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Musings about technology, food, venture capital and fitness
Latest posts from heymarket
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capital cycles thoughts #1
Chapter 1 Reflections Definitions and Key Tenets Capital cycles (and the performance of individual companies/industries) are much more tied to the supply side equation rather than demand side. These changes in supply side lead to dramatic shifts in profitability, pricing power and performance. Management capital allocation skills are critical to navigating capital cycles Capital cycles - which…
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the cyclical economy and consumer
Digesting content from EPB research Changes in the economy stem from a few select categories that contribute to GDP. EPB argues that these three components are the most sensitive to change and other areas of the economy tend to be more sticky/stable. Durable Goods Consumption Residential Investment Business Equipment Investment The consumer spend patterns worth keeping an eye on are just durab…
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weekly snippets #1
Metrics https://www.thetwentyminutevc.com/everett-randle - Ev makes some good points around performance measurement in the AI era. COGs: The common frame from SaaS era investing is to see companies with high gross margins of c.80% as an indicator of health. AI companies are seeing much lower GM % (c.50% or less) as the inference spend is still high on a relative basis. Doesn’t mean it’s a bad bus…
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My first post
hello world