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Conor Witt
@ckwitt3
Early stage fintech, supply chain, & commerce
@upper__90
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@nyc
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@uva
alum | views are my own
New York, NYconorwitt.substack.comJoined July 2014
1,528 Following
2,804 Followers

Conor Witt’s Tweets

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Conor Witt
@ckwitt3
I hosted a webinar on the state of digital banks - focusing on venture-backed challenger banks and traditional banks. Main focus is on revenue models, product strategy, incumbent bank response, competitive analysis, and funding trends Deck is attached
cbinsights.com
The State Of Challenger Banks - CB Insights Research
CB Insights Analyst Conor Witt walks through everything you need to know about challenger banking’s challenges and opportunities heading into 2021, as well as what the implications are for incumbent...
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Conor Witt
@ckwitt3
CSC generation profile: home retail rollup “We believe in growing digital, but that doesn’t mean that we don’t believe in the dealers, or that we don’t believe in stores. It’s quite the opposite,” he says. “They all need to exist in harmony.”
businessofhome.com
CSC Generation is a billion-dollar home brand. Why haven’t you heard of it?
The furniture industry—bless it—is not particularly known for high-stakes business drama. While hostile takeovers and Hail Mary mergers may be common enough...
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Conor Witt
@ckwitt3
Construction payments opportunity... -US generates ~$1.6T in US construction volume annually; 1.6T x 10-13 bps take rate = $1-2B tangible TAM for payments (~9x larger for global TAM) -1.7% of construction revenue spent on IT, of which 7-8% spent on application software
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Conor Witt
@ckwitt3
"Investors sank $2.5B into global creator economy startups last year, down 50% from 2021" -On Twitch, people streamed videos for 22B hours, slightly down YoY -The number of campaigns creators ran with advertisers rose 50% last year from 2021 bit.ly/3VFPy0A
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Conor Witt
@ckwitt3
"Retailers costs incl customer care, transportation, processing & liquidation = ~60% of sale price of a $50 item...while retailers capture most of the costs, money tied up in 15%-30% of sellable inventory on its way back into the system" is overlooked
wsj.com
A New Year’s Resolution for Stemming Retail’s Returns Tsunami
Online shopping habits combined with consumer-friendly policies have turned returns into a major business concern, cutting into profit margins and undermines inventory planning and forecasting.
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Conor Witt
@ckwitt3
Interesting move by Chime to try to add a new product & revenue driver beyond interchange through an EWA platform like Dailypay. Would also give Chime opportunity to push core bank account products through Dailypay's employer partners
theinformation.com
Chime Made Two Offers to Buy DailyPay, Topping Out at $2 Billion, but Was Spurned
Chime spent much of this year trying to buy paycheck-advance startup DailyPay, but both of its offers–including a $2 billion bid–were rejected, according to people with direct knowledge of the deal...
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Conor Witt
@ckwitt3
US online shoppers will return merchandise worth $279.03B this year, an 8.4% increase over last year, and well over double the $118.41B that shoppers returned in pre-pandemic 2019
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Conor Witt
@ckwitt3
"Last year kids ages 12-17 spent avg of $92/month online, >2x average from two years earlier ~50% of Roblox’s 60M DAUs are under 13 -Roblox’s revs up 6x in 3 years to $1.9B in 2021 —almost all of it from sales of Robux on.wsj.com/3PgQM0N
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Conor Witt
@ckwitt3
“Sin­gle-fam­ily, built-for-rent homes ac­count for 11% of all SFR con­struc­tion in the hous­ing mkt, vs 3% share that was typ­i­cal over last few decades…the sec­tor’s mar­ket share is on an up­swing and should rise to 15% in the com­ing quar­ters.” on.wsj.com/3XB0qie
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Conor Witt
@ckwitt3
Institutional LP market for emerging VCs.. “We lived through a Cambrian explosion of new funds....raising a fund was what law school is for aimless college kids. It seemed like a good idea and like it’d be fun—and it was fun as the market was going up.”
forbes.com
Emerging VCs Struggle To Raise Funds As Nervous Investors Park Their Money In Big-Name Firms
VC firms have raised a record $151 billion from their investors this year. But for newer VCs, many of who are from underrepresented groups, fundraising has become paradoxically harder.
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Conor Witt
@ckwitt3
GS Music in the Air report... -12% global streaming CAGR projections through 2030 -Platforms are undermonetizing. Streaming platform price hikes --> ARPU stabilization -Durable category amid macro headwinds that's less correlated to consumer spend
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Conor Witt Retweeted
Todd Wenning
@ToddWenning
Good interview with Nick Train. Enjoyed his thoughts on why appreciation of history is an important investing attribute, the value of semi-eternal brands, and how yoga can help you be a better investor and person.
open.spotify.com
Nick Train (Lindsell Train) - The Patient Optimist
Listen to this episode from Far From The Finishing Post on Spotify. Nick Train founded Lindsell Train, alongside Michael Lindsell, in 2000 and has generated outstanding returns by investing in a...
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Conor Witt
@ckwitt3
Great writeup, this quote feels very relevant right now "Don't do the thing so you can do the next thing. Act one needs to be value on its own otherwise there is no capital on the other side. If you do something, you have to get paid for it."
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yoni rechtman
@yrechtman
Super secret behind the scene notes from our annual meeting twitter.com/slow/status/15…
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Conor Witt
@ckwitt3
US BNPL metrics and looming regulations.. -5 major BNPL lenders originated ~180M loans, or $24.2B in '21 -Beauty/Apparel were 59% in '21, down from 80% in '19 -73% approval rate w/ 3.8% charge offs (2.9% in '20) -MDRs dropped 3.39% in '19 to 2.49% in '21 bit.ly/3M42Qk4
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