Finance is all about risk management, so maybe you’re worried your new career move will fail. That’s a possibility, but it’s not the end of the world.
Last year, as the wheels of the crypto bus were coming off, I spoke to a source about people reconsidering their move out of traditional finance to get into crypto. Wouldn’t it be tough for them to come back? Hadn’t they burned a bridge?
No, not at all, the source told me. Showing a willingness to take a chance on yourself and go somewhere else demonstrated the type of drive and leadership they valued, this person said.
So go take a chance! Pitch your boss on switching to that new, exciting team. Finally, get that startup idea you’ve been mulling off the ground. Or maybe even apply to be on some trashy reality dating show.
4. Thrive Capital gets by with a little help from its (powerful) friends. Josh Kushner’s venture capital firm nabbed a minority investment from some of the biggest names in business, including Walt Disney CEO Robert Iger and KKR cofounder Henry Kravis, according to The Wall Street Journal. The deal will make Kushner richer than his brother’s father-in-law, Donald Trump, Bloomberg calculates. Here’s who else just backed Thrive.
5. How much VCs pay. From investor relations to biz dev to comms, here’s the typical salary range for a number of roles and seniority levels, according to a recent survey. In summary, these people can afford to buy plenty of Patagonia vests. Check out the salary data for yourself.
6. Lazard wants in on the startup game. The boutique investment bank has created a team based in Los Angeles and Austin to focus on US startups, the Financial Times reports. More on the firm’s plans here.
7. Apologies in advance if you own a home in these cities. Goldman Sachs pegged these four US cities as having home prices drop by more than 25% this year. Here’s who is set to get clobbered.
8. The New York Stock Exchange had quite the opening. An apparent glitch in the exchange’s opening auction caused some high-profile stocks like Walmart, AT&T, and Wells Fargo to swing widely before trading was halted, Bloomberg reports. More on the fiasco here.
9. Prepare for liftoff. We’ve got a list of the best and worst US airlines, according to The Wall Street Journal. To be honest, I was shocked with where JetBlue ranked. Here’s the entire list.