The hottest Finance Substack posts right now

And their main takeaways
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ServiceTitan S-1 Breakdown

Tanay’s Newsletter • 82 implied HN points • 05 Dec 24
💼 Business Finance SaaS IPO Growth Technology
  1. ServiceTitan is a software company that helps tradespeople like plumbers and electricians run their businesses better. They provide tools for managing customer relationships and service workflows.
  2. The company has been growing quickly, with a revenue increase of 24% in the last year. They make money from subscriptions, payment processing fees, and professional services.
  3. ServiceTitan is preparing for an IPO and plans to manage investor concerns about profitability. They have strategies in place to handle potential valuation drops and minimize shareholder dilution.

What's Next for SAS? (Again)

thomaswdinsmore • 199 implied HN points • 02 Jun 24
💼 Business Companies IPO Leadership Finance Growth
  1. SAS founder Jim Goodnight faces a transition in leadership and ownership as he's 82 with no children engaged in the business.
  2. Options for SAS's future include selling to employees, a corporate buyer, or private equity investors, all of which may lead to restructuring.
  3. Despite initial plans to go public, SAS has faced challenges with growth and profitability, leading to multiple delays in the IPO process.

MicroStrategy's $37B+ Bitcoin Bet (Is Just The Start)

SatPost by Trung Phan • 106 implied HN points • 30 Nov 24
🔮 Crypto Bitcoin Investing Finance Market Trends Business strategy
  1. MicroStrategy, a software company, has made a huge shift by investing over $37 billion in Bitcoin. This change aims to protect against inflation and economic instability by using Bitcoin as a long-term store of value.
  2. Michael Saylor, the company's CEO, believes that Bitcoin is the best asset for wealth preservation compared to traditional investments like gold or real estate. He sees it as essential for economic freedom and stability.
  3. By issuing convertibles and equity to raise money, MicroStrategy has created a unique business model that offers investors exposure to Bitcoin without the hassles of buying it directly. This approach is attracting various institutional investors looking for Bitcoin-linked financial products.

How Live Sports Helped Netflix's Stock Surge 400%

Huddle Up • 16 implied HN points • 24 Jan 25
💼 Business Investing Finance Markets Economics Consumer Trends
  1. Live sports have become a key factor in Netflix’s success, contributing to a significant increase in its stock price. It seems that people love watching sports, and that keeps them subscribed to streaming services.
  2. The involvement of high-profile investors, like Bill Ackman, in companies can also impact market trends and stock prices. When a big name invests, it often grabs attention.
  3. Streaming platforms are adapting to include live events to attract and retain viewers. This shift highlights the importance of diverse content to engage audiences.
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Why Synchronous Atomic Composability Matters

Dan Hughes • 99 implied HN points • 12 Jul 24
🔮 Crypto Blockchain Smart Contracts Decentralization Finance Web3
  1. Atomic composability is about ensuring that all parts of a transaction either succeed together or fail together. This means if one part has a problem, the whole transaction fails to prevent inconsistencies.
  2. The commitment aspect is crucial because it locks in the changes made by a transaction on the blockchain. If this step is overlooked, users can face issues like wrong states or unfinalized transactions.
  3. Synchronous atomic commitment is important because it allows all transaction participants to agree and act in real-time. This avoids complications that arise when actions are taken independently and can lead to errors or hanging states.

ACX Grants Followup Impact Market

Astral Codex Ten • 1858 implied HN points • 07 Mar 24
💼 Business Grants Investment Charity Philanthropy Finance
  1. ACX Grants involves an impact market where investors crowdfund grant proposals with potential for big profits if successful.
  2. Only 44 out of approximately 140 qualified participants have signed up for the impact market so far, with a different approach allowing non-accredited investors to participate.
  3. Investing in impact certificates through this system has risks like potential project failure, but also benefits such as tax deductibility.

What price are you willing to pay?

Kenny’s Sub • 239 implied HN points • 13 May 24
💼 Business Entrepreneurship Finance Work Life Career development Freelancing
  1. Understanding the effort needed for success can help you avoid disappointment. It's important to know what you're getting into before committing to a new venture.
  2. Trial and error are essential when exploring new hobbies or career paths. Try different things with low commitment to see what fits you best.
  3. Pursuing your goals requires a realistic view of the effort and resources involved. Being aware of what it takes can help you make smarter decisions.

🥇2023 Accolades🥇

PETITION • 707 implied HN points • 09 Jan 24
💼 Business Finance Job Opportunities
  1. Kirkland & Ellis LLP dominated the restructuring market in '23 by handling a vast amount of significant company-side chapter 11 filings.
  2. Joshua Sussberg of Kirkland & Ellis LLP emerged as a prominent figure in the restructuring circles, known for his relentless work ethic and deal-making prowess.
  3. Several other firms and professionals received honorable mentions for their notable contributions and achievements in the bankruptcy and restructuring field.

A quick review Xi Jinping's speech on the development of China's financial sector

Ginger River Review • 668 implied HN points • 17 Jan 24
🌍 World Politics China Economy Policy Finance International relations
  1. Decision-makers in China realized the importance of not blindly following the West's financial development mode after the 2008 financial crisis.
  2. China is striving to build a strong financial sector based on a combination of economic power, key financial elements, and a focus on preventing financial risks.
  3. Chinese leaders are emphasizing a combination of rule of law and virtue, fostering a unique financial culture, and prioritizing integrity, prudence, innovation, legal compliance, and openness with financial security.

Invisible, yet Invaluable: Valuing Intangibles - The Birkenstock IPO

Musings on Markets • 1139 implied HN points • 06 Oct 23
💼 Business Finance Investing Valuation Market Trends Accountability
  1. Intangible assets, like brand names and management quality, are really important for a company's value but are often overlooked in accounting. Companies today get much of their worth from things you can't physically see.
  2. The way we value companies has changed a lot, especially with tech firms now leading the market. Investors need to think about future potential instead of just past performance, especially for newer companies.
  3. Birkenstock's upcoming IPO highlights how a strong brand and a loyal celebrity customer base can boost a company's value. The success of its stocks may depend not just on numbers but also on how the market feels at the moment.

CNN, Sunday Morning Shows Completely Ignore 15 Million Americans Being Thrown Off Medicaid

The Column • 1139 implied HN points • 03 Apr 23
🇺🇸 U.S. Politics Health Politics News Finance
  1. Up to 15 million Americans are losing Medicaid coverage without much attention from national media.
  2. The gutting of pandemic-era welfare programs is done quietly and bipartisan, with little political debate.
  3. Mainstream media has largely ignored and not reported on the issue of people losing healthcare benefits.

Bitcoin DeFi (Part 1)

DeFi Education • 559 implied HN points • 02 Feb 24
🔮 Crypto Bitcoin DeFi Blockchain Investment Finance
  1. Bitcoin is seen as a strong foundation for decentralized finance because it's secure and valuable.
  2. There is a lot of unused money in Bitcoin, around $800 billion, that could potentially be used in DeFi projects.
  3. While both Bitcoin and Ethereum have good security, Bitcoin might be a better choice for building a safe DeFi system.

How AI startups are building moats - by paying for them

Enterprise AI Trends • 443 implied HN points • 19 Jul 24
💼 Business Startups Mergers Data Technology Finance
  1. AI startups need to spend a lot of money to build strong defenses, like buying data and companies, instead of just focusing on AI features.
  2. Having unique data is more valuable for AI startups than having great technology or user experience.
  3. Established companies have a big advantage because they already own important data. New AI startups may struggle to compete without something really special.

Philip Morris International: More More More

Invariant • 511 implied HN points • 11 Feb 24
💼 Business Finance Marketing Strategy Investment Industry
  1. Philip Morris International is focusing more on next-gen products like IQOS and its heated tobacco units, with efforts to transition users from traditional cigarettes - showing promise for future growth.
  2. Despite some challenges like higher costs and FX pressures, PMI is maintaining its position in the market by introducing innovative products and investing in its portfolio.
  3. ZYN, another product spreading rapidly, faces questions about its popularity among underaged consumers, but it still shows strong growth due to being a preferred choice over competitors.

Monzo hits $5bn valuation 🚀, A Guide to Founder Salary 💵, Entrepreneurship in Africa 💡, & more!

The VC Corner • 399 implied HN points • 10 Mar 24
💼 Business Venture Capital Startups Entrepreneurship Finance Valuation
  1. Monzo's valuation has reached $5 billion, showing strong growth in the fintech space.
  2. There's a guide available that helps founders understand how to set their salaries properly.
  3. Entrepreneurship is growing in Africa, highlighting new opportunities and innovations in the region.

Things That Don't Change

DeFi Education • 859 implied HN points • 15 Nov 23
🔮 Crypto DeFi Blockchain Investing Innovation Finance
  1. Consumers will always want cheaper, faster, and more accessible financial services. These basic needs won't change over the years.
  2. DeFi allows for innovation without needing a lot of money or big companies. Even small developers can create useful financial tools.
  3. The banking industry is slow to adapt, while DeFi can offer services anytime and anywhere. This gives DeFi a big advantage over traditional banks.

Christmas Week Recap

DeFi Education • 679 implied HN points • 25 Dec 23
🔮 Crypto Blockchain Finance Investment Technology Education
  1. The DeFi Education team has been very busy recently with lots of projects. They are working hard to make the most of the many opportunities available.
  2. 2024 is expected to be an extremely active year for the team. They plan to continue pushing forward with their initiatives and projects.
  3. Despite the busy schedule, they are committed to engaging with their audience and providing value through their work.

Can new look Chelsea actually succeed?

Grace on Football • 982 implied HN points • 03 Sep 23
🎾 Sports Football Finance Management Player analysis Team performance
  1. Chelsea has undergone a significant squad overhaul with new signings and a new manager.
  2. There are concerns about Chelsea's financial compliance with UEFA's rules and the long-term sustainability of the club's investments.
  3. The success of Chelsea's revamped team depends on the performance and development of young players in a stable environment.

ServiceTitan just kicked the IPO door wide open

Alex's Personal Blog • 65 implied HN points • 13 Dec 24
💼 Business Startups Investing Finance Economics Tech
  1. ServiceTitan recently went public, and its stock price rose significantly on the first day, showing strong investor interest. This kind of IPO performance typically generates excitement in the market.
  2. The company managed to raise more money than expected, which can indicate positive investor confidence and a solid business outlook.
  3. With ServiceTitan's success, there's hope for more tech companies to follow suit and achieve similar or even greater valuations in the future.