Meanwhile, the guy long MQ/short COIN getting wheeled out of Citadel this morning:
Joey Brookhart
578 posts
Joey Brookhart
@SaasquatchC
Tokenomics @ SemiAnalysis | Former L/S TMT
Joined January 2021
- 2021 ESTC Bull Case: "This should have a MDB multiple" 2025 ESTC Bear Case: "This should have a MDB multiple"
- Replying to @bucketshopcapExperience selling a commoditized product
- Replying to @Post_MarketATZ, BROS, SAM, SBUX, YOU, WRBY, SHOP, LULU, GOLF, ULTA, ZG
- Replying to @BazCapGuiding down 5mn sequentially 5 weeks into a quarter where they ended up adding 16mn is peak sandbagging
- 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)
Update after earnings season: Old estimates on left, new on right (1/2) - Really impressed they don't have to pay their sales people anything to upsell products, for usage based increases, or to retain ACV. /s
- Customer spend from usage based enterprise SaaS vs consumer SaaS vs consumer ecosystem vs DTC trash indexed to $100 first year customer spend. Interesting chart but I own the middle two companies and not DDOG (I do own some enterprise SaaS cos though) 1/
- Never seen so much software dunking/bearish on my timeline… decent ST r/r in a number of names
- Here's the Sprout writeup for those asking. DM on any questions or where I'm wrong
- Replying to @hfreflection and @mycroftcapSMs 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
- Replying to @ShitFundHarder to catch insider trading if you have a bunch of people buying short dated OTM calls
