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Notion cofounder Ivan Zhao captivated Silicon Valley investors and everyday consumers alike with a sleek productivity app that went so viral its servers crashed. Now it's going aggressive on AI.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/kenrickcai/2024/04/11/10-billion-productivity-startup-notion-wants-to-build-your-ai-everything-app/?sh=2b0482f66079<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
⏲ 4:46 👁 2.6M
You may have noticed fewer new venture capital-backed startups (like Airbnb or Uber). The market slowed to a crawl after 2021, but things are expected to take off again in 2025.
⏲ 9:17 👁 310K
Staying small is working out big time for Shore Capital. Their average internal rate of return on its 14 exits, all in health care, is 53%, net of fees. That’s nearly triple the average net IRR of U.S. buyout funds raised since 2009, according to data from Cambridge Associates. After Shore took its 20% to 30% cut of profits, its exits multiplied investors’ money by 5.5 times on average, also nearly triple the average total value to paid-in capital multiple of U.S. buyout funds raised during that period. Shore has never unloaded a company for less than three times cost before fees, nor, it says, has it ever suffered a loss. “Those are top 1% returns in private equity,” marvels one investor who asked not to be identified, citing his organization’s press policy. “That’s rarefied air, right? That’s more like venture capital than a traditional buyout firm.”<br/><br/>Ishbia and his team have acquired more than 1,000 mom-and-pop shops across the country (average cost: $15 million) since Shore’s 2009 founding and rolled them up into 61 larger chains of things inclu­ding autism treatment clinics, bakeries and exterminators. “We’re buying businesses in Akron, Ohio, and Pittsburgh, and Birmingham, Alabama,” Ishbia says. “There’s more low-hanging fruit for me. It’s Joe Schmo on Main Street.”<br/><br/>Shore then invests in computer systems and equipment, stacks the businesses’ boards with industry veterans and hunts for complementary companies in adjacent markets. “We’re just buying and buying and buying,” says Ishbia, who insists Shore doesn’t take on as much debt as other private equity firms and doesn’t cut servi­ces or head count. “The private equity world gets a bad rap for ‘buy this, slash that.’ We are growth—we have almost 35,000 employees and hire thousands per year.”<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/mattdurot/2024/04/08/this-main-street-billionaire-bought-over-a-thousand-small-businesses-and-never-lost-a-dime-justin-ishbia/?sh=3140aa9e39ee<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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A blaze has broken out in Copenhagen’s historic former stock exchange in Denmark’s capital on Tuesday, as its spire was engulfed by flames and collapsed.
⏲ 2:0 👁 70K
Sure, Ruth's Chris Steak House and Capital Grille are both known for top-notch food and service, but we took a deep dive to figure out what sets the two classic steakhouses apart.
⏲ 11:16 👁 1.2M
The single largest-ever rescue of endangered bear cubs worldwide took place in Vientiane, the capital of Laos on March 19th, when police raided a house in response to reports from concerned neighbors who could hear the distressing cries of baby bears. Police found no less than 16 live baby moon bears and brought them to safety. Yair Ben-Dor has more.
⏲ 1:21 👁 835K
Andi Oliver’s Fabulous Feasts episode 3 - Andi Oliver embarks on a captivating journey to the northeastern shores of England, setting her sights on the quaint fishing town of Bridlington. This charming locale holds a remarkable secret, one that many might find surprising: Bridlington stands as the undisputed lobster capital of Europe. A title not widely recognized but deeply ingrained in the town's culture and economy.
⏲ 57:45 👁 1M
On Thursday, a call for restraint echoed from Russia, Germany, and Britain to nations in the Middle East, as tensions escalated over an Iranian threat targeting Israel. Israel, in response, asserted its readiness to address all its security concerns. Lufthansa, one of the limited Western airlines serving Tehran, prolonged the suspension of its flights to the Iranian capital, citing safety concerns. Additionally, Russia cautioned against travel to the Middle East amidst the escalating situation. The backdrop of this tension is the vow of retaliation from Iran following the April 1 airstrike on its embassy compound in Damascus, which resulted in the death of a senior Iranian general and six other military officers. This incident has further strained an already tense region, compounded by the ongoing Gaza conflict. While Israel has not claimed responsibility for the airstrike, Iranian Supreme Leader Ayatollah Ali Khamenei asserted that Israel must face consequences for the attack, likening it to an assault on Iranian soil. <br/> <br/>#IsraelIranConflict #MiddleEastTensions #DiplomaticEfforts #SecurityConcerns #GlobalAppeal #RegionalInstability #IranEmbassyAttack #InternationalRelations #DeescalationEfforts #DiplomaticDialogue<br/>~PR.152~ED.102~GR.124~
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Dr. Sunita Mishra, Chief Medical Officer, Amazon Health ServicesNoor Shaker, Founder and CEO, SPATIALXModerator: Eileen Burbidge, Executive Director, Fertifa; Founding Partner, Passion Capital; Co-chair, Fortune Brainstorm AI London
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Jingdezhen, the age-old porcelain capital, continues to captivate with its enduring artistry and impeccable craftsmanship. <br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline
⏲ 4:4 👁 2.1M
Detectives deploying counter-terrorism tactics against London’s worst sex predators have secured 24 convictions in eight months.A Metropolitan Police project ranked the 100 most dangerous male and female offenders targeting women and girls to transform the way rape and sexual assault is investigated.They come from a cohort of more than 35,000 people accused of domestic or sex violence in the capital in just 12 months.Dramatic police body-worn footage released on Wednesday shows the moment rapist and prolific stalker Marcelino Goncalves, 55, from Acton, is arrested.He tearfully pleads with officers: “No I haven’t done anything. I swear to God. It’s a lie.”Passers-by had seen Goncalves, 55, attack a woman known to him in the street.
⏲ 0:45 👁 1.1M
The accounting equation is a fundamental principle in accounting that represents the relationship between a company's assets, liabilities, and equity. It is expressed as:<br/><br/>Assets<br/>=<br/>Liabilities<br/>+<br/>Equity<br/>Assets=Liabilities+Equity<br/><br/>In other words:<br/><br/>Assets represent what a company owns or controls. These can include cash, inventory, equipment, property, and investments.<br/>Liabilities are what a company owes to external parties. These can include loans, accounts payable, and other debts.<br/>Equity represents the owner's claim on the company's assets after all liabilities have been deducted. It includes contributed capital (such as investments by shareholders) and retained earnings (profits that have been reinvested into the business).<br/>The accounting equation must always remain in balance, meaning that the total value of a company's assets must equal the sum of its liabilities and equity. This principle forms the foundation of double-entry accounting, where every transaction must impact the equation in a way that maintains its balance.
⏲ 3:37 👁 30K
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