The Big Story
Elon Musk writes about Part 2 of his Master Plan on the Tesla blog. Stephen Orban comments: “Good leaders provide clarity of purpose and aren’t afraid to break the rules.. i think @elonmusk is pretty amazing.”
SoftBank to pay $32 billion for U.K. ARM Holdings. “Decision by SoftBank to invest in @ARMHoldings shows UK has lost none of its allure to global investors – Britain is open for business,” tweets Philip Hammond.
Unilever to buy Dollar Shave Club for $1 billion, making it the third largest transaction in e-commerce. Tyler Robb sums it up: “$1bn for selling cheap razors, eh? What a freaking glorious exit. Congrats @mrdubin.”
Yahoo made 49 acquisitions under Marissa Mayer. Founders like Eric Lam will miss Yahoo’s shopping spree: “Maybe Marissa Mayer is just a philanthropist who cares about saving us poor ol’ entrepreneurs.”
Every successful founder has brilliant COO backing them up. Or as Dan Christman puts it: “Vision without execution is a wasted opportunity. Behind every successful SV visionary is a brilliant operator.”
A recent study found that employees are more productive when you offer work flexibility. Alan Czysz says “this shouldn’t come as a surprise since nearly half the workforce will be millennials in five years.”