One of the most interesting leaked Sony emails from 2014: Snap CEO Evan Spiegel and Sony CEO Michael Lyndon.

Spiegel was only 23yo, writing crazy insightful notes on markets and valuation: ImageImageImageImage
Some backstory on Spiegel turning down Zuck’s $3B+ offer ( $SNAP is a $94B company today): ImageImage
Links

Turning down Zuck: bizjournals.com/bizjournals/ne…

Markets & Valuation: businessinsider.com/snapchat-ceo-e…
For more business tomfoolery (and fun facts), def smash that FOLLOW: @TrungTPhan

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More from @TrungTPhan

2 May
How does Apple do M&A deals? Image
Previously wrote on why Apple didn't buy Tesla Image
Here's a fascinating breakdown on Apple's M&A strategy from 2000-2016.

All of its deals were hyper-focused on powering the platforms: from MacOS to iOS Image
Read 5 tweets
2 May
A meta-threads of my top threads (that will make you smarter) sprinkled in with memes (that will make you dumber)🧵
2/ The time Bezos and Musk had dinner to talk space

Read 33 tweets
1 May
In 1958, Warren Buffett spent $31,500 to buy a modest home (where he still lives).

If he slept in the street and put all that money into Berkshire Hathaway — when he fully took it over in 1964 — it would now be worth $882,000,000.

Lesson: Don’t buy real estate.
Could someone good at math tell me what a 2,810,526% gain on $31,500 actually is?
Read 4 tweets
1 May
This late-90s video of Steve Ballmer explaining how Marc Andreessen and Netscape beat Microsoft to market is hysterical
PS: Here’s a story of how Ballmer got crazy Microsoft equity
Telling my grandkids this was Bill Belichek
Read 5 tweets
30 Apr
uh oh, fadeaway phan is back
@ShotMechanics , pls fix
this one for @RampCapitalLLC: NBA line
Read 5 tweets
28 Apr
1/ Brex raised new funding at a $7.4B valuation.

Interestingly, the corporate card startup launched in 2018 with a very successful $300k out-of-home (OOH) ad campaign.

Here's a breakdown of Brex's OOH strategy 🧵
2/ First, what are out-of-home (OOH) ads?

There are 4 major categories:

◻️ Street furniture (bus benches, phone kiosks)
◻️transit (taxis, busses, airports)
◻️place-based (arenas, shopping malls)
◻️billboards (traditional and digital)

Billboards make up 60%+ of OOH inventory.
3/ What's interesting about OOH is that if used correctly, the cost to reach 1k people (aka CPM) is cheaper than other ad options.
Read 12 tweets

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