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πšƒπš›πšžπš—πš π™Ώπš‘πšŠπš— πŸ‡¨πŸ‡¦ Profile picture
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7 Feb, 6 tweets, 2 min read
17-yr old Notorious BIG free-styling 🐐
on a related note
Tupac and Biggie free-styling together.

This is incredible:
Also related:
PS: Smash that FOLLOW if you want your timeline to stay lit with incredible vids, memes and business stories.
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More from @TrungTPhan

πšƒπš›πšžπš—πš π™Ώπš‘πšŠπš— πŸ‡¨πŸ‡¦ Profile picture
8 Feb
1/ About a decade ago, MIT professor Andrew Lo lost 6 people (incl. his mother) to cancer over a 4yr span.

These losses spurred Lo to find a new financing model to cure diseases. One student used Lo's research to start a biotech firm that is now worth $8B.

Here's the story🧡 Image
2/ First, meet @AndrewWLo.

The director of MIT's Financial Engineering lab, he has taught a generation of Wall St.'s leading quants.

He created the "Adaptive Market Hypothesis" and was a Time 100 recipient in 2012 -- the mag described him as "Charles Darwin meets Adam Smith". Image
3/ In studying the biotech industry, Lo discovered a "valley of death" where startups couldn't get $.

It had to do w/ the drug discovery process.

A new drug might cost $200m to make w/ a 5% chance of success. Even if success = $2B/yr for 10yrs, most investors balk at the risk.
Read 11 tweets
πšƒπš›πšžπš—πš π™Ώπš‘πšŠπš— πŸ‡¨πŸ‡¦ Profile picture
7 Feb
People have basically stopped buying sedans.

80% of vehicle purchases are now SUVs, light trucks, and minivans.
7 potential reasons why people buying fewer sedans (via @SmarterRetail) πŸ”₯
Semi-related: this is the funniest mini-van bumper sticker I’ve ever seen.
Read 4 tweets
πšƒπš›πšžπš—πš π™Ώπš‘πšŠπš— πŸ‡¨πŸ‡¦ Profile picture
5 Feb
1/ Amazon Prime is a huge business, with 150m+ subs and an annual revenue of $20B+.

It's a staple in our lives...but was a total leap of faith when it launched in February 2005. Incredibly, Jeff Bezos and his team created it over a 6-week sprint.

Here's the story 🧡
2/ In the mid-2000s, Amazon was far from the behemoth we know today.

Check these market caps on September 30th, 2004:

β€’ Amazon = $17B
β€’ Best Buy = $18B
β€’ eBay = $61B
β€’ Walmart = $226B
3/ The catalyst for Prime was annoyance with Amazon's existing free-shipping offer ("Super Saver Shipping").

It was too complicated:

β€’ You had to hit a min. order of $25 (which created a complicated recommendation system)
β€’ Then wait 8-10 days for the items (customers pissed)
Read 17 tweets
πšƒπš›πšžπš—πš π™Ώπš‘πšŠπš— πŸ‡¨πŸ‡¦ Profile picture
4 Feb
Wow- The Information has seen Apple’s mixed reality headset:

β€’ 8K display with advanced eye tracking
β€’ A β€œthimble-like” device will control headset
β€’ Ship early as 2022 and cost $3k

Artist rendering:
my rendering of the Apple VR headset thimble
If you think the AirPods are easy to misplace, wait until 2024 and we find that the Apple VR Thimble is a $10B ARR business.

Apple products every time:
Read 4 tweets
πšƒπš›πšžπš—πš π™Ώπš‘πšŠπš— πŸ‡¨πŸ‡¦ Profile picture
2 Feb
Just read Ark Invest's Big Ideas 2021 report.

A tweet for each idea (big numbers coming) πŸ“ˆ

1/ Deep learning to create $30T of market value by 2037

β€’ Automated code writing
β€’ AI that "understands" language (GPT-3)
β€’ Big Tech spends billions on AI chips, everyone benefits
2/ Data centres will be totally transformed

β€’ Intel -- powers 90% of data centres -- has fallen behind
β€’ Next-gen data centres/PCs will run on ARM standard
β€’ GPUs (workhorse for AI) hits run rate of $41B in 2030
3/ Virtual world revenue hits $390B by 2025 (>2x today)

β€’ Video game monetization shifting to in-app purchases
β€’ Games are 3rd places (people spend 90m a day gaming in 2025)
β€’ AR market (Snap, FB, Apple) set to explode
β€’ Cost of VR (visual immersion) plummeting
Read 16 tweets
πšƒπš›πšžπš—πš π™Ώπš‘πšŠπš— πŸ‡¨πŸ‡¦ Profile picture
2 Feb
The Kowloon walled city in Hong Kong.

β€’ Lawless high rise squatter camp that was demolished in 1994.
β€’ 500 building built into 2.7 hectares
β€’ 50k residents at its peak

On the plus side, rent was <$10 / month.
Some of these photos are insane
With no municipal services, people used the roof as a garbage β€œdump”
Read 5 tweets

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