"Company Breakdowns"

Today we’re sharing an episode of The Riff podcast where Erik Torenberg and writer- investor Byrne Hobart discuss the future of AI & education, analyze several companies including Stripe's shift towards unbundling, and the possibility of 24-hour markets. Subscribe to this season of Company Breakdowns for analysis of Reddit, Databricks, and more! Subscribe to Company Breakdowns' newsletter: https://company-breakdowns.beehiiv.com/ Company Breakdowns is a part of the Turpentine podcast network. Learn more: www.turpentine.co -- SPONSOR: BRAVE The tech world turns to the Brave browser for a private ad platform that respects user privacy. Brave Ads offers first-party targeting, and it’s been cookieless since day one. Join the future of advertising at https://brave.com/ads. Mention “Turpentine” when signing up for a 25% discount on your first campaign. -- LINKS: “The Riff” podcast:  YouTube: https://www.youtube.com/@TheRiffPodcast Spotify: https://open.spotify.com/show/6rANlV54GCARLgMOtpkzKt Apple: https://podcasts.apple.com/us/podcast/the-riff-with-byrne-hobart-and-erik-torenberg/id1716646486 -- FOLLOW ON X: @eriktorenberg (Erik) @ByrneHobart @turpentinemedia (Turpentine) – TIMESTAMPS: (00:00) Intro (01:05) AI's Impact on Education (03:33) AI in Self-Directed Learning (06:22) Tech-Enabled Education and Its Challenges (14:40) Byrne’s Take on Kids and Schooling (17:46) Sponsor: Brave (18:48) Meta's AI and Social Media Strategy (22:46) Meta's Financial Strategy and the Metaverse (27:03) Meta's AI Strategy and Its Competitors (30:46) Microsoft's AI Strategy (30:52) The Android vs. Apple Analogy (31:41) Google's Commercial Leverage (32:11) The Importance of Data in AI (33:09) Meta's Open Source Dilemma (33:58) Microsoft's Data Privacy Concerns (34:16) The Uncertainty in AI's Future (34:47) The Role of Ads in Business Models (36:40) Amazon and Grocery Store Economics (41:11) The Future of Email Ad Networks (43:17) Investment Strategies and Market Dynamics (47:42) China's Economic Challenges (50:19) Stripe's Business Evolution (54:37) 24-Hour Stock Markets (59:04) Wrap

In this episode of Company Breakdowns, we're publishing an episode from CJ Gustafson's “Run the Numbers” podcast, where he interviews Lee Kirkpatrick, former CFO of Twilio who was at the helm during their highly publicized 2016 IPO. Get an exclusive look inside Twilio's IPO journey, the strategy behind their IPO, and discover the key elements for building a tech company that led to their market dominance. Subscribe to this season of Company Breakdowns for analysis of Reddit, Databricks, and more! Subscribe to Company Breakdowns' newsletter: https://company-breakdowns.beehiiv.com/ Company Breakdowns is a part of the Turpentine podcast network. Learn more: www.turpentine.co -- SPONSOR: The tech world turns to the Brave browser for a private ad platform that respects user privacy. Brave Ads offers first-party targeting, and it’s been cookieless since day one. Join the future of advertising at https://brave.com/ads. Mention “Turpentine” when signing up for a 25% discount on your first campaign. -- LINKS: Twilio: https://www.twilio.com/en-us Run the Numbers podcast:  YouTube: https://www.youtube.com/channel/UCv8fsAhOJKLDxyx2lkNS_Og Spotify: https://open.spotify.com/show/0zQCkklNnVgMD364kCW5SV Apple: https://podcasts.apple.com/us/podcast/run-the-numbers/id1723787140 -- FOLLOW ON X: @eriktorenberg (Erik) @LeeKirkpatrick @turpentinemedia (Turpentine) -- TIMESTAMPS: (00:00) Intro (00:18) Behind Twilio's IPO with Lee Kirkpatrick (02:11) The Journey to Twilio's IPO: Preparation and Strategy (03:42) Twilio's Unique Business Model and Market Position (05:52) Navigating the IPO Process: Challenges and Strategies (09:11) The Big Day: Twilio Goes Public Amidst Brexit Vote (15:05) Post-IPO Reflections: Pricing, Branding, and Investor Relations (19:01) Sponsor: Brave (20:03) Choosing the Right Bankers and Building Investor Relationships (23:53) The Reality of IPO Roadshows and Investor Behavior (25:12) Inside the Intense 8-Day IPO Roadshow Journey (30:16) Mastering the Earnings Call as a Public Company CFO (36:30) The Qualities That Distinguish a Great CFO (37:49) Learning from Mistakes: A CFO's Reflections (41:20) The Craziest Expense Report Story (42:51) Wrap

In this episode of 'Company Breakdowns', Drew Cohen from Speedwell Research joins Erik to delve into the intricacies of Copart's business, a leading tech company in the salvage vehicle marketplace. Dive into Copart's impressive financial performance, including high ROIC, consistent growth, and a strong balance sheet. Subscribe to this season of Company Breakdowns for analysis of Reddit, Databricks, and more! Subscribe to Company Breakdowns' newsletter: https://company-breakdowns.beehiiv.com/ Company Breakdowns is a part of the Turpentine podcast network. Learn more: www.turpentine.co -- SPONSOR: The tech world turns to the Brave browser for a private ad platform that respects user privacy. Brave Ads offers first-party targeting, and it’s been cookieless since day one. Join the future of advertising at https://brave.com/ads. Mention “Turpentine” when signing up for a 25% discount on your first campaign. -- LINKS: Newsletter:  https://www.speedwellmemos.com/ The Synopsis Podcast: Spotify: https://open.spotify.com/show/3lGqHRKHd7t5LIpKc8f7Li -- FOLLOW ON X: @eriktorenberg (Erik) @Speedwell_LLC @turpentinemedia (Turpentine) -- TIMESTAMPS: (00:00) Intro  (00:28) Drew Cohen and Speedwell Research (03:03) Unpacking Copart's Business Model and Market Position (06:58) The Founding Story of Copart and Its Evolution (14:59) Strategic Growth and Capital Allocation at Copart (17:11) Sponsor: Brave (20:38) Aligning Business Models with Incentives for Success (26:08) Coping with Catastrophes: Copart's Operational Excellence (29:48) Diversification Beyond North America and Salvage (32:18) International Expansion: Challenges and Opportunities (39:04) The Complexities of Entering the Salvage Vehicle Market (43:33) The Future of Copart in the Age of Autonomous Vehicles (46:53) Financial Insights and Copart's Business Model (49:59) Weighing the Bull and Bear Cases for Copart (55:40) Final Thoughts and the Price Valuation Discussion (57:01) Wrap

In this episode of 'Company Breakdowns', Alex Clayton from Meritech Capital joins Erik to discuss Klaviyo's remarkable journey from bootstrapped startup to market leader, achieving nearly $700 million in ARR with impressive capital efficiency. Gain valuable insights into what sets Klaviyo apart in the competitive tech landscape. Subscribe to Company Breakdowns' newsletter: https://company-breakdowns.beehiiv.com/ Company Breakdowns is a part of the Turpentine podcast network. Learn more: www.turpentine.co -- SPONSOR: The tech world turns to the Brave browser for a private ad platform that respects user privacy. Brave Ads offers first-party targeting, and it’s been cookieless since day one. Join the future of advertising at https://brave.com/ads. Mention “Turpentine” when signing up for a 25% discount on your first campaign. -- LINKS: Meritech Capital: https://www.meritechcapital.com/ -- TIMESTAMPS (00:00) Intro (00:57) Klaviyo's Business Model and Market Position (04:05) The Shopify Ecosystem and Klaviyo's Strategic Position (05:48) Comparing Klaviyo and Braze: Different Strategies for Different Segments (09:45) Investment Perspectives and the Future of Klaviyo (12:03) Sponsor: Brave (13:19) How Big Can Klaviyo Get? (18:37) Understanding Software Business Metrics and Klaviyo's Financials (25:09) Exploring Klaviyo's Market Penetration and Growth Potential (30:53) Risks and Bull Case for Klaviyo's Future (35:58) PLG vs. Sales-Led Growth Strategies in Tech (37:58) Wrap

This episode of 'Company Breakdowns' features a deep dive into Reddit's S-1, business strategies, user engagement, and potential monetization avenues. Tanay Jaipuria of Wing Venture Capital joins Erik Torenberg to explore Reddit's journey to IPO, its unique position as a global community platform, its exploration into data licensing, and its ad-based revenue model's intricacies compared with other social media giants. Subscribe to Company Breakdowns' newsletter: https://company-breakdowns.beehiiv.com/ Company Breakdowns is a part of the Turpentine podcast network. Learn more: www.turpentine.co -- SPONSOR: The tech world turns to the Brave browser for a private ad platform that respects user privacy. Brave Ads offers first-party targeting, and it’s been cookieless since day one. Join the future of advertising at https://brave.com/ads. Mention “Turpentine” when signing up for a 25% discount on your first campaign. -- LINKS: Tanay's Newsletter: https://www.tanayj.com/ Wing Venture Capital: https://www.wing.vc/ -- TIMESTAMPS: (00:00) Intro (03:21) What Reddit Got Right (07:42) Reddit's Unique User Base (11:48) The Future of Reddit: AI, Data Licensing, and Potential Growth (20:14) Sponsor: Brave (20:51) Reddit's Journey to IPO and Its Market Dynamics (24:29) Creating Valuable Data (28:29) Bull Case and Bear Case for Reddit (31:19) Improvements for Reddit (34:04) Unpacking Reddit's R&D and Efficiency Opportunities (38:15) Competition and Risks (43:36) WallStreetBets and Meme Stock (46:10) Reflecting on Reddit's Long-Term Journey and Impact (48:38) Wrap

In the debut episode of Company Breakdowns, Erik Torenberg invites CJ Gustafson to dissect Rubrik's strategy in advance of its IPO on the NYSE on April 24, 2024. Rubrik, initially a backup and recovery firm, transitioned to a cloud-based subscription model, expanding its market reach and cybersecurity focus. The discussion covers Rubrik's funding, valuation, sales strategies, competitive landscape, and the challenges of subscription models, concluding with insights on IPO implications and the importance of innovation and market positioning for tech companies. Subscribe to this season of Company Breakdowns for analysis of Reddit, Databricks, and more! Subscribe to Company Breakdowns' newsletter: https://company-breakdowns.beehiiv.com/ Company Breakdowns is a part of the Turpentine podcast network. Learn more: www.turpentine.co -- SPONSOR: The tech world turns to the Brave browser for a private ad platform that respects user privacy. Brave Ads offers first-party targeting, and it’s been cookieless since day one. Join the future of advertising at https://brave.com/ads. Mention “Turpentine” when signing up for a 25% discount on your first campaign. -- LINKS: Mostly Metrics, Rubrik IPO: S-1 Breakdown https://www.mostlymetrics.com/p/rubrik-ipo-s1-breakdown Mostly Metrics, Is Net Promoter Score the Ozempic of Metrics? https://www.mostlymetrics.com/p/is-net-promoter-score-the-ozempic -- TIMESTAMPS: (00:00) Intro (00:41) Rubrik's Evolution (02:20) The Strategic Shift: Cloud and Cybersecurity Expansion (05:13) Dissecting Rubrik's Sales Strategy and Market Competition (11:19) Exploring Rubrik's Revenue Model and Subscription Shift (15:27) Rubrik's Impressive Growth Metrics and Future Prospects (17:28) Sponsor: Brave | Turpentine (19:14) The Role of R&D in Rubrik's Competitive Edge (20:57) Decoding the Financials: Sales, Marketing, and Sustainability (22:06) The IPO Strategy: Navigating Public Markets (24:12) Evaluating the S-1 (27:25) The Bull and Bear Case for Rubrik (30:31) Valuation Insights and Understanding the Numbers (33:31) Expanding Horizons: Global Growth and Customer Insights (34:58) NPS is the Ozempic of Metrics (37:55) IPO (39:48) Wrap