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Jan 23 • 4 tweets • 2 min read
when its 3am after the club and you trying to get the squad into the Uber
how long it’s been since I was actually at a club until 3am
me looking at my credit card bill the morning after being out to the club until 3am
the friend that takes forever to leave the club at 3am

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More from @TrungTPhan

Trung Phan 🇨🇦 Profile picture
Jan 19
Netflix is known for its cutthroat culture and willingness to pay top dollar for superstar talent.

The approach -- first outlined in a famous 2009 slide deck -- is about managing people in creative industries (eg. media, tech) while scaling fast.

These 7 slides explain it 🧵
1/ Netflix competes in media + tech (knowledge work that often requires creativity).

High-performers in these fields can be 10x better than the average.

In a "procedural" field (manufacturing), the best may only be 2x better (industries that deal w/ atoms are naturally capped).
2/ Most businesses get more complex as they grow.

To deal with this, companies introduce processes (and bureaucracy), which has the adverse effect of driving out creative talent.
Read 16 tweets
Trung Phan 🇨🇦 Profile picture
Jan 12
The @Wendys “Roast Me” day is getting off to a very strong start
😂😂😂
relentless
Read 5 tweets
Trung Phan 🇨🇦 Profile picture
Jan 9
Some of the worst tech and business predictions were made by people most-informed on the industries.

THREAD: Here are 10 quotes with the rational behind them (and sources).
Internet Prediction (1995)

“I predict the Internet…will soon go spectacularly supernova and in 1996 catastrophically collapse.

Robert Metcalfe (Ethernet inventor) wrote this in Infoworld Magazine. In 1999, he put the column in a blender and "ate" his words for being wrong.
Mobile Computing Prediction (1992)

The idea of a wireless personal communicator in every pocket is "a pipe dream driven by greed."

Intel CEO Andy Grove at the '92 Mobile Conference
Read 18 tweets
Trung Phan 🇨🇦 Profile picture
Jan 6
Since August 2018, Apple's market cap has grown from $1T to $3T. Despite delivering huge results, Tim Cook's product strategy is often misunderstood.

Users are going deeper into its ecosystem and Apple is positioned to win the next computing platform: AR.

Here's a breakdown 🧵
1/ The best way to highlight the success of Cook's product strategy is cash. Over the past 3 years, Apple's *free cash flow* has totalled an absurd $225B.

Apple has the world's most profitable:
◻️ smartphone
◻️tablet
◻️ laptop
◻️ desktop
◻️ smartwatch
◻️ wireless headphones
2/ Apple analyst Neil Cybart explains why the company's product line is unmatched:

"Computers small and light enough to be worn on the body are sold next to comps so large that built-in handles are required. All these products are designed to work seamlessly together."
Read 19 tweets
Trung Phan 🇨🇦 Profile picture
Jan 3
Tim Cook has been Apple's CEO since Aug. 24, 2011. Over this span, Apple's market cap has jumped from $340B to -- just today -- $3T.

Despite this massive gain, Cook is only worth $1.5B.

LESSON: You don't get rich being an employee. Image
For more timeless business lessons, check out my Saturday email: trungphan.substack.com

Side Note: when Jobs approached Cook to join Apple in 1998, many thought he should have stayed at Compaq. Apple was in a bad place.

His starting salary: $400k + $500k signing bonus (CNBC). Image
People, the Cook tweet was a joke. Let's talk about the actual biggest $AAPL winner: in absolute dollar terms, Buffett.

Between 2016-2018, Berkshire bought ~1B shares (adjusted for 4-1 stock split) for $36B.

That's now worth $150B+: Image
Read 7 tweets
Trung Phan 🇨🇦 Profile picture
Jan 2
When Steve Jobs unveiled the iPhone in Jan 2007, the maker of BlackBerry — Research in Motion (RIM) — had a market cap near Apple's ($60B vs. $75B).

Now, it’s $5B vs. ~$3T.

While Jobs positioned iPhone perfectly, RIM made 5 decisions that led to its fall.

Here's a breakdown🧵
1/ The BlackBerry vs. iPhone story is not as clean as it seems in hindsight. When iPhone officially hit markets in June 2007, many thought it would fail.

Former Microsoft CEO Steve Ballmer famously balked at the price ($500) and design ("no keyboard").

Tech media was skeptical:
2/ Blackberry sales actually grew for many years after iPhone's launch.

In 2007, RIM moved <10m BlackBerry units.

In 2011, RIM moved more than 5x the units, selling 50m+ handsets for the year.
Read 21 tweets

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