Nick

The size of the effect is astounding. Cross-class friendships are a better predictor of upward mobility than school quality, job availability, community cohesion or family structure. If these results are true, then we have largely ignored a powerful way to help people realise the American dream.

It’s clear that franchise T20 leagues are the future of cricket.

Wish is not Roblox or Doordash. E-commerce, gaming and food delivery are three markets than have benefited from the covid crisis but Wish does not have the same traction as Roblox or Doordash. The company is going public with (i) a slowing down 32% YoY YTD 2020 sales growth, (ii) deteriorating gross margins following a regulatory change in the US s... See more

To grow as fast and as much as their stunning valuations required of them, too many start-ups have apparently ballooned out the balance sheet with expensive hires. Thank goodness we’ve decided it’s the cost of the people that’s the problem, and not the insane valuations and millions in venture capital that threatened to drown the fledgling business... See more

We already know from the work by Yale’s Nicholas Christakis and others that behaviour happens in friend networks. If people in your friend network quit smoking, then you’re more likely to quit smoking. If your friend gains weight, you are more likely to gain weight. Heck, if one of your friend’s friends – who lives far away and who you have never m... See more

Sure, macroeconomic conditions change and the cost of capital underpins everything loss-making, high growth start-ups are valued on. It just feels a bit tough on founders like Teo, who now had to fire 44 people to fit a growth profile that, until two months ago, was likely the apple of her VC investor’s eye.

Moreover, Wish's shopping experience is unique. It's a mobile first shopping experience and not a replication on mobile of web based marketplaces that are mainly driven by search query. Wish has centered the experience around discovery with a personalized feed of products that you can scroll infinitely and gamified features.

“Sure, it was us who suggested your Total Addressable Market had tripled due to the global COVID-19 induced digital transformation wave and insisted you take on another $10 million, but what was your LTV:CAC ratio again?”