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May 05, 2021 Sign Up
Five articles every week, hand selected by the Flashpoint Investment Team, to make you smarter in the world of tech investments.
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How does Apple acquire companies and how do they price them? There is a German Billionaire who made a lot of cash on Psychedelics. We are also looking at how to do cap tables properly, learn about the hottest commodity right now (not gold!) and look at different home office setups around the world.   

Let's jump into it!

#1 HOW APPLE DOES M&A

Last week Apple reported another blowout quarter with sales up 54% YoY, which is crazy given that the company made $89.6bn in revenues. Along with these numbers it is also interesting how Apple uses M&A to build products. Apple's strategy is to buy small companies pricing them on the number of engineers they have, regardless of revenues and traction.  

#2 BILLIONAIRE TOOK PSYCHEDELICS, GOT INTO BITCOIN & SPACS

German investor Christian Angermayer has made a fortune on the risky and faddish. His portfolio includes crypto, weed and space travel. “I just invest in what I’m very curious and passionate about,” Angermayer said in a Zoom interview early last month from his home office in London -- an ancient statue of Hecate, the Greek goddess of witchcraft, in the background. “It excites me.” Read about the eccentric billionaire here and an interview here.  

#3 ON CAP TABLES

Cap tables are sometimes a source of misunderstanding. Sometimes the math is incorrect, but more often than not, the error lie in human perception. Always ask for a pro forma cap table in every financing round. Never rely on a third party to run your cap table. Clarify any ambiguities. Misunderstandings of terms are far more common than mistakes of math. 

#4 THE HOTTEST COMMODITY

Bitcoin? Blasé. Gold? Going out of style. “The hottest commodity on the planet,” according to Dustin Jalbert, an economist at the market-research firm Fastmarkets, is lumber. From 2015 to 2019, lumber traded at $381 for 1,000 board feet, according to Fastmarkets. This month, it reached an all-time high of $1,104 for the same amount.

#5 A YEAR OF LOCKDOWNS

In 2020, life changed. Lockdown measures and stay-at-home orders prompted companies around the world to abruptly close their offices and shift to remote working.  While it might seem as if most people spent the past year staring at a Zoom screen, perfecting the ideal at-home lunch, or finding a quiet place to take phone calls, no two work-from-home situations are exactly alike.
That's it for this week. If you enjoyed this newsletter, forward it to a friend. If you are a startup with a founder from Central or Eastern Europe or Israel looking for financing, whether it is Seed, Series A or later, have a chat with our bot and we will get in touch!
 
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