Since then, Charlie Bilello has written up deeper dives into a number of portfolio companies. Below are my thoughts from each of those posts.
If of interest, feel free to reach out to me or Charlie to learn more about the 8 to 80 Portfolio.
“Apple is now almost all about subscriptions. There are now one billion iPhone users and growing, but the stock won’t be valued on hardware growth anytime soon. …
A few weeks back I wrote about the finTAM explosion across the globe. Alpaca is at the center of it. Today, Alpaca’s founder Yoshi Yokokawa joins me to talk about the company and the opportunity.
Guest: Yoshi Yokokawa
Profile: Founder of Alpaca
Where to Find Him: LinkedIn, Twitter
Fun Fact: If you want to hear Yoshi fawn over how great it is working with Social Leverage, check out this quick video up on our Youtube channel.
What’s the Panic About:
Yoshi Yokokawa is on fire — and no not because he is currently living in San Francisco amidst the wildfires. What I mean is that his fintech company Alpaca is growing fast, which is great for me because Alpaca is also a part of Social Leverage’s portfolio. Yoshi’s company builds API’s for stock trading, essentially allowing anyone to build a brokerage and offer free trading with real-time market data. I’ve always been bullish on Yoshi. We hit it off right away and I appreciate his perspective on fintech and investing. On this episode, Yoshi and I discuss the history of his company, the problems they’ve faced, APIs, optimizing the customer experience, and of course I had to ask if he prefers the food in Kyoto versus Osaka. Hope you enjoy the episode! …
Good morning everyone. I am trying out a new post format for my ‘Panic With Friends’ podcast. It is inspired by Patrick O’Shaugnessy podcast notes and will hopefully give everyone a better feel for the guest and the episode.
Guest: Alex Danco
Profile: Currently at Shopify, @alex_danco on Twitter
Fun fact: Alex didn’t start out in tech; he actually has a Master of Science in Neuroscience. He began his tech journey after leaving graduate school to begin a startup. Alex has a fantastic weekly newsletter “Two Truths anything and a Take”
What’s the Panic About:
I started this episode like any sane person would: with a cigarette, a shot of tequila, and a jolly rancher. On the other line and all the way in Toronto was Alex Danco. I’ve been a fan of Alex’s for a while, following his success from his days at Social Capital to his great newsletter. Alex is a writer, former associate at Social Capital, currently at Shopify Money, and a fellow jolly rancher lover. He started making a name for himself in the tech space after his blog post “Dropbox: The First Dead Decacorn” went viral. In this episode, listen in as Alex and I chat about our favorite spots in Canada, Alex’s time working with Social Capital’s Chamath Palihapitiya, his take on Shopify and what makes CEO Tobi so great, SPACs, crypto, the increasing importance of brands’ style and taste, and more. …
I don’t own any bonds.
I doubt I ever will.
My small bond allocation is in short term treasuries (if you call those bonds then yes I own bonds), but they basically yield me zilch (my advisor Charlie handles this for me). Charlie and I have spent the last year thinking through portfolio construction for clients in a world of zero and negative interest rates and I can’t recommend bonds in this interest rate environment.
Rates in many countries around the world have gone negative and interest rates in the USA seem headed that way.
Last week, Warren Buffett chimed in on the negative interest rates with a confused warning. Make sure you listen to it. …
I was over on Coronado for a few days as team Stocktwits had their 11th annual Stocktoberfest.
One of my friends -Jon Boorman- has attended all of them and I generally only see him one or twice a year at the Stocktwits events.
This year I did not see him, but did not think much of it because we all live busy lives.
At dinner this evening, Ivanhoff mentioned to me a tweet from Jon Boorman just came through to him that stated he had a brain cancer that he would not beat.
I looked up Glioblastoma just now and my heart is sinking.
Jon is at peace that he will not beat it and wrote that ‘he is living his best life’.
I hope to be so brave.
Originally published at Howard Lindzon.
As a reminder, Marketsmith (by Investor’s Business Daily) is now a sponsor of the weekly show. All the charts you have been seeing in the videos and will continue to see are from Marketsmith. They are offering my readers a three week trial for $19.95. Click this link if you would like to try it out.
We are entering month TWO of the government shutdown. The markets enjoyed the first month gaining 10.5 percent…a shutdown record.
Using my fingers and toes I have extrapolated a gain of 125 percent for the markets this year if the government remains shutdown.
Just in case my simple formula does not work, Ivanhoff and I decided to make this episode of ‘Momentum Monday’ (click to watch). …
Before I get into it…yesterday I had a Sunday Brunch at a favorite spot in SOHO — 12 Chairs — an Israeli restaurant. The food is so fresh and fantastic, and the energy of the small restaurant was high. I was really surprised by the fresh cheesecake for dessert which was delicious.
Everyone wants to scale a startup or break 70 in their diapers….
The Thumbtack founder shared a great post yesterday (8 lessons) on scaling/growing a startup to $1B. Read it all.
Because I have seeded a few $1B companies at Social Leverage, lesson #4 stood out The best companies win on product innovation AND business model…
I have been working this week in New York visiting portfolio companies and talking to investors.
On Friday I was over at the Vice HQ in Brooklyn brainstorming sharing some show ideas I have for a financial vertical. For Vice, it is their job. For me it was just fun to share the ideas I have been fleshing out for years.
Today, I am just going to go through the markets, read pitch decks, return mail and grab some food at my favorite spots in the neighborhood. Here is the view from my lobby at 60 Thompson…
The markets are doing better than I expected which has helped a lot of growth stocks regain their 50 and 200 day moving averages. That is very constructive. …
Acid — Yes
Coffee — No
Block out the time and have a listen and or watch because it really is great.
Have a great Saturday.
Originally published at Howard Lindzon.
The attention war is in full force.
Netflix reported earnings tonight and a few things stood out to me:
1. Netflix called Fortnite (Tencent) a more formidable competitor than HBO.
2. The billions in cash they are spending
3. Their ability to raise prices.
Until Disney launched a real competing product, Netflix can and should remain all in on spending for content. They will continue to get a pass.
They can and will continue to raise prices and if they have to, create tiers.
The battle for attention in a 24 hour day is thermo nuclear.
As for Netflix raising prices…I.WILL.PAY.MUCH. …