Did digital media’s hangover make it the perfect candidate for SPACs? Something must be in the air: Axios CNBC BusinessInsider and I suspect others as well, soon, are all publishing articles talking about the game of musical chairs in digital… Continue Reading →
SPACs were seen as financing of last resort, but have now gained credibility Privately-held companies sometimes achieve a liquidity event by way of a merger or acquisition. Otherwise, there are multiple paths to liquidity, namely: – IPO– Direct listing– SPACs…. Continue Reading →
“We’re greedy, but long-term greedy.” Gus Levy, Goldman Sachs. Greed is defined as wanting more than you have. In March 2018, a bunch of my friends and our spouses headed down to Florida to celebrate our 40th birthday. On the… Continue Reading →
What happened for me to turn from shorting a stock to going long? In My Anti-Portfolio article, I discussed how while completing my finance degree, Warren Buffett taught me that investors should: a) invest in companies they understand,b) back management… Continue Reading →
Yesterday we looked at how companies can avoid dying through innovation, risk-taking. Today we look at the method to the madness of our series of bold bets which paid off. In 2016, I was meeting with Time Inc. to explore… Continue Reading →
Cord cutting disrupted the business of sports. Betting has hit the sports landscape like a meteor at a time when a pandemic has already knocked it off its feet. Whenever I see so much run-up across so many stocks, I… Continue Reading →
Demand and Supply in media no longer makes sense to support traditional models, in general. In sports in particular, the entire landscape is being redrawn and business models and valuations being re-examined. The world of sports coverage and sports betting… Continue Reading →
In a surprising twist, I bought some shares in Warner Music Group, the company who brought me much joy as a consumer and more headaches as an entrepreneur. So apparently, while gaming took off during a pandemic, growth in music… Continue Reading →
Sony, Crackle, Pop! Disclaimer: Nothing here should be misconstrued as investing advice. I am NOT licensed to give any advice. These writings are intended as entertainment to put into context how a media entrepreneur and investor thinks, When Viacom bought Pluto… Continue Reading →
Airbnb is the poster child for the 2010s and apparently, 2020. In this article I break down why I added Airbnb to the Granicus stock portfolio. Disclaimer: Nothing here should be misconstrued as investing advice. I am NOT licensed to… Continue Reading →
Unlikely and maybe not the best comparable, but one detail caught my attention. Doordash went public today and popped at $182… valuing the business at $80 billion. Some food for thought. Doordash is a different business than the restaurants it… Continue Reading →
The Dow reached 20,000 in January 2017. It fell again below 20,000 in March 2020. By November 2020, it hit 30,000. In between, 250,000 people died. Erin Griffith’s article in the NYT talks about the insanity in venture financing. Don’t hate the messenger,… Continue Reading →
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