The hottest Investment Substack posts right now

And their main takeaways
Category
Top Business Topics

Top Links 552 Nasty bonds on underwater office buildings. Indian top earners in Germany. Avian flu & U.S. military food insecurity.

Chartbook • 286 implied HN points • 05 Nov 24
💰 Finance Investment
  1. There are problematic bonds tied to office buildings that may not hold value. This means investors could face significant losses.
  2. There are many Indian professionals earning high salaries in Germany. This indicates a strong presence of Indian talent in the German job market.
  3. Avian flu is affecting food security for U.S. military personnel. This raises concerns about the availability of safe food for those in service.

What History Will Say About Crypto 2022

DeFi Education • 439 implied HN points • 01 Jan 23
🔮 Crypto Investment
  1. Crypto will likely be seen as a significant part of our cultural history, reflecting its rise and impact over time.
  2. Future generations may explore our digital era using advanced technology, giving them insights into our online lives.
  3. The evolution of finance through crypto could change how we understand money and investments in the future.

Why P/E Ratios Are Broken In Crypto

DeFi Education • 699 implied HN points • 22 Jun 22
🔮 Crypto Investment
  1. P/E ratios aren't very useful in crypto because they rely on earnings that can fluctuate wildly. DeFi protocols often make money one month and lose it the next, making it hard to predict overall earnings.
  2. Crypto tokens have different roles than stocks and aren't just about cash flow. They can be used for voting or earning more tokens, which makes comparing them using P/E ratios tricky.
  3. It's better to focus on cash flows rather than P/E when analyzing crypto. Ignoring token issuance costs and looking at other measures like Price to Sales (P/S) can give a clearer picture of value.

Spotlight: Raphael Roettgen - General Partner @ E2MC

Space Ambition • 59 implied HN points • 15 Mar 24
🕹 Technology Investment
  1. E2MC is a global venture capital firm focusing on space technology. They invest around $500k in seed and pre-seed stages, and they're open to startups worldwide, except in geopolitically complex areas.
  2. Raphael Roettgen aims to engage more people in the space sector. He wrote a book explaining the space economy, making it easier for entrepreneurs and investors to understand and join the industry.
  3. He emphasizes the importance of diverse talent in space tech. E2MC has a higher percentage of female leaders in its portfolio than the industry average, and he encourages educational efforts to support women in STEM fields.

Top Links 545 “Restructuring” Bangladeshi banks. Hurricane Helen’s impact on unemployment. High-speed trading & a fracking good time.

Chartbook • 286 implied HN points • 29 Oct 24
💰 Finance Investment
  1. Bangladeshi banks are going through a big restructuring. This could change the way they operate and help improve their services.
  2. Hurricane Helene had a significant effect on unemployment rates. Many people lost their jobs because of the hurricane's impact.
  3. High-speed trading continues to play a lively role in the financial markets. It’s a fast-paced area that creates both opportunities and challenges.
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From Smartphones to Smart Cars: Xiaomi's Automotive Business and Its Strategic Implications

Tech Buzz China Insider • 79 implied HN points • 03 Feb 24
🕹 Technology Investment
  1. Xiaomi aims to rival Porsche and Tesla in the automotive industry and be among the top five global car manufacturers within 15 to 20 years.
  2. Lei Jun, the Founder, Chairman, and CEO of Xiaomi Group, took inspiration from a meeting with Elon Musk in 2013, which led to Xiaomi's venture into car manufacturing.
  3. Xiaomi has made continuous investments in the automotive field since 2014, covering everything from auto components to complete vehicles and aftermarkets.

The DeFi Roundup (July 30, 2022)

DeFi Education • 619 implied HN points • 30 Jul 22
🔮 Crypto Investment
  1. Synapse launched an Ethereum Optimistic Rollup, which helps users transfer tokens across different blockchains smoothly. It's popular for its efficiency and has facilitated a lot of transactions.
  2. Weekly roundups help subscribers stay updated on important events in the DeFi market quickly. They can catch up on everything in just five minutes.
  3. The DeFi sector continues to advance with new technologies and protocols, making it important for users to stay informed about these developments. Keeping up-to-date can lead to better investment decisions.

Neo Accelerator 2024: Apply Now

Neo News • 78 implied HN points • 01 Feb 24
💼 Business Investment
  1. Neo Accelerator 2024 applications are open with unique funding terms and opportunities for additional investment by tech leaders
  2. The program includes a residential bootcamp in Colorado, unparalleled mentor access, and an AI track with OpenAI & Microsoft
  3. Ongoing recruiting support, a focus on diversity, and long-term community building are key aspects of the Neo Accelerator program

In Search of a Steady State: Inflation, Interest Rates and Value

Musings on Markets • 679 implied HN points • 11 May 22
💰 Finance Investment
  1. Inflation has become a major issue for the economy, causing instability in markets with unpredictable effects on stock prices. Understanding inflation's impact is important for making investment decisions.
  2. As inflation rises, interest rates also climb, leading to increased borrowing costs and affecting how risky investments are perceived. This creates uncertainty for investors about how to respond.
  3. There are different potential outcomes for the economy based on inflation trends, ranging from a quick stabilization to severe recession risks. Investors need to adapt their strategies depending on which scenario seems more likely.

Breaking the Mold: Why Founders Should Ditch the Links and Just Send the Deck

Venture Curator • 179 implied HN points • 27 May 23
💼 Business Investment
  1. Send your pitch deck as a file instead of a link to make it more compelling and shareable
  2. Ensure your deck is visually appealing, concise, and focused, under 10MB for efficiency
  3. Include key elements in your deck like team, problem, unique approach, value proposition, market data, and financial projections, while excluding sensitive details

How Real Madrid's Stadium Became A Cash-Printing Machine

Huddle Up • 70 implied HN points • 25 Jul 25
💼 Business Investment
  1. Real Madrid borrowed over $1 billion to renovate their stadium instead of tearing it down. This smart move helped them keep their historic venue while making it more profitable.
  2. The renovation opened up new ways for the club to earn money and even helped reduce their existing debts. This shows that investing in infrastructure can pay off in bigger ways.
  3. This project has changed how football clubs think about their stadiums, inspiring other teams to consider upgrades instead of rebuilding, which can be a risky and costly choice.

Part 2: Current State of the Housing Market; Overview for mid-November 2025

CalculatedRisk Newsletter • 23 implied HN points • 13 Nov 25
💰 Finance Investment
  1. Home sales are down this year, leading to increased inventory and pressure on prices. It means buyers have more options but might see lower prices.
  2. House prices are generally trending down, even though there's been a slight increase this year. This could be affected by changing mortgage rates and rising unemployment.
  3. Recent data shows a mix of increases in house prices, but these are lagging indicators, meaning the numbers might not reflect current market conditions.

"We Once Again Need to Raise More Capital than We Had Imagined": Watching OpenAI Say It Needs a New Structure

Brad DeLong's Grasping Reality • 207 implied HN points • 30 Dec 24
🕹 Technology Investment
  1. OpenAI is looking for more money than they expected, which highlights how important funding is for their progress towards AGI. This means they need to attract investors willing to take risks.
  2. They plan to change their structure to a Public Benefit Corporation, balancing profit with broader social goals. This structure aims to raise capital more effectively while still focusing on their mission.
  3. OpenAI's current success is compared to how Netscape was for the internet. This suggests that OpenAI is leading a new wave of technology and investment in artificial intelligence.

Visualizing Funding Runway & Burn Rate

Venture Curator • 159 implied HN points • 16 Jun 23
💼 Business Investment
  1. Understanding funding runway and burn rate is vital for startup founders to secure necessary resources.
  2. Calculating gross burn rate and net burn rate is essential to determine the financial health of a startup.
  3. Maintaining transparency about financial runway and frequently communicating with investors are crucial for successful fundraising.

Notes on Chapter 28

Life Since the Baby Boom • 230 implied HN points • 05 Dec 24
💼 Business Investment
  1. Len lands a new job as a Venture Capitalist Assistant, where he will help a company get more funding. He feels excited and valued in this role, especially after his TV appearance as an 'Internet investing wizard.'
  2. The company Len is working with, NetsForAll, is fictional, but it reflects the early days of Internet Service Providers. This shows how innovative ideas were emerging before the Internet became widely known.
  3. Len gets to meet important people in the Internet business and share stories from his past experiences, like solving a big embezzlement case. This mix of new opportunities and past accomplishments makes him feel fulfilled.

Case-Shiller: National House Price Index Up 1.3% year-over-year in September

CalculatedRisk Newsletter • 19 implied HN points • 25 Nov 25
💰 Finance Investment
  1. National house prices have gone up by 1.3% over the past year, showing some growth but still not strong compared to the past.
  2. Different areas are seeing big differences in house prices, with some regions like the Middle Atlantic doing well while others like the Pacific are struggling.
  3. Overall, many areas are facing slower price appreciation, and high mortgage rates are making homes less affordable for buyers.

Venture Capital Fund Modelling II : Masterclass

Venture Curator • 179 implied HN points • 16 May 23
💼 Business Investment
  1. Discover how VC funds calculate target ownership in startups, providing valuable insights for founders and VC enthusiasts alike.
  2. Understand the costs associated with VC business, like organizational fees, operational fees, and management fees, to determine the total investment capital for startups.
  3. Learn about the average check size that VC funds invest in startups and how ownership percentage is calculated based on the investment amount and post-money valuation.

The Most Important Thing About Money

DeFi Education • 779 implied HN points • 13 Feb 22
💰 Finance Investment
  1. Credit is really important for the economy because it allows people to spend more than they currently have. When used wisely, it can help grow productivity and income.
  2. Debt cycles can happen when people borrow too much compared to what they can pay back. This can lead to economic downturns if many people struggle with their debt at the same time.
  3. DeFi, or decentralized finance, uses credit within the crypto world. It helps create new financial opportunities using cryptocurrencies and is seen as the future of finance.

Where Should I Incorporate?

Points And Figures • 532 implied HN points • 12 Feb 24
💼 Business Investment
  1. Institutional investors prefer C-Corps for specific tax benefits and legal protections.
  2. Nevada is emerging as a compelling option for business incorporation due to favorable legal environment and objectivity of judges.
  3. Nevada's business-friendly culture, favorable weather, and infrastructure make it an attractive choice for startups over traditional options like Delaware.

A Different Approach to Revenue Estimates Leveraging Alternative Data

The Data Score • 138 implied HN points • 24 May 23
💰 Finance Investment
  1. Leveraging alternative data for revenue estimates goes beyond traditional transaction data, focusing on customer acquisition and retention insights.
  2. Applying the customer acquisition funnel framework to alternative data can help identify early trends and potential growth issues in a business.
  3. Monitoring the journey from awareness to loyalty using alternative data sets can offer valuable insights for predicting sustainable revenue growth beyond the short term.

Why some data companies struggle to sell to the financial markets

The Data Score • 138 implied HN points • 18 Apr 23
💼 Business Investment
  1. In the financial market, selling data can be difficult if data companies don't align their products with the specific needs and capabilities of asset managers
  2. Understanding different types of asset managers and their unique requirements is crucial for data companies to succeed in selling to the financial markets
  3. Data companies must consider financial market outcomes and work backward from there to create data solutions that meet the demands of their clients

Assessing project safety without software knowledge

DeFi Education • 619 implied HN points • 02 Jun 22
🔮 Crypto Investment
  1. It's important to look beyond audits when assessing a project's safety. You should also consider the team's reputation and their commitment to the project.
  2. Avoid projects that use dubious marketing techniques or create a strong cult-like following. These can be signs of potential fraud.
  3. Check the project's partnerships and how they manage security. Just using a well-known service doesn't guarantee protection against vulnerabilities.

🧠 Mental Health Market, Funding Trends, Startup Sale Price Dilemma, $500K in Funding and more

Lolita's Newsletter • 137 implied HN points • 28 May 23
💼 Business Investment
  1. The mental health market is projected to reach $537 billion by 2030 with opportunities for innovative solutions to improve lives.
  2. Stigma around mental health treatment is decreasing, with more people supporting individuals with mental illnesses to live full and productive lives.
  3. Various funding opportunities are available for founders, especially in the mental health and diverse founder spaces.

How Chowdeck plans to succeed where Jumia Food failed — Part one

Afridigest • 55 implied HN points • 13 Aug 25
💼 Business Investment
  1. Chowdeck, a Nigerian food delivery service, is growing fast and has already raised $9 million, a big deal for food delivery in Africa. They focus on local foods that people eat every day, which keeps customers coming back.
  2. Jumia Food struggled because it had high costs and did not adapt its logistics to the food delivery market well. Chowdeck learned from these mistakes and set up systems better suited for food delivery.
  3. Chowdeck benefits from improved technology and infrastructure, like high smartphone usage and digital payments, which help them succeed where others failed. This makes it easier for them to operate efficiently.

QuantumSi Raising $50M

ASeq Newsletter • 72 implied HN points • 08 Jul 25
💼 Business Investment
  1. QuantumSi is raising $50 million to help fund its operations. This money is important because the company is currently losing about $100 million each year despite making $4 million in revenue.
  2. The company has around $209.6 million in cash at the end of last year, but the new funds will only help cover their expenses for the next couple of years.
  3. Most of the money will probably go toward developing their new technology called Proteus, and they are outsourcing some of the design work to other companies for production.

Election Countdown, 258 Days to Go: The New Politics of Place.

Breaking the News • 487 implied HN points • 21 Feb 24
🇺🇸 U.S. Politics Investment
  1. Place has always been significant in American personal stories and national politics, influencing decisions to stay or go.
  2. Federal policies are beginning to bring more opportunities to historically neglected areas, such as the Rust Belt, by strategically directing investments.
  3. There is a shift towards more planned and effective federal initiatives that focus on boosting local economies and communities, recognizing the importance of place-based growth.

Kishida May Raise Corporate Taxes, Part I

Japan Economy Watch • 319 implied HN points • 30 Oct 22
💰 Finance Investment
  1. The Japanese government is considering raising corporate taxes after years of lowering them, due to disappointing outcomes such as insufficient investment and wage hikes.
  2. The need to finance a significant increase in defense spending is a major factor in the potential corporate tax hike, as relying on deficits is seen as irresponsible.
  3. Japan has a significant amount of retained earnings due to low shareholder power, leading to companies not reinvesting the cash in the economy.

Decentralized Exchange Comparison

DeFi Education • 999 implied HN points • 26 Aug 21
🔮 Crypto Investment
  1. Decentralized exchanges, or DEXs, are becoming more popular compared to centralized ones like Coinbase or Kraken. They allow users to trade crypto without needing a middleman.
  2. DEXs offer more control over your assets since you’re not relying on a centralized platform. This means you have the power to manage your own funds directly.
  3. This comparison is a helpful resource for understanding the different DEX options available. Keeping this information handy can make trading easier.

Is AI Capex Worth the Money? (ft. Goldman Sachs)

Enterprise AI Trends • 337 implied HN points • 11 Jul 24
🕹 Technology Investment
  1. AI spending is still worth it because it can help big cloud providers move data to their services. This could open up a big opportunity for revenue, making the investment seem less risky.
  2. Most of the useful AI work happens behind the scenes and isn't visible to the public. This means many people might underestimate how much AI is actually helping businesses already.
  3. Companies are really committed to using generative AI and are treating it as a top priority. This commitment means we'll likely see more successful projects in the future.

What You Can Learn From The Investment Committee Process

DeFi Education • 679 implied HN points • 22 Mar 22
💰 Finance Investment
  1. Having a clear investment process is important. Documenting what you do helps you improve and grow over time.
  2. Teamwork can enhance your investment decisions. Consider gathering a small group to discuss and evaluate investment ideas together.
  3. Monitoring your investments is crucial. Don't just set it and forget it; keep an eye on your assets and know when to sell or change your strategy.

Africa's Hustle Generation: Ambition, Innovation, Opportunity

Workforce Futurist by Andy Spence • 146 implied HN points • 26 Feb 25
💼 Business Investment
  1. Africa has the youngest population in the world, with many young people entering the workforce. This could lead Africa to play a bigger role in global growth by 2030.
  2. There is a thriving start-up culture in Africa, especially in technology and finance. Companies are getting more funding and creating new job opportunities.
  3. As more people in Africa move to cities, the potential for innovation and entrepreneurship increases. Urban centers are becoming major hubs for new businesses and investments.