I read this with great delight. This author managed to model private market venture returns using only public market stocks. The point he makes is that the underlying driver of the returns is innovation, and there’s plenty of that to […]
“I went through my inbox and every single stock chart that was being marketed through the IPO Access program looked like that [a downward sloping line].” | learn more
An entertaining set of stock charts. But also, to state the counter-argument, any one of these could pan out asymmetrically (let’s say, 100x), making the losers irrelevant. | learn more
The story of United Airlines, a newly announced strategy, and a 15% drop in their stock price. | learn more
The Chinese coffee startup (founded 2017) was a high-flyer until April 2020 when it came out they had fabricated sales figures. I stopped paying attention then, but China really wants a domestic alternative to Starbucks. | learn more
The company, founded in October 2017, already operates over 3,500 locations. They were compared favorably to Starbucks last year. Now, their recently-listed stock fell 80% after an investigation found the COO fabricated sales figures (like, a lot). | learn more
Alex Rampell, partner at a16z, suggests a unique way of looking at bay area housing prices. What if you compare increasing housing cost to an index of valley tech stocks? Well, the housing market looks stable or even deflationary based […]