Bond Issuance Surges as Buyers Retreat, Developing Economies Sell
Bond issuance is growing, driven by both big tech (FT below) and national governments. This arrives at a time when some traditional buyers are retreating, while an increasing number of developing economies are selling off their holdings to meet mounting FX requirements. #markets #economy #bonds @financialtimes
Morecambe Faces £2m Loss, Uncertain Future Despite Revenue Rise
Morecambe publish 24/25 accounts when club was relegated from League Two ⚽️Revenue £5.1m ⬆️ 10% ⚽️Wages £3.6m ⬆️ 2% ⚽️Underlying loss £830k ⬇️27% ⚽️Player sale profits £106k ⬇️ 67% ⚽️Interest on loans £362k ⬆️ 32% ⚽️Pre tax loss £1.1m ⬇️ 9% ⚽️Borrowings £3.1m ⬆️ 37% Auditors say there...
Name the Cost of Inaction to Close Deals
I almost lost a deal last quarter. It wasn't about price. It was about not naming the cost of doing nothing in the discovery call. Buyer left. Came back 2 weeks later when their problem got worse. Frame the cost. Or wait...
Major Sports Media Deals Signal Industry Consolidation
Wondering why DAZN bought ViewLift, The Walt Disney Company bought UEFA Champions League rights, or Bruin Capital invested in Matchroom at a $1bn valuation? Check out the latest StreamTime Sports podcast here: https://t.co/QsIi9HV5Ch YouTube: https://t.co/nsoapCzA55
Avoid These 5 Fatal Substack Mistakes
5 mistakes that kill your Substack before it starts: • Picking a clever name nobody understands • Skipping the welcome email • Never turning on Recommendations • No free trial for paid tier • Treating your newsletter like a journal Avoid these at all costs.
Hire A‑players Early; Their Impact Outweighs Role Gaps
I’ll hire an A+ player before I have the perfect seat for them. People think that’s crazy. “You’re just burning cost.” “You don’t need that person yet.” “Wait until the role is clearly defined.” I used to think that way too. Then I realized great people...
Robinhood's WonderFi Acquisition Cleared by Canadian Regulators
Robinhood's $HOOD acquisition of WonderFi Technologies has received regulatory approval from Canada 🇨🇦 - SA
Lead by Example: Actions Speak Louder Than Words
There's a reason your team stops talking when you enter the room. They watch everything... How you handle stress. How you treat mistakes. And whether you practice what you preach. People don't follow your words. They follow your example. So...
Secondary Markets Now Eclipse IPOs for Startup Liquidity
Several of the companies on this list are IPO-ready but they're choosing NOT to go public yet. The IPO used to be the grand finale for startups. It was the moment everyone finally got paid. But we’re seeing a shift in the...
Startup Ideas Need Early Adopters, Not Network Dependence
A startup idea that only works if there are already a significant number of people using it is not a valid startup idea. There has to be some subset of users who need what you're making so desperately that they'll...
Serial Entrepreneur Scales Compliance Firm to $80M, Launches New Fund
You may find this interesting. I talked to a serial entrepreneur and business buyer whose recent investments included a property compliance company. He was able to grow the company from $6 million in revenue to $80 million in revenue, sell it...
Mexico's April Trade Surplus Surges to 1980 High
“Mexico’s trade surplus widened far more than expected in April to $4.52 billion, well above the median estimate of $476.35 million in a Bloomberg survey, as exports climbed to the highest since the data began in 1980.” Carney Asada in action...
Omnisend's ChatGPT Integration Brings AI to Real-Time Email Insights
Btw: the AI feature you want from your ESP isn’t going to be in your ESP. @omnisend just plugged their entire platform into ChatGPT through MCP - the protocol that lets AI read and act on your live account data. What this...
Single-Person Pods Accelerate Work and Redefine Talent
*Every* company needs to think about having a 'pods of one'. @brian_armstrong talks about having a 'pod of one' where one person can take on the responsibilities of a developer/designer/pm. With agents in hand, people should be able to manage...
Temporary
New @nberpubs: "Unlocking Mortgage Lock-In: Equilibrium Effects in a Spatial Housing Ladder Model" https://t.co/JzXAeBI1wS "A temporary rate hike causes lock-in, increasing aggregate house prices by 4.4% and rents by 1.5% relative to a counterfactual without lock-in" https://t.co/55VqtrmtJP
Official Inflation Stats Understate Income Gap by Up to 90%
New @nberpubs: "Cheapflation Cycles" https://t.co/yk60z2ZkXb "Official statistics mask these within-category differences in inflation and thus understate the differences in inflation experienced by low- and high-income households by 70–90 percent." (Relevant for US input tariffs, too)
Thailand's Trade Deficit Offset by Tourism‑driven Current Surplus
Thailand is bleeding cash on physical goods, but it is making just enough back through tourism and services to keep the overall balance positive. i.e. Current account. Additionally, Thailand’s import of around 300 billion baht worth of gold in the...
Distilling Black‑Box Ads to Predict ROAS via Multimodal Context
I'm happy to share some of the research that I've been working on today: As ad platforms become more opaque and automated end-to-end, advertisers are left with few levers of control over campaign performance. I wanted to interrogate an idea: could...
Developing Employee Capabilities Fuels Organizational Health
“Helping your employees grow their capabilities is a crucial aspect of organizational nourishment.” — https://t.co/NGK6CN9pNW #leadership #management #workplaceeffectiveness https://t.co/yAJWwzBJi6
CazéTV Evolves From Creator Platform to Broadcaster
Most commentary around #CazéTV acquiring #LaLiga rights in Brazil from #ESPN focuses on “#YouTube beating legacy TV” — which misses the more important strategic shift by #LiveMode: When CazéTV launched in 2022, it was positioned as an incremental layer within a...
Risk‑Free Growth Guarantee: Pay Only When MRR Increases
This is either going to be the smartest thing we've ever done or the dumbest 🤷♂️ We wanted skin in the game to help startups grow. So we built the Growth Guarantee. If you don't hit your MRR growth goal, we work...
Higher Labor Market Fluidity Boosts Wages and Productivity
"Labor Market Fluidity, On-the-Job Learning, and Career Growth Across Countries" https://t.co/NSlsUMzcs5 "Moving from a low- to a high-fluidity country... raises life-cycle wage growth by 19.4 log points and output per worker by 33.4 log points." https://t.co/zUN0TnZw1e
Earn $23M Using Just $8K in No‑Code Tools
My little business has generated over $23,000,000. But I only spend $8,215 on tech. These are the 7 most powerful no-code tools in my entire tech stack:
From $100k to $10B: Holdco Mastery Blueprint
Definitely not just a real/estate mogul... He didn't speak English until the age of 14... ended up buying 500+ companies and turning $100k into $10B. They still make over 50 add-ons a year. I did long research on him; below you'll find a...
Thursday’s Triple Data Sets ±1.36% Market Move
Thursday is the only day that matters this week. Core PCE, GDP, and PCE Price Index all land the same morning with options pricing a ±1.36% move around it. Tuesday's Consumer Confidence could be a warning. Watch for a print...
Speak, Save Time: Voice Tool Boosts Content Production
“I don’t have the time to produce content.” I can’t count how many times I’ve heard this statement from small business owners and marketing folks alike. They know they should write the content. Make the videos. Do the things that...
Google Eliminates Delay for Penalized Content in AI Results
Google removes the lag/delay for penalized (manual actions) and deindexed content that was gone from Google's search index but showed in AI Overviews and AI Mode https://t.co/mDVEju7NeZ via @glenngabe https://t.co/fBg13BnKxU
Inflation Surge Sparks Fed‑Trump Link, Bond Short‑Long Trade
Macro: Warsh ties Fed to Trump; inflation re-accelerates and markets price hikes. Key: CPI, mortgage stress, Fed split. Risks: politicization, surprise tightening. Trade: short long bonds. — Viktor Kopylov, PhD, CFA More insights: t.me/si14Kopylov
Coupang: Amazon’s Top Imitator with 7‑Hour Delivery
Founder of Coupang, Bom Kim, modeled their business after Amazon. They are by far Amazon's best imitator with millions of items delivered in under 7 hours. $CPNG
Send a 7‑point Onboarding Email Within 24 Hours
7 things to include in every new client onboarding email: 1. Restated problem (what you understood from the call) 2. Stated outcome (what success will look like in 90 days) 3. Scope (what's in, what's not) 4. Timeline (week 1, 2, 4 milestones) 5. Your...
Germany's CDS Rates Imply Near‑zero Default Risk
Good Morning from Germany, where credit markets remain remarkably forgiving. Despite econ stagnation & rapidly rising debt, it still costs less than 10bps to insure against default within 5yrs. The implied probability of default is just 0.8%, so the CDS...
Hiring Hinges on How Candidates Discuss Past Failures
The interview signal that predicts hires best isn't experience. It's how candidates talk about their past failures. Strong candidates name specific things they got wrong, what they learned, what they'd do differently. Calmly. Without defensive framing. Weak candidates either claim they haven't...
Fire Bad Clients, Unlock Higher‑Paying Opportunities
The hardest math an agency owner has to do isn't pricing. It's deciding which clients to fire. You take every client when you're starting out. You can't afford not to. Then somewhere between 8 and 15 clients, your time stops compounding....
SF Startup Scene Shifts to Residency-Driven Incubators
It's time for entrepeneurs to send in applications. The startup factories are busy with demo days of current batches, but this will never end. So I asked my AI to give me a list and rate them, after visiting most...
Fed Should Quiet Down, Embrace Meeting‑by‑Meeting Decisions
Warsh Wants the Fed to Shut Up. Less is more. The problem with Powell and Yellen was too many appearances and too much commentary. Every speech moved markets and created more volatility than necessary. Warsh’s approach is “less is more.” He believes...
Standardize Service Offerings to Unlock Margin and Scale
5 things you have to lock to productize a service offer: 1. Same scope across every client (no custom add-ons) 2. Same price (no discounting beyond defined tiers) 3. Same delivery process (no team-by-team variation) 4. Same outcome metric tracked (so success/failure is unambiguous) 5....
Brands Prefer Niche Micro-Influencers Over Broad Macro Audiences
Don’t overlook the power of your “micro-influence” Brands LOVE partnering with the channel that have a dedicated following of people that match their ideal client. Micro-influencer with a dedicated niche > Macro-influencer with a wide audience
Automate Perfect Ad Campaign Architecture Across All Platforms
I built a skill that designs paid ad campaigns — platform selection, campaign architecture, targeting, bidding strategy, conversion tracking, and optimization loops across Google, Meta, LinkedIn, and TikTok. You describe your goals and budget, and it recommends the right platforms, structures...
U.S. Growth Set to Outpace Peers Through 2030
The Economist on the U.S. economy’s consistent growth outperformance relative to other advanced countries: “America’s outperformance began decades ago, but in the 2020s it has become vast. And it is likely to last. The latest IMF forecasts show American growth besting...
Target Your First 50 Prospects as Perfect Fits
Founders: Your first 50 prospects should be your perfect fit: - Right size - Right pain - Right geography - Right tech - Right budget Save experimentation for later prospects.
AMC to Air 2026 World Cup in Spanish
AMC proudly has secured rights to the 2026 FIFA World Cup. With intense interest in “football” among potential Latino theatre visitors, AMC will air the Telemundo broadcasts in Spanish language. What you will see: great sporting action. What...
Startups Defy Instinct: 6 Counterintuitive Lessons From Paul Graham
Paul Graham built YC into the most successful startup accelerator in history. He says startups are counterintuitive - your instincts will lead you astray. Here are 6 things he teaches that go against everything you'd expect:
CEOs Must See AI’s Hidden Work, Not Just Magic
CEOs are uniquely prone to AI psychosis because they’re sufficiently distant from the last mile of work that still has to happen to generate most value with AI. So when they play with AI, they see the happy path results, often...
Future Managers Must Excel as Individual Contributors First
I have a very strict “owner operator“ rule for all managers who work for me. You have to be an operator first and foremost. You have to be able to do the job of the IC at such a level...
Profitability Now Trumps Growth in SaaS Valuations
SaaS Valuations: Growth Still Matters, But Profitability Matters More The chart compares SaaS companies by NTM revenue growth estimates and Forward EV/Gross Profit. It also separates companies by GAAP op. margin, which helps show how much the market is paying for...
Memorial Day Data
Memorial Day week brings light data but high stakes: Q1 GDP and core PCED Thursday could fuel rate hike bets already at 62.5% for December. We think July's in play. 🟢 Open https://t.co/Lfff4zB9Ia
Trade Wars Yield No Winners, Export Bans Backfire
Excellent essay from Soumaya Keynes in the weekend FT "You can see why the line “no one wins a trade war” is so appealing. It’s basically correct. Export restrictions are cumbersome weapons, with unpredictable effects that can easily spiral out of...
Andrew Marchand Discusses World Cup, MLB, Netflix Bidding
New pod: @AndrewMarchand on the World Cup, MLB and Netflix's role as a potential bidder. https://t.co/tNv3p1g3rU
Dollar Surge Temporary; Post‑war Fed Likely to Cut Rates
Rate differentials have moved massively in favor of the Dollar (black) and are lifting it against the G10 (blue). But this is a false dawn for the greenback. If the war ends, we'll go right back to pricing cuts for...
Business Investment Outpaces Consumption, Adding 1.4% to Q1 GDP
Business fixed investment contributed a massive 1.4% to real GDP in Q1... a larger growth driver than consumption JPMAM #AI https://t.co/PAqtt2OUYa