Magnificent 7, the new FAANG where Netflix got swapped to NVIDIA and Tesla got added.
1,055 karma · joined January 31, 2012
Incredibly easy setup, great UI/UX and no nickeling and diming with fees of any kind. Makes me wonder what are your unit economics like as you obviously will be making losses from the very smallest of customers?
All I was looking for after the slugfest of Jira was fast performance and keyboard shortcuts, and so far linear has been able to deliver.
I was certain he is announcing he's working with a team of ghost writers given his extraordinary writing speed.
What’s more, the growth will likely pick up each year as more and better EVs become available, and more people start considering them as a real alternative.
Right now the focus seems to be how easy it is for developers to get going, but it doesn’t really talk to me why I should be doing it.
Once I read the use-cases I get the idea and I’m impressed, but the drop off from people not bothering to click on a 2nd page can be surprisingly big.
From the outside, you'd think that a successful tech founder would have some qualities that help them to avoid falling for such blatant misinformation. He would have needed to research the market, competition and investors, but apparently the same rigor didn't need to apply here.
At the very least, you'd think he would have been smart enough to keep his opinions to himself. Like, he starts with email saying that the recipients "will think I’m crazy after reading it", and still decides to hit the send button.
Except when he got challenged to open a “difficult” bike lock in under 2 minutes by another locksmith he was dead silent the entire time and opened it in like 20 seconds.
Granted, Expensify grew 60% over the last twelve months, but by their own account it was 'primarily due to a pricing change implemented in May 2020, which led to a gradual increase in per member price for our paid members"
Makes me wonder if they are being hit hard by the new entrants like Ramp, or if the pandemic had such a major impact on all expense management platforms as people travel less - especially on business?
Multinational companies chose Ireland largely because:
1) Low tax basis
2) English speaking EU country
3) Part of the Euro zone (less important than #1 and #2 to be sure).
Given the OECD tax agreement there are fewer low-tax destinations for companies to pick from. And because of Brexit there are no other English-speaking EU countries.
Companies in Ireland aren’t going anywhere and it remains a pretty good option for any new HQs looking to expand into Europe. Ireland is just making more money off of each of them.
It's really helpful to understand the theory behind the pronunciation, instead of just repeating words and attempt to make the same sounds as my coach. As in "this is what your tongue should be doing, but you're doing this other thing instead."
You can even use the chart (and maybe Wikipedia) to identify specific reasons as to why you're doing something wrong. For example, there's just one way to pronounce "S" in Finnish, whereas there are four ways to do that in English. It's just something that never crossed my mind before starting to work with a professional.
To me this screams like an inside job. How is it possible that the thieves can get into the ships at night, spend hours hauling copper and paving stones and nobody notices.
Or are you saying you do that already and it still shows up as churn?
There were a good amount of masks in Pennsylvania, but in Ohio and Indiana it was as if pandemic didn't exist. Hotel employees didn't understand my reluctance to squeeze into a small space to pick up a to-go breakfast, and made snarky comments along the lines of "am I far enough for you sir?"
Madison, WI was much better, but starting from La Crosse all the way through Minnesota and North Dakota plains it was as if you were living in a different reality.
There’s certainly still some preference towards Excel in 2020, but in no way using sheets will mean that you’re not “financially savvy.”
You generally don’t want to bring milk to a boil as it creates a film on top and modifies the taste. Instead, you heat it to 162F / 72C to kill the bacteria and cool it down as quickly as possibly. There isn’t a “traditional” method going back generations, since it was only in the 1860s when Louis Pasteur invented pasteurization.
I always assumed he had calculated them correctly, but looks like his projection of $2.7MM ARR in 12 months might be a typo ($625k starting ARR with 15% annual growth is $3.3M, his figure is 20% less. Maybe he accidentally calculated Gross Margin run rate).
Here's a similar example illustrating the difference between 12 month and 6 month payback at different growth rates. The cells highlighted in yellow are inputs, so you can change the numbers and see how the capital requirements will change for the year.
https://docs.google.com/spreadsheets/d/1-kaIW6uvvMBER1efk8Yz...
The Customer Acquisition Cost (CAC) is high, but so is the ARPC (Average Revenue per Customer), so you can't just look at the one number in isolation to see if it's realistic or not.
In this case, I'd look at the CAC Payback time and the CAC:LTV ratio to see if these acquisition costs would be realistic in any kind of a company. The payback time climbs from 6-8 months to 19 over time, which is a pretty clear indication that this is unlikely to be a bootstrapped company. They just wouldn't have the capital to sustain it long-term, unless they sell mostly multi-year deals paid in advance.
For a VC Company, 19 months would be on the high end for sure, but not unheard of. Dated, but still great article from Tom Tunguz[1] says the SaaS median is 15 months, indicating there are a lot of companies with longer payback times.
Finally, if you look into the future projections you'll notice that the payback time grows to 26 months. Unless you have clear understanding why this should happen, this is more likely an indication that your forecast isn't very good. (Which, I'm realizing typing this, is quite ironic). Either your revenue growth is not fast enough in your forecast, or if it is the maximum you think you can do, your S&M spending is too high and your business just isn't sustainable. Or something else.
This is the same model I used to service several dozens of SaaS companies a month when we didn't have any software to help us.
The idea was that I need to have one core template that I can use to quickly onboard companies around $1m in revenue, while keeping it modular enough to add more complex forecasts or metrics for companies in the $5-20m range. (Not all of those more complex pieces are in this template though).
I'd appreciate any feedback on the model! There's definitely a lot of legacy stuff I would do differently if I were to start over.
I'm planning to update it this fall to make it simpler to get started, while keeping the structure robust enough to keep adding forecasts & reports over time. Maybe a video how-to would make the learning curve a little less steep as well.
My wife has Series 3 and I have Series 5, but I haven't seen a major difference between the two. Series 5 is slightly sleeker and smaller, but the updates didn't feel important enough for her to upgrade.