Trung Phan

@TrungTPhan

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Write on business. Make dumb memes. Create with @workweekinc. Co-host @niapodcast. Bloomberg Opinion. Subscribe to my very free newsletter:

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Netflix is known for its cutthroat culture and willingness to pay top dollar for superstar talent. The approach -- first outlined in a famous 2009 slide deck -- is about managing people in creative industries (eg. media, tech) while scaling fast. These 7 slides explain it 🧵 t.co/wKaNWMnTa1

9 months ago

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Netflix now costs $15.49 a month. Based on a rigorous scenario analysis, NFLX would become the world’s 7th company worth $1T+ if it increased monthly subs to $69: t.co/WRzqGrK97z

9 months ago

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A lot of people on Twitter ask “Why is LinkedIn so cringe?” The answer is in the platform’s business model and what its algorithm incentivizes. I wrote about it here: t.co/aX2fh5s6IJ

9 months ago

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In 2004, Elon Musk and Jeff Bezos met for a meal to discuss space. It was one of their few in-person interactions. That conversation perfectly captures the different approaches they've taken to space (and why SpaceX has pulled ahead of Blue Origin). Here's the story 🧵 t.co/g1XtoheHeY

about 1 year ago

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Makes me feel a whole lot better about my unused Audible credits t.co/rR4m16Kp7C

about 1 year ago

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Apple’s first CEO was named — you can’t make this up — Michael Scott. When Apple went public in 1980, he owned 5.6% of the company ... compared to Steve Jobs (15.0%) and Steve Wozniak (7.9%) t.co/qbNkU53Wrl

about 1 year ago

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about 1 year ago

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In less than 2 years, Disney+ notched 104m subscribers and is prob worth $100B+ as a standalone entity. How did Disney build a Netflix competitor so fast? By acquiring a tech firm spun out from MLB (yes, Major League Baseball) for $2.6B. Here's the story 🧵 t.co/msgF1FRgSL

about 1 year ago

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Bjorn Kuipers refereed the Italy-England final. He is the world’s “richest referee”, worth ~$15m from his ownership of a Dutch grocery chain. It’s called Jumbo Supermarket and sponsored F1 superstar Max Verstappen! Legendary. t.co/SF6bD0s9hn

about 1 year ago

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China has roving KFC vending machines. I repeat, China has roving KFC vending machines. t.co/LwBKkmagBi

about 1 year ago

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In 1981, Absolut Vodka launched the longest-running ad campaign ever. The Swedish brand produced 2k ads over 25 years, all in the same format. Its success -- with help from Andy Warhol -- is a testament to simplicity and the persuasive power of repetition. Here's the story 🧵 t.co/nMky9TlS97

about 1 year ago

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Stumbled into maybe the greatest Spotify playlist ever t.co/ZTyqf8MrtX

about 1 year ago

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Jack Dorsey doesn’t use a laptop or tablet. All work done on the phone, to avoid distractions. Kinda baller. t.co/7eHaz86bST

about 1 year ago

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Time to create $100 billion in market value: Apple: 31 years Microsoft: 21 years Netflix: 20 years Amazon: 17 years Facebook: 8 years Google: 7 years Andy Jassy: 2 days

about 1 year ago

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1/ Amazon is well-known for its writing culture: ◻️ "Mock press releases / FAQs" for new product pitches ◻️ "6-page memos" instead of Powerpoint It force clear thinking and encodes a specific approach to innovation (especially for a post-Bezos world). Here's a breakdown 🧵

over 1 year ago

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Microsoft just reached $2T, pushing Steve Ballmer's net worth to $80B. Interestingly: when Ballmer joined MSFT in 1980, he was employee #30 and received ZERO equity. By its IPO in 1986, he owned 8% of MSFT. How did Ballmer get that stake? A contract quirk. Here's the story🧵 t.co/oX4fuzLE4V

over 1 year ago

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In 2001, Larry Page and Sergey Brin were looking to hire a CEO. They picked Eric Schmidt in part because they all hung out at Burning Man. Schmidt'd package: $250k base + $300k bonus + 6% of Google. He's now worth $24B. Lesson: It's not what you know, it's who you party with. t.co/sc72J4hiiH

over 1 year ago

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Huy Fong's Sriracha hit revenue of $150m+ a year...with no sales team, no trademark and $0 in ad spend. Its creator is Vietnamese-American David Tran, making the sauce's success a tale of immigrant hustle and a product that literally sells itself. Here's the story🧵 t.co/siEoK6UeLs

over 1 year ago

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When you go to a Vietnamese restaurant with your non-Vietnamese friends and order Vietnamese food food while speaking Vietnamese. t.co/atHz8WZ8bv

over 1 year ago

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In 1992, Southwest Airlines had the motto “Just Plane Smart”. Another aviation firm had the motto “Plane Smart”. The CEOs resolved the trademark dispute w/ an arm-wrestling match. Despite smoking a cig and rocking a headband, legendary Southwest CEO Herb Kelleher somehow lost. t.co/pmygoAFECi

over 1 year ago

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Found a glorious IMDB post: "movie scenes inspired by paintings". Here some great ones🧵 1/ Inception (inspired by "Penrose Stairs", M.C. Escher) t.co/x9oXIHJhqz

over 1 year ago

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The CGI in Steven Spielberg’s 1993 film Jurassic Park was so good, it convinced: • George Lucas to get started on the “Star Wars” prequels • Stanley Kubrick to invest in “A.I.” • Peter Jackson to make “Lord of the Rings” Lesson: Spielberg is responsible for Jar Jar Binks. t.co/Ed5jHfGIuM

over 1 year ago

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In 2018, Alex Cooper launched "Call Her Daddy" on Barstool with only $70k in guaranteed money. 3 years later, she closed a $60m deal with Spotify. Every creator should study her story. Fortunately, Dave Portnoy has laid it all out in 2 separate podcasts. Here's a breakdown 🧵 t.co/UfsT1OD27U

over 1 year ago

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Satya Nadella was just named Chairman of Microsft's Board. Since Nadella took over the CEO role from Steve Ballmer in Feb 2014, $MSFT has added more than $1.6T to its market cap. Even with the gains, his net worth is only $800m. Lesson: You don't get rich being an employee. t.co/luuvFXTsOA

over 1 year ago

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Alex Cooper's original "Call Her Daddy" deal with Barstool in 2018 was a base of $70k (+ ~5% of merch) She cleared $500k+ that year. Her new Spotify deal is $20m a year for 3 years. Damn! t.co/EJQcKw7ggu

over 1 year ago

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Cristiano Ronaldo told people to “drink water” instead of Coke at a presser. $KO is down. t.co/lOSOm4ubJb

over 1 year ago

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Salesforce Ventures is crushing late-stage investing: ◻️Monday: $75m @ IPO —> $10m+ gain on first-day pop ◻️Zoom: $100m @ IPO —> ~$300m exit (3x) ◻️Snowflake: $250m @ IPO, position is ~$750m (3x) ◻️ Auth0: $120m investment —> $408m w/ sale to Okta (3.4x)

over 1 year ago

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1/ Steve Jobs famously said innovation is "saying no to 1000 things" before you say yes. For more than a decade, Apple has used Pablo Picasso's Bull to drive home the lesson. Here's a breakdown 🧵 t.co/rynPMojvp7

over 1 year ago

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Pretty Wild. GameStop's CEO, CFO and CSO are all now former Amazon execs. $GME IS A TECH COMPANY! t.co/mgFUgdxmIb

over 1 year ago

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Fred Franzia is behind Trader Joe’s “Two Buck Chuck”. The brand has sold 1B+ bottles and does $500m a yr. He bought the winery from Charles Shaw (a Stanford grad) for $27k. “We buy wineries from guys from Stanford who go bankrupt,” he said. “Some real dumb-asses from there.” 😂 t.co/dYXLH4ykLm

over 1 year ago

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The Wall Street Bets due diligence on Wendy’s is gold. The catalysts are: ◻️ The release of a new summer salad ◻️ The @Wendys Twitter account, which has mastered “meta pragmatic roasting” (which is effective with younger people) ◻️ The fact it literally sells chicken tendies t.co/nme71aK0J6

over 1 year ago

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If you need to know how savvy Mayweather is as a business person, watch this. He literally knocks Paul out but holds him up to extend the fight and increase the odds of a rematch PPV payday LOL t.co/ClVbeg7I8g

over 1 year ago

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0/ A Redditor digs into the career of AMC's CEO Adam Aron @CEOAdam, who has an impressive track record of turning companies around (it's also a hysterically-written business bio). Here's the story 🧵 t.co/FviIKqZwFh

over 1 year ago

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Apple wearables (Watch, AirPods) is on pace for $30B in 2021. That would rank 100th for sales on the Fortune 500, behind Tesla ($32B) and ahead of Netflix ($25B). Here are 5 keys to wearables success: t.co/jgSBijEsZM

over 1 year ago

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"You miss 100% of the shots you don't take" t.co/NFXhMCjWwo

over 1 year ago

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1/ Amazon's $8B+ deal for MGM strengthens Prime, its subscription bundle with 200m+ users and revenue of $20B+. Prime is now a staple in our lives but was a total Hail Mary when it launched in Feb 2005. Incredibly, Bezos & Co. created it in a 6-week sprint. Here's the story 🧵

over 1 year ago

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Japanese design firm is pitching "dual-level cabins" to improve economy class flights. Kinda love it. t.co/aShC9ooklC

over 1 year ago

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One reason Vitalik created ETH: he learnt the dangers of centralization after World of Warcraft took away his wizard’s powers. If the game maker (Blizzard) let him be, *it* could have created ETH instead. Now, ETH ($300B) is 4x $ATVI ($75B) Lesson: The customer is always right t.co/dLwzVQQlFS

over 1 year ago

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How does Apple do M&A deals? t.co/R18Wi9Ydk6

over 1 year ago

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A meta-threads of my top threads (that will make you smarter) sprinkled in with memes (that will make you dumber)🧵

over 1 year ago

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In 1958, Warren Buffett spent $31,500 to buy a modest home (where he still lives). If he slept in the street and put all that money into Berkshire Hathaway — when he fully took it over in 1964 — it would now be worth $882,000,000. Lesson: Don’t buy real estate. t.co/shsA9Rp4AF

over 1 year ago

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One of the most interesting leaked Sony emails from 2014: Snap CEO Evan Spiegel and Sony CEO Michael Lyndon. Spiegel was only 23yo, writing crazy insightful notes on markets and valuation: t.co/Y0sRTJ4Sdj

over 1 year ago

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1/ Brex raised new funding at a $7.4B valuation. Interestingly, the corporate card startup launched in 2018 with a very successful $300k out-of-home (OOH) ad campaign. Here's a breakdown of Brex's OOH strategy 🧵 t.co/gw8n4cP7oh

over 1 year ago

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