The 9 Most Anti-Fragile Companies I've Evaluated
(That are still under $100 billion)
(That are still under $100 billion)
Largest to smallest, those 9 are:
1) Airbnb $ABNB - $94 B
2) Mercadolibre $MELI - $77 B
3) Atlassian $TEAM - $67 B
4) CrowdStrike $CRWD - $58 B
5) DocuSign $DOCU - $54 B
6) Peloton $PTON - $37 B
7) Datadog $DDOG - $33 B
8) Unity $U - $32 B
9) Axon $AXON - $11 B
1) Airbnb $ABNB - $94 B
2) Mercadolibre $MELI - $77 B
3) Atlassian $TEAM - $67 B
4) CrowdStrike $CRWD - $58 B
5) DocuSign $DOCU - $54 B
6) Peloton $PTON - $37 B
7) Datadog $DDOG - $33 B
8) Unity $U - $32 B
9) Axon $AXON - $11 B
Seven of these companies have been public since January 2020 -- capturing the chaos of the pandemic that "Antifragility" is built for.
Their average returns: 230%
The S&P 500's: 32%
What do all of these companies have in common?
8 things👇
Their average returns: 230%
The S&P 500's: 32%
What do all of these companies have in common?
8 things👇
Mission driven:
$ABNB - Belong anywhere
$MELI - Democratize commerce in LatAm
$TEAM - Unleash potential of teams
$CRWD - Stop breaches
$DOCU - Simplify life for co's
$PTON - Connect world via fitness
$DDOG - Restore sanity to DevOps
$U - Democratize game dev
$AXON - Protect Life
$ABNB - Belong anywhere
$MELI - Democratize commerce in LatAm
$TEAM - Unleash potential of teams
$CRWD - Stop breaches
$DOCU - Simplify life for co's
$PTON - Connect world via fitness
$DDOG - Restore sanity to DevOps
$U - Democratize game dev
$AXON - Protect Life
WIDE MOATS
Switching Costs: $MELI (Pago), $TEAM, $CRWD, $DOCU, $PTON (sunk costs), $DDOG, $U, $AXON
Network Effects: $ABNB, $MELI, $CRWD, $PTON, $TEAM (apps)
Low-Cost Production: $MELI (Envois)
Brand: $ABNB, $MELI, $DOCU, $PTON
Counter-position: $ABNB, $PTON
Switching Costs: $MELI (Pago), $TEAM, $CRWD, $DOCU, $PTON (sunk costs), $DDOG, $U, $AXON
Network Effects: $ABNB, $MELI, $CRWD, $PTON, $TEAM (apps)
Low-Cost Production: $MELI (Envois)
Brand: $ABNB, $MELI, $DOCU, $PTON
Counter-position: $ABNB, $PTON
OPTIONALITY
$ABNB - Stays👉Experiences
$MELI - Commerce👉Pago/Envios
$TEAM - Jira👉Everything else
$CRWD - 19 modules
$DOCU - E-Sig👉Agreement Platform
$PTON - Bike👉Mobile App
$DDOG - 10 modules
$U - Create👉Operate
$AXON - Taser👉Body Cam & Software
$ABNB - Stays👉Experiences
$MELI - Commerce👉Pago/Envios
$TEAM - Jira👉Everything else
$CRWD - 19 modules
$DOCU - E-Sig👉Agreement Platform
$PTON - Bike👉Mobile App
$DDOG - 10 modules
$U - Create👉Operate
$AXON - Taser👉Body Cam & Software
Financial Fortitude (ex- $DOCU & $U)
Net Cash / FCF
$ABNB - $4.2B / $405M
$MELI - $2.7B / $483M
$TEAM - $1.5B / $742M
$CRWD - $1.1B / $323M
$DOCU - ($100M) / $304M
$PTON - $1.8B / $389M
$DDOG - $0.7B / $108M
$U - $1.5B / ($81M)
$AXON - $0.6B / $5M
Net Cash / FCF
$ABNB - $4.2B / $405M
$MELI - $2.7B / $483M
$TEAM - $1.5B / $742M
$CRWD - $1.1B / $323M
$DOCU - ($100M) / $304M
$PTON - $1.8B / $389M
$DDOG - $0.7B / $108M
$U - $1.5B / ($81M)
$AXON - $0.6B / $5M
None have any CONCENTRATION risks
Moving on👇👇👇
Moving on👇👇👇
Founder-led (ex-$DOCU), Soul-In-The-Game
$ABNB - Chesky
$MELI - Galperin
$TEAM - Cannon-Brookes & Farquhar
$CRWD - Kurtz
$DOCU - ❌
$PTON - Foley
$DDOG - Pomel & Le-Quoc
$U - Ante (CTO)
$AXON - Smith
Often, this is about more than $$, it's passion
$ABNB - Chesky
$MELI - Galperin
$TEAM - Cannon-Brookes & Farquhar
$CRWD - Kurtz
$DOCU - ❌
$PTON - Foley
$DDOG - Pomel & Le-Quoc
$U - Ante (CTO)
$AXON - Smith
Often, this is about more than $$, it's passion
SKIN-IN-THE-GAME (ex $DOCU, $AXON)
~Percent of shares owned by Mgmt / ~Total value
$ABNB - 36% / $33B
$MELI - 8% / $6B
$TEAM - 48% / $32B
$CRWD - 8% / $5B
$DOCU - 4% / $2B
$PTON - 17% / $6B
$DDOG - 20% / $7B
$U - 19% / $6B
$AXON - 2% / $0.3B
~Percent of shares owned by Mgmt / ~Total value
$ABNB - 36% / $33B
$MELI - 8% / $6B
$TEAM - 48% / $32B
$CRWD - 8% / $5B
$DOCU - 4% / $2B
$PTON - 17% / $6B
$DDOG - 20% / $7B
$U - 19% / $6B
$AXON - 2% / $0.3B
HAPPY EMPLOYEES (ex- $AXON)
Glassdoor stars / CEO Approval
$ABNB - 4.3⭐️/ 88%
$MELI - 4.5⭐️ /97%
$TEAM - 4.6⭐️/96%
$CRWD - 4.3⭐️/ 98%
$DOCU - 4.6⭐️/ 98%
$PTON - 4.2⭐️/ 91%
$DDOG - 4.1⭐️/ 95%
$U - 4.4⭐️/ 93%
$AXON - 3.8⭐️/ 79%
Glassdoor stars / CEO Approval
$ABNB - 4.3⭐️/ 88%
$MELI - 4.5⭐️ /97%
$TEAM - 4.6⭐️/96%
$CRWD - 4.3⭐️/ 98%
$DOCU - 4.6⭐️/ 98%
$PTON - 4.2⭐️/ 91%
$DDOG - 4.1⭐️/ 95%
$U - 4.4⭐️/ 93%
$AXON - 3.8⭐️/ 79%
Might have noticed I made many exceptions.
That's because..
PROCESS > score
What I find out by doing it = THE REAL VALUE
Want a copy of this framework and @BrianFeroldi 's? You name the price (INCLUDING FREE) here
gumroad.com/l/zWXye
That's because..
PROCESS > score
What I find out by doing it = THE REAL VALUE
Want a copy of this framework and @BrianFeroldi 's? You name the price (INCLUDING FREE) here
gumroad.com/l/zWXye
If you want to see both of us put these frameworks into action, consider following:
@Brian_Stoffel_
and
@BrianFeroldi
Every week, we put out at least two videos using these frameworks. Subscribe here
youtube.com/brianferoldiyt
@Brian_Stoffel_
and
@BrianFeroldi
Every week, we put out at least two videos using these frameworks. Subscribe here
youtube.com/brianferoldiyt
The 9 Antifragile Companies
(Under $100B)
1) Airbnb $ABNB
2) Mercadolibre $MELI
3) Atlassian $TEAM
4) CrowdStrike $CRWD
5) DocuSign $DOCU
6) Peloton $PTON
7) Datadog $DDOG
8) Unity $U
9) Axon $AXON
(Under $100B)
1) Airbnb $ABNB
2) Mercadolibre $MELI
3) Atlassian $TEAM
4) CrowdStrike $CRWD
5) DocuSign $DOCU
6) Peloton $PTON
7) Datadog $DDOG
8) Unity $U
9) Axon $AXON
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