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29 Jul, 6 tweets, 3 min read
Robinhood $HOOD opened at $38 a share ($32B).

Nas and Snoop invested at $0.20 per share in the Series A. Legends. Image
Source on that: @theinformation Image
Follow @TrungTPhan for other hard-hitting Nas content LOL
Napkin math.

If Nas was cutting $500k checks from his fund (QueensBridge Venture Partners), he likely made ~$100m on Coinbase and Robinhood.

For more on Nas' track record, DEF read @RuncieDan here: trapital.co/2021/03/02/mem…
To clarify, the $38 isn’t from public trading yet.

Shares Robinhood sold ahead of IPO.

cnbc.com/2021/07/28/rob… Image
Worth flagging here.

Over 100 investors passed on Robinhood. Far from obvious a “commission-free” trading app would make headway when founded in 2013: Image

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More from @TrungTPhan

Trung Phan 🇨🇦 Profile picture
31 Jul
Yesterday, Bernard Arnault passed Jeff Bezos to become the world's richest person.

Worth $193B, he has spent ~40 years building luxury giant LVMH. His success is described as a combination of "generational" vision with "Sun-Tzu" business tactics.

Here's the story🧵 Image
1/ Today, the LVMH empire bring in $55B+ a year, employs 160k people and houses 75+ brands:

◻️ Fashion (LV, Celine, Fendi)
◻️ Wine & Spirits (Krug, Hennesy, Belvedere, Moet)
◻️ Perfumes (Dior, Guerian)
◻️ Watches & Jewelry (Tiffany's, Hublot, Tag Heuer)
◻️ Retail (Sephora) Image
2/ Arnault’s story begins in 1949, born in Roubaix, France (2hrs from Paris)

His family owned a civil engineering company. After graduating from École Polytechnique (France’s top engineering school), he began work for the family firm.

By 25, he was in charge. Image
Read 26 tweets
Trung Phan 🇨🇦 Profile picture
30 Jul
Lighting the 1992 Olympic flame with an arrow shot is the most baller thing I’ve ever seen
Backstory on archer Antonio Rebollo is insane:
◻️ Had polio at 8 months
◻️ Became archer at 22 (competed in Paralympics)
◻️ Chosen from 200 candidates b/c of his mental fortitude (in case he missed)
◻️ Hit 698 / 700 in practice (2yrs training)

latimes.com/archives/la-xp… Image
Def read this for more Olympics gold
Read 5 tweets
Trung Phan 🇨🇦 Profile picture
28 Jul
Tokyo last held the summer Olympics in 1964, less than 2 decades removed from the ruins of WWII.

To host the event, the city under took the "the greatest urban transformation ever".

It was a huge success, but one we are unlikely to ever see again.

Here's why 🧵
1/ Tokyo's OG Olympics story begins in 1959, when it won the bid to host the 1964 Games.

It wasn't the city we know today: 14yrs earlier was the Bombing of Tokyo, when US planes conducted "the most destructive bombing raid ever".

In many ways, the city was still recovering.
2/ At the time, Tokyo was a "polluted mess" that few wanted to visit:

◻️Poor roads / bad traffic
◻️Tallest buildings maxed at ~10 storeys.
◻️Underdeveloped sewage (1/4th of Tokyo had a flush toilet)

Amidst this, the city's population exploded from 3.5m (1945) to 10m (1963).
Read 18 tweets
Trung Phan 🇨🇦 Profile picture
25 Jul
Virgil Abloh just sold 60% of his streetwear brand Off-White to lux giant LVMH, where he serves as artistic director.

Incredibly, the Ghanaian-American has no formal fashion training (background = architect, DJ).

Here are 10 insights from a multi-disciplinary life.

THREAD🧵
Background: Virgil Abloh was born in 1980 in Rockport, Illinois to Ghanaian immigrants.

His father (Nee) worked for a paint company. His mother (Eunice) was a seamstress, who taught him how to sew.

In his teens, Virgil -- an avid skateboarder, graffiti artist -- designed tees.
After high school, Abloh's parents wanted him to learn a practical career, so he enrolled in Civil Engineering at U. of Wisconsin-Madison.

He didn't want to be an engineer in the "classic sense". He kept making custom tees and DJ-ing (his dad passed down an interest in music).
Read 27 tweets
Trung Phan 🇨🇦 Profile picture
24 Jul
In November 2012, Mark Zuckerberg sent a cold email (below) to Snapchat CEO Evan Spiegel.

Not long after, Facebook offered to buy Snap for $3B. Spiegel turned it down and — today — Snap is worth $120B+.

LESSON: Never accept offers from strangers on the internet.
Spiegel’s rationale for not taking the deal is great: “There are very few people in the world who get to build a business like this..I think trading that for some short-term gain isn’t very interesting.”

(“Short-term gain” = ~$750m for his cut) forbes.com/sites/jjcolao/…
Snap board member (and Benchmark VC) Mitch Lasky did say in an email that Spiegel did oscillate daily on whether to sell or “go long”

bizjournals.com/bizjournals/ne…
Read 5 tweets
Trung Phan 🇨🇦 Profile picture
22 Jul
Ted Lasso’s Season 2 starts tomorrow.

If you want a masterclass in character writing, re-watch the Pilot episode. My Hollywood screenwriter buddy did a frame-by-frame breakdown for me.

The show’s writers make us love Lasso…and it only takes 157 seconds.

THREAD 🧵
1/ From the get go, the Ted Lasso writing team effectively deploys the classic storytelling technique "show, don't tell".

Instead of Lasso (or other characters) talking about how great of a guy he is, we come to the conclusion based on observing his actions.
2/ We first see Lasso at the 3:51 mark of the pilot.

And when we do, it's a still photo of him on ESPN's Sportcenter show.

Importantly, it's a HUGE smiling photo that instantly pulls you in...and you spend 28 seconds with the still smiling image as Scott Van Pelt speaks.
Read 15 tweets

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