Napkin Math

Business breakdowns, by the numbers.

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Napkin Math

GPT-3 Will Accelerate The Privatization of Internet Communities

What GPT-3 is, GPT-3's capabilities, if GPT-3 will replace jobs, and how it affects social media.

25 Jul 30, 2020 by Adam Keesling

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Is Facebook Fixable

A Review of An Ugly Truth

23 Aug 13, 2021 by Evan Armstrong

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ITDA: The Gamification of Financial Statements

How governments and companies are engaged in mutual manipulation

23 πŸ”’ May 28, 2021 by Evan Armstrong

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In Defense of WeWork’s Community-Adjusted EBITDA

Clarifying the murky middle ground between Gross Profits and Net Income

21 πŸ”’ May 13, 2021 by Evan Armstrong

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My Favorite Company Deep Dives of 2020

Taking a look at the best companies deep dives of the past year, including posts on Fiverr/Upwork, Carta, Tyler Corporation, CostCo and more

21 Jan 7, 2021 by Adam Keesling

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Gross Margin: An Indicator of Market Power

What America's Oldest Jeweler Can Teach Us About the Value of Bling

20 πŸ”’ Apr 29, 2021 by Evan Armstrong

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How a Climate Tech Startup Closed 5+ Enterprise Deals Before Even Launching

Remora, The Bureaucracy Buster

20 Aug 20, 2021 by Evan Armstrong

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First Steps to Buy A School Bus Company

Last week I pitched the idea of buying a school bus operator. This week I tell you how to do it.

18 πŸ”’ Sep 9, 2020 by Adam Keesling

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Can Political Betting Markets Predict Election Outcomes?

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.

17 Nov 4, 2020 by Adam Keesling

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Twilio’s Second Act

Twilio rode its API to a $66B valuation. Now it’s trying to become the Universal Switchboard for the internet.

14 πŸ”’ Jul 28, 2021 by Evan Armstrong

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Crash: Pitch a Company, Get a Job

Candidates earn jobs by putting in more work than their competition

14 Jun 10, 2020 by Adam Keesling

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Announcing Napkin Math Fiscal Year 2021

After a short break, Napkin Math returns with a new writer

14 πŸ”’ Apr 13, 2021 by Evan Armstrong and Adam Keesling

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Pricing Strategy is Product Strategy

How Technology Enables Companies to Charge More

13 πŸ”’ Jul 9, 2021 by Evan Armstrong

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How Free to Play Video Games are Forced to Make Addicts

A Case Study on Market Structures and Harm

13 Jul 16, 2021 by Evan Armstrong

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Your Uncle Is Still Your Uncle: Ant Pulls Its IPO

Ant's IPO has been taken down. What happened, what do you need to know and what should we expect to see next?

12 πŸ”’ Nov 6, 2020 by Adam Keesling

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Sometimes You’re The Datadog, Sometimes You’re The Hydrant

The history of cloud computing, how DevOps and Observability became so big, and the fate of Datadog

12 πŸ”’ Aug 13, 2020 by Adam Keesling

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The Jet.com Obituary

The brand couldn’t compete against Amazon, but the acquihire was worth it for Walmart

10 May 29, 2020 by Adam Keesling

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New York Times: Investing In The Long Term

A review of the Q2 earnings: growth in digital subscriptions, a fall in advertising, and a decline in APRU due to long-term investing.

9 πŸ”’ Aug 7, 2020 by Adam Keesling

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A Local News Revival

How product, marketing, and cost innovations create a massive opportunity

8 πŸ”’ Jan 30, 2021 by Adam Keesling

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The Rise of the Content Capitalist

In Practice Beta V2

7 πŸ”’ Aug 15, 2021 by Evan Armstrong

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Curated: Expert Shopping Advice, Online

A three-sided marketplace to bring specialty retail to the internet

7 Jun 3, 2020 by Adam Keesling

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Finance is Broken But Don’t Worry, This Has Happened Before

Net Income and the Refactoring of Our Financial Ideology

6 πŸ”’ Jun 17, 2021 by Evan Armstrong

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Content Moderation Double-Bind Theory

The market failures damning content to ever increasing sensationalism

5 πŸ”’ Sep 2, 2021 by Evan Armstrong

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In Practice: My Newest Beta Product

Come take an early peak at the future

πŸ”’ Jul 2, 2021 by Evan Armstrong