Category Archives: CEO

Sahm Adrangi Shorts Proteostasis Therapeutics

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Sahm Adrangi is a sell side trader that corporate executive do not want to encounter under most, if not all, circumstances. Adrangi runs a hedge fund called Kerrisdale Capital, which manages $180 million of investor funds. Andragi has made his reputation as an activist short seller, detecting corporate irregularities, shorting the shares and then calling attention to a company’s issues by releasing a report, or sending a tweet. Adrangi earned fame, and fortune to boot, by being at the forefront of a wave of short selling that called attention to fraudulent practices of Chinese companies with United States listed securities.

Recently, Sahm Adrangi issued a negative report on shares of Proteostasis Therapeutics, explaining his decision to sell short shares in the company. Proteostasis is a biotechnical company whose product is in the clinical stage. Its main drug is PTI-428, which is intended to treat cystic fibrosis that results from genetic disorders.

Sahm Adrangi’s short thesis for this company is that the Phase Two test results of this drug are not nearly as optimistic as they seem on the surface, as the success only results from favorable comparison to placebo patients, as opposed to any improvement in the patients’ conditions. He believes that the drug is actually ineffective, and that investors misinterpreted the results of the testing. Andragi was particularly disturbed by Proteostasis Therapeutics’ decision to issue nine million additional shares shortly after the release of the Phase Two trial results.

Further, Sahm Adrangi concludes that Proteostasis Therapeutics has a track record of selectively releasing study data, emphasizing the findings that present it in a positive light, while burying data that would reflect poorly upon it. Adrangi maintains that there are other results from tests that the company has performed that are not in the public domain and, if known, would cause investors to cast doubt on PTI-428’s efficacy. Beyond the ineffectiveness of PTI-428, Sahm Adrangi argues that Proteostasis Therapeutics has little in its pipeline of future drugs that would prevent the stock price from realizing a drop of at least 70%.

https://www.crunchbase.com/person/sahm-adrangi

Shervin Pishevar Discusses Several Scary Concepts In His Tweet Storm

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One of the most successful venture capitalists in Silicon Valley is Shervin Pishevar. His investment firm has been responsible for some of the most prominent businesses arising from the tech sector. He has worked on numerous projects including Airbnb, Uber and WebOS. Shervin Pishevar recently started a tweet storm that lasted for 21 full hours. His tweets covered many different topics such as the debt currently expanding within the United States. Some of his tweets made it clear he feels the United States debt markets are becoming overheated.

He talked about the record lows of the bond yields and corporations currently borrowing a lot of money. Shervin Pishevar issued a warning to investors that there may not be any safe asset classes left. He stated yields have been driven so far down by the Federal Reserve he believes it is unlikely bonds are going to be productive in the future and the returns will be dismal. Shervin Pishevar believes the amount of money corporations have been borrowing throughout the country to buyback their stock has caused extremely high inflation within the equity markets. He said it is nearly the highest valuation he has ever witnessed.

Shervin Pishevar mentioned stock portfolios when he tweeted about asset inflation. He believes the returns in the future will decrease as low as two or three percent during the next several decades. This is not going to leave the investors with very many good options. He said the valuations in the real estate market were historically extremely high. He said this was due to easy credit the Federal Reserve created with their expansionary policies. He stated the value of a home is only what a bank agrees to lend. All over the country, historically inflated amounts have been provided by the banks so people could buy residential real estate.

Shervin Pishevar does not believe cash is safe in the current environment. He believes the enormous deficits created by the federal government combined with the mandatory and consistent entitlement programs will leave the government no option in the future but to cover the shortfalls in the budget by printing money.

https://www.brainyquote.com/authors/shervin_pishevar

Learn More About Aloha Construction

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Who Are The Elite Aloha Construction Professionals?

There are many roofing and siding professionals in the southern Illinois area, competing for your business, but an Aloha professional can provide fast and courteous service. They’re an elite family owned corporation that offers excellent in-house finance options. Choose from a superior team of professionals that offer their clients personalized services. Schedule a free consultation to discuss your insurance claim. Their certified professionals are there to help you make repairs after a storm with fast courteous service. Contact one of their highly trained roofing and siding professionals for your home remodeling needs.

Aloha Siding Services

Aloha Construction professionals are your southern Illinois siding experts. Their customers have an opportunity to receive a free estimate with actual sample material available. They understand faulty siding on your home can increase your monthly utilities and should be repaired fast. Choose from materials like vinyl, aluminum, and many other siding style types. You can get a craftsmanship guarantee on all your material and labor with Aloha. They will access your siding needs, and recommend a solution with your total inclusion on all intended services.

Aloha Roofing Services

Does your roof have missing shingles? Are you noticing pests in the attic of your home? An Aloha professional can access your roofing needs to find out where pest are entering your home. In fact, they use neighborhood friendly material to build smart communities. You can choose from concrete, cedar oak, asphalt roofing material, and much more. Don’t let a bad winter storm cause a roofing emergency with the help of an Aloha Construction professional. A damaged roof can also decrease the value of your home. Don’t get an estimate valued at less than what your home is worth because of a faulty roof by calling an Aloha professional.

You’re also invited to a free no obligation estimate by calling an Aloha Construction professional during normal business hours. They reign supreme during a storm. Trust the roofing and siding experts at Aloha for your needs.

https://www.mapquest.com/us/illinois/aloha-construction-262561780

Dr. Mark McKenna shares His Secrets of success in Entrepreneurship

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Dr. Mark McKenna is the founder and CEO of OVME, medical aesthetics company. He is a fully registered medical professional specializing in surgery and medicine. Dr. McKenna attended Tulane University Medical School.

Recently, Dr. McKenna was interviewed by IdeaMensch where he shed light on the source his idea for OVME and other aspects of his life. The idea for his company that is revolutionizing elective healthcare was conceived out of the extensive experience he acquired while working in the medical aesthetics industry. During his practice, he spotted many business opportunities the industry presented. This prompted him to put one of the business ideas he had in mind, which led to the founding of OVME.

According to Dr. McKenna, setting goals and meditation on a regular basis is the best way of actualizing ideas. Moreover, reading extensively and surrounding yourself with bright minds can significantly boost your chances of success in business.

Dr. McKenna points out that having a workable schedule increases your productivity. For him, he gets out of bed at 6:30 am, haves breakfast with his daughter, then he showers and leaves for work at 8 am. His workday normally ends at 6 pm when he returns home for dinner after which he heads to the gym until 9 pm.

During the interview, Dr. McKenna was generous enough to share business ideas he has in mind. He advised aspiring entrepreneurs to try their hands on retailing brick and mortar crypto currency to cash exchanges. Additionally, he encouraged them to read a book titled Think and grow rich that is authored by Napoleon Hill.

In 2013, Dr. McKenna was featured in Doctorpreneur, a CBS television show that is created and produced by Dr. Jeff Gallups and Cliff Oxford, who are also Doctorpreneurs. The program focuses on the entrepreneurship side of medicine.

His Twitter Profile: https://twitter.com/drmarkmckenna

Whitney Wolfe’s Bumble Opens A Physical Space In New York City

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Bumble is set to become the first dating app to have a brick-and-mortar storefront. In a recent press release, the company announced that it will open its first physical space in New York City. The pop-up space will act as a place for dates to meet and know each other more. The space will be open to the fans of Bumble and anyone interested in hanging out.

The space is specially designed to bring out the Bumble’s unique flavor. It is also the company’s first step towards formalizing the Bumble community. The move comes at a time when some dating apps are considered taboo by the society. According to Whitney Wolfe, the brand is now more than just a dating app. The public will be proud to be associated with it. Whitney is the app’s founder.

The creation of a Bumble physical space also integrated with the company’s plan of expanding BumbleBIZZ. Through the unit, the brand hopes to venture into professional and social networking. Individuals who are not in need of a date can use BumbleBIZZ as they may be looking for business partners or friends to join their circles.

The Bumble physical space will be open for the next one month. In this period, couples will be free to visit it for a date, while friends can visit to hang out during the week. The space will also host other events. Wolfe will be hoisting a panel of the founders of the Skimm at the property. In addition, Drybar will host an event at the space. This will be followed by another event by Forbes’s Mentor and Mingle session.

About Whitney Wolfe
Whitney Wolfe is a revered American executive and a shrewd entrepreneur. She is the chief executive officer of Bumble, a dating app. The entrepreneur is also the brain behind Tinder. Wolfe’s business success has seen Forbes name her in its 2017 list of Forbes 30 Under 30. In 2016, she was named in Elle’s Women in Tech.

Over the years, Whitney Wolfe launched Bumble in 2014. The dating app has gained popularity. Presently, it has over 11.5 million users. The other brands that are owned by the company include BumbleBizz and BumbleFF. Whitney Wolfe was born in Salt Lake City, Utah. She holds a degree in International Studies from Southern Methodist University.

Scott Rocklage Takes 5Am Venture to New Heights

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Scott M. Rocklage is a managing partner at 5AM Ventures and based out of Boston, Massachusetts. He was hired by the company in 2003 as a Venture Partner before he was promoted to his current position a year later in 2004. Learn more about Scott Rocklage: http://www.rennovia.com/team/scott-m-rocklage/

In the past he studied at both the University of California, Berkeley Campus and the Massachusetts Institute of Technology where he earned a Bachelors Degree in Chemistry and a PhD in Chemistry respectively. In addition to everything he learned from college, Rocklage also has over three decades of experience in healthcare management. This experience was used to gain FDA approval of the U.S. New Drug Applications for Omniscan, Teslascan and Cubicin. Read more: Scott Racklage | Crunchbase

Before becoming a managing partner for 5AM Ventures, Scott Rocklage served and continues to serve as the CEO and Chairman of Cubist Pharmaceuticals, the CEO and President of Nycomed Salutar, the Board Chairman of Cidara, Rennovia and Kinestral and Board Member of Epirus and Pulmatrix.

He has also been a driving force behind companies such as Catalytica, Relypsa, Miikana, Semprus, Ilypsa and Novira. When he is not completing his duties as a Board Member or as a managing partner Rocklage enjoys inventing. He has been part of over 30 U.S. patents and has over 100 peer-reviewed publications.

Scott Rocklage created 5AM Ventures to put everything he has learned to good use. The inspiration to start his own company came from his love of all things science and his background in capital ventures. Each day at 5AM Ventures is a new adventure. Some days are spent delving into new studies in the fields of chemistry and other life sciences while others are working with prospective companies by looking over their portfolios or teaching their management teams.

Rocklage also attends numerous 5AM Venture Board meetings, which are a common occurrence for a company that is still growing. Rocklage hopes that by combining all of these factors his company can really make a difference in the world. His biggest ambition is for 5AM Venture to be part of the team that is able to target specific mutations or genotypes in an attempt to find a cure for cancer.

Learn more about Scott Rocklage: http://chemistry.mit.edu/scott-rocklage-phd-2-and-his-wife-patty-are-celebrated-their-major-gift