  Recently, a well-known cryptocurrency trader who made a fortune by cashing out during the bear market has made some bold predictions for the future, specifically about RenQ Finance (RENQ) and Shiba Inu (SHIB).  In this article, we will delve…

When FTX raised $420 million from an array of big-name investors in October last year, the cryptocurrency exchange said the money would help grow the business, improve user experience and allow it to engage more with regulators.Left unmentioned was that nearly three-quarters of the money, $300 million, went instead to FTX founder Sam Bankman-Fried, who sold some of his personal stake in the company, according to FTX financial records reviewed by The Wall Street Journal and people familiar with the transaction. Mr.…

Celsius founder and recently resigned CEO Alex Mashinsky as he appeared in a promotional video for Celsius uploaded to YouTube. The video was deleted after the company imploded.Screenshot: YouTubeThree executives at crypto trading platform Celsius cashed out at least $40 million in cryptocurrency shortly before the company halted withdrawals for all users earlier this year, according to a financial disclosure form filed in New York bankruptcy court late Wednesday. The withdrawals by Celsius executives, first reported by…

Immutable X can help crypto investors to receive dollars on Ethereum withdrawals and gain profit In a super-dynamic crypto market updated news is created almost every day. Here’s one. Now, thanks to Immutable X, Ethereum (ETH) holders can receive dollars on withdrawals of the cryptocurrency. Immutable X is a next-generation protocol for trading Ethereum NFTs. The proceeds of the exchange will be going directly to the bank account. The exchange process allows crypto investors to sell cryptocurrency…