Peloton said it would voluntarily recall all of its treadmills due to to safety issues related to the design of the machines. The decision stood in stark contrast to Peloton’s response to an earlier recommendation by the U.S. Consumer Product Safety Commission, which had received reports injuries and one child’s death related to use of the treadmill. In a joint statement with the agency on...
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Modest Proposals Venture Capital
The End of Venture Capital as We Know It
All signs seem to indicate that by 2022, for the first time, nontraditional tech investors—including hedge funds, mutual funds and the like—will invest more in private tech companies than traditional Silicon Valley–style venture capitalists will. Many people are quick to write this off as a momentary blip where extremely cheap money and the global search for returns are...
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