Drift Signal ⛵️

Weekly analysis through the lens of Late-Cycle Investment Theory: how technological maturity reshapes markets, institutions, and capital allocation.

[Drift Signal ⛵️ @DriftSignal_]

Latest free edition 🤗

[Nicolas Colin @Nicolas_Colin]

1/ Yesterday I sent a free edition of my newsletter @EuropeanStraits. It features a podcast conversation between @MazzucatoM and @Vitolae, as well as links to essays published recently. Thread 👇

Cc @_TheFamily

https://t.co/PXuRTbrQr7

[Nicolas Colin @Nicolas_Colin]

1/ My latest NL: a few notes, quotes & sources on revenue-based financing—and why Europe is lagging behind.

Following a panel discussion yesterday w/ @henrik_grim of @GetCapchase & @joshbell of @dawncapital via @SaaStock (replay will be available soon).

https://t.co/DVgbKXOB3F

[Nicolas Colin @Nicolas_Colin]

1/ Tomorrow I'm participating in a panel with some fantastic speakers together with @SaaStock & @GetCapchase.

We will focus on why European SaaS founders should consider revenue-based financing rather than ever more equity capital.

See you at 4pm CET! 👇
https://t.co/ulgSFGaJca

[Nicolas Colin @Nicolas_Colin]

2/ See what I wrote on the topic a while ago—in @Siftedeu:

https://t.co/bJgfKkRUKG

Cc @henrik_grim @joshbell @VincentTouati @_TheFamily @CapitalCall_ @EuropeanStraits

[Nicolas Colin @Nicolas_Colin]

3/ More from my newsletter @EuropeanStraits—framing the discussion on what I call the 'diffraction' of venture capital:

https://t.co/6tewTCnJgn

[Henrik Grim @henrik_grim]

Looking forward to the event and to learning more about your perspectives on this topic @Nicolas_Colin!

[Nicolas Colin @Nicolas_Colin]

1/ While WhatsApp is down, allow me to share the latest edition of my NL @EuropeanStraits 👇

🎧 Feat. a conversation between @azeem & @Vitolae about the former's (highly recommended) book "Exponential"—click for details and listening to the episode.

https://t.co/qkoGki89JV

[Nicolas Colin @Nicolas_Colin]

By the way, I just unlocked this, from the @EuropeanStraits archive 👇

Cc @Noahpinion

https://t.co/TfOnJkdznx

[Nicolas Colin @Nicolas_Colin]

27/ Some thoughts on capitalism, and the "grip" as the most important concept to be mastered by corporate strategists 👇

(From the @EuropeanStraits archive.)

Cc @AgnesCallard @vgr

https://t.co/fe69RcERlU

[Nicolas Colin @Nicolas_Colin]

26/ More from the @EuropeanStraits archive—previously paywalled:

Not many people pay attention to a business’s financial model, but it reveals a lot about their fate 👇

https://t.co/8oRvzFWYhq

[Nicolas Colin @Nicolas_Colin]

25/ An essay about the "global savings glut" and the startup world 👇

(From the @EuropeanStraits archive—now accessible for all.)

https://t.co/CjXli2hX65

[Nicolas Colin @Nicolas_Colin]

24/ The state of Delaware performs a vital role for US tech companies. Europe lacks an equivalent.

(From the @EuropeanStraits archive—now accessible for all.)

https://t.co/1EtiFE16Rm

[Nicolas Colin @Nicolas_Colin]

23/ Just unlocked this from the @EuropeanStraits archive: My preferred approach to writing memos, and a few links to go further on each item 👇

Cc @FStuerenburg

https://t.co/6ZITnSphVD

[Fred Destin @fdestin]

Breaking the mould: Unai / @maxim_xyz and his team are building a full stack, integrated VR hardware + virtual world social experience — @Nicolas_Colin looks at their unique attempt to kill two birds with one stone.

[Nicolas Colin @Nicolas_Colin]

21/ Just unlocked from @EuropeanStraits: A few thoughts on the rules of strategy and how they apply to hardware (in this case, VR) startups—building on the case of our portfolio company Unai

Cc @maxim_xyz @daedalium @_TheFamily

https://t.co/xSlgLkf07B

[Nicolas Colin @Nicolas_Colin]

By 2100, Africa will have the three largest cities in the world:
• Lagos, in Nigeria 🇳🇬
• Dar es Salaam, in Tanzania 🇹🇿 and
• Kinshasa, in the Democratic Republic of Congo 🇨🇩

@Kdenkss interviewed by @hofrench 👇 Cc @IanHathaway @Vitolae @MacaesBruno

https://t.co/tbMdNrUSgY

[Nicolas Colin @Nicolas_Colin]

@RoiStartup @_WeMaintain @Siftedeu Indeed, talk about a very large niche!

Here's the complete list of unlocked @EuropeanStraits essays by the way 👇

https://t.co/C0xaYMaXGf

[Nicolas Colin @Nicolas_Colin]

1/ Resuming my weekly newsletter @EuropeanStraits, which would soon shift to a new focus: emergent entrepreneurial ecosystems across the world and startups doing business across borders.

In the meantime, here's today's edition 👇

https://t.co/b9712VtwQH

[Nicolas Colin @Nicolas_Colin]

20/ This one, published in September 2020, was inspired by the whole GameStop saga and the fact that Reddit and Robinhood have become prime platforms for investing in the stock market.

https://t.co/s0HUJD9Ng4

[Nicolas Colin @Nicolas_Colin]

19/ Here's a practical how-to guide for founders confronted with regulatory challenges—published in January 2021, unlocked just now. Cc @sGianella @mschmidbaur @vojtech @martinmignot

https://t.co/QUe4tJChaC

[Nicolas Colin @Nicolas_Colin]

18/ Also unlocking this from January 2021: A few ideas about rich people and wealthy families investing in startups—and why it's more complicated than it sounds (also a column on this topic to be published tomorrow in @Siftedeu ⏱) Cc @drnovac

https://t.co/uKSc9nPPcU