Venture capital, technology, and investing insights by Tren Griffin
Tren Griffin: SpaceX sets IPO price at $135 a share, aiming to raise $75 billion
Tren Griffin reports that SpaceX has confirmed its initial public offering price at $135 per share and plans to sell more than 555 million shares. This offering is expected to raise around $75 ...
DELL surges 34.5 percent after hours, Tren Griffin notes
Tren Griffin did not predict the 34.5 percent after-hours move in DELL. The company now has a market cap of $205.95 ...
Tren Griffin: Around 6% of ChatGPT users are paying subscribers
Tren Griffin observes that approximately 6% of ChatGPT users are paying subscribers. He explains that the cost of acquiring users, or customer acquisition cost (CAC), is recorded below the gross ...
Elon Musk's Terafab chip factory in Texas may reach $119 billion cost, Tren Griffin notes
Tren Griffin references a famous quote about large sums of money and highlights the scale of investment potentially involved in Elon Musk's Terafab chip factory in Texas, which could cost up to ...
Tren Griffin: AI service subsidies add to customer acquisition cost
Tren Griffin points out that subsidies for AI services are included as part of customer acquisition cost. According to Griffin, this represents an up front cash expense for ...
Internet bubble ended before telecom crash, Tren Griffin notes
Tren Griffin highlights that the internet bubble burst in March of 2000, almost a year before the telecom bubble ended. He explains that while the internet bubble fueled the telecom bubble for a ...
Tren Griffin: Paul Allen acquired Charter Communications in $1998 as part of wired world strategy
Tren Griffin recalls that Paul Allen acquired control of Charter Communications in $1998 as part of his "wired world" strategy. Around $2000, Allen invited his friend Craig McCaw to a meeting ...
Benchmark saw $6.7 million eBay investment grow to $21 billion, Tren Griffin notes
Tren Griffin highlights the extraordinary returns Benchmark achieved with its investment in eBay in 1997. At the time, Benchmark invested $6.7 million in the auction company, valuing eBay at $20 ...
Tren Griffin: Private secondary share sales before IPOs involved informal sourcing
Tren Griffin, industry influencer, reflects on practices in private secondary share transactions before IPOs in the late 1990s. He highlights that founders, employees, and venture investors ...
Stock picking using LLMs lacks market edge, Tren Griffin argues
Tren Griffin, industry influencer, comments that using a large language model (LLM) to pick stocks equates to closet indexing for those who do not subscribe to the efficient market hypothesis. ...
Tren Griffin: Philippine inflation climbs to 7.2 percent in April 2026
Tren Griffin, industry influencer, commented on the surge in Philippine inflation, highlighting a sharp increase to 7.2 percent in April 2026 from 4.1 percent in March 2026. Griffin noted that ...
Active large-cap funds lagged S&P 500 in 2025, Tren Griffin notes
Tren Griffin, industry influencer, remarks on persistent challenges for active large-cap U.S. equity fund managers. According to Griffin, 79% of these funds underperformed the S&P 500 in 2025, ...
Tren Griffin: Spirit Airlines questions cover debt, merger, and pricing power
Tren Griffin, industry influencer, raises several issues regarding Spirit Airlines' current situation. He questions whether elevated debt levels have rendered Spirit a 'walking dead' company and ...
Airline industry struggles to generate profits, Tren Griffin notes
Tren Griffin, industry influencer, highlights Warren Buffett’s longstanding skepticism about the airline industry. According to Buffett, airlines exemplify a business model that demands large ...
Tren Griffin: Thoma Bravo set to transfer Medallia to lenders after $5.1 billion equity loss
Private equity group Thoma Bravo is close to handing control of software firm Medallia to its lenders, according to Tren Griffin. The move will result in the elimination of $5.1 billion in equity ...
Greg focuses on operations over Buffett, Tren Griffin notes
Charlie Munger described Greg as an outstanding operator and stated that Greg is better suited for the job than Warren Buffet, according to Tren Griffin. Munger highlighted Greg's operational ...
Tren Griffin: Charlie Munger describes unethical sales practices in high-commission products
In a tweet by Tren Griffin, Charlie Munger is quoted highlighting unethical sales practices in business transactions. Munger discusses a scenario where a company raises its price and uses the ...
Mauboussin and Callahan essay receives renewed praise, Tren Griffin notes
Tren Griffin endorses both a new essay by Mauboussin and Callahan and its original version published in 1997. The tweet highlights Griffin's sustained appreciation for research from Mauboussin ...
Tren Griffin: Study tracks investment returns for 29,754 U.S. stocks from 1926 to 2025
A recent study summarized by Tren Griffin examines investment outcomes for 29,754 common stocks listed on public U.S. stock markets over a 100-year span from 1926 to 2025. The study provides ...
Waha gas hub prices fall as low as minus $9.75 per MMBtu, Tren Griffin notes
Spot prices at the Waha natural gas trading hub in the Permian Basin fell to as low as minus $9.75 per million British thermal units over the past week. Tren Griffin shared that there is an ...
Tren Griffin: Selling tokens below cost is paid marketing strategy
Tren Griffin addresses sales strategies involving tokens, stating that selling them at a significant discount to cost of goods sold (COGS) or distributing them freely to fill a sales funnel, which ...
