Diet TBPN

Stripe’s $53B PayPal Offer, OpenAI’s First Device, TBPN’s New Business Ideas | Diet TBPN

You have a $50 billion company printing 5.5 billion in free cash flow. You can use a lot to finance debt, obviously, which is what's proposed here. Uh 400 million uh consumer accounts. So, lots of consumers have PayPal accounts, have Venmo accounts. Maybe they're not fully active, but they're ready to be engaged. It's a huge footprint and huge distribution mechanism. Uh, and they have bank info attached. That's difficult. You can't get that from many other consumer applications.

Invest Like the Best with Patrick O'Shaughnessy

Jeremy Giffon - The Billion Dollar PDF - [Invest Like the Best, EP.481]

The most interesting businesses and the most interesting investments are the ones where the value of the business and the price of the business have radically disconnected, and private markets are full of that right now because there's been no price discovery.

Invest Like the Best with Patrick O'Shaughnessy

Alex Sacerdote - How to Invest Through Technology Cycles - [Invest Like the Best, EP.477]

The real insight is that the S-curve is not just a technology adoption curve — it's also a valuation curve. The multiples that investors are willing to pay expand dramatically as a technology moves from the early adopters to the early majority, and then compress just as dramatically as growth slows and the technology matures.

Diet TBPN

Snap SPECS, Taste Labs Timeline Turmoil, AI Execs at G7 | Diet TBPN

If a startup launched this product and was able to do the demos that they can do, that startup would be able to raise at I would say easily a billion just based on current market conditions. But they're a startup is evaluated a lot differently of course than a you know public company that has spent somewhere in the range of three half billion dollars building this product.

Diet TBPN

Snap SPECS, Taste Labs Timeline Turmoil, AI Execs at G7 | Diet TBPN

If a startup launched this product and was able to do the demos that they can do, that startup would be able to raise at I would say easily a billion just based on current market conditions. But a startup is evaluated a lot differently of course than a you know public company that has spent somewhere in the range of three half billion dollars building this product.

Diet TBPN

SpaceX Takes Off, Cursor's Wild Rise, Snap Bets on AR Glasses | Diet TBPN

In the past five days we've seen the biggest VCbacked IPO ever and the biggest VCbacked strategic sale ever. We've never had a an M&A of a VCbacked company young startup north of 50 billion. Like 60 billion is so so big. We sort of lose sight of it because we're talking about a trillion dollars for this company, three trillion for that company. But 60 billion is beyond a home run.

Invest Like the Best with Patrick O'Shaughnessy

Alex Sacerdote - How to Invest Through Technology Cycles - [Invest Like the Best, EP.477]

The other thing I'd say is that many technology companies that are mature actually trade more like value stocks. So sometimes in the market, you can find these cheap-by-traditional-metrics technology companies. The reason they're cheap is because they're growing slowly and they've already crossed the S-curve. But they can still be excellent free cash flow machines.

Invest Like the Best with Patrick O'Shaughnessy

Alex Sacerdote - How to Invest Through Technology Cycles - [Invest Like the Best, EP.477]

The great irony of technology investing is that the stocks that look the most expensive at the beginning of an S-curve are often the cheapest, and the stocks that look the cheapest at the end of an S-curve are often the most expensive.

SpaceX IPO Gigastream

SpaceX IPO Gigastream

Bill Gurley doesn't want a crazy pop on day one, doesn't want it to go up 100%. If we're in 10, 20, 30% range for something this big, that just feels like... Everything came together properly.

Radiolab

Worth

This episode makes three earnest, possibly foolhardy, attempts to put a price on the priceless. We figure out the dollar value for an accidental death, another day of life, and the work of bats and bees as we try to keep our careful calculations from falling apart in the face of the realities of life, and love, and loss.

Compound Interest

Who Wants To Own Big Law?

Litigation finance is simply treating litigation claims as financial assets. You know, when you think about what litigation is, stepping back, it's just an effort for the most part to get money to move from one party to another.

Prof G Markets

The Ceasefire Is Cracking — What Markets Are Missing | Prof G Markets

Earnings are holding up, but multiples were not. And to me that's really the story because you know if anything estimates have gone higher and you were getting you know the tech sector at the lowest multiple going back to 2022.

TBPN

We're Back! $1B GLP-1 Lessons. AI Funding Debates. China's 2030 Master Plan.

Companies don't unilaterally trade at 1x revenue. Like that's that that's sort of a given in this article. It's sort of presupposed that if you're doing 1.8 billion in revenue, uh, you would trade above a billion dollars.

Prof G Markets

War With Iran Is Rewriting Global Markets | Prof G Markets

If you dollar adjust it, if you're a foreign investor last year, out of 23 major markets, the US came in 21st.

The Prof G Pod – Scott Galloway

The man who predicted the 2008 financial crisis on impending market risks @RealEismanPlaybook

So much money is being spent. Are the returns that these companies are going to generate going to justify those returns? I suspect not.