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iinvested
3Q'24 Silver Beach Capital on $BN, $WSC
More fund letters here:
https://t.co/ccjFhSPQ2v https://t.co/tHdCO5FvQ8
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3Q'24 Silver Beach Capital on $BN, $WSC
More fund letters here:
https://t.co/ccjFhSPQ2v https://t.co/tHdCO5FvQ8
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Offshore
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Stock Analysis Compilation
Optimist Fund on First Advantage $FA US
Thesis: First Advantage’s strategic acquisition and strong growth trajectory make it a standout investment in the background check industry
(Extract from their Q3 letter) https://t.co/q2TrojSzi9
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Optimist Fund on First Advantage $FA US
Thesis: First Advantage’s strategic acquisition and strong growth trajectory make it a standout investment in the background check industry
(Extract from their Q3 letter) https://t.co/q2TrojSzi9
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Offshore
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Startup Archive
Alexis Ohanian tells the story of how a 1-hour brainstorm led to the idea for Reddit
Co-founders Alexis and Steve Huffman technically started the company in 2005 while undergrads at the University of Virginia. The original product was called My Mobile Menu (”MMM”), and their goal was to let people order food from their phones.
During spring break, the two college seniors decided to drive from Virginia to Boston to attend a talk Paul Graham was giving.
Surprised that two college students drove all the way from Virginia to attend his talk, Paul let them buy him a drink and pitch him their startup idea after the talk.
Three weeks later, Paul announces Y Combinator and the Reddit founders applied. Alexis and Steve went back up to interview for the inaugural batch but were rejected.
As Alexis explains, Paul called them the next morning:
“We like you guys. We just don’t like the idea. It’s too early for mobile. If you’re willing to kill this company, we’ll let you into the program.”
They were working on MMM for a year but decided to scrap it and got on the next train back to Boston.
They now needed a new idea, so Paul sat down with the two founders and said:
“Forget mobile. Build something on the web. What problems do you guys have every single day?”
Steve was a heavy Slashdot user and Alexis read a bunch of news sites every morning. Paul then mentioned the social bookmarking web service Delicious/Popular:
“The byproduct of people bookmarking reference material to look at later was an interesting kind of zeitgeist. But it was only a zeitgeist for reference material—not what was new.”
That’s how they decided to build something similar to social bookmarking but solely for ephemeral news of the day. And from this brainstorming session, Steve and Alexis put Reddit on the path of becoming “the front page of the Internet.”
Video source: @twistartups @jason (2013)
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Alexis Ohanian tells the story of how a 1-hour brainstorm led to the idea for Reddit
Co-founders Alexis and Steve Huffman technically started the company in 2005 while undergrads at the University of Virginia. The original product was called My Mobile Menu (”MMM”), and their goal was to let people order food from their phones.
During spring break, the two college seniors decided to drive from Virginia to Boston to attend a talk Paul Graham was giving.
Surprised that two college students drove all the way from Virginia to attend his talk, Paul let them buy him a drink and pitch him their startup idea after the talk.
Three weeks later, Paul announces Y Combinator and the Reddit founders applied. Alexis and Steve went back up to interview for the inaugural batch but were rejected.
As Alexis explains, Paul called them the next morning:
“We like you guys. We just don’t like the idea. It’s too early for mobile. If you’re willing to kill this company, we’ll let you into the program.”
They were working on MMM for a year but decided to scrap it and got on the next train back to Boston.
They now needed a new idea, so Paul sat down with the two founders and said:
“Forget mobile. Build something on the web. What problems do you guys have every single day?”
Steve was a heavy Slashdot user and Alexis read a bunch of news sites every morning. Paul then mentioned the social bookmarking web service Delicious/Popular:
“The byproduct of people bookmarking reference material to look at later was an interesting kind of zeitgeist. But it was only a zeitgeist for reference material—not what was new.”
That’s how they decided to build something similar to social bookmarking but solely for ephemeral news of the day. And from this brainstorming session, Steve and Alexis put Reddit on the path of becoming “the front page of the Internet.”
Video source: @twistartups @jason (2013)
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Offshore
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App Economy Insights
📊 This Week in Visuals:
$LOW, $ADI, $DELL, $CRWD, $WDAY, $ADSK, $TGT, $HPQ, $ZM, $NTNX, $BBY, $MANU.
Check out the latest earnings!👇
https://t.co/znLp86XBZp https://t.co/nrHaKrCoI9
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📊 This Week in Visuals:
$LOW, $ADI, $DELL, $CRWD, $WDAY, $ADSK, $TGT, $HPQ, $ZM, $NTNX, $BBY, $MANU.
Check out the latest earnings!👇
https://t.co/znLp86XBZp https://t.co/nrHaKrCoI9
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Offshore
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Stock Analysis Compilation
TCW on Omnicom Group $OMC US
Thesis: Omnicom leverages its iconic brands and diverse services to drive innovation and global expansion, underpinned by attractive valuations
(Extract from their Q3 letter) https://t.co/UxbXQbJUaH
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TCW on Omnicom Group $OMC US
Thesis: Omnicom leverages its iconic brands and diverse services to drive innovation and global expansion, underpinned by attractive valuations
(Extract from their Q3 letter) https://t.co/UxbXQbJUaH
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Offshore
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App Economy Insights
What are you watching this week?
• Monday: $ZS.
• Tuesday: $CRM, $OKTA.
• Wednesday: $CHWY, $S, $SNPS.
• Thursday: $ASAN, $DOCU, $GTLB, $HPE, $IOT, $LULU, $PATH, $VEEV.
All visualized in our PRO coverage next Saturday! https://t.co/9EOio4h4KA
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What are you watching this week?
• Monday: $ZS.
• Tuesday: $CRM, $OKTA.
• Wednesday: $CHWY, $S, $SNPS.
• Thursday: $ASAN, $DOCU, $GTLB, $HPE, $IOT, $LULU, $PATH, $VEEV.
All visualized in our PRO coverage next Saturday! https://t.co/9EOio4h4KA
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Offshore
Video
Startup Archive
Sequoia partner Michael Moritz explains why Bill Gates had the radio removed from his car dashboard
When asked what founder obsession looks like, Moritz gives two examples.
The first is Apoorva Mehta, founder & CEO of Instacart. Before investing in Instacart, Michael asked Apoorva how he got into the business of grocery delivery.
Apoorva responded that after toying with a variety of other businesses, he decided Instacart was the one for him when the idea of the business was “the last thing he thought about when he went to sleep and the first thing that he thought about when he woke up in the morning.”
Moritz comments:
“To me, that was as good a definition of obsession as any I’ve heard… it’s sort of that full on experience that you can never stop thinking about and you don’t switch off.”
His other example is Bill Gates.
When Microsoft was still private and quite small in the 1980s, Bill gave Michael a ride to the airport. When Michael asked him why the radio was missing from the dashboard, Bill said he had it taken out:
“If I’ve got the radio, I’m afraid that I’ll switch it on and I won’t be thinking about Microsoft.”
Moritz quips, “That’s obsession.”
Video source: @StanfordGSB (2019)
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Sequoia partner Michael Moritz explains why Bill Gates had the radio removed from his car dashboard
When asked what founder obsession looks like, Moritz gives two examples.
The first is Apoorva Mehta, founder & CEO of Instacart. Before investing in Instacart, Michael asked Apoorva how he got into the business of grocery delivery.
Apoorva responded that after toying with a variety of other businesses, he decided Instacart was the one for him when the idea of the business was “the last thing he thought about when he went to sleep and the first thing that he thought about when he woke up in the morning.”
Moritz comments:
“To me, that was as good a definition of obsession as any I’ve heard… it’s sort of that full on experience that you can never stop thinking about and you don’t switch off.”
His other example is Bill Gates.
When Microsoft was still private and quite small in the 1980s, Bill gave Michael a ride to the airport. When Michael asked him why the radio was missing from the dashboard, Bill said he had it taken out:
“If I’ve got the radio, I’m afraid that I’ll switch it on and I won’t be thinking about Microsoft.”
Moritz quips, “That’s obsession.”
Video source: @StanfordGSB (2019)
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