Binance is expanding its Capital Connect platform, previously reserved for institutions, to allow wealthy individuals meeting a $1 million asset threshold to invest in professional trading strategies. The platform runs on Binance's Portfolio Account system, which manages fees and risk metrics while trading teams handle strategy execution, similar to separately managed accounts in traditional finance. The platform has grown from 106 portfolios and 35 trading teams in May to 212 portfolios and 77 teams by September.
Pershing Square Capital Management CEO Bill Ackman joined a conversation moderated by Mansueto Ventures' Stephanie Mehta to discuss how design shapes business outcomes and what the future of design might look like. The session, titled 'The Business of Design—and the Design of the Future,' explored the intersection of investment strategy and design thinking.
An Entrepreneur contributor explains that many startups fail not from lack of profit but from running out of cash, a pattern dubbed the growth paradox. Rapid expansion forces companies to pay upfront for hiring, inventory and fulfillment while customer payments lag 30 to 90 days behind, draining bank accounts even as income statements look strong.
Evvy, a women's health startup, has closed a $40 million Series B funding round led by Catalio Capital Management. The company operates an at-home vaginal microbiome test that uses mNGS sequencing, serving over 100,000 patients and 3,000 practitioners across the US, and has produced 15 peer-reviewed publications from its data.
Fleet Device Management has been admitted to Project Glasswing, Anthropic's controlled-access program for its Claude Mythos Preview model. Fleet will use the early access to explore how frontier AI could help IT teams detect and remediate device vulnerabilities faster, aiming to shrink the delay between when threats appear and when organizations patch them.
A software engineering essay makes the case for proactively doing other people's jobs when they won't act themselves, citing Intel engineers who reportedly added 32-bit CPU support directly into Microsoft's compiler rather than waiting for Microsoft to do it. The piece extends this logic to dealing with unresponsive managers and slow-moving 'Scaled Agile' planning processes, suggesting direct patches often beat waiting for bureaucratic scheduling.
Gene Moody, Field CTO at Action1, argues that IT teams face an unsustainable mismatch between the growing volume of software patches and the shrinking time available to test them, forcing many organizations to skip review steps and push updates straight to production. He warns that simply automating patch deployment to go faster does not solve the underlying problem, since automation can propagate a bad update across thousands of endpoints just as quickly as a good one.
A leadership commentary argues that the popular advice to treat all team members identically is misguided, even though it stems from good intentions around avoiding bias and favoritism. Instead, it suggests leaders should adapt their approach based on each person's unique circumstances, skills, and needs.
Bradley Chambers argues that traditional software update cycles, like quarterly patches or annual macOS releases, are becoming obsolete as AI tools help attackers discover vulnerabilities faster. He outlines that IT teams now need a three-part strategy for patch management, starting with retraining end users to accept more frequent, less optional updates.
Insurers and reinsurers are exploring catastrophe bonds to help cover the massive, geographically concentrated value of hyperscale data centers, many of which sit in hurricane- and flood-prone regions. Industry experts told CNBC that while no dedicated data center cat bond has yet been issued, activity is building one step upstream through reinsurance vehicles like quota shares and sidecars as firms work out pricing and capacity.
An account of a manager named Cheryl illustrates a common organizational hazard: after losing two team members in layoffs, her product marketing lead quit for a competitor, and shortly after she was told to cut two more roles. The pattern highlights how organizations can become dangerously dependent on a handful of critical employees whose departure or removal destabilizes operations.
Meta has asked some employees who were previously demoted from management positions to return to managerial roles, according to a Business Insider report. The move comes after the company's widely publicized push earlier this year to flatten its organizational structure by cutting middle management jobs.
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