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The math behind Silicon Valley’s  millionaire factory

New Levels.fyi analyses show how equity grants at frontier tech companies have turned into life-changing sums.A SpaceX Software Engineer II offer from August 2022 included a $155,000 salary and a $365,000 equity grant that vested over five years. At SpaceX’s IPO valuation, that grant is estimated to be worth more than $4 million, assuming it was held.At Anthropic, engineers who joined in 2023 may now be sitting on equity worth tens of millions of dollars…

Finance news

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KFC’s design chief says brands are too obsessed with Gen Z

Every brand wants Gen Z to think it’s cool. KFC’s design chief thinks that’s the wrong goal.”It’s all about Gen Z, Gen Z, Gen Z,” Christophe Poirier, KFC’s global chief concept officer, told Business Insider.As KFC rolls out a sweeping global overhaul spanning new menu items, drinks, restaurant designs, and…

Business

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JPMorgan, Citigroup Named in DOJ Probe of Iran Leader’s Business Network

The Department of Justice is investigating transactions tied to a business network linked to Iranian Supreme Leader Mojtaba Khamenei that reportedly had exposure to major U.S. financial institutions, according to a Bloomberg News report. Bloomberg reported federal investigators are examining how companies connected to Khamenei built a global investment portfolio…

Markets

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Ukraine’s war robots are surging into the kill zone

KYIV REGION, Ukraine — Near the front lines in eastern Ukraine, a routine supply run can be a death sentence.Mines, artillery, and drone-saturated skies have expanded the kill zone, threatening soldiers carrying food or ammunition to troops in the trenches. “If you send a human driver to deliver such things,…

Investing

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