$INV: “The Renaissance Technologies book convinced me that there’s no fraud or misdirection behind the track record.” | Feb 2020 #thread

The Renaissance Technologies book convinced me that there's no fraud or misdirection behind the track record But it cast no light on how RenTech has managed to stay ahead of its peers decade after decade h/t @davidmarchorn pic.twitter.com/MJaL6HGRVD — "Elon Says" (@ElonBachman) February 23, 2020

$INV: “There were no new startups which originated in the last five years in the US whose product got > 1 million monthly active users.” | Jan 2020

There were no new startups which originated in the last five years in the US whose product got > 1 million monthly active users. This has been an anomaly, where each such previous 5 yr segment (since 1995) always saw many 1MM+ user products emerge. Many lessons from this era.. — Varun (@varun_mathur) January 5, […]

$INV: “Market is semi-frozen, deals are breaking, converts are taking a long time and there are good companies that need funding.” | Jan 2020

1) Investor fear and the absence – temporary or permanent – of the Vision Fund likely creates more attractive late stage opportunities vs. the last 5 years. Market is semi-frozen, deals are breaking, converts are taking a long time and there are good companies that need funding. https://t.co/o9WSgcy0AE — Gavin Baker (@GavinSBaker) January 5, 2020