How Uber and Pinterest Investor Scott Belsky Finds Opportunity
Cheddar investor and entrepreneur Scott Belsky joined Cheddar at Cornell's Entrepreneurship Summit, and talked about how entrepreneurship has changed over the past decade.
Belsky said that design is now a competitive advantage, whereas ten years ago it was something you would outsource. He also said that starting and testing a company is easier than ever. The only drawback being a company's ability to scale, something he attributes to the mastering different social media platforms.
Belsky is invested in companies such as Uber, Pinterest, and Warby Parker. When looking for a company to invest in, he looks at its technology, how it might make new careers in the future, and for a concept that plays into the creative industry. He also looks at the team running the company. The team must be design-centric, take initiative, and listen.
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
