Cathy Shin retweetledi
Cathy Shin
28 posts
Cathy Shin
@cathysshin
Investor @ Altos Ventures
San Francisco, CA Katılım Nisan 2016
505 Takip Edilen372 Takipçiler
Cathy Shin retweetledi
Cathy Shin retweetledi
Years ago I led research on the GFC and was way out front suggesting trillions in losses, so I know a little something about crummy banks.
Getting panicked calls about the risk of SVB deposit losses, a bank with:
1) 15% tier 1
2) 40% LTV
3) 100% deposit liquidity coverage
English
People look at this chart and ask: "What are 20 and 30 year olds doing if they aren't having kids?"
I can tell you from experience - they are getting doodle dogs. My friends turn 28 and a doodle seems to magically appear.
English
Cathy Shin retweetledi
The slope of technology’s value creation and positive impact on humanity has never been steeper - but wars and economic cycles remain. As founders / investors, embrace the first - but survive the second. BG^2.
The All-In Podcast@theallinpod
E81! the legendary duo @bgurley and @altcap joined the besties at #allinsummit to talk: -- state of 2022 & historical significance -- bull run mistakes -- capital influx fallout -- predictions for 2023 -- & more 🔊: apple.co/3a5Bpre 📺: bit.ly/alline81yt
English
Truly living at the intersection of the bank and the enterprise, @ModernTreasury is adding $50M in Series C 🎉
80%+ companies are still facing payment operations problems and wasting time of disparate data today and MT is here to automate each step of the process. We’re 🔥🔥 up!
English
Cathy Shin retweetledi
I don’t normally say this, but I recommend that all of our portfolio company founders watch the first 50 minutes of the latest episode of @theallinpod. Brad Gerstner @altcap joins us to explain what’s happening in public markets, VC, and valuations.
The All-In Podcast@theallinpod
E73!! @friedberg was out this week, so we had bestie guestie @altcap fill in -- understanding current SaaS multiples -- major late-stage markdowns -- down market strategies -- rising rhetoric between US/Russia 🔊: apple.co/3Dam2Zb 📺: bit.ly/alline73yt
English
Cathy Shin retweetledi
The Fed Rate Roadmap Bounce. Markets abhor uncertainty. Not going back to covid insanity multiples but growth now has a roadmap. Enjoy your Friday night cocktail. 🔥🔥🔥
English
Cathy Shin retweetledi
Here's @altcap on what's happening to VC: "The venture market is maturing."
Founders "have more efficient markets... presumably get a better price, less dilution."
English
Cathy Shin retweetledi
There's been a lot of discussion at board meetings on the trade-off between growth and burn. When capital is free-flowing, it makes sense to grow at all costs. With capital markets tightening, I encourage companies to pursue high AND efficient growth. Here are a few frameworks:
English
Cathy Shin retweetledi
What makes @dbt_labs so amazing - the people, culture and community. It's truly special! I've never seen such an inclusive group of individuals who genuinely care about one another. The employee NPS is >90! Excited to lead their Series D
blog.getdbt.com/next-layer-of-…
English
Cathy Shin retweetledi
Reflecting on digital transformations vs pull forward for cloud software over the long weekend - I think we've largely seen 3 different ways cloud software was affected by Covid:
1) Fake TAM creation
2) One time pull forward
3) Durable pull forward
English
@sruthiramaswami @WeAreKindbody Such a thoughtful, amazing read Sruthi! And incredibly helpful
English
Finally putting pen to paper on a topic close to my heart: fertility exploration. I dive into my web of thoughts (and anxiety), my fertility assessment @WeAreKindbody, and the huge opportunity we have to support proactive reproductive health! 1/n @sruthiramaswami/a-perspective-on-fertility-exploration-7fdd4aec43c4" target="_blank" rel="nofollow noopener">medium.com/@sruthiramaswa…
English
Cathy Shin retweetledi
Welcome to the Fireblocks team!
James Ho@jamesjho_
1/ Thrilled to back @FireblocksHQ in their Series E! $45B assets under custody. 600% revenue growth. 8x client growth. Securing 15% of daily crypto volumes. Shaulov & team are building a global crypto infrastructure juggernaut @altcap theblockcrypto.com/post/131952/fi…
English
Cathy Shin retweetledi
1/ Really fascinating to see crypto bear mkt dialogue / conversations. Lots of focus on price, % from peaks. Much less around fundamentals, users, txns, gas fees etc. Maybe just continued evolution of the market over time. Crypto gradually turning into productive asset class.
English
Cathy Shin retweetledi
1/ Altimeter is excited to back @Checkout in their $40B Series D round 🔥🔥
@GuillaumePousaz is building a global payments juggernaut. Tripling txns processed. Global coverage w/ best auth rates. Leading clients like Netflix, Grab, Shein, Revolut, FTX.
checkout.com/newsroom/news/…
English
Cathy Shin retweetledi
updating consumer fintech multiples for 1) big mkt moves, 2) C23 estimates, 3) adding $sq
(and yes these are consensus - I'm not just making # s up...)
All 20-50%+ growers.
Either 1) these are new exit multiples that VCs underwrite to, or 2) u believe public mkts are wrong.
English
Cathy Shin retweetledi
1/ The markets have spoken. Covid is over. Govt stimulus (fed and congress) is over. 10 year back to 1.8 - Jan 2020 pre covid levels and growth multiples have fallen 50% back to Jan 2020 levels.
English
Cathy Shin retweetledi
After a mega year of fintech IPOs - public mkts have spoken.
Not all consumer fintechs created equal.
Huge range of outcomes - driven by end market, unit economics, durability of growth, revenue predictability, among others.
Some are still very recent and still gestating 😉
English
Cathy Shin retweetledi
1/ Some takeaways on global e-commerce:
E-commerce’s business looks super simple (for 3P, just GMV * take rate), but a lot can be learned on the key assumptions:
- GMV (gross vs. net)
- Take rate (gross vs. net)
- Upside from Ads (%? when?)
- LT profitability (5%? really?)
English