So how does it work?
Everyone loves a good burger.
But what if we told you that the same burger moonlights as an economic tool?
A thread...
So how does it work?
However, if the actual exchange ratio was 1:5, investors might predict that the Yuan is cheaper/undervalued by 20%.
![](https://pbs.twimg.com/media/E4AF31HVIAsJh1E.jpg)
Why just the Big Mac though?
Moreover, the Big Mac is mostly produced to the same specifications around the world & hence, the costs of producing the burger should be relatively standard.
So the Economist takes into account the Maharaja Mac (which has chicken) as India’s entry to the Big Mac Index.
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brew / bru : / to make (beer, coffee etc.) / verb: begin to develop 🌱
A place for you to enjoy premium content while supporting your favorite creators. Sort of like a ‘Consumer-facing Patreon’ cc @jackconte
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3/ So, why be so transparent? Two words: launch strategy.
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cc @altimor, @pmarca
4/ https://t.co/GOQJ7LjQ2t domain 🍻
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Week 1 highlights: getting shortlisted for YC W2019🤞, acquiring a premium domain💰, meeting Substack's @hamishmckenzie and Stripe CEO @patrickc 🤩
2/ So what is Brew?
brew / bru : / to make (beer, coffee etc.) / verb: begin to develop 🌱
A place for you to enjoy premium content while supporting your favorite creators. Sort of like a ‘Consumer-facing Patreon’ cc @jackconte
(we’re still working on the pitch)
3/ So, why be so transparent? Two words: launch strategy.
jk 😅 a) I loooove doing something consistently for a long period of time b) limited downside and infinite upside (feedback, accountability, reach).
cc @altimor, @pmarca
![](https://pbs.twimg.com/media/DrUtIBAVAAEEsRp.jpg)
4/ https://t.co/GOQJ7LjQ2t domain 🍻
It started with a cold email. Guess what? He was using BuyMeACoffee on his blog, and was excited to hear about what we're building next. Within 2w, we signed the deal at @Escrowcom's SF office. You’re a pleasure to work with @MichaelCyger!
5/ @ycombinator's invite for the in-person interview arrived that evening. Quite a day!
Thanks @patio11 for the thoughtful feedback on our YC application, and @gabhubert for your directions on positioning the product — set the tone for our pitch!
![](https://pbs.twimg.com/media/DrUt_HsU4AMcmkE.jpg)