This Week in Startups SBF buys 7.6% $HOOD stake, SoftBank’s $13B loss, Twitter exec layoffs & deal update + Nicole Ruiz from Compound VC | E1459
May 14, 2022
Nicole Ruiz, an investor at Compound VC, shares her untraditional journey into venture capital, highlighting the importance of research-driven investment. She discusses the recent trends in healthcare technology and the strategic investment in Pear Bio, a company tackling cancer progression. The conversation dives into the emotional resilience required after financial setbacks and the evolving landscape of venture capital, particularly how younger investors are reshaping the field with diverse backgrounds.
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SBF's Robinhood Investment
- Sam Bankman-Fried (SBF) bought 7% of Robinhood, likely an opportunistic buy.
- He understands markets, sees Robinhood's low enterprise value, and recognizes a bargain.
SoftBank's Record Loss
- SoftBank had the largest loss in its history, exceeding $13 billion.
- This caused Masayoshi Son's net worth to drop by $25 billion, two-thirds of his total.
Financial Advice and Resilience
- Secure your foundation with a home and savings before making risky investments.
- View setbacks as learning experiences and opportunities for future success.