Joey Brookhart

@JordanNanos @unusual_whales 😭🧐

@unusual_whales wow @SaasquatchC check this out

Meta, $META, spent nearly $50,000/year per employee on AI tokens, per NYT.

TokenBudgeting: Our Conversations with Enterprises on Token Spend Was Widespread TokenMaxxing Ever Really Here? newsletter.semianalysis.com/p/tokenbudgeti…

Anthropic Growth and Bedrock Mix Drive AWS Margins Higher While Peers Lag Amazon’s Bedrock Mix and Anthropic Deal Terms Combine to Show Greater Operating Leverage. newsletter.semianalysis.com/p/anthropic-gr…

@SaaSletter This is golden. Great data Matt

👀 OpenAI data via their VP Enterprise - leading edge adopters as proxy for future? - surprising mix for API usage

@SaaSletter @pavecomp @Matthewschulman Matt, your data and coverage of the industry is excellent. Thank you!

👀 Product Design hiring via @pavecomp / @Matthewschulman (n=10,000 companies) Will let you draw your *own* conclusions re $FIG $ADBE etc

@CloudRatings Great content Matt! Glad to see you back on Twitter

🆕 Seeing some narrative conflation on Monday $MNDY earnings, especially re: "Google" -> open-sourcing some excerpts from our quantitative "Alto Model" SLIDES = research.cloudratings.com/view/781574876/

@fundiescapital Only up 3%? Is that your bear case?

interested to see tomorrow. i wonder if it matters that we’ve already run 17% from the lows on almost 100% hope for cooler heads to prevail. could see buy the rumor and sell the news. but could also see us up 3%.

@bucketshopcap Experience selling a commoditized product

Seen a few ex-buyside people recently going to AI startups...only to do what seems like sales-type roles? Kind of odd career trajectory, or am I missing something?

2021 ESTC Bull Case: "This should have a MDB multiple" 2025 ESTC Bear Case: "This should have a MDB multiple"

@OnodaCapital They've been messaging a 2H hot food release for a few months

Sbux marketing iced fruity energy drinks. CELH discounting everywhere. Signs of consumer weakness. Time to sell BROS?

PCOR strong rev rec while RPO drawdown from delayed DC projects?

@bucketshopcap @non_consensus They tried to buy it awhile back

@non_consensus Did anyone at Autodesk get fired for letting this business exist?

Passively listening to Procore investor day. Don't know much about it except Tiger Cub/momo guys love it. What's so interesting about it? VMS? Fintech for construction?

@BabaGhanoushLLC Outside of Covid: L Brands, GOOS, UA, WW Since 2020: SAM, LOVE, PTON, OTLY, OLPX

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)

@D_T_Research Think his brother was pushed out due to international underperformance

@OnodaCapital OLPX, FIGS, RH, BIRD a little lower

What stock have you shorted that's now a long? Thinking of names like a $SG or $TWLO that got bombed out and *could* 2-3x in a few years

@g4chap0n Did non SOR app software have much defensibility prior? This coupled with some of the warehouse native architectures abstracting away the data lock does mean outlook even worse LT imo

@hfreflection @mycroftcap Caveat that at small funds, alt data can be a huge source of advantage in sub 10mn ADV names

@hfreflection @mycroftcap SMs 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

Why don’t start-up funds more frequently take advantage of their size to invest in names larger funds can’t? Always confused when I meet small funds who own large cos. Want to prove they can scale? Lack of creativity / imagination? Bias towards quality?