If there is a tech founder more qualified than Andy Puddicombe to help those of us who might be struggling to hold it all together over the last six months, I’m not sure who it is. Puddicombe is a former Buddhist monk who started Headspace, a meditation and mindfulness app, with co-founder Rich Pierson 10 years ago.
We’ll get to that in a minute, but let’s be honest, the last six months have been rough. It’s been rough for people trying to figure out how to balance working from home with all the other things that happen at home. Right now, in many cases, that includes things we’ve never experienced before, like running a virtual school.
If you haven’t tried to work while making sure four different elementary-age students make it on the right Zoom class, I promise you, it’s rough. I don’t want to speak for anyone else, but I’ll just say that we can use all the help finding some tranquility that we can get.
I had a chance to talk with Puddicombe for my podcast (you can listen to the full interview on Apple Podcasts or Spotify), and it was easily one of my favorite conversations so far. We spoke about his company’s partnership with Microsoft that allows users of Microsoft Teams to access Headspace meditations during a new feature known as the virtual commute.
“It’s great to see meditation and mindfulness reach more people,” says Puddicombe, “but it’s also a reflection that people are really struggling.” The key to changing that, he suggests, might just be to do nothing more often.
Well, to be fair, meditation isn’t doing nothing. It’s about being mindful, which means setting aside all the things on our to-do list for a few minutes to take a deep breath, and spend some
CoinList president and co-founder Andy Bromberg has seen a number of token projects raise funds, and now he’s going to lead a project himself.
“I’m leaving CoinList to join Eco as CEO,” he said in an email shared with The Block.
Uber co-founder Garrett Camp backed the project, which intends to serve as a currency to be used in commonplace transactions. Eco will allow users to open interest-bearing accounts like they could with a bank. Users can put portions of their paychecks toward crypto and earn up to 2.5% to 5% on interest.
“Eco is the most compelling project I have seen across crypto and fintech,” Bromberg said in the email, “And the opportunity was too good to pass up.” Bromberg said he recognized Eco’s “real shot” to quickly onboard the world to crypto.
“I believe Eco has finally figured it out,” Bromberg said.
Bromberg co-founded CoinList in 2017, where he remained as the president. CoinList aimed to simplify the token process, having facilitated the sales of nearly $1 billion worth of transactions. The firm more recently launched an exchange business, which supported trading of Celo, Solana, and Filecoin. Still, CoinList has run into troubles. In mid-August of 2020, CoinList attempted for the second time to host a NEAR token sale but faltered under the heavy traffic load.
Bromberg said he will still act as the CoinList Special Advisor, even as CEO of Eco.
“Top line thing is: things are going great at CoinList. The company is ripping,” he said in a phone call with The Block.
© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
After nearly two decades as one of Silicon Valley’s most closely guarded companies, data mining company Palantir Technologies finally went public on Wednesday in an unusual direct listing process. After an expected delayed first trade, Palantir opened at 1:40 pm Eastern trading at $10 a share, up from the $7.25 reference price the company set on Tuesday night. It hit $11 at 1:50PM Eastern.
In a direct listing, the company does not raise funds for itself. Instead, existing shareholders get a chance to sell.
Controversial investor Peter Thiel, who cofounded Palantir in 2003 and bankrolled the company in its early years, will be the biggest winner today as company chairman and its largest individual shareholder.
Thiel and three investment firms he founded, Founders Fund, Clarium Capital and Mithril Capital, owned a total of 17.7% of the company before the offering, according to a regulatory filing. Forbes estimates that Thiel owns an 8% stake directly and through the funds, worth $1.9 billion at $11 a share. Thiel and the funds he runs registered to sell as many as 62 million shares in the offering, or 15.8% of their stake. It’s not clear yet whether all 62 million shares will be sold on Wednesday.
Palantir CEO Alexander Karp, who has called wealth “culturally corrosive,” owned 5.6% of the company before the offering, including vested options. Karp registered 20.5 million shares in the offering, which means he may sell some or all of them in the offering, bringing in as much as $200 million or more, before taxes. Forbes estimates that Karp is now worth $1.1 billion.
Forbes first called Karp a billionaire in 2015, when Palantir raised $400 million at a $15 billion valuation; Karp owned an estimated 8% of the