Write-Offs: 08.07.14

$$$ Argentina Sues U.S. in International Court of Justice Over Debt Dispute [WSJ]

$$$ Owner of Lingerie Chain Agent Provocateur Said to Hire Goldman to Run a Sale [Dealbook]

$$$ He sprayed a giant, white “AIG Sucks” on a six-foot by four-foot blue background. Over the first two letters of Sucks, Hancock painted a red “Ro,” spelling out “Rocks” and revealing on canvas the aspirations that would occupy the next years of his life. [Bloomberg]

$$$ Start-Ups Seize Marijuana Opportunities as Big Companies Hold Back [NYT]

$$$ Study: Most Sexting Occurs On Tuesdays Between 10 a.m. and Noon [BetaBeat]

$$$ Blackstone, KKR, TPG to Pay Combined $325 Million to Settle ‘Club Deals’ Lawsuit [WSJ]

$$$ Sam Altman sits behind his desk with his knees pulled up to his chest, eating dried apricots. He’s 29, but even the most laissez-faire bartender would card him. His hand is forever grabbing his hair while he thinks, making it stick up in Einsteinian tufts. He says his main interest is indeed physics, though when he got to Stanford University he majored in computer science because “I already knew a lot about physics.” His T-shirt reads “make something people want,” the slogan of Y Combinator, the accelerator he runs. In exchange for 7 percent equity, it hands out $120,000 and three months of Wi-Fi, coffee, parking, and free advice to brand-new startups. Airbnb and Dropbox are a couple of its successes. Asked why people think Silicon Valley tech entrepreneurs are such jerks, Altman finishes an apricot, twists some hair between his fingers, and says, “It’s not helped by the large number of arrogant f-‍-‍-s in Silicon Valley. [BusinessWeek]

$$$ Metta World Peace…intends to change his name to “Panda Friend” in honor of his move to China [CD]

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One Response to “Write-Offs: 08.07.14”

  1. InfiniteGuest says:

    So AIG's incoming chief can't even spell UBS?
    Sounds about right.