Nick

It’s clear that franchise T20 leagues are the future of cricket.

Over ten years, it has estimated costs at USD 56 million and revenue at USD 119 million, which will leave the board with a profit of USD 63 million, which is a lot more money than it makes from bilateral cricket. And that's only the benefit to CSA. From its first year, the league will pay players bumper salaries in US dollars, which dwarf the Rand ... See more

But while the idea that ‘good ideas will keep getting funded’ is a fixture of start-up chatter right now, it also sounds like a silent admission that venture capitalists have spent the last few years funding a whole swag of dubious ideas.

Sure, macroeconomic conditions change and the cost of capital underpins everything loss-making, high growth start-ups are valued on. It just feels a bit tough on founders like Teo, who now had to fire 44 people to fit a growth profile that, until two months ago, was likely the apple of her VC investor’s eye.

We already know from the work by Yale’s Nicholas Christakis and others that behaviour happens in friend networks. If people in your friend network quit smoking, then you’re more likely to quit smoking. If your friend gains weight, you are more likely to gain weight. Heck, if one of your friend’s friends – who lives far away and who you have never m... See more

Suddenly, everyone in start-ups is getting fired. The tech industry has gone from $100 million capital raises by the bucketload to laying off slabs of staff.

Moreover, Wish's shopping experience is unique. It's a mobile first shopping experience and not a replication on mobile of web based marketplaces that are mainly driven by search query. Wish has centered the experience around discovery with a personalized feed of products that you can scroll infinitely and gamified features.