medium.com
Bill and Melinda Gates make the case for investment in global development and vaccines
Bill and Melinda Gates released their traditional annual public letter, styled as a report to Warren Buffett.
By Melvin Sanicas

Bill and Melinda Gates released their annual letter, styled as a report to Warren Buffett on his investment of over $30 billion in their work. Bill and Melinda emphasize the value of global development and stress the importance of vaccines — which they call one of the best deals in global health.

2

An Amazon engineer gave random people on Twitch $50K to invest — and this is what happened

  • A long-standing rule for preserving one’s sanity on the internet is to never, ever read the comments section.
  • Amazon engineer Mike Roberts had a different idea: What if he let the comments section pick his investment portfolio?
  • After six months of tinkering, he has now released his invention: Stock Stream, which Roberts is billing as “the world’s first multiplayer stock market game that uses real money.”
  • As of last week, anyone with an account on the game-streaming site Twitch could log-in and help allocate $50,000 of Roberts’ money by typing stock symbols into the Stock Stream’s comment section.
  • Roberts says he got the idea from watching Twitch users collaborate on games like Pokemon.
  • As more and more Twitch-ers started using the platform to crowdsource ideas, Roberts got the idea to see how that crowdsourcing might be used for more practical activities, like choosing what stocks to invest in. Read more (6/5/17)
follow @the-future-now
5

Uber is a mess — the “bad boy” ethos shattered, a nervous breakdown in its place. This week, the CEO announced he is taking a sudden leave of absence. A former U.S. attorney general released a brutal audit of the startup’s culture. It’s a terrifying moment for many investors who want that $70 billion unicorn to make them rich or richer — not implode.

But there is one Uber investor who stands out for how she decided to speak up. It was not very Silicon Valley-like of her, but Freada Kapor Klein wanted to turn the crisis into a teachable moment. And while this week’s events could lead her to say “I told you so,” she has a different takeaway.

Let’s rewind a few months. Kapor Klein decided to write an open letter to Uber — which she published with her husband — after a young woman shared an explosive account of sexual harassment at Uber headquarters.

Kapor Klein is a venture capitalist, or a VC. That means she makes money by betting on technology startups. Uber is one of those startups. She has committed to “impact investment” — businesses that can turn a profit while also making the world a better place. For too many years, she says, critics would question her on Uber, and she stayed silent. She tried to influence the company from the inside, though she didn’t see a real will among leadership to change. While “Silicon Valley prides itself on pattern recognition,” the letter said, Uber had “toxic patterns” that needed to stop.

Kapor Klein thought she was just saying what insiders knew: This is not a one-off. Turns out, her peers didn’t like that and wanted her to pay for it.

The Investor Who Took On Uber, And Silicon Valley

Photos: Talia Herman for NPR

10 Steps To Millennial Financial Success

If you’re a millennial who is struggling financially, the following tips can help put you on the right track toward a successful financial future:

1) Make income your priority.

2) Have a plan for the future and take it for a test run.

3) Making some sacrifices to keep your biggest bills as low as possible.

4) Create a strategy for your student loans.

5) Prioritize your interest rates.

6) Invest in your future.

7) Take advantage of perks such as 401(k) match programs, health savings accounts and commuter benefits.

8) Invest in one or two stocks of companies that offer products or services that you think will still be important 20 years from now.

9) Find a mentor.

10) Network online and in person.