Chetan Chawla

@ChetanChawla

| mba |phd ↔️ |||| RT=🤔≠❤️| entitled to 0, ∞ grateful | fallibilist

chetanchawla.com
Joined March 2009
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  1. Retweeted
    Mar 4

    Did you know 57% of all Federal Gov’t spending over the last 12 months was unfunded, i.e. deficit spending? Well, it’s true. And that percentage is growing quickly. On the current trajectory it could be 80% in 5 years. Why not make it 100% and be done with taxes altogether?

    204 replies 634 retweets 3,669 likes
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  2. Mar 1

    “about 1 per cent of companies accounted for all of the global net wealth creation. The other 99 per cent of companies were a distraction to the task of making money.” - Hendrik Bessembinder

    Goldman was once offered 50% of Alibaba for $5m. It went for a $3m investment instead. Sold out for $22m after 5 years. That stake would be worth c$200bn now. Roughly 70% compound annual return for over 20 years. Goldman is worth $110bn. (from previous retweet of )
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    1 like
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  3. Retweeted
    Feb 28

    The fundamental asymmetry of this website & the pandemic in general: Folks who push fearful, excessively conservative messaging are always vindicated even when they are wrong, but not vice versa 👇👇👇👇👇👇👇 A recipe for bad policy & poor dialog

    28 replies 94 retweets 462 likes
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  4. Retweeted
    Feb 28

    Still gets me fired up...

    0:45
    Replying to @BleacherReport @TomBrady
    Pick No. 199 getting fired up while hearing his draft scouting report. (via )
    1,587 replies 11,409 retweets 132,761 likes
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  5. Feb 27

    21st century Ty Warner is probably just getting started in

    2000: "Buy all the beanie babies, they're going to be collectibles, worth millions someday" 2021: "A Nyan Cat digital art piece just sold for $600k"
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  6. Retweeted
    Feb 27

    Entrepreneurship is full of tensions. I call this The Innovator’s Duality: - naively optimistic YET product realist - visionary AND incremental - focused YET ambitious - passionate YET measured - cares about customers AND ignores detractors What else?

    44 replies 107 retweets 873 likes
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  7. Retweeted
    Feb 27

    Declining institutions have poor products but retain strong legacy distribution, like Oracle. To replace them it’s not sufficient to merely build something better; you also need a plan to build better distribution in both quantity and quality terms.

    27 replies 76 retweets 732 likes
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  8. Retweeted
    Feb 25

    Large funding rounds are cool and all but have you tried having a profitable business?

    95 replies 365 retweets 3,221 likes
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  9. Retweeted
    Feb 22

    "40% of the top 1500 companies in the S&P cannot cover interest payments with their EBITDA." -Mark Yusko [Ponder this for a moment. A real debt bomb is inevitable w/o bail outs.]

    11 replies 37 retweets 171 likes
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  10. Feb 21

    “The 2020s will be a historically unique period in which industrial wealth is created and destroyed at an accelerating rate.” - of Worm Capital

    Nice story of a guy who focuses on where the puck is going. I remember reading a piece Arne wrote on AWS in ~ 2013 or so. I like the golf cart reference. It’s a point my dad always make on the golf course. Who doesn’t prefer electric carts vs gas?!
    1 like
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  11. Retweeted
    Feb 20

    Long boring businesses + boring founders.

    Every investment I’ve made in startups led by founders who post exotic travel and night clubs on their Instagram story has gone to $0.
    5 replies 16 retweets 250 likes
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  12. Feb 17

    Very candid post on Corporations Vs. & incentives: “in a start-up there is complete alignment between the product, the company & the brand....In a Corporation, the employee alignment is to the Corporations brand, not to the product (i.e. Google, not Gmail)...”

    It's been two week since I left Google and I keep getting asked “why did I leave now”? I think the better question is “why did I stay for so long”? When Waze was acquired by Google, most of the people who know me did not believe I would las... 280/16,532
    1 like
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  13. Retweeted
    Feb 16

    The (generally) forward march of progress: 50 years of GDP per capita and life expectancy, by country and by continent. Data from

    2 replies 26 retweets 104 likes
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  14. Retweeted
    Feb 14

    This comment from Tukey (1986, ) should be read out in the first 10 minutes of every statistics class, and at 20-minute intervals thereafter.

    54 replies 1,356 retweets 5,210 likes
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  15. Retweeted
    Feb 15

    Farmers, journalists, activists & minority communities across India need our support. I'm proud to join more than 40 South Asian civil & human rights lawyers in the U.S. calling on Pres. Biden, Congress, State Dep't & others to intervene.

    69 replies 569 retweets 1,093 likes
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  16. Retweeted
    Feb 15

    Banning crypto would be a reversal of economic liberalization in many ways. It would basically be banning the financial internet from entering the country. It’d be a trillion dollar mistake for India. And there are cheaper ways of achieving the desired goals.

    Former Coinbase CTO tells @pratikbhakta89 that if India bans crypto currencies, it would not only lose out on a significant financial opportunity (trillion dollars!) but also see a flight of people to places that allow it
    Show this thread
    53 replies 249 retweets 1,136 likes
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  17. Feb 14

    Free capital for narratives 👇🏽

    $1b convert this week was brilliant - upsized from $600m - 0% coupon - 65% premium and 150% call spread means no dilution unless stock >$362 💪🏻 As close to free growth capital as it gets! Convert market is wide open for growth tech co’s
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  18. Feb 14

    It only works to invest in things you understand. But this rule applies to other people too. So a reliable recipe for succeeding at investing is to understand something most other people don't.
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  19. Retweeted
    Feb 13

    A typical essay by Scott Alexander is deeper, better reasoned, better referenced, more original, and wittier than 99% of the opinion pieces in MSM. It's sad that the NYT can see him only through the lens of their standard political & cultural obsessions.

    1 reply 485 retweets 4,009 likes
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  20. Retweeted
    Feb 13

    One frame for why companies like Stripe, Plaid and Twilio are valuable: they reduced the permissioned nature of traditional banking and telco networks by an order of magnitude. Also why the cost of bad regulation is impossible to measure: all the innovations that never happened.

    8 retweets 91 likes
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