Late stage startups are in a talent trap. They are no longer recruiting risk-taking employees who want to join an early

A young male proboscis monkey cocks his head slightly and closes his eyes. Unexpected pale blue eyelids now complement his immaculately groomed auburn hair. He poses for a few seconds as if in meditation. He is a wild visitor to the feeding station at Labuk Bay Proboscis Monkey Sanctuary in Sabah, Borneo — “the most laid-back character,” says Mogens, who has been photographing primates worldwide for the past five years. Mogens’ unforgettable portrait, with the young male’s characteristic peaceful expression — “quite unlike anything I’ve ever seen on another monkey” — connects us, he hopes, with a fellow primate.

On a diving holiday in North Sulawesi, Indonesia, Sam stopped to watch the behaviour of a group of clownfishes as they swam with hectic and repeated patterns in and out and around their home, a magnificent anemone. He was intrigued by the expression of one individual, the result of its mouth being constantly open, holding something. Rather than following the moving fish in his viewfinder, Sam positioned himself where he knew it would come back into the frame. It was only when he downloaded the photos that he saw tiny eyes peeping out of its mouth. It was a “tongue-eating louse,” a parasitic isopod that swims in through the gills as a male, changes sex, grows legs and attaches itself to the base of the tongue, sucking blood. When the tongue withers and drops off, the isopod takes its place. Its presence may weaken its host, but the clownfish can continue to feed. Sam’s image, the reward for his curiosity, captures the three very different life forms, their lives intertwined.

These two ferocious predators don’t often meet. The giant riverine tiger beetle pursues prey on the ground, while weaver ants stay mostly in the trees — but if they do meet, both need to be wary. When an ant colony went hunting small insects on a dry river bed in Buxa Tiger Reserve, West Bengal, India, a tiger beetle began to pick off some of the ants. In the heat of the midday sun, Ripan lay on the sand and edged closer. In defence, one bit into the beetle’s slender hind leg. The beetle swiftly turned and, with its large, curved mandibles, snipped the ant in two, but the ant’s head and upper body remained firmly attached. “The beetle kept pulling at the ant’s leg,” says Ripan, “trying to rid itself of the ant’s grip, but it couldn’t quite reach its head.” He used flash to illuminate the lower part of the beetle, balancing this against the harsh sunlight, as he got his dramatic, eye-level shot.

This rare picture of a family of Pallas’s cats on the remote steppes of the Qinghai–Tibet Plateau in northwest China is the result of six years’ work at high altitude. These small cats are normally solitary, hard to find and mostly active at dawn and dusk. Through long-term observation, Shanyuan knew his best chance to photograph them in daylight would be in August and September, when the kittens were a few months old and the mothers bolder and intent on caring for them. Hours of patience were rewarded when the three kittens came out to play, while their mother kept her eye on a Tibetan fox lurking nearby. In the clear air, against a soft background, Shanyuan caught their expressions in a rarely seen moment of family life, when their mother had issued a warning to hurry back to the safety of the lair.

A tiny diamondback squid paralarva flits below in the blackness, stops hunting for an instant when caught in the light beam, gilds itself in shimmering gold and then moves gracefully out of the light. The beam was Songda’s, on a night dive over deep water, far off the coast of Anilao, in the Philippines. He never knows what he might encounter in this dark, silent world. All sorts of larvae and other tiny animals — zooplankton — migrate up from the depths under cover of night to feed on surface-dwelling phytoplankton, and after them come other predators. Transparent in all stages, a diamondback squid swims slowly, propelled by undulations of its triangular fins, but by contracting its powerful mantles, it can spurt away from danger. Chromatophores (organs just below the skin) contain elastic sacs of pigment that stretch rapidly into discs of colour when the muscles around them contract. Deeper in the skin, iridophores reflect and scatter light, adding an iridescent sheen. From above, Songda captured the fleeting moment when, hovering in perfect symmetry, the diamondback paralarva turned to gold.

If private companies could offer cash, stock, and liquidity, they would win the talent wars with public companies because they could offer the best of both worlds — private company growth curves with public-like liquidity. That lottery ticket startup employees sacrificed for will finally turn from paper wealth to real wealth.

I’ve also found that Substack promotes your emails to be shared with other people who aren’t subscribed. This is wonderful because the more subscribers your email list gets, the more potential money you could make.

That is why we built CartaX, our private stock exchange. CartaX is different from secondary marketplaces in that it is a listing venue akin to NYSE or Nasdaq. That means the issuer is our customer and we build a market for that issuer’s stock with those issuer’s rules. It also means that all issuers will have to meet our listing requirements.

I’ve actually used the rest of these sites before and I’ve made money from each of them. UserTesting is my favorite because I’m able to make around $15 an hour and most of the time all I’m doing is clicking around and typing a few sentences.

That is why we built CartaX, our private stock exchange. CartaX is different from secondary marketplaces in that it is a listing venue akin to NYSE or Nasdaq. That means the issuer is our customer and we build a market for that issuer’s stock with those issuer’s rules. It also means that all issuers will have to meet our listing requirements.

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we age, the level of blood flow to our brain drops significantly — likely the result of a decrease in the production of nitric oxide — that prevents our blood vessels from dilating as well. Hence, the daily consumption of nitrate-rich vegetables such as spinach and swiss chard may prove invaluable in the prevention of neurodegenerative diseases such as dementia and Alzheimers.

With an expression of sheer ecstasy, a tigress hugs an ancient Manchurian fir, rubbing her cheek against bark to leave secretions from her scent glands. She is an Amur, or Siberian, tiger, here in the Land of the Leopard National Park, in the Russian Far East. The race — now regarded as the same subspecies as the Bengal tiger — is found only in this region, with a small number surviving over the border in China and possibly a few in North Korea. Hunted almost to extinction in the past century, the population is still threatened by poaching and logging, which also impacts their prey — mostly deer and wild boar, which are also hunted. Low prey densities mean that tiger territories are huge. Sergey knew his chances were slim but was determined to take a picture of the totem animal of his Siberian homeland. Scouring the forest for signs, focusing on trees along regular routes where tigers might have left messages — scent, hairs, urine or scratch marks — he installed his first proper camera trap in January 2019, opposite this grand fir. But it was not until November that he achieved the picture he had planned for, of a magnificent tigress in her Siberian forest environment.

Not many people know about Amazon Vine because it’s under the radar (you’re welcome for the inside information). It’s probably because Amazon Vine is an invitation-only program at the moment.

I’ve actually used the rest of these sites before and I’ve made money from each of them. UserTesting is my favorite because I’m able to make around $15 an hour and most of the time all I’m doing is clicking around and typing a few sentences.

It was on a summer holiday in Helsinki that Liina, then aged 13, heard about a large fox family living in the city suburbs on the island of Lehtisaari. So Liina and her father spent one long July day, without a hide, watching the two adults and their six large cubs. It was 7pm when the excitement began, with the vixen’s arrival with a barnacle goose. Feathers flew as the cubs began fighting over it. One finally gained ownership — urinating on it in his excitement. Dragging the goose into a crevice, the cub attempted to eat his prize while blocking access to the others. Lying just metres away, Liina was able to frame the scene and capture the expression of the youngster as it attempted to keep its hungry siblings at bay.