Profile picture
Tren Griffin
@trengriffin
, 3 tweets, 1 min read Read on Twitter
1/ Is it currently "harder" to earn the same return on investment on hardware than you can on software? Certainly. Software is eating the world.

"There’s been a lot of innovation in the world of bits and software, but not in atoms — real, hard engineering problems." Peter Thiel
2/ Capital and talent are attracted to what generates the highest return on investment. That there aren't real, hard engineering problems in software isn't true. Are the laws of physics more that just guidelines creating hard challenges and limits? Yes.
3/ Why would producers invest in hardware-based solutions when a software-based alternative is cheaper, better performing and faster to market? The proliferation of "white box hardware" and "software defined radio" solutions in networking are examples of "software eats world."
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Tren Griffin
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

More from @trengriffin see all

Profile picture
Tren Griffin
@trengriffin
1/ Battle of the Banks- CAC vs COGS.

In this corner CAC:

Morgan Stanley: "banks have an advantage in that they don’t have the same customer acquisition costs as startups." bing.com/amp/s/fortune.…
2/ In this corner COGS:

"Zelle, the person-to-person money transfer service created by a coalition of banks cost the banks billions of dollars to launch.

Venmo, a similar app used by millions of millennials, cost in the single digit millions."
3/ The CAC advantage of banks is reduced as financial technology startups start to cross sell ("would you like a credit card or insurance with that?") and upsell ("we have a premium plan for that") as the startups move from unbundling services to rebundling services.
Read 9 tweets
Profile picture
Tren Griffin
@trengriffin
1/ One way to acquire an analytical edge is to understand the nature of a technological shift like 5G wireless from first principles and in the process you may also acquire an informational edge. This process requires real work and skill to do well. edn.com/electronics-bl…
2/ The article linked in the last tweet doesn't distinguish between an air interface like 5G New Radio and a given frequency used by the mobile operator. If you don't know that difference, someone who does has an analytical and informational edge over you. sciencedirect.com/science/articl…
3/ An analytical edge about 5G is just as useful to investors analyzing a stock line QCOM or VZ as it is to a business deciding what technology to use in creating something like SaaS (PWA? Electron?). The future is always uncertain. But you can improve your odds of success.
Read 4 tweets
Profile picture
Tren Griffin
@trengriffin
"After the S&P 500's nearly 19% gain this year, the benchmark index is now trading near its fair value relative to interest rates, profitability as well as price-to-book valuations" Goldman. google.com/amp/s/www.cnbc… The tooth fairy has been making the same price-to-book argument.
When I read something like this:

"Traders are fully pricing a quarter-point cut at the July 30-31 Federal Open Market Committee meeting."

I imagine the meeting where this is decided by the "traders" (under a buttonwood tree?) and wonder why "investors" aren't invited?
Many macro predictions that attempt to time changes in the stock market are eventually right exactly once in a row. bloomberg.com/news/articles/… Focusing on when to buy is vastly easier than guessing about when to sell, especially if your focus is on a specific actual business.
Read 3 tweets

Related threads

Profile picture
Steven Sinofsky
@stevesi
1/ "Facebook has struggled to hire talent since the Cambridge Analytica scandal, according to recruiters…" cnb.cx/30rQnyK // There are no doubt challenges. To think this is precipitous and structural is a mistake. College recruiting has many dimension. Thoughts 👇
2/ I spent two decades visiting numerous college campuses every year and working to bring candidates to Microsoft. MS was built with college hiring, especially the Office team—hired hundreds of students every year. It was never easy and public stats, even leaks, don't tell story.
3/ Every few years there are super hot companies that it seems like "everyone" wants to join post college. Their on-campus presence/buzz can be a surprise. It is not always the big competitor everyone knows about. But all of a sudden there's huge interest and/or more competition.
Read 25 tweets
Profile picture
Erik Torenberg
@eriktorenberg
1/ Some thoughts on “Markets are eating the world”:

Marc Andreessen argued that “software is eating the world” back in 2011.

Why?

Lower start-up costs + a growing market for online services + deep pools of innovation-seeking equity capital
2/ “Over the next 10 years, I expect many more industries to be disrupted by software, with new world-beating Silicon Valley companies doing the disruption in more cases than not.”

He was right.

Software ate much of the world. And it’s still hungry…
3/ The internet was THE general purpose technology of the 2000s.

From logistics (optimization software) to agriculture (satellite analysis), and defense (software-powered drones), Software has transformed industries the world over

How? By providing better information markets.
Read 19 tweets
Profile picture
Values, believing, independent thinking, teamwork
@Bruno_Brunelli
🔴 #Software is eating the world, and it’s only the beginning

#ArtificialIntelligence #AI #MachineLearning #ML #FutureOfWork #Robots #Technology #Disruption

1/2
🔴 #Software is eating the world, and it’s only the beginning

#ArtificialIntelligence #AI #MachineLearning #ML #FutureOfWork #Robots #Technology #Disruption

2/2
Emerson, Lake & Palmer - From The Beginning (Live)

Read 11 tweets
Profile picture
Alan Cooper
@MrAlanCooper
Software development is so NOT carpentry. Carpenters around the world get very consistent results from known materials, tools, and processes. 1
It’s true, however, that carpenters generally are given definitive documents before they even begin. Blueprints. Detailed blueprints that describe in great detail exactly what the carpenter must build. 2
Maybe if developers were given detailed blueprints they could bring some predictability and repeatability to the software development process. 3
Read 10 tweets
Profile picture
Charity Majors
@mipsytipsy
people often ask me for links where they can learn about observability. i often link to @copyconstruct pieces, the honeycomb ebook, my own stuff. but now i have a new favorite, because these slides from @dotpem's talk at @QConSF .. are.. 💣💥. qconsf.com/system/files/p…
it's a rare set of slides that is funny yet informative, that tells a dense story visually without narration. @dotpem covers the origin story, the business case, metrics/logs/traces, sampling, even an intro to @honeycombio .. all without losing the plot. qconsf.com/system/files/p…
it's so freaking gratifying and awesome to see somebody tell the story better than i do. i get way too down in the weeds sometimes. brb sprucing up my own slides with screenshots of nathan's ...
Read 35 tweets
Profile picture
Kyle Yuan
@kylecyuan
1/ We are at the Information Age but have yet to reach the Age of Understanding. @pmacrca 's Why Software is Eating the World the bridge to "Why Bio is Eating the World."
2/ Many have short-term time horizons with new technologies (Blockchain Frenzy). Bio investing is the actual time arbitrage play with tremendous social and economic outcomes.

3/ Biology is the original IT.
Cells are hardware.
DNA is software.

Biological evolution has to do with environmental conditions.
Human evolution has to do with market conditions.
Read 5 tweets

Trending hashtags

#clueless #Hillary #gop #fintech #JournalismJobs #smartcontract #daca #AccidentsWillHappen #makeAmericagreatagain #competition #CyberSecurity #brand #HappyLaborDay #ArtificialIntelligence #ftchearings #BestOf #tngop #EarnCrypto #Winning #ElvisCostello #TheBeatles #TweetTheMuellerReport #Epstein #Software #IoT
Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!