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  • Erika Nardini Joins Food52: Transitioning from Sports to Culinary

    Erika Nardini, the former CEO of Barstool Sports, has taken on a new role at Food52, as CEO of a culinary and home goods company recently valued at $200 million. Transformative Tenure at Barstool Sports Nardini's journey with Barstool Sports began in July 2016, shortly after The Chernin Group acquired a majority stake in the company in January of that year. At the time of her appointment, Barstool Sports was valued between $10 million and $15 million. Under Nardini's leadership, the company's valuation saw unprecedented growth. In her first year as CEO, Nardini doubled the company's valuation to $30 million. This rapid growth continued, with the company reaching a valuation of $100 million by 2018 and a staggering $450 million by 2020. Nardini's ability to scale the business was a testament to her strategic vision and innovative approach to digital media and content. Transition to Food52 Nardini's departure from Barstool Sports in January 2024 marked the end of an era for the company. However, her move to Food52 opens a new chapter in her career. Food52, a dynamic online platform dedicated to the culinary arts and home goods, was founded in 2009 by Amanda Hesser and Merrill Stubbs. The creation of Food52 was fueled by a passion for food and a vision to build a community-driven space where home cooks could find inspiration, share their culinary experiences, and access high-quality kitchen and home products. Founders' Background Like Barstool Sports, Food52 was a founder-run company by Amanda Hesser and Merrill Stubbs. Hesser, a former food editor and writer for The New York Times, had already made her mark in the culinary world with her insightful food writing and her influential book, "The Essential New York Times Cookbook." Stubbs, a talented chef and food writer, shared Hesser's enthusiasm for cooking and her commitment to fostering a vibrant food community. The name "Food52" reflects the founders' goal of creating a year-round resource for home cooks, offering inspiration and guidance 52 weeks a year. The platform quickly gained traction, thanks to its high-quality content, engaging community features, and the founders' dedication to fostering a welcoming and inclusive environment for food enthusiasts. Expanding the Vision As Food52 grew, Hesser and Stubbs expanded the platform beyond recipes and community interaction. They introduced an e-commerce component, curating a marketplace of kitchen and home products that reflected their commitment to quality and design. This move transformed Food52 into a comprehensive culinary and lifestyle brand, offering everything from cookware and utensils to home décor and specialty foods. Role of Community Central to Food52's success has been its vibrant and engaged community very similar to Barstool. The platform's users, affectionately known as "Food52ers," contribute recipes, participate in discussions, and provide feedback. This strong sense of community has helped Food52 build a loyal following and establish itself as a trusted resource. Expanding Food52 The recent investment from TPG, which injected $80 million into Food52, has significantly bolstered the company's resources and capabilities. This funding round has not only propelled the company's valuation to $200 million but also positioned it for further expansion and innovation. With Nardini at the helm, Food52 is poised to leverage her leadership skills to enhance its market presence and drive growth. In short: Nardini's transition from Barstool Sports to Food52 underscores her versatility as a leader and her ability to adapt to new industries. As she takes on this new challenge, her vision and leadership are expected to play a crucial role in shaping the future of Food52.

  • Which Premium Credit Card in India Offers Best Benefits & Rewards?

    In a world where luxury meets practicality, premium credit cards have emerged as the ultimate accessory for professionals seeking to elevate their lifestyle. Designed to cater to those with a taste for the finer things in life, these exclusive cards offer many benefits beyond just financial transactions. Let's explore the world of premium credit cards and discover why they have become a must-have for professionals with discerning tastes. Suggested Income Range: 12 Lakhs+ & Spend Range: 6 Lakhs+ Premium credit cards are designed for those who enjoy a touch of luxury in their lifestyle. They offer a host of travel benefits, including access to both domestic and international airport lounges and a superior rewards rate, among other perks. #1 HDFC Regalia Gold Credit Card Best for: Airport Lounge access & Milestone Benefits Read Review & Apply: HDFC Regalia Gold Review One of the standout benefits of this credit card, beyond the attractive rewards and merchant offers, is the provision of a Priority Pass for all family members. This feature is particularly valuable as it allows the primary cardholder and their family to share the complimentary lounge access limit, ensuring everyone can enjoy a comfortable and relaxed travel experience. Whether for business or leisure, having access to airport lounges can significantly enhance the overall travel experience, offering amenities such as free Wi-Fi, refreshments, and a quiet environment to unwind before a flight. For those who are unable to qualify for HDFC's Super Premium credit cards, this card serves as an excellent alternative, especially in terms of lounge access. It provides a similar level of comfort and convenience, making it a highly attractive option for frequent travelers. The card not only bridges the gap left by the more exclusive options but also ensures that users can enjoy premium travel benefits without the stringent eligibility criteria typically associated with high-end credit cards. This accessibility makes it an appealing choice for a broader range of users seeking luxury travel perks without the higher financial requirements. Explore: In-Depth Review #2 Axis Bank's Atlas Credit Card Best for: ITC & other airline transfers partners Read Review & Apply: Axis Atlas Credit Card Review The Axis Bank Atlas Credit Card offers an impressive reward rate on everyday expenditures, along with the added perks of airport meet and greet, as well as luxury airport transfer services. The card's accelerated rewards on airline and hotel expenses are particularly beneficial for frequent travelers. It stands out as a top choice for 2024 due to its attractive reward rate, although there is a possibility of devaluation in the future. Explore: In-Depth Review #3 Amex Platinum Travel Credit Card Ideal for: Taj Hotel Vouchers & Access to premium airport lounges Read Review & Apply: Amex Platinum Travel Review American Express Platinum Travel Card stands out as the premier travel credit card in India, maintaining its top-tier status for nearly a decade. Renowned for its Taj Vouchers and exclusive access to premium airport lounges, it's a traveler's best asset. My personal experience with this card has been exceptional, as it affords me the opportunity to indulge in a stay at a distinctive Taj property annually, courtesy of the complimentary Taj Vouchers included. Explore: In-Depth Review #4 RBL World Safari Credit Card Best for: 1 Yr Worldwide travel insurance, 0% Forex markup Fee Review: RBL World Safari Credit Card Review RBL World Safari Credit Card stands out as a valuable asset for frequent travelers, providing comprehensive one-year international travel insurance and the added benefit of no markup fees on international expenditures. This card effectively meets the needs of international travelers, eliminating the necessity for super-premium credit cards or separate forex cards. Explore: In-Depth Review #5 HDFC Diners Black Metal Credit Card Ideal for: Earn 5x rewards with the quarterly milestone benefit. The upgraded Diners Black card distinguishes itself from its predecessor, the PVC version, with a metal form factor, increased SmartBuy limits, and an added quarterly milestone benefit, catering well to frequent high spenders. However, a notable drawback is the relatively limited acceptance of Diners cards in India when compared to Visa or MasterCard, necessitating the need for an alternative payment card as a backup. Explore: In-Depth Review #6 ICICI Emeralde Private Credit Card Best for: Welcome benefit & decent ongoing rewards The ICICI Bank Emeralde Private Metal Credit Card is a super premium credit card that offers several benefits, including a 3% overall reward rate on all spends, unlimited domestic and international lounge access, and a Taj Epicure membership with a one-night stay. The card is currently available as an upgrade option for existing Sapphiro/Emeralde credit card holders with higher credit limits. Key Features: Reward Rate: 3% on all spends, with capping limits for specific categories like insurance, utilities, and education. Joining and Annual Fees: Rs. 12,499 + GST, with a waiver condition of spending Rs. 10 lakhs in the next card membership year. Milestone Rewards: Spend Rs. 4 lakhs to receive a 3,000 INR EaseMyTrip voucher and Rs. 8 lakhs to receive another 3,000 INR EaseMyTrip voucher. Redemption: Reward points can be redeemed for flight and hotel bookings, gift vouchers, and statement credit, with a 1:1 redemption ratio for certain brands. Airport Lounge Access: Unlimited domestic and international lounge access for the primary cardholder and up to three add-on card members. Taj Epicure Membership: Includes a one-night stay as a joining benefit. Comparison with Emeralde: Reward Rate: Emeralde Private Metal has a higher default reward rate of 3% compared to the Emeralde card's 1%. Joining and Renewal Points: Emeralde Private Metal offers equivalent reward points for both joining and renewal fees, whereas Emeralde does not offer renewal points. Milestone Benefits: Emeralde Private Metal has a milestone benefit of Rs. 3,000 EaseMyTrip vouchers for 4L and 8L spending, whereas Emeralde does not have this feature. Eligibility: Upgrade Eligibility: The card is available as an upgrade for current Sapphiro/Emeralde credit card holders who have higher credit limits. Income Criteria: Reports indicate that individuals with a monthly take-home salary exceeding Rs. 3 lakhs may be eligible for the upgrade. Additional Benefits: Gift Vouchers: Brands such as US Polo and Allen Solly provide 1:1 redemption ratios for substantial redemption amounts. BMS Offers: Cardholders can avail of a Big Movie Special (BMS) offer, which grants Rs. 750 twice a month for both movie and non-movie bookings. Overall, the ICICI Bank Emeralde Private Metal Credit Card offers a comprehensive set of benefits, making it a valuable option for those who can upgrade to it. #7 Yes Bank Marquee Credit Card Best for: rewards as shopping vouchers Read Review: Yes Bank Marquee Credit Card Review Yes Bank's newly launched Marquee Credit Card is a pretty good Super Premium Credit Card, especially if your spends are largely focused online as it gives you a 4.5% reward rate on online spends. This feature makes it an attractive option for those who frequently shop or make transactions online. However, it's essential to note that Yes Bank doesn't have the ability to transfer points to international airlines or hotels. This limitation might be a drawback for those who value airmiles or loyalty programs with international partners. If you're not particularly interested in Airmiles and are looking for only vanilla rewards, the Yes Bank Marquee Credit Card can still be a great choice. Explore: In-Depth Review Ultimately, the best premium card depends on your spending patterns and the specific benefits that matter most to you. Comparing the annual fees and eligibility criteria can also help determine the most suitable option.

  • Best Entry Level Credit Cards in India

    In India, credit cards are essential beyond convenience, They help build and improve credit history, crucial for securing loans and favorable interest rates from banks. With the recent integration of UPI, credit cards now offer even more convenience. Travel perks and lifestyle benefits further add to their value, making credit cards an indispensable tool. Entry-level credit cards, often referred to as credit cards for beginners, are specifically designed for individuals who are new to using credit cards. These cards offer a range of attractive benefits while maintaining relatively simpler approval criteria. This makes them an ideal choice for those who are venturing into the world of credit cards for the first time. Recommended Financial Profile for Applicants: Suggested Annual Income: ₹5 Lakhs and above Suggested Annual Spend: ₹1 Lakh and above #1 SBI Cashback Credit Card Best for: Up to 5% Cashback on Online Spends Read Review & Apply: SBI Cashback Card The SBI Cashback Card has emerged as the top choice for entry-level cardholders this year, providing an appealing 5% cashback on online expenditures. Even after a recent devaluation, the card continues to be very appealing, with a substantial monthly cashback limit of 5,000 INR, equivalent to monthly expenses of 1 lakh INR. It is especially advantageous for regular online shoppers, offering considerable savings over time. Explore: In-Depth Review #2 Axis Bank's Ace Credit Card Reward Rate: 2% – 5% (as cashback to card) Apply Now: Axis Ace Application The Axis Bank ACE credit card is one of the most rewarding entry-level credit cards available, offering a flat 2% cashback as statement credit. The primary downside is its availability, as it can only be applied for online through a pre-approved offer. If you have this offer, the Axis Ace card can provide substantial savings on your everyday purchases with its straightforward cashback structure. Explore: In-Depth Review #3 Amex MRCC Credit Card Best for: Gold Collection & Points Transfers Read Review & Apply: American Express MRCC Review The American Express Membership Rewards Credit Card (MRCC) is an excellent entry point into the world of Amex. By using this card to earn the 2000 MR bonus points monthly, you can easily achieve a return of 6% on your spends. In addition to earning points, cardholders gain access to exclusive Amex Offers, including merchant deals and spend-linked offers, which can provide additional savings and benefits throughout the year. Explore: In-Depth Review #4 Amazon Pay ICICI Bank Card Best for: 5% Return on Amazon Spends Apply from Amazon App: ICICI Amazon Pay Application The ICICI Amazon Pay Credit Card is a must-have for frequent Amazon shoppers, especially for Amazon Prime members. Offering a 5% return on Amazon spends, this card provides excellent value for those who shop regularly on the platform. Additionally, the card comes with the added benefit of being lifetime free, making it an ideal choice for budget-conscious consumers looking to maximize their savings on Amazon purchases. Explore: In-Depth Review #5 HDFC Bank Tata Neu Infinity RuPay Card Best for: UPI Spends & utility payments Read Review & Apply: Apply Now The HDFC Bank Tata Neu Infinity Rupay Credit Card stands out as a singular choice for UPI transactions. It provides substantial rewards on UPI expenditures and a compelling 5% cashback on utility bill payments. Additionally, cardholders benefit from exclusive Tata Neu promotions, such as the recent discount on Tata Motors car bookings. Explore: In-Depth Review #6 Axis Bank Vistara Infinite Credit Card Best for: Flying Vistara Business Class Read Review & Apply: Axis Bank Vistara Infinite Review The best airline credit card in the country consistently offers excellent rewards, even after many years of existence. It is an essential card for frequent Vistara flyers due to its gold tier benefits (available only in the first year) and for those who enjoy the business class experience, as it provides one complimentary business class ticket for approximately every 2.5 lakh spent. Explore: In-Depth Review If you already possess three Axis cards, you might consider the IndusInd Vistara Explorer Credit Card, which offers similar benefits but requires a slightly higher spending threshold. #7 HDFC Infinia Credit Card The Infinia credit card has been a long-standing aspiration for many, offering 5X Rewards and a respectable reward rate on everyday expenditures. If you're in search of a versatile credit card to cover all your spending needs beyond the Axis Magnus, Infinia is an excellent choice. Should Infinia be out of reach, the Diners Black (pvc) card is a comparable alternative, providing the same reward rate, albeit with a lower cap on accelerated rewards. Explore: In-Depth Review Conclusion Entry-level credit cards offer a range of benefits tailored to new credit card users. Whether you're looking for cashback on online purchases, rewards on everyday spending, or benefits on specific platforms like Amazon, there's a card to suit your needs. These cards not only help you save money but also assist in building your credit history, paving the way for future financial opportunities.

  • Everything We Know About Dave Portnoy’s Pizza Fest

    If you are a fan of pizza and Barstool Sports, you might want to mark your calendar for September 23, 2023. That’s when Dave Portnoy, the founder of Barstool Sports and the host of the popular One Bite pizza reviews, is hosting his first-ever food and music festival: Dave Portnoy’s One Bite Pizza Festival. The festival, which will take place at Maimonides Park in Coney Island, Brooklyn, will feature more than 35 of the world’s greatest pizzerias, including some of Portnoy’s top-rated ones from his One Bite app and videos. Here are some of the names that have been announced so far: Lucali Sally’s Apizza Patsy’s Pizzeria Prince Street Pizza John’s of Bleecker Street DeLorenzo’s Tomato Pies Di Fara Pizza Frank Pepe Pizzeria Napoletana Angelo’s Pizzeria South Philly And many more! The festival will also offer interactive pizza experiences, such as a pizza-making workshop, a pizza-eating contest, and a pizza trivia game. Plus, all attendees will get complimentary access to an Italian Dessert Village, featuring NYC favorites like The Lemon Ice King, Ferrara Bakery, Sal & Jerry’s Bakery, and Caffè Arrone. But that’s not all. The festival will also have live performances from musical artists such as Teddy Swims, DJ Irie, and Pup Punk, a parody band featuring some of the Barstool personalities. And of course, Portnoy himself will be there to host the event and do his first-ever One Bite Live on the main stage. Sounds like a dream come true for pizza lovers, right? Well, there is one catch: the tickets are not cheap. The all-inclusive all-you-can-eat pizza tickets start at $149.99 and go up to $299.99 for VIP access4. That might seem like a lot of dough for a slice of pie, but Portnoy claims that it’s worth it. “Don’t sleep on these tickets before they all sell out,” he said in a video announcing the festival. "This is going to be the greatest day in the history of pizza." If you are interested in attending this culinary Mecca of pizza, you can register for the pre-sale now at onebitepizzafest.com and get your tickets starting Friday, Aug. 4, at 10 a.m. ET. But hurry up, because they might sell out fast. And remember: one bite, everybody knows the rules.

  • How Scale AI Became a $7 Billion AI Data Powerhouse: Business Model Breakdown

    Scale AI, a San Francisco-based startup that provides data labeling and annotation services for artificial intelligence, has emerged as one of the most valuable players in the AI industry. The company has raised over $600 million from prominent investors such as Excel Founders Fund and Index Ventures and boasts a valuation of more than $7 billion. With that hefty valuation co-founder and CEO, Alexander Wang became the youngest self-made billionaire in 2021 at the age of 24 (in terms of paper valuation) In this article, We will break down Scale AI's business model, How is it they actually do? How much do they make money? What is Scale AI's future? Early Days of Scale AI So Scale AI was born in YC's 2016 batch from the minds of two prodigies: Lucy Guo and Alexander Wang. Lucy, a Carnegie Mellon University dropout and a Thiel Fellow, had worked at tech giants like Facebook (now Meta), Quora, and Snapchat. Alexander, a former tech lead at Quora while still in high school. The two met at Quora and decided to launch Scale AI together. The original idea behind Scale AI was to create an API for human tasks, offering an on-demand workforce to perform various tasks that were too difficult for algorithms. However, as the demand for AI training data soared, Scale AI shifted its focus to become a data labeling and annotation platform, helping big companies transform raw data into high-quality training data for AI development. In simple terms, Companies like Tesla give all their raw data (unlabeled data) to Scale which uses its AI and cheap labor to label roads, pedestrians etc. This helps Telsa to train its cars to not hit pedestrians making its Self-driving cars smarter. Scale AI's Business Model Data labeling and annotation is the main service that Scale AI offers today. Its core product is the Scale API, which allows customers to access a network of human annotators and machine learning models to label and annotate various types of data, such as images, text, audio, video, and 3D point clouds. They also offer two generative AI platforms, Scale Donovan for enterprises and Scale Donovan for the US government and defense, enabling smarter decision-making and better organization of data. The Scale API supports a wide range of use cases, such as autonomous driving, natural language processing, computer vision, robotics, and e-commerce. Some of Scale AI’s notable customers include OpenAI, Pinterest, Airbnb, DoorDash, Lyft, and Nuro. Scale AI claims that its data labeling and annotation services are faster, cheaper, and more accurate than other alternatives. The company also says that it uses advanced quality assurance processes and feedback loops to ensure the consistency and reliability of its data. In 2022, Scale AI made over $290 Million in revenue with a 61% Growth Rate according to Sacra Platforms. t is important to note that Scale AI's revenues are inflated due to the recent AI frenzy in the market. We saw this with Nvidia which recently crossed $1 Trillion in market cap, In the long term companies like Scale AI will definitely struggle after the AI buzz cools down and will have to look for sources to sustain its growth. Scale AI’s Criticisms One of the main criticisms that Scale AI faces is the ethical and social implications of its data labeling and annotation practices. Remotetasks, a Scale AI subsidiary hires a large pool of human workers, mostly from developing countries, to perform tedious and low-paid tasks sometimes less than $1/ per hour to label data. On the website's homepage, The company claims to pay over $15 million since its inception to over 240,000 workers. The data which these companies give to Scale AI may be sensitive or personal, This is a big concern regarding privacy and security. We did an interview with a Remotetask worker, He told us that the company pays him between $1~$2 for an hour of data labeling this rate also depends upon the type of tasks done by them. For example, If they label images by choosing between 4 options, they are paid less but if they describe the image for about 40 words, they get paid a $1 dollar more. Other big companies also do this, Google is notorious for not paying even a cent to data labelers. They promise to gift a hamper to the highest person on the leaderboard (who does the most tasks for free). The gift is also not fancy it contains a generic bag and bottle. Scale AI is also facing increasing competition from other players in the data labeling and annotation market, such as Amazon Mechanical Turk, Labelbox, CloudFactory, and Appen. These competitors may offer similar or better services at lower prices or with more features. Scale AI will have to constantly innovate and improve its products and services to maintain its edge and reputation in the industry. Scale AI’s vision for the future of AI is to create a platform that can handle any type of data and any type of task. The company believes that by providing high-quality data for AI development, it can enable the creation of more powerful and beneficial AI applications that can solve some of the world’s most pressing problems. Scale AI also hopes to democratize access to AI by making it easier and cheaper for anyone to use its platform. As Alexander Wang said in an interview with Forbes: “We want to be the AWS for AI.”

  • How Orlando Bravo built a $130 Billion Software Powerhouse?

    Orlando Bravo is a billionaire private equity investor and the co-founder and managing partner of Thoma Bravo, a firm that focuses solely on software deals. He has been named "Wall Street's best dealmaker" by Forbes and "Private equity's king of SaaS" by the Financial Times. In today's article, We will explore how he built Thoma Bravo which has over $130 Billion in AUM. Orlando Bravo's Background Orlando Bravo was born in Mayaguez, Puerto Rico, where his grandfather and father ran a shipping business. He graduated from Brown University with a degree in economics and political science, and then earned a JD from Stanford Law School and an MBA from Stanford Graduate School of Business. He started his career as an investment banker at Morgan Stanley, where he developed an interest in software. He joined Thoma Bravo in 1998, when it was still called Thoma Cressey Equity Partners, and became a partner in 2003. He led the firm's early entry into software buyouts, convinced that software was the future of every industry. He also saw an opportunity to apply a strategy of operational improvement and growth acceleration to software companies, which were often undervalued and undermanaged. He split with his healthcare-focused partner Brian Cressey in 2008 and created Thoma Bravo with Carl Thoma, a software-dedicated buyout shop. Since then, he has overseen over 440 software acquisitions conducted by the firm, representing more than $250 billion in transaction value. He has also expanded the firm's strategy to include minority growth equity investments in software companies through its Growth platform. Bravo's Investment Strategy and Performance Orlando Bravo has a clear and consistent investment strategy that has delivered superior returns for his investors. He invests only in well-established software companies, especially those with clearly discernible moats, such as high switching costs, recurring revenue streams, loyal customers, and strong market positions. He avoids startups, turnarounds, or unproven technologies. He then works closely with the management teams of his portfolio companies to improve their operations, margins, and growth rates. He leverages his firm's expertise and network in the software industry to help them optimize their pricing, sales, marketing, product development, customer service, and M&A strategies. He also encourages them to invest in innovation and customer satisfaction. Big Exits Ellie Mae: Thoma Bravo acquired Ellie Mae, a leading provider of cloud-based solutions for the mortgage industry, for $3.7 billion in 2019. It helped Ellie Mae grow its revenue by 40%, expand its market share by 50%, and launch new products and services. It then sold Ellie Mae to Intercontinental Exchange for $11 billion in 2020, generating a 3x return on its investment. Qlik Technologies: Thoma Bravo took Qlik Technologies, a leader in data analytics and business intelligence software, private for $3 billion in 2016. It helped Qlik transition from a license-based model to a subscription-based model, increase its cloud revenue by over 300%, acquire new customers and partners, and enhance its product portfolio. It then sold Qlik to Bain Capital for $5.3 billion in 2021, generating a 1.8x return on its investment. Planview: It acquired Planview, a provider of project and portfolio management software, for $1.6 billion in 2017. It helped Planview grow its revenue by over 50%, expand its product offerings, and make strategic acquisitions. It then sold Planview to TPG Capital and TA Associates for $4 billion in 2020, generating a 2.5x return on its investment. Cority: It acquired Cority, a provider of environmental, health, safety and quality software, for an undisclosed amount in 2019. It helped Cority grow its revenue by over 40%, expand its global presence, and enhance its product capabilities. It then sold Cority to EQT Partners for an undisclosed amount in 2021, generating a reportedly high return on its investment. Big Buyouts Proofpoint: Thoma Bravo completed the take-private acquisition of Proofpoint, a leading cybersecurity and compliance company, for approximately $12.3 billion in 2021. This represents not only Thoma Bravo’s largest investment to date, but the largest cloud deal in private equity history. Thoma Bravo plans to help Proofpoint accelerate its growth, innovation, and customer success in the cybersecurity market. Medallia: They completed the acquisition of Medallia, a leader in customer and employee experience management software, for approximately $6.4 billion in 2021. Thoma Bravo intends to help Medallia expand its product portfolio, customer base, and global footprint in the experience management market. Talend: It is a leader in data integration and data integrity software, for approximately $2.4 billion in 2021. Thoma Bravo aims to help Talend accelerate its cloud transformation, innovation, and growth in the data market. Magnet Forensics: They completed the acquisition of Magnet Forensics, a provider of digital forensics software, for approximately CA $1.8 billion (US$1.4 billion) in 2022. Thoma Bravo plans to help Magnet Forensics expand its product offerings, customer segments, and geographic reach in the digital forensics market. According to its website, Thoma Bravo has achieved an annual gross internal rate of return (IRR) of 30% across all funds since inception. It has also surpassed $100 billion in assets under management as of March 31, 2021. Orlando Bravo is different from other venture capitalists like Sequoia and Tiger Global in several ways. First, he is not a venture capitalist, but a private equity investor, which means he buys majority stakes in mature companies rather than minority stakes in startups. He does not take on the risk of backing unproven ideas or technologies but rather focuses on enhancing the value of existing businesses. Second, he is more focused and specialized in software than other private equity firms, which may invest in a variety of sectors and industries. He has developed a deep understanding of the software market dynamics, trends, opportunities, and challenges. He has also built a strong reputation and network among software entrepreneurs, executives, customers, and advisors. Third, he is more aggressive and ambitious in pursuing large and complex deals, such as taking public companies private or merging multiple software businesses. He has the ability to raise large amounts of capital from his investors and co-investors to finance these transactions. He also has the experience and skill to execute these deals successfully and create synergies among his portfolio companies. Other venture capitalists can learn from Orlando Bravo's secrets to success, such as: - Finding a niche and becoming an expert in it - Investing in companies with strong competitive advantages and loyal customers - Working closely with management teams to improve their operations and growth - Encouraging innovation and customer satisfaction - Pursuing large and complex deals that create value Conclusion Orlando Bravo is a successful private equity investor and the co-founder and managing partner of Thoma Bravo, a firm that focuses solely on software deals. He has achieved remarkable success in the software industry by following a clear and consistent investment strategy, improving the operations and growth of his portfolio companies, and pursuing large and complex deals. He is different from other venture capitalists in terms of his focus, specialization, and aggressiveness. He has also made a positive impact on the software landscape and society through his investments and philanthropy. He is a role model and a leader for anyone who wants to succeed in the software industry.

  • Reddit’s API War: How a Billion-Dollar Company is Killing its Best Apps

    If you are a fan of Reddit, you may have noticed that some of your favorite third-party apps are shutting down or announcing their imminent demise. In this article, we will explain the background and details of this drama, and what it means for the future of Reddit and its community. What is an API and why does it matter? An API, or application programming interface, is a set of rules and protocols that allow different software applications to communicate and exchange data with each other. For example, when you use a third-party app like Apollo to browse Reddit, the app sends requests to Reddit's API to fetch posts, comments, votes, messages, etc., and then displays them in a user-friendly interface on your device. The API also allows the app to send data back to Reddit, such as when you upvote a post, reply to a comment, or create a new post. APIs are essential for creating diverse and innovative applications that can leverage the data and functionality of existing platforms. However, APIs also come with costs and limitations. The platform that provides the API has to maintain servers, bandwidth, security, and updates to handle the requests from the apps. The platform also has to ensure that the apps using its API are following its terms of service, policies, and guidelines. Therefore, the platform may charge fees or impose quotas or restrictions on the apps that use its API. What did Reddit change and why? On May 25th, 2023, Reddit announced that it was revising its API pricing model effective from July 1st, 2023. The new model would charge app developers based on the number of requests they make to the API per month. The first 10 million requests would be free, but after that, each additional request would cost $0.002. This means that if an app makes 20 million requests in a month, it would have to pay $20,000 to Reddit. Reddit explained that this change was necessary to cover the costs of providing the API service and to ensure its quality and reliability. Reddit also claimed that this change would only affect a small number of apps that were making excessive or inefficient requests to the API. Reddit said that it had contacted these app developers in advance and offered them assistance and guidance on optimizing their apps and reducing their API usage. How did Apollo and other apps react? However, many app developers were not happy with this change and felt that it was unfair and unreasonable. They argued that Reddit was effectively pricing them out of business and forcing them to shut down their apps or pass on the costs to their users. They also said that Reddit had not given them enough support to make the necessary app changes. One of the most vocal critics was Christian Selig, the developer of Apollo. He posted a detailed explanation on his subreddit r/apolloapp about how this change would affect his app and his livelihood. He said that Apollo was making about 30 million requests per month on average, which would cost him $40,000 per month under the new model. He said that this was far more than what he was earning from his app through ads and subscriptions. He also said that he had not received any communication from Reddit about this change until May 25th, when he received an email informing him about it. Selig said that he had tried to optimize his app as much as possible over the years, but there were some limitations imposed by Reddit's API design and features that prevented him from reducing his requests further. He also said that he had tried to contact Reddit several times to discuss this issue and seek a solution, but he had not received any help from them. Selig said that he had no choice but to shut down Apollo by June 30th unless Reddit changed its mind or offered him a reasonable alternative. He also said that he loved working on Apollo, but he could not afford to lose money every month for doing so. Selig's post received a lot of support and sympathy from his users and other app developers who were facing similar problems. Many other third-party apps announced their plans to shut down or limit their functionality due to Reddit's API change. Some examples are Sync, RIF, Reddplant, Boost for Reddit, Slide for Reddit, Joey for Reddit, etc. How did Reddit's CEO respond? Reddit's co-founder and CEO, Steve Huffman, aka u/spez, decided to address this issue and answer some questions from the community in an AMA (Ask Me Anything) session on June 9th, 2023. However, instead of offering an apology or a compromise, he doubled down on his accusations against Selig and other app developers. He said that Reddit's API change was fair and reasonable and that it only affected a small number of apps that were making inefficient or excessive requests to the API. He said that Reddit had contacted these app developers in advance and offered them help and guidance on optimizing their apps and reducing their API usage. Huffman also singled out Selig and accused him of extortion and blackmail. He said that Selig had threatened to shut down Apollo unless Reddit paid him $20 million per year. He said that this was unacceptable and unethical behavior and that he could not see Reddit working with Selig in the future. Huffman's AMA was met with a lot of criticism and backlash from the Reddit community. Many users accused him of being dishonest, arrogant, and disrespectful. They said that he was ignoring the facts and evidence presented by Selig and other app developers and that he was trying to discredit them and shift the blame. They also said that he was harming Reddit's reputation and alienating its users by forcing them to use the official app or the website, which many users found inferior or unsatisfactory. What is the future outlook? As of June 13th, 2023, there has been no resolution or change in the situation. Reddit's API change is still scheduled to take effect on July 1st, 2023, and many third-party apps are still preparing to shut down or limit their functionality by then. Selig has not received any response or offer from Reddit and has confirmed that Apollo's last day of operation will be June 30th, 2023. The future outlook for Reddit and its community is uncertain and bleak. Many users are unhappy and frustrated with Reddit's decision and Huffman's attitude, and are considering leaving the platform or finding alternatives. Many app developers are disappointed and discouraged by Reddit's lack of support and appreciation for their work and are losing their motivation or passion for creating apps for Reddit. Many observers are wondering if Reddit is making a strategic mistake or a fatal error by alienating its loyal and passionate users and developers. Reddit may have some valid reasons for changing its API pricing model, but it may have also underestimated the impact and consequences of doing so. Reddit may have hoped to save some costs or improve some metrics by doing so, but it may have also lost some trust and goodwill from its community by doing so. Reddit may have tried to defend its decision or justify its actions by doing so, but it may have also damaged its reputation or credibility by doing so.

  • Page Twenty One HQ #4

    In this article, we talk about what's new happening on Page 21 HQ To readers, Page 21 HQ is a monthly company update to inform readers on what's happening inside the HQ as we believe transparency is critical in building an audience. What's new: Happenings at Page21 HQ Enterprise-focused newsletter brands More long-form content Paywall on business case studies By Numbers: The website's monthly visitors grew to 9,979 (Google Analytics) Pinterest views also dropped to 56K monthly view Website impressions increased to 137K YouTube channels views stayed flat at 87.7K views Website revenue grew by 26% while YouTube ad revenue dropped by 4.3% Next few months: We will focus on long-form content and of course TLDR News. The newsletter will remain our main focus, We hope to introduce more newsletter brands to cover more topics. Any news update will be posted on Twitter @prakhar.48 Thank You, See you next month!

  • Wall Street Pushes Jamie Dimon to Run for President in 2024

    Jamie Dimon, the chief executive officer of JPMorgan Chase & Co., has been urged by some of his Wall Street peers to run for president in the next election after he hinted that he has considered pursuing a political career. Bill Ackman, the billionaire founder of Pershing Square Capital Management, said in a lengthy tweet that Dimon is a "great American" who has the "courage, character, judgment and leadership skills" to be president¹. Ackman added that Dimon has a "unique understanding" of the economy, business, government, and foreign affairs and that he would have his "full support" if he decides to run. Dimon, 67, said in a Bloomberg Television interview on Wednesday that he loves his country and that "maybe one day" he will serve it in one capacity or another. He did not specify what kind of public office he had in mind, but his comments sparked speculation about his potential presidential ambitions. Dimon is among the most powerful and respected figures in corporate America. He has built a banking empire at JPMorgan Chase, the largest US bank by assets, and his advice is sought by presidents, prime ministers, and central bankers. He has also been outspoken on various public policy issues, such as immigration, infrastructure, education, and health care. However, Dimon has also faced criticism and controversy for his role in the financial crisis of 2008-2009, when JPMorgan Chase received billions of dollars in government bailouts and acquired troubled rivals such as Bear Stearns and Washington Mutual. He has also clashed with regulators over the bank's risk management practices and paid billions of dollars in fines and settlements for various misconduct cases. Dimon has repeatedly joked that he plans to remain atop JPMorgan Chase for five more years, no matter when he is asked. He has also been quick to shut down speculation of a presidential run that has cropped up periodically over the past decade. In 2018, he said he could beat Donald Trump in an election, saying he was "as tough" and "smarter" than him. Later that same day, he said he shouldn't have picked the fight and that he wasn't running for president. Some analysts have questioned whether Dimon would have a realistic chance of winning the presidency, given his age, his Wall Street background and his moderate political views. He has described himself as a "patriotic Democrat" who is "barely" a Democrat⁴. He has also expressed frustration with both major parties and the political gridlock in Washington. Still, some of his supporters believe that Dimon could appeal to a broad range of voters who are looking for a pragmatic and experienced leader who can tackle the economic and social challenges facing the country. They also point to his philanthropic efforts, such as the $500 million pledge to revitalize struggling US cities that he announced in 2018. Dimon has not given any clear indication of his plans for the future, but he has said that he will continue to serve his country in some way. "I love what I do," he said on Wednesday. "I love helping Americans, for helping countries around the world."

  • Ginkgo Bioworks: Rise and Fall of $15 Billion Biotech Unicorn

    Ginkgo Bioworks was a $15 Billion biotech company backed by investors like Cathie Wood, and Bill Gates. It specializes in using genetic engineering to produce bacteria with industrial applications for other biotech companies. Since its market debut, Ginkgo Bioworks stock has plunged by a whopping 80%. This is due to doubts about its valuation, technology, and business model. Scorpion Capital, a notorious short-seller, alleged that Ginkgo was faking its revenue through a complex scheme. In this article, we will take a closer look at the history, business model, and finances of Ginkgo Bioworks, and try to understand how it went from being a promising biotech unicorn to being accused of being a massive fraud. We will also explore the potential and challenges of synthetic biology as a field, and whether Ginkgo Bioworks has any real value or impact. History of Ginkgo Bioworks Ginkgo Bioworks was founded in 2008 by five MIT scientists: Tom Knight, Reshma Shetty, Jason Kelly, Barry Canton, and Austin Che. Originally named DNA 2.0, and was based on the idea that DNA could be used as a digital code to program cells like computers. The founders were inspired by the vision of synthetic biology, which aims to create novel biological systems and products that can address global challenges such as climate change, food security, and health care. The company’s name was changed to Ginkgo Bioworks in 2011, after the ginkgo tree, which is one of the oldest living organisms on Earth. The company’s logo is a stylized representation of the ginkgo leaf, which has a distinctive fan shape. The company’s motto is “The Organism Company”, which reflects its mission to engineer organisms for various applications in industries such as agriculture, pharmaceuticals, and chemicals. Ginkgo Bioworks's Business Model Ginkgo's core technology is its platform that uses automation and machine learning to design, test, and optimize synthetic organisms in its “foundry”. The platform consists of software, hardware, and wetware components that enable rapid and scalable engineering of microbes. The software component includes tools for designing DNA sequences, simulating biological pathways, and analyzing data. The company’s business model is to offer its platform as a service to other biotech companies, saving them the cost and time of reproducing the initial stages of design in synthetic biology. The company charges its customers for the use of its foundry and also takes royalties or shares of its customers’ revenues. Although it should be noted that Ginko hasn't really invented anything new all of the hardware for their foundry are purchased from companies like Thermo Fisher and Pacific biosciences while Ginkgo has developed some proprietary software to operate these machines, The machines are commercially available to all of Ginkgo's competitors. The company has partnered with several companies such as Bayer, Roche, and Cargill, to engineer microbes for various applications such as producing nitrogen fertilizer, manufacturing antibiotics, and fermenting animal feed. Rise of Ginkgo Bioworks The company has been one of the most successful and well-funded biotech startups in the world, raising over $2 billion from investors such as Viking Global, Baillie Gifford, Bill Gates, and Cathie Wood’s Ark Invest. The company went public in September 2021 via a SPAC merger with Soaring Eagle Acquisition Corp., valuing it at $15 billion. The company also acquired the ticker symbol “DNA” from Genentech, who stopped using it after they were acquired by Roche. However, the company’s prospects have been challenged by a scathing short-seller report from Scorpion Capital, which accused Ginkgo of being a “colossal scam” and a “Frankenstein mash-up of the worst frauds of the last 20 years”. Even MIT magazine was not impressed by Ginkgo Bioworks’ story. The article questioned the company’s valuation of $15 billion, which is based on its vision and potential rather than its actual products and revenue. It seems that the magazine is not very supportive of its own alumni’s ventures, especially when they involve synthetic biology. Read the article. Short Report’s Allegations Scorpion Capital released a 175-page report on Ginkgo Bioworks, based on research and conversations with former and current employees of both Ginkgo and the companies it works with. The report made several damning allegations against Ginkgo, such as: Inflating its revenue with related-party transactions: The report claimed that most of Ginkgo’s revenue comes from providing research services to other entities that it created, funded, or controlled, such as Joyn Bio, Motif Foodworks, and Cronos Group. According to Scorpion Capital, The majority of its foundry revenue, an absurd 72% in 2020, and essentially 100% of its deferred revenue are derived from related-party “customers” it created, funded, controls, or influences via its ownership position and board seats. Investments into these entities by Ginkgo and its largest investors are recycled back to Ginkgo and recorded as deferred or current revenue. The scheme reflects its woeful, decade-long failure to derive real revenue from third-party customers, forcing it to cover it up with a ploy that we believe to be enabled by its largest holders. These entities are not independent third-party customers, but rather shell companies that exist to funnel money to Ginkgo and inflate its valuation. The report also alleged that Ginkgo uses accounting gimmicks to recognize revenue upfront from these entities, even though they have not paid any cash or delivered any products. An ex-employee of Ginkgo who worked at Intrexon stated that Ginkgo copied their playbook; says he’s “been around the block enough times to understand” Ginkgo’s related-party games; and noted it’s the same model where money is “going from the left hand to the right.” The report also accused Ginkgo of lying about its involvement in covid-19 vaccine and therapeutic development, and of overstating its potential in other markets such as agriculture, nutrition, and health. Ginkgo-Synlogic Scam Scorpion Capital accused Ginkgo of faking its revenue with its own subsidiaries, where Ginkgo creates, funds, or controls other entities that act as its customers. One example of such an entity is Synlogic, a biotech company that develops synthetic biotic medicines using Ginkgo’s platform. In June 2019, Ginkgo and Synlogic announced a scheme that involved an $80 million equity investment at a premium in Synlogic by Ginkgo and entry into a long-term strategic platform collaboration. However, the investment was not a cash payment, but rather a gave Synlogic the right to buy Ginkgo’s shares at $9 per share. The collaboration was not based on cash payments, but rather on research credits that Synlogic could use to access Ginkgo’s platform. Scorpion Capital exposed the Ginkgo-Synlogic scheme as a sham and a shell game, where Ginkgo is essentially paying itself to generate revenue. The report claimed that Synlogic is not a bona fide customer of Ginkgo, but rather a related party that is controlled by Ginkgo. The report pointed out that Ginkgo owns 13.5% of Synlogic’s shares, and that Ginkgo’s largest shareholder, Viking Global Investors, also owns 16.4% of Synlogic’s shares. Scorpion also claimed that Synlogic is not a viable company, but rather a money-losing venture that has no meaningful products or revenues. The report said that Synlogic has been burning cash at an alarming rate, with a cumulative net loss of $338 million since its inception. It also pointed out that Synlogic has no approved products or late-stage clinical trials, and that its lead candidate, SYNB1618, for phenylketonuria (PKU), failed to show any efficacy in a phase 2 trial. The report argued that Synlogic is dependent on Ginkgo’s funding and services to survive. Short Report’s Impact The report had a significant impact on Ginkgo’s stock price and reputation. On the day of the report’s release, Ginkgo’s stock price dropped by 24%, wiping out $4 billion of its market value. The stock price has continued to decline since then, reaching a low of $2.99 on January 12, 2022, down 71.8% from its IPO price of $10.604. On October 6, 2021, the same day as the report’s release, a class action lawsuit was filed against Ginkgo, Soaring Eagle, and their executives, alleging that they violated federal securities laws by making false and misleading statements about Ginkgo’s business, operations and prospects. On November 19, 2021, another class action lawsuit was filed against Ginkgo and its executives, accusing them of trying to conceal that most of Ginkgo’s revenue was generated through other entities it created, funded, or controlled. On December 9, 2021, Ginkgo disclosed that it had received a subpoena from the Securities and Exchange Commission (SEC) requesting information related to its revenue recognition policies and practices. Ginkgo's Financials Ginkgo’s total revenue was $478 million in 2022, representing an increase of 52% over 2021 and toward the high end of guidance. This revenue was mainly driven by its Biosecurity business unit, which provides COVID-19 testing and genomic surveillance services. Ginkgo’s Biosecurity revenue was $334 million in 2022, representing growth of 66% over 2021 and more than doubling the original guidance provided in March 2022. Ginkgo’s other main source of revenue is its Cell Engineering business unit, which offers cell programming services to customers across markets such as food, health, and consumer goods. Ginkgo’s Cell Engineering revenue was $144 million in 2022, representing growth of 27% over 2021. Ginkgo added 59 new Cell Programs to its platform in 2022, representing 90% growth over 2021 and toward the high end of guidance. However, Ginkgo also incurred significant losses in 2022. The company reported a net loss of $337 million in 2022, compared to a net loss of $217 million in 2021, an increase of 55%. This was mainly due to higher operating expenses, such as research and development, sales and marketing, and general and administrative costs. Ginkgo’s operating expenses were $815 million in 2022, compared to $434 million in 2021, an increase of 88%. For 2023, Ginkgo expects its total revenue to be between $500 million and $550 million, representing a growth of 5% to 15% over 2022. The company expects its Cell Engineering revenue to be between $200 million and $250 million, representing a growth of 39% to 74% over 2022. The company expects its Biosecurity revenue to decline by 10% to 20% because Ginkgo anticipates a decrease in testing demand as the pandemic subsides. Final Thoughts Ginkgo, like many other young companies in this field, has a big problem with huge net losses. The company lost almost $205 million in the quarter, or 11 cents per share, which was worse than what analysts expected by 2 cents. This loss was smaller than the same quarter last year, which had a big charge for paying employees with stock. But adjusted EBITDA was negative $100 million, compared to almost breaking even a year before. These big losses are making the company spend a lot of cash right now. Free cash flow was negative $110 million in the quarter, up from less than $25 million in the same quarter last year. This is not a big issue right now because the company had $1.2 billion in cash at the end of Q1, but it will need to be careful. The main issue here is that a lot of the net loss adjustments on the cash flow statement are because of paying employees with stock, which means investors are getting less ownership of the company every quarter. In short: Ginkgo Bioworks is a synthetic biology company that has been targeted by a short-seller report from Scorpion Capital, which accused it of being a colossal scam and a Frankenstein mash-up of the worst frauds. The report had a negative impact on Ginkgo’s stock price and reputation and triggered legal actions and investigations against the company. Ginkgo has denied the allegations and defended its business model and performance, and published a rebuttal to the report. The outcome of this dispute remains to be seen, as both sides have presented conflicting arguments and evidence.

  • Restaurant Brands Asia (RBA) Reports Strong Performance in Q1 FY23 Earnings Call Highlights

    Restaurant Brands Asia ($RBA), the quick-service restaurant company, held its Q1 2023 earnings call, highlighting impressive growth and outlining strategic initiatives for the future. Rajeev Varman, CEO of RBA, along with other key executives, shared the company's achievements and plans with participants. Here are the key highlights from the call: Strong Financial Performance: Gross profit margins remained robust at 66.5% throughout the year. The company targets a 67% gross profit margin for the upcoming year, with a further 2% improvement in the following years. Efforts to control costs and improve efficiency have shown positive results, with a target of 10% SSG regrowth by the end of FY2024. Expansion Plans: The company aims to reach 450 stores by FY2024, with a long-term goal of 700 stores by December 2026. In India and Indonesia combined, Restaurant Brands Asia plans to have 325 stores by reaching the milestone of 700 stores in the next three years. Focus on expanding Popeye's brand, targeting 25 stores by March 2023 in Indonesia. The company aims to achieve cash breakeven in Indonesia by FY2024. While this presents exciting growth opportunities, penetrating new markets like Indonesia will be challenging and expensive due to varying consumer preferences, local competition, and regulatory complexities. Building a Strong Dessert Portfolio: Recognizing the high consumption of desserts in the Indonesian market, Restaurant Brands Asia capitalized on this opportunity. Partnering with Nestle, the company launched its first branded dessert called "KitKat Fusion" at an affordable price of 16,000. The launch of KitKat Fusion resulted in three times the volume of sales and a significant increase in customer engagement. The company plans to launch innovative and affordable desserts throughout the year as part of its ongoing strategy. Enhanced Efficiency and Cost Management: Continued focus on driving down costs through increased buying quantities and decreased transportation costs. Efforts to reduce consumption and optimize utilities to combat inflationary pressures. Stabilization of investments made in Q2 2022, leading to a decrease in labor costs and improved cost-per-labor ratios. Advertising and Media Spend: The company's media spend, governed by its marketing fund, will remain at 5% of total revenues. Despite the inflationary environment, the company plans to continue investing in advertising and communication to promote its restaurants. The company has substantial resources within the 5% media spend to support its promotional activities. Competition and Growth Outlook: Recognizing the evolving competition, the company views every cuisine as a competitor, not just within the QSR category. Although there is competition from both national and local players, Restaurant Brands Asia remains confident in its in its ability to differentiate itself through its unique brand offerings, quality food, and excellent customer service. Digital Transformation and Technology: Restaurant Brands Asia continues to invest in digital initiatives to enhance the customer experience and drive sales. The company has successfully implemented online ordering and delivery services, which have contributed to increased sales during the pandemic. Ongoing efforts to improve digital platforms and loyalty programs are expected to further boost customer engagement and retention. Sustainable Practices and Social Responsibility: Restaurant Brands Asia remains committed to sustainability and social responsibility. Company has implemented various eco-friendly initiatives, such as reducing single-use plastic, optimizing waste management, and promoting energy-efficient practices. Furthermore, Restaurant Brands Asia actively participates in community outreach programs and supports local charitable organizations. International Markets and Future Expansion: Restaurant Brands Asia is well-positioned to capitalize on the growth potential in international markets. The company is exploring opportunities to expand its presence in other Southeast Asian countries, leveraging its successful business model. Strategic partnerships, joint ventures, and franchise agreements are among the avenues being pursued to accelerate expansion. Link to the Earnings Call Transcript: RBA BSE In conclusion, Restaurant Brands Asia's Q1 2023 earnings call showcased the company's strong financial performance, expansion plans, and strategic initiatives. With a focus on building a robust dessert portfolio, enhancing efficiency, and investing in digital transformation, the company is well-prepared to capitalize on growth opportunities while maintaining its commitment to sustainability and social responsibility, it also faces obstacles such as market saturation, supply chain disruptions, and operational efficiency improvements. By addressing these challenges head-on and leveraging its brand strength and customer-centric approach, Restaurant Brands Asia can navigate the competitive landscape and continue its growth trajectory in the quick-service restaurant industry.

  • Is it time to ditch Chrome for Microsoft Edge? Here's why

    When it comes to browsing the internet, most people use Google Chrome as their go-to browser. As a long-time user of both Chrome and Edge, I can confidently say that Microsoft Edge has significantly improved than Chrome itself. From its better RAM management to its powerful features, Edge has become my go-to browser for all my browsing needs. In this article, I will explain why Edge is better than Chrome and why I made the switch. 1. RAM Management One of the biggest problems with Chrome is its high RAM usage. If you have ever used Chrome on a laptop or desktop with limited RAM, you know how frustrating it can be to have multiple tabs open and watch as Chrome eats up all of your available memory. Although Edge is built on Chromium, it offers much better RAM management. I have noticed that I can keep 10 -15 tabs open in Edge without any noticeable impact on my computer's performance. It also allows you to set a limit on CPU usage for individual tabs or even extensions and another feature is you can put tabs to sleep meaning the background process stops, which helps a lot if you're browsing 20 tabs at once. By Numbers: We ran a test on this and found that Chrome used more RAM on various tests. For example, with 60 tabs open, Chrome used 3.7 GB, while Edge only used 2.9 GB. 2. Advance PDF Reader Another advantage of Edge over Chrome is its PDF reader. Edge's PDF reader allows you to edit, highlight, and do much more with PDF files than Chrome's PDF reader does. This is a huge plus for me, as I often need to work with PDF files, and being able to edit them without having to use a separate program is a big time-saver. In addition, Edge's PDF reader is faster and more responsive than Chrome's, which makes it a pleasure to use. It also allows you to listen to your pdf, Read Along this feature is a text-to-speech tool that can read web pages and documents out loud. I find this feature helpful when I need to read a long article or document, but don't want to strain my eyes by reading it on the screen. 3. Temporary Download Another feature that I love about Edge is its ability to temporarily download files. This is a huge advantage for me because I often come across files that I need to view quickly, but don't necessarily want to download and clutter up my computer's hard drive. With Edge's temporary download feature, I can view the file without actually downloading it. This is a big convenience for me, and another reason why I have made the switch to Edge. 4. AI Integration Edge's integration of ChatGPT 4 in browsing allows you to summarize articles or PDF documents. You can also ask questions without opening another tab. This is a huge advantage for me as I am always looking for ways to streamline my workflow and save time. It also has Grammarly-like writing assistance including spelling, grammar, and synonym suggestions across the web plus it's free, unlike grammarly which cost $20. Although it should it pointed it is a beta version at the time of writing. Recently, Edge updated its UI which allows you to use certain apps on the side without opening other tabs like you can use Spotify on the side panel. It also has many other features like Maths Slover, Shopping Price Tracker, Edge's spinoff of Similar Web, AirDrop, etc. 5. Chrome Extensions in Edge Lastly, Edge has all the features of Chrome, as it is built on Chromium, an open-source version of Chrome. This means that you can download Chrome extensions from its web store and use them in Edge. This is a huge advantage for me as I have many Chrome extensions that I use on a daily basis. When switching to Edge from other browsers it instantly syncs all your bookmarks and extensions in under a minute. In conclusion, I highly recommend making the switch from Chrome to Edge. The benefits that Edge offers in terms of RAM management, PDF reader, Read Along feature, temporary download option, AI integration, built-in dictionary, and more make it the superior browser in my opinion. The user interface and ability to use Chrome extensions in Edge make the transition even easier. Editor Note: The article is not an AD or affiliated with Microsoft, At Page 21 we believe every interesting product story should be covered.

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