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.
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Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
