Sublime
An inspiration engine for ideas
8. Global 2000 company IT needs.
Elad Gil • Products I Wish Existed, 2020 Edition
Permissionless Capital, Global Consensus and New Markets
zeeprime.capital
GLG can be viewed as a "tax" on the global knowledge economy. S-1 numbers are fascinating:
- 21k network members
- $520k annual contract value
- $290mm in recurring revs (as of 6/30/21)
- 102%+ "wallet retention" (completed one project in 90 days)
https://sec.gov/Archives/edgar/data/0001661123/000119312521301055/d161028ds1.htm... See more
Yet in the US$32 billion industry for financial data, Bloomberg is the dominant player, with a third of the market. Its position has become even more entrenched over the past ten years, as those around it have lost market share.
Marc Rubinstein • Disrupting Bloomberg
Tax Evasion Settlement
Swiss bank UBS Group AG yesterday agreed to pay $511M to settle a criminal investigation by the US Justice Department that found Credit Suisse (the bank UBS bought in 2023) helped wealthy Americans evade taxes on more than $4B in at least 475 offshore accounts. The settlement comes more than a decade after Credit Suisse pledge... See more
Swiss bank UBS Group AG yesterday agreed to pay $511M to settle a criminal investigation by the US Justice Department that found Credit Suisse (the bank UBS bought in 2023) helped wealthy Americans evade taxes on more than $4B in at least 475 offshore accounts. The settlement comes more than a decade after Credit Suisse pledge... See more
Pulitzer Prizes, Diddy Trial, and US Home Prices
Relatively non-digital but ripe for disruption. The online art market is a mere $5.8bn by UBS’s estimates.