HORSE TRADING CAPITAL 🇺🇦

Shitposting alpha over actual alpha

[HORSE TRADING CAPITAL 🇺🇦 @GrumpyMillenni1]

$SE may have killed more tiger cubs than Don Jr on a safari

[HORSE TRADING CAPITAL 🇺🇦 @GrumpyMillenni1]

@endowment_eddie Because many small businesses are nowhere ready to go through a wider sales process. Also rollover, they may care about employees, and relationships matter. It's obviously a grayscale but these deals exist and many small PE firms work hard to generate this type of deal flow.

[HORSE TRADING CAPITAL 🇺🇦 @GrumpyMillenni1]

@endowment_eddie Well, non marketed deals certainly still exit at the lower end of the market.

[HORSE TRADING CAPITAL 🇺🇦 @GrumpyMillenni1]

The amount of people on my feed who think these "Euros first time in US for WC" accts are real and organic is amazing. It's such obvious slop and bullshit. You are no better than a boomer commenting on AI slop on FB.

[HORSE TRADING CAPITAL 🇺🇦 @GrumpyMillenni1]

It's once again time to tap this particular sign

[HORSE TRADING CAPITAL 🇺🇦 @GrumpyMillenni1]

Nothing can convince me that Brian Chesky isn’t one of the most overrated founder CEOs out there and would be a California Closet sales rep in another timeline

[HORSE TRADING CAPITAL 🇺🇦 @GrumpyMillenni1]

Can this absolute POS app please stop defaulting me to the “For You” feed?

[HORSE TRADING CAPITAL 🇺🇦 @GrumpyMillenni1]

@P_Remarks $Z

[HORSE TRADING CAPITAL 🇺🇦 @GrumpyMillenni1]

@sigmazerocap @learnerscap How do you convince consumers to actually use https://t.co/YTUCFbzqzR over zillow? How is it better or differentiated over zillow to users?

[HORSE TRADING CAPITAL 🇺🇦 @GrumpyMillenni1]

@pourteaux Run and backed by deeply unserious people (this is true for virtually all of crypto)

[HORSE TRADING CAPITAL 🇺🇦 @GrumpyMillenni1]

There is a stupid amount of money being raised in PE right now to acquire sports/event/leisure assets. $MTN is trading for around 8x normalized EBITDA. I will be damned if no one is at least looking at this.

[HORSE TRADING CAPITAL 🇺🇦 @GrumpyMillenni1]

@P_Remarks To say that guy is a clown would be unfair to clowns

[HORSE TRADING CAPITAL 🇺🇦 @GrumpyMillenni1]

@GlenKacher @chamath In no world is the average PE portfolio anywhere near majority software. It's not even 20% for most. VC is a different story but 90% software would still be an extreme outlier.

[HORSE TRADING CAPITAL 🇺🇦 @GrumpyMillenni1]

How much screen time do you think his kids are getting?

[Marc Andreessen 🇺🇸 @pmarca]

Every argument of “because of the smartphone” or “the Internet” or “social media” is cope, to avoid confronting the catastrophic collapse of incumbent institutional competence over the same timeframe.

[HORSE TRADING CAPITAL 🇺🇦 @GrumpyMillenni1]

I don’t make the rules but anyone who asks Xi Jinping to name his unborn child is completely unhinged and uninvestable.

[HORSE TRADING CAPITAL 🇺🇦 @GrumpyMillenni1]

@_Housing_Guy_ It’s a disaster all around. Just a matter of time until they pull the plug. Traffic just isn’t there and it’s not getting better. Maybe they will try something with Rocket or Compass first.

[HORSE TRADING CAPITAL 🇺🇦 @GrumpyMillenni1]

@_Housing_Guy_ Notice the absence of any churn metrics because those numbers are massive. It’s a joke to even call it ARR with that much churn.

[HORSE TRADING CAPITAL 🇺🇦 @GrumpyMillenni1]

@INVESTMENTSHULK @TheIpHawk I am sure these guys are worried about fighting mascots mate

[HORSE TRADING CAPITAL 🇺🇦 @GrumpyMillenni1]

@ShaleTier7 Idk man looks good enough to start drilling

[HORSE TRADING CAPITAL 🇺🇦 @GrumpyMillenni1]

Guys, this is a levered shitco run by a loud mouthed empire builder. Resi RE brokerages are terrible businesses.

[HORSE TRADING CAPITAL 🇺🇦 @GrumpyMillenni1]

The number of hedge funds long $COMP based on a completely brain dead thesis around $COMP building a marketplace and normalizing pocket listings - universally hated by consumers and regulators - is truly astounding.