FT: “After peaking at $917bn in 2021, the value of exits fell to only $151bn in 2024. According to hedge fund Coatue, exits fell to only 40 per cent of the value of new VC investments last year — a measure of just how little the industry was returning to its backers, relative to how much capital it is putting to work. With this year’s partial recovery, they have rebounded to roughly match new investments. But a healthy venture investing market, bringing steady returns for investors, would require the value of exits to reach twice the level of new investments, according to Coatue.”
Lloyd Mathais: “This model of ‘intrapreneurship,’ which empowers employees to innovate from within, is lean, scalable and aligned with shareholder interests. It keeps organizations future-focused while encouraging employees to think beyond incremental improvements. The upside? A culture of ownership, a bias for action and a pipeline of tested products and ideas ready for the market. Companies have been devising unique approaches to embed entrepreneurship as a practice. Some business groups have set up in-house units, others are seed-investing through innovation funds, while many are contributing to well-known colleges and universities to boost research and entrepreneurial development.”
Business Standard: “The share of India’s industrial sector in gross domestic product has declined since 2010–11, even during this period of growing concentration. If India’s strategy of relying on big business was to help create world-class companies that would spearhead its industrial development by providing huge subsidies and tariff protection that does not seem to be working. It is helping these business groups grow even bigger, but it is not, by itself, helping India grow any faster. In fact, it may be doing just the reverse. We may be witnessing, in Dani Rodrik’s words, “premature deindustrialisation.””
Tyler Cowen: “I have a radical travel suggestion. Perhaps it is not for families or for the frail, but seasoned travelers should consider it. Imagine you have been to many places, and you are wondering where to go next. Select a country (putting aside danger) where you are quite sure you do not want to go, simply because it does not interest you much. Go there. The point is that your instincts can be quite wrong about places you have not seen. What’s more, if you go with low expectations, there is a high likelihood you will be pleasantly surprised. Under my proposed method, you will not be disappointed.”
