Archive: Early Investing

Every investor has preferences and biases that influence which startups they choose to invest in. And some sectors play to an investor’s values more than others. Whenever anybody asks me which sectors I prefer, I say it doesn’t matter to me. And I mean it.  I prefer startups led by savvy and determined founders that meet huge needs or wants in uniquely disruptive ways.  Those qualities help startups endure, grow and prosper…
Every investor has preferences and biases that influence which startups they choose to invest in. And some sectors play to an investor’s values more than others. Whenever anybody asks me which sectors I prefer, I say it doesn’t matter to me. And I mean it. …

AMC Illustrates Market Insanity

By Adam Sharp on May 28, 2021

The hottest stock in the world is AMC. Yes, the movie theater chain. On Wednesday it was the world’s most traded stock and made up 11% of the total volume on the New York Stock Exchange.  In March of 2021 —…

The Real Problem with SPACs

By Andy Gordon on May 26, 2021

I’ve never hidden my disdain of special purpose acquisition companies (SPACs). As a refresher, SPACs are shell companies that attract investors and then go public in order to merge with a specific startup, thereby taking the startup public. I laid into them back in January in…

Crypto Regulation Shows Mainstream Acceptance

By Adam Sharp on May 21, 2021

What an absolutely insane few weeks in crypto it’s been. All the Elon Musk drama, the Tether reserve breakdown and now there are further signs of government regulation.  Today I’m going to look at the regulatory…
The merger of two major Asian companies this week barely made a ripple in the U.S. But it’s huge news in Asia — and even bigger news in Indonesia, where they’re based. The two companies merging, Gojek and Tokopedia, are fast-growing and ambitious. They’re both seeking an edge…

Dogecoin Is Meant to be a Joke

By Adam Sharp on May 14, 2021

In the summer of 2014, I met dogecoin co-founder Jackson Palmer in San Francisco during a tech conference. Jackson was instantly likeable, and we happened to know some of the same people at the conference. We hung out that night, and he gave me some insight…

Buybacks Are Bad for Shareholders

By Andy Gordon on May 12, 2021

My old nemesis SoftBank was in the news today. Thanks to some big bets paying off in its $100 billion Vision Fund, it posted a record $46 billion profit for the last fiscal year. I’m not impressed. In fact, I’ve never been a big…
This week I came across a statistic that shocked me. It turns out that 34% of all US income currently comes from the government. Here’s a chart from an article on ZeroHedge showing the rise of government “transfer payments…
I just returned to the office this week. It was a strange thing.  Before working at home during the past year, I spent most of my 40-year career in offices. And I’ve missed the water-cooler chats… the unstructured interaction with my fellow employees… going out to…

Four Assets to Hedge Against Inflation

By Adam Sharp on April 30, 2021

In April 2019, Bloomberg Businessweek magazine’s cover story asked “Is Inflation Dead?” The subtitle accompanying it was “Did Capitalism Kill Inflation?”  I recall thinking at the time that this story was probably a contrarian indicator. It reminded me that nearly everyone in the financial world was…

Cultured Meat Startups Are the Trend to Watch

By Andy Gordon on April 28, 2021

Heads up, meat lovers. Biden’s climate plan isn’t the biggest threat to the beef and chicken products you love so much. Neither is plant-based “fake meat.” The biggest threat to traditional meat is the “meat” being developed by new technologies right now.  Rep. Lauren Boebert (R-Colo.)…

Startup Insider: Medical Testing’s Golden Age

By Early Investing on April 21, 2021

We have a special treat for you this week. Our First Stage Investor members (click here to sign up) regularly get to hear Andy Gordon and Vin Narayanan interview founders. This week, we’re releasing a very special interview…

Bitcoin is Finally Going Mainstream

By Adam Sharp on April 16, 2021

This week’s Coinbase initial public offering (IPO) is a major moment for crypto. That amazing $85 billion valuation is turning heads all over Wall Street. I imagine that for some old-school investors, this crypto thing suddenly looks more legit.  We were already in the midst of…

The Convergence of Stocks and Cryptocurrency

By Vin Narayanan on April 14, 2021

In five or ten years, there might not be any difference between trading stocks and trading crypto. The two asset classes are converging in ways we couldn’t have imagined just a few years ago. More than 9.5 million Robinhood customers traded crypto in…
Mainstream media coverage of inflation — and the forces that drive it — tend to be superficial and limited. That’s why I want to highlight three recent stories. They all revolve around inflation in some way. And together they emphasize the need for every investor to have some…