$API (Agora) which builds SDKs to add video and voice to apps and is used by Talkspace, HTC, and reportedly Clubhouse is down 94% over the last year and has an enterprise value of <$150M.
It makes ~$170m/yr in revenue.
🇮🇳💯 The 2nd order effect of 100 unicorns....
in a decade will turn huge flywheel for Indian startup ecosystem, because of talented people who experienced a dramatic & intoxicating growth from inside
-will startup
-will start a fund
-will become Angels
https://t.co/KhEEKhAUV4
Here is where we are:
👎 5% of stocks down 90%
👎 22% of stocks down 75%
👎 45% of stocks down 50%
Where are we going next?
👎 50% of stocks could go down at least 80%
👎 80% of stocks down at least 50%
🏊Downstream impact of THIS for startups will be felt in richter scale 🌍
1) Previous "all-time" highs are completely irrelevant. It's not "cheap" because it is down 70%. Forget those prices happened.
2) Valuation multiples are always a hack proxy. Dangerous to use. If you insist, 10X should be considered AMAZING and an upper limit. Over that silly.
Late last night, after winning his battle for Twitter, @elonmusk was in Boca Chica and held his regular 10 pm meeting on Raptor engine design, where he spent more than an hour working on valve leak solutions. No one mentioned Twitter. He can multitask.
kinesin (a motor protein) moving a molecule around a cell.
this process is happening constantly throughout the body.
kinesins move at a rate of 2000 nm/s, meaning they take ~250 of these tiny steps a second (this clip is greatly slowed down).
Indian finance minister: “India wants to be friends with the European Union and the Western, free, liberal world, but not as a weak friend that needs desperate help here and there."
https://t.co/3Xxa2MMdTg
Translation: there will be no more “lectures” to India about human rights, freedom, and democracy. The partnership is now a two-way street, with Washington also learning from New Delhi. Again, India has won the argument.
Google is so aggressive about mining e-mail receipts for data to sell ads that Amazon no longer tells you what you bought in their emails, and now I honestly can’t tell which company is being the bigger asshole to customers.
In the current metaverse platform ecosystem, 83.5% of the 400m unique monthly users are younger than 18 years old. This represents 334m users. The remaining 13.2% make up 66m users.