MEMO: Chamath SPAC for OpenDoor

Tl;dr: Social Capital Hedosophia II, the blank-check company associated with investor Chamath Palihapitiya, announced that it will merge with Opendoor, taking the private real estate startup public in the process. Chamath tweeted his one-page investment memo: Big News: $IPOB is merging with @Opendoor and will take them public. More than $1B is being invested to help Opendoor build a legacy …

MEMO: Coho Capital on Spotify

Tl;dr: Coho Capital Management wrote a 13 page memo focused on the value case of Spotify. Coho Capital Management, LLC is an Oregon-based investment management firm founded by Jake Rosser in 2007. Coho Capital returned 46.6% during the first half of the year compared to a loss of 3.1% in the S&P 500. Many of our holdings, such as Netflix, …

MEMO: Chamath SPAC for FVAC

Tl;dr: Chamath Palihapitiya invested into a publicly listed company called Fortress Value Acquisition Corporation or $FVAC. He shared his memo on Twitter which was just one page. It’s his own money so who cares Background Chamath Palihapitiya did a Tweet storm and shared the memo and these thoughts: Last week I co-led a $200M PIPE into $FVAC. My first big …

Marketplace metrics and reading for startups

For those of you that have my extensive marketplace financial model, I wanted to set out benchmarks you can use for the model to calibrate your calculations. In this blog I’ve tried to set out: Benchmarks: All the ones so you know you haven’t done anything silly! Metrics: What metrics matter? What investors look for: I’ve made a reading list …

McKinsey Request for Proposal examples

Here are some examples of Request for Proposal/Quotation (RFP/RFQ) for contracts that McKinsey won. Most are for government contracts so they are shared under transparency requirements, or shared in a legal case. I just find it interesting to see how much they charge! Boston Public Schools Operational Audit/Review RFP Response¬† We look forward to the potential to serve the City …