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: Bill Ackman's nightmare start to pro tennis, Meta poached Apple exec with over $200M, Nvidia hit $4 trillion club, and Kellogg shares up 50% on $3B Ferrero deal.
Plus: SpaceX's $400B valuation, Meta invests $3.5 billion in Ray-Ban owner, TSA OKs shoes at airport screening, Elon's Grok AI bot goes full Nazi, and a Sequoia partner in hot water.
Plus: Trump says Elon has gone "off the rails," Tesla sheds $68B, CoreWeave buys Core Scientific for $9B, Zuck poaches Apple's AI guru, and Dorsey drops a WhatsApp rival.
Plus: Joe & the Juice IPO, Bilt valued at $10B, Wimbledon seats being flipped for huge profits, and Morgan Stanley gave Ben Shelton’s sister the week off after he reached R16.
Plus: Five trends to watch as US stocks hit a new high and career advice for young professionals.
Plus: Tech bro gets exposed for holding multiple jobs, Palmer Luckey and Peter Thiel drop latest venture, Oracle keeps mooning, and Modelo CEO blames Trump for beer slump.
Plus: xAI raises another $10 billion, all Citadel funds are in the green for 2025, Amazon will soon have more robots than humans, and Figma filed for an IPO.
Great quarter, guys! Trump hit Powell with a “pls fix” note to cut rates, and suggested DOGE look into Elon's companies. Plus: Zuck unveiled his $15B AI dream team.
Plus: Gen Z's savvy at retirement saving, OpenAI leans into AI customization, Florida real estate boom fueled by Wall Street, and what's a comfortable salary?
Plus: The strategic case for gold, the most powerful life hacks, and mastering network effects.
Plus: Wealthy New Yorkers looking to flee after Mamdani's win, Meta successfully poached three OpenAI researchers, one of Elon’s top execs exits Tesla, and Trump to name Powell replacement soon.
Plus: Nvidia is back to hitting record highs, Goldman’s new AI tool has bankers fearing for their jobs, Ford is moving to 4-day office weeks, and Bumble slashed 30% of its staff.
