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Business

Creating a Brand is Hard and It Takes at Least 5 Years!

The other day we official launched RouteNote Create under the RouteNote umbrella.

RouteNote Create was originally intended to be a standalone product – but I learnt a lot about starting a brand over the past 12 months and it is getting harder and harder with time to build meaningful brands online. The landscape and places you need to be visible are getting larger and larger and it’s very difficult trying to keep them all up to date and heading in the same direction with the same branding, tone of voice and message.

Note to self – If you are going to build a brand – then make sure it focuses on a new customer type and expect it to take at least 5 years to really show fruit!

Categories
Business

Im Tired of YouTube Investment “Gurus”

There are so many investment “gurus” on YouTube and it simply just feels like this is now a step above a used car salesman!

Here is a very good example – Investment Advice! When he simply just adds his money into a very basic Vanguard ETF based off the S&P500.

This is probably as far as it gets from someone who should actually be giving investment advice!

What you really should be watching is video interviews from Warren Buffett – and then also spending a huge amount of time reading and working out your own way to value companies and their intrinsic value.

Categories
Business

SWIFT Network Restrictions Could Cripple Russia in the Ukraine War

I came across this information about SWIFT network posted the other day. This could have a very big impact on the Russian and Ukraine war and instead of trying to put it in my own words I thought I would repost it.


Following Russia’s invasion of Ukraine, Western governments have dropped heavy sanctions on Russian banks, companies, and elites—including President Vladimir Putin himself.

But they’ve yet to move forward with what’s been called the “nuclear option”: banning Russia from using SWIFT.

What is SWIFT?

Belgium’s Society for Worldwide Interbank Financial Telecommunications (SWIFT) runs a messaging service that facilitates transactions across 11,000+ financial institutions globally. Think of it as the “Gmail of global banking.”

Entities in every country except North Korea use SWIFT to shuffle trillions of dollars’ worth of funds across borders. And Russia is a SWIFT power user—as a major supplier of energy and other goods, it ranks sixth globally for payment messages sent on SWIFT. So if Russia were cut off from SWIFT, “the nation would essentially be severed from much of the global financial system,” the NYT wrote.

Thing is, not everyone’s prepared for that

While the UK and Ukraine are trying to boot Russia from the global group chat, the US and some EU nations are a little more hesitant. Here’s why:

  1. They’re not ready to go full James Franco in 127 Hours. Their citizens still use Russian energy to keep the lights on, so shutting down Russia’s Gmail account would essentially force financial communications onto a janky platform like 1990s-era AOL, resulting in a colossal headache for everyone involved.
  2. Another worry for the US is how blocking Russia from SWIFT would impact the dominance of the US dollar in the longer term. The US enjoys many benefits from the dollar’s status as the world’s reserve currency, and US officials are concerned that booting Russia from SWIFT would spur Moscow to join up with Beijing and develop alternative payment systems (on the blockchain, for instance) that undermine the dollar.

Of course, workarounds to SWIFT already exist, which is another reason why some sanctions experts say that blocking SWIFT access is an overrated tool for punishing Russia. You could do it, but you might be creating more problems for yourself in the process.

Categories
Business Video

Shareholders Need to Behave Like Owners – Warren Buffett

Very interesting question to Warren Buffett – in which he then provides a very interesting (yet simplistic) answer.

Shareholders need to act like owners – and in nearly all cases in America – this is forgotten. People forget that when they buy a stock in a business that they are becoming an owner in that business.

Categories
Business Video

Masayoshi Son Talks Covid-19, Investments, and Bold Bets

Masayoshi Son is one of the best investors in the world and he is known for his very bold bets. Masayoshi Son has done so much and he always seems so humble as he is trying to also make the world a better place.

Categories
Business Video

Adam Neumann Talks Failed IPO and WeWork in the Future

This is a great interview with Adam Neumann – who is the former CEO and founder of WeWork. This is his first interview since he tried to take the company public and the valuation of the company halved overnight. He talks about the situations around that previously failed IPO attempted and what is happening now with WeWork.

Categories
Business Tech

Deel Financials for 2021 – $50 million in ARR – 500+ Team Members

Alex Bouaziz the co-founder and CEO of Deel has just announced some of their recent numbers on Twitter.

In 2021 –

  • $4m to $50m in ARR
  • 50 Team Members to 500+ Team Members in 60 Countries
  • Raised over $600 million

That is one of the craziest years I have ever heard.

Categories
Business Tech

Tencent Sells Giant Stake in JD.com – Dropping its ECommerce Share

Tencent is a giant in the world of Chinese technology and beyond. Today they have announced that they will be selling most of its stake in JD.com.

Tencent will reduce is staking from 17% to 2.3%.

The proceeds will help Tencent provide shareholders with a $16.4 billion dividend.

After long being JD’s largest stakeholder, Tencent will give the title to Walmart.

This seems to be a Tencent strategy that has paid off in the long term. Instead of Tencent looking to acquire many companies in adjacent industries – they have decided to acquire minority stakes in a huge number of technology companies globally.

Why?

Its far easy to own more when you own a minority. If Tencent were to acquire more companies – they would have issues with Government and regulator approval.

Categories
Business

Warren Buffett: How To Achieve A 30% Return Per Year Investing (7 Investing Rules)

Here is a great video on some of Warren Buffett’s very simple ideas and principles. It doesn’t elaborate on some of the key points, but it’s a great starting point.

Categories
Business

Marketing is really about bringing together the customer, the product, and the business

“Marketing is really about bringing together the customer, the product, and the business. Great marketing starts with an understanding of customers’ problems, and then how they experience value through the product. All of your marketing needs to reflect that”.

Julie Herendeen – CMO Pagerduty
Categories
Business

Ideas are just a Multiplier of Execution

I came across this image a while back from Derek Sivers (who started CDbaby). Its an old image, but I think it explain a lot.

A few people have mentioned to me recently that they have new business ideas, but they are scared to tell too many people as they think their idea could be copied. I replied to them stating that they shouldn’t be worrying about the idea – and everything comes down to execution!

Categories
Business

Running a Business is All About Your Ability to Learn – Quickly

Life feels like an endless To Do List at the moment.

Its amazing – when you learn about business the courses really teach you about being able to run a small business. They never tell you that as it gets bigger your job becomes harder and harder and its all about your ability to learn a completely new set of skills at every different size of the business.

Categories
Business Football Sports

Man City and Chelsea Leaving European Super League – Football is About Fans Not Greed of Some

Manchester City has officially pulled out of the European Super League – and now Chelsea is going to be the next one.

This league was all about American PE greed!

Americans don’t understand football here in the UK and Europe. Football here is Tribal. Its all about the average working person wanting to watch their favourite team play every week … from big clubs to small local clubs.

Football is about the fans!

Categories
Business Finance Tech

Coinbase Goes Public – I Expect it to Drop to $30 billion Valuation then Rise Again!

Coinbase went public the other day on the NASDAQ. Coinbase have a very exciting business and I have been trying to learn as much as possible about the Crypto world for the past year or so (but feels like I’m barely scratching the surface).

At one point Coinbase hit $100 billion in valuation, but I suspect that will drop below half over the next few months as the froth from the initial trades die down.

It will be very interesting to see how Coinbase performs over the long term, but it does seem to be a good hedge if you expect cryptocurrencies to be strong in the next 10 years or more.

Prediction – it drops below $30 billion in market cap and then it starts to climb again.

Categories
Business

Investors With Inflated Ego

Do you need to have a big ego to be an investor?

I have had an experience for a long time now with one investor who for the most part is your perfect type of investor (silent and then helps when required). However, the only problem is that they tend to over inflate their involvement to everyone they know (even to the point of flat out lies), which then end up making their way back.

Why?

Why can’t some people just be happy with what they have? Why can’t they simply say they have got the best investment of their lives and they didn’t even need to do anything apart from be in the right place at the right time with a little bit of money at Seed stage?

Categories
Tech

Venture Capital is a Game of Outliers – Here are the Numbers / Chances of Success

Venture Capital by Numbers:

Venture Capital business is 100% a game of outliers

  • 4000 venture fundable businesses per year
  • 200 will get by top tier Venture Capital
  • 15 will some day get to $100 million in revenue
  • Those 15 – provide 97% of all the returns for the entire Venture Capital category for the year.
Categories
Business

Companies Get Harder as they Get Larger (not easier)

It’s funny… when you start a company you think the larger it gets the easier it is going to be – as you’re able to start handing off jobs and deligate your team.

However, no one really explains to you the larger it gets the harder it actually gets.

Yes.. you can hand off those jobs to the other members in your team and they can take complete autonomy over the decision making, but there are all the little things that no one ever talks about – culture, strategy, team structure, heirarchy, wages, policies on pretty much everything from HR to Finance.

Sometimes a lifestyle business in which the owner can have an amazing lifestyle really is the best way to go!

Categories
Tech Video

Justin Kan – Killing it on YouTube with his Business Tips

Justin Kan (Co-founder of Twitch and Justin.tv) has started to vlog on YouTube with handy business tips. Justin has had a lot of adventures with Twitch and beyond and its great to see him giving something back.

Plus, these videos are actually entertaining, short, and provide a recap at the end (which is great).

Keep up the good work Justin!

Categories
Business Tech

Coinbase Valued at Over $100 billion – You Have to Be Kidding Me (From $8 billion to $100 billion in a year)

Coinbase is looking to go public very soon and its valuation in the secondary markets has just gone over $100 billion.

Coinbase’s valuation over the years:

  • 2016 — $500M
  • 2017 — $1.6B
  • 2018 — $8B
  • 2020 — $100B

Coinbase reported revenue of $530M for 2019 and $691M for the first nine months in 2020. The company posted a net income of $141M between January-September 2020, up from a loss of $30M in overall 2019. Notably, these numbers don’t include 2021, when the Bitcoin price surged more than 90% YTD.

Categories
Tech

DJI on the Banned US Trade List – Wont Affect the Company Day to Day

The US Commerce Department recently announced that DJI is now on the US Trade Ban list.

DJI has since come out and stated that Americans will be able to continue to buy and use its products “normally” despite the companies presence on the list.

This ban only affects the companies from purchasing parts from American companies, so I’m assuming DJI saw this ban coming and already had a plan B supply chain in place ready to go at any time.

I’m not entirely sure how a drone company is helping to support human rights abuses in China. It seems like if this is the case then all Chinese companies will be in the same position!