Arik Hesseldahl

Recent Posts by Arik Hesseldahl

Insight Ventures Invests $53 Million in SR Labs, Electronic Trading Player

Insight Venture Partners announced today that it had made a $53 million investment in SR Labs, a company that builds high-performance electronic trading platforms. Founded in 2007, SR Labs serves clients that include hedge funds and investment banks, including Credit Suisse and J.P. Morgan. Its specialty is data gathering and trade execution. Deven Parekh, managing director at Insight, and Martin Angert, a principal at the firm, will join SR Labs’ board of directors as part of the deal.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work