From debt to financial independence, corporate job to entrepreneurship, anxiety & self-doubt to inner peace
24 lessons I've learned about life, money, & time in my twenties:
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1. Money won't make you happy, but it can give you the freedom to figure out what does.
Money is just a tool.
What we're really are after lies under the surface.
Control of how we spend our time, where we spend it, and who we spend it with.
2. Fake it until you make it is bulls%$it. FACE it until you make it.
"Real confidence- that is, not a mask of confidence or phone bravado, but a true sense of one's own skills and character- arises not from ego, but from humility"
Digital Turbine ( $APPS ): The Largest On-Device Media Platform
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📚 History
+ $APPS was founded in 1998 and is HQ'd in Austin, TX. The company only has about 160 employees yet does almost $550K/employee in revenue
+ They started as a mobile ad agency business, but in 2014, signed a key agreement w/ Verizon to pre-install apps on its phones
✅ Basics
To summarize what Digital Turbine does today in one sentence-
+ They operate a cloud-based app distribution and curated content platform that connects wireless service providers, smartphone makers, and publishers with app developers and advertisers
$ABNB was founded in 2008 by Brian Chesky & Joe Gebbia, who when faced with a 25% rent increase, responded by converting their tiny San Francisco apartment living room into a bed & breakfast with the help of an air mattress in order to help cover their costs
+ By 2009, their small idea had more than one thousand customers and was able to secure a seed round
+ By mid-2011, it had more than one million customers
+ Today, $ABNB has more than 7MM listings in 100,000+ cities
Next Monday, Lemonade will announce its 4Q earnings
Global premiums from P&C and life insurance amount to $5T, making up 11% of US GDP
12 of the Fortune 100 are insurance companies, with an average age of 125 years old
Let's talk about the new kid on the block $LMND
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Lemonade is attempting to disrupt the legacy insurance industry with an AI & tech-enabled platform targeting Millenials
The company has soared from its IPO last summer
Co-founder @shai_wininger also co-founded the young freelance marketplace company, Fiverr $FVRR
Their start began in renters' insurance, but they have now quickly grown into a savvy full-stack, digital insurer, now offering homeowners, pet insurance, and term life insurance (auto soon!?)
Lemonade just does things differently, somehow making insurance cool again? 😎
At $33.6T, it’s nearly as large as the GDP of the two largest global economies combined
Over $1.5T of residential real estate changes hands each year
Let's compare the big three real estate disruptors
$RDFN $Z $OPEN
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Over the next ten years, these three companies will reinvent the process of buying, selling, and financing residential real estate
The market is highly fragmented with 2M real estate agents and has been relatively undisrupted by digital transformation so far
1) Zillow $Z
- A real-estate media tech giant, founded in 2004
- The largest of the three by market cap by far
- Think of Zillow as the “Google” of online real estate search, making most of their revenue selling ad space and leads to realtors and property management companies