The hottest Market Substack posts right now

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Which PC genres convert pre-launch interest the best?

The GameDiscoverCo newsletter • 294 implied HN points • 15 May 23
🕹 Technology Gaming Cloud Hardware Market Streaming
  1. Consider that the best-converting PC genre tag is 'Escape Room', but creating these games may pose challenges like online co-op mechanics.
  2. While 'Sports' is another well-converting genre, success in niche games might not guarantee significant financial results.
  3. Cloud gaming competition concerns arise as Microsoft's acquisition of Activision Blizzard is cleared by the EU, with conditions, amid regulatory scrutiny.

Instacart S-1 Breakdown

Tanay’s Newsletter • 145 implied HN points • 06 Sep 23
💼 Business Technology Market Scale Financials Membership
  1. Instacart offers different products like an online grocery marketplace, an enterprise platform, and advertising services.
  2. The US grocery market has significant online growth potential, and Instacart is a major player in capturing that online market share.
  3. Instacart operates as a three-sided marketplace connecting retailers, customers, and shoppers, along with indirect involvement from CPG brands.

💾 E14: The Real AI Bottleneck: High Bandwidth Memory (HBM) 💾

Let Us Face the Future • 137 implied HN points • 08 Sep 23
🕹 Technology Memory AI Hardware Innovation Market
  1. High Bandwidth Memory (HBM) is crucial for datacenter AI accelerators and large language models due to its high bandwidth, low latency, and low power consumption.
  2. HBM is commercially viable, but cost and complexity remain restraints, making it more suitable for high-performance computing and AI rather than mainstream applications.
  3. The future growth of HBM depends on reducing costs, advancing technology like through-silicon vias, and addressing challenges like thermal management for wider adoption beyond datacenter and HPC.
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Economics 101 with Lt. Surge

Malt Liquidity • 12 implied HN points • 29 Feb 24
💼 Business Economics Pricing Delivery Market Supply and Demand
  1. Price is never fixed; liquidity is essential for determining true asset value and facilitating trading.
  2. Surge pricing is a rapid increase in price due to fluctuating supply and demand, different from traditional linear pricing models.
  3. In the business of food delivery, balancing in-store and app orders requires strategic pricing adjustments to maximize profitability and control over the network.

Stage 2: Nuclear Power's Economics Suck

Gordian Knot News • 219 implied HN points • 19 Mar 23
💼 Business Energy Economics Regulations Costs Market
  1. Nuclear power in the West is incredibly expensive and time-consuming to build, hindering its potential to combat global issues like climate change.
  2. Historically, nuclear power has been cost-competitive with coal, but rising costs due to regulations and construction delays have made it less viable.
  3. The core issue with nuclear power's economics lies in the perception of any radioactive release as intolerable, leading to excessive safety measures that drive up costs.

The Last Challenger

Net Interest • 7 implied HN points • 15 Mar 24
💼 Business Finance Competition Banking Mergers Market
  1. In the aftermath of the 2008 financial crisis, the UK government allowed a significant bank merger to ensure financial stability despite concerns about competition.
  2. The idea of promoting competition through challenger banks was embraced but has struggled to reduce the dominance of the Big Four banks in the UK.
  3. Despite efforts to increase competition, mergers between existing players, like Virgin Money and Nationwide, have become a significant strategy to challenge the Big Four banks.

Most Bitcoin Inscriptions belong to a single person or entity

block21m • 159 HN points • 28 May 23
🔮 Crypto Bitcoin Blockchain Transactions Market Vulnerabilities
  1. 80% of Bitcoin inscriptions since March 2023 are controlled by a single person or entity with a specific public key
  2. This entity has influenced the blockchain significantly by controlling 64% of all inscriptions with a transaction fee total of 1056 BTC
  3. This high level of control showcases a vulnerability in the blockchain that could be exploited by entities with large amounts of Bitcoin

Lowering Costs and Increasing Value for Students, Institutions, and Taxpayers

The Future of Education • 98 implied HN points • 16 Aug 23
🚌 Education Policy Market Innovation Regulation Outcomes
  1. The current higher education system lacks incentives for institutions to focus on student outcomes and financial returns.
  2. Accreditors play a gatekeeper role for federal financial aid, but are not incentivized to focus on student outcomes.
  3. Policy should shift focus to student outcomes, transparency in pricing, and requiring colleges to share in the risk of student loan repayments.

Everything Wrong With: "Illumina: The Measurement Monopoly" Part 1/8

ASeq Newsletter • 43 implied HN points • 03 Nov 23
🕹 Technology Innovation Competition Industry Development Market
  1. Improvement in DNA sequencing has been slow compared to advancements in other industries like semiconductors
  2. Illumina's best selling sequencer is aging and there's a lack of significant competition in the market
  3. Technological advancements in sequencing are mainly incremental, with a focus on adding more cameras and making flow cells bigger

Why some data companies struggle to sell to the financial markets

The Data Score • 138 implied HN points • 18 Apr 23
💼 Business Data Finance Market Investment Sales
  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

Calibration of Sports Betting Markets

Mike’s Blog • 39 implied HN points • 07 Nov 23
🎾 Sports Analysis Betting Market Predictions
  1. Calibration plots show how accurate forecasts are by comparing predicted probabilities to actual outcomes.
  2. Sports betting markets are remarkably well-calibrated based on analysis of MLB, NFL, NBA, NHL, and NCAA data from 2016-2020.
  3. Implied probabilities in sports betting are normalized for analysis, where they sum to 1, to compare prediction accuracy.

Welcome to the AI bubble

The Down Round • 98 implied HN points • 14 Jun 23
🕹 Technology AI Market Investing Venture Machine Learning
  1. The AI industry may be experiencing a bubble similar to what the crypto industry went through before.
  2. There are signs of hype and questionable practices in AI, such as companies quickly pivoting to AI and non-experts making bold claims.
  3. Being cautious and vigilant in an AI bubble is important to avoid getting caught up in unrealistic narratives and disconnected market valuations.

"Products" & "Protocols" are NOT the same

@MacBrennan’s Investor Updates • 58 implied HN points • 08 Aug 23
🔮 Crypto Products Protocols DeFi Infrastructure Market
  1. Products are applications that define user experiences and focus on capturing markets.
  2. Protocols are infrastructure enabling specific product experiences and compete on resources and architecture.
  3. Successful products retain and grow through effective distribution, while successful protocols aggregate resources and serve multiple products.

Art: Investing vs Collecting

tsalikhov • 78 implied HN points • 09 Jun 23
💰 Finance Art Investing Market Returns
  1. Investing in traditional fine art is challenging due to market complexities and transaction limitations.
  2. Art indices provide an incomplete picture of the art market, with limited representativeness and investability.
  3. Digital art on the blockchain offers potential as a more accessible and diverse asset class with compelling risk-reward ratios.

FAQs: Starship, Starlink, and some SpaceX-conomics

The efficient frontier • 39 implied HN points • 20 Aug 23
🕹 Technology Space Economics Innovation Market Integration
  1. SpaceX will price their Starship slots based on the cost of launching a Starlink satellite, creating a connection between launch prices and satellite values.
  2. Even if SpaceX's goal is to get to Mars fast, they still need profits to fund big projects and attract capital.
  3. SpaceX may aim to grow the space industry, but they will likely price Starship slots at cost plus markup, not markdown, due to market power.

Will lab-grown beef raise the price of handbags?

Economic Forces • 4 implied HN points • 15 Feb 24
💼 Business Economics Market Production Supply and Demand
  1. Lab-grown beef becoming a closer substitute for conventional beef can impact the supply of hides available for leather, affecting industries like luxury fashion.
  2. The theory of joint production explains the interconnectedness of markets where goods share production inputs, highlighting how changes in demand for one output can affect others.
  3. Understanding joint production in economics goes beyond standard supply and demand models, revealing complex relationships and teaching humility about the real-world supply chains.

This is Howey Do it — Rethinking the Security

Malt Liquidity • 10 implied HN points • 11 Dec 23
💰 Finance Regulation Cryptocurrency Investment Market Securities
  1. Speculation has been a part of human history, evolving into formal market mechanisms over time.
  2. The 'Howey' test is used to determine if a transaction constitutes an investment contract subject to securities regulation.
  3. Regulating cryptocurrencies and tokens under the Howey framework is complex, and alternative legislation may be needed to provide clarity and protection for businesses and traders.

The Artificiality of Alignment

Reboot • 26 implied HN points • 19 Aug 23
🕹 Technology AI Research Ethics Market Governance
  1. The current trajectory of AI alignment research seems more focused on building profitable products than preventing widespread harm.
  2. The technical approaches to aligning AI systems with human values may prioritize building better products rather than mitigating long-term risks.
  3. Engaging in nuanced discussions about AI and its potential risks requires considering how algorithms could impact decision-making and societal structures.

Everyone is Frolicking But Me

Kyla’s Newsletter • 36 implied HN points • 08 Jun 23
💰 Finance Economy Inflation Policy Market
  1. Feeling uncertain about the economy can lead to a sense of badness even when things are okay-ish.
  2. Loss aversion bias makes people focus more on potential losses rather than potential gains.
  3. Uncertainty, social media influence, and loud voices can amplify fear and uncertainty, contributing to a sense of badness.

150 Not Out

Net Interest • 25 implied HN points • 07 Jul 23
💼 Business Newsletters Market Finance Research Industry
  1. Net Interest is a successful finance newsletter with impressive growth and subscriber numbers.
  2. Paid newsletters in the finance market have a rich history and potential for revenue generation.
  3. The newsletter industry is growing while institutional investment research is shrinking, showcasing different market trends.

📈 My outlook for algae bioremediation in 2024?

paxtier • 5 implied HN points • 03 Jan 24
🔬 Science Algae Biochemistry Market Investing Research
  1. Algae bioremediation faces challenges like wastewater treatment methods and integration with existing infrastructure
  2. Positive market signals in 2023 for algae bioremediation including government support and innovative projects
  3. Recent developments include Zanzibar seaweed production increase and Inalve raising €2 million for microalgae production

Reducing the factor zoo for bonds

Klement on Investing • 2 implied HN points • 22 Feb 24
💰 Finance Investing Bonds Market Economy
  1. Market factor drives bond prices based on beta to the overall bond market.
  2. Steepness of the yield curve reflects expected economic conditions and influences performance of riskier vs. safer bonds.
  3. Understanding a few key factors like bond market beta and yield curve steepness can simplify bond selection and drive performance.

Differentiation Treadmill of Startups

User-Friendly • 1 HN point • 06 Mar 24
💼 Business Startups Competition Innovation Market Differentiation
  1. Darwin's evolutionary theory emphasizes the importance of differentiation in the business world, just like in biological systems.
  2. In a competitive market, startups must set themselves apart through unique offerings to survive and thrive.
  3. Effective adaptive selection and differentiation can help businesses gain a competitive advantage and stay relevant in a constantly evolving market environment.

Decoding Bytedance’s strategy to tap India’s music app market

Turnaround • 296 implied HN points • 20 Jan 20
🕹 Technology Music Streaming Apps Market Strategies
  1. The music streaming industry in India faces challenges like messed up unit economics due to high operating costs, prompting companies like Spotify to create their own content to improve margins.
  2. Companies like Resso are introducing unique features like 'Vibes' to differentiate their music apps and engage users in social activities, adding layers of value generation and potentially solving the issue of new user growth.
  3. To tap into the Indian music app market successfully, companies like Bytedance are relying on user-generated content, social sharing, and potential breakthrough features to monetize through advertising in price-sensitive markets.