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Startup Archive
RT @shrihacker: the reason why shipping fast is reasonable metric to bet on, from a vc pov, is because the number of course corrections that can be had are a lot more
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RT @shrihacker: the reason why shipping fast is reasonable metric to bet on, from a vc pov, is because the number of course corrections that can be had are a lot more
Marc Andreessen on how the best founders navigate the “idea maze”
“Entrepreneurship, creativity, innovation is what economists call decision making under uncertainty. Both parts of that are important. Decision making: you’re going to make a ton of decisions… And then uncertainty: the world’s a complicated place. In mathematical terms, the world is a complex adaptive system with feedback loops.”
Military commanders call this the fog of war: “You’re just dealing with a situation where the number of variables is just off the charts.”
And, as Marc explains, the best innovators deal with this in two steps.
First, they “try to pre-plan as much as they possibly can.” Marc and his partners at a16z call this “navigating the idea maze.” In their head, the best founders try to have as complete of a map of possible futures as anybody possibly could.
Then on Day 1, they’re in the fog of war, and a lot of the assumptions of that idea maze turn out to be wrong. So the founder must reconstruct it on the fly day-by-day as they learn and discover new things.
“The great ones course-correct every single day. They take stock of what they’ve learned. They modify the plan.”
The great ones also tend to think in terms of hypotheses. They tend to think:
“OK, I’m going to go into the world and announce that I’m doing this for sure… And then I’m going to try it. And even though I sound like I have complete certainty, I know that I need to test to find out whether it’s going to work. And if it’s doesn’t, then I have to go back to all of those people and say we’re actually not going left, we’re going right.”
And then they have to run this loop thousands of times.
“You course-correct, you adjust, you evolve. Often, the businesses that end up working really well tend to be different than the original plan. But that’s part of the process of a really smart founder basically working their way through reality.”
Video source: @hubermanlab (2023) tweet
Quiver Quantitative
We’ve been writing code to track government spending.
Here's a long list of the companies which received the most during the Biden administration.
Per our estimates:
1. Lockheed Martin: $147B
2. UnitedHealth: $98.3B
3. Boeing: $82.9B
4. Northrop Grumman: $56.6B
5. Leidos: $40.1B
6. Pfizer: $36.9B
7. McKesson: $34.6B
8. L3Harris Technologies: $28.2B
9. Booz Allen Hamilton: $27.6B
10. Huntington Ingalls: $27.5B
11. Humana: $26.1B
12. Raytheon: $25B
13. Honeywell: $23.2B
14. Fluor: $20.7B
15. Science Applications International: $16.7B
16. CACI International: $14.4B
17. General Electric: $13.3B
18. Accenture: $11.6B
19. General Dynamics: $9.33B
20. Dell: $9.13B
21. Cencora: $7.82B
22. Parsons: $6.64B
23. KBR: $6.06B
24. Textron: $5.43B
25. BP: $5.35B
26. FedEx: $5.28B
27. IBM: $4.79B
28. Oracle: $4.69B
29. Geo Group: $4.31B
30. Valero Energy: $4.13B
31. Sanofi: $3.99B
32. Resideo Technologies: $3.8B
33. Tetra Tech: $3.69B
34. Delta Air Lines: $3.18B
35. United Airlines: $2.88B
36. Merck: $2.87B
37. Cardinal Health: $2.52B
38. Moderna: $2.34B
39. Charter: $2.31B
40. CDW: $2.22B
41. AECOM: $2.18B
42. Ford Motor: $2.11B
43. A-Mark Precious Metals: $2B
44. Southwest Airlines: $1.9B
45. CoreCivic: $1.9B
46. Viasat: $1.9B
47. Microsoft: $1.82B
48. AT&T: $1.73B
49. TAT Technologies: $1.69B
50. Phillips 66: $1.66B
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We’ve been writing code to track government spending.
Here's a long list of the companies which received the most during the Biden administration.
Per our estimates:
1. Lockheed Martin: $147B
2. UnitedHealth: $98.3B
3. Boeing: $82.9B
4. Northrop Grumman: $56.6B
5. Leidos: $40.1B
6. Pfizer: $36.9B
7. McKesson: $34.6B
8. L3Harris Technologies: $28.2B
9. Booz Allen Hamilton: $27.6B
10. Huntington Ingalls: $27.5B
11. Humana: $26.1B
12. Raytheon: $25B
13. Honeywell: $23.2B
14. Fluor: $20.7B
15. Science Applications International: $16.7B
16. CACI International: $14.4B
17. General Electric: $13.3B
18. Accenture: $11.6B
19. General Dynamics: $9.33B
20. Dell: $9.13B
21. Cencora: $7.82B
22. Parsons: $6.64B
23. KBR: $6.06B
24. Textron: $5.43B
25. BP: $5.35B
26. FedEx: $5.28B
27. IBM: $4.79B
28. Oracle: $4.69B
29. Geo Group: $4.31B
30. Valero Energy: $4.13B
31. Sanofi: $3.99B
32. Resideo Technologies: $3.8B
33. Tetra Tech: $3.69B
34. Delta Air Lines: $3.18B
35. United Airlines: $2.88B
36. Merck: $2.87B
37. Cardinal Health: $2.52B
38. Moderna: $2.34B
39. Charter: $2.31B
40. CDW: $2.22B
41. AECOM: $2.18B
42. Ford Motor: $2.11B
43. A-Mark Precious Metals: $2B
44. Southwest Airlines: $1.9B
45. CoreCivic: $1.9B
46. Viasat: $1.9B
47. Microsoft: $1.82B
48. AT&T: $1.73B
49. TAT Technologies: $1.69B
50. Phillips 66: $1.66B
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Hidden Value Gems
Some reasons for Tavares’ resignation by @FT
“[Tavares] was focusing on the short term rather than the group’s longer term and managed to anger everybody in the process.”
“There was a sense that Carlos was moving too fast to retrieve his reputation at the risk of creating problems in the future.”
$STLA
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Some reasons for Tavares’ resignation by @FT
“[Tavares] was focusing on the short term rather than the group’s longer term and managed to anger everybody in the process.”
“There was a sense that Carlos was moving too fast to retrieve his reputation at the risk of creating problems in the future.”
$STLA
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Offshore
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Stock Analysis Compilation
Artisan on Sandoz $SDZ SW
Thesis: Sandoz leads the biosimilar revolution, leveraging its industry-first innovations to drive high-margin growth across global markets
(Extract from their Q3 letter) https://t.co/PPY2kLqyul
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Artisan on Sandoz $SDZ SW
Thesis: Sandoz leads the biosimilar revolution, leveraging its industry-first innovations to drive high-margin growth across global markets
(Extract from their Q3 letter) https://t.co/PPY2kLqyul
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Stock Analysis Compilation
Heartland Advisors on Smith and Nephew $SN/ LN
Thesis: Smith & Nephew’s strategic turnaround offers compelling upside potential as operational efficiencies drive profitability and market competitiveness
(Extract from their Q3 letter) https://t.co/fp6xfbdD6R
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Heartland Advisors on Smith and Nephew $SN/ LN
Thesis: Smith & Nephew’s strategic turnaround offers compelling upside potential as operational efficiencies drive profitability and market competitiveness
(Extract from their Q3 letter) https://t.co/fp6xfbdD6R
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Offshore
Video
Startup Archive
Jason Citron on the growth hack that got Discord its first few thousand users
“We started working on [Discord] in January 2015, and within I’d say two months, some of our friends were very excited about it but we didn’t really have any users. It was pretty clear they wanted to use it, it just wasn’t exactly correct. We rebuilt the voice chat engine three times, for example. But I’d say within 3-4 months, we had 20 DAU that weren’t us.”
However, as Jason explains, growth stalled after those first 20 users:
“We were like, ‘How do we get the word out?’ Because everyone was actually very skeptical about a group chat app for gaming. People would say, ‘This is the dumbest idea ever, no one is going to use this.’ And even people who played games, many of them thought, ‘Why would I want this? I already have whatever app I’m using.’ And so we were having a hard time getting other people to try it.”
Jason recalls a period of 3-4 weeks sitting around thinking, “We like this, but maybe no one else does.”
Then they figured out their growth unlock:
“The unlock for us was inviting people to give feedback on the app, as opposed to saying, ‘Try this thing out we’re selling to you.’ What we actually did was we went to the Final Fantasy 14 subreddit, and we got one of our friends to make a post on the subreddit basically saying, ‘Hey, I’m trying out this new voice over IP app. What do y’all think about it?’”
Jason continues:
“People found it on Reddit, clicked on that link, went into the server, and then they were talking to us and trying it out. And they went back to the subreddit and were like, ‘Hey, this is pretty cool. I met the devs. They seem pretty cool.’ We got 50 users that day from that post and then that 50 turned into 100 the next day and it sort of started to snowball. And then we did this playbook for six months and that was basically the beginning of how it started growing.”
Video source: @twentyminutevc @HarryStebbings (2024)
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Jason Citron on the growth hack that got Discord its first few thousand users
“We started working on [Discord] in January 2015, and within I’d say two months, some of our friends were very excited about it but we didn’t really have any users. It was pretty clear they wanted to use it, it just wasn’t exactly correct. We rebuilt the voice chat engine three times, for example. But I’d say within 3-4 months, we had 20 DAU that weren’t us.”
However, as Jason explains, growth stalled after those first 20 users:
“We were like, ‘How do we get the word out?’ Because everyone was actually very skeptical about a group chat app for gaming. People would say, ‘This is the dumbest idea ever, no one is going to use this.’ And even people who played games, many of them thought, ‘Why would I want this? I already have whatever app I’m using.’ And so we were having a hard time getting other people to try it.”
Jason recalls a period of 3-4 weeks sitting around thinking, “We like this, but maybe no one else does.”
Then they figured out their growth unlock:
“The unlock for us was inviting people to give feedback on the app, as opposed to saying, ‘Try this thing out we’re selling to you.’ What we actually did was we went to the Final Fantasy 14 subreddit, and we got one of our friends to make a post on the subreddit basically saying, ‘Hey, I’m trying out this new voice over IP app. What do y’all think about it?’”
Jason continues:
“People found it on Reddit, clicked on that link, went into the server, and then they were talking to us and trying it out. And they went back to the subreddit and were like, ‘Hey, this is pretty cool. I met the devs. They seem pretty cool.’ We got 50 users that day from that post and then that 50 turned into 100 the next day and it sort of started to snowball. And then we did this playbook for six months and that was basically the beginning of how it started growing.”
Video source: @twentyminutevc @HarryStebbings (2024)
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Startup Archive
RT @foundertribune: "Mediocrity is the Silent Killer" by Frank Slootman https://t.co/vZaVT9CLsk
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RT @foundertribune: "Mediocrity is the Silent Killer" by Frank Slootman https://t.co/vZaVT9CLsk
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Offshore
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Startup Archive
"I enjoyed quoting the late Steve Jobs who had just two classifications: it’s either ‘insanely great’, or it’s ‘total shit’. There is no middle ground, Steve took it away."
- Frank Slootman
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"I enjoyed quoting the late Steve Jobs who had just two classifications: it’s either ‘insanely great’, or it’s ‘total shit’. There is no middle ground, Steve took it away."
- Frank Slootman
"Mediocrity is the Silent Killer" by Frank Slootman https://t.co/vZaVT9CLsk tweet
Quiver Quantitative
We’ve been writing code to track government spending.
Here's a long list of the publicly traded companies which received the most in the last YEAR.
Per our estimates:
1. Lockheed Martin: $23.9B
2. Boeing: $23.2B
3. UnitedHealth: $19.1B
4. Leidos: $13B
5. Northrop Grumman: $12.6B
6. McKesson: $10B
7. Booz Allen Hamilton: $9.41B
8. General Dynamics: $9.22B
9. Fluor Corp: $7.33B
10. L3Harris Technologies: $7.16B
11. Huntington Ingalls: $5.78B
12. Science Applications International: $5.53B
13. Raytheon: $4.53B
14. CACI International: $4.09B
15. Accenture: $3.92B
16. Humana: $3.6B
17. Resideo Technologies: $3.58B
18. General Electric: $3.29B
19. Merck: $2.87B
20. Parsons: $2.85B
21. Textron: $2.07B
22. Cencora: $2.05B
23. Sanofi: $1.96B
24. Honeywell International: $1.78B
25. AT&T: $1.68B
26. IBM: $1.62B
27. Fedex: $1.61B
28. Pfizer: $1.6B
29. Charter: $1.6B
30. KBR: $1.4B
31. Geo Group: $1.3B
32. Tetra Tech: $1.29B
33. Dell Technologies: $1.28B
34. BP: $1.14B
35. Valero Energy: $1.1B
36. Maximus: $1.1B
37. CGI Inc: $1.08B
38. Oracle: $884M
39. AECOM: $856M
40. Oshkosh: $786M
41. Cardinal Health: $665M
42. ICF International: $638M
43. Ford Motor: $638M
44. Palantir: $570M
45. CoreCivic: $566M
46. Microsoft: $563M
47. A-Mark Precious Metals: $514M
48. US Foods Holding: $508M
49. Nelnet: $499M
50. Olin Corp: $493M
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We’ve been writing code to track government spending.
Here's a long list of the publicly traded companies which received the most in the last YEAR.
Per our estimates:
1. Lockheed Martin: $23.9B
2. Boeing: $23.2B
3. UnitedHealth: $19.1B
4. Leidos: $13B
5. Northrop Grumman: $12.6B
6. McKesson: $10B
7. Booz Allen Hamilton: $9.41B
8. General Dynamics: $9.22B
9. Fluor Corp: $7.33B
10. L3Harris Technologies: $7.16B
11. Huntington Ingalls: $5.78B
12. Science Applications International: $5.53B
13. Raytheon: $4.53B
14. CACI International: $4.09B
15. Accenture: $3.92B
16. Humana: $3.6B
17. Resideo Technologies: $3.58B
18. General Electric: $3.29B
19. Merck: $2.87B
20. Parsons: $2.85B
21. Textron: $2.07B
22. Cencora: $2.05B
23. Sanofi: $1.96B
24. Honeywell International: $1.78B
25. AT&T: $1.68B
26. IBM: $1.62B
27. Fedex: $1.61B
28. Pfizer: $1.6B
29. Charter: $1.6B
30. KBR: $1.4B
31. Geo Group: $1.3B
32. Tetra Tech: $1.29B
33. Dell Technologies: $1.28B
34. BP: $1.14B
35. Valero Energy: $1.1B
36. Maximus: $1.1B
37. CGI Inc: $1.08B
38. Oracle: $884M
39. AECOM: $856M
40. Oshkosh: $786M
41. Cardinal Health: $665M
42. ICF International: $638M
43. Ford Motor: $638M
44. Palantir: $570M
45. CoreCivic: $566M
46. Microsoft: $563M
47. A-Mark Precious Metals: $514M
48. US Foods Holding: $508M
49. Nelnet: $499M
50. Olin Corp: $493M
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Dimitry Nakhla | Babylon Capital®
20 Best & Worst Stocks in $SPY YTD 📈📉
#stocks #investing https://t.co/hBJPTCIbLR
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20 Best & Worst Stocks in $SPY YTD 📈📉
#stocks #investing https://t.co/hBJPTCIbLR
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