Sequoia Capital has brought aboard Jess Lee as its eleventh investing partner in the U.S., becoming the firm’s first senior female U.S. investor in its 44-year-old history. Lee was a former Google product manager turned CEO of the fashion site Polyvore, which was acquired for $230 million in cash by Yahoo last year. She had stayed on with Yahoo, which is now being sold, maybe, to Verizon, the parent company of TechCrunch. Lee seemed to demonstrate a strong eye for startups long ago. Indeed, in 2008, as an avid user of Polyvore, which was then just months old, Lee wrote to its founder, Pasha Sadri, with whom she shared mutual friends. After offering him her unsolicited feedback via email about
Mirror, mirror on the wall, which asset is most mispriced of all? According to a Goldman Sachs alum who predicted the financial crisis in 2008, it’s gold. The precious metal should be a lot more expensive when the likelihood of a global financial collapse and a move toward negative interest rates is accounted for, says Global Macro Investor founder Raoul Pal, who now sees a U.S. recession within 12 months. Recent losses for gold may have dented investor confidence. Gold GCZ6, -0.10% is up 18% this year, but the first full week of October marked its worst seven-day performance in over three years; it also posted a three-month loss of nearly 6% on a continuous basis. Uncertainty about Brexit and
- financeNicole Sinclair•8 days ago
Many Wall Street analysts point to the expensive market—especially amid uncertain times—as a key reason for downside ahead.