Agile VC

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Small Tablets Are Further Atomizing Ubiquitous Computing

Agile VC

Low Cost = Broader Entry Point - We’re >5 years into the smartphone adoption cycle (more than that if you want to count Blackberries and Treos) and barely 2 years into the tablet adoption cycle. A small tablet on the other hand is convenient and useful for a much longer (e.g.

Mobile 140
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Lyft S-1: Kicking Off the Decacorn Bonanza of 2019

Agile VC

Lyft’s Biggest Cost “Driver” Isn’t the Driver. But given they’re essentially recognizing “net revenue”, Lyft’s cost of goods (COGS, aka cost of revenue in S-1) is composed primarily of insurance, credit card processing fees, and software/tech hosting costs. Insurance is far and away the largest cost driver.

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Groupon's S-1: From Zero to Like? Billions in 30 Months ? AGILEVC

Agile VC

The latter typically excludes taxes and non-cash expenses like taxes, depreciation, stock option compensation, etc… Groupon’s Adjusted CSOI is exactly the same but also excludes customer acquisition costs (though these are reported elsewhere). In Q1 2011 Groupon was acquiring new subscribers for $5.53

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What If Self-Driving Cars Actually Increase Car Ownership?

Agile VC

One of the main benefits of self-driving cars will be to reduce the opportunity cost of driving. The opportunity cost of driving a few hours on the weekend to visit friends or go hiking or “get away” however you like changes radically. But what if self-driving, autonomous cars actually increase car ownership?

Framework 133
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Chewy S-1: Category Leadership + Conveyor Belt Into Consumers’ Homes

Agile VC

Chewy cost of goods (COGS) includes both the underlying cost of the products sold but also some fulfillment related expenses like freight and packaging. There can be genuine philosophical or accounting differences in how different costs are allocated, but generally I strive to think about a true “fully loaded” contribution margin.

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The Road to Autonomous Vehicles & Our Investment in Optimus Ride

Agile VC

The end goal is both tantalizing and simple – autonomous vehicles transporting people and goods with vastly greater safety and efficiency (energy costs & externalities, human time, urban infrastructure, etc).

Cofounder 100
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Cliff Notes S-1: Kayak ? AGILEVC

Agile VC

Obviously most of these employees are working hard primarily for equity upside compensation, but Kayak’s personnel costs are roughly $200K/head so the company is highly productive on a per employee basis. Pre-IPO Funding History: Kayak has raised approximately $235M in VC funding to date.