James Altucher

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James Altucher
James-0144.jpg
James Altucher
Born (1968-01-22) January 22, 1968 (age 51)
United States
ResidenceNew York, New York
Alma materCornell University
Carnegie Mellon University
Known forEntrepreneurship, blogging

James Altucher is an American hedge fund manager, entrepreneur, bestselling author, venture capitalist and podcaster. He has founded or cofounded more than 20 companies.[citation needed] He has published 20 books, and he is a contributor to publications including The Financial Times and The Huffington Post.

Career[edit]

Altucher graduated from Cornell University with a bachelor's degree in computer science in 1989.[1][2] 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.[3] 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.[3] 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] However, in May, 2013, he built a store to sell his book, "Choose Yourself" for Bitcoin a month before he released it on Amazon. He was interviewed by Business Insider about this and why he reversed his stance on Bitcoin. [8]

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.[9]

References[edit]

  1. ^ a b c d e Farzad, Roben. "James Altucher, Wall Street's Keeper of the Pain". Bloomberg. Retrieved 7 September 2012.
  2. ^ Kaufman, Sarah (10 September 2010). "Some say bypassing a higher education is smarter than paying for a degree". Washington Post.
  3. ^ a b Campbell, Colin. "In conversation: James Altucher". Macleans.
  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. ^ "This Guy Is Selling His Book Exclusively Via Bitcoin". Business Insider. Retrieved 2018-12-02.
  9. ^ 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.

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