Joey Brookhart

Tokenomics @ SemiAnalysis | Former L/S TMT

[SemiAnalysis @SemiAnalysis_]

Anthropic Growth and Bedrock Mix Drive AWS Margins Higher While Peers Lag Amazon’s Bedrock Mix and Anthropic Deal Terms Combine to Show Greater Operating Leverage.

https://t.co/8n72J0CGOV

[Joey Brookhart @SaasquatchC]

@SaaSletter This is golden. Great data Matt

[Joey Brookhart @SaasquatchC]

@SaaSletter @pavecomp @Matthewschulman Matt, your data and coverage of the industry is excellent. Thank you!

[Joey Brookhart @SaasquatchC]

@CloudRatings Great content Matt! Glad to see you back on Twitter

[Joey Brookhart @SaasquatchC]

@fundiescapital Only up 3%? Is that your bear case?

[Joey Brookhart @SaasquatchC]

@bucketshopcap Experience selling a commoditized product

[Joey Brookhart @SaasquatchC]

2021 ESTC Bull Case: "This should have a MDB multiple"
2025 ESTC Bear Case: "This should have a MDB multiple"

[Joey Brookhart @SaasquatchC]

@OnodaCapital They've been messaging a 2H hot food release for a few months

[Joey Brookhart @SaasquatchC]

PCOR strong rev rec while RPO drawdown from delayed DC projects?

[Joey Brookhart @SaasquatchC]

@bucketshopcap @non_consensus They tried to buy it awhile back

[Joey Brookhart @SaasquatchC]

@BabaGhanoushLLC Outside of Covid: L Brands, GOOS, UA, WW
Since 2020: SAM, LOVE, PTON, OTLY, OLPX

[Joey Brookhart @SaasquatchC]

Locked out of my personal account permanently so here's an update halfway through software earnings season: Main takeaways: 2H23 NN and billings growth lower, CY24 starting to get revised down (all numbers on low street estimates obviously)

[Joey Brookhart @joeybrookhart]

Update after earnings season: Old estimates on left, new on right (1/2)

[Joey Brookhart @SaasquatchC]

@D_T_Research Think his brother was pushed out due to international underperformance

[Joey Brookhart @SaasquatchC]

@OnodaCapital OLPX, FIGS, RH, BIRD a little lower

[Joey Brookhart @SaasquatchC]

@g4chap0n Did non SOR app software have much defensibility prior? This coupled with some of the warehouse native architectures abstracting away the data lock does mean outlook even worse LT imo

[Joey Brookhart @SaasquatchC]

@hfreflection @mycroftcap Caveat that at small funds, alt data can be a huge source of advantage in sub 10mn ADV names

[Joey Brookhart @SaasquatchC]

@hfreflection @mycroftcap SMs can take advantage of ability (and specialist knowledge) to tilt sector, factor, and net to produce differentiated return streams and also layer in true idio alpha on top of these tilts. Pure idio alpha is almost always going to be better at MM model

[Joey Brookhart @SaasquatchC]

@4amCapIQSupport @GGaykowski @deliberate_cap I hope you didn’t hear about that WMT displacement on the SPLK call

[Joey Brookhart @SaasquatchC]

@dalibali2 Is buyside GMV bogey really in the low 60s? Think people over overextrapolating BFCM. Their merchants discounted pretty heavily to move inventory