Dave Lee on Investing

Jordan O’Connor is founder of Closet Tools, a web app helping sellers on Poshmark save time and sell more. I discuss his journey from large student loans and debt to building skills by helping others and then turning those skills into a business that has over $40k revenue per month.

Jordon O’Connor on Twitter: https://twitter.com/jdnoc

https://jdnoc.com

Timestamps

00:00 - Introduction

1:00 - Closet Tools financials

3:36 - What is Closet Tools and how does it work with Poshmark?

13:15 - How is Poshmark doing? What’s it’s unique value proposition?

16:45 - Jordon’s background

20:05 - College debt

24:04 - When did you think you need to build some skills and raise your income?

28:50 - How important is solving a real problem in learning a new skill?

32:50 - Offering it for free at first

36:25 - How did you find the time for your side hustle?

41:57 - What was motivating you?

47:00 - What’s your student debt now?

48:45 - “I’ll never be poor again.”

56:00 - What was the way out?

58:05 - How did you get impacted by the indie hacker community?

1:03:50 - 5 years from now, will opportunity be easier or harder?

1:07:02 - What’s the essence of business to you?

1:09:57 - Insight of saving time or money for customers

1:15:00 - How important is it to know how to code?

1:20:10 - Project development and design

1:24:50 - Family/work balance

1:29:14 - Screen time for kids

1:36:00 - Teaching kids about money

1:38:40 - 4 Hour Workweek

1:40:35 - Quant secrets

1:45:00 - Explore a niche for a year, write 100 articles, SEO

1:48:10 - SEO

1:53:58 - Can anyone be an entrepreneur?

1:59:00 - Conclusion

Social

I discuss future Tesla products, Cybertruck, FSD, Competition, and more with Ryan McCaffrey, host of the Ride the Lightning unofficial Tesla podcast.

Ryan McCaffrey on Twitter: https://twitter.com/DMC_Ryan

https://www.youtube.com/channel/UCUXjzHZ9cGchJh8X1aCM1sA

Timestamps

00:00 - Introduction

2:50 - Importance of the Model 3

8:34 - What have you learned about Tesla from doing the podcast through the years?

13:57 - Is Tesla still early?

18:10 - 2018 production hell and FUD

21:00 - Model 3 saving Tesla the company

27:00 - Tesla media coverage flipping

28:50 - How do you view competition?

31:30 - What future Tesla product are you most excited about?

37:00 - Can Tesla make the Model 2 in stainless steel?

43:30 - Detailing and paint protection films

50:10 - Do you think Cybertruck will come out soon?

55:15 - What was your impression of Cybertruck when you first saw it?

1:09:13 - Thoughts on FSD changing the dynamics of car ownership

1:12:20 - FSD subscription costs

1:16:50 - FSD timeline and robotaxi

1:18:44 - Can Tesla be a major gaming platform?

1:22:30 - Intersection of IGN and Tesla

1:26:16 - I there anything Tesla can be doing better?

1:34:00 - Why isn't Tesla service getting better?

1:37:15 - Ideas to improve Tesla service

1:42:43 - Impact of Fed tax credit on Tesla

1:47:50 - Tesla dissolving PR dept

1:50:43 - Future of Ride the Lightening podcast

1:56:00 - Conclusion

Social

🐦 Twitter https://mobile.twitter.com/heydave7

🎧 Apple Podcast: https://podcasts.apple.com/us/podcast/dave-lee-on-investing/id1493031991

🎙️Spotify https://open.spotify.com/show/2iin015s0k21Bt4ldep9XT?si=uBV4Ft8hQEu_GE4YSIDDGg

📸 Instagram https://www.instagram.com/heydave7

💁🏻‍♂️ Disclaimer: All content on this channel is for discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Should you need such advice, consult a licensed financial or tax advisor. All views expressed are personal opinion as of date of recording and are subject to change without responsibility to update views. No guarantee is given regarding the accuracy of information on this channel. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Author is long TSLA, LMND, SQ, and other stocks at time of original video publish date.

Buying a Tesla?

🚗 Car: Use my referral link to receive 1,000 free Supercharger miles with the purchase of a new Tesla. http://ts.la/david7556

☀️ Solar: You’ll get $100, I’ll get $500 for a new install of a Tesla solar system. http://ts.la/david7556

Videos:

Tesla ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QkDHJ5hbv5rMvpRse9C-re

SpaceX Starlink ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QrcuyoiO1tjQs_yzer72EI

Square ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9Q3PIw2JOQr4qoL_fSrIZA7

Lemonade ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9StEd21tlQBndopSTek8iAZ

Company Analysis Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QMjeqM7he4G7FLhI88ZXdo

Interviews: https://www.youtube.com/playlist?list=PLfibpgBinf9QdC6pEaycZvv3pGyvEbO8P

Check out my archived articles/posts on Tesla and investing: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768

Subscribe to Dave Lee on Investing on Soundwise

I discuss future Tesla products, Cybertruck, FSD, Competition, and more with Ryan McCaffrey, host of the Ride the Lightning unofficial Tesla podcast.

Ryan McCaffrey on Twitter: https://twitter.com/DMC_Ryan

https://www.youtube.com/channel/UCUXjzHZ9cGchJh8X1aCM1sA

Timestamps

00:00 - Introduction

2:50 - Importance of the Model 3

8:34 - What have you learned about Tesla from doing the podcast through the years?

13:57 - Is Tesla still early?

18:10 - 2018 production hell and FUD

21:00 - Model 3 saving Tesla the company

27:00 - Tesla media coverage flipping

28:50 - How do you view competition?

31:30 - What future Tesla product are you most excited about?

37:00 - Can Tesla make the Model 2 in stainless steel?

43:30 - Detailing and paint protection films

50:10 - Do you think Cybertruck will come out soon?

55:15 - What was your impression of Cybertruck when you first saw it?

1:09:13 - Thoughts on FSD changing the dynamics of car ownership

1:12:20 - FSD subscription costs

1:16:50 - FSD timeline and robotaxi

1:18:44 - Can Tesla be a major gaming platform?

1:22:30 - Intersection of IGN and Tesla

1:26:16 - I there anything Tesla can be doing better?

1:34:00 - Why isn't Tesla service getting better?

1:37:15 - Ideas to improve Tesla service

1:42:43 - Impact of Fed tax credit on Tesla

1:47:50 - Tesla dissolving PR dept

1:50:43 - Future of Ride the Lightening podcast

1:56:00 - Conclusion

Social

🐦 Twitter https://mobile.twitter.com/heydave7

🎧 Apple Podcast: https://podcasts.apple.com/us/podcast/dave-lee-on-investing/id1493031991

🎙️Spotify https://open.spotify.com/show/2iin015s0k21Bt4ldep9XT?si=uBV4Ft8hQEu_GE4YSIDDGg

📸 Instagram https://www.instagram.com/heydave7

💁🏻‍♂️ Disclaimer: All content on this channel is for discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Should you need such advice, consult a licensed financial or tax advisor. All views expressed are personal opinion as of date of recording and are subject to change without responsibility to update views. No guarantee is given regarding the accuracy of information on this channel. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Author is long TSLA, LMND, SQ, and other stocks at time of original video publish date.

Buying a Tesla?

🚗 Car: Use my referral link to receive 1,000 free Supercharger miles with the purchase of a new Tesla. http://ts.la/david7556

☀️ Solar: You’ll get $100, I’ll get $500 for a new install of a Tesla solar system. http://ts.la/david7556

Videos:

Tesla ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QkDHJ5hbv5rMvpRse9C-re

SpaceX Starlink ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QrcuyoiO1tjQs_yzer72EI

Square ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9Q3PIw2JOQr4qoL_fSrIZA7

Lemonade ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9StEd21tlQBndopSTek8iAZ

Company Analysis Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QMjeqM7he4G7FLhI88ZXdo

Interviews: https://www.youtube.com/playlist?list=PLfibpgBinf9QdC6pEaycZvv3pGyvEbO8P

Check out my archived articles/posts on Tesla and investing: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768

Subscribe to Dave Lee on Investing on Soundwise

Lemonade Insurance product lines, unit economics, business model, and future growth plans with CFO Tim Bixby. https://investor.lemonade.com

Timestamps:

00:00 - Introduction

00:32 - Tim's background before Lemonade

3:40 - Tim's role at Lemonade

6:35 - How was Tim introduced to Lemonade?

10:40 - Breakdown of employees

12:36 - What one metric is the most important to you as CFO?

15:08 - Net promotor score

23:17 - Starting with renter's insurance

32:10 - Have incumbents brought more competition in renter's insurance?

35:58 - Is renter's insurance slowing growth?

40:17 - Why q over q customer growth rate slowing down?

43:00 - When switch focus to in force premium over customer growth?

45:05 - Tension in focusing on customer growth vs in force premium?

50:00 - Why was 6% customer growth an anomaly?

52:40 - Key insight in tackling a more competitive home owner's insurance market

56:40 - Not competing in price for homeowners insurance

59:08 - What percent of homeowners are new customers vs shifting customers?

1:02:19 - Strategy for pet insurance

1:10:30 - Life insurance roll out strategy

1:16:50 - Future insurance products

1:18:50 - Strategy to enter auto

1:22:58 - How is it possible to have 1700 data points? Where outside data coming from?

1:28:00 - How able to get that much data from such a quick sign up process?

1:33:18 - Does Lemonade have ambition to give a better insurance with fewer exclusions?

1:37:45 - Unit economics of Lemonade

1:45:15 - Capital requirements with reinsurance

1:52:01 - Marketing approach and acquisitions

1:59:30 - Why 2020 marketing spend decreased?

2:00:35 - LT goals and ambition for Lemonade

2:04:00 - New product line timeline

2:05:08 - Conclusion

Social

I chat with Emmet Peppers about the latest with Tesla, growth stocks, the market, and view questions.

Emmet Peppers on Twitter: https://twitter.com/emmetpeppers​

Emmet Peppers Interview playlist: https://www.youtube.com/watch?v=ZxJpj...​

Social

I talk with Vincent Yu of Tesmanian.com about Tesla in China, TSLA price targets, SpaceX, PLTR, FSD Beta and competition.

Vincent Yu on Twitter: https://twitter.com/vincent13031925

https://www.tesmanian.com

Vincent Yu on YouTube: https://www.youtube.com/channel/UCpTkY-EEjfTcbkFYtsHbRrQ

Timestamps:

00:00 - Introduction

00:29 - Vincent on Twitter

3:00 - Vincent's background before Tesla

14:08 - How did background in the auto parts business help with investing in Tesla?

18:30 - How did Vincent realize disruption is coming to his cellphone business?

21:45 - Where do you see the auto parts business in 5-10 years?

23:19 - Motivation and vision for starting Tesmanian

29:08 - Is Tesmanian too pro-Tesla and pro-Elon?

31:18 - Elon's engagement with Tesmanian

36:38 - How remain optimistic during 2018-2019 Tesla rough patch?

39:30 - Apple and Amazon stock

44:18 - Why are some people able to catch the future?

46:58 - How important was the Model 3?

50:28 - Experience with Model Y

54:30 - Cybertruck impressions

59:35 - Will Tesla have enough 4680 cells?

1:02:40 - Experience with FSD Beta

1:10:24 - Robotaxi rollout timeline

1:11:35 - Why is take rate of FSD so low in China?

1:15:18 - Mind of the Chinese car consumer

1:19:03 - Is demand growing for Model 3 and Model Y in China?

1:22:11 - Why does Tesla China need a separate design center?

1:25:00 - Chinese government favoritism of Xpeng, Nio, Li

1:27:25 - How do Chinese consumers view Xpeng, Nio, Li?

1:29:35 - Which Chinese EV company has best chance against Tesla?

1:36:45 - Does Lucid stand a chance against Tesla?

1:40:28 - Biggest risk for Tesla going forward

1:43:05 - Tesla valuation and volatility

1:51:!5 - PLTR stock

1:54:35 - SpaceX potential

1:56:38 - Leaps vs stock

2:08:55 - How use wealth to make world better

2:11:35 - What will Tesla's next product reveal be?

Social

How much could Tesla FSD be worth to TSLA? I discuss this with James Douma. This is part 3 of 3.

Part 1 of this interview: https://youtu.be/N9Trq0ziOb4

Part 2 of this interview: https://youtu.be/FSS_OJJ65cY

James Douma on Twitter: https://twitter.com/jamesdouma​

James Douma Playlist, https://www.youtube.com/watch?v=iMtujONU_0I&list=PLfibpgBinf9R7KIedEU3y-YjrA63LSKHX

Timestamps

00:00 - Introduction

1:38 - In 5-10 years, is there legitimate competition to Tesla's FSD?

5:15 - TAM for FSD and $10 trillion market cap companies

15:00 - Will FSD be commoditized?

24:01 - Importance of safety in new markets

26:55 - Does Waymo and Cruise have a chance?

32:50 - Does competitors undercutting price of FSD post a risk to Tesla?

39:35 - Does ride hailing have a cap?

48:25 - Discrepancy of how much private owners willing to pay for FSD vs fleet operators

55:30 - Tesla's window of opportunity for insane profit

1:04:28 - James' napkin math for valuing Tesla Robotaxi

1:29:50 - Conclusion

Social

How much could Tesla FSD be worth to TSLA? I discuss this with James Douma. This is part 3 of 3.

Part 1 of this interview: https://youtu.be/N9Trq0ziOb4

Part 2 of this interview: https://youtu.be/FSS_OJJ65cY

James Douma on Twitter: https://twitter.com/jamesdouma​

James Douma Playlist, https://www.youtube.com/watch?v=iMtujONU_0I&list=PLfibpgBinf9R7KIedEU3y-YjrA63LSKHX

Timestamps

00:00 - Introduction

1:38 - In 5-10 years, is there legitimate competition to Tesla's FSD?

5:15 - TAM for FSD and $10 trillion market cap companies

15:00 - Will FSD be commoditized?

24:01 - Importance of safety in new markets

26:55 - Does Waymo and Cruise have a chance?

32:50 - Does competitors undercutting price of FSD post a risk to Tesla?

39:35 - Does ride hailing have a cap?

48:25 - Discrepancy of how much private owners willing to pay for FSD vs fleet operators

55:30 - Tesla's window of opportunity for insane profit

1:04:28 - James' napkin math for valuing Tesla Robotaxi

1:29:50 - Conclusion

Social

James Douma and I discuss the various challenges of autonomous driving and how Tesla is trying to solve them.

James Douma on Twitter: https://twitter.com/jamesdouma

James Douma Playlist, https://www.youtube.com/watch?v=iMtujONU_0I&list=PLfibpgBinf9R7KIedEU3y-YjrA63LSKHX

Timestamps

00:00 - Introduction

00:58 - Tesla’s approach to pseudo lidar

11:00 - How important is having multiple cameras vs a single camera over time?

17:00 - Error vs data

22:35 - Is Tesla’s vision approach creating its own 3d environment?

29:03 - Does lidar see better in the dark?

30:35 - Has Tesla solved the stationary object on the road issue?

39:21 - What is operation vacation?

43:55 - What improvements might be in FSD v9.0?

52:53 - FSD rollout timeline

57:10 - Conclusion

Social

James Douma and I discuss the various challenges of autonomous driving and how Tesla is trying to solve them.

James Douma on Twitter: https://twitter.com/jamesdouma​

James Douma Playlist, https://www.youtube.com/watch?v=iMtujONU_0I&list=PLfibpgBinf9R7KIedEU3y-YjrA63LSKHX

Timestamps

00:00 - Introduction

00:58 - Tesla’s approach to pseudo lidar

11:00 - How important is having multiple cameras vs a single camera over time?

17:00 - Error vs data

22:35 - Is Tesla’s vision approach creating its own 3d environment?

29:03 - Does lidar see better in the dark?

30:35 - Has Tesla solved the stationary object on the road issue?

39:21 - What is operation vacation?

43:55 - What improvements might be in FSD v9.0?

52:53 - FSD rollout timeline

57:10 - Conclusion

Social