Offshore
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Startup Archive
Jack Dorsey on why building something for yourself can be better than trying to solve a problem
When a 29 year old Jack Dorsey joined the podcasting startup Odeo, he soon learned that no one there really cared about podcasting either:
“That was one of Odeo’s biggest failures. We were not building tools for us. We were building tools for other people.”
As Odeo struggled, the team began to look for new ideas, and Jack presented his idea for Twitter. Somewhat counterintuitively, the product would not solve a specific problem:
“Twitter solves no one’s problem at all. It was something we wanted to use. It was something we wanted to see in the world. It was something we wanted to use on a daily basis, and that’s all that drove us. That’s what got us up every single morning, and that’s what made it meaningful.”
It turns out there were more people like Jack and the Odeo team who wanted to use it to.
“I think that is one of the biggest lessons I learned—Twitter did not start as a company. Twitter started as a product within another company that was failing. And to me, this really emphasized the fact that entrepreneurship is not necessarily starting a new company. It’s actually just taking significant risk to build what you want to see in the world.”
Video source: @Cal_Engineer (2013)
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Jack Dorsey on why building something for yourself can be better than trying to solve a problem
When a 29 year old Jack Dorsey joined the podcasting startup Odeo, he soon learned that no one there really cared about podcasting either:
“That was one of Odeo’s biggest failures. We were not building tools for us. We were building tools for other people.”
As Odeo struggled, the team began to look for new ideas, and Jack presented his idea for Twitter. Somewhat counterintuitively, the product would not solve a specific problem:
“Twitter solves no one’s problem at all. It was something we wanted to use. It was something we wanted to see in the world. It was something we wanted to use on a daily basis, and that’s all that drove us. That’s what got us up every single morning, and that’s what made it meaningful.”
It turns out there were more people like Jack and the Odeo team who wanted to use it to.
“I think that is one of the biggest lessons I learned—Twitter did not start as a company. Twitter started as a product within another company that was failing. And to me, this really emphasized the fact that entrepreneurship is not necessarily starting a new company. It’s actually just taking significant risk to build what you want to see in the world.”
Video source: @Cal_Engineer (2013)
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Offshore
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Ahmad Jivraj
Stop Investing in Index Funds!
If you’re between 20-50, here’s why you should try and beat the market:
Let’s say you aim for 15% returns for the next 20 years => that’s 16X
Say the market return is 8% => That’s 4.6X
You could be off by ~70% and still breakeven!
That’s a pretty big margin of safety.
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Stop Investing in Index Funds!
If you’re between 20-50, here’s why you should try and beat the market:
Let’s say you aim for 15% returns for the next 20 years => that’s 16X
Say the market return is 8% => That’s 4.6X
You could be off by ~70% and still breakeven!
That’s a pretty big margin of safety.
What’s your idea? https://t.co/LBeGxeOuCo tweet
Ahmad Jivraj
RT @mrjivraj: The thing is, there have been plenty of opportunities for Bitcoin to die:
•Multiple Hacks
•Multiple Massive Price Declines
•Multiple new and improved Crypto currencies created (better tech than Bitcoin)
To me it no longer matters whether Bitcoin is the best crypto-currency or whether it has the best underlying technology.
Bitcoin is THE established brand in the Crypto world. It has “crossed the chasm”.
For the layman, Bitcoin is actually synonymous with Crypto.
Bitcoin is the barometer that everything else in the Crypto-world is compared to.
I compare this to the FICO Score. In the US, lenders use FICO scores to gauge a potential borrower's creditworthiness.
The way the score is calculated isn’t known.
Many argue that at best it is old and outdated and doesn’t best represent a borrower’s creditworthiness.
That clearly doesn’t matter. FICO is the accepted standard.
I believe Bitcoin will remain the accepted standard in the Crypto-world.
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RT @mrjivraj: The thing is, there have been plenty of opportunities for Bitcoin to die:
•Multiple Hacks
•Multiple Massive Price Declines
•Multiple new and improved Crypto currencies created (better tech than Bitcoin)
To me it no longer matters whether Bitcoin is the best crypto-currency or whether it has the best underlying technology.
Bitcoin is THE established brand in the Crypto world. It has “crossed the chasm”.
For the layman, Bitcoin is actually synonymous with Crypto.
Bitcoin is the barometer that everything else in the Crypto-world is compared to.
I compare this to the FICO Score. In the US, lenders use FICO scores to gauge a potential borrower's creditworthiness.
The way the score is calculated isn’t known.
Many argue that at best it is old and outdated and doesn’t best represent a borrower’s creditworthiness.
That clearly doesn’t matter. FICO is the accepted standard.
I believe Bitcoin will remain the accepted standard in the Crypto-world.
tweet
Offshore
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Stock Analysis Compilation
Loomis Sayles on Tesla $TSLA US
Thesis: Tesla’s leadership in EV technology and global market share solidifies its position as a dominant force in the auto industry
(Extract from their Q3 letter) https://t.co/ZsBUNV776P
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Loomis Sayles on Tesla $TSLA US
Thesis: Tesla’s leadership in EV technology and global market share solidifies its position as a dominant force in the auto industry
(Extract from their Q3 letter) https://t.co/ZsBUNV776P
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Offshore
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Investing visuals
Amazon $AMZN subscription business grew from $2.4B to $43.3B in just 10 years. That’s seriously impressive. https://t.co/VudvpTpYp9
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Amazon $AMZN subscription business grew from $2.4B to $43.3B in just 10 years. That’s seriously impressive. https://t.co/VudvpTpYp9
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Offshore
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Stock Analysis Compilation
Merion Road on Curbline Properties $CURB US
Thesis: Curbline Properties combines a strong leasing portfolio and undervaluation, positioning it for significant growth in suburban real estate
(Extract from their Q3 letter) https://t.co/Fa2XaHyC3k
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Merion Road on Curbline Properties $CURB US
Thesis: Curbline Properties combines a strong leasing portfolio and undervaluation, positioning it for significant growth in suburban real estate
(Extract from their Q3 letter) https://t.co/Fa2XaHyC3k
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AkhenOsiris
$META $GOOGL $PINS $RDDT
Although TikTok plans to appeal the decision, the possibility of a ban creates a significant engagement and monetization opportunity across the largest social platforms in the U.S., Citi tells investors in a research note. They highlight Meta’s Instagram and Facebook, Google’s YouTube, Snap, Pinterest and Reddit as potential beneficiaries. Engagement benefits are likely to be somewhat more gradual, but advertisers are likely to accelerate their spend off of TikTok as they invest in other platforms, says Citi. Meta remains its top pick across the internet sector.
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$META $GOOGL $PINS $RDDT
Although TikTok plans to appeal the decision, the possibility of a ban creates a significant engagement and monetization opportunity across the largest social platforms in the U.S., Citi tells investors in a research note. They highlight Meta’s Instagram and Facebook, Google’s YouTube, Snap, Pinterest and Reddit as potential beneficiaries. Engagement benefits are likely to be somewhat more gradual, but advertisers are likely to accelerate their spend off of TikTok as they invest in other platforms, says Citi. Meta remains its top pick across the internet sector.
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AkhenOsiris
$AMZN
As we head into the stretch drive of holiday shopping, most recent data pts:
- Yipit saying AMZN NA Retail tracking 4ppts above street
- Facteus said Amazon saw the strongest growth among major retailers on Black Friday specifically, at 6% yoy (compared to Walmart 3% yoy, while Best Buy and Target saw yoy declines). Amazon and Walmart continued to have the strongest showing through Cyber Monday.
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$AMZN
As we head into the stretch drive of holiday shopping, most recent data pts:
- Yipit saying AMZN NA Retail tracking 4ppts above street
- Facteus said Amazon saw the strongest growth among major retailers on Black Friday specifically, at 6% yoy (compared to Walmart 3% yoy, while Best Buy and Target saw yoy declines). Amazon and Walmart continued to have the strongest showing through Cyber Monday.
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Offshore
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Stock Analysis Compilation
Mobius CP on 360 One $360ONE IN
Thesis: 360 One leverages India’s wealth boom with a customer-focused model and robust growth opportunities
(Extract from their Q3 letter) https://t.co/97XIctuVHB
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Mobius CP on 360 One $360ONE IN
Thesis: 360 One leverages India’s wealth boom with a customer-focused model and robust growth opportunities
(Extract from their Q3 letter) https://t.co/97XIctuVHB
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Offshore
Photo
Stock Analysis Compilation
Broyhill AM on Rentokil Initial $RTO LN
Thesis: Rentokil’s US expansion and discounted valuation offer significant growth potential in a fragmented market
(Extract from their Q3 letter) https://t.co/8BpSr5nzAq
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Broyhill AM on Rentokil Initial $RTO LN
Thesis: Rentokil’s US expansion and discounted valuation offer significant growth potential in a fragmented market
(Extract from their Q3 letter) https://t.co/8BpSr5nzAq
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Offshore
Video
Startup Archive
Peter Thiel on a common red flag he sees in startup pitches
“There’s a pattern recognition where if I see a presentation that says, ‘We have this great idea and we’re going to make money in one of these 5 ways: A, B, C, D, or E.’… That’s always sort of alarming and not very inspiring.”
Thiel continues:
“It’s always much better if people say we’re just going to make money doing A. It suggests you’ve actually thought it through and you think it’s going to actually work. Whereas when you list A through E, that sounds like a superset and you have more things going on, but the reality is that you often haven’t really thought through them very carefully.”
Thiel generalizes this insight:
“I think whenever people come up with a list of options or choices like this, that’s often a version of being lazy and not thinking really hard about what actually might work.”
Video source: @Wharton (2014)
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Peter Thiel on a common red flag he sees in startup pitches
“There’s a pattern recognition where if I see a presentation that says, ‘We have this great idea and we’re going to make money in one of these 5 ways: A, B, C, D, or E.’… That’s always sort of alarming and not very inspiring.”
Thiel continues:
“It’s always much better if people say we’re just going to make money doing A. It suggests you’ve actually thought it through and you think it’s going to actually work. Whereas when you list A through E, that sounds like a superset and you have more things going on, but the reality is that you often haven’t really thought through them very carefully.”
Thiel generalizes this insight:
“I think whenever people come up with a list of options or choices like this, that’s often a version of being lazy and not thinking really hard about what actually might work.”
Video source: @Wharton (2014)
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