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CNBC gets at least part of the metric right: "the markets turned on cash-burning business..."

The primary financial goal inside a business like Postmates should be about cash not profit or earnings. Positive unit economics is also a goal.

cnbc.com/amp/2019/12/03…
The issue is cash, cash, cash. Not profit. Cash.

"Airbnb racked up heavy losses in the first half of this year as it spent heavily on marketing and adding employees. While it recorded a big profit in the third quarter..." theinformation.com/articles/silic…
"When forced to choose between optimizing the appearance of our GAAP accounting and maximizing the present value of future cash flows, we’ll take the cash flows.”

Jeff Bezos ir.aboutamazon.com/static-files/2…
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Tren Griffin
@trengriffin
25iQuiz:

1/ Why might Apple offer a interest free loan on an iPhone or other product (plus higher cash back) if you have an Apple Card?

What's the cost of that program per average per gross addition of a new Apple Card holder?
2/ "Mercator estimates that it costs a bank about $250 to acquire new credit card customers, with about $100 going to buying the bonus airline miles and the rest covering marketing and operational expenses."
3/ What does it cost a wealth manager on average to acquire a new customer? kitces.com/blog/announcin…

This below too high or too low?
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Tren Griffin
@trengriffin
1/ The impact on Seattle of this shift is even greater than other cities since the metro population is smaller. "Five Cities Account for Vast Majority of Growth in Tech Jobs, Study Finds" bing.com/amp/s/www.wsj.…
2/ One thing Seattle has done well is to not try to be "another Silicon Valley." Every city/region must find its own path to prosperity via differentiation. Yes, there are common elements like a major research university. No, Silicon Valley can't be fully replicated.
The report uses a specific standard for what qualifies as an "innovation job." R&D jobs in key technology categories is the test. Not every tech related worker qualifies under their definition. Every top 10 city has at least one major research university. brookings.edu/research/growt…
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Tren Griffin
@trengriffin
“We don’t do seed, we don’t do growth. We don’t try to be an investor just to have a logo. We either lead, take the board seat and do the work or we don’t.” Eric Vishria, Benchmark Capital ark-invest.com/research/podca…
If you want to understand to how an early stage investor builds an investing thesis, I recommend this podcast with Eric Vishira. As he describes real world examples you can observe how his deep understanding of SaaS/software creates differential insight. It makes you think!
Quite early in the podcast he insightful describes three generations of SaaS and their evolution. His description weaves in the shift from a world dominated by top down old school IT departments to a world where new school bottoms up developer models is where value is created.
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Patrick McKenzie
@patio11
Part of the art and science of customer support is understanding how you can lose money on *every* transaction that customer support gets involved with and still have things work out for you at scale... contingent on *very* successful execution both inside and outside of CS.
Human attention is much more expensive than people expect.

People expect human attention immediately if they ever need it.

People think human attention is built into your price.

These are not easy constraints to satisfy, but they are satisfiable at least some of the time.
An example of this: no single transaction involving a retail customer below approximately a mortgage would have positive contribution to a bank's bottom line if a person talked to you about it.
Read 9 tweets
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CSM
@usacsmret
Islam Is Not Compatible With Civilized Society, Part 3 newswithviews.com/islam-is-not-c…
I know that there are those that think that we can live in peace alongside those that hate us but history proves that theory wrong. To understand how America became great we have to understand the mindset of the Founders concerning the people that immigrated here.
We are a special nation that from our begging afforded the immigrant something no other nation offered, the right to pursue their dream of freedom, business opportunities that allowed them to reap a profit for their labor that wasn’t taken by the government.
Read 29 tweets
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Mayank Sisodia
@Mayank76361531
(Part 1)Why I personally believe that #yesbank could be a multibggers...
Q. What is the future of Yes Bank shares in 3 years?

The real problem yes bank have is assets quality. It's gross npa and net npa stands at 5.01% and 2.91% respectively....
(Part 2) Everyone believes that these number will only rise. I also believe the same. The real question is what could be the final npa numbers.

Moody's think that the npa number is 8%. Let's assume a scenario of 10% gross npa.
(Part 3)With a loan book of 2,40,000 cr that turns out to be 24,000 cr rupees of bad debt. Now all of this money won't be lost as these loans are secured by collaterals.
Let's assume that the bank only recovers 33.33% of this 24k crore rupees. This translates to a loss of 16000cr
Read 13 tweets
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Emmanuel Michael
@enmichael
Welcome to today's session of #HRwithEM, a weekly #TwitterSession #TweetChat to connect, learn and share career development tips, employee experience practices, as well as resolve burning #HR issues and/or questions. #Job #Business #Opportunities
Thank you to everyone joining us this evening. Please identify yourself and the location you are joining from, so we can acknowledge you properly. #HRwithEM #Job #Business #Opportunities
Feel free to tweet your question(s) at me with the hashtag #HRwithEM as the session is going on, and I would respond to all at the end of the session. #Job #Business #Opportunities
Read 29 tweets
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Per Bylund
@PerBylund
There is nothing automatic about #profit. In fact, 9 of 10 startups fail. Which means they go under and the investor often loses money, time, and effort put into creating and running the business. But it still creates jobs for those employed, even though fortune.com/2014/09/25/why…
those jobs of course only last for as long as the business. There is much confusion about *why* businesses fail, however. Which means there is bad advice for how to avoid failure. As noted in the linked @FortuneMagazine article, the "self-evident" reason startups fail is that
there is no market for what they produce. This is indeed an obvious point, but it is one that is almost entirely avoidable. I would even go as far as saying that most businesses fail for silly reasons, which explains why experienced entrepreneurs often do better: they don't make
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Arysa 🔞
@arysa91
Part Three of Now You Listen Here - my FBI!Bakugou and Photojournalist! Midoriya thread project - is finally here.

Part 1:


Part 2:


Reminder: TRIGGER WARNINGS. PTSD from war/torture, suicide/depression/anxiety mentioning.
Please be mindful of your own mental health. And if you need to talk after reading - or for any reason at all! - I'm here to listen ♥️ But I hope this story will be enjoyable rather than than damaging to persons reading it ♥️

Let's get started!
----------------
Katsuki woke up the next morning with Midoriya Izuku in his arms. And, fuck, did it feel amazing. Even if it probably was the worst decision he ever made. Career-wise, anyway.

But he'd deal with that later.

There were more important things to deal with than worry about what
Read 121 tweets

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