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This Week’s Best Reading
Uber’s New BHAG
“Big Hairy Audacious Goal.” Yup, that’s Uber’s new corporate rallying cry. As it turns out, it’s a simple – but tough to implement – idea. Check it out here.
Tales From Bubble-Land: A $600 Million Valuation??
This start-up is hatching plans to launch an e-commerce business. It doesn’t even have a website yet – and it’s already worth $600 million. What is going on here?
Why Valuations for Private, Late-Stage Companies Are Skyrocketing
More venture-backed companies are earning quick and extreme increases in valuation. Glenn Solomon of GGV Capital thinks it’s because of a specific type of fear among venture capitalists. See what it is here.
The Next Hot Sector for Start-Ups
Over the years, without changing the way it operates, a particular area of the economy has created vast wealth. But now, a host of tech start-ups are pouring into the sector – and they’re giving it a much-needed kick in the butt. Check out what might be the next hot investment area.
Bitcoin Crash (Part 2) Coming?
Angel investor William Mougayar is seeing warning signs of another Bitcoin crash. But, this time, the crash won’t be about the currency’s price. Something more ominous is in store. Read more here.
The Rising Costs Of Scaling A Start-Up
Everyone talks about how inexpensive it is to launch a start-up nowadays. Meanwhile, the cost of running a start-up has doubled since 2009. Tomasz Tunguz of Redpoint Ventures explains why this isn’t bad news.