Pitchbook charges over $20K for funding insights & doesn’t let you share the information…
I say liberate the data! 🔐
So our team put together a list of all 5K+ founders that raised a Series A within the last year.
RT this tweet & I’ll DM you the list
Here’s our insights🧵
"There's 11,500 employees. It doesn't make sense. I could run that business from my house. It's eBay, it looks the same as it did in 1995. It doesn't need 11,500 employees."
$GME's @ryancohen makes his case for why he's the best person to buy eBay:
"You look at eBay spending $2.5 billion to grow 1 million users. $2 billion in cost cuts between sales and marketing and corporate overhead — it's not a lot. And it's not something that's going to take a few years. It's something that is going to happen fast, fast, fast. Because I'm putting leverage on this thing, and I don't want to run a leveraged business."
"I'm not going to run it hot. I'm going to pay down the leverage. And I'm going to increase earnings."
"They're spending $5.5 billion on operating expenses. On an $11 billion business that has no inventory and is asset light."
Ryan's full response:
TBPN has been acquired by OpenAI
The world is changing quickly but TBPN will stay the same. Live every weekday just with a lot more resources.
Thank you to everyone that has been a part of this journey big or small. We are 17 months in and unironically just getting started.