Things I read last week… (WB 8 Aug 2022)
Tom Blomfield on Monzo’s early growth.
“…bridge loans are a bridge to something else. Most commonly they are a bridge to a round of financing with new investors (outsiders). They can also be a bridge to the sale of the company. Occasionally, but not often, they can be a bridge to getting cash flow positive. If none of those things is going to happen in a relatively short period of time, then it is a bridge to nowhere…”
– AVC on bridge loans.
“Fabs are capital intense; fabless companies cannot free-ride the cyclicality like they once did. So fabs are effectively risk-sharing some of the cyclicality of their capital-intense businesses to the fabless and capital-light businesses”
A physical wiring diagram for the human immune system.
ESPN Introduces 'The World Excel Championships'. [YouTube]