I have been thinking a lot lately about retail as everyone has. The reaction by off-line retailers has been to create or up their online presence to compete with potential new threats coming their way. If I hear the word omni-channel marketing from another retailer I think I am going… Continue Reading Retail Online Platforms – Vertical or Horizontal?
Howard Marks talks a lot about never knowing what the future holds but he is a big believer in working out where the hell we are currently. This is a simple concept that we should apply to all forms of investing. The starting point for analysis is to work out… Continue Reading BigTinCan (BTH) – Current Unit Economics
I read an interesting slide deck by OpenView Partners which made the statement that only 0.1% of SaaS companies have a chance of reaching $100m in Annualised recurring revenue (ARR) by year 5 of operations. The sample size given was 5,000 SaaS companies in America. That is not to say… Continue Reading Some VC Saas Rules applied to XRO, BIG and GSW
A point I failed to mention in my last post on Baby Bunting (BBN) Can store roll-out still work? was be wary of analysis that shows a comparison of the current PE multiple against a long term average. Especially in retail or any industry that is seeing its business model changing.… Continue Reading Retail Store rollout – Additional comments
Retail is tough. One thing that has previously worked in the model has been the ability to reinvest profits from existing stores and expand out a network of new stores. Walmart in the US was a great example. Bunnings has been able to build out a big box store network in… Continue Reading Baby Bunting (BBN) – Can store roll-out still work?