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Tren Griffin
@trengriffin
, 3 tweets, 1 min read Read on Twitter
The market for a delicious bowl of pho in Seattle is an example of the importance of a barrier to entry. My favorite pho spot closed. The number of places to enjoy the product is constantly expanding. Supply of pho increases to create a return = the opportunity cost of capital.
Another example is selling Banh MI. Saigon Deli will sell you an outstanding version for less than $3.75. A few months ago I walked in and ordered 75 Banh Mi for a charity fund raiser. The man behind me ordered 100. That's a tough business with low pricing power. Great food!
Maybe the margin is higher on the other prepared foods and the Banh Mi is a loss leader. Lots of fun stuff to try:
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Tren Griffin
@trengriffin
1/ "In an ensemble [weather forecasting] system a forecast model is run many times varying the initial conditions and model physics--showing the range of potential events" writes a meteorologist. This is similar to investing using Charlie Munger's lattice of mental models.
2/ Invezting is far harder to model since, as Murray Gell-Mann pointed out: “Imagine how hard physics would be if electrons could think." But the ensemble approach to modeling is still applicable. Herbert Simon named what are known as "mental models." google.com/amp/s/25iq.com…
3/ "The human brain must work in models. The trick is to have your brain work better than the other person’s brain because it understands the most fundamental models: ones that will do most work per unit.” Charlie Munger. (Sorry for the invezting typo - my power is out).
Read 9 tweets
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Tren Griffin
@trengriffin
Not accurate. "A startup is an organization formed to search for a repeatable and scalable business model.” Steve Blank steveblank.com/2010/01/25/wha… The startup stage arguably ends when it finds "product market fit" and starts to execute on a "growth hypothesis." #noagreeddefinition
“A decision to pivot shouldn’t be taken lightly. Some founders pivot their way right into bankruptcy. Failing is not a good thing. Instead, having the ability to fail and then possibly still recover is a good thing.” Eric Ries. Being open to discovering PMF is not pivoting.
"Any time you have pivots 4-or-5 times a year you haven’t got enough focus. If you don’t give ever give x a chance to work out, it never will.” Mike Maples Sr. 25iq.com/2016/07/01/a-d…
Read 5 tweets
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Tren Griffin
@trengriffin
Odds are excellent that QuadrigaCX, which says it can't access $140M in cryptocurrency after its CEO unexpectedly died, will be able to access the account if it tries password 123456. If that password doesn't enable access at least hackers can't access the cryptocurrency.
Leaving Canada for India without anyone else having access to the passwords in the event something went wrong or to enable the business to operate as a business is not suspicious at all. This is all completely normal. 👀
google.com/amp/s/www.wsj.…

cryptonews.com/news/the-quadr…
Read 4 tweets

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Phillip Hunter
@designoutloud
Time this Monday for a few thoughts on voice-driven "conversational" digital products. (Oh, btw, come hear me talk about them on Wednesday in #Seattle: ) #voice #design
1 - Speech recognition technology often gets labeled as == "conversational". That's incorrect and misleading. Being able to identify the parts of the human anatomy is necessary to be a doctor, but doesn't enable understanding of how bodies work and don't.
2 - Recognition identifies words and phrases. It does not understand the context and define the meaning that the words and phrases represent. It can't. This is why vocabulary and comprehension are both taught in schools.
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Naveed Jamali
@NaveedAJamali
#seattle I’ll be speaking at the #SaveMueller rally tonight. I’ll be w @RepJayapal @SenatorCantwell and @MayorJenny. Fight. Resist. #NotAboveTheLaw
I’m in front of the Fed Bldng in #Seattle #NotAboveTheLaw #SaveMueller
Small crowd gathering. Excitement building!!
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Naveed Jamali
@NaveedAJamali
#seattle enough is enough. These “activists” have become nothing more then the BlackWater of homelessness. They don’t want to fix the problem, they want heads in beds to keep charging the city. seattletimes.com/seattle-news/h…
This is no longer about compassion or helping people, it’s about cold hard cash. These organizations are working not to transition people, but to keep them IN the camps.
“They think that everyone should want to camp for the rest of their freaking lives and have no way out of this,” said one former village resident, who asked not to be named.
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Sameer Sankhe
@samsankhe
1/
Great tech companies:

1: First build the great #product.
2: Through that, they establish the best distribution.
3: Build superior traction.
4: Raise higher resources.

bit.ly/2JHDDdn

#distribution #Sales #technologytrends #startups #venturecapital
2/
5: Create/acquire the newer products.
6: Continue growth momentum by putting those new products through the distribution pipes already created.
7: Grow to monstrous size.

#distribution #Sales #technologytrends #startups #venturecapital
3/
The market cap of the top 5 S&P 500 companies (GAFAM) = $4 trillion
The market cap of the bottom 282 S&P 500 = $4 trillion.

#distribution #Sales #technologytrends #startups #venturecapital
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Aurelius
@AureliusBTC
I've been talking to a lot of traders who are great at calling price action direction, but don't fully optimize their potential gains by using anything other than XBTUSD & spot.

So here's a thread on futures:
Futures contracts are an instrument that allows you to speculate on the future price of an asset at a certain date, the expiry date.

They're mainly used by 2 groups of market participants:
1) Hedgers
2) Speculators

When the futures expire, the contract settles at spot price.
Virtually all major assets have futures contracts, but futures are particularly useful in commodities, as it allows people to hedge.
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How Do I Rebuild Team?
@QuakesFan84
So tomorrow marks the one-year anniversary that @SciMarchSeattle organizer @SciSwany physically assaulted me as she prevented me from leaving my own house.
Back on January 5th, at the peak of harassment from @SciSwany and her friends, I contacted @SciMarchSeattle to let them know about what one of their co-founders was doing.
I had told one of the other @SciMarchSeattle cofounders about @SciSwany chasing me out of and around the house on multiple occasions. August 2016. October 2016. January 2017. February 2017. One of the most notable assaults came on March 30th, 2017.
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