The hottest Investment Substack posts right now

And their main takeaways
Category
Top Business Topics

What’s a Bitcoin worth?

Joshua Gans' Newsletter • 0 implied HN points • 20 Dec 17
💰 Finance Investment
  1. Bitcoin's value is subjective and relies on what people believe it's worth, creating uncertainty in determining its true value.
  2. Theories suggest Bitcoin could replace gold as a store of value and possibly reach a value of $47,755 or $38,000 per Bitcoin if it were to happen.
  3. Another theory proposes Bitcoin as a USD substitute, potentially reaching a value of $100,000 per Bitcoin if it becomes the world's reserve currency.

Precognitive Antitrust and Disruption

Joshua Gans' Newsletter • 0 implied HN points • 11 Feb 16
💼 Business Investment
  1. Incumbents facing disruption may choose to acquire disruptive entrants to avoid being disrupted themselves.
  2. Privately held companies being acquired by competitors rather than going public can stifle innovation and competition.
  3. Acquisitions as an exit strategy for startups can impact antitrust considerations and drive entry into markets.

Top 5 financial posts of the trading week 7/2024

Global Markets Investor • 0 implied HN points • 19 Feb 24
💰 Finance Investment
  1. The S&P 500 closed negatively after a strong streak due to inflation data - investors await the Federal Reserve Meeting Minutes and S&P Global Services PMI data.
  2. Watching stock behaviors like Super Micro Computer's quick rise and subsequent 20% drop is a valuable lesson in market realities and risks.
  3. Market expectations on Fed interest rate cuts have significantly shifted due to economic data and inflation, with potential talks of future rate hikes pointing to significant market reactions.

APIs eat Travel 🔌 Our investment in Impala 🏩

Venture Prose • 0 implied HN points • 02 Oct 19
💼 Business Investment
  1. Impala's mission is to improve data management in the travel industry, providing a single access point for various hotel systems.
  2. Venture capital involves finding unexpected yet perfect matches between opportunities and talented teams.
  3. Impala's approach focuses on solving data management challenges in travel, offering a secure and structured layer for information exchange.

Quick not about updating prospective investors at seed stage, especially business angels

Venture Prose • 0 implied HN points • 02 Apr 19
💼 Business Investment
  1. Entrepreneurs should focus on concentrating meetings, gathering interests, and keeping prospective investors updated during the fundraising process.
  2. Avoid collusion among investors by keeping people in /bcc when sending updates, updating every few weeks, and disclosing names of binding commitments with permission.
  3. Engage with candidates, work on the product, and bring exciting news in updates during the fundraising process to maintain business dynamic and investor interest.
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The Venture Chills

Venture Prose • 0 implied HN points • 30 Jan 19
💼 Business Investment
  1. The key traits of great founders include humble-aggressive convictions, obsession, ability to learn and execute with speed and excellence, and unbreakable will to build world-changing ventures.
  2. Great founders stand out by leveraging learnings from others, overcoming difficulties, and revealing unexpected brilliance, leading to unwavering trust and conviction.
  3. Experiencing 'venture chills' in Venture Capital comes from witnessing founders like Lucrezia of Kukua, Pierre of Side.co, and Phil of Dice.fm, who strive to build iconic, transformative companies with purpose and resilience.

Incompetent & Powerless

Venture Prose • 0 implied HN points • 19 Sep 18
💼 Business Investment
  1. Venture capitalists experience the bright side of their mission through journeying with incredible entrepreneurs.
  2. Mistakes happen, failures occur, and not every venture succeeds as expected; these challenges are opportunities for growth.
  3. Investors must focus on empowering and supporting entrepreneurs, providing resources, networks, and guidance, rather than controlling their actions.

Series A - My Investment Thesis

Venture Prose • 0 implied HN points • 10 Jan 18
💼 Business Investment
  1. Invest in founding teams that can build and manage strong teams, focusing on culture and organization.
  2. Look for companies with advanced technology that offers a competitive edge in the market.
  3. Bet on companies post initial traction but pre-acceleration, providing them with more funding and attention ahead of other investors.

People Capital

Venture Prose • 0 implied HN points • 08 Dec 17
💼 Business Investment
  1. The key to successful venture capital investments is building strong and genuine relationships with the founders.
  2. Investors must prioritize trust, communication, and altruism in their relationships with the founders and their teams.
  3. Venture capitalists have a responsibility to empower and support founders, focusing on the people aspect of investments rather than just the financial aspect.

From Zenly To Side, Alongside Payfit, Ibanfirst, Sourced and the 500+ Kima Ventures Portfolio…

Venture Prose • 0 implied HN points • 27 Jun 17
💼 Business Investment
  1. Kima Ventures takes a quantitative approach to investing, making 100 new deals a year and staying agnostic in terms of stage, sector, deal size, and geography to keep a broad overview of the market.
  2. Their investment thesis focuses on backing stellar teams with a defensive technological edge, CEOs with ambitious visions, and companies that are post-adoption, pre-acceleration.
  3. Despite their broad approach, Kima Ventures also commits to building strong, long-lasting relationships with a select few ambitious entrepreneurs to fuel the power law of their returns.

Facebook IPO versus Snap IPO

Venture Prose • 0 implied HN points • 07 Feb 17
💼 Business Investment
  1. Facebook was profitable when it went public, but Snap wasn't. Having a strong founding product CEO can be a good sign for a company's success.
  2. Comparing the engagement ratios of Facebook and Snap shows interesting insights. Snap users seem highly engaged.
  3. Snap and Facebook had different revenue and employee numbers at IPO. Managing rapid employee growth can be challenging for a company.

The VC Voodoo Formula

Venture Prose • 0 implied HN points • 14 Sep 16
💼 Business Investment
  1. Investors focus on building a strong conviction about a team and its potential for the future.
  2. For sustainable success, founders' skills, vision, and ability to recruit top talent are crucial.
  3. In venture capital, success involves navigating uncertainty, focusing efforts on chosen battles, and capitalizing on network effects and timing.

When Business Angels are Gentlemen.

Venture Prose • 0 implied HN points • 29 Jul 16
💼 Business Investment
  1. When seeking investment, entrepreneurs should value both money and time from investors.
  2. Entrepreneurs can reward investors with stock options instead of discounting valuations.
  3. Positive and mutually beneficial attitudes in investment partnerships lead to effective collaboration and business growth.

La vérité sur l’Accélération. Et à la fin, tout le monde meurt.

Venture Prose • 0 implied HN points • 29 Jul 16
💼 Business Investment
  1. Success in startups and investing doesn't always require prior entrepreneurial experience - proven by examples like Michael Moritz and Neil Rimer.
  2. Not everyone who tries entrepreneurship, investment, or mentoring succeeds, but those who do shine through their actions and achievements.
  3. The inevitability of mortality applies to everyone, even successful figures like Steve Jobs, highlighting the transient nature of life and accomplishments.

En France, l’ambition se nourrit d’amour et d’eau fraiche. Puis elle meurt, dans l’indifférence.

Venture Prose • 0 implied HN points • 29 Jul 16
💼 Business Investment
  1. Ambition in France is often fueled by inspiring role models and team dynamics, enabling individuals to push boundaries beyond perceived limits.
  2. Challenges exist in deploying public funds for startup financing in France, indicating a need to reevaluate or change approaches when faced with persistent issues.
  3. To enhance startup success and growth in France, motivating investors with effective incentives similar to those in the UK could be a key solution for addressing the funding gap.

WARNING ENTREPRENEURS & STARTUPS: Les bons et les mauvais leveurs de fonds!

Venture Prose • 0 implied HN points • 29 Jul 16
💼 Business Investment
  1. A good fundraiser typically does 2 to 3 deals per year, with 5 to 6 in active mode, always having 2 to 5 deals in progress at different stages.
  2. Effective fundraisers usually avoid working with very young companies raising less than 1M€/1.5M€, unless they have a strong interest and do not take retainers in such cases.
  3. Reputable fundraisers operate exclusively, charge between 4% and 6% success fees based on deal size, and never ask for a signed contract with commission and capital access.

High Valuation & Capital Allocation For Dummies

Venture Prose • 0 implied HN points • 18 Mar 16
💼 Business Investment
  1. Early stage valuations can be inflated and impacted by market conditions. Companies that raise more money may face increased expectations for rapid growth or risk failure.
  2. High valuations come with high expectations. Failing to meet these expectations can lead to negative perceptions, especially when a lot of money is involved. Wise capital allocation is crucial.
  3. Extension and bridge funding rounds can help correct course temporarily, but the pressure and expectations increase with each round. Careful consideration of financial decisions and market positioning is essential.

VC Services: Game Over

Venture Prose • 0 implied HN points • 16 Mar 16
💼 Business Investment
  1. Investors should focus on providing better support and advisory to their portfolio companies.
  2. Investors should ask questions and enable entrepreneurs, rather than dictating actions.
  3. Entrepreneurs need access to simple, smart advisory, resources, and a reliable network from investors.

The 7 reasons why I say No to founders reaching out to us for funding.

Venture Prose • 0 implied HN points • 27 Feb 16
💼 Business Investment
  1. Saying no to founders seeking funding is necessary but not enjoyable to do.
  2. Reasons for rejection include personal fit, belief in the team, understanding of subject/geography, liking the space/activity, alignment with criteria, and doubts about certain aspects.
  3. Investing in startups is a people business full of unpredictability, and success is often only visible in hindsight.

Drag Along Is Against Trouble Makers Only

Venture Prose • 0 implied HN points • 17 Feb 16
💼 Business Investment
  1. Founding teams should have control over activating a drag-along clause above a certain IRR or multiple - investors shouldn't force their hand.
  2. The drag-along clause allows majority stockholders to initiate a change of control, excluding troublemakers.
  3. LPs desire a return on their investment, but founders should have final approval over the drag-along clause in a shareholder agreement.

Les 7 Portes Du Corporate Venture

Venture Prose • 0 implied HN points • 01 Feb 16
💼 Business Investment
  1. It's crucial for companies to stay updated with technological advancements and industry changes to avoid rapid decline.
  2. Corporate Venture can offer solutions to cope with fast, unexpected changes through avenues like incubators, VC fund investments, and strategic direct investments.
  3. The Corporate Venture model involves various approaches like Spin-Offs, thematic investments, majority investments, and Corporate Studios, each serving different purposes in fostering innovation and adaptation within companies.

An Ugly VC-Founder Story

Venture Prose • 0 implied HN points • 25 Oct 15
💼 Business Investment
  1. Investors should empower CEOs by providing guidance and resources, not running the company in place of founders.
  2. It's crucial for founders to carefully choose investors who understand their market and can genuinely support their growth.
  3. Interference from investors who lack expertise and make poor decisions can lead to tragic outcomes for startups, impacting founders' control and company success.

The Founders-VC Asymmetrical Relationship

Venture Prose • 0 implied HN points • 23 Sep 15
💼 Business Investment
  1. Being on the sell side gives you a raw perspective on startups and founders, building trust with clear communication.
  2. Founders and VC's often have an asymmetrical relationship, which can impact dealflow and portfolio management.
  3. VC's should focus on clear communication to align expectations and build trust with founders for successful long-term partnerships.

On self-storage strategy, getting my first client, and my investment philosophy

Austin's Analects • 0 implied HN points • 02 Jun 21
💰 Finance Investment
  1. Self-storage investments involve owning real estate and a business to appeal to banks and investors
  2. Directly contacting self-storage owners can provide a competitive edge over relying on brokers
  3. Instead of focusing on individual stock picking, consider investing in index funds for retirement accounts for lower risk and better growth potential

Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash

Dr.John B’s Newsletter • 0 implied HN points • 26 Apr 24
💰 Finance Investment
  1. Meta loses $200 billion in value due to increased spending and investment forecasts, particularly for boosting artificial intelligence tools.
  2. Despite strong quarterly results, including a significant increase in revenue and profit, the market reacted negatively to Meta's plans of heavy spending on AI.
  3. Mark Zuckerberg emphasizes the long-term potential of AI for Meta, but investors remain skeptical about the company's ability to effectively monetize new AI services and generate revenue.

OpenAI to Launch a Brand-New Search Engine on May 9th! Should Google Worry?

AI Disruption • 0 implied HN points • 05 May 24
🕹 Technology Investment
  1. OpenAI is launching a new search engine to compete with Google, creating a potential challenge for Google's dominance in the search engine market.
  2. There are concerns about Google search such as too many ads, dead or outdated links, and limitations in understanding search context which could provide an opportunity for OpenAI's new search engine.
  3. Interest in AI-powered search is growing as demonstrated by the success of companies like Perplexity AI, indicating a shift in the search engine landscape.

12/14 Tech Buzz China Insider Digest

Tech Buzz China Insider • 0 implied HN points • 15 Dec 21
💼 Business Investment
  1. Alibaba underwent a significant reorganization with key executives leading four large business units, reshaping the company's structure.
  2. The Central Economic Work Conference in China emphasized the importance of stable growth, especially in financial and banking sectors, setting the national economic agenda.
  3. China's tech VC landscape is evolving, with a shift towards more state capital participation in manufacturing sectors and companies outside the internet industry gaining prominence.

December 2021 Tech Buzz China Newsletter

Tech Buzz China Insider • 0 implied HN points • 09 Dec 21
🕹 Technology Investment
  1. The newsletter offers a special discount for joining the Insider community, with a forum, Discord channel, and members-exclusive events available.
  2. Tech Buzz China provides insights on China tech through live webinars, podcasts, and open opportunities for investment in private companies inspired by China tech for accredited investors.
  3. The newsletter features in-depth analysis on various China tech topics, such as Alibaba's performance, live shopping, Meituan & Kuaishou Reorgs, and more.

12/4 Tech Buzz China Insider Digest

Tech Buzz China Insider • 0 implied HN points • 07 Dec 21
🕹 Technology Investment
  1. Rumors suggest restrictions on VIEs for companies listing location in China, but the ban won't be complete and varies by sector.
  2. Kuaishou's revenue mostly stagnant from livestreaming, showcasing a trend of saturation in the industry.
  3. WeChat is adjusting rules to allow direct access to external links, potentially impacting user drop-off, and has begun somewhat embracing algorithms after staunch resistance.

7/15 TBC Insider Digest

Tech Buzz China Insider • 0 implied HN points • 16 Jul 21
🕹 Technology Investment
  1. New cybersecurity review process in China now requires companies with data of over 1 million users to apply for a review before listing abroad.
  2. Competition intensifies in the ride-hailing market in China following Didi's issues, with Meituan and Gaode offering incentives to attract new users.
  3. WeChat in China is not just a social network but an address book and instant messenger, making it difficult to compete with due to its unique functionalities.

Invitation to Tech Buzz China Insider

Tech Buzz China Insider • 0 implied HN points • 08 Apr 21
🕹 Technology Investment
  1. Tech Buzz China Insider is a new product for China tech enthusiasts and investors, providing in-depth insights on key issues in China tech.
  2. The Insider membership includes 4+ weekly community posts and expert panels, as well as exclusive events and discussions.
  3. Members have access to discounts on partner events and can join a high-quality community where they can learn, share investment ideas, and engage with like-minded professionals.

What $200 Million In Crypto Cash Means For Blackrock Neurotech

NEUROTECH FUTURES • 0 implied HN points • 27 May 24
💼 Business Investment
  1. Cryptocurrency company Tether invested $200 million in Blackrock Neurotech, making Tether the largest shareholder in the Brain Computer Interface (BCI) company.
  2. The investment will primarily fund the commercialization and roll-out of Blackrock Neurotech's technology, focusing on key areas like human capital for commercial operations, new commercial hires, and potential acquisitions.
  3. Blackrock Neurotech's history and product development show a strong foundation for future growth, with a diverse product roadmap, ongoing R&D, and potential strategic acquisitions in the neurotech space.

Top miners spend $1.2B in pre-halving shopping spree

Miner Weekly • 0 implied HN points • 07 Dec 23
💰 Finance Investment
  1. Top miners have collectively spent over $1.2 billion on bitcoin mining machines in preparation for the upcoming halving, with a significant portion of this expenditure happening in the past two months.
  2. Chinese miner manufacturers, particularly MicroBT and Bitmain, have been major beneficiaries of the $1.2 billion investment by public mining companies.
  3. There is a notable trend of public mining companies engaging in self-mining activities, such as hosting miners in profit-sharing agreements and purchasing significant numbers of specific miner models.

Weekly Mining Newsletter

Miner Weekly • 0 implied HN points • 30 Apr 22
💰 Finance Investment
  1. The New York mining moratorium bill is back, and Texas's City of Fort Worth is mining Bitcoin, showcasing diverse approaches to crypto mining regulation.
  2. Finance highlights include significant debt capital secured by companies like CleanSpark and Blockmetrix, as well as revenue increases for miners like Argo.
  3. Infrastructure updates reveal massive expansion plans by companies like Riot in Texas and Argo's increased hashrate guidance, showing ongoing growth and evolution in the mining industry.

Japan as 196th

Japan Economy Watch • 0 implied HN points • 13 Oct 21
💼 Business Investment
  1. Japan ranks 196th out of 196 countries in inward foreign direct investment (FDI) as a share of GDP, trailing North Korea, highlighting a significant issue for the country's economy.
  2. The low level of FDI in Japan is hindering the economy and has been a longstanding challenge, with only 14% of inward FDI taking the form of mergers and acquisitions compared to the typical 80% in other rich countries.
  3. For Japan to improve its inward FDI situation and boost its economy, there is a need for a collaborative effort between government and business leaders to address the barriers and drive progress.