Latest Posts

Intensity Delta

There is a common saying in investing that it is not enough to be right; you need to be contrarian *and* right. Have a consensus opinion, even if it ends up being right, supposedly means that the asset is efficiently priced and excess profits are arbitraged away. I disagree...

Continue reading →

BackBlaze's Customer Analytics

BackBlaze, a cloud storage company for individuals and enterprises that has 480k customers and generated $53.8M in revenue last year, recently filed its S-1 to go public. A deep dive into its customer analytics.

Continue reading →

Unity's IPO: What are the customer analytics of a game engine?

Unity Software Inc. recently filed its S-1 in advance of going public in the near term. Unity is the maker of a real-time 3D game engine that powers many 3D games and other content across numerous sectors. In this post, I focus on an under-discussed part of its IPO disclosure: its customer analytics.

Continue reading →