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Napkin Math

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NFT Projects are just MLMs for Tech Elites

A somewhat impartial review of current NFT business models

56 4 Sep 30, 2021 by Evan Armstrong

The End of Software, Again

The impending doom of horizontal SaaS

19 Oct 7, 2021 by Evan Armstrong

Who is Making Money in Space?

Exploring the SPAC Frontier

15 Oct 14, 2021 by Evan Armstrong and Ryan Duffy

The Creator Power Scale: A Formula to Determine if Platforms are Ripping You Off

An examination of the Twitch Hack data

20 2 Oct 28, 2021 by Evan Armstrong

Top 12 Creator Platforms—Ranked

Who has the brawn to capture creator’s profit?

10 1 Nov 13, 2021 by Evan Armstrong

iBuy, iRent, iLose My Investors Money

The Murky Future of American Housing

15 Nov 19, 2021 by Evan Armstrong

How Do You Compete with Free?

Notion: The Embattled Artist

51 Nov 24, 2021 by Evan Armstrong

Investing on Instinct

Why the best deals are done with no data at all

56 1 Dec 1, 2021 by Evan Armstrong

The primary trends I’m investing in next year

Inflation, web3, embedded fintech, investing in people, and the newsletter winter that is coming

103 Dec 16, 2021 by Evan Armstrong

What the hell is going on with Lambda School?

The complicated business of selling social good

48 2 Jan 6, 2022 by Evan Armstrong

3 Thoughts On Justworks

The newest SaaS company to hit the public markets

20 2 Jan 13, 2022 by Evan Armstrong

Will Tokens Replace Equity?

The Weird Future Ahead

33 1 Jan 27, 2022 by Evan Armstrong

Spotify’s Quest to Own Your Ear

A Napkin Math and Trapital Production

32 Jan 31, 2022 by Evan Armstrong

Is YC the Monopoly It Thinks It Is?

The Pricing Power Flex

24 Feb 10, 2022 by Evan Armstrong

The Future of Netflix

When everyone’s a streamer, nobody is.

15 Feb 17, 2022 by Evan Armstrong

Joe Rogan: The Platform-Proof Creator

Spotify’s No-Win Predicament

62 2 Feb 25, 2022 by Evan Armstrong

How To Get Leverage On Your Ideas

The Power Output Equation

44 Mar 10, 2022 by Evan Armstrong

BIG announcement incoming

I'm going full time on Napkin Math

38 3 🔒 Mar 23, 2022 by Evan Armstrong

Planet of the Billion Dollar Bored Apes

Is Bored Ape Yacht Club a Decentralized Disney?

31 1 Mar 24, 2022 by Evan Armstrong

Twitter’s Probably Screwed

The Rugged Landscape of Digital Advertising

95 1 Mar 30, 2022 by Evan Armstrong

Twitter’s Shot at Becoming a Meme Stock

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

40 Apr 5, 2022 by Evan Armstrong

The Futility of Utility

A personal essay

74 Apr 8, 2022 by Evan Armstrong

The Race for New Payment Rails

Who is building the next Visa?

40 Apr 14, 2022 by Reggie Young

Microsoft should buy Netflix

Netflix and Bill

40 1 Apr 21, 2022 by Evan Armstrong

Cash—Kingmaker or Killer?

A examination of when cash can anoint a market winner

66 Apr 28, 2022 by Kyle Harrison