Offshore
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Stock Analysis Compilation
Third Avenue Small Cap Value Fund on Five Point Holdings $FPH US
Thesis: Five Point’s cost reductions, land monetization, and debt reduction efforts position it for significant value creation
(Extract from their Q4 letter) https://t.co/WfIui86PW3
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Third Avenue Small Cap Value Fund on Five Point Holdings $FPH US
Thesis: Five Point’s cost reductions, land monetization, and debt reduction efforts position it for significant value creation
(Extract from their Q4 letter) https://t.co/WfIui86PW3
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Offshore
Video
Startup Archive
Michael Seibel on why you need to analyze the frequency and intensity of your customer's problem
Former Google CEO Larry Page uses a simple framework called "The Toothbrush Test" to decide whether he likes a business. He asks himself if the product is, like a toothbrush, "something you will use once or twice a day."
Former Y Combinator CEO Michael Seibel has a similar framework for assessing whether or not a startup is working on a good problem.
As he explains in the clip below, it's extremely important to analyze the frequency and the intensity of the problem you're solving for the customer.
He uses a car shopping website as an example. A lot of founders will think that their customer here is the person buying a car. But the problem with that is most people keep a car for 7 years. As he points out:
"What happens if I told you I was going to create a startup and if my customer absolutely loves me, they're going to come back 7 years from now?"
Probably not a great startup idea.
This is why a lot of car buying websites are not built for the person shopping for a car--that person doesn't have the problem very often. They're actually built for the person selling the car, because that person has a problem every day.
When you're assessing a startup idea, you want to do a frequency and intensity analysis of the problem.
“A lot of founders think they have a good idea, but they don’t do this frequency and intensity analysis. If you have an infrequent and low-intensity problem that you’re trying to solve, you’re going to have a hard time getting a lot of customers interested in even talking to you.”
All things equal, it's better for the problem you're solving to be higher-frequency and higher-intensity.
Take Uber for example. Usually, when you need to go somewhere (e.g. work, doctor, pick up your kids, etc.), it's a pretty intense problem--so intense that people will spend $20,000 on a car to solve this problem. And then when you think about frequency: how often do you move more than walking distance every day? Probably a lot.
Uber is clearly working on a worthwhile problem.
If the problem your customer has is high-intensity and happens frequently, there's probably a good business to be built there.
Video source: @ycombinator (2018)
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Michael Seibel on why you need to analyze the frequency and intensity of your customer's problem
Former Google CEO Larry Page uses a simple framework called "The Toothbrush Test" to decide whether he likes a business. He asks himself if the product is, like a toothbrush, "something you will use once or twice a day."
Former Y Combinator CEO Michael Seibel has a similar framework for assessing whether or not a startup is working on a good problem.
As he explains in the clip below, it's extremely important to analyze the frequency and the intensity of the problem you're solving for the customer.
He uses a car shopping website as an example. A lot of founders will think that their customer here is the person buying a car. But the problem with that is most people keep a car for 7 years. As he points out:
"What happens if I told you I was going to create a startup and if my customer absolutely loves me, they're going to come back 7 years from now?"
Probably not a great startup idea.
This is why a lot of car buying websites are not built for the person shopping for a car--that person doesn't have the problem very often. They're actually built for the person selling the car, because that person has a problem every day.
When you're assessing a startup idea, you want to do a frequency and intensity analysis of the problem.
“A lot of founders think they have a good idea, but they don’t do this frequency and intensity analysis. If you have an infrequent and low-intensity problem that you’re trying to solve, you’re going to have a hard time getting a lot of customers interested in even talking to you.”
All things equal, it's better for the problem you're solving to be higher-frequency and higher-intensity.
Take Uber for example. Usually, when you need to go somewhere (e.g. work, doctor, pick up your kids, etc.), it's a pretty intense problem--so intense that people will spend $20,000 on a car to solve this problem. And then when you think about frequency: how often do you move more than walking distance every day? Probably a lot.
Uber is clearly working on a worthwhile problem.
If the problem your customer has is high-intensity and happens frequently, there's probably a good business to be built there.
Video source: @ycombinator (2018)
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Quiver Quantitative
Senator Josh Hawley just said:
"Tech company CEOs like Sam Altman are totally out of touch with normal Americans.
They want to protect their power at the expense of our rights"
Hawley has proposed a bill to ban corporate campaign contributions. https://t.co/cSKcrTBVe0
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Senator Josh Hawley just said:
"Tech company CEOs like Sam Altman are totally out of touch with normal Americans.
They want to protect their power at the expense of our rights"
Hawley has proposed a bill to ban corporate campaign contributions. https://t.co/cSKcrTBVe0
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Quiver Quantitative
We posted this yesterday.
$BABA has risen another 6% today.
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We posted this yesterday.
$BABA has risen another 6% today.
BREAKING: Representative Josh Gottheimer just disclosed a purchase of Alibaba stock, $BABA.
Alibaba is a Chinese tech company.
Gottheimer sits on the House Intelligence Committee. https://t.co/UlqKrp89eY tweet
Quiver Quantitative
RT @InsiderRadar: 🚨BREAKING: New CEO Insider Purchase
The CEO of $KMT has just reported purchasing $217K of the company's stock, increasing his ownership stake by 15%.
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RT @InsiderRadar: 🚨BREAKING: New CEO Insider Purchase
The CEO of $KMT has just reported purchasing $217K of the company's stock, increasing his ownership stake by 15%.
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Finding Compounders
Why Shareholders Are Wild About Return On Invested Capital https://t.co/am0cYlAXqD
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Why Shareholders Are Wild About Return On Invested Capital https://t.co/am0cYlAXqD
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App Economy Insights
💰 The AI arms race is heating up.
Big Tech is pouring billions into infrastructure.
FY25 CapEx estimates:
🟠 $AMZN: $100B+
⚫️ $MSFT: $80B
🔴 $GOOG: $75B
🔵 $META: $63B
Who’s in the best position to win? https://t.co/3Lqvf9O9MA
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💰 The AI arms race is heating up.
Big Tech is pouring billions into infrastructure.
FY25 CapEx estimates:
🟠 $AMZN: $100B+
⚫️ $MSFT: $80B
🔴 $GOOG: $75B
🔵 $META: $63B
Who’s in the best position to win? https://t.co/3Lqvf9O9MA
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Offshore
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Stock Analysis Compilation
Mairs and Power Growth Fund on Clearfield $CLFD US
Thesis: Clearfield’s fiber solutions are well-positioned to benefit from rising telecom investments and government-funded broadband expansion
(Extract from their Q4 letter) https://t.co/GE61sMkQPg
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Mairs and Power Growth Fund on Clearfield $CLFD US
Thesis: Clearfield’s fiber solutions are well-positioned to benefit from rising telecom investments and government-funded broadband expansion
(Extract from their Q4 letter) https://t.co/GE61sMkQPg
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