Incremental Insights #61
A weekly collection of investment and business related content
The Second-Order Effects of AI
With 5,000 new customers in 2 quarters, MongoDB proves second-order AI effects are creating massive opportunities beyond just hyperscalers.
FICO’s Dominance Tested: High Rewards, High Risk
FICO controls 90% of U.S. credit scoring but faces threats from VantageScore and its own customers. With scores up 500% since 2022 and another 41% hike planned, is this cash cow sustainable?
Paychex (PAYX)
With strong 41.8% operating margins and a comprehensive HCM platform serving 800k clients, this mature player offers stability in the evolving workplace landscape.
Why Henry Blodgett is Building Another Media Company
Henry Blodgett, once the poster child for internet bubble excess on Wall Street, turned his ban from the securities industry into an opportunity. He leveraged the rise of internet media to build a successful media property that eventually had a profitable exit. Now he's back building on Substack. Perhaps just in time for another technology bubble?