@bburnworth Here’s some background

1. Global Vehicle Fleet

2. Natural Demand for new vehicles to support the evolution of the Global Vehicle Fleet

3. BEV Penetration S-Curve that you already alluded to

4. Evolution of BEV supply based on combining Natural Demand and the BEV Penetration S-Curve

5. Evolution of Tesla volume based on 20% Global Market Share of BEVs

Good news everyone, Jay Hoag gave us the simple 5 point playbook for finding Magical Companies in consumer technology.

1. product offers combo of value, convenience, selection
2. there's tremendous engagement
3. a virtuous cycle
4. tremendous execution
5. kinda crazy leader

Obviously Jay Hoag on ILTB is as self recommending as it gets

Thread:
An explosive new criminal complaint against Martin Inacker, the former CEO of @wpmeurocom in #Germany shows Inacker potentially double crossing his #Saudi clients by colluding with #Qatar to cover up Doha's #Hezbullah's sponsorship in exchange for hush money.

According to the complaint, Inacker had kept the terms of his initial agreement with the #Saudi Ministry of Information (following his work with the Saudi Embassy in Berlin) secret from @wmpeurocom 's Board of Directors.

He had used unethical methods to promote a hyperbolized, if not outright mendacious, brochure that was supposed to improve the image of #KSA and the royal family. He had promised a list of high level political and business context to the Saudis as part of his business.

A strategy paper developed by Inacker was leaked to the papers showing unethical, and possibly illegal pressure on ten journalists to switch their "tone" on #KSA as a result of Inacker's lobbying efforts.

However, despite throwing these journalists under the bus, by his own admission Inacker did not appear to have succeeded in pressuring them to "switch their tone". This shows Inacker's duplicity: 1) he lied to his Saudi clients about his alleged success.

Okay, let's learn this morning😊😊. Quote your replies.

1. What is the pronunciation of "SUITE?"

2. What's the difference between Homonyms, Homophones and Homographs?

3. Words Denoting Places, Profession/Trade.

A. What's a house of an Eskimo called?

B. A place for the collection of dried plants is called?

C. A place where spirituous liquors are produced is?

D. One who is skilled in the care of hands and feet is what?

E. One who cuts special stones is?

F. One who lends money at exorbitant interest is?

G. One who collects postage stamps is what?

H. The head of a town council or corporation is?

I. One who compiles the dictionary is ?

4. FLOUR is pronounced as _________?

"Small deals rely on promises and contracts. Big deals rely on alignment and trust."

@naval

1/ Interesting thing happening in the LIDAR industry right now. 5+ companies will soon or have SPAC'd. Their value is based on *projected* revenue that comes from *entirely overlapping* potential customers, with very little discount applied to future projections. Is this bad?

2/ And how did we end up here? SPACs aren't subject to the same effective restrictions on future revenue projections as traditional IPOs. It's totally possible the numbers will be correct for one of these companies. But it's not possible for all to be correct.

3/ SPACs may be a good thing for pre-revenue companies or companies that have chosen to go public before they meet the more customary milestones for an IPO ($100m in ARR, for example).

4/ If these companies were to be valued based on earnings today, they would be severely undervalued. But if you look at the market caps for each of these companies, they're each being valued as if they had already realized some of their ambitious future projections.

5/ Of course, it's certainly not unusual for startups to be valued based on future revenue projections, even in a highly competitive space. But I typically see private markets put a much larger discount on these future projections than what we see with these SPACs.

1/ Today we announce immi, a food brand we've been working on for 18 months. @kchanthasiri and I spent the past decade in tech and started over by learning the food industry from scratch. Here's why we're doing this, the $42bn food category we're tackling, and where we're going👇

2/ We met close to a decade ago working as product managers at a company called Kabam. We didn't know each other, but during a work trip in Vancouver one morning, we somehow arrived at the same noodle joint. We became the two PMs in our org. who bonded over noodles for breakfast.

3/ After Kabam, we stayed close friends and roommates, but both of us went separate paths. KChan stayed as a PM at a health-tech startup called Amino, and later went on to be a lead PM at Facebook. I went the early-stage venture route, most recently as an investor at @pearvc.

4/ Over our friendship, we discovered that we share similar family backgrounds in the Asian food industry. My grandparents are farmers in Taiwan and grow a fruit called a rose apple. KChan's grandmother ran a noodle stand in Thailand and his dad ran a Thai restaurant in LA.

5/ Our families immigrated to the U.S. so we could avoid working in the food industry. (Ironically, we've now come back full circle).

As we've grown older, we've noticed an alarming fact: our families are getting sicker due to chronic health conditions from unhealthy diets.

Since I go off on my Intel is like Wine rant about once a year, I thought why not just do it on the first day and get it over with. So, A Thread...

During my MBA in the Operations class, we had a lecture on different types of knowledge that go into production processes. Put simply--Some processes are Art and some are Science. But more specifically, you can separate process knowledge into two categories: Tacit & Codified

What makes knowledge codified versus tacit?

You can further categorize both the Producers knowledge of How to produce and Producer's knowledge of What the customer's want, thus resulting in the classic B-school 2x2.

Production for Coke is by formula and everybody knows exactly what a Coke taste like. For the Ritz-Carlton, knowing what makes a great experience for any particular customer is hard to know, but doing it (say placing chocolate covered strawberries in the room...is easy)

Here's our Sunday Wrapup
- Our 2021 Spring Previews are out (will be linked below
- Bike shortages will be a real thing this year. We're already feeling it with some brands.
- We're upset/scared/frustrated about Covid, and are limiting appointments to urgent repairs only.

City Bike Preview--> Breezer, @VSFManufaktur, @gazellebikesusa
Affordable transportation. Reliable & built to last (with 10 year warranties). Fun and easy to ride every day.

Gazelle E-bike Preview--> Ultimate Series (Completely Amaazing, and new!), Medeo Series (sporty and fun), Upright Series (Maximum Dutchiness).
--
Good availability on most models, limited availability on Arroyo Elite and EasyFlow

Family Cargo Bike Preview--> @ternbicycles @UrbanArrowcom @larryvsharry @babboe_bakfiets
--
So many amazing choices to have fun with your family while getting stuff done. Our family is rolling with a Larry vs Harry Bullitt, and a Tern GSD in 2021.

Cargo Bikes for Business -->
This is a new opportunity for local businesses to take advantage of an incredible $2000 grant toward an electric cargo bike. We're here to consult with you on the best way to move your business forward, on a

Belgian snapper Regine Mahaux took these pics in April of 2010. The same month that the brokeass TV reality host got his quickie refund from the government. He was the top Chapter 11 filer in America in the last 30 years. https://t.co/EnSFwjsHVo

"he was far more successful playing a business mogul than being one in real life."

"a president who routinely promotes his businesses in an official capacity while they haul in hundreds of millions of dollars from mostly unknown sources is a clear case of corruption"

After he lost the election he desperately raised $250 million using a variety of scams and false campaigns.

Beneath all the bluster, bullshit and braggadocio, he was always on the grift. Racing to stay one step ahead of creditors and tax investigations. When the cultists wake up they will see it was all about a pitchman pretending to be President to make money.

"If you create it for yourself, it’s art.

If you create it for others, it’s business."

@naval

Guys, I need a side hustle o. Something that will be bringing me small money like N5k-N10k everyday. As I work full time, I can only spend like 2 hours a day on it. I DON’T want to do forex trading or Crypto. Let’s assume a seed capital of N1 million. Any ideas? #NaijaKnowledgeX

Big congrats to @nonfungibles on releasing their 2020 Annual Non-Fungible Tokens Report! @NathalieBcht, @latelier & I thoroughly enjoyed partnering with them on it: https://t.co/uNvX18GcQV.
Some key takeaways from the report & my personal observations a/t #NFTs. A long-ish 🧵👇:

MARKET SIZE: The NFT market had a historic 2020 - tripled in value, reaching $250m (in terms of value of all #Ethereum transactions on chain, so actual market size is even bigger). This is rapid growth for a space that’s just a few years old.

Market is still volatile & prone to speculation but more sophisticated use cases are emerging based on utility, community, competitive elements. All are prerequisites for a more mature market. For all the hype around crypto, it is #NFTs that offer some of the more promising uses.

USERS: # of users transacting NFTs is up. So is interest in NFTs more broadly - using Twitter activity as a proxy, the uptick in interest is clear & rose 5x in Nov 2017- Sept 2020 (similar trajectory for #DeFi btw). BUT it's important to remember this is still a niche ecosystem.

PROFIT: Some NFT #Traders are commanding profits in the 100s of thousands. Again, this is still a niche activity. There are high barriers to entry (incl. technological) for non-crypto enthusiasts + asset prices are going up very fast. It's still hard to price and value NFTs.

In 2010 when Chris Bosh announced he would sign with the Miami Heat, I speculated that this meant Lebron would ultimately also sign with Miami so I called the ticket office the same day and bought a pair of season tickets.

So I bought two accounts on your service--one for personal use, and one for business use. Please react, large companies!

Microsoft: WHAT THE HELL IS HAPPENING OH MY GOD PLEASE KILL ME AND END MY TORMENT

Slack: You're my favorite two daily active users.

Google: Fuck your business account, why would you pay us? What is wrong with you?

LinkedIn: Has either account tried premium?

@jspujji @RomeenSheth @ampush @GatewayX Down!

5 PLANS TO SCALE UP YOUR BUSINESS IN 2021.

Last year was a horrible year for business owners especially MSMEs.

Most companies are striving to stay in business, some are just on the verge of bankruptcy while others have been brutally battered by uncertainties & downward curves.

But let’s analyze some factors to consider while making Executive Plans this year.

1. After the epic disruption of businesses by covid-19, firms need to understand that old ways are failing now. And the best approach to seek is to embrace this GLOBAL CHANGE.

If change is already happening in your business, why not get ahead of it?

When you do so, you’re using one stone to kill two birds- adapting to change & solving problems.
People are welcome to new innovation, they just need a reason to believe it. Embrace the change

2. No business or business model is immune from this catastrophe.
Reason: The customers' needs & their problems are in a constant state of change.

Your customers’ needs are a top priority. Focus on understanding how your CUSTOMERs react. A simple Q&A session will go a long way.

More often than not, staying in tune with the customers' needs & the problems you can solve is important. It is the gateway for future growth and innovation.

Since I have received many questions and crazy accusations, on this last day of 2020 let me give you a random collection of thoughts to close out this year. 1/n

1. I miss Asia. It's awesome. Most countries have a sense that things are getting better and that opportunities exist. From people starting businesses to sending their kids to better schools, there is a vibrancy and optimism that is infectious 2/n

2. Americans are a whiny narcistic self absorbed lot that rather then get down to a task and make things happen are content to complain ad nauseum. The world don't owe you $#!+. Get down to it and get on with it 3/n

3. I was wrong about some key things about corona but also right about some key things. Compared to public health experts I'm probably about even. 4/n

4. I don't really identify with either party. I am pro-immigration and anti-death penalty. I am a foreign policy hawk. I am pro-market but believe anti-trust regulation needs more focus. Socially liberal but think wokeness is idiotic. My issue views do not align with either 5/n