Good day bump! This is Dan DeFrancesco register from proud owners of Group B second place in the World Cup!
Today we have stories on a former top Wall Street executive’s new gighow a VC has established itself as a key player in NYCand why FTX might be full of parrot heads.
But first, let’s talk about some synergies.
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Noah Berger/Getty Images for Amazon Web Services
1. The new-age consultant.
Management consultants, you have been warned. There are new children in the neighborhood.
Public cloud providers are quickly building teams to help leaders rethink how different parts of their business can be organized through the cloud.
Insider’s Bianca Chan explored this trend with an article on how cloud providers like AWS, Microsoft Azure, and Google Cloud reinvent themselves as business consultants.
The inspiration for Bianca’s article was a recent comment from AWS CEO Adam Selipsky about how leaders are more interested in talking about transformation than technology.
“Digital transformation is moving to the cloud, which is driving organizational change and people are saying, ‘How should I organize my business? And I can see my culture changing, how can I proactively shape that?'” Selipsky said in a recent interview with SiliconANGLE.
Many of the larger cloud providers have set up teams focused on interfacing with the C suite to advise them on how moving to the cloud can be an opportunity to redesign things.
It’s not hard to see how this could become big business for cloud providers. If a company is committed to migrating to the cloud, why not take the opportunity to re-evaluate the way it does business?
Most businesses these days aren’t going for a lift-and-shift approach in which they simply move things that were on physical servers to the cloud. Instead, migrations are seen as a chance to reset, as Bianca explains in her article.
And if they wanted to make changes, who better than the people who know the technology best?
Cloud providers still have a long way to go to be a real threat to consultants, but there is potential there. Let’s not forget that AWS started as a small side business.
In other news:
Getty
2. Well, well, if these are not the consequences of my actions. Finance influencers are going after their fans for promoting companies that ended up caught in the FTX debacle. That’s how some people react.
3. FTX had too many cheeseburgers in heaven. New documents from FTX’s bankruptcy filing, which is the gift that keeps on giving, show the company owes $55,000 to Jimmy Buffett’s Bahamas resort, Margaritaville. Here’s how FTX got lost in Margaritaville again.
4. Tom Montag is back in the game. The former Bank of America chief operating officer has been tapped to lead TPG’s new carbon credit business alongside fellow BofA vet Anne Finucane, who was vice president at the bank, Axios reports. Learn more here.
5. A major Wall Street trading firm is suing its regulator. Virtu is suing the U.S. Securities and Exchange Commission for details of its process for rewriting stock trading rules, Bloomberg reports. More info on Virtu’s costume here.
6. What started as an idea over a beer with friends in college has turned into a key player in venture capital in New York. Inside the rise of Eniac Ventures, which was an early investor in Airbnb, SoundCloud and Hinge. Click here to read our profile.
7. Meet the PR people bringing attention to luxury real estate. These publicists play a key role in attracting the attention of uberwealthy for high-end homes. Check out our list of 13 PR experts.
8. Fantasy football for movie buffs. This start-up production company solicits funds from everyday investors and gives them the power to vote on the films it pursues. Here is his pitch deck.
9. A lawyer accused of helping Robert F. Smith evade taxes died just before he was due to stand trial. Carlos Kepke, who was 83, was facing federal charges of conspiracy to defraud the IRS, Bloomberg reports.
10. So you want to be a cowboy? For $131 a night on Airbnb, this ranch outside of Las Vegas offers horseback riding, ax throwing and cattle driving. Check out photos of Sandy Valley Ranch here.
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Edited by Jeffrey Cane (tweet @jeffrey_cane) in New York and Hallam Bullock (tweet @hallam_bullock) in London.
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