James Altucher

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James Altucher
JamesAltucher.jpg
James Altucher
Born (1968-01-22) January 22, 1968 (age 50)
United States
ResidenceNew York, New York
Alma materCornell University
Carnegie Mellon University
Known forEntrepreneurship, blogging

James Altucher describes himself as an American hedge fund manager, entrepreneur, best-selling author, venture capitalist, and podcaster.[1] He says he has founded or co-founded more than[clarification needed] 20 companies, including Reset Inc. and StockPickr, and failed at 17 of them.[2]

Career[edit]

Altucher graduated from Cornell University with a bachelor's degree in computer science in 1989.[1][3] Altucher's first job after graduating was in the IT department of HBO. At one point, Altucher hosted an HBO program, III:am.[1]

In 1998, Altucher left HBO, sold Reset Inc. for approximately $10 million, and used the proceeds to fund new internet investments.[2] Altucher has said he began this period with $15 million and lost it all in two years, which led him to re-evaluate his approach to both business and life.[2] During this time, Jim Cramer of TheStreet.com hired him to write about stocks, and Altucher began trading for hedge funds.[1]

From 2002–2005, he traded for several hedge funds, and from 2004–2006, he ran a fund of hedge funds.[1]

In 2006, Altucher founded the financial social network StockPickr.[4] The website was named one of Time Magazine's 50 Best Websites of 2007.[5]

In 2017, he moved into advising on cryptocurrency investing,[6] despite having condemned Bitcoin in 2013 as "a fad, or a scam, or a ponzi scheme, or worse."[7]

Altucher was a seed investor in Buddy Media, which later sold to Salesforce.com for $745 million.[1]

On August 31, 2015, Altucher launched a new podcast with Stephen Dubner, co-author of Freakonomics, called Question of the Day, based on questions from Quora.[8]

Dan Dzombak of The Motley Fool named Altucher's book Choose Yourself among the 12 Best Business Books of All Time.[9]

References[edit]

  1. ^ a b c d e f Farzad, Roben. "James Altucher, Wall Street's Keeper of the Pain". Bloomberg. Retrieved 7 September 2012.
  2. ^ a b c Campbell, Colin. "In conversation: James Altucher". Macleans.
  3. ^ Kaufman, Sarah (10 September 2010). "Some say bypassing a higher education is smarter than paying for a degree". Washington Post.
  4. ^ Dealbook (20 November 2007). "Before Stockpickr.com, a Hedge Fund Deal Not Done". New York Times.
  5. ^ Murray Buechner, Maryanne (8 July 2007). "50 Best Websites 2007: Stockpickr". Time.
  6. ^ Wolff-Mann, Ethan (18 January 2016). "Meet the man behind those 'bitcoin genius' ads all over the internet". Yahoo! Finance. Retrieved 2018-01-21.
  7. ^ Mac, Ryan; Lytvynenko, Jane (18 January 2018). "Here's How Scammers Are Using Fake News To Screw With Bitcoin Investors". BuzzFeed News. Retrieved 2018-01-21.
  8. ^ Max Willens (2015-08-31). "Freakonomics Radio's Stephen J. Dubner Talks About His New Podcast 'Question Of The Day'". Ibtimes.com. Retrieved 2016-08-19.
  9. ^ Dzombak, Dan (6 November 2014). "12 Best Business Books of All Time". The Motley Fool.

External links[edit]