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Inside Iconiq Capital, Divesh Makan s Silicon Valley investment firm

Christopher Polk/Getty Images for People s Choice Awards; Marla Aufmuth/Getty Images for Watermark Conference for Women; Brian Ach/Getty Images for TechCrunch; Isabel Infantes/PA Images via Getty Images; David Ramos/Getty Images; Nathan Congleton/NBC/NBCU Photo Bank via Getty Images; Samantha Lee/Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Divesh Makan has spent a decade building ultra-secretive wealth-management firm Iconiq Capital. It caters to the elite of the technology industry and is now quietly recruiting A-list celebrities. Iconiq has invested billions of dollars in top startups, documents obtained by Insider show.

Record-Shattering Decline in Housing Inventory

Record-Shattering Decline in Housing Inventory New data reveals how far the U.S. housing market has stayed from anything resembling normal. March 3, 2021, 5am PST | James Brasuell | Much of the housing market has gone missing. That s the provocative lede of a story by Emily Badger and Quoctrung Bui that quantifies the state of the national for-sale housing market. Homes that usually would have been up for sale are staying off the market about half as many homes are available for sale right now as last winter, according to the article. The story is the same in markets historically defined by much different dynamics so inventory is down in Atlanta, Austin, Chicago, and Cleveland, for example. The decline in inventory is record shattering, according to the article, and it follows years of erosion in the national housing inventory. This picture is a product of the pandemic, but also of the years leading up to it, according to Badger and Bui.

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