Tassos Stassopoulos

I'm proud Trinetra was recognized as Best For The World™ B Corp in Governance as well as Customer impact areas. This means our impact score for Governance as well as Customers is amongst the top 5%! (in our category)! We congratulate all our fellow #BFTW2022. @bcorpuk

Sajith: I hadnt heard of Avi Eyal / Entree Capital before this 20VC podcast episide. I got drawn to Avi Eyal’s @aeyal1 's podcast epsiode given the jawdropping numbers that Harry Stebbings used to market the epsiode - 100x returns on the monday.com investment, 38x DPI (it stands for distributed to paid in capital or cash on cash returns effectively) on one of their funds. These are astounding numbers by any means. The podcast is a good listen if at all to get a sense of the inner workings of a top tier pre-seed / seed fund (of Israeli origin). What stood out to me was the following - portfolio construction math: much smaller size of portfolio at 23-24 companies, than is usual for a preseed / seed fund (though now they go up to Series C) - much lower loss ratios than is usual for a seed / venture fund (in the class of PE investments he says at 12-15%) - they are very hands on as a fund in terms of trying to be helpful, from what Avi Eyal says, and this could be a factor. Also @EntreeCap are good pickers clearly! - is open to selling early and this principle he says is so as not to fall in love with the value they saw in paper. Their formula is to sell a third when they hit 6-8x, a third in the preIPO round, and another third at the IPO. It is not the job of the VC to hold post IPO he says. See below.

Loved this @WIRED profile of emerging markets investor Tassos @stassopoulos whose firm Trinetra uses ethnographic research (at the core of it is peeking into people's fridges) to determine evolving consumption trends. (The content is excerpted from @nicolatwilley's book Frostbite on the science + downstream impact of the the growing cold chain) How he parsed signals from the fridge to buy dairy companies in India and sell off his Yum China holdings! I thought this heirarchy of organic > healthy > indulgence > efficiency was an interesting one. Of course as we know India1 is likely at the healthy + indulgent stage stage by now, though the majority of Indians will be at Efficiency stages. Just over a third of households have a fridge in India! And this was really interesting. India has just 9k refrigerated vehicles while France w 1/20th of India's population has 15x those vehicles! This was a fascinating article. You know what, I would love to accompany @stassopoulos on his next visit to peep into fridges in India! Link to article in the linked tweet.

What does the wizarding world of Harry Potter and EM investing have in common? They both provide a useful framework on how to invest in an uncertain and volatile world. trinetra-im.com/post/when-inve…

DM focus on measurable #environmental metrics is happening to the detriment of #social impact. Focusing on the measurable mean missing the bigger picture, ignoring material risks and opportunities just because they cannot be tracked on a spreadsheet. trinetra-im.com/post/why-e-get…

Chinese equities lost half ‘re-opening’ surge as investors grew disappointed with recovery. Consumer demand is on a path to recovery enabling #investors to benefit from cheap valuations, low interest rates, and government measures boosting domestic demand. trinetra-im.com/post/china-reo…

After a lost decade, cyclical and structural headwinds have been abating for EM equities. At PCF Markets Summit in Sydney, I outlined why profound secular changes are now becoming tailwinds trinetra-im.com/post/keynote-t…

A post-Covid mindset is causing EM consumers to tear up the inflation playbook. Companies and investors need to re-think their assumptions on what products and services might prove resilient. Read our latest insights here trinetra-im.com/post/emerging-…

Desk top #research tells you little about what the consumer is thinking and why things are happening. Listen to our latest podcast to find out how #ethnographic research helps identifies emerging #trends . trinetra-im.com/post/ethnograp…

Customers paying by credit cards create cashflow challenges for entrepreneurs. Our #Brazil immersions study found small businesses using PIX to overcome this, fuelling a new wave of #Entrepreneurship . #ethnographicresearch trinetra-im.com/post/pix-drive…

Our recent immersion trip to #Brazil has thrown up some fascinating insights on #consumers’ attitude to #inflation, #health the wide-reaching impact of digital payments. trinetra-im.com/post/inflation…

Hearing great consumer insights in #Brazil on changing fitness, digital payments and nutrition habits. Also interesting how #dog have become centre of family. Consumers telling us they are economising on their food spending, but would not compromise on their #pets.

Taking off for 🇧🇷 on our 1st #ethnographic study after Covid. Since 2011 this bag has been with me on 24 ethnographic studies travelling through 🇨🇳🇮🇳🇻🇳🇿🇦🇳🇬🇮🇳🇧🇷🇨🇱🇵🇪🇮🇳🇲🇽🇮🇩🇮🇳🇹🇭🇵🇭🇨🇳🇮🇳🇬🇭🇨🇳🇰🇷🇮🇳🇮🇩🇨🇴🇮🇳 to understand how people lives are changing & how they shape future trends

PIX is a digital payments success story. On our upcoming Immersion trip to #Brazil , we'll be looking at how PIX will continue to impact consumer behaviour and especially for those who were previously #unbanked. economist.com/finance-and-ec…

We’re proud to announce that Trinetra has become a certified #BCorp, joining global businesses that meet the highest verified standards of social and environmental performance, transparency, and accountability. @BCorpUK

A fast and effective way to counter climate change is to reduce poverty, provide education and empower women. Supporting lower income groups, strengthening the fabric of society brings demographic change and focus on staying within Planetary Boundaries. trinetra-im.com/post/esg-you-c…

Really enjoyed Anthro-Vision by @Gilliantett. Demonstrating cultural context and the power of the Small Sample in a world obsessed with Big Data

Covid-19 is a blueprint for the emotionomics 2.0 world - Tassos Stassopoulos & Jonathan Shapiro. Earn 0.50 CE/CPD hrs #PortfolioForum @stassopoulos #Finology #BehaviouralFinance #InvestorPsychology portfolioconstructionforum.edu.au/article/3686/c…

#Covid_19 changed our habits and behaviours. How do you distinguish between long-term trends and those which will evaporate once the pandemic recedes? I discuss with Mike Ivatt how to find trends in a socially distanced world, using digital ethnography. trinetra-im.com/post/spotting-…

Can the PIX payment system supported by Brazilian Central Bank herald the death of #creditcards ? Our research blog looks at the disruption this causes for card schemes, payments companies, before spreading to the banks themselves. trinetra-im.com/post/credit-ca…