Viewpoints

Actions have consequences (first-order effects) and consequences have their own consequences (second-order effects). Let’s then explore a second-order effect of the Fed’s interest rate hikes threat […]

“Tech layoffs top 15K in a brutal May”… “Cost cutting, layoffs remain leading startup themes”. These are some examples of the headlines that have been mushrooming […]

The US VC sector shattered all records in 2021. Before that, 2020 was the best year ever. Pitchbook has recently published the data on the US […]

In May 2022 Sequoia Capital (a well-kwon VC firm) made a 52-page presentation, named “Adapting to Endure”, to share insights with the founders of its portfolio […]

It is possible to classify companies in three dimensions: 1) B2C / B2B 2) Tech Enabled / Tech 3) Transactional / Continued Services Naturally, the largest […]

That was the date of Amazon’s IPO. The IPO raised $54 million for Amazon, giving the company a market value of $438 million. 25 year later, […]

Benjamin Graham is considered the father of value investing and his book, “The Intelligent Investor”, published in 1947, the bible. Warren Buffett has become the most […]

Nasdaq is now in bear market territory and plenty of tech companies have tumbled more than 60% from their peak. So the question that naturally arises […]

University endowments funds are huge in the US. Their money mostly comes from alumni’s donations. Harvard’s, the largest one, reached US$ 53.2B in fiscal year 2021. […]