I want to thank everyone for the tremendous support you have shown me here on the ExponentialDave blog, on Twitter, and most recently on YouTube! You are heard loud and clear – people like the new video content but don’t want it to take away from my written monthly updates. No worries! I have zero intent on stopping with the monthly updates.
In the mean time, before my usual monthly update, I have had a somewhat active month where I’ve made a couple of YouTube videos approximately 7-8 minutes long. The first one was when I spoke at length about Amplitude. And just today, I have followed up with another video, this one detailing my thoughts on the latest growth stock meltdown, why it’s happening, and what I did in response to it (including options), among other things. It is available at this link here.
One of the best earnings reports I’ve seen in this earnings season was from Fiverr. This is mainly because they changed growth cohorts. For this year, previously they were guiding for 46%-50% YoY growth, but now they have updated their forecast to 59%-63% YoY growth! For comparison, Crowdstrike, my highest conviction stock, is “only” forecasting growth at 64% for 2021 (but to be totally fair, CRWD hasn’t reported Q1 yet and so will also likely beat/raise their guidance.)
Read More »
I have previously mentioned that, since Q3 of 2020, Shopify has returned to “seasonally normal” quarters. Well, this quarter was abnormal in a very good way. Shopify revenues usually contract sequentially by 6% or 7% in Q1, but this time revenue actually accelerated sequentially! (if only by 1%, but still a big deal considering how the quarter usually goes.)
Read More »