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Here's what I've been reading, watching, and listening to:
This is a great snapshot of the state of SaaS. What some call a tough macro environment looks to be the norm in the future and is currently driven by overinvestment, reducing sales efficiency.
I love SaaS. I am excited to build.
This opens up a bunch of useful use cases, like receiving a receipt
Great listen. The scale and speed of product development at OpenAI is incredible.
A four-day forecast today is as accurate as a one-day forecast 30 years ago.
Research by Harvard and Stanford universities found Chicago’s 3rd- to 8th-grade students outpaced most similar districts in reading growth from 2019 to 2023, while Illinois was one of only three states whose reading achievement now exceeds 2019 levels.
The equities benchmark closed at 5,026.61 to notch five straight weeks of gains. It briefly breached the round-number threshold minutes before the close Thursday.
It took 719 sessions for the index to set its latest 1,000-point milestone, a gain of 25%. The 50% advance from 2,000 to 3,000 needed 1,227 trading days, from 2014 to 2019, according to data compiled by Bloomberg. To double from 1,000 in 1998, it needed 4,168 sessions to get to 2,000 in 2014.
I’m interested in seeing if the NFL owners vote to allow outside investment from private equity firms. My guess is no, given there’s no burning need to do so. On the other hand, MLB, NBA, and the NHL have already opened the floodgates, and ownership succession is a real challenge (in particular, the tax on inherited investments).