This is awesome, make sure you check it out! ๐คฉโจ Virtuall is like Notion for 3D teams AI-powered, collaborative, and browser-based. Generate models, manage feedback, and keep everything in one place. ๐
https://t.co/PMC2q0lXnZ ๐
@threejs#Threejs#WebGL#3DModels
@arcticstartup@propane_ai@propaneai@heartfelt_vc Excited to be backing Dennis & the Propane team ๐. Customer intelligence is long overdue for disruption โ and this AI-native approach is the one to watch ๐ค.
Most companies today know more about their coffee machine than their customers โ๏ธ.
Propane is fixing that with an AI-native OS for customer intelligence: always on, always learning ๐ค. Thrilled to back @greenlieber & team with @antonosika (Lovable) & @JackPiunti (ElenLabs) ๐
@kbysta1@noots_87 As mentioned, let me get you introduced to the product team at @GameAnalytics for a full demo of what we have now and what soon is coming. DM me.
You will only achieve true viral growth when the user is sharing your appโs content at a high frequency to other networks. Too many founders will look to add a temporary boost because thatโs what they see other apps do. I call it Spotify Wrapped syndrome.
You might top the charts for a day but that is only going to create phantom validation that something is working.
What you really need is the main content in your appโs feed to be shareable. TikTok and Instagram didnโt grow by adding a growth hack after the fact.
Had a fun chat with @a16zGames alum @farming_xp about the games industry and the state of games VC. Thanks for hosting team @upptic!
Sidenote I think I need a new professional headshot. Black hair + background just ain't it. Maybe I'll generate one?
https://t.co/FS2K6YgrdU
Buffett, Active Investing and Index Funds...
In 2008, Warren Buffett issued a challenge to the hedge fund industry, and a million-dollar bet was made.
Buffett's position was that, including fees, costs and expenses, an S&P 500 index fund would outperform a hand-picked portfolio of hedge funds over 10 years. The bet pit two investing philosophies against each other: passive and active investing.
Buffett picked the S&P500 Index. The hedge funders picked their actively managed funds. At the end of ten years, they looked back and Buffett won.
A recent article in Bloomberg reinforces this point. Only one equity mutual fund, the $7.1B Baron Partners Fund, has outperformed the Invesco QQQ ETF (Nasdaq ETF) over the past 5, 10 and 15 years.
Said differently, passively investing in the Nasdaq ETF exposed you to the gains of the best companies of this era without you having to do any work or diligence. All the best companies were part of the ETF. When one of those company lagged, their composition in the index fell or dropped all together. And when a company did well, their composition in the index would increase or they were added if they weren't part of it beforehand.
Passive investing allowed the ETF manager to define simple rules and then do all the work for you. The companies it picked, because of its rigid rules, turned out to be far superior to those picked by active investors. So much so that only ONE fund (out of thousands) managed to beat the ETF.
The lesson is that for most people, they will find that this is the superior method for investing in the stock market. Allocate some money (say each month) to a very low cost ETF and then let the ETF manager, natural selection and compounding do the rest.
After printing a substantial earnings beat on both top and bottom lines yesterday, mobile gaming app install ad network Applovin's $APP market cap is $12.4BN, $4.5BN less than Snap's $SNAP market cap of $16.9BN.
Though custom in-house tooling isn't always the way to go...my preference and for dealing with large amounts of data is to go with existing providers like Mixpanel or GameAnalytics