BobCasey
@BobCasey
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Proud Chicagoan. CEO of Santa Barbara Management & Partner @ PF Capital. Always curious, never bored.
Chicago, IL
Joined August 2008
Really enjoyable read. I had a chance to meet Bob and Tom in ‘23 when I was invited to Chicago HQ to give a seminar on “what’s investors do all day” Conceptually, expert network transcripts are a relatively simple business that may cause one to think “I could do that too”, but
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...and one could note the importance of the same criteria in assembling a portfolio: resilience, non-obviousness, uncapped potential! The nice thing in publics vs. venture though is that there's a near-zero cost way to buy the index and ensure exposure to those outsized winners
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This dynamic holds in public markets just as it does in venture! Research by Hendrik Bessembinder @ASU shows that most U.S. stocks have generated lifetime returns lower than one-month T-bills. Roughly 4% of companies account for the entire net gain of the U.S. stock market since
This is an insightful blog post. People who don’t understand will inevitably gravitate toward playing venture lotto ( https://t.co/h606Ag9yQW). “The Power Law is what happens to your portfolio if you select for resilience, non-obviousness, and uncapped potential. It is the
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Yes. I want to know how Buffett consumes his morning media diet in painstaking detail. I want to see how Zuck runs a 1:1 with Susan Li or Andrew Bosworth. I want to understand how Anna Wintour plans a weeknight dinner party. https://t.co/A5ozokD5Pb
great moment in the cheeky pint episode with dan sundheim where daniel presses him to walk through his average earnings morning in exhaustive detail, both w/ and w/o a crisis i wish more interviews would do this: how you do the smallest things is how you do the biggest things.
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So Constellation will sell power from its Clinton IL nuclear plant to Meta starting in ‘27, who is also considering building more gigawatt scale nuclear plants for its AI power needs. Time to lift our moratorium on large nuclear construction. Now! It’s been clear the last few
I’m going to be less diplomatic than my friend Michael. Not lifting the large scale nuclear construction moratorium is an inexcusable level of stupidity and legislative mismanagement. Good way to ensure we lose out on potential industrial, technology and manufacturing investment.
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Affordable housing is anything but affordable! When you have units costing almost $1 million, with almost 100% of the financing coming from government, it’s time to rethink “affordable housing”
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I think about this tweet a lot. @moizali did a great takedown of wealth management. Conflicts of interest & principal/agent problems abound. Firms push their own products. Layers of fees on fees. Advisors focus on new assets, not serving clients. And PE is rolling it all up.
I've worked with 3 different private wealth managers over the past 5 years, including @GoldmanSachs. To date, I can say that: A. They have provided virtually no value in growing my net worth. They promise access to exclusive investment opportunities, but the investments
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Aldermanic prerogative is terrible for Chicago. I wrote about we can incrementally reform it over at @acitythatworks 1/n
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you can waste your entire life overthinking it: the window will slam shut, they will move on, your coffee will get cold, and you get tired and old. just act decisively, stop thinking so much.
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I've wondered what catalyst might drive stronger voter engagement in Chicago. 2023 mayoral elections had only 35% turnout. I think this is it. Mess with schools and people get angry. The San Francisco 2022 School Board recall is a recent example.
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Tonight's firing of Pedro Martinez is the most flagrant exercise of regulatory capture I've ever seen. The @ChiPubSchools Board has shown a reckless disregard for their duty to act in the best interests of the children and residents of the City of Chicago.
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BRM saved us $100k+ in the first month by identifying over-provisioned software licensing @TegusHQ. Our team went from blind on software utilization to a full picture of how vendor spend was translating into usage and value. I love BRM. Proud to be an investor & early customer!
After 2 years of building, I’m excited to announce @brm_ai $21.6M Series A and Seed, led by @caffeinatedcap ($15M) and @Base10Partners ($6.6M), respectively. Our vision from Day 1 was clear: Help people buy. Buying is broken. We've all been there—frustrated and stuck,
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For no particular reason (😔) some thoughts on what a recession would look like for SaaS. To be clear, macro is above my pay grade, but I try to stay aware that recession is well within the fan of outcomes and, in the long run, inevitable. First (because it’s been so long and
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1/ This is a love letter to the Midwest. Haters gonna hate. Lovers gonna love Growing up on the East Coast, I never thought much of the Midwest. I first visited Chicago in the summer 10 years ago & was in awe. Idk if there is a city more vibrant than Chicago in the summertime
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Agreed 100% @dunn. '08-'09 was a great time to be building - similar today. When we raise in '09, the first money raised was $125k at a $1M pre, when we had ~$100k in revenue. 6 months later we raised $1m at $3m pre, at which point we had $1m in revenue.
It actually is 100% wrong. I remember walking into Bank of America the day Lehman Brothers failed with $300k of angel investor checks. The teller asked me: "what do you do??" I replied: "I sell pants." She said: "Everyone needs pants." #everyonneedspants The most important
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I asked GPT4 to turn Zuckerberg's blog post from last week into a tweet storm. The results were excellent. Amazing way to quickly turn long form writing into social content.
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Would respectfully disagree with Paul here. I think duration can be a significant advantage*, and further it seems to be an advantage that is hard for computers and money to compete away. Humans aren’t getting more patient or less myopic. *in the right circumstances with the
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