SAN FRANCISCO — The worth of hot technology start-ups seemed for years to go in only one direction: straight up.
Now there are signs of growing unease over the dizzying valuations of some of the most richly priced private companies.
The latest sign has emerged with one such favorite, Snapchat, being discounted 25 percent by one of its more recent investors, Fidelity, the mutual fund giant.
Another start-up, Dropbox, the widely used file storage service, was devalued by the giant asset manager BlackRock this year.
The funds’ markdowns may tap the brakes on a fast-growing market. Investors, in the hopes of getting a piece of the next Facebook or Google, have been pouring billions of dollars into young private companies.
Yet the public stock market has cooled for new technology companies: witness the current effort by Square, a mobile payments company, to go public at a valuation lower than what its last private investment gave it.
The moves by
The New York State attorney general on Tuesday ordered the two biggest daily fantasy sports companies, DraftKings and FanDuel, to stop accepting bets from New York residents, saying their games constituted illegal gambling under state law.
The cease-and-desist order by the attorney general, Eric T. Schneiderman, is a major blow to a multibillion-dollar industry that introduced sports betting to legions of young sports fans and has formed partnerships with many of the nation’s professional sports teams. Given the New York attorney general’s historic role as a consumer-protection advocate, legal experts said the action would most likely reverberate in other states where legislators and investigators are increasingly questioning whether the industry should operate unfettered by regulations that govern legalized gambling.
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Fans posed for pictures at an N.F.L. fan rally in London on Saturday ahead of Sunday’s game there between the Bills and the Jaguars.
N.F.L.’s Forays to London Muddle Its Stance on Sports BettingOCT.
All eyes were on the moderators Tuesday night during the first of the two GOP debates in Milwaukee. After last week’s debate, the Republican Party — miffed about CNBC’s “gotcha questions” during the last debate — took its business to the Fox Business Network.
FBN journalists Sandra Smith and Trish Regan and Wall Street Journal Washington bureau chief Gerald Seib lived up to the hype, moderating a policy-heavy discussion that drew little in the way of criticism from the candidates.
The only question that prompted eye rolls was from Gerald Seib about which Democratic Party politicians the Republican hopefuls respected most. Otherwise, the questions engendered economic proposals and the occasional tete-a-tete. Here were the most substantive:
1. “As president, what concrete steps will you take to get America back to work?” (Trish Regan)
2. “As we move away from a manufacturing economy to a services-based, technological economy, how are you going to help the millions of Americans that are stuck in this transition?” (Trish Regan)
3. “Federal statistics show that payrolls have expanded by 8.7 million new jobs so far during [Obama’s] time in office. All the jobs lost in the Recession were recovered by last year. In October,
Indeed, it is sometimes hard to determine which hotel is worth visiting and which is not. Exactly because of this reason, we offer all readers and travelers a short guide that would take into account all necessary qualities a hotel should have to make your stay comfortable and pleasant.
Before advising any particular hotel, let’s first discuss the most important features a quality hotel must have:
- Rating –according to European classification good quality hotels begin with 3 stars and finish with the highest 5 stars. Such hotels are usually pretty spacious with private bathroom or a shower with a lavatory;
- Hotel facilities – a well-equipped modern room should include the following: cable TV, access to Internet 24/7, telephone, room service, hair-dryer, air-conditioning etc;
- Location – this already depends on a traveler’s choice and purpose of staying. In case if it is a business trip, the best option would be to stay about 15-20 minutes away from the airport. From the one side it is close to the airport whereas from the other it is close to the city center. In case of a holiday, the best option would be to stay close to the beach or city center;
- Customer service – exactly professional customer
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Gambling is a fun thing, but it is somehow illegal. Fortunately, the illegal gambling organizations are those which do not qualify several requirements from the government. They are actually supposed to be illegal to keep society from being tricked into their scams. Even so, legal gambling in United States is not known widely. Therefore, some people fall into a trap in which they cannot claim their money even if they won the gamble. One game that is usually misdirected is known as lottery. We all know that by drawing a single lot, it is possible to gain amazing profit up to $100,000,000 or more. Therefore, many people are impulsively drifted into such reality.
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Michele Romanow is the co-founder of Buytopia and SnapSaves. The new Dragon on Dragons’ Den argues the secret to innovating is not investing too heavily in any one idea.
1. Create projects, not businesses
It’s a gentler fall to say “the project didn’t work” rather than “the business failed.” Some projects need to be abandoned right away, but some take a bunch of iterations to get right. I was playing with the idea of doing sample boxes and calling tons of vendors to see if we could distribute a sample box for them, when we realized that what was really needed was a better mobile couponing vendor. So that’s how we created SnapSaves. Trying little projects and seeing what happens is really important.
2. Build a low-cost trial
Can you build a landing page to test if people are excited by a new idea? Can you get out a really basic software product without investing too much? The nice part about technology is that ideas can be tried very quickly.
3. Call your competitors
When entrepreneurs are testing new ideas, they can become obsessed with their market research. But you really just need to get the basics. Talk to people who have worked in that space and find