Archive for the ‘Research’

Eric Lefkofsky On How Entrepreneurship, Technology, And Philanthropy can Impact Lives03.21.18

Chicago has one of the most prominent entrepreneurs who has co-founded many companies, Eric Lefkofsky. He has co-founded Lightbank, Uptake Technologies, Tempus (CEO), Echo Global Logistics, Mediaocean, Innerworkings, and Groupon where he serves as the Chairman and Chief Executive Officer. Moreover, he has been involved in more than 70 other companies in one way or the other. His philanthropist efforts are focused on research and initiatives impacting on the quality of human life mainly, health, education, human rights, arts, and culture.

Groupon global company that assist in local commerce by using its worldwide contacts network offering its customers a wide range marketplace of unmatched deals globally. These include shopping deals, vacation getaways, electronics, home furnishings, and other goods. Eric Lefkofsky’s has valuable advice to young entrepreneurs, in that they will always be fascinated by money until they make it because that is the scale in which businesses are measured from across the world. But with time they will realize that it will involve more, and they may want to give it away in helping others in the communities that are less privilege or build something that is going to make the world a better place.

Regarding the harsh criticism faced by the sudden success of Groupon and likens it to the same cycle of highs-and-lows that Amazon and Facebook met in their IPOs. He says that the American culture like to build something up, tear it down and then build it up again, a cycle that fascinates. Eric Lefkofsky is motivated by the desire to succeed, and there is no slowing down for him. He is however very strict with mixing his roles as a Chief Executive Officer with those of husband and father where he does not entertain calls, emails at night or during weekends. This has been a way of taking a break to keep himself focused and fresh.

Eric Lefkofsky went to the University of Michigan Law School for a Juris Doctor and is an author of Accelerated Disruption: Understanding the True Speed of Innovation. He teaches at the Chicago’s Booth School of Business as an adjunct professor.

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Sahm Adgrangi Raises $100 Million through Kerrisdale Capital10.10.17

A New York short seller Kerrisdale Capital Management has raised 100 million dollars from investors to bet against a single stock. This seems to be a new practice by the relatively small company since the company whose stock is being bet against has not yet been revealed. Usually, hedge fund companies raise money towards a particular investment thesis such as buying distressed companies whose stock price and value can be analyzed. However, Kerrisdale Capital Management Chief Investment Officer Sahm Adrangi says that the fact they have raised such a huge amount of money over such a short periods evidence that they have caught the imagination of the alternative community.

Mr. Adrangi explains that they have taken a company which is worth over 10 billion dollars and sought to explain to investors their thesis on it. They are currently preparing a reporting website and video data to try and convince others on their thesis. While the company will be revealed later, Kerrisdale Capital is seeking to establish its position with the enterprise in real time. The fund is now worth an approximated 500 million dollars including the 100 million raised for this short sell. It has a history of betting against companies and taking their case to the public. These positions have often paid off, including the recent short sales on drug companies satellite company Globalstar and Sage Therapeutics and Zafgen. It has had an approximated annual return of 28% over the past five years and is down 7% in 2016 through March.

33-year-old Sahm Adrangi is the chief investment officer at Kerrisdale Capital Management, a New York Hedge Fund. Before founding Kerrisdale Capital, Adrangi worked for Longacre Fund Managemen as an investment analyst. He conducted research and investment analysis for both equity and credit funds at the 1.2 billion dollars worth company. Banking on experience gained working at this firm and many others before that, Sahm Adrangi founded Kerrisdale Capital Management in 2009. The Kerrisdale focuses both on value and special situation investments which are driven by events. Sahm Adrangi has spent the past eight years growing the company, both in size and in reputation, and has made it one of the most respected hedge fund managers in the country.

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