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Rich Barton’s law: The number of cheap brand impressions rises with square of amount of controversial/interesting metadata produced.

Bill Gurley: "Organic users have a higher NPV, a higher conversion rate and lower churn than customers acquired through marketing spend."
"Most companies that have really high multiples, and that have been highly respected by investors all have or have had organic growth: Yahoo, Ebay, Google, Facebook, Skype, OpenTable, Baidu. These business models did not require marketing." Bill Gurley abovethecrowd.com/2011/05/24/all…
"Customer acquisition cost is low in a scalable business since positive word of mouth is strong (ie, the business benefits from organic customer acquisition)." Andy Rachleff

"With great companies consumers buy because the product is so good." Bill Gurley google.com/amp/s/25iq.com…
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Tren Griffin
@trengriffin
1/ Does Goldman’s Marcus service have product/market fit?
Deposits from Marcus were $60B at the end of the quarter, increasing $24B through the full year 2019. Credit card loans were $2B at the most recent quarter-end, up from $1B in the third quarter. pymnts.com/earnings/2020/…
2/ “Goldman consumer bank its fledgling credit card business, contributes less than 3% of its overall revenues.” reuters.com/article/us-gol… "51% increase in credit loss provisions to $336M as retail loans soured." cnbc.com/2020/01/15/gol…
3/ “Only once proven your value hypothesis do you move on to your growth hypothesis. The value hypothesis defines the what, the who and the how. What are you going to build, who is desperate for it, and what is the business model you are going to use to deliver it?” Andy Rachleff
Read 7 tweets
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Tren Griffin
@trengriffin
"By using this free digital tool that costs us very little in variable COGS we obtain data about you which is useful to us in cross-selling other financial services to you. Each time you add a different service to our bundles the risk that you will churn is substantially lower."
My interpretation of what Jim Barksdale famously said during the Netscape IPO was that unbundling can be a cost-effective way for a business to build a customer base that can eventually be used as a fulcrum for re-bundling other higher margin services. google.com/amp/s/25iq.com…
The cycle of rebundling seems to be picking up speed as business focus more on generating cash flow than the customer leads that result from unbundling.

Can you think of some financial services businesses that are picking up the pace on cross selling other products?
Read 3 tweets
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Tren Griffin
@trengriffin
Reminder: You aren't a private equity buyer who earns a fee + carry and must invest your fund or give LPs back their cash. A PE buyer can use a multiple(s) to "price" acquisitions on a relative basis. You by contrast should the "value" the business so you have a margin of safety.
Reminder: You are unlikely to be someone who "selects a portfolio of securities – mostly stocks – that are fundamentally overvalued no matter what markets do with clients who are primarily institutions who use you as a hedge to their core equity portfolio."google.com/amp/s/25iq.com…
I gave a talk once at a business school in connection with the BRK annual meeting. I was on after Aswath Damodaran, who gave a lively and valuable talk on the difference between pricing and valuation. "The value of assets may be very different than price."mmd.cfainstitute.org/pdf/2014/10491…
Read 3 tweets

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Lynn Williams
@LynnW192
Interesting UN data on 'femicide':

1/
87,000 women were recorded as intentionally killed in 2017.

58 % were killed by intimate partners or family members ie 137 women across the world are killed by a member of their own family every day.
2/
Oceania accounts for the largest share of all the regions in terms of women killed exclusively by intimate partners, at 42 % while Europe accounts for the lowest, at 29 %.
3/
The vast majority of intimate partner homicides (IPH) occur between heterosexual couples, most frequently involving a male perpetrator & a female partner.
Read 11 tweets
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Ramanuj Mukherjee
@law_ninja
It’s not my fault that the work is not done!

I always watch out for people who would not take responsibility for the end result and want to keep such people at bay.

#law #lawyers #lawstudents #learning #lawsikho
So does everyone who has the experience of handling a team, a business, or any responsible position.

There are two kinds of people out there - some of them have learned how to get things to work,
And there are those who can give you impeccable reasons for why things did not work.

I try to find how can I make things work when it is not supposed to work, and I have made a career out of it.
Read 25 tweets
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George Peretz QC🏴󠁧󠁢󠁥󠁮󠁧󠁿🏴󠁧󠁢󠁷󠁬󠁳󠁿BL🇮🇪
@GeorgePeretzQC
“Interesting” here means “hopeless”. Why hopeless?
As far as the right to political expression is concerned, there is, first, a general principle that the government does not itself have rights under the European Convention on Human Rights (or, I think, the Charter). These are rights of citizens, not states.
Ah, you may say, but what about Johnson. He is s citizen. What about his Article 10 ECHR rights not to have to write something he doesn’t believe in?
Read 13 tweets
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Joy Reid
@JoyAnnReid
-Rich folks hire undocumented workers on the cheap
-Rich folks fund the election of other rich folks
-Rich folks fund fake populism to make low paid people hate the workers hired on the cheap
-Rich folks "enforce the law" but they only hurt the people who were hired on the cheap
Trump saying "the system is rigged" is just words designed to make you think it's rigged by & for workers who got hired on the cheap. In fact, it's rigged by & for the people like the guy who runs Koch Foods and by & for ppl like Donald Trump.

A lot of y'all are getting duped.
Oh, and if Koch Foods decides to stop hiring undocumented workers on the cheap, they won't be going to coal or steel country to hire you guys who lost your gigs. They're going to go to automation. So kicking out those chicken factory workers gets you literally nothing. Well done.
Read 3 tweets
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Hetal Sachanandani
@BubblyDentist
I'm making a thread of things/items which can substitute plastic that we use in day to day life. Feel free to mute the thread. Please to share and even add to the list. #ReplacePlastics #EnvironmentFriendly
1. Jute bags can replace your grocery shopping plastic bags, carry your lunch box, etc. It is 100% biodegradable, low energy recyclable and are any day more sturdy than your paper or plastic bag!

amzn.to/2YpP2ej
These are another jute bags. Simpler and of all sizes.
#Jute #JuteBags

amzn.to/2KfyVaq
Read 17 tweets
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Nyaaya
@NyaayaIN
#Law #DomesticViolence
Indian law protects women from all kinds of domestic abuse. To know more about the provisions of Protection of Women Against Domestic Violence Act, 2005 read our explainer: bit.ly/2CMVlfS
PWDV Act, 2005, gives a broad definition of what qualifies as ‘domestic abuse’. It includes physical, sexual, verbal, emotional and economic abuse. Section 3 reads:
The Act provides for a ‘Protection Officer’ to help you through various processes under the law. This Officer can help you file the complaint, tell you about your rights, make an application to the Magistrate for you, etc.
Read 6 tweets

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