Discover and read the best of Twitter Threads about #privateequity

Cory Doctorow @pluralistic@mamot.fr Red Team Blues

@doctorow

Big Tech steals from the news, but it doesn't steal *content* - it steals *money*. That matters, because creating copyrights over the news facts, headlines, or snippets to help news companies bargain with tech makes the news *partners* with tech, rather than watchdogs.

1/

If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

pluralistic.net/2023/05/31/con…

2/

How does tech steal money from the news? Lots of ways! One important one: tech steals ad revenue. 51% of every ad dollar gets gobbled up by tech companies - primarily the cozy, collusive #AdTech duopoly of #Google/#Facebook (AKA #Googbook).

3/

Read 36 tweets

Cory Doctorow @pluralistic@mamot.fr Red Team Blues

@doctorow

In blocking @Microsoft's acquisition of @ATVI_AB, the @CMAgovUK made history: they stepped in to prevent a convicted monopolist from seizing control over a nascent, important market (cloud gaming), ignoring MS's transparent, self-serving lies:

assets.publishing.service.gov.uk/media/644939aa…

1/

Cloud gaming isn't really a thing right now, but it *might* be. That was Microsoft's bet, anyway, as it plonked down $69b for Activision-Blizzard - a company that shouldn't exist, having been formed out of a string of grossly anticompetitive mergers that were waved through.

3/

Read 39 tweets

Cory Doctorow @pluralistic@mamot.fr Red Team Blues

@doctorow

Remember "#DeathPanels"? @SarahPalinUSA promised that #UniversalHealthcare was a prelude to a Stalinist nightmare where unaccountable bureaucrats decided who lived or died based on a cost-benefit analysis of the cost to keep you alive versus how much your life was worth.

1/

Palin was right that any kind of healthcare rationing runs the risk of this kind of calculus, where we weight spending $10,000 to extend a young, healthy person's life by 40 years against $1,000 to extend an elderly, disabled person's life by a mere two years.

3/

Read 33 tweets

Cory Doctorow (@pluralistic@mamot.fr)

@doctorow

Today's Twitter threads (a Twitter thread).

Inside: Naomi Novik's Scholomance trilogy; and more!

Archived at: pluralistic.net/2023/03/29/hob…

#Pluralistic 1/

I'm kickstarting the #audiobook for my next novel, an anti-finance finance thriller about #SiliconValley scams called *Red Team Blues*. #Amazon's #Audible refuses to carry my audiobooks because they're #DRM free, but crowdfunding makes them possible:

redteamblues.com 2/

Naomi Novik's Scholomance trilogy: When Rousseau comes to Hobbeswarts.

https://twitter.com/doctorow/status/1641091348450234368

Read 26 tweets

l'Informé

@LInforme_

🔴 Comme chaque mardi, on vous propose de découvrir "Le Meilleur de l'Informé", notre sélection hebdomadaire, diffusée sur Linkedin.

A lire > linkedin.com/pulse/stellant…

Déroulez le #thread pour les détails 🧶

📈+ 3% ! Soit environ 50 euros par an pour une famille moyenne.

Une hausse du prix du gaz va bientôt toucher plusieurs millions de Français. Pourquoi ? Peut-on y échapper ? @BenjaminDouriez vous dit tout dans cet article ⤵️

linforme.com/energie/articl…

📉 L'emploi en chute libre chez Stellantis

Pour se préparer au tout-électrique, le consturcteur automobile sabre ses effectifs. Les équipes ont baissé de 6% en France depuis 2021, souligne @thierrymestayer.

linforme.com/transports-aut…

Read 9 tweets

Kailash Concepts

@KailashConcepts

1/19 @ttmygh of the wonderful Things That Make You Go HMMMM newsletter just wrote a scathing piece on the emerging #pension fund disaster in lagged marks from private #equity.

loom.ly/YyomXW4

2/19 As he explains:
#PrivateEquity is taking down Pension Funds as they struggle to keep the game of hot-potato going. “Hot potato” being the business practice of selling slices of companies back and forth to one another at ever higher #valuations.

3/19 The “solution” appears to be PE firms building funds to buy #assets from themselves at possibly fraudulent valuations set by themselves.

Read 19 tweets

Cory Doctorow (@pluralistic@mamot.fr)

@doctorow

#Dow plastered #Singapore with ads for a sneaker #recycling program, promising to turn shoes into playground tracks. But the shoes it collected in "recycling" bins got dumped illegally in #Indonesia. This isn't strange: it's how nearly *all* plastic recycling *always* worked. 1/

Plastic recycling's origin story starts in 1973, when #Exxon's scientists concluded that plastic recycling would never, ever be cost-effective (#ExxonKnew about this, too). 3/

Read 59 tweets

ithought

@ithoughtadviser

Here are some highlights from the Voices of Tomorrow Bangalore Chapter! (1/n)

#VoicesofTomorrow #VoT2023 #ithoughtVoT #ithoughtVoT2023

Session #01

ithought Way – The Journey by Mr Shyam Sekhar

Mr @shyamsek answers the question, ‘What pain points does ithought address & solve?’ (2/n)

#ithought #portfoliomanagement #financialplanning

“We want to make Millennials as $ Millionaires – a well-managed wealth corpus for the 90’s born.” - @shyamsek on what ithought wants to accomplish.

Watch Mr Shyam Sekhar’s talk ‘ithought Way – The Journey’ here youtube.com/live/Gyg3D2djS… (3/n)

#investors #investearly

Read 27 tweets

Jason Cravens

@JasonRCravens

The U.N. is a happy organization?

This happynwo site is now the forwarding address for: unnwo.org (which was a blank site in 2020 with only "Ⓒ Copyright New World Order Project 2020" at the bottom.)

Hmm.🤔
happynwo.org #NewWorldOrder

#BillGates

Ha! Found it.

Read 72 tweets

Macro Daily Co.

@macrodailyco

@PwC @PwCUS just released their 2023 Annual Global CEO Survey — here's a thread of the top takeaways from the survey, including the fact that "40% of CEO's don't think their companies will be 'economically viable' in the next 10yrs"... 🧵/👇🏼

#macro #Stockmarket #DataAnalytics

1/🧵 "Roughly 40% flagged the transition to new energy sources and supply chain disruption." @PwC @PwCUS

#macro #Stockmarket #DataAnalytics #commodities #supplychainmanagement #tech

2/🧵 "#inflation and #macroeconomic volatility stand out more prominently than other key threats in the next 12 months than over the next five years." @PwC @PwCUS

#macro #Stockmarket #DataAnalytics #commodities #supplychainmanagement #tech #CPI

Read 11 tweets

Cory Doctorow @pluralistic@mamot.fr

@doctorow

#FuneralHomes were once dominated by local, family owned businesses. Today, your local funeral home is likely owned by #ServiceCorporationInternational, who bought hundreds of funeral homes (keeping the proprietor's name over the door), hiking prices and reaping vast profits. 1/

Funeral homes are now one of America's most predatory, vicious industries, and SCI uses the profits it gouges out of bereaved, reeling families to fuel more acquisitions - 121 more in 2021. 3/

Read 80 tweets

RAVEN Le MAVEN

@Redrum_of_Crows

____________________________
Re-Upping from My Library

A Paper Published 12 Years Ago

TITLE : q-Anon

Subject: Describes HOW you Aren't Anonymous

Today is a perfect time to share it again - I highly recommend scanning
researchgate.net/publication/22…

__________________________

Published 2010 q-Anon

________________ Q

Quasi-Identifiers

Read 9 tweets

Phil Booth

@EinsteinsAttic

OK, let's take look at @RoyalMail #Health (no @Twitter handle as yet):

royalmail.com/health

It's apparently "a new #business division working across the #healthcare industry, including local #pharmacies"...

...though its main partners at this point appear to be @Pharmacy2U - of which more later - and "exciting new service" #Charac, an app & #SaaS platform which advertises on @facebook, @instagram and @LinkedIn but again doesn't (yet) have a @Twitter handle:

charac.co.uk

...that's 👆 #Charac's front page, BTW; the pitch it makes to #pharmacies themselves 👇 is somewhat different:

charac.co.uk/pharmacies/

I dunno about you, but "Creating new ways to make more money that isn’t dependent on NHS finance" sounds a lot like #marketing to patients...

Read 11 tweets

Peter Lynch

@PeterLynchASM

The probability that you make money (carried interest) on a search fund?

2 out of 3 search funders close on a deal, and of those that close, 73% realize a gain. Which means that less than half (~48%) make it to this stage. #privateequity #searchfund

Lower ROI outcomes are associated with shorter hold periods (per the chart), but if you assume an 8% pref and average hold of 5 years, then carried interest is earned above a 1.5x MOIC.

If you look only at outcomes in excess of 2x ROI in the chart provided (Stanford Search Fund Study 2022), then ~35% of search funds achieve a return above 2x. #searchfund #independentsponsor #SMB

Read 5 tweets

Take Medicine Back

@TakeMedBack

Take Medicine Back has sent a coalition letter to @NCAGO @JoshStein_, pres-elect of the @NatlAssnAttysGn requesting investigation into widespread violations of the prohibitions on the corporate practice of medicine in North Carolina and across states.
takemedicineback.org/letter-to-ag-j…

#PrivateEquity firms are rapidly consolidating physician staffing groups resulting in both monopolies and labor monopsonies harming both patients and physicians - placing profits above patients.

@RealBankReform @econliberties

The Corporate Practice of Medicine "occurs whenever a non-physician individual or corporation exerts control over the medical decision-making or collects reimbursement for the medical services of physicians." The majority of states prohibit it @aaeminfo @AAEMRSA @AmerMedicalAssn

Read 9 tweets

State io

@state_xyz

0/ Those interested in SaaS investing and need a quick reference point on public market valuations, @MeritechCapital has just released v2 of their benchmarking (free) tool. Check it out!

⬇️🧵⬇️

#software #SaaS #valuation #VentureCapital #privateequity

meritechcapital.com/benchmarking/v…

1/ The tool provides a perspective on what scaled listed SaaS companies look like in the US, in terms of growth, retention, sales efficiency and how these metrics correlate with valuation. US is the most relevant market as it sets the world price for such assets, viz. enterprises

2/ It’s based on non-GAAP financials and allows users to filter by SaaS type (infra, application, freemium / bottoms-up). The types of analysis (incl. charts, tables) the tool allows you to quickly undertake is organized as follows…

Read 8 tweets

Finanzwende

@finanzwende

Spätestens mit #Corona wurde klar, wie wichtig der #Pflege-Sektor ist. Aber auch, wie groß die Probleme sind. Ein Grund dafür ist die zunehmende Finanzialisierung des Sektors. Wie das zusammenhängt, hier im Thread. 🧵👇
Die Studie von @fw_recherche: finanzwende.de/ueber-uns/aktu… \1

Die Finanzialisierung bedeutet hier, dass Pflegeheime immer mehr als Spekulationsobjekte angesehen werden. Genauer: #PrivateEquity Firmen kaufen und verkaufen Pflegeheime, um Profit zu machen.

.@fw_recherche hat sich 3 #Pflegeheime in 🇫🇷 🇬🇧 und 🇩🇪angeschaut, um zu verstehen, was passiert, wenn Investoren Pflegeheime als Kapitalanlagen benutzen. \3

Read 9 tweets

Duncan Lamont

@DuncanLamont2

1/6 Four perils for #PrivateEquity today-or are they?

1. Recessions are bad, right?

Nope. Funds raised in recession years have done very well. Capital is deployed over several years so get to pick up assets at beaten up prices, and sell later in recovery phase

#SuperReturn

2/6
2. Stagflation is worse though?

For some sectors yes but not all (based on analysis of public market sectors). Some could do well

- healthcare
- consumer durables
- anything that can save companies money (e.g. some business services)

3/6
3. Closure of exit windows (IPOs, corporate M&A) is a challenge

But could lead to a rise in secondaries. Both GP-led (where sell to another vehicle run by the same GP), and traditional LP-led (where an LP sells their stake to another LP) likely to rise

Read 6 tweets

Linda P. Jones

@LindaPJones

Thread: During my interview with @linqtoinc COO, Joe Endoso, he compared #Ripple to Coinbase, before it’s IPO. Coinbase was valued at $8B before it’s phenomenal IPO, which is lower than Ripple’s last venture capital funding round (at a valuation of $10B). 1/8

#xrp #PrivateEquity

“Coinbase went from $8B to $32B & got as high as $85B, before the stock market correction. That gives you a sense of what the possibility might be for price appreciation under strong, as well as adverse market conditions, for Ripple.” 2/8

“Not only are you investing based on your belief that the fundamental value of this company is going to increase significantly in the future bc of the use case they have for XRP & the international payments processing space, but also bc it is a special situation.” 3/8

Read 9 tweets

DueDilio

@Due_Dilio

DueDilio Case Study Tuesday

Highlighting some of the projects we facilitate.

This one comes from a searcher...👇

1/5

"I am acquiring an engineering shop and need a Quality of Earnings Report done as well as financial modeling of the future for this company. Need this as part of the SBA process and for my internal use.

2/5

The company will be purchased as an asset sale with an SBA 7(a) loan program. The current entity is an s-corp and does its accounting on a cash basis. The business owner uses Quickbooks but doesn't fully utilize its capabilities.

3/5

Read 6 tweets

DueDilio

@Due_Dilio

DueDilio Case Study Tuesday

Sharing some of the projects we facilitate.

This one comes from a search fund...👇

1/4

"We're acquiring a commercial landscaping business in the Southeast that does about $6M in revenue. We're looking to have a valuation of hard assets performed. It's a combination of trucks/vehicles, trailers, heavy equipment and mowers.

2/4

We'd really just like to confirm the asset value is generally in line with what the seller is saying."

Results...👇

3/4

Read 5 tweets

Discover and read the best of Twitter Threads about #privateequity

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Discover and read the best of Twitter Threads about #privateequity

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