The hottest Finance Substack posts right now

And their main takeaways
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Top Business Topics

❄️💥 Quels risques en 2024 ?

Snowball • 1886 implied HN points • 21 Jan 24
💼 Business Finance
  1. Taiwan Semiconductor (TSMC) is a major tech company that manufactures chips for various devices.
  2. Experts and global leaders predict risks that could cause crises in 2024 like environmental issues and technology advancements.
  3. The internet's evolution to omnipresence due to smartphones raises questions about implications and opportunities.

How to Value a Startup: Key Methods Every Investor and Founder Should Know

The VC Corner • 539 implied HN points • 01 Jun 24
💼 Business Finance
  1. Valuing a startup is important but tricky since they often lack stable revenue. Founders and investors need to understand different methods to figure out a fair value.
  2. A successful valuation mixes both subjective and objective measures. This means looking at non-financial aspects like the team and market potential, as well as using data-driven methods.
  3. Two common methods for valuing startups are the Discounted Cash Flow (DCF) Method and Comparable Analysis. Both have their own steps and challenges, but they help paint a complete picture of the startup's worth.

Why small developers are getting squeezed out of the housing market

Noahpinion • 11588 implied HN points • 02 Mar 24
💼 Business Finance
  1. Traditional banks aren't willing to take on the risks associated with financing small real estate development projects due to the complex and risky nature of construction work.
  2. Small developers struggle to access financing from traditional lenders because they lack the track record and financial resources required to secure loans, creating a barrier to entry in the industry.
  3. Institutionalization of real estate development by large firms can lead to a loss of community identity, charm, and personalized building designs, highlighting the importance of supporting small developers in creating unique and vibrant neighborhoods.

Problems at Pattern Group (PTRN)

The Bear Cave • 303 implied HN points • 04 Dec 25
💼 Business Finance
  1. Pattern Group claims to use technology and data to help brands sell better on e-commerce platforms, but many say it's just a middleman selling products on Amazon.
  2. The company's business model, which involves buying from brands at wholesale prices and reselling at retail prices, has slim profit margins and isn't easy to grow.
  3. During an interview, the CEO struggled to explain how the business works, leading some to question if it's worth investing in.

IPO Watch: Ethos and Bitgo edition

Alex's Personal Blog • 131 implied HN points • 21 Jan 26
💼 Business Finance
  1. AI is reshaping markets fast: consumer and enterprise AI products are driving big revenue and valuations, while demand for AI coding tools is soaring and companies are promising to limit their energy and water impact.
  2. Geopolitical and demographic risks are growing, with fraying alliances, market jitters over treasuries, and falling birth rates that together threaten long-term economic stability.
  3. The IPO and venture exit picture is tough: Ethos is growing but listing below prior private valuations, BitGo shows huge topline crypto flows but thin core profits, and many software unicorns face low exit multiples that make strong returns harder.
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The School Bell Rings: Time for Class

Musings on Markets • 1778 implied HN points • 11 Jan 24
🚌 Education Finance
  1. Learning finance can be accessible! You don’t need a fancy background, just some curiosity and a bit of effort.
  2. Understanding the basics, like how money flows in businesses and what financial terms mean, is super important. It sets you up for success in finance classes.
  3. There are different ways to learn. You can choose free online classes or paid ones, depending on what fits your time and budget best.

4 Truths About OpenAI’s Wild Financial Position

Big Technology • 5504 implied HN points • 18 Oct 24
💼 Business Finance
  1. OpenAI plans to change how it looks at training costs, suggesting these might not be fixed over time. This could impact their profits, as training expenses are significant.
  2. OpenAI believes that ChatGPT will generate more revenue than its API, showing confidence in its widespread use. They expect more people will want to interact with AI in the future, which could be risky if the growth doesn’t happen as hoped.
  3. OpenAI is already making big payments to Microsoft, which is one reason they expect to lose a lot of money this year. If their losses continue at this rate, they will need to raise more money soon.

👑 Microsoft Overtakes Apple

How They Make Money • 1631 implied HN points • 19 Jan 24
💼 Business Finance
  1. Microsoft has overtaken Apple as the world's most valuable public company.
  2. Microsoft's success is attributed to a cultural shift, investments in AI, and strategic acquisitions.
  3. Microsoft's revenue sources are diversified across productivity, cloud, gaming, and other sectors.

Loose Ends

Doomberg • 10309 implied HN points • 28 Feb 24
💼 Business Finance
  1. It's important for analysts to reflect on their past work to improve and learn from mistakes.
  2. Understanding the political landscape is crucial for predicting market trends, especially in energy markets.
  3. The strategy of imposing sanctions against Russia may be ineffective and could have negative consequences on the global financial system.

Junk Bond Trader

Where's Your Ed At • 13056 implied HN points • 26 Oct 23
💼 Business Finance
  1. Elon Musk is perceived as a modern-day hustler, skilled at manipulating media and markets without creating tangible value.
  2. Musk's success lies in picking companies and products that promise eternal growth, even if the reality doesn't align with the hype.
  3. The acquisitions of SolarCity, Twitter, and the Cybertruck showcase Musk playing outside the odds, relying on emotion, and making risky bets.

Introduction to Runes on Bitcoin

DeFi Education • 699 implied HN points • 19 Apr 24
🔮 Crypto Finance
  1. Runes on Bitcoin are a new way to interact with the Bitcoin network. They provide innovative features that enhance its functionality.
  2. Hyperliquid recently airdropped a token called $PURR, which is linked to a farming guide that many users followed earlier.
  3. To access more in-depth content about Runes, a paid subscription is required.

Problems at Sportradar Group (SRAD)

The Bear Cave • 326 implied HN points • 20 Nov 25
💼 Business Finance
  1. Sportradar is a big player in sports tech, helping sportsbooks with data and software. They work with major sports leagues to provide real-time data for betting.
  2. There's concern that Sportradar might be involved with shady gambling operations, even while claiming to monitor fair play. They have partnerships that may not always align with regulated markets.
  3. With growing competition and complex regulations, investors are warned not to overlook the potential challenges faced by Sportradar as they navigate the gambling world.

❄️ 🚀 Une grosse annonce à vous faire. Ready ?

Snowball • 2614 implied HN points • 29 Mar 23
💼 Business Finance
  1. Snowball+ is a new collective of newsletters focused on personal finance in France, featuring various experts and tools.
  2. The launch price for Snowball+ is 9€ per month or 80€ per year, offering additional content and a diverse range of financial topics.
  3. Existing subscribers to Snowball will experience a price increase soon; new content will be added regularly to Snowball+.

DeFi Education Q&A (May 2024 pt. 1)

DeFi Education • 579 implied HN points • 04 May 24
🔮 Crypto Finance
  1. DeFi education is important for understanding finance and crypto. It helps people make informed decisions in the market.
  2. Q&A sessions feature experts who share their knowledge. This is a great opportunity to learn from experienced professionals.
  3. Staying updated with the latest trends in DeFi can lead to better investment choices. Engaging in discussions and asking questions enhances your understanding.

DeFi Education Q&A (May 2024 pt. 2)

DeFi Education • 479 implied HN points • 18 May 24
🔮 Crypto Finance
  1. The Q&A sessions provide expert knowledge from experienced professionals in finance and cryptocurrency.
  2. These sessions help subscribers understand the current state of the crypto market.
  3. It's a chance for new subscribers to ask questions and gain insights about DeFi topics.

MicroTimes Interviews T/Maker’s Heidi Roizen and Royal Farros (1994)

Computer Ads from the Past • 256 implied HN points • 08 Dec 25
💼 Business Finance
  1. They pivoted from selling a Mac word processor to focusing on content like ClickArt and multimedia ZoomBooks, and that shift unlocked rapid growth and consistent profits.
  2. They took VC money, bought other art libraries, and brought in experienced managers to redesign products and packaging so they could win retail shelves and sell at multiple price points.
  3. They invested in technical know-how (CD-ROM, multi-platform formats, a reusable ZoomBooks interface) and used joint ventures with TV networks and publishers to share costs and reach much bigger audiences.

Getting Even

Tigerfeathers! • 24 implied HN points • 27 Feb 26
💼 Business Finance
  1. India’s healthcare incentives are misaligned: fee‑for‑service and fragmented delivery reward more procedures while payers try to limit payouts, which drives opaque pricing, catastrophic out‑of‑pocket bills, and inefficient care.
  2. Vertically integrating care (telehealth → salaried primary care → in‑house diagnostics → lean secondary hospitals) aligns incentives, captures provider margins, lowers claims, and improves retention by making prevention and appropriate care financially sensible.
  3. Existing hospitals and insurers find this integration hard to copy because it cannibalises incumbent economics or requires new capabilities, so startups can build a durable advantage — but the model must guard against new risks like under‑treatment and needs long time horizons and smart regulation.

Understanding Illiquidity

DeFi Education • 759 implied HN points • 03 Apr 24
🔮 Crypto Finance
  1. Illiquidity can make it hard to quickly sell or buy assets. This means you might struggle to find a buyer or seller when you need one.
  2. Memecoins create buzz because small investments can sometimes lead to huge profits. It attracts traders hoping for quick wins.
  3. The hype around memecoins can distract from more stable investments. It's essential to understand the risks involved before diving in.

DeFi Education Q&A (March 2024)

DeFi Education • 939 implied HN points • 09 Mar 24
🔮 Crypto Finance
  1. The Q&A sessions provide expert insights from experienced professionals in finance and software, helping participants understand complex topics better.
  2. These sessions are designed to answer specific questions about decentralized finance (DeFi), making it easier for attendees to learn and engage.
  3. It's an opportunity for subscribers to gain knowledge in a bull market, where they can ask questions and receive advice tailored to their needs.

The Enshittification of Manchester United

Grace on Football • 1159 implied HN points • 06 Feb 24
🎾 Sports Finance
  1. The Glazers' ownership of Manchester United has led to mismanagement on and off the pitch, creating a downward trajectory for the club.
  2. The concept of 'enshittification' can be seen in how tech platforms first cater to users, then prioritize business customers over users, and eventually focus on extracting maximum value for themselves before declining.
  3. Manchester United's shift towards prioritizing commercial success over sporting success has negatively affected the club's growth and standing, leading to concerns about the future of the team.

Record Highs

A Havenstein Moment. • 1297 implied HN points • 20 Jan 24
💼 Business Finance
  1. Speculation and bubbles in the market can be harmful
  2. The capital development of a country should not depend on casino-like activities
  3. Consider subscribing to A Havenstein Moment for more insights

How I Grew My Substack Newsletter Views by 511% in 30 Days🤯

Kristina God's Online Writing Club • 819 implied HN points • 19 Mar 24
💼 Business Finance
  1. Experimenting can lead to big results in growing your newsletter. Trying new things is important for success.
  2. You might be surprised by how much more traffic your newsletter can get. It's possible to improve your visibility and engagement.
  3. Joining supportive communities and learning resources can really help you grow. Connecting with others can provide valuable insights and motivation.

Unexplained item in the inflation area

Off to Lunch • 1316 implied HN points • 17 Jan 24
💼 Business Finance
  1. Inflation in the UK rose unexpectedly, contradicting predictions from economists.
  2. The main drivers of the inflation increase were alcohol, tobacco, and government taxes on smoking.
  3. The rise in inflation may impact the Bank of England's decision on interest rates.

Premier League Money: The Economics of Winning, Relegation and Promotion

Original Football • 459 implied HN points • 14 May 24
🎾 Sports Finance
  1. Winning the Premier League not only brings glory but also substantial financial rewards through broadcasting revenue and merit payments.
  2. Relegation from the Premier League can have severe financial consequences for clubs, leading to reduced revenue and parachute payments to soften the impact.
  3. Clubs in the Championship strive for promotion to the Premier League due to the financial windfall it brings, especially through the lucrative Championship Playoff Final.

The 49-Year Unicorn Backlog🦄, AI has a gross margin problem🤖, The Path to CFO📚

The VC Corner • 379 implied HN points • 26 May 24
💼 Business Finance
  1. There is a significant backlog of unicorn startups that have yet to go public. This may impact the market's dynamics.
  2. Artificial Intelligence is facing challenges with its gross margins. Companies need to find ways to improve profitability as costs rise.
  3. There are clear steps and paths for finance professionals aiming to become CFOs. Understanding the necessary skills and experiences is crucial for career advancement.

DeFi Education Q&A (April 2024 pt. 1)

DeFi Education • 659 implied HN points • 06 Apr 24
🔮 Crypto Finance
  1. The Q&A sessions provide expert insights from experienced professionals in finance and software. This means you'll get reliable knowledge directly from people who really know what they're talking about.
  2. These sessions are just for paid subscribers, which helps ensure quality content and an engaged audience. It's a space designed for those who are truly interested in learning more.
  3. The focus is also on staying updated with the fast-moving world of cryptocurrency and finance, so you'll always be learning the latest trends and information. It's an opportunity to grow your understanding of DeFi in real-time.

DeFi Education Q&A (March 2024 pt. 2)

DeFi Education • 759 implied HN points • 21 Mar 24
🔮 Crypto Finance
  1. The Q&A sessions are designed to help people understand the market and get expert advice.
  2. These sessions feature experienced professionals who share their knowledge about finance and investing.
  3. New subscribers can benefit from these discussions to get a better grasp of DeFi and the current market trends.

#45 - Thought Experiment - Your "flexible" is hiding operational debt

OSS.fund Newsletter • 94 implied HN points • 22 Jan 26
💼 Business Finance
  1. What you call flexibility may be hiding operational debt: manual workarounds, spreadsheets, and institutional memory erode margins and create single points of failure.
  2. AI can encode client-specific rules and handle exceptions at scale, letting you deliver personalized experiences without increasing marginal human effort.
  3. Audit recent special deals, map their hidden workflows, and encode repeatable rules so agents handle predictable exceptions while humans focus only on true edge cases.

Do you ever wonder? Podcast

Erdmann Housing Tracker • 42 implied HN points • 12 Feb 26
💼 Business Finance
  1. A podcast interview explains the main forces shaping today’s housing market in a clear, approachable way.
  2. The conversation is concise—under an hour—so it’s a quick way to get up to speed on key ideas.
  3. It serves as an accessible introduction to the speaker’s perspective on housing, useful for newcomers and busy listeners.

DeFi Education Q&A (April 2024 pt. 2)

DeFi Education • 539 implied HN points • 20 Apr 24
🔮 Crypto Finance
  1. The Q&A sessions are led by experienced people from finance and crypto, so you can learn a lot.
  2. These sessions help both new and existing subscribers stay updated on the latest in DeFi.
  3. It's a good opportunity to gain insights and ask questions to deepen your understanding of decentralized finance.

10 Things I Learned From the Epstein Files

The Corbett Report • 38 implied HN points • 07 Feb 26
📰 News Finance
  1. Jeffrey Epstein had deep ties to intelligence services, wealthy elites, and global institutions, appearing to act as an operative, fixer and broker between governments, businesses and security actors.
  2. The released files show troubling links across finance, technology and internet culture — from coded "pizza" communications and 4chan connections to funding in bitcoin and gaming — suggesting a broad network of influence and possible abuse, though many items are suggestive rather than definitive.
  3. The DOJ release is partial and heavily redacted, exposed survivors, and left major questions unanswered about his death and who else was involved, prompting calls for more documents and accountability.

DeFi Education Q&A (February 2024 pt. 2)

DeFi Education • 879 implied HN points • 24 Feb 24
🔮 Crypto Finance
  1. Q&A sessions give you insights from experts in finance and software. It's a great way to learn from people who know the field well.
  2. These sessions are for anyone interested in DeFi, whether you're new or looking to deepen your understanding. Everyone can benefit from the information shared.
  3. Being part of these discussions can help you make better decisions in your financial journey. Engaging with knowledgeable individuals can provide clarity on complex topics.

Foxtrot's ashes still burn

Snaxshot • 599 implied HN points • 28 Apr 24
💼 Business Finance
  1. Foxtrot's financial troubles include 6-figure unpaid invoices and lawsuits.
  2. Snaxshot became a go-to source for news about Foxtrot's closure, acknowledged by various reputable outlets.
  3. Subscribing to Snaxshot gives access to exclusive content and a 7-day free trial.

Chartbook 393: Whither China? - World Economy Now, June 2025 Edition

Chartbook • 1130 implied HN points • 22 Jun 25
💼 Business Finance
  1. China's economy plays a huge role in the global market, being the largest in terms of purchasing power parity. Changes in China's demand and trade affect many other countries, especially regarding exports.
  2. China's rapid growth over the last few decades has been extraordinary, as it has transformed from a very poor nation to one considered an upper-middle-income economy. This shift is significant for one-sixth of the world's population.
  3. Several challenges face China's economy today, such as high youth unemployment and potential deflation. These issues make it critical for China to find new ways to stimulate growth and address its changing economic landscape.

Building An Empire

Compounding Quality • 982 implied HN points • 03 Feb 24
💼 Business Finance
  1. Kelly Partners Group is a professional services firm offering accounting and consulting services.
  2. The company aims to emulate 'The Berkshire Hathaway of Accounting' through strategic acquisitions.
  3. Kelly Partners Group showcased great financial results and expansion, including a move into the United States.

Inside The Savannah Bananas: $80M+ In Ticket Sales, $50M+ In Merch, And A $1B Valuation Debate

Huddle Up • 61 implied HN points • 26 Jan 26
🎾 Sports Finance
  1. The Savannah Bananas sold about 2.2 million tickets across 113 games. That likely generated roughly $75–80 million in ticket revenue, putting them on par with many MLB teams.
  2. Merchandise became a massive revenue stream, with 787,000 buyers purchasing nearly 2 million items and driving over $50 million in sales. That likely exceeds retail revenue for many MLB clubs.
  3. Big revenues hide big costs: high player salaries, 700+ employees, and large travel and production budgets make the operation resemble a touring show more than a single-stadium team. Those expenses complicate profit margins and any claim of a $1 billion valuation.