Napkin Math

Business breakdowns, by the numbers.

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Napkin Math

Has Venture Lost Its Soul?

A Book Review of The Power Law

58 Jul 15, 2022 by Evan Armstrong

Napkin Math

Software is Eating the Individual

The Embedded Human

58 🔒 Jun 10, 2022 by Evan Armstrong

Napkin Math

Why Culture Eats Strategy

The Search For the Winning Formula

55 Sep 29, 2022 by Evan Armstrong

Napkin Math

Joe Rogan: The Platform-Proof Creator

Spotify’s No-Win Predicament

54 🔒 Feb 25, 2022 by Evan Armstrong

Napkin Math

NFT Projects are just MLMs for Tech Elites

A somewhat impartial review of current NFT business models

52 Sep 30, 2021 by Evan Armstrong

Napkin Math

Cash—Kingmaker or Killer?

A examination of when cash can anoint a market winner

51 Apr 28, 2022 by Kyle Harrison

Napkin Math

The Investment Opportunity in School Bus Operators

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.

50 Sep 4, 2020 by Adam Keesling

Napkin Math

Cash Conversion Cycle: Bridging the Gap Between Profitability & Cash Flow

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.

49 🔒 Nov 12, 2020 by Adam Keesling

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The AI Writer

How tech is changing what it means to be an author

48 🔒 Sep 22, 2022 by Evan Armstrong

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How Do You Compete with Free?

Notion: The Embattled Artist

48 🔒 Nov 24, 2021 by Evan Armstrong

Napkin Math

Why Software is More Profitable Than Content

Written by... a content company

47 Jun 24, 2020 by Adam Keesling

Napkin Math

Crypto Has A Use Case

How Braintrust Used Tokens to Kickstart a Market

47 🔒 Jul 21, 2022 by Evan Armstrong

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Want to Become a Unicorn? Buy it, Don’t Build it

How Amazon Marketplace works, how Thrasio built a unicorn, the platform risk associated with the strategy, and regulation concerns.

47 Jul 23, 2020 by Adam Keesling

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Investing on Instinct

Why the best deals are done with no data at all

47 🔒 Dec 1, 2021 by Evan Armstrong

Napkin Math

What the hell is going on with Lambda School?

The complicated business of selling social good

42 🔒 Jan 6, 2022 by Evan Armstrong

Napkin Math

Tech stocks’ favorite lie to investors

How the LTV/CAC ratio is manipulated to take advantage of retail investors

41 🔒 Sep 9, 2021 by Evan Armstrong

Napkin Math

The Future of Fitness: lululemon Buys Mirror

Why subscription hardware is better than hardware, the cross-selling opportunity, how Mirror could lead to a connected home, and why Mirror is a call option for Lululemon.

37 Jul 8, 2020 by Adam Keesling

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BIG announcement incoming

I'm going full time on Napkin Math

36 🔒 Mar 23, 2022 by Evan Armstrong

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Microsoft should buy Netflix

Netflix and Bill

35 🔒 Apr 21, 2022 by Evan Armstrong

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Twitter’s Shot at Becoming a Meme Stock

It’s Musk's world and we’re just tweeting in it

34 🔒 Apr 5, 2022 by Evan Armstrong

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Intangible Assets: The Invisible Value Driver

Book review of The End of Accounting: there are four problems with current financial statements and intangible assets are the biggest reason why.

34 Aug 5, 2020 by Adam Keesling

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How To Get Leverage On Your Ideas

The Power Output Equation

33 Mar 10, 2022 by Evan Armstrong

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Look On My Works, Ye Mighty, and Despair

I Have Some Thoughts To Share

33 🔒 Jun 30, 2022 by Evan Armstrong

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Are We Really Addicted?

An interview with Nir Eyal

33 Jun 22, 2022 by Evan Armstrong

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Facebook’s Capitulation

Abandoning a Trillion Dollar Advantage

32 🔒 Jun 23, 2022 by Evan Armstrong