Sheel Mohnot Profile picture
Oct 6 5 tweets 2 min read
In Michigan, all public school students take the SAT in 11th grade so you get a full cross-section to look at demographics.

25% of Asians scored above a 1400 (96th percentile) on the SAT; no other demographic comes close
Women scored higher in English (ERW is Evidence-Based Reading and Writing), men scored higher in Math
unsurprisingly parents education levels and median family income are directly correlated with success on the SAT
It is remarkable how much of a bubble we live in. Many working in tech probably don't know many people who scored below a 1400 on the SAT.

The current average SAT at my alma mater (@CarnegieMellon) is 1510.
The whole report is interesting, found here: reports.collegeboard.org/media/pdf/2022…

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More from @pitdesi

Sep 16
Walked by this heaping pile of twisted concrete for the 1st time in a while (SF Embarcadero)...

brutalist buildings are bad enough to my eyes but this fountain is the worst example I can think of

And it's spewing green water right now (which apparently is a temporary cleaner)
Fun fact: U2 performed an impromptu set at the fountain in 1987. They decided to do it with <24 hours notice and ended up being their first cover of "All Along The Watchtower" which they just decided and learned the chords to on the way to the show.
To announce the concert, Bono graffitti'd the fountain with "Stop the Traffic, Rock and Roll"

He got fined $500 by the city Image
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Sep 15
456X for seed investors in Figma

They raised $332M in equity and are selling for ~$20B.
Possible they only spent ~$200M of equity capital to get to the $20B outcome.

By contrast Lyft gobbled $7.3B of capital and is worth $5.1B.

Software wins.
if this is accurate, OATV sold all of their shares at the series C, meaning they got a 12x return (making some assumptions) instead of the 456x they could have had if they had held on.

No right way to do this btw, plenty of counter examples.
btw me and @iamjakestream have a rule to prevent this: if @sequoia is buying the shares, we aren't selling.
Read 4 tweets
May 27
True story:

2 co-founders met while flipping burgers at Burger King

They decided to start a fintech company and entered their schools business plan competition and placed near the bottom.

Now the company is worth ~$30B.

@Klarna
Read 4 tweets
May 25
Investment advisors have to file w/ the SEC every Qtr.

Q1 for @viseinc ($1B val, Ribbit & Sequoia)
AUM: $362M🔻35% QoQ
Accounts: 2,478🔻0.6% QoQ
Mgmt fee: .25-0.5%; $900k-$1.8M annualized revenue
Employees: 91

They do charge a platform fee, so the revenue # may be incomplete
@viseinc fwiw I don't mean to knock them, they are building a business and I think its possible that I'm missing something, just interesting to read public filings

radientanalytics.com/firmdetails/50…
Titan (@titanvest) Q1:
AUM: $792M⬆️36% QoQ
Accounts: 43.8k⬆️43% QoQ
Mgmt fee: 1% (~$8M annual revenue)
Employees: 55
last reported round was $58M series B from a16z
radientanalytics.com/firmdetails/29…
Read 6 tweets
May 21
Biggest iOS publishers by all-time downloads:
1) Facebook: 16B
2) Google: 15B
3) Voodoo: 6B
4) Tencent: 5.7B
5) Tiktok/Bytedance: 5.2B
6) Microsoft: 4.8B

You might not know 2 & 3…
Voodoo is a 350 ppl French company that makes a ton of free-to-play games (Helix Jump, Baseball Boy, Snake vs Block, Hole io, Aquapark, Purple Diver, Paper io). They build on Unity and pump em out, often cloning indie games
You prob know Tencent, they are a monster in China- they make the messaging service WeChat, the most popular app in China, along with QQ, an instant messaging app that also has video, music, and a browser. They also have a huge gaming division and have a huge investing arm
Read 4 tweets
May 19
People always talk about how India has 1.4B people...
but to be in the top 1% of Indians by income, you only need to earn $57K.

Top 1% in US earn $823k+
Another great thread on this topic from @Nithin0dha
but a little jargon-y for the US folks.
definitions: 1 Crore = 10M. He's saying a max of 150M people are addressable as revenue generating in India

@Nithin0dha & from @kunalb11 - "It’s hard to sell things to people when their income is barely enough to survive and get food."

Read 5 tweets

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