Offshore
Video
Startup Archive
Patrick Collison on how both Stripe and Facebook doubted their ideas in the beginning
As Patrick tells the founding story of Stripe, he reflects on the fact that he and his cofounder John weren’t quite sure how seriously to take it:
“Even once we built this prototype we thought held some promise, it wasn’t obviously a great idea.”
He points out that the same was true of Facebook, which was also working on a peer-to-peer file sharing product six months after it launched Facebook.
“I find it very interesting that six months later it was not obvious that Facebook was the thing to be working on.”
Patrick believes there may be a broader lesson here:
“I think a lot of really good ideas don’t seem particularly great or big upfront. Certainly, speaking from personal experience, Stripe did not. But over the course of working on it that summer and thinking about it and so on, we shifted from thinking about it merely as this nice little tool for developers that makes their lives easier… [To realizing] that the whole edifice is broken… We came to appreciate that what we thought was this little pond was actually this much larger ocean.”
It was only after coming to this realization that the Collison brothers decided to drop out of school and raise some initial funding from Sam Altman, Peter Thiel, Sequoia, Elon Musk, and a couple others.
Video source: @twistartups @Jason (2017)
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Patrick Collison on how both Stripe and Facebook doubted their ideas in the beginning
As Patrick tells the founding story of Stripe, he reflects on the fact that he and his cofounder John weren’t quite sure how seriously to take it:
“Even once we built this prototype we thought held some promise, it wasn’t obviously a great idea.”
He points out that the same was true of Facebook, which was also working on a peer-to-peer file sharing product six months after it launched Facebook.
“I find it very interesting that six months later it was not obvious that Facebook was the thing to be working on.”
Patrick believes there may be a broader lesson here:
“I think a lot of really good ideas don’t seem particularly great or big upfront. Certainly, speaking from personal experience, Stripe did not. But over the course of working on it that summer and thinking about it and so on, we shifted from thinking about it merely as this nice little tool for developers that makes their lives easier… [To realizing] that the whole edifice is broken… We came to appreciate that what we thought was this little pond was actually this much larger ocean.”
It was only after coming to this realization that the Collison brothers decided to drop out of school and raise some initial funding from Sam Altman, Peter Thiel, Sequoia, Elon Musk, and a couple others.
Video source: @twistartups @Jason (2017)
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Offshore
Photo
Stock Analysis Compilation
Ace River Capital on RCI Hospitality $RICK US
Thesis: RCI Hospitality combines its nightclub monopoly model with potential digital expansion through AdmireMe, paving the way for long-term growth and shareholder value
(Extract from their Q3 letter) https://t.co/otYB5U8f9A
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Ace River Capital on RCI Hospitality $RICK US
Thesis: RCI Hospitality combines its nightclub monopoly model with potential digital expansion through AdmireMe, paving the way for long-term growth and shareholder value
(Extract from their Q3 letter) https://t.co/otYB5U8f9A
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Offshore
Photo
Investing visuals
Alphabet $GOOGL: a high quality business at a reasonable price👇
What are your thoughts on this one? https://t.co/fZQO48Wo7A
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Alphabet $GOOGL: a high quality business at a reasonable price👇
What are your thoughts on this one? https://t.co/fZQO48Wo7A
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Offshore
Photo
Stock Analysis Compilation
Artisan on Snap-on $SNA US
Thesis: Snap-on thrives with its unique van distribution model and robust financials, set to capitalize on growing automotive repair demand and complex tool markets.
(Extract from their Q3 letter) https://t.co/KwhC6CmLQf
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Artisan on Snap-on $SNA US
Thesis: Snap-on thrives with its unique van distribution model and robust financials, set to capitalize on growing automotive repair demand and complex tool markets.
(Extract from their Q3 letter) https://t.co/KwhC6CmLQf
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Offshore
Video
Startup Archive
Elon Musk on what it means to work “super hard”
“Depending on how well you want to do—particularly if you’re starting a company—you need to work super hard. What does ‘super hard’ mean? Well, when my brother and I were starting our first company, instead of getting an apartment we just rented a small office and slept on the couch. We showered at the YMCA. And we had just one computer so the website was up during the day and I was coding at night—seven days a week, all the time.”
Elon recalls briefly having a girlfriend at the time who also had to sleep at the office if she wanted to be with him. And he frames the math of it as follows if you’re starting a company:
“If somebody else is working 50 hours a week and you’re working 100, you’ll get twice as much done in the course of the year as the other company.”
Video source: @USC (2014)
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Elon Musk on what it means to work “super hard”
“Depending on how well you want to do—particularly if you’re starting a company—you need to work super hard. What does ‘super hard’ mean? Well, when my brother and I were starting our first company, instead of getting an apartment we just rented a small office and slept on the couch. We showered at the YMCA. And we had just one computer so the website was up during the day and I was coding at night—seven days a week, all the time.”
Elon recalls briefly having a girlfriend at the time who also had to sleep at the office if she wanted to be with him. And he frames the math of it as follows if you’re starting a company:
“If somebody else is working 50 hours a week and you’re working 100, you’ll get twice as much done in the course of the year as the other company.”
Video source: @USC (2014)
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Dimitry Nakhla | Babylon Capital®
Happy Thanksgiving all 🦃
Grateful for this amazing community we've built together — Thank you for your support, engagement, and kindness
Wishing you and your loved ones a joyous and relaxing holiday 🙏🏽
#HappyThanksgiving
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Happy Thanksgiving all 🦃
Grateful for this amazing community we've built together — Thank you for your support, engagement, and kindness
Wishing you and your loved ones a joyous and relaxing holiday 🙏🏽
#HappyThanksgiving
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Offshore
Photo
Stock Analysis Compilation
Acatis on Halozyme Therapeutics $HALO US
Thesis: Halozyme revolutionizes drug delivery with its subcutaneous injection technology, reducing patient burden and healthcare costs while maintaining a highly profitable business model
(Extract from their Q3 letter) https://t.co/Ia9x1KnKfT
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Acatis on Halozyme Therapeutics $HALO US
Thesis: Halozyme revolutionizes drug delivery with its subcutaneous injection technology, reducing patient burden and healthcare costs while maintaining a highly profitable business model
(Extract from their Q3 letter) https://t.co/Ia9x1KnKfT
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Offshore
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Capital Employed
38 stock pitches we’ve enjoyed reading in the past two weeks...
Find your next investment idea here 👇
https://t.co/MKBnD4c9Tq https://t.co/mDnGDHFmKK
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38 stock pitches we’ve enjoyed reading in the past two weeks...
Find your next investment idea here 👇
https://t.co/MKBnD4c9Tq https://t.co/mDnGDHFmKK
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Offshore
Photo
Stock Analysis Compilation
Longleaf on Katitas $8919 JP
Thesis: Katitas combines rapid inventory turnover and a dominant market position to capture growth in Japan’s undervalued housing market
(Extract from their Q3 letter) https://t.co/ogTasKzn5j
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Longleaf on Katitas $8919 JP
Thesis: Katitas combines rapid inventory turnover and a dominant market position to capture growth in Japan’s undervalued housing market
(Extract from their Q3 letter) https://t.co/ogTasKzn5j
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Offshore
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Stock Analysis Compilation
AVI on D'Ieteren $DIE BB
Thesis: D’Ieteren combines an extraordinary dividend yield with an attractive valuation, supported by robust cash flows and stable long-term family governance
(Extract from their Q3 letter) https://t.co/tm7suhsbdY
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AVI on D'Ieteren $DIE BB
Thesis: D’Ieteren combines an extraordinary dividend yield with an attractive valuation, supported by robust cash flows and stable long-term family governance
(Extract from their Q3 letter) https://t.co/tm7suhsbdY
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