Day: May 19, 2021

The Bitcoin Crash of 2021 Compared to Past Sell-Offs


This post is by Niccolo Conte from Visual Capitalist


Bitcoin historical corrections from all time highs

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The Briefing

  • Bitcoin had its latest price correction, pulling back more than 50% from its all-time highs
  • Elon Musk’s tweet announcing Tesla’s suspension of bitcoin purchases accelerated the price drop

Bitcoin’s Latest Crash: Not the First, Not the Last

While bitcoin has been one of the world’s best performing assets over the past 10 years, the cryptocurrency has had its fair share of volatility and price corrections.

Using data from CoinMarketCap, this graphic looks at bitcoin’s historical price corrections from all-time highs.

With bitcoin already down ~15% from its all-time high, Elon Musk’s tweet announcing Tesla would stop accepting bitcoin for purchases helped send the cryptocurrency down more than 50% from the top, dipping into the $30,000 price area.

“Tesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.”
@Elonmusk

Crypto Cycle Top or Bull Run Pullback?

It’s far too early to draw any conclusions from bitcoin’s latest drop despite 30-40% pullbacks (Read more...)

Google AMP is dead


This post is by Om Malik from On my Om


I have been a big opponent of Google’s proprietary web formatting technology, Accelerated Mobile Pages, aka AMP. The company wanted to push AMP by giving preference to sites that used AMP in its ranking algorithm. As part of a change in the search algorithm, starting in June 2021, you won’t get any benefit from using AMP. However, Google will rank fast sites — aka the ones that don’t use auto-playing ads and videos, paywalls, popups, intrusive advertising, and other necessary Internet-turds. Thank god, AMP is dead.

Read article on Plausible

Visualizing the Sustainable ETF Universe


This post is by Dorothy Neufeld from Visual Capitalist


Sustainable ETF Universe

Visualizing the Sustainable ETF Universe

Globally, sustainable exchange-traded fund (ETF) assets hit $150 billion last year, vaulting 25 times higher than in 2015.

Yet despite this growth, sustainable ETFs—baskets of investments that focus on environmental, social and governance issues—account for roughly 5% of the entire ETF universe. What makes up this rapidly growing market? Where are the most common areas for investment?

To answer this question, this infographic from MSCI breaks down the sustainable ETF universe.

Sustainable ETFs: An Overview

By and large, the scope of sustainable ETFs can vary. One sustainable ETF may consist of clean tech companies, and another could focus on sustainable leaders in the S&P 500. Like the broader ETF market, they typically offer low fees.

Overall, the sustainable ETF universe can be broken down into four types of assets.

ETF Asset ClassGlobal Number of ETFsShare of Total
Equity33180.7%
Bond6916.8%
Mixed Assets82.0%
Alternative20.5%

As of Dec. 31, 2020
Source: MSCI LLC ESG Research (Feb, 2021)

Unsurprisingly, the majority of sustainable ETFs are equity ETFs, comprising 81% of the market as of Dec. 31, 2020.

Following equity ETFs are bond ETFs, at nearly 17% of the total universe. One growing subset, known as green bonds, fund environmental projects such as water management and green buildings. Here, debt issuers generate fixed income for investors that target climate objectives.

Meanwhile, there are just eight funds globally, or about 2% of sustainable ETFs, that combine more than one type (Read more...)

Vice President, Marketing and Communications – B Capital Group



POSITION SUMMARY:

The Vice President, Marketing and Communications, will oversee B Capital Group’s Marketing and Communications strategy and manage a global team. (S)he will direct and manage integrated marketing programs that highlight B Capital Group’s differentiated value proposition, global presence, and unique approach to investing, further establishing B Capital Group as a leader and visionary in the industry. This role has broad responsibilities, including:

    • Strategy and content development
    • Messaging and positioning work, and
    • Execution of social media, events, and digital marketing programs

Throughout these efforts, the right candidate can produce valuable, measurable and repeatable marketing experiences that meet the needs of the firm’s global teams. This includes leading the planning and execution of global and region-specific strategies, planning monthly hosted events (primarily virtual), producing content such as thought leadership pieces to playbooks, managing our media relations and external conference strategy, providing counsel to senior- and partner-level stakeholders, prepping spokespeople, and managing agency and vendor relationships. The right candidate has excellent leadership and management skills, a track record of excellence in directing and growing brand presence, and is an excellent communicator with internal and external stakeholders.

DUTIES & RESPONSIBILITIES:

    • Work alongside the investment and platform teams to grow B Capital Group’ profile among key audiences, including founders and entrepreneurs, venture capital firms, G2000 corporations and other influencers.
    • Develop and execute B Capital Group’ multi-channel marketing programs across: content development, public relations, digital and email marketing, podcasts, speaking and events, and social media.
    • Direct and manage the firm’s global brand, ensuring consistency (Read more...)

VP Finance – B Capital Group



POSITION SUMMARY:

The firm is looking for a VP Finance to join the US based team. This is a highly visible position with interactions with the senior leaders of the organization, in addition to working closely with the internal deal teams, third party service providers, limited partners, legal counsel, auditors, vendors and other outside relationships. For an outstanding performer who exceeds expectations, this position offers growth and advancement opportunities.

DUTIES & RESPONSIBILITIES:

  • Senior member of lean internal finance team and thought partner to the senior leadership team
  • Manage early stage product finance activities, including accounting activity and analysis, cash forecasts and budgets
  • Manage local compliance requirements with Cayman Islands Monetary Authority, the SEC and other regulators as they arise
  • Manage quarterly valuation process for early stage investments
  • Manage local tax requirements
  • Collaborates with internal and external accounting teams to ensure timely and accurate financial reporting at the group level
  • Supports development of internal financial controls and their implementation
  • Assist deal teams with local accounting firm or specialist company for financial DD
  • Assist in new fund launches including on-boarding service providers, opening bank accounts, and coordinating with internal and external legal counsel on entity formation and fund documents
  • Assist with annual audit and tax process for fund products
  • Respond to quarterly and ad-hoc investor information requests and coordinate with other business units (investor relations, investment team, business development, etc.) as necessary to complete requests
  • Assist with additional ad hoc projects as needed

DESIRED QUALIFICATIONS:

The Optimal Amount of Hassle



Steven Pressfield wrote for 30 years before publishing The Legend of Bagger Vance. His career leading up to then was bleak, at one point living in a halfway house because it had cheap rent.

He once spoke about the people he met living there:

The people in this halfway house, we used to hang out in the kitchen and talk all night long, were among the smartest people that I ever met and the funniest and the most interesting.

And what I concluded from hanging out with them and from others in a similar situation was that they weren’t crazy at all. They were actually the smart people who had seen through the bullshit. And because of that, they couldn’t function in the world.

They couldn’t hold a job because they just couldn’t take the bullshit, and that was how they wound up in institutions. The greater society thought, “Well these people are absolute rejects. They can’t fit in.” But in fact they were actually the people that really saw through everything.

This may not have been Pressfield’s point, but it reminds of something I’ve long believed.

If you recognize that BS is ubiquitous, then the question is not “How can I avoid all of it?” but, “What is the optimal amount to put up with so I can still function in a messy and imperfect world?”

If your tolerance is zero – if you are allergic to differences in opinion, personal incentives, emotions, inefficiencies, miscommunication and such – (Read more...)

Liquid Instruments raises $13.7M to bring its education-focused 8-in-1 engineering gadget to market



Part of learning to be an engineer is understanding the tools you’ll have to work with — voltmeters, spectrum analyzers, things like that. But why use two, or eight for that matter, where one will do? The Moku:Go combines several commonly used tools into one compact package, saving room on your workbench or classroom while also providing a modern, software-configurable interface. Creator Liquid Instruments has just raised $13.7 million to bring this gadget to students and engineers everywhere.

Students at a table use a Moku Go device to test a circuit board.

Image Credits: Liquid Instruments

The idea behind Moku:Go is largely the same as the company’s previous product, the Moku:Lab. Using a standard input port, a set of FPGA-based tools perform the same kind of breakdowns and analyses of electrical signals as you would get in a larger or analog device. But being digital saves a lot of space that would normally go towards bulky analog components.

The Go takes this miniaturization further than the Lab, doing many of the same tasks at half the weight and with a few useful extra features. It’s intended for use in education or smaller engineering shops where space is at a premium. Combining eight tools into one is a major coup when your bench is also your desk and your file cabinet.

Those eight tools, by the way, are: waveform generator, arbitrary waveform generator, frequency response analyzer, logic analyzer/pattern generator, oscilloscope/voltmeter, PID controller, spectrum analyzer, and data logger. It’s hard to say whether that really adds up to more or less than eight, but it’s (Read more...)

Capital is Sufficient (Part 1)



In a push to wrap up my book The World After Capital to a point where I will make a print copy available, I am finally tackling the appendix one more time. The goal of the appendix is to provide more data to show that physical capital is no longer humanity’s binding constraint. Or in the language of the book, the goal is to show that physical capital is sufficient.

The plan of attack is as follows. I will first be pulling together some general data on global physical capital (this is today’s post). I will then use some data from World War II to show what can be accomplished when there is a decision to redirect physical capital towards fighting a specific crisis. Finally I plan to examine the sufficiency of capital with respect to our human needs.

It turns out to be surprisingly difficult to find global data on physical capital. The best source I have been able to locate is the World Bank, which publishes a data series on gross capital formation. Unfortunately the data here reaches back only to 1970 but it still shows an increase from roughly $5 trillion to $22 trillion in 2019 (this is measured on constant 2010 dollars, i.e. adjusted for inflation).

image

For triangulation it is worth considering the output of some things that require productive capacity. Put differently we can infer the availability of physical capital through outputs. To that end, I was able to find the following (Read more...)

Visualizing the Importance of Fire Safety in High-rise Buildings



The following content is sponsored by the North American Modern Building Alliance.

Fire Safety in High-rise Buildings

More than half of the world’s population now lives in urban areas. As a result, tall buildings, which can host a large number of occupants, have become a common feature in modern cities.

Over the last two decades, the global number of buildings taller than 656 feet (200 meters) has increased by 567%, up from 260 in 2000 to 1,733 in 2020. Considering the towering increase of skyscrapers globally, the safety of the people that occupy them is more crucial than ever.

The above infographic from the North American Modern Building Alliance (NAMBA) highlights the need for fire safety in high-rise buildings and shows how the U.S. is leading the way for facade fire testing and safety regulations.

The Importance of Building Fire Safety

With more tall buildings filling the sky, the number of high-rise fires has also risen.

Fire safety is a critical feature of any building, especially for high-rises in densely populated urban areas, for two key reasons:

  • Higher number of occupants can slow down evacuation times in the event of a fire
  • Fires can spread faster vertically and in smaller spaces

Fires are most dangerous when they cannot be contained, and the structural components of a building play a critical role in limiting the spread of a fire—including its exterior shell, known as the facade.

What is a Facade?

As an integral part of a building’s exterior, the (Read more...)

Netlify snags YC alum FeaturePeek to add design review capabilities



Netlify, the startup that’s bringing a micro services approach to building websites, announced today that it has acquired YC alum FeaturePeek. The two companies did not share the purchase price.

With FeaturePeek, the company gets a major upgrade in its design review capability. While Netlify has had a previewing capability called Deploy Previews in the platform since 2016, it lacked a good way for reviewers to discuss and comment on the design. The preview alone was useful as far as it goes, but having the ability to collaborate on the design remained a missing piece until today.

With FeaturePeek, the company can expand on Deploy Previews to not only preview the design, but also enable all the stakeholders in the design process to add their opinions, edits and changes as the design moves through the creation process instead of having to wait until the end or gather the comments in a separate document or communications channel.

As FeaturePeek co-founder Eric Silverman told me at the time of their seed funding last year, his product removed a lot of frustration when the web coders would get all their review comments at the last minute:

“Right now, there’s no dedicated place to give feedback on that new work until it hits their staging environment, and so we’ll spin up ad hoc deployment previews, either on commit or on pull requests and those fully running environments can be shared with the team. On top of that, we have our overlay (Read more...)