Latest news with #MEV
Yahoo
12-04-2025
- Business
- Yahoo
Cofounder of $12 billion crypto company says Gen Z new hires ‘create an absurd amount of chaos' and make him want to pull his hair out—but he's betting on them anyway
Paradigm CEO Matt Huang feels like he's 'running the X-Men Academy'. While other leaders complain about their Gen Z new hires, the $12 billion crypto company chief is going against the grain and promoting them into the C-suite. It's no secret that Gen Z often gets flak for showing up late to work, ghosting job interviews, refusing to do put in any overtime for free, and demanding senior titles and work-life balance before they've really earned it. Some bosses are fed up—firing fresh-faced Gen Z grads just months in and branding the whole cohort 'unprofessional.' Even Gen Z workers have described themselves as the hardest generation to work with. 'They create an absurd amount of chaos sometimes and you want to pull your hair out,' echoes Matt Huang, the cofounder of the $12 billion crypto investment firm Paradigm. 'But then you see what they can do and it's like, holy crap,' he told Colossus Review. 'Nobody else in the world could do that.' Case in point: Paradigm's first hire, Charlie Noyes, was a 19-year-old MIT dropout who walked into his first 10 a.m. meeting five hours late. Fast forward to today, and Noyes is a general partner at the crypto company at just 25. In 2020, Noyes was the one who saw MEV as a critical blockchain issue, leading Paradigm to become the lead investor in Flashbots—a company whose infrastructure now touches nearly every transaction on Ethereum and has established key market rules in the $450 billion ecosystem. And Noyes isn't the only bright young mind making waves at Paradigm. Georgios Konstantopoulos, the firm's CTO, joined the company just two years after graduating college in 2018 and has since become one of crypto's most prolific engineers. Then there's the developer known only by his Discord handle, transmissions11, whom Paradigm reportedly found while he was still in high school. 'Sometimes I feel like I'm running the X-Men Academy,' Huang jokes, referencing the eccentric minds on his team—young mutants whose exceptional skills make all the chaos worth it. Fortune has reached out to Huang for comment. Like most generations did before them—millennials will remember being labeled work-shy snowflakes before climbing the corporate ranks into management—Gen Zers have gained a reputation for being difficult to work with. A survey of more than 960 employers from Intelligent revealed that one in six companies were hesitant to hire a Gen Z worker. But the same research that describes the youngest generation of workers as the hardest to work with, also notes that much is to be learned from them—and that perhaps the corporate world is long overdue a shakeup. 'They bring a unique blend of talent and bold ideas that can rejuvenate any workforce,' wrote Geoffrey Scott, senior hiring manager at Resume Genius. 'Gen Zers might have a bad rep, but they have the power to transform workplaces for the better.' Because if companies don't adapt, they risk getting left behind. Tobba Vigfusdottir, a psychologist and the CEO of Kara Connect, a workplace well-being platform, recently told Fortune that employers need to bend to Gen Z's desires (read: flexible work policies, sustainability pledges and purpose-driven work) if they want to stay competitive after the baby boomers retire. 'Companies really need to wake up and smell the coffee,' Vigfusdottir warned. 'The companies that will survive are listening and letting them in, because they're changing things.' Huang's not the only future-thinking leader betting on the disruptive energy of Gen Z. The multimillionaire rapper and songwriter and Thrive Capital's founder Josh Kushner are betting on the bright young minds of tomorrow too. In fact, Kushner previously told Fortune he specifically likes to hire people with less than 4 years of industry experience. When he launched the venture capital firm at just 26, he faced pressure to bring in older, more seasoned hires. But, as he put it, 'anyone who has experience that is talented will never want to work with a 26-year-old.' So, instead, he recruited the 'smartest people that we knew who were our ages.' And that bet paid off: His firm made early investments in startups worth billions, including OpenAI, which was recently valued at $300 billion. These days, Kushner could easily hire industry veterans with glowing résumés—but he'd still rather 'find that young, hungry person who's willing to run through walls like we were ten years ago.' has reached a similar conclusion. The Grammy-winning Black Eyed Peas frontman might be best known for his chart-topping hits, but behind the scenes, he's a serious investor too. He backed Tesla, OpenAI, and Pinterest before they became household names—and now, he's betting on Gen Z for his next investment. Why? He believes the next big breakthroughs in tech will come from young innovators at MIT and Stanford. 'They're young kids, and they're native to this,' told Fortune. 'So you want to hunt for that. That's the only thing I'm focused on.' This story was originally featured on Sign in to access your portfolio
Broadcast Pro
11-04-2025
- Business
- Broadcast Pro
Intelsat completes satellite life-extension mission
Intelsat partnered with Northrop Grumman on a second mission in 2021, using MEV-2 to extend the life of Intelsat 10-02. Intelsat has become the first and only satellite operator to complete a satellite life-extension mission. The Mission Extension Vehicle (MEV) added five years of reliable service and global connectivity to the Intelsat 901 (IS-901) satellite and its customers. Jean-Luc Froeliger, SVP of Space Systems, Intelsat, said: 'The MEV mission proved that in-orbit servicing enhances satellite sustainability and efficiency in space. We were able to provide five additional years of reliable service to our Network, Media and Mobility customers and paved the way for future advancements in satellite servicing.' The worlds first MEV, developed by Northrop Grumman Corporations Space Logistics LLC, successfully detached from IS-901 after moving the satellite to the graveyard orbit, where the satellite will be decommissioned after nearly 24 years of service. The MEV first docked with IS-901 in February of 2020 nearly 19 years after the satellite was first launched. Geostationary satellites use propellant to remain at a specific orbital location, relocate to a new location or eventually be moved to a graveyard orbit. The MEV has its own propellant and thrusters that operate independently of the satellite. Through in-orbit docking, the MEV allows Intelsat to extend the life of a satellite by several years when the original propellant of that satellite has been depleted. Froeliger added: 'Using the MEV to extend the life of IS-901 was a great commercial success for our customers, as well as a historic technical achievement. We had to do a rendezvous and approach of two spacecraft moving at 3km per second.' Following this success, Intelsat partnered with Northrop Grumman on a second mission in 2021, using MEV-2 to extend the life of Intelsat 10-02, a combination that remains operational today. Intelsat continues to seek out and invest in next-generation satellite life-extension projects and other innovation setting the stage for continued advancements and enabling emerging space companies to shape the future of the industry.
Yahoo
10-04-2025
- Business
- Yahoo
Co-founder of $12 billion crypto company says Gen Z new hires ‘create an absurd amount of chaos' and make him want to pull his hair out—but he's betting on them anyway
Paradigm CEO Matt Huang feels like he's 'running the X-Men Academy'. While other leaders complain about their Gen Z new hires, the $12 billion crypto company chief is going against the grain and promoting them into the C-suite. It's no secret that Gen Z often gets flak for showing up late to work, ghosting job interviews, refusing to do put in any overtime for free, and demanding senior titles and work-life balance before they've really earned it. Some bosses are fed up—firing fresh-faced Gen Z grads just months in and branding the whole cohort 'unprofessional.' Even Gen Z workers have described themselves as the hardest generation to work with. 'They create an absurd amount of chaos sometimes and you want to pull your hair out,' echoes Matt Huang, the cofounder of the $12 billion crypto investment firm Paradigm. 'But then you see what they can do and it's like, holy crap,' he told Colossus Review. 'Nobody else in the world could do that.' Case in point: Paradigm's first hire, Charlie Noyes, was a 19-year-old MIT dropout who walked into his first 10 a.m. meeting five hours late. Fast forward to today, and Noyes is a general partner at the crypto company at just 25. He identified MEV as a pivotal blockchain issue in 2020 and became the lead investor in Flashbots, whose infrastructure now touches nearly every transaction on Ethereum and has established critical market rules for the $450 billion ecosystem. In 2020, Noyes was the one who saw MEV as a critical blockchain issue, leading Paradigm to become the lead investor in Flashbots—a company whose infrastructure now touches nearly every transaction on Ethereum and has established key market rules in the $450 billion ecosystem. And Noyes isn't the only bright young mind making waves at Paradigm. Georgios Konstantopoulos, the firm's CTO, joined the company just two years after graduating college in 2018 and has since become one of crypto's most prolific engineers. Then there's the developer known only by his Discord handle, transmissions11, whom Paradigm reportedly found while he was still in high school. 'Sometimes I feel like I'm running the X-Men Academy,' Huang jokes, referencing the eccentric minds on his team—young mutants whose exceptional skills make all the chaos worth it. Fortune has reached out to Huang for comment. Like most generations did before them—millennials will remember being labeled work-shy snowflakes before climbing the corporate ranks into management—Gen Zers have gained a reputation for being difficult to work with. A survey of more than 960 employers from Intelligent revealed that one in six companies were hesitant to hire a Gen Z worker. But the same research that describes the youngest generation of workers as the hardest to work with, also notes that much is to be learned from them—and that perhaps the corporate world is long overdue a shakeup. 'They bring a unique blend of talent and bold ideas that can rejuvenate any workforce,' wrote Geoffrey Scott, senior hiring manager at Resume Genius. 'Gen Zers might have a bad rep, but they have the power to transform workplaces for the better.' Because if companies don't adapt, they risk getting left behind. Tobba Vigfusdottir, a psychologist and the CEO of Kara Connect, a workplace well-being platform, recently told Fortune that employers need to bend to Gen Z's desires (read: flexible work policies, sustainability pledges and purpose-driven work) if they want to stay competitive after the baby boomers retire. 'Companies really need to wake up and smell the coffee,' Vigfusdottir warned. 'The companies that will survive are listening and letting them in, because they're changing things.' Huang's not the only future-thinking leader betting on the disruptive energy of Gen Z. The multimillionaire rapper and songwriter and Thrive Capital's founder Josh Kushner are betting on the bright young minds of tomorrow too. In fact, Kushner previously told Fortune he specifically likes to hire people with less than 4 years of industry experience. When he launched the venture capital firm at just 26, he faced pressure to bring in older, more seasoned hires. But, as he put it, 'anyone who has experience that is talented will never want to work with a 26-year-old.' So, instead, he recruited the 'smartest people that we knew who were our ages.' And that bet paid off: His firm made early investments in startups worth billions, including OpenAI, which was recently valued at $300 billion. These days, Kushner could easily hire industry veterans with glowing résumés—but he'd still rather 'find that young, hungry person who's willing to run through walls like we were ten years ago.' has reached a similar conclusion. The Grammy-winning Black Eyed Peas frontman might be best known for his chart-topping hits, but behind the scenes, he's a serious investor too. He backed Tesla, OpenAI, and Pinterest before they became household names—and now, he's betting on Gen Z for his next investment. Why? He believes the next big breakthroughs in tech will come from young innovators at MIT and Stanford. 'They're young kids, and they're native to this,' told Fortune. 'So you want to hunt for that. That's the only thing I'm focused on.' This story was originally featured on Sign in to access your portfolio
Associated Press
09-04-2025
- Business
- Associated Press
Intelsat Completes Satellite Life-Extension Mission, Makes Space History
MCLEAN, Va.--(BUSINESS WIRE)--Apr 9, 2025-- Intelsat, operator of one of the world's largest integrated satellite and terrestrial networks, became the first and only satellite operator to complete a life-extension mission adding five years of valuable service to the Intelsat 901 (IS-901) satellite and its many customers, providing extended reliable and global connectivity. This press release features multimedia. View the full release here: Mission Extension Vehicle 1 (MEV-1) safely departs from Intelsat 901 (IS-901) in the Geosynchronous Earth Orbit (GEO) after providing five years of life extension service. The earth is visible in the background as well as MEV-1's docking mechanism on the right. (Courtesy: Northrop Grumman's Space Logistics). ' The MEV mission proved that in-orbit servicing enhances satellite sustainability and efficiency in space,' said Jean-Luc Froeliger, SVP of Space Systems, Intelsat. 'We were able to provide five additional years of reliable service to our Network, Media and Mobility customers and paved the way for future advancements in satellite servicing.' The world's first Mission Extension Vehicle (MEV), developed by Northrop Grumman Corporation's (NYSE: NOC) Space Logistics LLC, successfully detached from IS-901 after moving the satellite to the graveyard orbit, where the satellite will be decommissioned after nearly 24 years of service. The MEV first docked with IS-901 in February of 2020 nearly 19 years after the satellite was first launched. Geostationary satellites use propellant to remain at a specific orbital location, relocate to a new location or eventually be moved to a graveyard orbit. The MEV has its own propellant and thrusters that operate independently of the satellite. Through in-orbit docking, the MEV allows Intelsat to extend the life of a satellite by several years when the original propellant of that satellite has been depleted. 'Using the MEV to extend the life of IS-901 was a great commercial success for our customers, as well as a historic technical achievement,' Froeliger said. 'We had to do a rendezvous and approach of two spacecraft moving at 3km per second,' Froeliger said. Following this success, Intelsat partnered with Northrop Grumman on a second mission in 2021, using MEV-2 to extend the life of Intelsat 10-02, a combination that remains operational today. Intelsat continues to seek out and invest in next-generation satellite life-extension projects and other innovation setting the stage for continued advancements and enabling emerging space companies to shape the future of the industry. About Intelsat Intelsat's global team of professionals is focused on providing seamless and secure, satellite-based communications to government, NGO and commercial customers through the company's next-generation worldwide network and managed services. Bridging the digital divide by operating one of the world's largest and most advanced satellite fleet and connectivity infrastructures, Intelsat enables people and their tools to speak over oceans, see across continents and listen through the skies to communicate, cooperate and coexist. Since its founding six decades ago, the company has been synonymous with satellite-industry 'firsts' in service to its customers and the planet. Leaning on a legacy of innovation and focusing on addressing a new generation of challenges Intelsat team members now have their sights on the 'next firsts' in space as they disrupt the field and lead in the digital transformation of the industry. Twitter/X YouTube Melissa Longo [email protected]; +1 240-308-1881 SOURCE: Intelsat Copyright Business Wire 2025. PUB: 04/09/2025 11:48 AM/DISC: 04/09/2025 11:48 AM
Yahoo
12-03-2025
- Business
- Yahoo
Home minister: Govt to introduce special pass for foreign investors, expatriates starting April 1
KUALA LUMPUR, March 12 — A special pass for investors and expatriate groups will be introduced starting April 1 to help foreign nationals committed to investing in Malaysia, Home Minister Datuk Seri Saifuddin Nasution Ismail announced today. In a statement this afternoon, Saifuddin said the pass will allow foreign investors to enter the country for six months, with an option to extend it for another six months based on their requirements. 'A Multiple-Entry Visa (MEV) will also be provided to holders of the special pass,' he said. He said this initiative aims to improve the current system, as foreign investors were previously issued social visit passes valid for only 14 to 90 days, depending on their country of origin. Applications for the special pass can be submitted through the Xpats Gateway platform, with more information available at The announcement follows Saifuddin's earlier remarks during Minister's Question Time in Parliament on March 6, where he highlighted the new initiative. He had said in Parliament that the special pass will allow investors to stay here longer to manage their investments and that the passes will be issued electronically. Saifuddin added that the initiative will also benefit expatriates living in Malaysia and is aimed at improving the country's business climate. 'They (investors) are also looking at the ease of doing business. The quicker and easier applications are, the better their acceptance of the business climate in this country,' he was quote saying.
