applied know how
Two enduring metaphors of Covid were “flatten the curve” – reduce the incidence of Covid-19 infections to enable an overstretches health care system to cope.
The second was the image of a “V” shaped recovery… much hyped by Politicians facing I’m and the re-election… this thing will go away as fast as it came… we’ll bounce back.
Many pundits bet their reputations on this imagery.… Read more
Once a darling of the disruption crowd, MoviePass is no more; the stock is valued at zero… CEO and CFO have departed, the Board has resigned en mass …. the courts are holding the junk that’s left.
Investors are eager to plow vast sums of money into companies that offer “disruptive” products and services. Often the basis of this disruption is investor-subsidized predatory pricing or cash-burn machines.… Read more
We live in a very trusting investment world.
The business model appears to be;
for the last few weeks I’ve been thinking about the strategy of cutting edge companies.
We all know a “tech” moniker can boost valuation- just compare WeWork to IWG.
But what is Apple doing- it has been clearly a hardware company with a service and software add-on. But things are changing.
It does feel like there is one more shoe yet to drop when it comes to Apple’s strategic shift.… Read more
I love the Hubert Horan series on Uber/Lyft and with other Unicorns -inhabiting their own enchanted gardens- venturing out into the real world can be a danger to their health. Here is his latest take down of Uber/Lyft source
Given Lyft’s terrible performance- down 45% on their IPO price- Uber abandoned its original $120 billion valuation objective. As it began its roadshow, it announced a $90 billion target ($55 per share) designed to raise over $10 billion in new investment.… Read more