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Finance Latest News: Paul Graham's Prescription For VCs: Move Fast, Take Less Equity

Wochit 1:23 mins

At the 500 Startups PreMoney Conference last week, Y Combinator's Paul Graham gave a presentation in which he suggested a new way for Series A investments to get done. Graham provided a few suggestions for innovative early stage investors to differentiate themselves. It basically comes down to: move fast, and provide more favorable terms to startups looking to raise money. He's here! Jessica Simpson and fiance Eric Johnson are the proud parents of a baby boy. Ace Knute (pronounced Ka-nute) Johnson has arrived! Mom and baby are doing great," Jessica's rep said in a statement to Us Weekly. "Jessica, Eric and Maxwell are thrilled to welcome the new addition to their family." Investors in David Einhorn's Greenlight Capital Management's offshore gold fund were down 11.8 percent in June, bringing their year-to-date losses in the fund to 20 percent, two sources close to the matter said. Einhorn, one of the most widely followed hedge fund managers and known for warning about Lehman Brothers' precarious finances before it collapsed, has also seen his flagship $8 billion Greenlight Capital fund under recent pressure though it is still up for the year.

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