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Short Update: Jan 2022 Chegg Share Price: $25.68 June 2023 Chegg Share Price: $3.83 85% decline
An interesting short would be Chegg (NYSE: CHGG), which provides a database of homework answers & tutor services. Would imagine that a substantial % of that business will be taken by ChatGPT for free/cheaper cost over the coming years...
If any team is coming back from 3-0 to win the series it’s the twolves
Crypto is just a scheme to transfer money from normal unknowing ppl to rich VCs under the guise of tokens, democratization, or whatever complex technical language that makes it sound sophisticated and real
Swap jimmy butler with ant on the heat and I think you get a championship
Reddit seems like a nice short: lack of product iteration, low user retention, advertising revenue is more flaky, premium multiple compared to comps and even higher quality SaaS bizs, going to ChatGPT vs finding info on Reddit
Honored to be named the Global Tech PE Firm of the Year by @PEI_news Since 2000, Vista has been a pioneer in the enterprise software sector, recognizing the mission-criticality & massive productivity gains that make software such a durable asset. bit.ly/4agNeoz
💡 The next generation has something to teach us. That’s why every year we select group of extraordinary students to join The NEA Fellowship Program. We're thrilled to introduce our 2024 Fellows here: nea.com/blog/the-nea-f… @mrpronoun0 @julia_pepper23 @Albyz18 @ilaamathur…
A good point that late stage venture is often very priced in, since everyone knows the high growth companies, pushing prices up, and reducing alpha. I feel like the only edge private tech investors have is finding companies early or finding growth stage bootstrapped companies
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