Ross Basri

Co Founder at

[Ross Basri @BasriRoss]

@HeharNavi Or not shrinking

[Ross Basri @BasriRoss]

Eventbrite $EB looks to me like it’s trading for net cash on balance sheet. It’s not a great company but worth 0? Anyone know what’s going on here?

[Ross Basri @BasriRoss]

@HeharNavi But they have 600mm of cash. Those short term liabilities always appear on the balance sheet from what I can tell so it’s more just a feature of their cash conversion cycle (which is good) than weakening their balance sheet.

[Ross Basri @BasriRoss]

@dotkrueger Where does the cash to pay the coupon come from

[Ross Basri @BasriRoss]

@rohindhar If you wanna see something insightful for how the insurance industry works take a look at the 5 year chart for Progressive or Travelers.

Insurers are making money hand over first. It’s regulation and lack of supply driving costs up.

[Ross Basri @BasriRoss]

@NaithanJones True - otherwise you might end up like this poor chap with a nice house and Porsche but a heavy heart.

[Ross Basri @BasriRoss]

Any good narratives for why we’re seeing many tech stocks lower following the softer inflation report?

Looks to me mostly positioning driven as many sub sectors that have underperformed lately like enterprise saas are holding up well today.

[Ross Basri @BasriRoss]

@biotechpain Mid-curving this one. Robotaxis will unlock an insane amount of economic value. How that enormous value gets split between consumers and the few producers who can pull it off is more “we’ll see” but Tesla is definitely in pole position here.

[Ross Basri @BasriRoss]

@GordonJohnson19 I became dumber reading this post. Thank you.

[Ross Basri @BasriRoss]

@Ross__Hendricks “Elon premium” on a company in pole position on the autonomous and robotics platform shift. Kinda simple innit.

[Ross Basri @BasriRoss]

@jasonlk These days a $5mm round looks more like a series A in every sector but AI infra from what I can tell. I’m assuming a bit smaller round size.

[Ross Basri @BasriRoss]

@haydenzadams Lolololol

[Ross Basri @BasriRoss]

@aaronoleary This would do 35k in airbnb revs

[Ross Basri @BasriRoss]

@jasonlk What’s their moat mate?

[Ross Basri @BasriRoss]

@micahjay1 I agree.
1. Know AI better than most
2. Buy well positioned traditional businesses
3. Integrate AI better and faster than competition

[Ross Basri @BasriRoss]

@alz_zyd_ Uhhh I recall something vague about competition with the axis powers…

[Ross Basri @BasriRoss]

@alz_zyd_ Alternative - some top down controlled entity burns way more resources making arbitrarily many mistakes with no motive to get anywhere fast

[Ross Basri @BasriRoss]

@qthomp Bullish bearish bullish again… I can’t keep up with you man

[Ross Basri @BasriRoss]

@JustDeauIt Defi tokens don’t have the same claims on their protocols fee revenue in the same way as these regulated stocks. Apples to oranges