(AppLovin studio roll call: Ace Games, Athena Studio, Belka Games, Clipwire Games, Forever9, Geewa, Kryss, Leyi, Machine Zone, Magic Tavern, MagicAnt, Nuts Power really, thats what its called PeopleFun, Redemption Games, ZenLife and Zeroo Gravity.). ----- This episode is brought to you by Tegus. reserved. We cover what it means to sit at the center of the capital system and the various ways a bank facilitates risk management and risk transfer. Web3 Breakdowns is a property of Colossus, LLC. Historically, AppLovin invested heavily in user acquisition (UA) for the apps produced by these studios so they could serve as a ready source of first-party data and audiences to feed its machine learning models and Axon, its homegrown recommendation and prediction engine. Rather than having to dig through models one by one, Visible Alpha extracts data from every line item across sell-side models so you can better understand expectations on metrics beyond just revenue and earnings. Unity Software reported earnings earlier this week. Which is fine, but Unity lost the value of a portion of its training data due in part to us ingesting bad data from a large customer, John Riccitiello, Unitys CEO and president, told investors on Tuesday. [00:08:13] - The business model of Schwab itself; [00:12:51] - Can it be compared to a franchise model; To unlock the secrets, we are delighted to be joined by. In the 1900s the company evolved away from their roots in gunpowder and dynamite and it's hard to find an industry they havent touched since then. This wasn't a name on our radar at Colossus but the more we dug into the story, the more intrigued we became. Adam Foroughi is the CEO and co-founder of AppLovin. [00:03:24] - [First question] - Blackstone: Beyond Buyouts; What an investment bank is, what they do, and how they make their money, [00:06:48] - Matt Taibbis Rolling Stone article; Why Goldman is perceived as the industry villain, [00:10:34] - The scale of Goldman today and how it looked fifteen years ago in light of the financial crisis, [00:13:55] - Industry size that Goldman operates in and their growth factors, [00:14:58] - How investment banking deals result in profits for Goldman and their ties to macro environments, [00:17:38] - Generating revenue and bottom line dollars in sales and trading as a market maker, [00:21:01] - Margin differences between investment banking and trading, [00:23:52] - Asset management and profits generated from supervising over a trillion dollars in assets, [00:26:30] - How investors value banks as a whole and the metrics and multiples used, [00:29:35] - The differences between varying levels of assets and how a banks balance sheet looks like today compared to the past, [00:34:40] - Whether or not theres a way to quantify the differences of leverage and stepping into the consumer space, [00:39:02] - The leadership at Goldman over the years and what David Solomon brings to the table, [00:44:31] - Goldmans outlook, the bull case and key drivers for success in the future, [00:49:34] - Build versus Buy versus Partner; other potential competitors and risks to Goldman, [00:51:32] - Thoughts on the strength of their core business and classifying them, [00:54:53] - Lessons for investors when studying Goldmans story and what hes changed his mind to as hes worked in this industry for so long. Please enjoy this business breakdown of Fanatics. An asset class that undergirds and powers all modern digitally connected experiences. Adyen was founded in Amsterdam in 2006 by a group of payments entrepreneurs who had already built and sold a business in this space. Please enjoy this breakdown of AppLovin.
More than 90% of MoPub publishers have made the transition, which nets out at just over 700 million daily active users in one exchange, Foroughi said. Please enjoy this conversation on Baytex Energy.
Daloopa updates these KPIs and data points in your existing Excel models in one click, regardless of your source or format. We cover Fanatics' unique vertically integrated commerce model, how they redefined their TAM, and how the company is aggressively entering NFTs, real money betting, and other expansion areas. Daloopa updates these KPIs and data points in your existing Excel models in one click, regardless of your source or format. Its a business you may not recognize but have likely interacted with. Please enjoy this breakdown of Goldman Sachs. To help break down Baytex, Im joined by oil and gas investor. I am @Compound248 and this is the next installment in our Business Breakdowns mini-series focused on Digital Infrastructure, where we are breaking down a handful of companies that are key players in the digital infrastructure asset class. My guest is Alex Danco from Shopify - who you may remember from our Business Breakdown on Shopify in 2021. This episode is brought to you by Visible Alpha. For the full show notes, transcript, and links to mentioned content, check out the episode page, To break down Goldman, I am joined by longtime financials analyst, . Please enjoy this breakdown of Adyen. This is Matt Reustle and today we are breaking down Polish grocer, Dino Polska. Apparently, there was a glitch in getting the earnings press release posted, and the SEC temporarily halted the stock to be safe. Daloopa updates these KPIs and data points in your existing Excel models in one click, regardless of your source or format. This is Jesse Pujji, and today we are breaking down Fanatics. Owned by a Foundation and run as a non-profit entity, little is known about Rolex. I learned a ton through this conversation, and I think you will too. Robert Cantwell is the founder and CIO of Upholdings. Listeners are invited to try Visible Alpha for free by visiting visiblealpha.com/breakdowns. The team at Visible Alpha built a platform to analyze consensus data and financial metrics on over 6,000 public traded companies. Andrew has written extensively on Schwab, which we link to in our show notes. [00:47:54] - Is there a chance anyone could build a platform comparable to Adyen? The fund tracks the BYTE Index, which measures the performance of 40 leading global digital infrastructure businesses, such as towers and mobile communications, fiber and fixed line connectivity, and data centers. Our conversation focuses on a new concept, tokengated commerce, and how Shopify is building around this theme. Today, we are breaking down Anduril. from Morningstar. This is Jesse Pujji and today were breaking down McKinsey & Company, the worlds pre-eminent management consulting firm. Copyright 2022 AppleInc. Vechna prva vyhrazena. Diploma is a specialist distributor of medical equipment and industrial components listed in the UK. Alongside the four standalone majors, the PGA Tour is the pinnacle of professional golf.
This episode is brought to you in partnership with Roundhill Investments, the advisor to the Roundhill IO Digital Infrastructure ETF BYTE - which trades on the New York Stock Exchange under the ticker symbol BYTE. This episode is brought to you by Coinbase Prime. Follow us on Twitter: @JoinColossus | @patrick_oshag | @jspujji | @zbfuss, [00:02:41] - [First question] - The first risk taken when creating AppLovin and how it all began, [00:05:05] - Why was there pushback against games and adtech back in 2012, [00:07:12] - What it was like in the early days to get the app in front of a customer, [00:08:54] - Building a platform and software product versus becoming an advertising agency, [00:10:47] - The major components of AppLovin and how it works, [00:15:21] - The space or areas where most people interact with them and see their work, [00:16:26] - What he considers to be the next key chapters after AppLovins early days, [00:18:25] - How they determine strategy between the app developer side of the business and app ownership, [00:25:50] - How AppLovin interacts with Apple, Android, and the relationship between products, [00:27:11] - What hes learned about the importance of scale in advertising, [00:28:58] - The major breakout points in the business that led to where he is today, [00:30:22] - Their revenue model and it how it breaks between software and apps, [00:33:55] - The margins of gaming, its business proposition, and the future value of this side of the franchise, [00:35:18] - The taxonomy of apps today and how it has changed over time, [00:38:53] - His perspective on what defines great digital marketing today, [00:40:31] - Walking through the shifts in privacy, targeting, and data as technology changes, [00:43:13] - His thoughts on emerging platforms as competitive threats and/or opportunities, [00:44:58] - How theyve kept the business nimble and very product-focused on a corporate level, [00:46:53] - Their concept of meetings and how theyve learned to run them effectively, [00:48:37] - The big lessons learned over the years becoming a big capital allocator, [00:50:24] - The missing pieces in his strategic mission that he still wants to do in five years time, [00:51:42] - What hes learned from Facebook, Google, and game studios hes worked with, [00:54:32] - How he thinks about defensibility and power in the business as they evolve and grow, [00:57:19] - His philosophy on the maturity of the business and if theyd pay dividends in the future, [00:59:32] - How he has most improved in his career during his time with AppLovin, [01:02:03] - Questions that the worlds largest bear would ask him today, [01:03:18] - The most interesting trends happening around him in the digital space, [01:04:38] - What he has learned about treating software developers well as a customer, [01:06:04] - His thoughts on the eventual impact of Facebook and Google becoming competitors rather than the collaborators they are today. From the outside, investment banks like Goldman are black boxes of profits and the embodiment of Wall Street. To break down DuPont, we are joined by. Were serving more ads, getting a bigger feedback loop and were seeing [our] machine learning continue to improve without a necessity for our own games to be fueling the data.. Daloopa uses AI to find every KPI disclosed - from charts, to text, and even from footnotes of investor presentations. [00:04:22] - [First question] - What digital infrastructure means and how it came to be, [00:09:58] - The nuance of digital infrastructure and how big the addressable opportunity set is, [00:12:47] - How DigitalBridge became the company it is today, [00:19:06] - How he thinks about portioning the fee and value creation economics between shareholders and employees, [00:23:15] - The differences between their earlier funds and current funds from how the economics split within the team and owners, [00:25:53] - A look into their balance sheet today between funds and operating assets, [00:28:39] - How big the digital infrastructure space could be in the future from an IM standpoint, [00:30:41] - Their US and non-US opportunity set and how towers and mobile infrastructure compare and contrast across their verticals, [00:34:03] - How DigitalBridge professionals operate with portfolio companies and how they add value to them, [00:38:47] - Changes in standard growth and the slow downs in the Hyperscale or Telco side of the business, [00:40:37] - If Edge competes with their core assets and how it works across all of their portfolio companies, [00:42:21] - Where we are on the 5G rollout and how it touches their businesses, [00:43:39] - His view on building out Edge and data center capacity from a DigitalBridge standpoint, [00:45:35] - How the competitive environment and risk and return profiles have shifted, [00:46:33] - How inflation affects the business and how he manages lease renewal, [00:50:19] - If Elon Musk building Starlink is a threat or an opportunity, [00:52:12] - How DigitalBridge thinks about consumer facing digital infrastructure, [00:54:48] - What could happen to lead to their success and business evolution in the future, [00:56:28] - Two key lessons hed give as advice to someone looking to build and lead a company. But you are what you eat, and that applies to machine learning models, too. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes. Daloopa streamlines a major pain point for investors. We break down the unique dynamics of the Polish consumer, how Dino differentiates from its competitors, and Dino's founder of mystery Tomasz Biernacki. Its a business youre unlikely to be familiar with and, at first glance, may appear mundane. . We hope you enjoy this breakdown of Charles Schwab. To help break down Baytex, Im joined by oil and gas investor, Josh Young, of Bison Interests. Follow us on Twitter: @JoinColossus | @patrick_oshag | @jspujji | @zbfuss | @ReustleMatt, [00:03:38] - [First question] - Key products that define Duponts history and where their products show up in our everyday lives, [00:06:23] - The science that goes into developing their products and what being a speciality chemicals business looks like, [00:08:22] - Where theyre sourcing commodity chemicals from, [00:10:30] - The thought process that went into their merger with Dow in December 2015, [00:13:21] - Commodity chemicals versus speciality chemicals, [00:16:01] - The importance of patents and early products that first had them, [00:17:38] - How much effort is put into research and development today, [00:19:47] - Their economic model and profile and current businesses, [00:23:56] - How their EBITDA margins today compare to the business historically, [00:25:27] - Overview and duration of their merger supply agreements, [00:26:23] - The seasonality and customer base for a business like this, [00:27:52] - Producing on a per-order basis or on market speculation, [00:30:04] - How many of their chemicals are produced in their own manufacturing facilities, [00:31:00] - Stability and internal investment of their cash flow cycle, [00:32:28] - History of the Dupont family and key leadership changes, [00:34:24] - Thoughts on the bull case for Dupont that will put them back on the pedestal, [00:36:28] - The percentage of the market they represent today and their current competitors, [00:37:56] - Metrics used when valuing commodity and speciality chemical businesses, [00:40:03] - Prior regulatory fines and potential risks going forward, [00:46:44] - Key lessons for operators and investors from Duponts story.
More than 90% of MoPub publishers have made the transition, which nets out at just over 700 million daily active users in one exchange, Foroughi said. Please enjoy this conversation on Baytex Energy.
Daloopa updates these KPIs and data points in your existing Excel models in one click, regardless of your source or format. We cover Fanatics' unique vertically integrated commerce model, how they redefined their TAM, and how the company is aggressively entering NFTs, real money betting, and other expansion areas. Daloopa updates these KPIs and data points in your existing Excel models in one click, regardless of your source or format. Its a business you may not recognize but have likely interacted with. Please enjoy this breakdown of Goldman Sachs. To help break down Baytex, Im joined by oil and gas investor. I am @Compound248 and this is the next installment in our Business Breakdowns mini-series focused on Digital Infrastructure, where we are breaking down a handful of companies that are key players in the digital infrastructure asset class. My guest is Alex Danco from Shopify - who you may remember from our Business Breakdown on Shopify in 2021. This episode is brought to you by Visible Alpha. For the full show notes, transcript, and links to mentioned content, check out the episode page, To break down Goldman, I am joined by longtime financials analyst, . Please enjoy this breakdown of Adyen. This is Matt Reustle and today we are breaking down Polish grocer, Dino Polska. Apparently, there was a glitch in getting the earnings press release posted, and the SEC temporarily halted the stock to be safe. Daloopa updates these KPIs and data points in your existing Excel models in one click, regardless of your source or format. This is Jesse Pujji, and today we are breaking down Fanatics. Owned by a Foundation and run as a non-profit entity, little is known about Rolex. I learned a ton through this conversation, and I think you will too. Robert Cantwell is the founder and CIO of Upholdings. Listeners are invited to try Visible Alpha for free by visiting visiblealpha.com/breakdowns. The team at Visible Alpha built a platform to analyze consensus data and financial metrics on over 6,000 public traded companies. Andrew has written extensively on Schwab, which we link to in our show notes. [00:47:54] - Is there a chance anyone could build a platform comparable to Adyen? The fund tracks the BYTE Index, which measures the performance of 40 leading global digital infrastructure businesses, such as towers and mobile communications, fiber and fixed line connectivity, and data centers. Our conversation focuses on a new concept, tokengated commerce, and how Shopify is building around this theme. Today, we are breaking down Anduril. from Morningstar. This is Jesse Pujji and today were breaking down McKinsey & Company, the worlds pre-eminent management consulting firm. Copyright 2022 AppleInc. Vechna prva vyhrazena. Diploma is a specialist distributor of medical equipment and industrial components listed in the UK. Alongside the four standalone majors, the PGA Tour is the pinnacle of professional golf.
This episode is brought to you in partnership with Roundhill Investments, the advisor to the Roundhill IO Digital Infrastructure ETF BYTE - which trades on the New York Stock Exchange under the ticker symbol BYTE. This episode is brought to you by Coinbase Prime. Follow us on Twitter: @JoinColossus | @patrick_oshag | @jspujji | @zbfuss, [00:02:41] - [First question] - The first risk taken when creating AppLovin and how it all began, [00:05:05] - Why was there pushback against games and adtech back in 2012, [00:07:12] - What it was like in the early days to get the app in front of a customer, [00:08:54] - Building a platform and software product versus becoming an advertising agency, [00:10:47] - The major components of AppLovin and how it works, [00:15:21] - The space or areas where most people interact with them and see their work, [00:16:26] - What he considers to be the next key chapters after AppLovins early days, [00:18:25] - How they determine strategy between the app developer side of the business and app ownership, [00:25:50] - How AppLovin interacts with Apple, Android, and the relationship between products, [00:27:11] - What hes learned about the importance of scale in advertising, [00:28:58] - The major breakout points in the business that led to where he is today, [00:30:22] - Their revenue model and it how it breaks between software and apps, [00:33:55] - The margins of gaming, its business proposition, and the future value of this side of the franchise, [00:35:18] - The taxonomy of apps today and how it has changed over time, [00:38:53] - His perspective on what defines great digital marketing today, [00:40:31] - Walking through the shifts in privacy, targeting, and data as technology changes, [00:43:13] - His thoughts on emerging platforms as competitive threats and/or opportunities, [00:44:58] - How theyve kept the business nimble and very product-focused on a corporate level, [00:46:53] - Their concept of meetings and how theyve learned to run them effectively, [00:48:37] - The big lessons learned over the years becoming a big capital allocator, [00:50:24] - The missing pieces in his strategic mission that he still wants to do in five years time, [00:51:42] - What hes learned from Facebook, Google, and game studios hes worked with, [00:54:32] - How he thinks about defensibility and power in the business as they evolve and grow, [00:57:19] - His philosophy on the maturity of the business and if theyd pay dividends in the future, [00:59:32] - How he has most improved in his career during his time with AppLovin, [01:02:03] - Questions that the worlds largest bear would ask him today, [01:03:18] - The most interesting trends happening around him in the digital space, [01:04:38] - What he has learned about treating software developers well as a customer, [01:06:04] - His thoughts on the eventual impact of Facebook and Google becoming competitors rather than the collaborators they are today. From the outside, investment banks like Goldman are black boxes of profits and the embodiment of Wall Street. To break down DuPont, we are joined by. Were serving more ads, getting a bigger feedback loop and were seeing [our] machine learning continue to improve without a necessity for our own games to be fueling the data.. Daloopa uses AI to find every KPI disclosed - from charts, to text, and even from footnotes of investor presentations. [00:04:22] - [First question] - What digital infrastructure means and how it came to be, [00:09:58] - The nuance of digital infrastructure and how big the addressable opportunity set is, [00:12:47] - How DigitalBridge became the company it is today, [00:19:06] - How he thinks about portioning the fee and value creation economics between shareholders and employees, [00:23:15] - The differences between their earlier funds and current funds from how the economics split within the team and owners, [00:25:53] - A look into their balance sheet today between funds and operating assets, [00:28:39] - How big the digital infrastructure space could be in the future from an IM standpoint, [00:30:41] - Their US and non-US opportunity set and how towers and mobile infrastructure compare and contrast across their verticals, [00:34:03] - How DigitalBridge professionals operate with portfolio companies and how they add value to them, [00:38:47] - Changes in standard growth and the slow downs in the Hyperscale or Telco side of the business, [00:40:37] - If Edge competes with their core assets and how it works across all of their portfolio companies, [00:42:21] - Where we are on the 5G rollout and how it touches their businesses, [00:43:39] - His view on building out Edge and data center capacity from a DigitalBridge standpoint, [00:45:35] - How the competitive environment and risk and return profiles have shifted, [00:46:33] - How inflation affects the business and how he manages lease renewal, [00:50:19] - If Elon Musk building Starlink is a threat or an opportunity, [00:52:12] - How DigitalBridge thinks about consumer facing digital infrastructure, [00:54:48] - What could happen to lead to their success and business evolution in the future, [00:56:28] - Two key lessons hed give as advice to someone looking to build and lead a company. But you are what you eat, and that applies to machine learning models, too. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes. Daloopa streamlines a major pain point for investors. We break down the unique dynamics of the Polish consumer, how Dino differentiates from its competitors, and Dino's founder of mystery Tomasz Biernacki. Its a business youre unlikely to be familiar with and, at first glance, may appear mundane. . We hope you enjoy this breakdown of Charles Schwab. To help break down Baytex, Im joined by oil and gas investor, Josh Young, of Bison Interests. Follow us on Twitter: @JoinColossus | @patrick_oshag | @jspujji | @zbfuss | @ReustleMatt, [00:03:38] - [First question] - Key products that define Duponts history and where their products show up in our everyday lives, [00:06:23] - The science that goes into developing their products and what being a speciality chemicals business looks like, [00:08:22] - Where theyre sourcing commodity chemicals from, [00:10:30] - The thought process that went into their merger with Dow in December 2015, [00:13:21] - Commodity chemicals versus speciality chemicals, [00:16:01] - The importance of patents and early products that first had them, [00:17:38] - How much effort is put into research and development today, [00:19:47] - Their economic model and profile and current businesses, [00:23:56] - How their EBITDA margins today compare to the business historically, [00:25:27] - Overview and duration of their merger supply agreements, [00:26:23] - The seasonality and customer base for a business like this, [00:27:52] - Producing on a per-order basis or on market speculation, [00:30:04] - How many of their chemicals are produced in their own manufacturing facilities, [00:31:00] - Stability and internal investment of their cash flow cycle, [00:32:28] - History of the Dupont family and key leadership changes, [00:34:24] - Thoughts on the bull case for Dupont that will put them back on the pedestal, [00:36:28] - The percentage of the market they represent today and their current competitors, [00:37:56] - Metrics used when valuing commodity and speciality chemical businesses, [00:40:03] - Prior regulatory fines and potential risks going forward, [00:46:44] - Key lessons for operators and investors from Duponts story.