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Tren Griffin @trengriffin
, 3 tweets, 2 min read Read on Twitter
“The average cost per gram of weed sold declined to $2.84 in 2017. How much will retail weed prices drop as growers inevitably increase supply? A business has the least control over this variable. The first chart I look at in a S-1 when there is an IPO is: nasdaq.com/markets/ipos/f…
Already GM + sales and marketing is 79% of revenue. G&A and R&D come after that. What if retail price drops 25% or more due to increasing supply? “IPO raised $153M at a $1.43B valuation (70% U.S. investors, 18% Canadian investors and 12% international).
What is Snoop Dogg's view on the microeconomics of weed? 25iq.com/2018/02/17/bus…
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"According to the survey results, the median pay for full-time writers was $20,300 in 2017, and that number decreased to $6,080 when part-time writers were considered. The latter figure reflects a 42 percent drop since 2009, when the median was $10,500."
In my blog post on writing books I wrote: "6. Don’t expect to earn more than the minimum wage and be thrilled if you earn more." google.com/amp/s/25iq.com…
"In Mémoires (1759), Voltaire recalled how in his youth he had come across so many writers who were “penniless and held in contempt” that “he had decided not to add to their number.” laphamsquarterly.org/luck/voltaires… "Thanks to his fortune he was free to pursue his writerly life."
Read 3 tweets
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"Companies can lose a lot of money in their early years but be wonderful businesses if they are acquiring customers with long lives and strong variable margins."

But some businesses just do the losing money part. A critical skill is knowing the difference between the two types.
Customer-based corporate valuation (CBCV) = valuing a business on a "bottoms up" basis by valuing the customers. In a subscription business especially, this is an essential process if you want to understand if real value is being created despite a lack of current GAAP earnings.
"CBCV isn’t about being profitable from day one. It’s about variable profitability in net present value terms (while still being mindful of fixed cost overhead of course!)" Determining whether a specific business is a delicious cheesecake or a turd requires detective work.
Read 6 tweets
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“The Fasten Seat Belt sign is now illuminated. If you haven’t already done so, please check your cash and cash equivalent balances. Please lower your burn rate and make sure your defensive investments are in their full upright position.”
“If you find yourself needing an emergency exit from illiquid investments, please read carefully the special instructions card. Cash is more king than ever. If you can’t handle the haircut you are about to experience, please ask someone to do the selling to raise cash for you.”
“We remind you this remains an uncertain and no sympathy correction. No one knows anything for sure as is usual. Crying and whining is prohibited, including in the lavatories. Tampering with, disabling or destroying your brokerage statements is pointless and prohibited by law.”
Read 5 tweets

Related threads

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How totalism works #QAnon #QAnons #Qanon8chan #QAnon2018
#TheGreatAwakening #cult #Cult45 #TrumpTrain #Trump2020 #TrumpExpress2020 #MAGA #MAGA2020 The brainwashing methods of isolation engulfment and fear can lead anyone to a cult. I should know, I was in one.
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I began my formal research in 1999, eight years after battling my way out of a secret, so-called #Marxist-#Leninist group whose leader controlled my life in its most intimate details.
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He determined what I wore: a version of the advice in John Molloy’s bestseller Dress for Success (1975), featuring tailored blue suits and floppy red silk bowties. More significantly, he decided when I could marry, and whether I might have children.
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(1/n)

$NVTA

* Raising annual volume and revenue guidance amid strong performance

* Q3 2018 gross profit of $16.9M up from nearly $5.0M in Q3 2017
(2/n)

$NVTA

* Based on progress in the quarter, Invitae is raising its volume guidance from more than 275,000 samples to more than 285,000
(3/n)

$NVTA

* Based on progress in the quarter, Invitae is raising its revenue guidance from between $135 and $140 million to between $140 and $145 million in 2018.
Read 10 tweets
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The Suffocation of Democracy

By: Christopher R. Browning

THREAD✔
1/
As a historian specializing in the #Holocaust, #Nazi Germany, and #Europe in the era of the world wars, I have been repeatedly asked about the degree to which the current situation in the United States resembles the interwar period and the rise of #fascism in Europe.
2/
I would note several troubling similarities and one important but equally troubling difference.

In the 1920s, the US pursued #isolationism in foreign #policy and rejected participation in international organizations like the League of Nations.
3/
Read 109 tweets
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001/ [article content in this tweet series 001-180 reproduced with permission from Martin Howe QC of Lawyers for Britain @lawyers4britain]
#quote "Leaving the EU on WTO terms: pulling down the barriers to world trade
Introduction: why prices will FALL after Brexit, not rise" /002
002/ #quote "Over the past couple of weeks, the media have been full of lurid scare stories about what will happen if the UK leaves the EU on WTO terms, because negotiations with the EU do not result in a withdrawal agreement." /003
#tariffs #NoDeal #Brexit #WTO #ProjectFear #shortages #food #medicines
003/ #quote "One of the most ridiculous and UNJUSTIFIED of these absurd scare stories is that it will lead to higher prices, and even shortages, of foods and medicines." /004
Read 180 tweets
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Highly recommend Artemis, a novel by @andyweirauthor (The Martian). It weaves together a vision of a lunar economy structured around a token ("slug") which is actually backed by real-world utility in the context of the book

cc @Melt_Dem @mdudas @wmougayar @KyleSamani @zaoyang
SLG: Soft landed grams ("slugs"). One slug gives the ability to get 1 gram of cargo transported from Earth to the Artemis lunar colony on proprietary (KSC) spaceships. Cargo is valued, thus ability to transport cargo is valued, and this is what all of Artemis wants.
Andy Weir calculated that 1 slug = 6 USD "..it ends up costing around $7,000 per person to go into low Earth orbit, and $35 per kilogram for freight. Add another $160 per kilogram to soft-land on the surface of the moon.
Read 7 tweets
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OK, so there's been a lot of discussion today about rocket "costs." We need to be clear that no one except the manufacturers/operators know what their rockets cost. All of this discussion is really about price (what the customer is charged). (1/N)
There is no fixed launch cost of a given rocket type. The cost of any given launch is a function of configuration, degree of reusability, propellant costs, flight rate, facility, etc. And we have to distinguish between marginal cost, and average cost.
For instance, the marginal cost of a Shuttle flight was the cost of mission-specific training, the propellants, the external tank, and rebuilding the SRBs. Probably about $200M-300M at time of retirement. The average annual cost was close to a billion per flight. 3/N
Read 11 tweets

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