Tl;dr: Social Capital Hedosophia V, the blank-check company associated with investor Chamath Palihapitiya, announced that it will merge with SoFi, taking the personal financial services company public in the process. $IPOE is merging with @SoFi to take them public. This is an incredible company in banking and fintech that has the potential for a winner-take-most outcome. Watch @cnbc now or listen to …
MEMO: Chamath SPAC for OpenDoor
Tl;dr: Social Capital Hedosophia II, the blank-check company associated with investor Chamath Palihapitiya, announced that it will merge with Opendoor, taking the private real estate startup public in the process. Chamath tweeted his one-page investment memo: Big News: $IPOB is merging with @Opendoor and will take them public. More than $1B is being invested to help Opendoor build a legacy …
MEMO: Coho Capital on Spotify
Tl;dr: Coho Capital Management wrote a 13 page memo focused on the value case of Spotify. Coho Capital Management, LLC is an Oregon-based investment management firm founded by Jake Rosser in 2007. Coho Capital returned 46.6% during the first half of the year compared to a loss of 3.1% in the S&P 500. Many of our holdings, such as Netflix, …
MEMO: Chamath SPAC for FVAC
Tl;dr: Chamath Palihapitiya invested into a publicly listed company called Fortress Value Acquisition Corporation or $FVAC. He shared his memo on Twitter which was just one page. It’s his own money so who cares Background Chamath Palihapitiya did a Tweet storm and shared the memo and these thoughts: Last week I co-led a $200M PIPE into $FVAC. My first big …
Fart in your general direction
Tl;dr: Producers discussing removing offensive text to have a lower film rating including the memorable phrase fart in your general direction In August of 1974 at a preview screening of Monty Python and the Holy Grail Tony Kerpel at the British Board of Film Classification was there to classify the film. Tony chatted with the film’s producers Mark Forstater about …