Business and investment ideas

Business and investment ideas worth testing against a real company.

• Company insightGrowth and business modelsLetter located

  Forgo the revenue you could capture if the platform grows more by letting others earn it

  A platform that lets others earn on it grows faster than one that captures every dollar; the forgone revenue is the investment.

  Platform strategy, take-rate questions, and any marketplace where the company could raise its share of the transaction.

  From Shopify's 2015 IPO letter from Tobi Lütke · Tobi Lütke

• FrameworkInvestingBook

  Low risk and high uncertainty are not the same thing

  Look for situations where the range of outcomes is wide but the chance of permanent loss is small, because the market prices both as risk.

  Idea generation, special situations, and any pitch where the obvious objection is that the outcome is unknowable.

  From The Dhandho Investor · Mohnish Pabrai