sysls

Today’s article is a particularly interesting dataset for those of you working in the equities space. We have a dataset that represents a live market for forward expectations, where its core product is actually a point-in-time (PIT) history of crowdsourced quarterly EPS and revenue estimates from a large panel of contributors!

@pedma7 So good, thanks for this

@systematicls yeh I noticed that too. still, impressive cadence.

This is actually amazing. You can tell exactly when I started: 1) Taking OpenForage calls/meets 2) Building OpenForage

@pedma7 force of habit. people asks this all the time and the truth is that I've been writing publically since a teen and just have developed this habit of writing a ton. in every job I've had - i wrote tons of internal memos.

@systematicls how do you write so much mate. impressive.

Today’s article is a particularly interesting dataset for those of you working in the equities space. We have a dataset that represents a live market for forward expectations, where its core product is actually a point-in-time (PIT) history of crowdsourced quarterly EPS and revenue estimates from a large panel of contributors!

@pingpongsniping thank you!

@systematicls excited to read!

@MikeLGilreath so good

In 2018 my best friend sold his co to Blackrock (750M) While sitting on his dock one afternoon in 1986 I asked him how he kept hitting HRs in business (he had 2 start-ups) "Mikey, you're plenty smart enough, but that won't be why, it'll be because of unrelenting perseverance" To this day he still has this framed behind his desk:

talent is necessary but insufficient for greatness

@enneracting well said

@systematicls Talent is just one part of the equation. Needs to be developed further, expanded with systems, and used as the foundation to be built upon. I see too many talented people get stuck and stop progressing because they assume their talent will carry them to the finish line. It won't.

@ScottPh77711570 everyone talks a good game about getting to 1. Most can't even imagine the burn that's inflicted upon you as you bear the friction of escape velocity; the very best lift off intact, some people burn so much there's nothing left of them.

@systematicls This is so real man. The shit I had to eat to get my business off the ground changed my whole personality

One of the things that annoys me about some new entrepreneurs is that they don’t carry about a passion for the problem they’re trying to solve. It’s almost this disease where they’ll do anything to get funding. Like change their entire product or idea on a whim if that means that’ll get them funded. Obviously then, their goal here is that they want to be a “entrepreneur/founder” more than they want to bring their idea into life. Because if they are willing to abandon their idea at the first point of friction they must not be very passionate about it. Imo, building anything from 0 to 1 is so egregiously difficult that unless you’re willing to chew glass for it, the chances of you being able to generate enough escape velocity to be relevant is almost 0. Be passionate. It’s an endlessly renewable source of fuel.

@systematicls Some entrepreneurs just want validation. Funding is just applause with a wire transfer attached and if changing the entire product gets them the applause faster. For the others, ask them about the problem: the real one goes 45 minutes and you have to interrupt them.

@Kpaxs couldn't have said it better myself.

@codephobic pivoting to reflect market sentiment is fine but if you're willing to jump ship on a whim you obviously didn't care about that ship too much!

@systematicls As much as I hate to admit, it dos makes sense from a fundamental business pov.

@joeljohn @mhdempsey This is honestly a great share. Thanks for your time. Btw its funny you say this, arent you an investor

@systematicls this note by @mhdempsey goes hard wrt this mhdempsey.substack.com/p/vc-backed-st… my respect for bootstrapped founders that have scaled anything to 3-5mil in revenue annually has sky rocketed in the past two years.

@cornd0gman tell me about it

@systematicls Even a profitable corndog store is difficult how do these cats think they can build a 9fig company with that attitude?

@codephobic Yeah, right?

@systematicls 100%. Unfortunately it’s way too common to see, esp in crypto.

@0xthedub Yes exactly

It is crazy to me that in this day and age you can create enterprise value just by having impeccable tastes in design and implementation and having the ability to articulate these tastes. Implementation risk is now a function of eloquence.

@kyr_dreamer Exactly this

@systematicls Seen this firsthand. Engineers who could explain their thinking clearly always shipped faster. Now the tools just amplified that advantage. Taste is the new technical skill.