Really great article below from Forbes which details how Nor Cal DJ Steve Streit basically invented the prepaid credit card business. Streit started the business 10 years ago and his 14% ownership of the company is now valued at close to $270 million (in 2003 Sequoia Capital invested 6 million and now holds 35% of the company).
Check out the article HERE.
Also, below Streit is interviewed by Tech Crunch in which he discusses how his meeting with Sequoia came to be.
Entertaining profile video below on Elon Musk, which delves into the intricacies of his amazing business endeavors and examines his risk taking.
Wanted to share a great video biography piece on Dave Thomas of Wendy’s which aired recently on CNBC. I couldn’t find the full video online yet but have added the short bio below: Interesting to see Dave learned the ropes from none other than Colonel Sanders of KFC If you can catch the full CNBC [...]
Entrepreneur Magazine just recently posted their list of Franchises for under 50K catergorized by industry. Take a look HERE.
NBA Basketball season is right around the corner and Russian billionaire Mikhail Prokhorov, the new owner of the New Jersey Nets, has much to prove with his new franchise. Prokhorov however is a veteran in turning struggling franchises into winners. Below is a fantastic video from 60 Minutes profiling Prokhorov’s extraordinary lifestyle and previous struggles [...]
Wanted to share this very interesting article from MSN MONEY. It highlights the entry level positions that some of the wealthiest and most influential people had at the beginning of their careers. Interesting to notice that Buffett took a tax deduction during his teens on his bicycle for running his newspaper delivery business. Also, Bloomberg [...]
With stocks plummeting due to the AA+ rating, there are a lot of tasty cheap stocks out there. I am personally tracking WFC, BP, AFL and to a lesser extent ECA and JMBA. With many undervalued stocks, I wanted to see which investors (including Buffett) would be most likely to capitalize on this current market [...]
