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And other lessons from a 9-figure edtech startup
Substack can't decide if it's a CMS or a media brand. Neither could Medium. Their indecision will likely lead to similar outcomes.
Chegg grew their stock price from under $10 to over $85. They did it by changing their business model from the ground up and investing in digital media content.
An unlikely marriage where both sides win
The largest IPO in history is happening in China with Ant Financial. In this post, we discuss all the services Ant Financial provides and what to expect in the future from Ant.
And what it means for your job
The difference between a contractor and an employee, what Uber's existing business looks like and how AB5 will impact their financials.
A look inside the S-1 of Wish. Included is the background of Wish, a look at their margins, how the universal postal union is changing their cost structure, how their CAC is rising and if they are viable long-term.
Why and how I ran a search fund
Many schools have closed, representing a unique opportunity to buy school bus operators. With a strong moat, now might be the right time to buy.
A history of stock market exchanges: from fragmentation to monopoly, monopoly to fragmentation and back again.
What is the Cash Conversion Cycle and why is it useful? In this post, we discuss the Cash Conversion Cycle formula, an example calculation, and a comparison of public retailer IPOs.
It's getting kind of scary out there
A three-sided marketplace to bring specialty retail to the internet
After a short break, Napkin Math returns with a new writer
Book review of The End of Accounting: there are four problems with current financial statements and intangible assets are the biggest reason why.
Nike just released their latest earnings report. We dive into their "Consumer Direct Offense" strategy, how they combined their brand marketing with technology.
In China, livestreaming has changed eCommerce. Learn about how it works, what the hosts do during the steam, and how it could impact American eCommerce.
Polls and pundits don't do a good job of predicting election results. But what about prediction markets? In this post, we discuss what makes a good market and what could cause it to be wrong.
What drivers think of AB 5, why it was written, and the pricing differences between services
Adam Keesling
Evan Armstrong