GIBBI, Today
In this newsletter I write the 5 most important news that I read in the day about businesses, finances and sports in México and in the World.
Stories:
Cruz Azul vs Querétaro
How People Get Rich Now
Toyota Builds A City To Test Futuristic Mobility
Jaguars Hire James Gladstone As General Manager
Anne Wojcicki Has A New Offer To Take 23andMe Private
Cruz Azul vs Querétaro (GIBBI’s Editorial Staff)
Tonight at 19:05 CT on Olímpico Universitario Stadium (Querétaro, México)
Cruz Azul: 6th place with 14 points (4-2-2 record)
Querétaro: 14th place with 7 points (2-1-4 record)
GIBBI View: Cruz Azul isn’t playing a great football in this tournament but they’re winning and this is the important, Cruz Azul play a great football in 1st half but, in 2nd half Sánchez doesn’t know how to adjust and Cruz Azul play a bad football in this half; Querétaro are fighting to enter to play-in but it looks like difficult to achieve it; My Prediction: Cruz Azul win by 2 goals difference
How People Get Rich Now (Paul Graham)
How are people making these new fortunes? Roughly 3/4 by starting companies and 1/4 by investing. Of the 73 new fortunes in 2020, 56 derive from founders' or early employees' equity (52 founders, 2 early employees, and 2 wives of founders), and 17 from managing investment funds
So the decreasing cost of starting a startup increases the number of rich people in two ways: it means that more people start them, and that those who do can raise money on better terms
That's why founders sometimes get so rich so young now. The low initial cost of starting a startup means founders can start young, and the fast growth of companies today means that if they succeed they could be surprisingly rich just a few years later
GIBBI View: This is why I want to create a startup to become rich, I’m not going to lie, so for that reason I’m working so hard to make it a reality; in this moment I’m working in three projects with the hope to make that the three of them can become startups or minium only of them: GIBBI, GIBBI Carsharing, GIBBI Super App, let’s see
Toyota Builds A City To Test Futuristic Mobility (BNN Bloomberg)
Woven City near Mount Fuji is where Japanese automaker Toyota plans to test everyday living with robotics, artificial intelligence and autonomous zero-emissions transportation
The first phase spans 47,000 square metres (506,000 square feet), roughly the size of about five baseball fields. When completed, it will be 294,000 square metres (3.1 million square feet)
Woven City’s construction began in 2021. All the buildings are connected by underground passageways, where autonomous vehicles will scuttle around collecting garbage and making deliveries
GIBBI View: This is a great idea but I have my doubts if Toyota can finish it and it can be as functional as Toyota wants, I think that if this works this is going to help a lot ot the humanity, but I think that the total AI implementation will take more than 5 years from now
Jaguars Hire James Gladstone As General Manager (NFL)
James Gladstone, the Los Angeles Rams' director of college scouting, has been hired as the new general manager of the Jaguars, the team announced on Friday
Gladstone will officially succeed Trent Baalke, who Khan and the Jags parted ways with on Jan. 22 -- weeks after Doug Pederson was fired as head coach in the wake of a 4-13 season
He's played an instrumental role in stellar 2023 and '24 draft classes for Los Angeles, which boast 2023 AP NFL Offensive Rookie of the Year Puka Nacua and 2024 AP NFL Defensive Rookie of the Year Jared Verse and DROTY nominees Braden Fiske and Kobie Turner
GIBBI View: Jaguars have a good team to minimum to compete to win AFC South Division against Texans and qualify to playoffs, because they have the enough talent and this division is one of the “worst” in the league, so I think that in 2025 NFL Season Jaguars will “fight” against Texans to win AFC South Division
Anne Wojcicki Has A New Offer To Take 23andMe Private (CNBC)
Wojcicki and New Mountain have offered to acquire all of 23andMe’s outstanding shares in cash for $2.53 per share, or an equity value of approximately $74.7 million. The company’s stock closed at $2.42 on Friday with a market cap of about $65 million
The offer comes after a turbulent year for 23andMe, with the stock losing more than 80% of its value in 2024. In January, the company announced plans to explore strategic alternatives, which could include a sale of the company or its assets, a restructuring or a business combination
Wojcicki previously submitted a proposal to take the company private for 40 cents per share in July, but it was rejected by the special committee, in part because the members said it lacked committed financing and did not provide a premium to the closing price at the time
GIBBI View: Last year I wrote two news in my newsletter about this topic, where I think that the most probably is the board is going to accept it and 23andMe is going to become private again; now thinking about that, I can understand Anne that she wants to bring back to take the control of the company again and do whatever she wants; remember that I’m working in create my next startup GIBBI Carsharing, let’s see if I can make it