The ideas Whitney Wolfe has for success in the future help her run her company the best way. She knows Bumble needs someone who knows what they’re doing and she’s the perfect person for the job. She also knows things change for women in the app dating world and she wants to be there to make those changes better.
The app dating industry saw a lot of changes from the time it started until now. Whitney Wolfe knew this. She also felt things would get better if women played an active role in the app dating world. Since she spent so much time trying to find the best way for the app dating world to work, she knew she had the right idea. She also knew focusing on women could help her make the best choices when it came to her own app. With Bumble, more people have the chance to see positive experiences than they ever did in the past. Read this article at vogue.com to know more about Wolfe.
As long as Bumble continues getting better, more people have the opportunity to enjoy the app dating world. Bumble allows women to make the first move and make sure they maintain control over different situations. Whitney Wolfe knew she wanted Bumble to give women the power and control in app dating. This was something that had never happened in the past and Wolfe made sure the app had everything women needed to feel successful while doing app dating.
Whitney Wolfe also felt things would only get better if more women were active in the industry. She wanted to hire many women to help run the app dating company. Not only did she hire women to handle the menial tasks in the company but she also found female developers who could make the app even better. Her entire company focuses on women and how she can empower them. By hiring women and keeping her office focused on females and their contributions to the app dating world, she’s giving them more power than ever before. It’s the first time in the history of app dating that a company has more females than males.
Seeking Alpha has a popular podcast called Behind the Idea. They recently interviewed Wall Street Hedge Fund Manager Sahm Adrangi who is well-known as a trader that often takes short positions on publically traded firms. On this podcast, they asked about his recent short idea and what types of advanced techniques he and his team at Kerrisdale Capital Management take when it comes to shorting stocks.
There’s been a lot of talk during this long bull market that hedge funds are out of style. The trend is towards index investing where you just own the whole market. Others espouse strategies such as quant or other mechanical approaches to investing. However, as Sahm Adrangi shows there is still plenty of room for a manager who analyzes stocks and companies and then selects among them. He says that he hasn’t had too much difficulty investing long in good stocks and shorting companies that he sees as not delivering.
One of the companies who stock Sahm Adrangi recently shorted is Proteostasis (PTI). He and his analysts went over this firm’s Phase 2 data for their lead drug candidate and saw some big issues with it. This company is trying to develop a drug candidate to treat cystic fibrosis. The lead drug candidate, PTI-428, claimed there was a 5.2 percent increase in lung performance shown in their latest clinical trial. He said this was nonsense and the drug barely did better than a placebo.
The Behind the Idea podcast series also talked about another one of his shorts which was St. Joe. This is a Florida land developer that owns a huge tract of land. The long-time plan for this land is to build a giant residential and commercial development. Sahm Adrangi looked into this land and found out it is desolate swamp land in the middle of nowhere. He says there is absolutely no viable way St. Joe’s plan for this land is going to ever be realized. He said that St. Joe was valued at $1 billion with much of that value based on this land. He sees St. Joe as being nowhere worth that amount of money.