Category Archives: Uncategorized

“It’s not supposed to be easy. Anyone who finds it easy is stupid” – Charlie Munger Ari’s corollary: It’s not supposed to be easy, but don’t make it any harder then it needs to be. In replying to my tweet on the subject, Andrew Finn wrote (turn on images if you don’t see anything): If Read more

For the longest time, I was puzzled. How do SaaS companies, Digital Media companies, etc end up going bankrupt/closing down? In other words, how do you burn through so much money when you have no real Costs of Goods outside of employees and servers? The answer, it turns out, is Growth At Any Cost (GAAC), Read more

The genesis for this post was a recent thread on Twitter about Thrasio, which if you cut away all the press is a venture funded roll up of FBA (Fullfilled by Amazon) businesses. Thrasio is now valued at $780 million 🤯 It was founded mid-2018 and built an operating back-end to buy small and profitable, Read more

There’s a global health crisis going on, millions are out of jobs (and millions more will be before this is all over), and businesses are closing down left and right, many of them never to return. In short, it’s a shit show. Inside every crisis there is always an opportunity, and today I’m going to Read more

[COVID-19 note: I wrote this before the virus took over our lives. It might not be relevant now, but M&A will always exist for things that make money or threaten a strategic.. So this will always be useful.] In 2008 Johns Wu sold a pretty ugly looking WordPress blog for $12.4 million dollars. In 2020, Read more