This Week on Trends with Friends (December 8, 2024)
Welcome Friends,
Here’s an assortment of posts shared this week on Trends with Friends. Let’s dive in…
SOCIAL LEVERAGE SATURDAY’S
Howard Lindzon shares updates about Social Leverage’s portfolio companies and SPVs from recent years in his new series — Social Leverage Saturday’s,
Since our fund 4 Grass League tournament was held last night I will start with them. It was a fantastic tournament/event that went to sudden death. A 50 foot walk-off putt sealed the win for the Tampa Bay Swamp Dogs. The coolest part of this tournament is the open nature. LPGA pro Alison Lee and her boyfriend Trey Kid made the playoff. The tournament highlights how perverse the PGA overlords have been. LPGA players are allowed to play in events as long as there is no LPGA event overlap. PGA members (this includes thousands of members that are not even active players) are threatened by the PGA if they attempt to play in non PGA events. Phil Mickelson chimed in on the PGA actions of the past week here.
This is a clear violation of independent contract law. I’m so sorry these professionals are continuing to be blackmailed by the Tour. It’s not right and is in fact illegal.
— Phil Mickelson (@PhilMickelson)
1:27 AM • Dec 6, 2024
The highlights from our tournament from The Golf Channel and Peacock are here.
Next…from the way back machine of Social Leverage, Etoro is working on an IPO with the help of Goldman Sachs. We made this investment back in 2011 via an SPV before our first fund in 2013.
At Stocktwits (fund 2), we have expanded into premium video beyond ‘Trends With Friends’ with many new live shows and a documentary release. If you follow me here you know how I am a huge believer in real time 2.0 so expect much more from us here.
Fund 3 portfolio company Alpaca had a huge announcement this week successfully transitioning to self-clearing at DTCC…
TWO TAKES ON TECH
Larry Thompson provides two takes on technology. He writes,
Take Technology, for example. The largest sector of the S&P 500, making up roughly a third of the index, hit new all-time highs (ATHs) this week.
But, believe it or not, there’s more than one way to look at this—thanks to data and humans interpreting it the way they want to see it.
The Bears might say: “Semiconductors haven’t confirmed the new highs, and look to be building a top on an absolute and relative basis ….. I remain cautious.”
The Bulls might counter: “This is just intra-sector rotation from semiconductors into software. Rotation is the lifeblood of a bull market.”
So, who’s right?
In truth, the data is just the data – how you interpret it and act on it is what matters.
THIS WEEK IN AI
Michael Parekh reviews Amazon’s latest AI updates, OpenAI’s “12 Days of AI Shipmas, neoclouds and more in this week’s AI Summary.
CRYPTO MARKET UPDATE
Joe McCann published his latest Crypto Market Update. This month, McCann looks ahead at the next era of crypto innovation and investment. He shares his Outlook for 2025,
Looking ahead, 2025 is poised to be a transformative year for Crypto VC. The maturation of blockchain technologies and clearer regulatory frameworks are expected to foster a more stable investment climate. The anticipated Bitcoin halving event in April 2024 will likely influence market dynamics, potentially driving up prices and attracting further investment.
Additionally, the continued integration of AI into blockchain applications is expected to yield innovative solutions, provided that investments are directed toward projects with demonstrable utility. The focus will likely, and should, shift towards sustainable growth, with VCs prioritizing ventures that offer real-world applications and long-term viability.
As we move into 2025, we anticipate the space emphasizing strategic investments, regulatory clarity, and the responsible integration of emerging technologies to drive the next wave of innovation in the crypto space.
WALKING IN NATURE
Tadas Viskanta curated podcast links to accompany a walk in nature. Here’s a sneak peek…
TRENDS WITH NO FRIENDS
Trends With No Friends sifts through the noise and discovers stocks above $1B market cap with high relative strength and low social following.
The publication shares 52-Week Highs and Lows sorted by followers on Stocktwits.
Why is high relative strength and low social following important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low social following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Social Following can really outperform as more investors discover them.
This week, Trends with No Friends featured…
Solaris Energy Infrastructure ($SEI), Procore Technologies ($PCOR), Intapp ($INTA), CeriBell ($CBLL), Energizer Holdings ($ENR) and more.
THIS WEEK’S EPISODE
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And in case you missed it… Howard Lindzon, Michael Parekh, JC Parets and Phil Pearlman are joined by Anthony Pompliano and Armando Gonzalez to discuss Bitcoin vs. Bonds, AI in energy, meme culture, attention and more the latest episode of Trends with Friends.
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