When Jason Raznick set out to create an online financial service to help the average investor, he didn’t gravitate to New York City’s center of global finance. He launched it from his basement in Birmingham, Michigan. Recognizing the need for a service that delivers quality investment information to people who don’t have a Wall Streeter’s access to real-time data, he figured his hometown was as good a place as any to get started. Now operating in Detroit, Benzinga continues to grow its audience as the rise of community-based, social investing continues to transform the industry. More
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MBA Talent Turns from Wall Street to Tech
More graduates from Harvard Business School are going into technology, preliminary career data published by the school shows. Technology companies hired 18 percent of MBA graduates from the class of 2013, up from 7 percent in 2008 and 12 percent in 2012. Financial service companies hired only 27 percent of the graduating class, down from 45 percent in 2008 and 35 percent in 2012. More
The Sector-Based Approach to Impact Investing
Want to change the world, or at least an industry? To spark and nurture social change, impact investors need to focus on whole sectors rather than individual firms, writes Omidyar Network in a recent report. Omidyar Network is a philanthropic investment firm that invests in both for-profit and non-profit organizations. It is focused on fostering economic advancement; areas of investment include microfinance, low-cost education for the poor, and mobile payment platforms. More
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