What's on Your Mind?

Venture capital powers innovation, yet investment decisions still favor the familiar. From the original design of the industry to the women reshaping its future, the patterns that drive investment may be poised for change. Is venture capital ready for a new outfit? On October 25, 1988, the Women’s Business Ownership Act (H.R. 5050) was signed into law, granting women the right to own and operate businesses without a male cosigner. This landmark legislation was a breakthrough for women’s economic independence. Yet by that time, generations of deal making had already embedded a pattern of men investing in men. Pattern matching is woven into the fabric of venture cap…

The Washington, D.C., architectural firm that President Donald The President tapped to design his White House ballroom is known for its ornamental, classical architecture, but the firm’s work is not generally known, even by design aficionados. Crews are now demolishing the entirety of the East Wing for an expansive, $250 million new space designed by McCrery Architects, which compared to the detailed, hi-fi portfolios of today’s most prominent architectural firms, has a strikingly light online footprint. The firm’s site shows only contact information for new commission inquiries and a slideshow of work that includes artist renderings of the planned ballroom. There…

In a company’s early days, culture is forged through proximity—shared desks, late nights, and the push-and-pull of turning ideas into reality. Decisions happen on the fly, and everyone knows each other by name. But as you scale—especially as a remote-first organization—that sense of connection can quietly fade. Suddenly, you realize you can’t attend every onboarding, celebrate every milestone, or even recognize every face on a Zoom call. That moment should give you pause. In fact, if it doesn’t, you’re missing a red flag. At Appfire, we’ve gone from a small crew to nearly 800 people across multiple continents. Our remote-first approach lets people “work where they…

China’s ruling Communist Party said Thursday it will focus on speeding up self-reliance in science and technology, a long-running push that has become more pronounced as the U.S. has imposed increasingly tight controls on access to semiconductors and other high-tech items. The announcement by state media came in a communique after a four-day meeting that approved a draft of the party’s next five-year development plan. China faces “profound and complex” changes and rising uncertainty, it said. The communique did not directly mention the trade war with U.S. President Donald The President. China’s leader Xi Jinping is expected to meet The President for talks in South…

Personalized vaccines that steer the immune system to fight unique cancer cells show promise, but another powerful way to treat cancer might be hiding in plain sight. People being treated for advanced skin and lung cancer lived longer if they had received a Moderna or Pfizer COVID-19 vaccine, according to new research published in the journal Nature. Both vaccines work using mRNA, which prompts cells to make a virus-like protein that triggers a useful immune response and teaches the body how to protect itself. When a team working to develop personalized mRNA cancer vaccines found that those vaccines were mostly effective due to the broad immune response they prom…

As Nvidia’s value has soared—becoming the first public company to hit $4 trillion in market capitalization earlier this year—it’s been pouring money into AI startups. Its venture arm, NVentures, is also backing less expected bets. The latest: Redwood Materials, the EV battery recycling company, which just raised $350 million in a new funding round. Redwood launched in 2017 with the aim to build a U.S. supply chain for critical metals by pulling materials like cobalt and lithium from used EV batteries. But the company spun up another major business this year—using secondhand EV batteries as a low-cost form of energy storage at data centers. “I think people misn…

In the Marshall Islands, where the land averages only 7 feet (2 meters) above sea level, people are acutely aware of climate change. Their ancestors have lived on this string of Pacific islands for thousands of years. But as sea level rises, storms more easily flood communities and farmland with saltwater. Warming ocean water has triggered mass coral-bleaching events, harming habitats that are important for both tourism and fish that the islands’ economy relies on. If the world fails to rein in the greenhouse gas emissions driving climate change, studies suggest low-lying islands like these could be uninhabitable within decades. Marshall Islands Preside…

NASA just handed Elon Musk a very public reality check—and virtually threw its own moon plans into the trashcan, although the U.S. space agency won’t be admitting that. SpaceX isn’t necessarily the shoo-in to land the first Americans on the moon since the Apollo 17 mission 52 years ago. Instead, NASA is opening the contract to other companies, like Jeff Bezos’s Blue Origin and Lockheed Martin. While this doesn’t mean that SpaceX won’t get it, it’s the agency’s way of slamming SpaceX for its delays and lack of focus on the lunar program. Reopening the marquee Artemis crewed landing contract to competition is an admission that the Starship won’t be ready on time. Americ…

It used to be that artificial intelligence would leave behind helpful clues that an image it produced was not, in fact, real. Previous generations of the technology might give a person an extra finger or even an additional limb. Teeth could look odd and out of place, and skin could render overly blushed, like something out of Pixar. Multiple dimensions could befuddle our models, which struggled to represent the physical world in a sensical way: Ask for an image of salmon swimming in a river, and AI might show you a medium-rare salmon steak floating along a rapturous current. Sure, we were in the uncanny valley. But at least we knew we were there. That’s no longer…

“Welcome to the future!” David Arena, head of global corporate real estate for JPMorganChase, is standing on a sweeping staircase in a soaring travertine-clad lobby addressing a crowd. He’s there to welcome visitors to the ribbon cutting of 270 Park Ave., the banking behemoth’s new global headquarters in Manhattan. Behind him, an American flag hitched to a fluted bronze mast flies vigorously (it’s propelled by an artificial breeze that required a remarkable amount of fine-tuning). Standing next to him are the people who helped design and build the $3 billion, 2.5 million-square-foot supertall: JPMC CEO Jamie Dimon, British architect Norman Foster, developer Rob …

One of my Bentley University students put it plainly the other day: “AI taking entry-level jobs is a ‘when,’ not an ‘if.’ But in venture capital, 70% of the decision is reading the founder and team—and that’s something AI can’t do.” That simple breakdown , 70% people, 30% product—flips the usual narrative about finance. For decades, finance was defined by numbers. Analysts lived and died by the spreadsheets. Today, AI can run discounted cash flows, parse a term sheet, and size a market faster than any junior associate. But if you talk to people in venture capital, they’ll tell you the math has never been the most important part. The numbers matter, of course, but the …

President Donald The President announced he’s ending “all trade negotiations” with Canada because of a television ad opposing U.S. tariffs that he said misstated the facts and called “egregious behavior” aimed at influencing U.S. court decisions. The post on The President’s social media site came Thursday night after Canadian Prime Minister Mark Carney said he aims to double his country’s exports to countries outside the U.S. because of the threat posed by The President’s tariffs. The President’s call for an abrupt end to negotiations could further inflame trade tensions that already have been building between the two neighboring countries for months. The President post…

It used to be that artificial intelligence would leave behind helpful clues that an image it produced was not, in fact, real. Previous generations of the technology might give a person an extra finger or even an additional limb. Teeth could look odd and out of place, and skin could render overly blushed, like something out of Pixar. Multiple dimensions could befuddle our models, which struggled to represent the physical world in a sensical way: Ask for an image of salmon swimming in a river, and AI might show you a medium-rare salmon steak floating along a rapturous current. Sure, we were in the uncanny valley. But at least we knew we were there. That’s no longer…

Alaska Airlines said its operations have resumed Friday after it had to ground its planes for hours because of an information technology outage. The airline said in a statement that 229 flights were canceled because of the outage and that more flight disruptions were expected as it worked to “reposition aircraft and crews.” Alaska Airlines said it is working on getting travelers affected by the disruption to their destinations. It asked that passengers check their flight status before heading to the airport. The grounding Thursday affected Alaska Air and Horizon Air flights. Hawaiian Airlines, which was bought by Alaska Air Group last year, said its fl…

The stunning indictment that led to the arrest of more than 30 people, including Miami Heat guard Terry Rozier and other NBA figures, on charges of illegal sports betting has drawn new scrutiny of the booming business of professional sports gambling across the U.S. Since widespread legalization, the multibillion-dollar industry has made it easy to place wagers on everything from the outcome of games to that of a single play with just a few taps of a cellphone. It’s just about impossible to go to a basketball, football, baseball or other pro game today — or watch a matchup on TV — without seeing ads for sports betting. Fans can place wagers from their stadium seats, whil…

President Donald The President was geared up for a show of federal force in San Francisco, a city he’s blasted as everything wrong with liberal governance. Then conversations with some of the Bay Area’s most prominent tech leaders and the mayor changed his mind. “I got a great call from some incredible people, some friends of mine, very successful people,” The President told reporters Thursday at the White House, specifically referencing Jensen Huang, the CEO of Nvidia, one of the world’s most valuable tech companies, and Marc Benioff, CEO of software company Salesforce. He said they told him San Francisco was working hard to reduce crime. “So we are holding off that su…

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Since mortgage rates spiked in 2022, many large homebuilders have tried to make homes more affordable by shrinking them, stripping them down, or pushing buyers farther out. Allan Merrill, CEO of Atlanta-based Beazer Homes—a publicly traded builder with a $710 million market capitalization and the 23rd-largest single-family homebuilder last year—believes that’s the wrong approach. “The way I think about it is, I don’t want to sell you a cheaper home,” Merrill told ResiClub last week. “I want to sell you a home that costs you less every month to live i…

China‘s leaders are vowing to reduce reliance on foreign advanced technology and spur stronger domestic demand as it weathers “high winds” amid elevated trade tensions with the U.S. An outline of the ruling Communist Party’s blueprint for the next five years was laid out in a 5,000-word communique released Thursday after a four-day top level meeting in Beijing, just days ahead of planned talks between Chinese leader Xi Jinping and U.S. President Donald The President. Five-year plans are a throwback to the days of Soviet-style central planning. China still relies heavily on them to map out policy priorities and decide on funding. Party “plenum” meetings like the on…

One of Hollywood’s crown jewels is on the block: WarnerBros. Discovery, the parent company of HBO, CNN, and major movie franchises like Harry Potter and the D.C. universe, officially confirmed this week that it is open to a sale. The company has already received multiple offers, but wouldn’t disclose any of the parties bidding for its assets; potential acquirers reportedly include Paramount Skydance, Netflix, Comcast, Amazon and Apple – a who’s who of the modern streaming landscape. The disclosure followed public overtures from Paramount, which reportedly was willing to pay as much as $24 per share, or around $60 billion total, for the publicly traded media company. W…

You don’t have to be an avid reader of restaurant industry trade publications—though I can attest that they are oddly fascinating—to realize that everything’s getting more expensive. The good news is that there’s an easy way to counteract those rising menu prices. By purchasing discounted gift cards, you can defray the cost of fast-food, fast-casual, and sit-down chains, and maybe even some other retailers that have nothing to do with stuffing your face. All you need is a place to find authentic, cheap gift cards and a little foresight on when to buy them. This tip originally appeared in the free Cool Tools newsletter from The Intelligence. Get the next issue …

The quality of our decisions defines our legacy as leaders. We make around 35,000 decisions a day and close to 800,000,000 in a lifetime. Not all decisions are equal. Many are default, some are reversible, but the consequential ones leave us with no U-turn. Decision-making is inescapable. So, let’s delve deeper into the anatomy of good decisions. What drives good vs. bad? Our decisions are deeply rooted in our values, competence, courage, and compassion. The psychological context from which decisions flow includes our emotional intelligence, comfort zone, values, moods, needs, decision-making style, and crucially, our self-awareness. Good decisions matter, but what…

Early in my career, I was fortunate to cross paths with a mentor who changed how I saw design—and myself. He ran a small studio whose influence reached far beyond its size. He led with a quiet confidence and quick wit, showing how intelligence and humility could coexist in the creative process. I was passionate about the craft, but there was still so much more to learn about the tools, and about business. He taught me how to infuse storytelling into design. How to navigate constraints. How to bring meaning to every project, not just the ones that sparked instant excitement. He reminded me that creativity thrives on play and curiosity, and that if you lose joy in the proce…

Apple has become the third company to see its market capitalization top $4 trillion, underscoring its role as one of the leading publicly traded tech companies and making it the second most valuable company in the world. Shares of the company briefly topped $269.53 soon after trading began on Tuesday, putting it above the milestone. Apple was the first company to top $1 trillion, $2 trillion, and $3 trillion in market capitalization. But Nvidia beat it to the $4 trillion mark, on the back of surging investor interest in artificial intelligence. That company’s staggering chip sales have boosted its stock more than 400% since October 2023. Apple’s march to $4 trill…

A new internet theory about American politics and society just dropped. From anti-vaxxers to AI slop, everything can be explained by one simple idea: Everyone is twelve now. In September, Bluesky user and musician Patrick Cosmos (@veryimportant.lawyer) posted, “working on a new unified theory of american reality i’m calling ‘everyone is twelve now.'” He continued: “‘I’m strong and I want to have like fifty kids and a farm’ of course you do. You’re twelve. ‘I don’t want to eat vegetables I think steak and French fries is the only meal’ hell yeah homie you’re twelve. ‘Maybe if there’s crime we should just send the army’ bless your heart my twelve year old…

Most climate reports are bleak. Temperatures are soaring. Sea levels are rising. Companies are missing—or abandoning—their emissions targets. But a new report from the nonprofit Energy & Climate Intelligence Unit looks at the surprising amount of progress that’s happened since the Paris climate agreement 10 years ago. Renewable energy has grown faster than every major forecast predicted in 2015. There’s now four times as much solar power as the International Energy Agency expected 10 years ago. Last year alone, the world installed 553 gigawatts of solar power—roughly as much as 100 million U.S. homes use—which is 1,500% more than the IEA had projected. Investo…