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Dear @wework, Please stop investing into consumer companies. I’m not sure what possible strategic vision there could be, and how it could help you be great in real estate, but you’re killing these companies by overcapitalizing them with absurd valuations.
I think when Tech VCs invest into CPG/retail it is a disaster. They tend to put outrageous valuations perhaps driven by the belief that a consumer company can “own a market” like some tech companies could.
You know because Juiecero was going to own 70% of juice right? Or a mayo company might own all of condiments?
Anywho.....when you (@wework) invest its kind of like an amplification of the worst parts of a tech VCs investing into consumer.

It is hurting entrepreneurs.

I know its small #s on the billions you have raised, but it is hurting companies not helping them.

Please stop.
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Ryan Caldbeck
@ryan_caldbeck
I dont fully understand the pt you are trying to make @JimmyJJam so I will call it a night after this. We both agree there are 2 things at work 1) emerging brands stealing share, 2) new category formation impacting existing categories by stealing share of wallet/mouth
2/ But if you're standing by your last sentence- I would urge you to spend some time just googling or talking to some folks in the industry

bain.com/insights/how-i…
3/ It's kind of hard to know what data to send because there is a lot of it....
forbes.com/sites/avidan/2…
Read 8 tweets
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Ryan Caldbeck
@ryan_caldbeck
1/ Wow I loved this from @jerrycolonna via @fredwilson and @avc

avc.com/2020/01/the-cr…
2/ In particular:
"Surrendering to the demons that torment your organization does not mean abdicating your responsibilities to manage...acknowledging the ways you contribute to the problem without descending into pointless self-flagellation –adds to the heat beneath the crucible"
3/ That concept is clarifying and powerful for me. To be able to acknowledge that I have contributed to a key problem but not to beat myself up endlessly for it as CEO. That is not a balance I have had the mental discipline to strike.
Read 6 tweets
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Ryan Caldbeck
@ryan_caldbeck
Thanks @SpiritedDebate
1/ To clarify, I think DTC is good for iterating on a product. I think it is *horrible* for scaling efficiently. There are sooooo few counter examples. I've been saying that so much and for so long I tune myself out now.
2/ So when a small brand builds via DTC to grow big (and almost inevitably raises $X00m) I think that's bad. Very bad.
3/ When a small brand uses it to test new products - A/B test packaging, description, pricing, flavors, etc. - sometimes before the product is even ready- I love that. You can move bits faster than atoms, and infinitely better data than offline.
Read 5 tweets

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FanmatisseC(Back up a/c for FanMatisse#3)
@fanmatissec
This thread is a story of a land that has been changed hands over and over, connecting the most powerful in music, sports, real estate, with tycoons crossing real Pacific Ocean to grab its ownership, why?

#GreenlandUS

Explore Brooklyn's most contested real estate development
1) Overview:
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“Atlantic Yards, launched in 2003, also symbolizes "the theater of land use," how questionable.....ever-changing plans surround a knotty private-public partnership.”#GreenlandUS, nylikeanative.com/atlantic-yards… ImageImage
2: Aug., 2004, Jay-Z became minority-owner of the New Jersey Nets.
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Gaurav Sabnis
@gauravsabnis
Please stop responding to "have you read the act?" earnestly, especially if you actually have read the act word by word. Because it's not a real question. It's a classic sophistic deflection tactic. Shifts the focus on to you and makes you repeat objective facts.
Systematically sowing deflection and obfuscation in political conversations is how the right wing has been on the rise worldwide. They don't go after the flaws, if any, in your arguments. They go after the strengths, because you're most likely to passionately defend them.
Unless consciously "well left", those tactics will move the debate completely to their terms and premise. You'll just keep repeating facts they know and ignore, or don't want to know. You may find yourself eventually asked to "cite sources" for whether the sun is hot.
Read 3 tweets
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Karol Cummins
@karolcummins
💣RUMafia💣

Oleg Deripaska-Linked Firm Was Raided

Filings in U.K. reveal ‘live and ongoing’ U.S. criminal probe

Laundering inv’n grew out of Mueller’s work

The investigators are seeking evidence of “money laundering, tax offenses and fraud offenses” from 18 individuals and...
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Companies including Deripaska’s Terra Services Ltd., a real estate firm.

Assocs of Dmytro Firtash were working to dig up dirt on former VP Biden last summer in an effort to get Rudy Giuliani’s help in the oligarch’s legal case for which he is fighting extradition.
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Tapping pro-Trump lawyers like diGenova and Toensing looked like a useful way to help get his case thrown out.

DiGenova and Toensing have billed Firtash about $1 million.
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T. Greg "Not David Hasselhoff" Doucette
@greg_doucette
Sooo I got mailed some new apparel

Let no one doubt @wolmanj is a man of his word 🤣😂🤣😂🤣
This raises an important question: when the Second Court of Appeals affirms Judge Chupp's ruling where Vic Mignogna and Ty Beard got BTFO'd 0-17, does that count as an additional 17 losses or just one? 🤔

Oh man I hadn't even considered that: do we treat that as a multiplier?

e.g. 17 causes of action, claiming 2 errors apiece, for 34 losses???

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ericsavics
@ericsavics1
1/Dear Millennials,

We are growing up in the age of QE infinity, negative interest rates, unfunded promises, real estate bubbles and ponzi equity markets...

Have you heard of #Bitcoin?

Thread. 👇
2/ The M2 money supply is being debased by more than 6% annually.

The prudent millennial saves for their first home. The unit at which they save in (the dollar) dilutes at a rate faster than their rate of savings.

The market move away. The down payment out of reach.
3/ Rates are going negative all over the world. Trump is calling to follow trend.

Millennials will not grow up with a “risk free rate”.

Your savings account is on track to go negative.
Read 8 tweets
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Turner Novak
@TurnerNovak
"They will go completely horizontal beyond office spaces to manufacturing furniture for themselves... becoming a leader in real estate as an industry. The key is to own the customer. They own their customer, and that is extremely valuable."

businessinsider.com/wework-wants-t…
Good read on WeWork.

Beyond the co-working aspect, they are automating the process of designing/constructing new spaces. Construction is a multi-trillion dollar industry ripe for tech disruption, and WeWork is positioning itself in an interesting spot.

Automating WeWork's co-working model is important when thinking about how real estate works:

High fixed costs (take on debt, pay admin costs, insurance, etc), charge rent, make ~6-12% cash flow margin.

A decent amount of rent increase is incremental cash flow though.
Read 24 tweets

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