With rumors and news abuzz about its upcoming IPO, Chinese cryptocurrency mining chip firm Bitmain has been thrust into the spotlight in recent months. Jihan Wu, Bitmain’s cofounder and co-CEO, has gotten most of the media coverage, largely because of his prominent online social presence.
Ma Huateng, the cofounder and CEO of Chinese internet goliath Tencent, saw his net worth fall $1.3 billion on Wednesday after Tencent announced a rare decline in net income for the second quarter. The company still reported a profit—but it was lower than the previous quarter and lower than analysts’ estimates. Ongoing troubles have slowed the growth in Tencent’s gaming revenues.
It’s quite old news by now that the journalism industry is in dire straits. Media outlets have been struggling to find a sustainable business model since the shift from traditional news. Trust in media is at an all time low, given the relentless attacks from the president, the alleged rise of “fake news,” and even the failures in ensuring safe workplace environments. As Matthew Ingram of the Columbia Journalism Review tweeted, “Winter is here for digital media.”
Despite being the largest minority group in major U.S. law firms, Asian-Americans are still underrepresented on the partner level, with the lowest ratio of partners to associates among all minority groups. Many Asian-Americans report experiencing “inadequate access to mentors and contacts” and “implicit bias and stereotyped perceptions” as obstacles to their careers, according to a 2017 study published by the National Asian Pacific American Bar Association and Yale Law School.
A current partner at Jenner & Block with over two decades of experience at the firm, Tony Ling has succeeded in overcoming these obstacles. He is also a member of the firm’s diversity inclusion committee as well as the founder of the Asian Forum, a group for Asian lawyers within the firm.
With The Garage, it’s easier than ever for Northwestern students to attempt their own entrepreneurial endeavors. But for those who are actually serious about their startup, there is one crucial component that cannot be divorced from business: the legal aspect. It may not be the most fascinating aspect, but one that is nonetheless relevant. Knowing these crucial bits of information may save you from an immense amount of pain in the future and allow you to focus on what you’re genuinely interested in — your startup — when you are not entangled in legal matters. This series aims to help clarify the nebulous and complex process of navigating legal matters for college entrepreneurs who hope to go further with their startup.
With a third of the nation’s venture capital funding being funneled into the region and thousands of startups calling it home, Silicon Valley has caused countries around the world scrambling to reproduce the hub’s culture for their own. Today, France, a country that has long attracted intellectual innovators, hopes to do the same. Emmanuel Macron, its current president, has called for France to “be a startup nation.”
What does the word “startup” mean to you? When the word entrepreneurship is mentioned, the lofty, high-growth startups and culture of Silicon Valley often come to mind . The most prominent stereotype is of the venture-backed tech companies that focus on scaling rapidly, increasing users, and are not generating “real” revenue.
Three of Northwestern’s startup organizations, EPIC, Zcruit and EatPakd, won Entrepreneurship Club of the Year and Outstanding Student Startups of the Year at the first annual EntrepreneurshipU Awards last Tuesday. Hosted at the Illinois Institute of Technology in Chicago, the awards were designed to “celebrate the spirit of entrepreneurship and innovation at Chicagoland universities."
Unbeknownst to the majority of people outside the agricultural industry, one in nine piglets will die from being crushed by its own mother. In 2015, these kinds of incidents led to 116 million piglet deaths, costing the pork industry an astonishing $8.9 billion.
When it comes to launching a startup in college, Northwestern sophomore Daniel Knight understands the struggle, having just launched his own app, Turnout, in September 2016. It's been tough.