The Synopsis

In this exceptional interview, we talk to Cofounder of Square (Block) Jim McKelvey on competing against Amazon. From his time at Square, he saw how they were able to outcompete Amazon and he wasn't sure how that was possible given their superior resources, merchant network, and large base of talented employees. After better understanding how that was possible, he wrote a book on his insights called "The Innovation Stack". In this interview we touch on some of his key learnings, as well as talk about why it is so hard to copy some businesses.
**Purchase Jim's Book, The Innovation Stack, Here
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Show Notes
(0:00) —  Amazon vs Square
(13:22) — Why Amazon Quit Against Square
(24:58) — Southwest
(37:33) — Copying a Companies Innovation Stack
(40:53) — Advice to Build a Business


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Disclaimer
Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in securities discuessed. Please see our full disclaimers here:  https://speedwellresearch.com/disclaimer/

In this Dialogue episode of The Synopsis, we discuss Netflix stepping away from Warner Bros., Duolingo and underlying growth issues, plus Paypal and what makes a great manager. 
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YouTube Video Links: Paypal, Netflix, Duolingo
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Show Notes
(0:00)  — Intro, Netflix/Paramount Warner Bros. Deal
(17:17)  — Duolingo Selloff
(30:08)  — Duolingo Valuation
(36:20)  — PayPal Overview
(42:48)  — What Makes a Good Manager?
(52:41)  — PayPal Valuation
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Disclaimer
Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. This may change without notice. Please see our full disclaimers here:  https://speedwellresearch.com/disclaimer/

In this Dialogue episode of The Synopsis, we discuss the recent fears in SaaS with the looming AI risk and dig deeper into ServiceNow! 
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Watch the ServiceNow Video here, or the Constellation Software Video Here, the Adobe Video Here. 
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Show Notes
(0:00)  — Intro
(3:48)  — ServiceNow Business Overview
(13:00)  — Risks to ServiceNow
(21:32)  — AI Control Tower
(24:14)  — Competitive Dynamics
(32:10)  — Valuation
(35:18)  — Mature Margin Diatribe
(42:39)  — AI Risk Rebuttal
(46:16)  — ServiceNow Blue Sky Scenario
(47:38)  —  Intuit Disrupted?
(50:46)  — Will Margins Collapse for SaaS?
(52:54)  — Difference Between SMB vs Enterprise SaaS
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Disclaimer
Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. This may change without notice. Please see our full disclaimers here:  https://speedwellresearch.com/disclaimer/

In this Company episode of The Synopsis we talk about Shift4, drawing from our 85-page research report to cover everything from their early history, to an overview of the payment landscape, and their unique customer acquisition model, as well as competitive moats.
**Learn more about our 85-page Shift4 Research Report here**
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Show Notes
(0:00)  — Intro
(6:04)  — Why Shift4?
(11:36)  — Payment Processing Example
(18:34)  — Shift4 History
(45:40)  — Revenue Breakdown
(57:10)  — Gateway Economics
(1:00:00)  — Business Overview
(1:02:00)  — Competition
(1:10:00)  — Value Proposition
(1:15:56)  — Capital Allocation & ROIC
(1:27:00)  — Valuation
(1:32:16)  — Risks
(1:38:00)  — Upside
(1:40:50)  — Shift4 CEO Interview Announcement
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Disclaimer
Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. At the time of recording no contributors had a position in FOUR. This may change without notice. Please see our full disclaimers here:  https://speedwellresearch.com/disclaimer/

In this Dialogue episode of The Synopsis, we discuss the recent sell off of software names, Constellation Software, and introduce the idea of "Point of Monetization" to analyze why Dating Apps are such a bad business. 
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Watch the Constellation Software Video Here, the Adobe Video Here, or The "Why Dating Apps are a Bad Business" Video Here. 
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Please reach out to [email protected] if you need help getting us to become an approved research vendor in order to expense it.
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Show Notes
(0:00)  — Ferrari Report
(1:14)  — Software Selloff
(7:06)  — Will AI Become Modularized?
(8:25)  — CSU AI Risk
(24:30)  — Why Dating Apps are Bad Businesses
(39:52)  — Upcoming Announcements
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For full access to all of our updates and in-depth research reports, become a Speedwell Member here.
Please reach out to [email protected] if you need help getting us to become an approved research vendor in order to expense it.
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Follow Us:
Twitter: @Speedwell_LLC
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Email us at [email protected] for any questions, comments, or feedback.
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Disclaimer
Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. This may change without notice. Please see our full disclaimers here:  https://speedwellresearch.com/disclaimer/