Data #1
Comparing Flying Taxis to Today’s Mobility Costs
Why does this data matter?
My initial thought when considering the concept of a flying electric taxi was that it won’t be monetarily accessible. However, preliminary data indicates that flying electric taxi rides will be more affordable than premium taxis and slightly more expensive than standard taxis. The estimated cost is around $3 per seat mile for electric flying taxis, compared to between $2.0 and $3.80 per vehicle mile for standard and premium taxis.
Archer Aviation (a public company we track) recently announced a contract with NASA, suggesting that between 2025 and 2028, consumers may start to see this type of mobility become a reality. The future is approaching faster than we anticipated, and it is not just a matter of growing older, but also real progress on the technology.
Data #2
Web Scraped Data Showed Rising Inventory on Website vs Sales Collapse = Bad Business
Why does this data matter?
Permanent loss of capital is the most significant risk in our view. As an investor, having real-time data to analyze the company's key indicators can help mitigate this risk. In 2022, we were asked about Vroom. Yesterday, they announced the closure of their operations due to financial troubles. The reality is that financial troubles are often rooted in product and mismanagement issues.
The chart above displays a web scrape of the inventory listed on their website, allowing us to compare it to sales trends. When we were asked whether Vroom was a good investment after a 70% decline, the answer was clearly no. The data showed that inventory and sales were moving in opposite directions, eventually leading to a cash crunch yesterday.
Data #3
Tech Spending is Coming Back With Changing Behavior
Why does this data matter?
In 2022 and 2023, as fears of a recession spread from consumers to executive offices, there was a significant shift in how budgets were allocated. Companies aimed to maintain spending while increasing efficiency, leading to actions such as vendor consolidation, optimization of cloud services, and software license optimization across the organization.
Now, let's examine the ETR survey data, which is highly regarded in the industry. It provides insights into companies' spending plans for 2024. It reveals that companies are planning to allocate more funds in 2024 compared to 2023. Interestingly, the data also indicates a substantial decrease in the number of companies looking to optimize their spending. For instance, the percentage of companies planning to consolidate vendors has dropped from 36% to 12%. This sets up well for more point solutions likely beyond 2024.
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Avory specializes in high-conviction equity strategies, emphasizing Secular Growth and Transformation Stories driven by exceptional teams. Data guides decisions. We cater to high net worth investors, family offices, and institutional investors. Note: This information doesn't constitute a recommendation to buy or sell any mentioned securities. Avory is based in Miami, Florida with clients all across the globe.
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