[TDOC] Teladoc

You can think of Teladoc as a router for clinical care, receiving patients and connecting them to the right physicians.  The doctors on Teladoc’s platform work as independent contractors and interact with members through: 1/ Teladoc’s app/website; 2/ CVS’ Pharmacy App, which white labels Teladoc’s technology; and 3/ hospitals/clinics, whose providers interact with patients remotely […]

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quick thoughts on the IAC/MDP acquisition rumor

I have a writeup on Teladoc (TDOC) coming next week but felt like throwing out some first impressions on the possibility of IAC acquiring Meredith. I don’t normally comment on rumors but I typed up some thoughts yesterday for my personal file and figured why not share. This past May, Meredith Corp. agreed sell its […]

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[TWLO] Twilio

From its origins as on-premise installations sold to CTOs, enterprise software has expanded to include to SaaS applications sold to business users and now to Application Programming Interfaces (APIs) sold to developers.  As I explained in my Okta post: Twenty years ago, it probably wouldn’t have made sense to fashion a whole company around, say, […]

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Some thoughts on Fiserv / First Data (FISV) and Guidewire (GWRE)

Fiserv (FISV) Even as the largest merchant acquirer and issuer processor in the US, Fiserv is overlooked amid the fintech jubilee.  You should read my 4 part post on merchant acquirers for more detail but to recap, a few years ago Fiserv and First Data merged in a $22bn all stock-deal.  The combined business now […]

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IQVIA [IQV] + quick Wizz Air update

IQVIA is the product of a $23bn merger of equals between IMS Health and Quintiles Transnational.  IMS sells access to the most comprehensive post-clinical data base in the healthcare industry. It sources over 1mn data feeds on 1bn patients through long-term contractual arrangements with >150k data suppliers, including physicians, labs, governments, patients, and health plans […]

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Nvidia (NVDA): Part 2 of 2

I left Part 1 talking about how the demands of high performance compute had outgrown the chip and were increasingly being handled at the level of the data center.  There are two different but related planes of inter-connection inside a datacenter: within a single server (scale-up) and across servers (scale-out).  In a scale-up configuration a […]

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Nvidia (NVDA): Part 1 of 2

At a high level, a computer runs a program by compiling human decipherable instructions into machine readable sequences of commands (threads) that are carried out by processing units (cores) on a CPU.  So when you open a web browser, one thread might tell a processor to display images, another to download a file.  The speed […]

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Update on IAC (+ Vimeo)

Original Post: Yet Another IAC Writeup So the Angi’s bull case is that fixed pricing (aka, “pre-pricing”, aka “Angi Services”), by alleviating friction on each side of the network, should help convert service requests into transactions: service providers would rather be paid for confirmed jobs than play jump ball for leads that may not convert; […]

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