Proprietary comp report by Overheard on Wall Street.
Harvard's endowment got rekt by private equity and hedge funds, but private equity professionals expect double-digit raises in 2024.
Private equity and venture capital firms from Silicon Valley to Wall Street are pumping millions of dollars into the psychedelic revolution. Investors are betting on the power of mind-bending drugs to transform mental health treatment and cut costs.
Plus: Trump and Elon's bromance goes nuclear, TSLA got rekt, Circle rose 168% in blockbuster IPO, Silver’s catching gold’s rally, and a VC is offsetting Trump's research cuts.
Plus: America's 560k new millionaires, JPMorgan will let clients borrow against crypto, and Thoma Bravo raises a massive $34.4B across three funds.
Plus: Nvidia reclaims world's most valuable company, PE's backlog nears 30,000 unsold companies, Wells Fargo allowed to grow again after scandal, and Temu down bad.
Plus: Subway-owner buys Dave's Hot Chicken for $1B, Equinox and SoulCycle sued for making it hard to cancel memberships, and are AI data centers the next bubble?
Plus: S&P 500 posts best month since 2023, 78% companies beat earnings, Zuck's made $1B in Meta dividends, and Jamie Dimon is sounding the alarm on the bond market.
Goldman Sachs Research expects gold prices to be propelled by multi-year demand from central banks.
Thank you for 500K on Instagram and 1M+ across all platforms.
Plus: Trump and Powell finally meet, Grammarly raised $1B from General Catalyst, Victoria's secret goes dark after security breach, and Apollo partners with major U.S. banks.
Plus: Nvidia beats earnings (yawn), stock pops 5%, Trump’s reciprocal tariffs get blocked, Elon exits the White House, and Hailey Bieber lands a unicorn exit.
Plus: PE fundraising plunges 35%, Citadel Securities profits jump 70%, McKinsey cut more than 10% of its staff, and Salesforce bought Informatica for $8 billion
Plus: Crypto is burning the haters, RedBird buys The Telegraph, Jamie Dimon keeps slamming remote work, Alex Karp sells PLTR stock, and Booz Allen cuts 2.5K jobs.
We’ve barely scratched the surface of the total opportunity in robotics.
