Day: September 13, 2022

Momentum Monday…People Are Too Optimistic About Growth and Technology


This post is by Howard Lindzon from Howard Lindzon


As a reminder, Marketsmith (by Investor’s Business Daily) is now a sponsor of the weekly show. All the charts you have been seeing in the videos and will continue to see are from Marketsmith. They are offering my readers a three week trial for $19.95. Click this link if you would like to try it out.

Yes I know…it is almost Wednesday in Italy where I am adventurecationing with my friends and bikes, so what good is a Momentum Monday now…

But, on Sunday night as always, I got together with Ivanhoff to do Momentum Monday and you can watch/listen to our thoughts about the markets and momentum. You can subscribe on YouTube here and not wait until I post on my blog.

My thinking has been and still is that bad things happen when stocks are below the 200-day moving average and more bad things happened today.

I discussed with Ivanhoff that people still are too eager to believe inflation is going to magically disappear. It seems like every bounce is getting chased. People are too optimistic about growth and technology. At some point, yes, inflation means stocks will be a reasonable hedge against inflation, but not at these valuations.

You can watch/listen and subscribe right here.

You do not need any extra links from me this week about stocks and markets…the market is doing all the talking right now and doing less when the markets are this vulnerable is the right thing to do.

Disclaimer: All information (Read more...)

How Big Tech Revenue and Profit Breaks Down, by Company


This post is by Carmen Ang from Visual Capitalist


In the media and public discourse, companies like Alphabet, Apple, and Microsoft are often lumped together into the same “Big Tech” category. After all, they constitute the world’s largest companies by market capitalization.

And because of this, it’s easy to assume they’re in direct competition with each other, fiercely battling for a bigger piece of the “Big Tech” pie. But while there is certainly competition between the world’s tech giants, it’s a lot less drastic than you might imagine.

This is apparent when you look into their various revenue streams, and this series of graphics by Truman Du provides a revenue breakdown of Alphabet, Amazon, Apple, and Microsoft.

How Big Tech Companies Generate Revenue

So how does each big tech firm make money? Let’s explore using data from each company’s June 2022 quarterly income statements.

Alphabet

breakdown of Alphabet's revenue streams and profit

View the full-size infographic

In Q2 2022, about 72% of Alphabet’s revenue came from search advertising. This makes sense considering Google and YouTube get a lot of eyeballs. Google dominates the search market—about 90% of all internet searches are done on Google platforms.

Amazon

breakdown of amazon's revenue streams and profit

View the full-size infographic

Perhaps unsurprisingly, Amazon’s biggest revenue driver is e-commerce. However, as the graphic above shows, the costs of e-commerce are so steep, that it actually reported a net loss in Q2 2022.

As it often is, Amazon Web Services (AWS) was the company’s main profit-earner this quarter.

Apple

breakdown of Apple's revenue streams and profit

View the full-size infographic

Apple’s biggest revenue driver is consumer electronics sales, particularly from the iPhone (Read more...)

One Year of Global Waste Visualized


This post is by Bruno Venditti from Visual Capitalist


The following content is sponsored by Northstar Clean Technologies


One Year of Global Waste Visualized

Waste generation is expected to jump to 3.4 billion tonnes over the next 30 years, compared to 2.2 billion in 2019.

This is due to a number of factors, such as population growth, urbanization, and economic growth.

In this graphic by Northstar Clean Technologies, we show waste generation worldwide and discuss its impact and how it can be reduced.

The Growing Pile of Global Waste

The United States is the world’s most wasteful country, with each American producing a whopping 809 kg (1780 lbs) of waste every year.

Approximately half of the country’s yearly waste will meet its fate in one of the more than 2,000 active landfills across the nation. The country also has the largest landfill in the world, Apex, located in Clark County, Nevada.

The United States is followed by other industrialized countries like Denmark, New Zealand, Canada, and Switzerland based on average annual per capita municipal waste generation.

CountryAverage Annual per Capita Municipal Waste Generation (kg)
🇺🇸 United States809
🇩🇰 Denmark781
🇳🇿 New Zealand727
🇨🇦 Canada706
🇨🇭 Switzerland706
🇮🇸 Iceland656
🇮🇱 Israel644
🇩🇪 Germany633
🇮🇪 Ireland616
🇱🇺 Luxembourg607
🇦🇹 Austria570
🇦🇺 Australia560
🇫🇷 France514
🇳🇱 Netherlands513
🇫🇮 Finland510
🇬🇷 Greece504
🇮🇹 Italy489

Compared to those in developed nations, residents in developing countries are more severely (Read more...)

OpenAI CEO Sam Altman | AI for the Next Era


This post is by Greylock Partners from Greymatter


Greylock general partner Reid Hoffman interviews OpenAI CEO Sam Altman. The AI research and deployment company's primary mission is to develop and promote AI technology that benefits humanity. Founded in 2015, the company has most recently been noted for its generative transformer model GPT - 3, which uses deep learning to produce human-like text, and its image-creation platform DALL-E. This interview took place during Greylock’s Intelligent Future event, a day-long summit featuring experts and entrepreneurs from some of today’s leading artificial intelligence organizations. You can watch the video of this interview on our You can read a transcript of this interview here: https://greylock.com/greymatter/sam-altman-ai-for-the-next-era/

Our Cities Have an API Problem. Startups Can Fix It.



“Cities are technological artifacts,” Kevin Kelly once wrote, “the largest technology we make.” What if we looked at America’s cities not metaphorically as tech, but literally as a technological system? Rather than fighting about politics, we’d ask our cities the mundane questions that engineers and entrepreneurs ask about any other technology: “Is it expensive to... Read More

The post Our Cities Have an API Problem. Startups Can Fix It. appeared first on Future.

Welcoming Dave Hafford to the Team



We’re pleased to announce that Dave Hafford has joined our team as a Senior Associate. Dave brings extensive investing and operational experience, and will be working closely with Nima Wedlake and myself, focusing on early stage investments across the financial technology and real estate verticals.

Prior to joining Thomvest, Dave was an investor at Morpheus Ventures, a venture capital fund focused on deep tech and financial technology. While at Morpheus, Dave invested in companies including Skolem Technologies (DeFi Prime Brokerage), VeriSIM (AI-assisted drug discovery), and others. Prior to that, Dave was a Vice President at Platform Ventures, a venture capital fund investing in technology and consumer companies. At Platform Ventures, he invested in companies like Peloton (Consumer Technology), Moneylion (Consumer Fintech), Unchained Capital (Cryptocurrency Prime Brokerage), Beam Dental (Insurtech), and others. Additionally, Dave also served as the Chief Financial Officer of Shadowbox, a NY-based fitness business, where he oversaw strategic, financial, and growth initiatives. Prior to that, he worked in investment banking at Stifel in San Francisco.

We’re thrilled to expand the Thomvest Ventures team as we continue to focus on investments across financial technology and real estate verticals. Dave’s vast experience in venture capital, along with his passion for the impact of financial technology on consumer and enterprise applications, brings a tremendous amount of value and strength to our team.

Dave is originally from Southern California and holds an MBA from the Wharton School at the University of Pennsylvania, a Master of Accounting from the University of Michigan, and a (Read more...)

Monopoly Makes Kids Angry, For Their Own Good



“Throwing the Monopoly board across the room has the potential to strengthen your relationship with your family.” That’s the unusual insight at the heart of a new brand advertising campaign from Monopoly that showcases kids raging after a turn doesn’t go their way.

I really wish I was in the room when they presented the insight behind this campaign to Hasbro. It’s bold, clever and deep in a way you don’t expect marketing to be. If it hasn’t already, this is sure to win some industry awards. And definitely make the Scrabble team jealous. I mean, for kids and adults alike, that’s a way more frustrating game than Monopoly ever was.

National Industrial Policy – Private Capital and The America’s Frontier Fund Steps Up


This post is by steve blank from Steve Blank


This article previously appeared in The National Interest.

Last month the U.S. passed the CHIPS and Science Act, one of the first pieces of national industrial policy – government planning and intervention in a specific industry — in the last 50 years, in this case for semiconductors. After the celebratory champagne has been drunk and the confetti floats to the ground it’s helpful to put the CHIPS Act in context and understand the work that government and private capital have left to do.

Today the United States is in great power competition with China. It’s a contest over which nation’s diplomatic, information, military and economic system will lead the world in the 21st century. And the result is whether we face a Chinese dystopian future or a democratic one, where individuals and nations get to make their own choices. At the heart of this contest is leadership in emerging and disruptive technologies – running the gamut from semiconductors and supercomputers to biotech and blockchain and everything in between.

National Industrial Policy – U.S. versus China
Unlike the U.S., China manages its industrial policy via top-down 5-year plans. Their overall goal is to turn China into a technologically advanced and militarily powerful state that can challenge U.S. commercial and military leadership. Unlike the U.S., China has embraced the idea that national security is inexorably intertwined with commercial technology (semiconductors, drones, AI, machine learning, autonomy, biotech, cyber, semiconductors, quantum, high-performance computing, commercial access to space, et al.)  They’ve made what they (Read more...)