Forbes US - February - March 2023
In this issue
A New Hope
To boost more talented Black executives into the stratosphere of American business, Ariel Investments’ Mellody Hobson plans to install them at the top of existing businesses—and connect them with the customers and capital to succeed.
By Maneet Ahuja and Hank Tucker
Fintech’s Judgment Day
The funding frenzy is over. Dozens of once-promising financial startups are now chasing too few customers and starving for cash. For most, it’s either merge or perish.
By Jeff Kauflin and Emily Mason
GOLDEN GOALS
Months after winning the 2022 Major League Soccer Cup, the Los Angeles Football Club is MLS' first billion-dollar franchise. And with more than a dozen billionaire owners in the league, it won't be the last.
4 mins
HOT STUFF
Forty-five years after arriving in the U.S. as a refugee from Vietnam, David Tran has built Sriracha into a billion-dollar business.
2 mins
The Nuclear Option
Old-fashioned fission may be the best way to wean the world off fossil fuels. So BRET KUGELMASS wants to deploy 10,000 inexpensive, off-the-shelf microreactors- but not in America.
6 mins
Unrisky Business
Megadeals and private equity titans may dominate the headlines, but ARES MANAGEMENT has quietly amassed $341 billion in assets by offering steady returns regardless of what happens in the stock market.
3 mins
The Dry Life
ATHLETIC BREWING's Bill Shufelt and John Walker are making nonalcoholic beer tasty enough to please the biggest suds snobs. And with a nearly $500 million valuation, the six-year-old startup has investors intoxicated.
8 mins
Shareholders of the World, Unite
Most investors are passive bystanders in boardroom battles. TUMELO wants to get them involved-and take fund managers out of the ideological crossfire.
4 mins
A New Hope
To boost more talented black executives into the stratosphere of american business, Ariel Investments' Mellody Hobson plans to install them at the top of existing businesses-and connect them with the customers and capital to succeed.
10+ mins
THE A.I. ERA BEGINS RIGHT NOW
THE TREND While the world buzzes about ChatGPT's astonishing writing abilities, the next generation of business tools is forming, amid a shift that could prove as transformative as the internet.
10+ mins
FinTech's Judgment Day
THE FUNDING FRENZY IS OVER. DOZENS OF ONCE-PROMISING FINANCIAL STARTUPS ARE NOW CHASING TOO FEW CUSTOMERS AND STARVING FOR CASH. FOR MOST, IT'S EITHER MERGE OR PERISH.
8 mins
IN BLOCKCHAIN THEY TRUST
Crypto is in crisis, but many of the world's biggest financial institutions are still banking on the underlying tech as the best way to build confidence with customers-and with one another.
5 mins
Forbes US Magazine Description:
Publisher: Forbes
Category: Business
Language: English
Frequency: Bi-Monthly
Forbes is an American business magazine published by Forbes. It is one of the most respected business magazines in the world and has been in publication since 1917.
The magazine covers a wide range of topics related to business, including news, investing, entrepreneurship, and personal finance. It also publishes rankings of the world's richest people and companies.
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