Day: August 8, 2022

Visualizing 10 Years of Global EV Sales by Country


This post is by Govind Bhutada from Visual Capitalist


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ev sales by country

Visualizing 10 Years of Global EV Sales by Country

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In 2011, around 55,000 electric vehicles (EVs) were sold around the world. 10 years later in 2021, that figure had grown close to 7 million vehicles.

With many countries getting plugged into electrification, the global EV market has seen exponential growth over the last decade. Using data from the International Energy Agency (IEA), this infographic shows the explosion in global EV sales since 2011, highlighting the countries that have grown into the biggest EV markets.

The Early EV Days

From 2011 to 2015, global EV sales grew at an average annual rate of 89%, with roughly one-third of global sales occurring in the U.S. alone.

YearTotal EV SalesCAGR
201155,414-
2012132,013138.2%
2013220,34366.9%
2014361,15763.9%
2015679,23588.0%
Total sales / Avg growth1,448,16289.3%

In 2014, the U.S. was the largest EV market followed by China, the Netherlands, Norway, and France. But things changed in 2015, when China’s EV sales grew by 238% relative to 2014, propelling it to the top spot.

China’s growth had been years in the making, with the government offering generous subsidies for electrified cars, in addition to incentives and policies that encouraged production. In 2016, Chinese consumers (Read more...)

When Will Valuations Bottom Out? Lessons From Past Downturns



Source: Katie Rhead

To help startups put their financing plans in context, we wanted to develop a sense for how long the current downturn in VC funding might last and how far valuations could fall. Nobody can predict the future, of course, but just because we can’t predict the future doesn’t mean that we shouldn’t learn from the past. In this instance, we wanted to see what insights past downturns might have regarding two specific questions:

· How long were past downturns (and what does this imply for this one)?

· How quickly do venture valuations reflect changes in public market valuations?

Our analysis suggests that it could be several more quarters until we reach the bottom of this downturn and that it could take several more years until we return to the highs of 2021. We also found that venture valuations closely track public market valuations and that they typically adjust within one to two quarters. To predict when venture valuations will have bottomed out, one need look no further than the NASDAQ Composite index as a leading indicator.

How long could this downturn last?

To learn from past downturns, we used Pitchbook, Inc. data to analyze how a various metrics including valuations, round sizes, and number of financings correlated with metrics in the public markets and the broader economy. We looked at data going back to 1995 to include data around both the popping of the Internet bubble in 2000–2001 and the Global Financial Crisis (GFC) in 2008–2009.

The data (Read more...)

RIP Big Bull Market of 1982-2022 ?


This post is by Howard Lindzon from Howard Lindzon


Happy Monday!?

I spent Sunday resting from my long Palomar climb.

Momentum Monday will go out tomorrow.

In the meantime, I wanted to share this piece from Andy Kessler titled ‘RIP Bull Market of 1982-2022’. Read it here.

I read a lot, but I really focus on listening to very few people as you know from reading this blog. Andy Kessler is one of those people. I have been reading his thoughts on tech since the 1990’s when he was running his hedge fund and writing I think for TheStreet.com. Everyone was writing for them back in the day.

Andy’s first book is a classic titled ‘Running Money‘ and as history repeats itself for tech stocks in 2022, think about how few people if any..sold the top and walked away. We know that most in ‘growth’ tech and momentum tripled down (hello Tiger, Softbank). Andy did that in 1999 and chronicled the sentiment and how and why he did. I am going to go back and read it again and I probably would have saved a lot of money if I had read it again in 2021.

As per his latest thoughts from the article this weekend, I loved this part:

As a wet-behind-the-ears engineer designing chips, I was hired by Paine Webber to track semiconductor companies soon after the bull’s birth. The industry was a roller coaster—shortages followed by gluts. Still is. Not wanting gray hair and ulcers, I searched for Silicon Valley’s fountain of growth. (Read more...)

A final goodbye


This post is by Om Malik from On my Om


A week ago, when I sent this text message, little did I know that this would be the last text message I would ever send to someone who has been a constant in my life for around two decades. I knew his family was away in India, so he might be flying solo. And would be available. And he was! 

We went to San Ramon for dinner. On the way, we talked about everything. He regaled me with the story of a food adventure to the same place with his small, beautiful family. He had some classic dance music tunes mixed with Indian classics and 80s favorites. I told him that his favorite song, Donna Summers’ I Feel Love, was just named #1 on Rolling Stones’ top 200 dance tracks. 

“Obviously,” he said. And we cracked up. 

Then we got busy eating — the Indo-Chinese food was spicy. I said so.

“You are not really Indian, Om-jee.” And cracked up at his own joke. I joined in.

He was one of the few people I spoke to in Panjabi. As was usually the case, we jumped around topics. We discussed the merits of a new fountain pen paper, the movie called 1983, and networking and cloud technologies. He railed against crypto –even though I argued that skepticism shouldn’t cloud optimism. I didn’t win the argument. I never did — at least when it came to technology. 

We were driving back to San Francisco when his wife called from her home (Read more...)

More on the politics of protecting Social Security — the Washington Post weighs in




A couple of weeks ago, I finally ran a post questioning the apparent conventional wisdom among progressive politicians and pundits about not making Republican attacks on Social Security a major campaign issue.

Fast forward to 2022. Republicans are talking about cutting, privatizing, or killing Social Security with an openness they hadn't shown in at least twenty years. Trump himself lost interest in the topic long ago. But among the pundit class and much of the Democratic establishment, a few six-year old statements had permanently inoculated not just Trump, but the entire GOP on this issue.

What's remarkable here is not just the convergence but the certainty. A large part of the Republican Party is pissing on the third rail of American politics and yet no influential Democrats thought it was worth pulling the switch just in case the power was on.

If attacks on Social Security have eroded seniors' support for the GOP, they have done so almost entirely on their own. Progressives seldom mention the issue. AARP has been uncharacteristically quiet on the matter. Talking Points Memo, probably the best progressive political news and analysis site has dropped it entirely as far as I can tell.

...

Even in Florida, which has a lot of seniors, Val Demings is all but silent on the topic, despite the fact that her opponent and his fellow senator (Read more...)

Bridge Loans



When fundraising gets tougher for startups, the existing investors (insiders) will often provide a bridge loan to the company to extend the runway for getting another round done. There is more of this sort of thing happening in today’s fundraising market and I thought I’d share some of the things I have learned about setting up bridge loans.

First, bridge loans are a bridge to something else. Most commonly they are a bridge to a round of financing with new investors (outsiders). They can also be a bridge to the sale of the company. Occasionally, but not often, they can be a bridge to getting cash flow positive. If none of those things is going to happen in a relatively short period of time, then it is a bridge to nowhere and you really want to avoid that. A bridge to another bridge is never a good thing and should be avoided at all costs.

An alternative to a bridge is an “insider round” where the existing investors provide sufficient capital to fund the business for eighteen to twenty-four months. That is a real round of financing and it is not a bridge. While that can sometimes be the right answer for a startup, I strongly prefer bringing new investors/new capital into a company in every financing round. New investors strengthen the investor syndicate which makes the company more resilient. New investors bring new ideas, new experiences, and new sources of funding to the business. New investors in every round (Read more...)