What a humbling year! I genuinely believe any investor *should* want to experience a year such as 2022 as early as possible in their careers. I will share some of my introspection later, but let’s start with some business updates. I’ll start with the good news. MBI Deep Dives is, so far, proving to be a reasonably resilient business amidst the skittish market environment. After the launch in September 2020, MBI Deep Dives had a bit of a meteoric start that defied my expectations. In retrospect, I was fortunate to launch MBI Deep Dives in 2020 as I could ride on the spike of interest in public markets. Now that we are on the other side of the cycle, subscriber growth has recently stalled. While gross bookings were +18.4% in 2022, it is likely to follow subscriber growth trajectory unless the subscriber growth returns in 2023.
2022 Annual Letter
2022 Annual Letter
2022 Annual Letter
What a humbling year! I genuinely believe any investor *should* want to experience a year such as 2022 as early as possible in their careers. I will share some of my introspection later, but let’s start with some business updates. I’ll start with the good news. MBI Deep Dives is, so far, proving to be a reasonably resilient business amidst the skittish market environment. After the launch in September 2020, MBI Deep Dives had a bit of a meteoric start that defied my expectations. In retrospect, I was fortunate to launch MBI Deep Dives in 2020 as I could ride on the spike of interest in public markets. Now that we are on the other side of the cycle, subscriber growth has recently stalled. While gross bookings were +18.4% in 2022, it is likely to follow subscriber growth trajectory unless the subscriber growth returns in 2023.