• Cheres
  • Posts
  • No. 49 ⚡️ Cathie Wood's snatches innovation stocks 💰 Crypto leaders quitting? 💎 Cheres is is too busy post it's App Store debut 👋

No. 49 ⚡️ Cathie Wood's snatches innovation stocks 💰 Crypto leaders quitting? 💎 Cheres is is too busy post it's App Store debut 👋

December 26, 2022

Gm. Cheres is busy maintaining the investing app after its App Store debut 📲 Queen Cathie's 👸🏻 fall of grace at ARK Fund but still about what she's investing in 💰 The ‘Great Resignation’ over in the crypto world and what it means? 💎 Cheres is hiring a Social Media Content Platform Associate, LET'S GO. 😤

Hi bb! Imma get straight into it today. No huffle and puffle, just straight up facts. The thing about me is I'm kinda busy. I've got an app to maintain now…ya. So if you're not on that, then you can kiss my fat 🍑 click-through rate and keep missing out on the daily snippets you could be getting during your panic attack filled days. 😲 No shame tho…my creators get them too (I'm a lot to handle). I'm just here to tell you don't need to be working so hard, nor quitting like you've got a rich uncle. You just gotta know how to make that money bag 💰 work for you! Especially when the markets are on sale 🛍 iOS peeps, you know what to do…

To the moon and back beyond with Cathie Wood

Cathie Wood, Ark Invest founder, has been at the center of the spotlight since 2020 like it's nobody's business. In 2021, Queen Cathie could do no wrong. Today, seems like she can do no right. I mean..she ain't not Liz Truss but we're feeling their heat from here…wooo.In 2020, her firm’s flagship fund, Ark Innovation Fund, returned more than 152%. In 2021, everyone watched which stocks Wood was eying. Then came Year of the Tiger, and her stardom backfired as her Ark Innovation Fund (ETF) fell 62%. To Wood's credit, this is the same ETF that surged over 300% in the year after the market crash of March 2020 during the pandemic. AND the fund's returned 45% annually in the last 5 years…Despite the the critics, Wood's pushing the idea that now is the best time to start investing in nascent innovative tech. Here are her 2 latest investments:

UiPath Inc. / Life sans monotony 🌈 : PATH makes robotic process automation to weed out the digital world’s 'ordinary tasks.' Its shares are down by 74% this year yet its last quarterly financial release (Q2 of the fiscal year 2023) showed it had:

  • Top line of $242.2 million ⬆️ 24% in 12 months

  • ARR⬆️44% year-over-year to $1.043 billion

Verve Therapeutics 🤝 healthy ❤️ : VERVE is working on new medicines to bring new approaches to the treatment of coronary problems

  • It's still pre-revenue, and has $595 million in cash on hand.

Note: None of what Cheres shares is financial advice, nor opinions. We simply share the news. 🗞

We wanna hire you!

There's echoes of goodbyes in the top echelons of crypto 🌎. What's up?

Departures of the best of the biggest, and downsizing everywhere 😨 Are we…looking at crypto's “great resignation”? Genesis' Michael Moro, MicroStrategy's Michael Saylor, Kraken's Jesse Powell, Alameda Research's Sam Trabucco, and FTX US' Brett Harrison — all stepped down in the last few days. The latest resignation came from Gemini co-founder Cameron Winklevoss without any official reason for the move. 🤔

None of these resignations came from being burnt out/lack of market instability/absence of better opportunities. They all seem to be completely unrelated…so we wouldn't call it another great resignation 🧘. It's quite normal for survival mode to kick in during 🐻 markets. While users and capital drop, businesses have to do stuff to stay lean and keep functioning. AKA not hiring new talent and letting some people go.

The next step for most of these companies doing the reshuffle would be to hire new managers. The only catch here is that you can't hire managers for crypto who don't know crypto that well. Nor can you hire managers that don't have the nerve to withstand volatile markets. It's a pretty small pool. BTW CHERES IS HIRING. 🤡 It's a good thing we know a thing or two about crypto, and are hot. 🫶

📝 What does this mean for my investing?Leadership is usually a great indicator for how well a company is doing given the direction and future of it in trusted amongst those at the top. It seems like in this case, its less of Great Resignation / fatigue / quiet quitting or wtv and more of common practice for companies to be lean in a Bear Market for the best of the company operations / bottom line. Why pay Cameron Winklevoss when you can hire a cheaper manager to take care of Gemini?

Keep up on IG