What’s Happening. A View From The Castle.
Even with DOGE??? The RegulatoryTechnology industry grew from $12.8 billion in 2023 to $15.8 billion in 2024, and industry analysts predict RegTech will reach $85.92 billion by 2032 – a CAGR of 23.6%.
Don’t laugh at this, you monster… The US Department of Justice charged former Comtech Telecommunications CEO Ken Peterman with insider trading for selling his Comtech stock using nonpublic information about the company and his own impending firing.
And just last week I was so excited about Barnes & Noble… An assessment of 4,600 US adults concluded that between 2017 and 2023 the share of Americans scoring at the lowest level (1 out of 5) or below in literacy rose to 28% from 19%.
Will you be able to work from home??? SL Green is planning to convert its 35-story office tower at 750 Third Avenue in Manhattan into a 639-unit apartment building at a cost of $805 million.
But sharing is caring… 30 VC firms collected 75% of all money raised by US funds in 2024. 9 raised 50%. 1 (Andreessen Horowitz) raised 11%.
“Travelin’ along there’s a song that we’re singin’, come on get happy”… US household wealth rose hit a record high in Q3, fueled by strong stock-market gains. Household net worth increased $4.8 trillion (up 2.9% from Q2) to $169 trillion, and equity holdings rose $3.8 trillion. Household liquidity also rose by $380 billion to a record high $18.9 trillion. [Do you know the lyric, and if so – are you willing to admit it?]
“No one can predict the wheel of fortune as it falls”… The US Fifth Circuit Court of Appeals struck down a Nasdaq board diversity rule requiring public companies listed on Nasdaq to disclose director diversity and have at least two diverse directors holding it was far removed from the purposes of the Securities Exchange Act of 1934 and the SEC lacked statutory authority to approve it without a clear mandate from Congress.
“Don’t put me in the basement when I want the penthouse”… Women leading +$1 billion private companies rose 2X YOY and female entrepreneurship increased by 41%. But only 9% of CEOs in the Russell 3000 are women. Women are still underrepresented in CEO-track roles and receive only a fraction of VC funding for startups, however they do make up 42% of full-time MBA students, and some top business schools have achieved gender enrollment parity.
“You’re gonna hear my voice when I shout it out loud, it’s my life, it’s now or never”… Over 40 organizations, including Public Citizen, sent a letter to the US Senate urging the renomination of Caroline Crenshaw as an SEC commissioner. The vote on her renomination was postponed after Republican senators blocked it amid significant opposition from the crypto industry that feels her stance on digital assets is too restrictive.
#investmentbanking #technology #corporatecurrency #homecrowdadvantage #privateequity #venturecapital #castleplacement #cpgoapp
