Timing & trends

‘Airbnb for pools,’ just raised $10m

 

Don’t have a private pool to float around in this summer? Join the club.

Thanks to Swimply, that reality is quickly becoming a thing of the past — the company is basically Airbnb for private pools.

And it’s growing like there’s no tomorrow

Founded in 2018, Swimply booked just ~400 reservations that year but raised $1.2m from friends and family. In 2020, Swimply made an appearance on Shark Tank but left without a deal.

In the best kind of Shark Tank revenge, Swimply grew revenue 4,000% that year.

Today, Swimply sees 15k-20k reservations per month averaging $45/hour. The startup’s employee count has grown from 2 to 20+ (with plans to double to 40).

Next up, Swimply plans to launch Joyspace — basically Airbnb for things like basketball courts and home theaters.

Swimply is a classic case of ‘see a problem, build a solution’

CEO Bunim Laskin was the oldest of 12 children. As entertainer-in-chief, he asked his neighbor if his family could use their often empty pool, and offered to cover some of the costs. That’s when the lightbulb turned on.

Laskin used Google Earth to find his first customers, identifying houses with pools and doing some old-school door-knocking sales pitches.

Today, Swimply operates in 125 US markets, 2 in Canada, and 5 in Australia.

Some pool owners have made up to $10k a month on Swimply. Unfortunately for them, 40% of American adults have urinated in a pool.

 

 

This morning: Forget fears of rising interest rates – the big threat is how the global economy will cope with supply chain bottlenecks and the coming commodities supercycle. These will create all kinds of friction. The West is particularly vulnerable to microchip supply instability – which could take years to resolve.  

Interesting moment for markets yesterday as former fed-head, Janet Yellen, misspoke and revealed the truth we all know is coming: interest rates will rise as the economy overheats. No! Surely Not! …. We all know higher real rates will trigger untold market misery – crashing stock markets, closing down millions of zombie junk companies, house prices to tumble and cause the very stars to fall from heaven… Well.. maybe. Its gonna happen…

Yellen directly contradicted current fed head Jerome Powell’s promise rates aren’t rising till pandemic recovery is complete in a few years. She later back-walked her comments, but it reminded everyone what is coming when rates do eventually rise – stocks, especially Tech, took a bath.

Yellen’s comments are best summed up by one of my key market mantras; “no point worrying today about stuff you are going to have to worry about tomorrow.” Interest rates fall into that category. They are going to normalise and rise. Get used to it.

Instead, this morning, let me try to connect some dots on global supply chains, particularly microchips, and the current on-trend market buzz – the new commodities “supercycle” that is apparently upon us…

The Microchip “D’oh” Moment…….   Click for more

 

Ranking U.S. Generations on Their Power and Influence Over Society

 

Which U.S. Generation has the Most Power and Influence?

We’re on the cusp of one of the most impactful generational shifts in history.

As it stands, the Baby Boomers (born 1946-1964) are America’s most wealthy and influential generation. But even the youngest Boomers are close to retirement, with millions leaving the workforce every year. As Baby Boomers pass the torch, which generation will take their place as America’s most powerful?

In our inaugural Generational Power Index (GPI) for 2021, we’ve attempted to quantify how much power and influence each generation holds in American society, and what that means for the near future.

Generation and Power, Defined

Before diving into the results of the first GPI, it’s important to explain how we’ve chosen to define both generations and power.

Here’s the breakdown of how we categorized each generation, along with their age ranges and birth years.

Generation Age range (years) Birth year range
The Silent Generation 76 and over 1928-1945
Baby Boomers 57-75 1946-1964
Gen X 41-56 1965-1980
Millennials 25-40 1981-1996
Gen Z 9-24 1997-2012
Gen Alpha 8 and below 2013-present

The above age brackets for each generation aren’t universally accepted. However, since our report largely focuses on U.S. data, we went with the most widely cited definitions, used by establishments such as Pew Research Center and the U.S. Federal Reserve.

To measure power, we considered a variety of factors that fell under three main categories:

  • Economic Power
  • Political Power
  • Cultural Power

We’ll dive deeper into each category, and which generations dominated each one, below.

Read More

 

The mainstreaming of crypto assets continues apace

 

S&P Dow Jones Indices — home to the ubiquitous S&P 500 — just launched 3 crypto indexes: 1) a Bitcoin index; 2) an Ethereum index; and 3) an index that includes both.

Of the 2 assets, Ethereum is currently on the hottest run: up ~2x over the past 6 weeks to a market cap of $380B+.

Not to be outdone, Dogecoin — which started out as a joke — continues to hit record highs, up more than 100x year-to-date.

In a particularly absurd stat, if someone had invested all 3 US stimulus checks into Dogecoin… this is how much they would have:

 

 

Take A Bow, Jay Pow!

All that can be said about all of this is, ‘Congrats, Jay! You’ve officially blown the biggest stock market bubble in history.’ In all seriousness, however, there will undoubtedly come a time when concerns regarding financial stability will outweigh those regarding too-low inflation. Policies inspired by the latter may even precipitate the shift to the former. As a wise trader once said, “nothing like price to change sentiment.” For the moment, though, investors would appear to be applauding Jerome Powell’s historic accomplishment.

The Buffett Yardstick, or total market capitalization of the U.S. equity market relative to the overall size of the economy, now stands at a gaudy 270%. For reference, at the peak of the Dotcom Mania, this measure only reached 188% so we are now over 40% more expensive than the most expensive stock market peak in history! Another way to think about this is to understand that, at today’s valuation, the stock market would need to fall 30% overnight in order to match the peak of what is widely considered the greatest bubble in modern history.

Full Article