The lesson from Mark Zuckerberg and Jack Dorsey that inspired these students to build a multimillion start-up

Siu Rui Quek had always been entrepreneurial. But it was a lesson learned in his early twenties from enterprising icons Mark Zuckerberg and Jack Dorsey that set him on course for the big times. I always joke that I have a mentor, which is Mark Zuckerberg, but it’s only one-way. Carousell’s co-founders from left to right, Marcus Tan, Siu Rui Quek and Lucas Ngoo. You’ve just got to love what you do and be obsessed about that problem you’re solving Siu Rui Quek co-founder and CEO, Carousell


Siu Rui Quek had always been entrepreneurial. But it was a lesson learned in his early twenties from enterprising icons Mark Zuckerberg and Jack Dorsey that set him on course for the big times. I always joke that I have a mentor, which is Mark Zuckerberg, but it’s only one-way. Carousell’s co-founders from left to right, Marcus Tan, Siu Rui Quek and Lucas Ngoo. You’ve just got to love what you do and be obsessed about that problem you’re solving Siu Rui Quek co-founder and CEO, Carousell
The lesson from Mark Zuckerberg and Jack Dorsey that inspired these students to build a multimillion start-up Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: karen gilchrist
Keywords: news, cnbc, companies, students, mentor, jack, zuckerberg, inspired, multimillion, siu, startup, technology, know, dorsey, mark, lesson, rui, build, big, online, quek


The lesson from Mark Zuckerberg and Jack Dorsey that inspired these students to build a multimillion start-up

Siu Rui Quek had always been entrepreneurial. As a teen, he would fuel his passion for technology and earn extra cash buying and selling gadgets online. But it was a lesson learned in his early twenties from enterprising icons Mark Zuckerberg and Jack Dorsey that set him on course for the big times. That lesson? Know your mission. Quek is co-founder and CEO of $550 million online consumer marketplace Carousell. He started the business with his college friends Marcus Tan and Lucas Ngoo back in 2012 after they were inspired by talks from the top tech talents during an internship in Silicon Valley. And, even today, he says those presentations played a vital role in shaping Carousell’s success.

I always joke that I have a mentor, which is Mark Zuckerberg, but it’s only one-way. Siu Rui Quek co-founder and CEO, Carousell

“The one thing that we really learned and took away,” Quek told CNBC Make It, “is to be absolutely mission-oriented and mission-first.” “This idea of being mission-first just helps people transcend personal egos (and) helps create collaboration,” he said. To be sure, the founders did not mentor Quek and his friends directly. “I always joke that I have a mentor, which is Mark Zuckerberg, but it’s only one-way — I know him but he doesn’t know me,” Quek said.

Carousell’s co-founders from left to right, Marcus Tan, Siu Rui Quek and Lucas Ngoo. Carousell

But, by watching their presentations and studying their style, Quek said he and his co-founders were inspired to think about the big picture and how they could use technology to solve big issues. “I think the one commonality all of them had was just this whole fascination for using technology to solve problems and make a big impact,” said Quek. For Carousell, that meant building a platform to simplify buying and selling online, which, Quek said, plays into the company’s wider mission to “inspire every person in the world to start selling.”

You’ve just got to love what you do and be obsessed about that problem you’re solving Siu Rui Quek co-founder and CEO, Carousell


Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: karen gilchrist
Keywords: news, cnbc, companies, students, mentor, jack, zuckerberg, inspired, multimillion, siu, startup, technology, know, dorsey, mark, lesson, rui, build, big, online, quek


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Palantir in multi-million dollar Pentagon deal IPO on horizon

Programs of record are essentially the biggest, multi-year projects awarded by the Pentagon. The contract would require Palantir to build an intelligence system to aid soldiers in remote environments, called an Army Distributed Common Ground System, known as a DCGS-A. “While we are disappointed in the Army’s decision on this initial delivery order, it represents a relatively small number of systems. Stevens said Raytheon was awarded a DCGS-A 10-year contract last March, part of a “multiple deliv


Programs of record are essentially the biggest, multi-year projects awarded by the Pentagon. The contract would require Palantir to build an intelligence system to aid soldiers in remote environments, called an Army Distributed Common Ground System, known as a DCGS-A. “While we are disappointed in the Army’s decision on this initial delivery order, it represents a relatively small number of systems. Stevens said Raytheon was awarded a DCGS-A 10-year contract last March, part of a “multiple deliv
Palantir in multi-million dollar Pentagon deal IPO on horizon Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: kate fazzini, amanda macias, getty images
Keywords: news, cnbc, companies, pentagon, trump, intelligence, horizon, palantir, contract, multimillion, ipo, deal, raytheon, delivery, valley, worth, company, army, dollar


Palantir in multi-million dollar Pentagon deal IPO on horizon

Palantir Technologies, a Silicon Valley data analytics company founded by Trump adviser Peter Thiel and with roots in the CIA-backed In-Q-Tel venture capital organization, has won a major Army contract worth up to $800 million, CNBC has confirmed.

It’s the first time the venture-backed company has been named a “defense program of record.” Programs of record are essentially the biggest, multi-year projects awarded by the Pentagon.

The contract would require Palantir to build an intelligence system to aid soldiers in remote environments, called an Army Distributed Common Ground System, known as a DCGS-A. It was previously reported by the Washington Post.

Palantir, which has been rumored to be close to an initial public offering, beat out Raytheon, a more traditional defense contractor without Palantir’s Silicon Valley roots, a departure for the Army in terms of its biggest contracts.

“While we are disappointed in the Army’s decision on this initial delivery order, it represents a relatively small number of systems. We will actively compete for future delivery orders as we continue to work closely with the Army to help them meet their intelligence needs,” said Maureen Stevens, a Raytheon spokeswoman, via email. Stevens said Raytheon was awarded a DCGS-A 10-year contract last March, part of a “multiple delivery” plan by the Army. The Pentagon did not immediately respond to request for comment.

The deal would dwarf Palantir’s most recent government contracts, including a $222 million award in 2016 from the Department of Defense’s Special Operations Command (SOCOM). That sole-source award was for a technology and logistics software and support project called “All-Source Information Fusion,” meant to bring together intelligence and other information gathered by SOCOM, which oversees the special operations units of all branches of the U.S. military.

Palantir’s customers have included top-tier banks, government agencies, health-care firms and manufacturers in the automotive and aerospace industries. The company provides tools for visualizing and making use of huge swaths of data, using proprietary software. Financial industry analysts have been monitoring Palantir as an IPO candidate for 2019.

Thiel co-founded Palantir in 2003, and was the company’s largest shareholder at its last round of funding in 2015, which valued it at $20 billion. The iconoclastic tech investor is worth $2.5 billion according to Forbes, and earned his fortune as an early leader of PayPal and investor in Facebook, where he sits on the board of directors. He was a prominent supporter of Trump during the 2016 presidential campaign, and has advised the administration informally on technology and science since then.


Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: kate fazzini, amanda macias, getty images
Keywords: news, cnbc, companies, pentagon, trump, intelligence, horizon, palantir, contract, multimillion, ipo, deal, raytheon, delivery, valley, worth, company, army, dollar


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Palantir in multi-million dollar Pentagon deal IPO on horizon

Programs of record are essentially the biggest, multi-year projects awarded by the Pentagon. The contract would require Palantir to build an intelligence system to aid soldiers in remote environments, called an Army Distributed Common Ground System, known as a DCGS-A. “While we are disappointed in the Army’s decision on this initial delivery order, it represents a relatively small number of systems. Stevens said Raytheon was awarded a DCGS-A 10-year contract last March, part of a “multiple deliv


Programs of record are essentially the biggest, multi-year projects awarded by the Pentagon. The contract would require Palantir to build an intelligence system to aid soldiers in remote environments, called an Army Distributed Common Ground System, known as a DCGS-A. “While we are disappointed in the Army’s decision on this initial delivery order, it represents a relatively small number of systems. Stevens said Raytheon was awarded a DCGS-A 10-year contract last March, part of a “multiple deliv
Palantir in multi-million dollar Pentagon deal IPO on horizon Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: kate fazzini, amanda macias, getty images
Keywords: news, cnbc, companies, pentagon, trump, intelligence, horizon, palantir, contract, multimillion, ipo, deal, raytheon, delivery, valley, worth, company, army, dollar


Palantir in multi-million dollar Pentagon deal IPO on horizon

Palantir Technologies, a Silicon Valley data analytics company founded by Trump adviser Peter Thiel and with roots in the CIA-backed In-Q-Tel venture capital organization, has won a major Army contract worth up to $800 million, CNBC has confirmed.

It’s the first time the venture-backed company has been named a “defense program of record.” Programs of record are essentially the biggest, multi-year projects awarded by the Pentagon.

The contract would require Palantir to build an intelligence system to aid soldiers in remote environments, called an Army Distributed Common Ground System, known as a DCGS-A. It was previously reported by the Washington Post.

Palantir, which has been rumored to be close to an initial public offering, beat out Raytheon, a more traditional defense contractor without Palantir’s Silicon Valley roots, a departure for the Army in terms of its biggest contracts.

“While we are disappointed in the Army’s decision on this initial delivery order, it represents a relatively small number of systems. We will actively compete for future delivery orders as we continue to work closely with the Army to help them meet their intelligence needs,” said Maureen Stevens, a Raytheon spokeswoman, via email. Stevens said Raytheon was awarded a DCGS-A 10-year contract last March, part of a “multiple delivery” plan by the Army. The Pentagon did not immediately respond to request for comment.

The deal would dwarf Palantir’s most recent government contracts, including a $222 million award in 2016 from the Department of Defense’s Special Operations Command (SOCOM). That sole-source award was for a technology and logistics software and support project called “All-Source Information Fusion,” meant to bring together intelligence and other information gathered by SOCOM, which oversees the special operations units of all branches of the U.S. military.

Palantir’s customers have included top-tier banks, government agencies, health-care firms and manufacturers in the automotive and aerospace industries. The company provides tools for visualizing and making use of huge swaths of data, using proprietary software. Financial industry analysts have been monitoring Palantir as an IPO candidate for 2019.

Thiel co-founded Palantir in 2003, and was the company’s largest shareholder at its last round of funding in 2015, which valued it at $20 billion. The iconoclastic tech investor is worth $2.5 billion according to Forbes, and earned his fortune as an early leader of PayPal and investor in Facebook, where he sits on the board of directors. He was a prominent supporter of Trump during the 2016 presidential campaign, and has advised the administration informally on technology and science since then.


Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: kate fazzini, amanda macias, getty images
Keywords: news, cnbc, companies, pentagon, trump, intelligence, horizon, palantir, contract, multimillion, ipo, deal, raytheon, delivery, valley, worth, company, army, dollar


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How to entice Chinese buyers to get a multimillion dollar New York condo

How to entice Chinese buyers to get a multimillion dollar New York condo1 Hour AgoChinese investors are the top foreign buyers of U.S. residential property, according to the National Association of Realtors. But how do these purchases happen? CNBC’s Uptin Saiidi attends an event in Hong Kong focused on promoting and selling New York property.


How to entice Chinese buyers to get a multimillion dollar New York condo1 Hour AgoChinese investors are the top foreign buyers of U.S. residential property, according to the National Association of Realtors. But how do these purchases happen? CNBC’s Uptin Saiidi attends an event in Hong Kong focused on promoting and selling New York property.
How to entice Chinese buyers to get a multimillion dollar New York condo Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20
Keywords: news, cnbc, companies, residential, purchases, realtors, saiidi, property, buyers, promoting, chinese, entice, selling, york, condo, dollar, multimillion, uptin


How to entice Chinese buyers to get a multimillion dollar New York condo

How to entice Chinese buyers to get a multimillion dollar New York condo

1 Hour Ago

Chinese investors are the top foreign buyers of U.S. residential property, according to the National Association of Realtors. But how do these purchases happen? CNBC’s Uptin Saiidi attends an event in Hong Kong focused on promoting and selling New York property.


Company: cnbc, Activity: cnbc, Date: 2019-02-20
Keywords: news, cnbc, companies, residential, purchases, realtors, saiidi, property, buyers, promoting, chinese, entice, selling, york, condo, dollar, multimillion, uptin


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Where to find mega-deals in the mansion market

Where to find mega-deals in the mansion market7 Hours AgoCNBC’s Robert Frank reports on some multi-million dollar mansions with steep price cuts.


Where to find mega-deals in the mansion market7 Hours AgoCNBC’s Robert Frank reports on some multi-million dollar mansions with steep price cuts.
Where to find mega-deals in the mansion market Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-30
Keywords: news, cnbc, companies, reports, hours, steep, market, price, megadeals, market7, mansion, robert, multimillion, mansions


Where to find mega-deals in the mansion market

Where to find mega-deals in the mansion market

7 Hours Ago

CNBC’s Robert Frank reports on some multi-million dollar mansions with steep price cuts.


Company: cnbc, Activity: cnbc, Date: 2018-08-30
Keywords: news, cnbc, companies, reports, hours, steep, market, price, megadeals, market7, mansion, robert, multimillion, mansions


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Looking for a mansion? Here are some mega market deals

Looking for a mansion? Here are some mega market deals4 Hours AgoCNBC’s Robert Frank reports on the real estate deals for a number of multi-million dollar mansions.


Looking for a mansion? Here are some mega market deals4 Hours AgoCNBC’s Robert Frank reports on the real estate deals for a number of multi-million dollar mansions.
Looking for a mansion? Here are some mega market deals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-30
Keywords: news, cnbc, companies, mega, looking, deals, market, robert, multimillion, real, mansions, mansion, reports, number


Looking for a mansion? Here are some mega market deals

Looking for a mansion? Here are some mega market deals

4 Hours Ago

CNBC’s Robert Frank reports on the real estate deals for a number of multi-million dollar mansions.


Company: cnbc, Activity: cnbc, Date: 2018-08-30
Keywords: news, cnbc, companies, mega, looking, deals, market, robert, multimillion, real, mansions, mansion, reports, number


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WWE shares pop 15 percent after multi-million dollar TV deals with Fox, Comcast

WWE signed deals with Comcast-owned USA Network and Fox-owned Fox Sports starting from October 1, 2019, for its programs “Raw” and “SmackDown.” USA Network will distribute “Raw” on Mondays while Fox will screen “SmackDown” on Friday as part of the five-year arrangements. “Raw” and “Smackdown” are WWE’s weekly programs that build up storylines between wrestlers in anticipation of main events like “Wrestlemania.” In the first quarter of 2018, “average paid” subscribers to the WWE Network grew 5 pe


WWE signed deals with Comcast-owned USA Network and Fox-owned Fox Sports starting from October 1, 2019, for its programs “Raw” and “SmackDown.” USA Network will distribute “Raw” on Mondays while Fox will screen “SmackDown” on Friday as part of the five-year arrangements. “Raw” and “Smackdown” are WWE’s weekly programs that build up storylines between wrestlers in anticipation of main events like “Wrestlemania.” In the first quarter of 2018, “average paid” subscribers to the WWE Network grew 5 pe
WWE shares pop 15 percent after multi-million dollar TV deals with Fox, Comcast Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-06-27  Authors: arjun kharpal, afp, getty images
Keywords: news, cnbc, companies, tv, multimillion, company, wwes, weekly, usa, comcast, network, wwe, fox, smackdown, raw, deals, 15, shares, pop, dollar


WWE shares pop 15 percent after multi-million dollar TV deals with Fox, Comcast

Shares of World Wrestling Entertainment (WWE) soared by as much as 15 percent in pre-market trade on Wednesday after the company signed two major TV licensing deals for its flagship weekly shows.

WWE signed deals with Comcast-owned USA Network and Fox-owned Fox Sports starting from October 1, 2019, for its programs “Raw” and “SmackDown.” USA Network will distribute “Raw” on Mondays while Fox will screen “SmackDown” on Friday as part of the five-year arrangements.

The deals will increase the average annual value of WWE’s U.S. distribution to 3.6 times that of the prior deal with NBC Universal, which is also owned by Comcast.

WWE anticipates revenue from these agreements will grow from $311 million in 2019 to $462 million in 2021. The sports entertainment company has other deals to negotiate in that time frame and this could increase revenue further, it said.

“Raw” and “Smackdown” are WWE’s weekly programs that build up storylines between wrestlers in anticipation of main events like “Wrestlemania.” “Raw” is the longest-running weekly episodic television show in U.S. prime-time history and has been on air for 25 years.

The share price reaction highlights the importance of TV distribution deals to the company even as it pushes its digital Netflix-like streaming service, the WWE Network. In the first quarter of 2018, “average paid” subscribers to the WWE Network grew 5 percent to 1.56 million.

WWE has been trying to grow in new markets including India and the Middle East and it sees localized content via the WWE Network as a way to do that. It has launched shows for the U.K., for example, and recently held its biggest pay-per-view in the Middle East in Saudi Arabia with The Greatest Royal Rumble.


Company: cnbc, Activity: cnbc, Date: 2018-06-27  Authors: arjun kharpal, afp, getty images
Keywords: news, cnbc, companies, tv, multimillion, company, wwes, weekly, usa, comcast, network, wwe, fox, smackdown, raw, deals, 15, shares, pop, dollar


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How Daymond John went from selling hats on the street to starting a multi-million dollar business

Daymond John accredits a lot of his success to his mom who worked multiple jobs to put food on the table and was the brains behind the risk that eventually made him famous. Hailing from Hollis, Queens, John faced a lot of adversity growing up. That something bigger eventually turned into his clothing label FUBU. After twenty-seven banks rejected John’s request for financing, his mom told Daymond to take another mortgage on their house to support the business. This sacrifice turned out to be the


Daymond John accredits a lot of his success to his mom who worked multiple jobs to put food on the table and was the brains behind the risk that eventually made him famous. Hailing from Hollis, Queens, John faced a lot of adversity growing up. That something bigger eventually turned into his clothing label FUBU. After twenty-seven banks rejected John’s request for financing, his mom told Daymond to take another mortgage on their house to support the business. This sacrifice turned out to be the
How Daymond John went from selling hats on the street to starting a multi-million dollar business Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-04-13  Authors: brianna jacobson
Keywords: news, cnbc, companies, multimillion, queens, mom, hats, red, street, business, dollar, went, johns, eventually, selling, lot, bigger, turned, starting, john, daymond


How Daymond John went from selling hats on the street to starting a multi-million dollar business

He gets it from his momma. Daymond John accredits a lot of his success to his mom who worked multiple jobs to put food on the table and was the brains behind the risk that eventually made him famous.

Hailing from Hollis, Queens, John faced a lot of adversity growing up. His neighborhood was hit with the crack epidemic during the 1980’s, and many of his friends became drug dealers, some even losing their lives. Daymond was left back in school after spending too much time hanging in the street. His mother remained his one salvation. John says, “she made me feel like I was a special individual, and that I was made for something bigger.” That something bigger eventually turned into his clothing label FUBU.

With Queens being at the center of the hip-hop movement, John found his voice through fashion tailored to his community. He started small with hats that brought in huge profits. Later down the road rappers were sporting John’s clothes in music videos and on red carpets while Daymond was working as a waiter at Red Lobster just to make ends meet.

After twenty-seven banks rejected John’s request for financing, his mom told Daymond to take another mortgage on their house to support the business. This sacrifice turned out to be the best decision for their family as John turned that money into a multi-million dollar business.

No matter how much his fame and fortune grows, John says he will always be just, “a little brown boy from Queens” at heart. The number one thing he wants to instill in people is that if you apply yourself, you can be whoever you want. It also doesn’t hurt to have a fantastic mom.

Shark Tank airs weeknights starting at 7P ET.


Company: cnbc, Activity: cnbc, Date: 2018-04-13  Authors: brianna jacobson
Keywords: news, cnbc, companies, multimillion, queens, mom, hats, red, street, business, dollar, went, johns, eventually, selling, lot, bigger, turned, starting, john, daymond


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Ethereum price crashed from $319 to 10 cents on GDAX after huge trade

Ethereum crashed from $319 to 10 cents in seconds on one exchange after ‘multimillion dollar’ trade 5 Hours Ago | 00:44The price of ethereum crashed as low as 10 cents from around $319 in about a second on the GDAX cryptocurrency exchange on Wednesday, a move that is being blamed on a “multimillion dollar market sell” order. It has since rebounded from its flash-crash lows to trade to about $325 on the GDAX exchange. According to industry and price tracking website Coinmarketcap, which takes int


Ethereum crashed from $319 to 10 cents in seconds on one exchange after ‘multimillion dollar’ trade 5 Hours Ago | 00:44The price of ethereum crashed as low as 10 cents from around $319 in about a second on the GDAX cryptocurrency exchange on Wednesday, a move that is being blamed on a “multimillion dollar market sell” order. It has since rebounded from its flash-crash lows to trade to about $325 on the GDAX exchange. According to industry and price tracking website Coinmarketcap, which takes int
Ethereum price crashed from $319 to 10 cents on GDAX after huge trade Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-06-22  Authors: arjun kharpal, chris ratcliffe, bloomberg, getty images
Keywords: news, games, cnbc, companies, gdax, trading, ethereum, dollar, low, cents, 319, multimillion, price, exchange, huge, order, trade, crashed


Ethereum price crashed from $319 to 10 cents on GDAX after huge trade

Ethereum crashed from $319 to 10 cents in seconds on one exchange after ‘multimillion dollar’ trade 5 Hours Ago | 00:44

The price of ethereum crashed as low as 10 cents from around $319 in about a second on the GDAX cryptocurrency exchange on Wednesday, a move that is being blamed on a “multimillion dollar market sell” order.

Ethereum is an alternative digital currency to bitcoin and had been trading as high as $352 on Wednesday. It has since rebounded from its flash-crash lows to trade to about $325 on the GDAX exchange. According to industry and price tracking website Coinmarketcap, which takes into account the price on several exchanges, ethereum was trading around $338.

Adam White, the vice president of GDAX which is run by U.S. firm Coinbase, posted on the exchange’s blog, outlining what took place at around 12:30 p.m. PT on Wednesday. According to White, the multimillion dollar market sell order resulted in a number of orders being filled from $317.81 to $224.48.

As the price continued to fall, another 800 stop loss orders and margin funding liquidations caused ethereum to trade as low as 10 cents.

A stop loss order is a trade that is executed automatically once a security — in this case ethereum — hits a particular price. Margin funding is essentially trading with borrowed funds. Liquidation is when these positions are closed automatically in order to prevent further losses. The knock-on selling effect caused the flash crash on GDAX.

The chart below is a screenshot of the GDAX price showing the high and low price.


Company: cnbc, Activity: cnbc, Date: 2017-06-22  Authors: arjun kharpal, chris ratcliffe, bloomberg, getty images
Keywords: news, games, cnbc, companies, gdax, trading, ethereum, dollar, low, cents, 319, multimillion, price, exchange, huge, order, trade, crashed


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