Time for a thread with a live example that is playing out in front of us! 🎵🎵
“What is elementary, worldly wisdom? Well, the first rule is that you can’t really know anything if you just remember isolated facts and try and bang ‘em back. If the facts don’t hang together on a latticework of theory, you don’t have them in a usable form.”- Charlie Munger
Charlie Munger who is the partner of Warren Buffett, has over the years explained the importance of creating a latticework of mental models. That is basically combining theory with live practical examples
One of the most interesting mental models he talked about in his books was that of Autocatalysis (lets understand this and how we can apply it to a live example):
"Disney is an amazing example of autocatalysis. They had all those movies in the can.
They owned the copyright. And just as Coke could prosper while refrigeration came, When the video cassette was invented, Disney didn’t have to invent anything or do anything except take the thing out of the can and stick it on the cassette.
A thread of wisdom from:
First, recognize that there are no new ideas.
Innovation is just rearranging existing concepts in a revolutionary way.
To get better at that, learn to combine your unique interests.
I wrote about this
offers a five step process for generating inspiration:
1. Gather raw material.
2. Work over them in your mind.
3. Let your subconscious mind process them.
4. Have a “Eureka" moment.
5. Shape and develop your idea — make it
suggests increasing your creativity by being prolific
Generate as many ideas as you can, as often as you can
Have a daily routine that primes your mind for
looks for a specific combination of traits in order to determine if an idea is worth pursuing
The criteria are:
- doesn't exist in that exact form
- something she can uniquely contribute
I received 710 answers
Here are 20 top stocks that have 50x+ potential:
1: Alteryx - $AYX
Market cap: $5.1 billion
What it does: Big data analytics
2: Boston Omaha - $BOMN
Market Cap: $900 million
What it does: Berkshire Hathaway 2.0
3: Beyond Meat - $BYND
Market Cap: $7.9 billion
What it does: Plant-based meat
4: Desktop Metals - $DM
Market Cap: $2.3 billion
What it does: 3D Printing
why have i not been doing this the whole time it took her three hours and it was $70.
this is the life hack i did not know i needed as an absolutely drowning and burnt out millennial who cannot figure out how to just open an envelope and pay a bill because it drains me of my will to live
I have finished my day and i am completely caught up, signed up for paperless and recurring billing, have mailed a dozen thank you cards I wrote and just ... never took to the post office, and gathered my tax information to submit.
like, why didn't anyone tell me.
you can find bonded, experienced people who do this for a living on https://t.co/4OpHGkl8Nq and they charge between 15 and 25 dollars an hour. I have canceled a variety of online memberships I don't use enough so that I can pay her to come back every other week. I am thrilled.
Props to my mother who looked at my "here's the box I put shit I can't bare to deal with right now" box and said "Have you considered hiring a personal assistant? They are cheaper than you think."
BLEW MY GD MIND.
Why do companies like Quibi raise billions, while companies like Peloton get nothing?
Because fundraising is a GAME
And the insiders keep the rules to themselves.
Here are 100 tips the insiders don’t want you to see but will help you win the game:
1. You can’t play the game without nailing the basics.
There are 5 core ingredients to a startup pitch.
Most have 2.
Good ones have 4.
The best have all 5.
There\u2019s a lot of bad advice out there on how to pitch your startup.— Romeen Sheth (@RomeenSheth) April 10, 2021
Last year, I invested $1M+ and heard 200 companies pitch.
Every great pitch I've heard nails 5 ingredients.
In this thread, we'll go through each to help maximize your chances when fundraising
Let's dig in\U0001f447 pic.twitter.com/FBaUUWHz8L
2. Now that you have a grasp of the basics, it’s time to level up.
Good news - most founders make the same mistakes as each other.
Bad news - these mistakes are really easy to make.
Here's what not to do:
0/ After evaluating 200+ startups this year, I've been in some awesome and not so awesome pitches.— Romeen Sheth (@RomeenSheth) December 28, 2020
Here are the top 10 mistakes I see Founders make that routinely derail fundraising \U0001f447\U0001f447\U0001f447
3. Ok so you told me what not to do.
So what should I do?
0/ Last night I tweeted about the top 10 things Founders do that derail fundraising. It struck a chord. 2,500+ liked the tweet.— Romeen Sheth (@RomeenSheth) December 30, 2020
I got a ton of DMs asking the opposite question: \u201cWhat are the top things Founders do well when fundraising?\u201d
Here's my top 10 \U0001f447\U0001f447\U0001f447
4. We’re in a really unique fundraising environment right now.
It’s important to contextualize all these tips in the “here and now” of what’s going on in the landscape.
Raising money for startups is wild right now. I\u2019ve never seen anything like it.— Romeen Sheth (@RomeenSheth) May 5, 2021
Lots of Founders are wondering how to approach it and who they should partner with.
Here are 10 observations / practical tips I've shared with 100+ Founders in the last few months \U0001f447\U0001f447\U0001f447
Take Australia for example. It is home to 1/3rd of the world’s uranium - the chemical element needed to produce nuclear energy in reactors but doesn’t have a single nuclear reactor to generate electricity.
Which is fine as long as you have other sources of energy that are cheap, plentiful and reliable. But South Australia’s energy prices are arguably the highest in the
The European Commission released a very important report this April. In its assessment, it concluded that nuclear energy had near to zero greenhouse gas emissions in energy generation phase and can be a contributor to climate mitigation
What about radioactive waste management? France which produces 75% of its energy requirements from nuclear is a great example.
I completely agree that CDSL is a business that produces ample amount of Free Cash. So, it begs the question: "What are they doing with all that cash?" Generally, firms can utilize the cash on their books in 4 ways: Dividends, Acquisitions, Capex/Investments and Buybacks. (2/11)
CDSL does have a Dividend Payout Ratio of ~35-40%. But Dividends are the least efficient way of utilizing cash, due to the Triple Taxation on Dividends. More
Handled well, Inorganic Growth is so lucrative that some companies build their business models around acquisitions (Say, MSSL or Cyient). However, CDSL literally CAN'T be one such company. Read 7 (c) of the below regulatory document to know more:
CDSL can also reinvest cash into their own business, like most companies do. But CDSL (And most Exchanges) have little need for Capex/Reinvestment. CDSL's IPO came in at Rs. 523.99 Crores. Two years in, the Cash and Investments on their books stands at Rs. 650 Crores. (5/11)
2/ Intel's Gelsinger: "I don’t expect the chip industry is back to a healthy supply-demand situation until ’23. For a variety of industries, I think it’s still getting worse before it gets better.”
Are chips in warehouses the prime cause of the shortage? No. Demand is higher.
3/ "Software eating the world" means rising demand for chips.
I'm skeptical that this increase in chip demand is "transitory."
Fabs and backhoes don't increase with Moore's law. https://t.co/m7ZreQTzow
4/ If you invert Nathan's 1st Law:
Software can't expand faster than the chips and memory that enables its magic.
Broadcom's CEO believes chip production is a mature industry that will return to lower growth. I disagree in the medium term at least.
…Like kia and Hyundai gives good features in just Rs 17 lakh car as compared with Rs 45 lakh BMW. Kia and Hyundai gives almost all features of BMW in just Rs 17-20 lakh car. So there is huge competition in automobile companies in terms of features, who gives more features in…
…low budget. And in all such digital features ASM TECHNOLOGIES is a leading player. #ASMTechnologies.
Here is a summary of 10 companies I follow and what they do:
$RBLX is a gaming platform where users can create games and monetize them by charging “Robux”. Kind of Youtube for Games. Users also spend money buying tickets to events, gaming avatars, etc.
Average Bookings per DAU: $15.48
FCF (TTM): $518M
$CRWD, currently valued at $57B is a cybersecurity company. ‘Falcon’ is a cloud-native platform and uses AI to detect threats. Collects More Data - More Learning - Better Detection & Protection. It can protect your laptop as well as devices running on IoT
$BABA is a group of Chinese E-Com marketplaces and businesses. Its 2 primary marketplaces - TMall [like Amazon (B2C)] & Taobao [like eBay (C2C)], have 800M+ annual active users. Apart from this, it also has a Cloud business.
Mobile MAUs: 925M
Ecosystem GMV: $1.2T
$PATH aims at automating the mundane tasks at the workplace and thereby save on time and productivity. Say you have an invoice in PDF format, UiPath will read it and capture the date, amount, category etc and enter the data in your database.
ARR - $653M
MCap - $35B