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Luttig's Learnings
luttig.substack.com · Personal blog · on HN since 2020
Luttig's Learnings is a Substack on tech investing, startups, AI, and markets, written by an investor.
What HN saysHN links it for essays on tech companies and markets; commenters draw on it in discussions of SPAC returns and a struggling company.
21HN people shared it
2linked it in comments
22stories submitted
609story points
3 years agolast shared
2020people per year2026
Most-shared posts
- 1Rippling and the Return of Ambition6 people · 29 points · first shared 2022 · 5 comments on HN
- 2When Tailwinds Vanish3 people · 107 points · first shared 2020 · 35 comments on HN
- 3Hallucinations in AI3 people · 3 points · first shared 2023 · discussion on HN
- 4Don't forget Microsoft2 people · 429 points · first shared 2022 · 453 comments on HN
- 5Finance as Culture2 people · 29 points · first shared 2021 · 15 comments on HN
- 6Is AI the New Crypto?2 people · 3 points · first shared 2023 · discussion on HN
- 7The Index Mindset2 people · 2 points · first shared 2021 · discussion on HN
- 8How timeless is timeless advice?1 people · 4 points · first shared 2021 · discussion on HN
- 9Tech's Reversion to the Mean1 people · 3 points · first shared 2022 · discussion on HN
- 10Spac attack everything a founder1 people · first shared 2021
What HN people wrote when they linked it
ho_schi · 2022-02-03
I'm not surprised. The complete company doesn't provide any actually required product or value, just aggregating "users". And the company has the worst imaginable reputation (closed-source, awkward and stupid censorship, clear name enforcement, advertisement, users are not customers but a resource, and much more).
Interestingly this article was featured here recently:
https://luttig.substack.com/p/dont-forget-microsoft
It doesn't talk about software, development, technology or service. Merely, buy others. If you don't innovate yourself you have to buy quickly everyone else before they can harm you. That is what Facebook is doing.
nicholast · 2021-02-05
I'm reading this to imply that as a general rule of thumb, in recent times SPACs have been a better deal for the company going public than for the SPAC investors. That outsized returns exist but are not the norm.
There was a good resource linked in one of the footnotes that is a much more concise summary:
"SPAC Attack: everything a founder or investor should know"
https://luttig.substack.com/p/spac-attack-everything-a-founder