Gimmicky isht like this is never a good sign
1/ Some signs to look for that suggest your startup equity won't be worth shit
(note: there are probably exceptions but generally, these will steer you right)
Gimmicky isht like this is never a good sign
That's ok at the early stages but eventually you gotta build some shit for customers
If you're bragging about your investors at Series B, C, the actual biz model is fundraising
This is co revenue / total raised
Esp problematic as companies get more mature
The best companies are machines at turning $ raised into revenue at some point
Bit more here https://t.co/xo0rNZ631n
Some SaaS revenue/raise ratios of cos (anonymized) who've raised in last 3 months.
— Anand Sanwal (@asanwal) November 30, 2018
Collaboration software = 0.25-0.37x
Research & data analytics = 0.28x
Biz Intelligence = 0.12x
Some comparison points
Domo pre-IPO = 0.16x
Tableau (at IPO) = 8.51x
Frothy out there or rational?
In 2020, they said they'd do $25M in revenue to a journalist
In 2021, tell other journo they did $15M in 2020 and are expecting $50M in 2021
Beware of team good at storytelling but who stink at actual delivery
Personal brand building founders trying to be 'gurus' are almost always a total dumpster fire
These folks aren't actually motivated by the problem they're solving. They just see an opportunity for a quick flip
They'll get bored when the momentum dies and then they'll pivot to web3
https://t.co/46NzVF6Gu5
10000%
— Anand Sanwal (@asanwal) January 28, 2022
There are going to be a ton of folks whose options are dead money cuz the 409a is very close to preferred share price AND the preferred share price is just too damn high
If joining a startup, heed this advice https://t.co/tuKcwGEvm8
https://t.co/VF2ySmZb7k
Your startup has more than 5 people
— Anand Sanwal (@asanwal) December 12, 2021
Here's 18 things you can do in 2022 to screw it up
Want your startup to end 2022 weaker than when you started?
Follow these tips
\U0001f9f5 (ya, I know)
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Curated the best tweets from the best traders who are exceptional at managing strangles.
• Positional Strangles
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• Plenty of Examples
• When to avoid
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How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr
• When to sell
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— Mitesh Patel (@Mitesh_Engr) February 10, 2019
Strangle selling. ( I am doing mostly in weekly Bank Nifty)
When to sell? When VIX is below 15
Assume spot is at 27500
Sell 27100 PE & 27900 CE
say premium for both 50-50
If bank nifty will move in narrow range u will get profit from both.
Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in
Few are selling 20-25 Rs positional option selling course.
— Mitesh Patel (@Mitesh_Engr) November 3, 2019
Nothing big deal in that.
For selling weekly option just identify last week low and high.
Now from that low and high keep 1-1.5% distance from strike.
And sell option on both side.
1/n
1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr
• Sold Strangles 20% cap used
• Added 20% cap more when in profit
• Booked profitable leg and rolled up
• Kept rolling up profitable leg
• Booked loss in calls
• Sold only
Sold 29200 put and 30500 call
— Mitesh Patel (@Mitesh_Engr) April 12, 2019
Used 20% capital@44 each
2nd example by @Mitesh_Engr Sir on converting a directional trade into strangles. Option Sellers can use this for consistent profit.
• Identified a reversal and sold puts
• Puts decayed a lot
• When achieved 2% profit through puts then sold
Already giving more than 2% return in a week. Now I will prefer to sell 32500 call at 74 to make it strangle in equal ratio.
— Mitesh Patel (@Mitesh_Engr) February 7, 2020
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