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With the predictability of a metronome, Harvard’s former endowment manager has raised $6 billion for his new hedge fund. The figure is the largest startup amount ever for any hedge fund, exhibiting the confidence the market has in him—a confidence that Harvard did not. Five months ago, Jack R. Meyer resigned. He resigned partly due to financial reasons but also because he was forced out by relentless criticism and scrutiny from students and alumni. The point of contention was his salary. Meyer made $6 million in 2005 and his top bond managers were paid...
Harvard’s former endowment manager, Jack R. Meyer, has raised $6 billion for his new hedge fund, an amount unprecedented for startup hedge funds, AFX News reported Sunday. However, Convexity Capital Management, Meyer’s new fund, will start without money from Harvard...
...have a really good idea of what facebook is.” Zuckerberg said he has made similar recruiting trips to Stanford and Berkeley. He will recruit at MIT today before heading back to facebook.com’s headquarters in Palo Alto, Calif. He said working for a startup company like facebook.com should be considered a viable alternative to consulting or investment banking, two of the most popular career paths for Harvard grads. “A lot of people know facebook as a site, but not many think of it as a cool company to work...
Technorati and budding tech entrepreneurs trucked through Saturday’s rain to be schooled on start-ups and be told that the economy is on the verge of another dot-com frenzy at Startup School, a one-day symposium designed to promote start-up companies. Y Combinator, a tech company incubator, teamed up with Harvard Computing Society (HCS) to host the event. The organizers brought cognoscenti including Michael Mandel, the chief economist at BusinessWeek, to lecture to the 500-person audience in the Science Center. Mandel summarized the dot-com boom of the late 1990s in four words...
...going to facilitate that. And if you want to kick it up and monetize it, make a business out of it or have it be part of your business, we're going to be there for you," Curry told TIME. He isn't alone. Another San Francisco-- based startup, Odeo, also recently won funding and promises to make podcasting easy and profitable. In Seattle, Melodeo secured $11 million to bring podcasting to mobile phones...