Mike Baur is a businessman and a successful entrepreneur. He heads the Swiss Startup Factory, a company that is designed to help out people who are looking to start their own successful businesses. He says that there are a number of rules that he thinks are crucial if you want to achieve long lasting success.
The first rule is that you need to build trust. Building trust is essential for every business. If you can not build trust, people will be in no hurry to give over their hard earned money for your service. At that point, it will not matter how many cool slogans you are using for your marketing campaigns. All that will matter is whether your customers trust you enough to give you their money in return for their services.
Next, you have to be fearless. People who are afraid will not get anywhere in life. The reality is that many people do not get ahead in life because they are afraid of doing so. They may want to be successful, but they are afraid of trying out new things. They are afraid of doing the things that are necessary in order to be successful. They think that if they do the things that they need to do, they might not succeed. They do not want to fail. The reality is that you can not be afraid to fail. You have to change your mindset so that you look at failure in an entirely different light. Failure is not something that should be avoided. Every successful person knows that. Failure is something that you should embrace. You should erase the word failure from your dictionary. Instead, you should replace it with the word learning opportunity. That is what failures really are. They are opportunities for growth. They let you find out what does not work so that you can do what does work the next time around. There is no way to avoid failure in life. Nobody ever went through life without failing once. If that is your mentality, you will quit as soon as you see the first signs of failure. That is a horrible idea, and it is very sad because people do quit for no reason at all other than they feel bad about failing. That is why you should be happy if you fail so that you try again.
There is a biotech company on the market that has recently made claims of a new breakthrough drug that can fight cystic fibrosis for patients by improving lung performance drastically. However, Kerrisdale Capital has researched and reviewed these statement by Proteostasis and has found that they are most likely a load of hooey. This market has largely been dominated by Vertex for many years, and Sahm Adrangi suspects this new drug is more of a chemical cocktail that has no real results behind it.
The trial done by proteostasis one consisted of four patients and after some diffing, Kerrisdale found that the increase in performance that this biotech company is claiming their drug provides is actually because of a slight drop in performance among the placebo group. This gap in percentages is most likely due to poor testing procedure says Kerrisdale Capital.
One of the most important questions that Sahm Adrangi poses is what will happen to the company should their drug not be successful like they claim it to be? Currently, the value of the company is mostly derived from their product, which means they stand to drop in share value by upwards of 90 percent should this drug prove worthless. This lets Sahm believe that Proteostasis is willing to fabricate their data and push out a drug cocktail in order to profit or at least maintain their company value.
Sahm Adrangi is hardly wrong with his reports and he always digs deep in order to find the most accurate data when he puts the word out about a company, whether good or bad. This is why so many people follow the words of Sahm Adrangi. The fall in Proteostasis share value after Kerrisdale’s report came out is a testament to this fact. After Kerrisdale took the short position on Proteostasis, the biotech companies share values have dropped upwards of 20 percent, causing them to sell over nine million shares to maintain their funds.
Peter Briger is president and co-chairman of Fortress Investment Group, A New York City based investment firm originally founded in the late 1990s. His main focus is on the credit and real estate operations, along with serving on the board of directors for Spearhead LLC and Caliber Schools. Other duties include serving on the advisory board of the Hospital of Special Surgery and as a director of Tipping Point and a Princeton University investment company. Prior to his employment with Fortress, Briger spent fifteen years with Goldman Sachs where he headed multiple departments, involving both domestic and international clientele. He received his M.B.A from the Wharton School of Business-Pennsylvania University and a Bachelor’s Degree in Business Administration from Princeton University.
As of December 2017, Briger has been serving as the co-chief executive officer for Fortress Investment Group, fifteen years after starting with the company in 2002.Peter Briger’s net worth has afforded him the opportunity to pursue endeavors that are important to him. The Peter and Devon Briger Foundation is a charitable organization located in New York City that provides grants and operational funding to other organizations in need. He is also highly active in providing educational support to communities in need that suffer from poverty and other social issues. Much of his work with Fortress involves advising investors on how to help other countries in financial need acquire capital. These business principles apply to the struggling communities as Briger uses the targeting of demographics to successful craft an informational agenda to present.
Briger has also invested hundreds of millions of dollars in the preservation and maintenance of New York City’s Central Park, another community project that is close to his heart.A man for the community as well as company, Briger is the epitome of a successful businessman who remains humble and engages with the society that he lives in. His knowledge and experience has propelled him to be on the Forbes List of billionaires in 2008 acquiring rank #962, with over one billion dollars in assets at that time. Few people come along with the abilities of Peter Briger but his actions represent the absolute best of what we as the human species can aspire to become. Most of us will ever amass the amount of financial assets as him. If we stay true to ourselves and look out for our fellow men and women, we can all achieve the kind of success Peter Briger enjoys on a daily basis.
Jed McCaleb has been a forerunner on digital innovation since his career began. He is the founder of eDonkey2000, Overnet and Mt Gox. In 2014 he began a new venture called Stellar Development Foundation. The company was cofounded by Joyce Kim and himself.
Stellar Development Foundation
Jed McCaleb began his newest venture in 2014 along side Joyce Kim. The duo named the company Steller Development Foundation and would focus on providing services to low and middle income households that was previously believed only available to the very wealthy. The company’s primary audience are those it has dubbed “the unbanked.” Stellar targets the unbanked and offers them services that most of them didn’t even know about. Stellar provides low-income individuals and house-holds with a way to get sound financial advice.
Stellar accomplishes this goal by utilizing cryptocurrencies and by linking several institutions together. By becoming the middle man, much like his business structuve for Mt. Gov, the company is able to arrange for insitutions to offer the same great service it offers to the wealthy to the poor and middle class. The specifics of his business model consists of seamlessly exchanging currencies between different parties without the need for expensive fees.
Jed McCaleb, along side with Sam Yagan, founded eDonkey2000 in the year 2000. The company revolutionized peer to peer file sharing by implementing a technology that allowed users to download the source from multiple other users at once. This type of technology has taken over the peer to peer file sharing world; the technology is now the industry standard in methodology for how its users share files with torrent platforms.
In 2006, Jed McCaleb discovered that the Magic: The Gathering Online community was lacking a vital service, so he created it. Mt. Gox began as a trading platform for the players of the online card game to trade cards with one another as if they were stocks. The name Mt. Gox was originally named as a shortening of “Magic: The Gathering Oline eXchange.
With so many notable and inventive business ventures all of us are left wondering: What will Jed McCaleb do next?
Siteline cabinetry is a competitive brand specializing in cabinet construction. It was established in in 1973 and has grown ever since. It is a solution for home designers and remodelers. This is because it produces cabinets of different design style fitting designer’s specification. Siteline customizes its products according to client specification. To maintain a stable relationship with its customers it concentrates on affordable pricing, durability and quality production.
The design of cabinets produced vary in style. These style range from tradition to modern. It also gives alternatives to finishing and material choice.Siteline offers freedom to transform your space to your needs. It does not also limit you to size and color of your desire. In addition, clients have the freedom to choose over their preferred cabinetry door styles. These doors are built mainly of aluminum and alder. However, other materials exist including red oak, walnut, cherry, and acrylics.
The brand also offers specialized storage accessories. Therefore, clients can order custom-made drawers to hold utensils, vegetables, pans and other supplies.
Siteline cabinetry produces its products using modern technology. Its quality production is aided by modern equipment and computerized design system. This ensures safety and durability of its products. The brand also undertakes training programs for its workers. This is to make sure they consistently produce fast and merchandise of unquestionable quality. The company is also strategically situated in Virginia. This makes distribution easier to major cities such as Chicago, New York, Newark, and Madison.
Siteline supplies its products through authorized dealers. This is done exclusively for businesses with a design specialization. These resellers then help people in customization of the products to their desire. Such authorized dealers by siteline cabinetry are Luxcraft Cabinets situated in New Jersey. It offers kitchen and baths design.
The products of this brand create an aesthetic appeal to your home. Every design stands out as it is done to your specification and color. Therefore, Siteline provides a solution to any storage and cabinetry design in accordance to any buyer’s preference.
Mike Baur is one of the founders of one of the world’s top business accelerators, the Swiss Startup Factory and he and CEO Max Meister announced a new member on the executive board; Chief Marketing Officer Antonio Gasser. The SSUF board asked Gasser to join them because he has many accomplishments in media and public relations including at one time running his own radio show and later founding the Swiss Startup Media GmbH. Baur and Meister commended Gasser for his knowledge of corporations that the SSUF seeks to partner with, and his expertise in organizing media events. The SSUF has been in operation since 2014 and has connected investors to proven startups and entrepreneurs, and through a 3-month program has given those companies a foundation to launch from.
Mike Baur went into startup investing because his longtime banking career was no longer as rewarding as it was earlier on. Baur was once told as a young apprentice at UBS Bank that he just needed to follow certain steps to earn promotions and he would reach wealth and retirement as planned. He was often commended by his superiors for his acumen in finances and investing, and some of Switzerland’s wealthiest investors trusted him with their accounts. Baur may have joined the executive board of UBS eventually, but the bank had to scale back operations dramatically when the 2008 financial crisis reached within Switzerland’s borders. He left UBS and managed the credit division of Clariden Leu bank for a few years, but then quit altogether in 2014.
Why did Mike Baur specifically decide to go into startup investing? He was noticing that a lot of young people in Switzerland were joining the tech revolution and buying into disruptive companies like Uber. He knew these young people had ideas and the skeleton resources for their startups, but they lacked the funding to make them happen. With banking no longer on the rise, Baur began partnering with investors and started a program by which he encouraged them to invest in these startups, but would also make sure they were vetted and tested to be sure the ROI would be high. For entrepreneurs, the SSUF provides sessions of mentoring and training as part of a 3-month accelerator program run twice a year. Entrepreneurs become part of the investor network and if they can pass the 3-month intense training sessions, they can get office space with equipment and support to run their business.
Paul Mampillly released a teaser pitch for its new Profits Unlimited newsletter. The newsletter will cover important news within the healthcare industry. For a yearly subscription fee of $97, readers will have the chance to get interesting and vital news on important and historical medical breakthroughs such as precision medicine. The pitch talks about precision medicine and what it can be able to do for humanity. Precision medicine involves studying of DNA and tailoring medicine to suit the patient’s needs. He talks of Myriad Genetics, a diagnostics and personalized medicine firm that specializes in cancer and non-cancer testing programs to help people who may be at risk of getting cancer.
The company in question gets its revenue mainly through hereditary cancer screening, especially for colon and breast cancer. Through their tests, they identify the risk factors such as mutations that a person may have that may contribute to the risk of getting cancer. The company has performed well especially because more people are ordering for cancer tests, especially breast cancer tests, increasingly. Additionally, Myriad has a monopoly over other companies because they have been on the market for a few years. Hence they have a library of data on the mutations and variants of cancer.
The success of Myriad Genetics cannot be completely pegged on finances as their revenues have flattened out in the past four years and analysts expect the company’s earnings to drop. Their testing products are successful,and they are becoming foundational I the field over time. The company also has various growth prospects as they hope to diversify into new segments such as Vectra DA test and GeneSight test.
About Paul Mampillly
With up to 25 years of experience in investment Paul Mampilly is a trusted voice in his field. He has ventured into healthcare and biotechnology, which gives him an edge when it comes to issues such as precision medicine. He is also the founder of Capuchin Consulting. He got his MBA from Fordham University after which he got a job with Bankers Trust as an assistant portfolio manager.
Paul Mampilly later managed to work with ING and Deutsche Bank, adding on to his experience. He was further taken in by big corporations. Later, with Kinetics Asset Management, he managed to develop the hedge fund and grew the assets of Kinetics to $25 billion. He still graces the streets of the finance world but on a smaller scale as he helps common people make money and works as a research and investment analyst.
About Paul Mampillly: dailyreckoning.com/author/pmampilly/
Jorge Moll earned his degree in Medicine from the Federal University of Rio de Janeiro in 1994 in addition to completing his medical residency in Neurology. After obtaining a Ph.D. in Experimental Pathophysiology at Sao Paulo University, he became the head of the D’Or Institute of Research and Education (IDOR) and the Cognitive and Behavioral Neuroscience Unit (CBNU) located in Rio de Janeiro (Scholar.Google).
The Gift of Giving
Jason Marsh and Jill Suttie offer commentary on why gift giving can be beneficial. The act of giving strengthens their health and happiness in addition to the community around them.
Jorge Moll and several of his colleagues at the National Institute of Health conducted a research study in 2006 to determine the positive effects of gift giving. They discovered that when individuals donate to charities or hand out gifts, regions of their brain associated with pleasure, social connection and trust begin to open. “Helper’s high,” an emotional feeling triggered by endorphins being released in the brain, creates this altruistic behavior. This biological finding adds more depth to the following research study on the benefits of giving.
Other major advantages include
- Major Health Benefits: The odds of health diseases such as chronic illness, HIV, and multiple sclerosis are greatly reduced
- Increased cooperation and social connection: As suggested by Robb Willer, giving to others increase the likelihood of being rewarded in the future, regardless if the person is the recipient or someone else. The exchange also promotes trust and cooperation that increases our ties to others.
- Giving evokes gratitude
- Domino Effect: Once an act of kindness or giving is apparent in a community, it motivates more members to follow the same trend or action.
More about Jorge Moll at http://moll-lab.org/our-team/jorge-moll
Louis R. Chênevert has had an illustrious career. This Canadian businessman has served in various positions of leadership with remarkable achievements. He’s moved from General Motors to Pratt & Whitney in 1993 and to serving in various roles in United Technologies Corporation (UTC) from 2006. At UTC, he’s served as the Director, President & Chief Executive Officer (CEO) and later became the Chairman & CEO in January 2010.
He achieved a whole lot while at UTC. His legacy at UTC rests firmly on the ability of UTC during his time to bring together the interests of customers, shareholders, and stakeholders in such a way that allowed them to remain at the top during the recession.
Some manufacturers have worked hard to salvage the manufacturing sector after losing a lot of steam after the war in America. To understand the depth of the slide, statistics showed that contribution by the manufacturing sector to the GDP has dropped by about 50% over the years. One of the companies still making huge strides in the manufacturing sector is United Technologies Corporation (UTC), worth about $63 billion.
The role Chênevert’s has played in writing the remarkable history of the company is by raising the bar and maintaining that position as a market leader when it comes to innovation in the building space and aerospace. He achieved this feat without the need to leave the birthplace of the company at Hartford, Connecticut or paying unfair wages to workers, and importantly, meeting major environmental standards and fulfilling its corporate social responsibilities.
Chênevert began his career by earning a bachelor of commerce in Production Management from École des Hautes Etudes Commerciales (HEC), which is an affiliate of the Business School of the University of Montréal. He serves as Chairman of the International Advisory Board of HEC Montreal and also doubles as the Chairman of the Board of Directors in Friends of HEC Montreal. This shows is a commitment to give back to the educational community.
Chênevert has an honorary doctorate from HEC Montréal. He was also named Person of the Year in 2011 by the Aviation Week & Space Technology, due to his major contributions to the success of the aviation industry.
Antony Petrello was born in Newark in New Jersey an area known for its strong culture and honor, to a humble family. Tony attended public primary school, he mastered calculus and exhibited mathematical intelligence at an early age. While in high school due to his math abilities the University of Yale noticed him and awarded him a scholarship. While at Yale he received his bachelor and masters degree in mathematics with a bias towards linear algebra and calculus. While in university he had the opportunity to assist the theorist Serge Lang in his number theory and he showed a level of brilliance that his most of his classmates could not comprehend.
After completing his university at Yale, Tony has a change of mind; he enrolled in Harvard Law School a surprise to many given his maths ability. Tony began his career at Baker and Mackenzie an American law firm. While there he specialized in business law mainly taxation and arbitration. In 1986 Tony became a managing partner in Baker and Mackenzie in the firms New York division. While at Baker he worked for a client Nabors Industries. The managers at Nabors were impressed by his analytical skills, and after much lobbying, the managers hired Tony as their business Executive. In 1991 Tony began serving as the chief operating officer, later the same year he was elected to serve on the board of directors and executive committee. Nabors Industries is a company founded in 1968, is a natural oil, geothermal contractor operating in America, Middle East, Far East and Africa.it also performs onshore oil servicing and provides rigs for offshore oil platform.
In 1992 Petrello became Nabors industry President and in steered the company towards tremendous growth and achievements. In 2011 he became the CEO of Nabors and dring has reign his leadership was considered top Notch in an industry where there is a high level of competition. He is very good at day to day management as well as long-term strategic vision. In addition to serving at Nabors, he also the director of mediaonDemand.com, Hilcorp Energy Corp and Stewart and Stevenson where he has served since 2011.In 2014 and 2014 Tony was one of the most compensated CEO in the US.
Petrello has not been left behind regarding family and is married to his college sweetheart Cynthia Petrello. They have a daughter named Caren who was born with Cerebral Palsy. Carena couldn’t eat solid foods until she was seven. Carena’s condition prompted the Petrellos to look for solutions to the illness. Tony has given to Texas children hospital and has also taken a seat on the board of trustees. The hospital has constructed a Neurological, pediatric care which treats children from across the globe.
To know more visit @: www.wsj.com/articles/SB10001424127887324392804578358772612205556