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Tren Griffin
@trengriffin
, 3 tweets, 1 min read Read on Twitter
"Thomas thinks there’s another important dividing line in Michael Milken’s life: his decision to abandon his god-awful toupee, which he jettisoned during his prison stay.” institutionalinvestor.com/article/b1f6wj…
I was once in a meeting with Craig McCaw with a communications and media billionaire. At one point Michael Milken stuck his wigless head inside the conference room door and said: "Whoops, wrong meeting room." The unsettled visiting billionaire said: "What are you up to Craig?"
Michael Milken financed Bill McGowan (telecommunications), Ted Turner (cable television), Steve Wynn (resorts), Len Riggio (book retailing) and Bob Toll (homebuilding).” He also financed T. Boone Pickens, Saul Steinberg, Carl Icahn, and Ronald Perelman. google.com/amp/s/25iq.com…
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More from @trengriffin see all

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Tren Griffin
@trengriffin
"We have a subscription economy. It’s so easy to use products now, but it’s just as easy to leave. Totally changes the game. It’s all about churn and retention." It’s much easier to push a throttle once we’ve got great revenue retention." saastr.com/step-by-step-g… h/t Marcelo Lima
"Revenue is an outcome. Sales is not about revenue generation, it’s around customer value creation. Churn is a silent killer [and] a lagging indicator.... We’ve gotta check off this customer success box... If you scale prematurely we’re gonna scale a cash bleeder." Mark Roberge
"What do you know in the first 30 or 60 days of your product usage that becomes your aha moment?"

My blog posts on:

Aha moments: 25iq.com/2017/02/10/a-d…

Core Product Value: 25iq.com/2017/03/24/cor…

Churn: 25iq.com/2017/01/27/eve…

Negative churn: google.com/amp/s/25iq.com…
Read 3 tweets
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Tren Griffin
@trengriffin
"Ten basis points of churn is a billion dollars,” says Donovan, who runs AT&T’s wireless, DirecTV and wired broadband. fortune.com/longform/att-m…

Bundling can lower churn. Costs of other services impact COGS.

Mufasa: "All LTV factors interact in the Great Circle of Life Simba."
Once upon a time in the mobile business what Buffett talks about here was referred to as the "you can only talk on your phone so many hours in a day problem." Of course, people don't talk much on their phones any more and leaving voicemails is what you do to people you don't like
QUIZ: When he said "Ten basis points of churn is a billion dollars" was he referring to revenue, cash flow, accounting earnings, lifetime value or some other financial metric?
Read 6 tweets
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Tren Griffin
@trengriffin
This is what my 25IQ blog is about 25iq.com/featured-indiv…. No advertising. No business model - negative revenue. Megan Quinn once described me as "a volunteer."

Also: I'm starting to worry a lot that I will never play in the NBA.
It is unfortunate that there aren't more scalable ways for people who have acquired good good judgement though experience, by having and observing bad judgement, to pass on a few lessons by teaching.
What is the most effective way to teach practical life lessons at scale? How can someone who has observed and participated in a lot best help people make new mistakes and achieve more? Mentoring is great but it doesn't scale well.
Read 4 tweets

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Henry Jones
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#OTD 3 Commando Brigade leave Portsmouth for the #Falklands aboard SS Canberra.
A section of BBC News from 9th April 1982: the Soviet Union describe the UK’s task force as "an immediate threat to international peace"

Fascinating to watch, the rest can be found here:
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(Thread) Last year, when I worked on @FresnoBee community engagement project about Fresno’s dividing line, #CrossingTheLine, I wasn’t expecting the community response. It was clear: something is happening in Fresno. Something is changing. 1/
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Richard James
@RichJamesBits
I have reached a whole new level of #PISSEDOFF.

I didnt think such a #dark and #scary state, or level, could be reached. It may top 12-14-17's causation. It's. That. Bad. So, I've prepared a statement...

docs.google.com/document/d/1_J…

#PascoSheriff #HaveYouAllNoShame @CigarCityBeer
Dear @FBI,
I must implore you ask your colleauges in @FBITampa to help research this new level of #PISSEDOFFNESS. As locals, they may offer a special indepth knowledge of this new level I have reached. This is not fair & law enforcement must #investigate. No one deserves this.
This is my #apogee of #Pissedoffness.
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WTF Just Happened
@WTFJHT
What the fuck just happened today?

⚡️ Day 580: Individual-1.

whatthefuckjusthappenedtoday.com/2018/08/21/day…
1/ Michael Cohen has "knowledge" implicating Trump in a "criminal conspiracy" to hack the Democratic emails during the 2016 election

washingtonpost.com/news/morning-m…
1a/ Cohen's lawyer said his client would never accept pardon from "corrupt" Trump because he "is not interested in being dirtied" or bailed out like Trump's "political cronies."

npr.org/2018/08/22/640…
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Elijah J. Magnier
@ejmalrai
#Important:
Yesterday late afternoon #Russia/n forces took 3 positions in Qusseyr and Juseh and established checkpoints. #Hezbollah, not informed of the Russian presence, came close to these forces and asked their immediate pull out+
Following the direct intervention of President Bashar al-Assad, the Russian force pulled out this morning and avoided any clash with #Hezbollah in the area.

hezbollah maantin and kept all positions. The #Russia/n move was not coordinated.+

#Hezbollah did not...I repeat, did not pull out one single element from the area.

I spoke to people on the ground: The Russian decision was unclear and considered unwelcome by the forces on the ground. Still, many elements of this move are unclear.

Read 6 tweets
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Scott Stedman
@ScottMStedman
Lindsey Graham's 2016 campaign manager, Christian Ferry, was mentioned in the 2014 Cayman Islands court documents filed by Oleg Deripaska. Deripaska named Ferry as a key associate of Paul Manafort:
Another name you'll notice: Konstantin Kilimnik. He was the man that Manafort emailed to offer private briefings to Deripaska during the 2016 campaign: businessinsider.com/paul-manafort-…
Senator @LindseyGrahamSC has changed his tune drastically over the past few days. From being a frequent Trump critic to this:
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