Blockchain is one of the hottest topics in the business world right now. But venture capitalist Carter Reum, author of “Shortcut Your Startup”, warns against turning to crypto in an attempt to make easy money. “Anyone smart knows that the blockchain is here to stay, and can be very disruptive,” he said. “[But] I think too many people think, ‘I’m going to buy it for X and sell it for X, and I’ll be rich.’ Or ‘I’m going to buy a mining machine.’” “My Lyft driver told me the other day that he bought a mining machine. That’s pretty scary.” Reum, co-founder of investment firm M13, has invested in over 130 companies such as SpaceX, Pinterest, and Slack. He says that entrepreneurs looking for affordable or new investments should consider looking into companies “coming out of the gate.” “What’s exciting is that you’re about to have a lot of great tech IPOs, I think over the next 18 to 24 months,” he said. “So consumers will get exposure to companies like Pinterest, like Lyft, which they previously didn’t have exposure to.” For full interview [click here](https://cheddar.com/videos/unconventional-advice-for-aspiring-entrepreneurs).

Share:
More In Business
Starbucks’ Change Flushes Out a Debate Over Public Restroom Access
Starbucks’ decision to restrict its restrooms to paying customers has flushed out a wider problem: a patchwork of restroom use policies that varies by state and city. Starbucks announced last week a new code of conduct that says people need to make a purchase if they want to hang out or use the restroom. The coffee chain's policy change for bathroom privileges has left Americans confused and divided over who gets to go and when. The American Restroom Association, a public toilet advocacy group, was among the critics. Rules about restroom access in restaurants vary by state, city and county. The National Retail Federation says private businesses have a right to limit restroom use.
Trump Highlights Partnership Investing $500 Billion in AI
President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum. While Trump has seized on similar announcements to show that his presidency is boosting the economy, there were already expectations of a massive buildout of data centers and electricity plants needed for the development of AI.
Load More