Top investors gambled $12 million on the blockchain equivalent of Beanie Babies. Now, sales are plummeting.

DominiqueGodbout/Flickr In March, investors including Andreessen Horowitz and Union Square Ventures gave a total of $ 12 million to CryptoKitties, a blockchain game for digital collectibles. According to data from blockchain analytics sites, the number of CryptoKitties transactions are a fraction of what they were in December. CryptoKitties CEO Bryce Bladon says the livelihood of […]

Under Armour gambled on Jordan Spieth when he was 19 after he met with a former NFL long-snapper

Getty Images On Sunday, Jordan Spieth won his third major championship, further proving that the gamble Under Armour took on a little-known, 19-year-old golfer in 2013 was a brilliant one. Among Under Armour’s bevy of MVPs and tops-in-their-sport athletes, is Spieth, the face of their golf line. As was the case with many of the other athletes […]