Anthony Pompliano πŸŒͺ Profile picture
Oct 3, 2020 β€’ 11 tweets β€’ 4 min read β€’ Read on X
Some of the most successful companies today were started during economic recessions.

Uncertainty and market volatility creates opportunity.

Time for a thread πŸ‘‡πŸ½πŸ‘‡πŸ½πŸ‘‡πŸ½
1) Jan Koum and Brian Acton cofounded WhatsApp in 2009 after both serving as Yahoo executives.

They eventually sold the company to Facebook for $19 billion in 2014.

Fun fact: Jan Koum had applied to work at Facebook and was rejected before starting WhatsApp.
2) Iqram Magdon-Ismail & Andrew Kortina cofounded Venmo in 2009 to create better digital payments.

They sold Venmo to Braintree in 2012 for $26 million, which was a year before Braintree was acquired for $300 million.

Venmo processed $37 billion of payment transactions in 2Q20.
3) Kevin Systrom and Mike Krieger cofounded Instagram in 2010 with a fanatical focus on photos.

They sold the company to Facebook only two years later for $1 billion.

Instagram is thought to be valued at over $100 billion today.
4) Travis Kalanick and Garrett Camp cofounded Uber in 2009 to solve their transportation needs.

They scaled the company internationally over the last decade and today it is a publicly traded company with a market cap of $66 billion.
5) Ben Silbermann, Evan Sharp and Paul Sciarra cofounded Pinterest in 2010.

They now have more than 300 million users and the company is valued at $26 billion.
6) Stewart Butterfield, Cal Henderson, Eric Costello, and Serguei Mourachov cofounded Slack in 2009.

It was a spinout of a previous company that didn't gain traction.

They are a publicly traded company valued at $16 billion today.
7) Jack Dorsey and Jim McKelvey cofounded Square in 2009 to create better merchant payment services.

There are more than 30 million companies using their products today and the company is valued at $75 billion in the public markets.
8) Recessions can be incredibly painful for a lot of people.

We shouldn't ignore those struggles, but we must also realize that recessions provide opportunity for entrepreneurs.

If you can survive the hard times, you can thrive during the good times.
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More from @APompliano

Apr 30
Here are 13 charts that highlight how bad wealth inequality has become.

It is insane.

Charts below πŸ‘‡πŸΌ
The middle class has been completely destroyed over the last 50 years. Image
Median income in the US is lower today than it was in 2019.

Inflation is killing income. Image
Read 8 tweets
Jun 15, 2023
BlackRock did not file for a bitcoin ETF.
They filed for a trust. It is different than an ETF.
Many people will say the ETF and the Trust are similar β€” they are correct.

The products are technically different, especially around regulatory approvals, but the end result for investors are similar.

GBTC is a trust. You can’t redeem from the fund. BlackRock is a trust, but… twitter.com/i/web/status/1…
Read 5 tweets
Jun 12, 2023
Here are 44 charts to explain what is happening in the US economy right now.

Let's dig in πŸ‘‡πŸΌ
GDP continues to grow and is up 9x since 1950. Image
Average GDP growth has been cut in half since 1960s though. Image
Read 8 tweets
May 16, 2023
The debt ceiling crisis is going to become a much larger concern for investors in the coming weeks.

Most of the mainstream media is writing about the drama, but ignoring the real important stuff.

Here is what you need to know πŸ‘‡πŸΌ
Janet Yellen sent a letter to Speaker Kevin McCarthy reiterating that the US will default in early June if action is not taken.

She claims the default could happen as soon as June 1st. Image
The Treasury's cash balance has been cut in half since the start of May.

This is a major problem β€” we can't pay bills if we don't have money. Image
Read 8 tweets
May 16, 2023
A great dinner question that almost always spurs deeper, more valuable conversations:

What is the most impactful thing you have ever done for someone else and why did you do it?
Another one:

"Which friend from childhood had the biggest impact on your life and in what way?"
Another one:

"What is the one skill you want to teach your children and why? How are you going to do it?"
Read 4 tweets
May 11, 2023
One of the companies that I am cheering hardest for is @AtomLimbs.

They are building the first artificial human arm.

It is a non-invasive, mind-controlled artificial limb that would help millions of people in their daily lives. ImageImageImageImage
In order for @AtomLimbs to successfully pull off the artificial arm, they have to combine an array of disciplines perfectly. Image
When I first heard what @thetylerhayes and the team were doing, I wanted to invest to merely support the commendable mission.

They have shocked me with how far they have come.

Atom Limbs is the perfect example of a bold bet. We need more people and companies like this.
Read 4 tweets

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