Tag: Billionaire

BusinessInnovationStartups

Top Tech CEOs Share Essential Advice for Aspiring Entrepreneurs and Business Leaders

Airbnb CEO Brian Chesky challenges entrepreneurs with a fundamental question about their company’s purpose. Industry leaders including Jeff Bezos and Howard Schultz share essential career advice for aspiring founders navigating today’s competitive landscape.

The Defining Question Every Entrepreneur Must Answer

Airbnb CEO Brian Chesky has revealed the one question he believes every entrepreneur must confront before building a company: “Why does your company deserve to exist?” According to reports from the Masters of Scale Summit, Chesky shared that the most compelling answer he receives is, “Because if I don’t do it, no one else will.”

by Marcus Linfield
AutomationStartups

Former Luminar CEO Austin Russell Makes Surprise Bid to Acquire Lidar Company He Founded

Billionaire founder Austin Russell has launched a bid to acquire Luminar Technologies five months after being replaced as CEO. The proposed acquisition would involve his new company, Russell AI Labs, purchasing all outstanding shares of the lidar maker according to regulatory filings.

Surprise Acquisition Bid Follows CEO Ouster

Austin Russell, the billionaire founder of lidar company Luminar Technologies, has reportedly made a bid to acquire the company just five months after being replaced as CEO following an ethics inquiry, according to recent SEC filings. The proposed takeover would involve his new venture, Russell AI Labs, purchasing 100% of Luminar’s outstanding Class A Common Stock at an undisclosed price.

by Darren Holt