Building the next-generation financial data platform. We tweet updates about public stocks. Not Investment Advice.
San Francisco, CA
Joined May 2020
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Public Comps retweeted
DeFi Dominates Crypto's "Rule of 40"
The Rule of 40, a widely used financial metric within the software sector, serves as a balancing act, requiring a company's combined revenue growth rate and profit margin to ideally equal or exceed 40%.
This metric assesses a company's ability to both generate revenue rapidly and maintain profitability.
Lido, Aave, and Maker, leading crypto protocols in staking, credit, and stablecoin industries, size up favourably to traditional software companies when it comes to this metric.
This peer group exhibits a median Rule of 40 of 110%, far surpassing the median score of 63% observed among a group of leading software enterprises
As DeFi continues to disrupt traditional finance, the Rule of 40 serves as a testament to the sector's maturation and potential to revolutionalise the way with engage with financial services.
Data @tokenterminal @publiccomps @DefiLlama
Public Comps retweeted
Great thread by @BucknSF and @patrick_oshag. Gret insights🙏 - must read for software folks!
We added Operating and S&M yield to our dashboard:
$DDOG added $665mm of ARR (+62%) on a large base and had the best Operating and S&M yield: 54% and 153% (vs. median of 36% and 63%)
Public Comps retweeted
what are the best free sources for public market software multiples over time?
Public Comps retweeted
As SaaS equities weave in and out of a potential bear market (>30% multiple contraction), we must contextualize the markets in an increasingly volatile macroeconomic climate.
Where do we go from here?
Thread (1/5)👇
blog.publiccomps.com/saas-qu…
Public Comps retweeted
Upstart $UPST Q3'21
📈$228m rev (+250% YoY)
💸$95.9m contribution profit (46% margin)
Up 152% since listing yet down 72% from all-time highs, $UPST has had quite the turbulent run in the public markets
A multi-thread on why (1/9) 👇
blog.publiccomps.com/upstart…
Public Comps retweeted
What a tumultuous year it's been and a bleak start to 2022 for cloud software.
Unsurprisingly, it's no longer the 2020 case where everyone's a winner - there's new rate hikes, maturing S-curves, and pullback from retail investors.
Quick recap we did of 2021 👇 w/ @aneesh_tek
Public Comps retweeted
Unity $U Q3'21🎮
📈Revenue: $286.3M (+43% YoY)
🔥DBNER: 142%
💸FCF: $34.2M (12% margin)
$U acquired the studio that made Avatar & Black Widow in their biggest ever acquisition for $1.62B🤩
Thread on $U bull case and their acquisition of Weta Digital👇
blog.publiccomps.com/unity-w…
Public Comps retweeted
Ahead of earnings tomorrow, we broke down @BigCommerce $BIGC. 📈
1⃣ Analyzed the key metrics, market dynamics, competition
2⃣ Looked at catalysts and outlined the investment thesis
3⃣ Modeled out revenue till 2026 (+26% 5-year IRR from current price)
blog.publiccomps.com/bigcomm…
Public Comps retweeted
17/ Finally, @aneesh_tek and @jimmynzhou are low-key accounts.
This duo provides some of the best SaaS and Tech Company analysis on @publiccomps. They go very deep.Anyone who knows Public Comps, knows I could pay for this one.
publiccomps.ck.page/68b465d0…
Public Comps retweeted
Down ~16% from 6 months ago amid concerns of offices reopening and the fallout of Five9, Zoom $ZM is continues to be scrutinized by investors:
This week I covered:
1️⃣ A refresher on $ZM
2️⃣ Variant bull view
3️⃣ Growth potential entering 2022
blog.publiccomps.com/public-…
Public Comps retweeted
Palantir is arguably the most misunderstood "software" company🌩️
In the shadow of an $800M+ contract with the US Army, I cover:
1️⃣ What $PLTR truly in 1 minute
2️⃣ A variant perception of $PLTR in 2021
3️⃣ 5-year return model
Let's get started👇
blog.publiccomps.com/the-dan…
Public Comps retweeted
This week we looked at CRWD Q2 FY22 🔥
Fav quote from earnings call: "You know, there's a difference between a Fiero and a Ferrari. And, you know, we happen to be the Ferrari model, and that's what a lot of customers want." - CEO George Kurtz
blog.publiccomps.com/public-…
Public Comps retweeted
$AMPL closes at ~$55 (+57% over reference price of $35) after officially going public today🔥
That means @benchmark's stake (who led their Series A in 2015) is now worth >$850M💯
@billgurl - a testament to how direct listings continue to be a phenomenal way to retain value👏
Public Comps retweeted
Amplitude $AMPL filed to go public last week via direct listing🔥
I analyze their S-1 across:
1️⃣ What Amplitude is📊
2️⃣ Competition⚡
3️⃣ Benchmarked financials💰
4️⃣ Valuation we can expect📈
Congrats to the team and investors at @Amplitude_HQ!
blog.publiccomps.com/amplitu…
Public Comps retweeted
Thread on Snowflake $SNOW after crushing Q2 earnings this week❄️
I go over:
1️⃣ What Snowflake does in 1 minute
2️⃣ Important takeaways from earnings
3️⃣ Future expectations
Let's get started 👇
blog.publiccomps.com/weekly-…
Public Comps retweeted
Software Snack Bites #20: The Fallacy of Benchmarking
- Why is too much attention on benchmarks often a mistake
- When and how are benchmarks useful
- Examples of benchmarks vs context in anecdotal practice
h/t @publiccomps for the great charts
shomik.substack.com/p/the-fa…
Public Comps retweeted
Thrilled to share that I'm joining @publiccomps where I'll be focused on covering internet + software!
Inbox is always open🙏
My first piece tears down Unity $U 👇
1⃣What Unity does, and what it can do
2⃣Why I believe it wins
3⃣Expectations for Q2'21
blog.publiccomps.com/unity/
Public Comps retweeted
1/ Quick thread on Square $SQ+ Afterpay $29B acquisition💸
Afterpay Financial Highlights :
- $15.8B GMV FY21 (105% YoY)💪
- $693 Revenue FY21 (92% YoY) 🔥
- 98k active merchants June 2021 (78% YoY) 🚀
- 16.2M consumers June 2021 (78% YoY) 📈
Takeaways👇
blog.publiccomps.com/public-…
Public Comps retweeted
Excited to announce that I'm joining @whalerock 🐳
1️⃣ I'll be focused on investing in late-stage private companies
2️⃣ Pumped to be reunited with my co-founder @Chowybear
3️⃣ Transitioning to advisor at @publiccomps but the team is in good hands!
👉 blog.publiccomps.com/joining…
