Matthew Giampetroni

People on the outside sometimes wonder why businesses with so few traditional assets seem to require so much financing. Well, they  are  accumulating assets: users are the new assets, and their  use  is what you’re out to monetize.Whatever your business model is, acquiring users is the new building factories. 

The job of being a curator becomes more important as abundance and variety increase

Most people are rather confident of their ability to recognize bullshit and to avoid being taken in by it

The exceptional (sometimes criticized) margins at Louis Vuitton did not arise from excessively high prices, but from the removal of all costs and damages due to intermediaries. Louis Vuitton’s competitiveness

was therefore structural”

The research shows that companies that are more proactive in their internal resource allocation generate a higher ROA than those that are more conservative.

There is also evidence that companies that are good at internal capital allocation are also effective at external allocation

What are you compulsive about? Is it possible to put that at the center of the platform’s activity?

As a founder, the most valuable optionality you have is the equity you haven’t sold, and the dilution you haven’t taken. But the second most valuable optionality you can have is a valuation that’s not too high. 

Bernard himself continuously expresses that ‘creating desire’ is the most important part of what they are doing at LVMH

the best stories to tell are the ones that have been told over and over again, and the stories of competitive mimesis and of deification followed by scapegoating are the oldest and best of all