The start of this newsletter reminds me of an accounting professor I had who said on our first day of class, "if you are a good student, by the end of the semester you will know how to commit fraud."
Great article & solid memes. Wouldn't it often be simpler to just provide raw, as-incurred numbers and let analysts handle the rest? Capitalization makes projections easier on a longer time horizon via smoothing but it also gives growth-stage companies plenty of levers to boost optics (and the temptation that comes with it).
The start of this newsletter reminds me of an accounting professor I had who said on our first day of class, "if you are a good student, by the end of the semester you will know how to commit fraud."
Sounds like a fun class :)
I like the ARR Meme :)
Me too haha
A lot of thinking outside the box and details I'm not familiar with here, fascinating insights.
Same for me! I loved the issue. Thanks Michael
Great to see you both partner!
Thanks for the great compilation of areas to pay attention too!
That was the main intent :)…hopefully not to commit fraud or trick investors
🙌🏻
Glad you enjoyed it Ben! I have be reading your stuff for a while now
Great article & solid memes. Wouldn't it often be simpler to just provide raw, as-incurred numbers and let analysts handle the rest? Capitalization makes projections easier on a longer time horizon via smoothing but it also gives growth-stage companies plenty of levers to boost optics (and the temptation that comes with it).