Francis Shih

credit / fintech investor: co-founder @arclabsfund previously @arenavc

[Chetan Puttagunta @chetanp]

Adyen Q1 2020:

$73B payment volume/ 38% growth
$147M net revenue/ 34% growth
47% EBITDA

Strong growth in Jan & Feb
Modest growth in Mar & Apr
Declines in travel/ retail offset by digital

Remarkably, Adyen reiterated its medium & long-term target of mid-20s to low-30s % growth.

[Francis Shih @FrancisShih]

You learn more in 3 months investing in a downturn than 3 months in a bull market.

[Francis Shih @FrancisShih]

in investing, publicly convincing people you are right hinders your own ability to change course when you are wrong.

[Paul Graham @paulg]

Investors: Any startup that gets started during the next few months is disproportionately likely to succeed. Success depends most of all on determination, and imagine how determined you have to be to start a startup in the middle of a global pandemic.

[Craig Spencer MD MPH @Craig_A_Spencer]

You might hear people saying it isn't real. It is.

You might hear people saying it isn't bad. It is.

You might hear people saying it can't take you down. It can.

I survived Ebola. I fear #COVIDー19.

Do your part. Stay home. Stay safe.

And every day I'll come to work for you

[Paul Graham @paulg]

https://t.co/VY2MhXNYRQ is delivering 60,000 masks to hospitals today, for free.

[Evan Siegfried @evansiegfried]

Quick update—Asked my friend what we can do to help her and the other doctors/nurses. Her response:

1) Stop hoarding masks, gloves and other medical supplies
2) Stay home to flatten the curve
3) Wash your hands
4) Send food. They love food that isn’t from the hospital cafeteria

[Tren Griffin @trengriffin]

Cash is "a call option with no expiration date, an option on every asset class, with no strike price. A call option that can be priced. When the option is cheap relative to the ability of cash to buy assets, he's willing to put up with low interest rates." https://t.co/nkaENVcqRH

[Francis Shih @FrancisShih]

@Julian @AndrewWarner @CastroPodcasts @Mixergy @Meshlakhani Is $9 a lot

[fintechjunkie @fintechjunkie]

Alpha (fundraising) and Omega (exits) #fintech
#creditkarma #intuition https://t.co/v3utxiSUmf

[Tren Griffin @trengriffin]

"Warren and I are better at tuning out the standard stupidities. We’ve left a lot of more talented and diligent people in the dust, just by working hard at eliminating standard error. If you play games where other people have the aptitudes and you don’t, you’re going to lose." CM

[Tren Griffin @trengriffin]

During times like this, it is easy to observe massive increases in many people's *perceived* "circle of competence."

"It is remarkable how much long-term advantage we have achieved by trying to be consistently not stupid, instead of trying to be very intelligent.” Charlie Munger

[Josh Kopelman @joshk]

Just found @LeadEdgeCapital's "Hierarchy of Information Disclosure." Companies choose which data to present -- ranging from "cash profits" to "being voted the best place to work in our city."

So true!

(Shared with permission)

[Gagan Biyani 🏛 @gaganbiyani]

I’m biased but @udemy is a true underdog story + thought I’d share details we’ve never shared before.

ICYMI, we announced a $50M raise at $2B valuation.

Udemy almost died at least 5x. We got rejected by everyone in the Valley. Startups are never a straight line.

*Read on*

[Nassim Nicholas Taleb's Wisdom @TalebWisdom]

"Trust those who are greedy for money a thousand times more than those who are greedy for credentials." - @nntaleb

[Meb Faber @MebFaber]

1/ Here are my 6 favorite research pieces of 2019 making the case for global investing...

First up, @CreditSuisse with their "Global
Investment Returns Yearbook 2019"

This is the yearly update to my favorite investing book, Triumph of the Optimists

https://t.co/WOv1JAvowY

[Paul Graham @paulg]

Painters look at a painting upside down to notice flaws they've gotten used to. When you're writing something, you can get a similar effect by changing the margins.

[Paul Graham @paulg]

10 yo asked what age kids are the most difficult for parents. Told him newborns are the most overall load, but teenagers cause the highest spikes, because they have the highest ratio of power to judgment.

[Fintech Nexus @Fintechnexus]

[PANEL SPOTLIGHT] At #FSMiamiByLendIt, seasoned debt #investors Gordon Watson of @VictoryParkCap, James Sagan of ArcLabs, @jackie_hyland of @a55tech & Jared Miller of Accial Capital will discuss the dos and don’ts of leveraging #debt to grow. Join them, https://t.co/YqNFyzR5S7

[Francis Shih @FrancisShih]

Another SoftBank portfolio co (Lemonade) postpones IPO plans. Wondering what happens if vision fund portfolio continues to suffer and SoftBank can’t raise fund two. What are the implications for the rest of the venture ecosystem? https://t.co/HgaHk5LPIr