<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0"><channel><title><![CDATA[Heller House]]></title><description><![CDATA[Heller House applies the principles of value investing to businesses that are disruptive innovators.]]></description><link>https://www.hellerhs.com/blog</link><generator>RSS for Node</generator><lastBuildDate>Wed, 13 May 2026 04:12:04 GMT</lastBuildDate><atom:link href="https://www.hellerhs.com/blog-feed.xml" rel="self" type="application/rss+xml"/><item><title><![CDATA[Should You Believe Spotify's Daniel Ek?]]></title><description><![CDATA[On June 8th Spotify held an Investor Day, its first such event since the company became public through a direct listing four years ago....]]></description><link>https://www.hellerhs.com/post/should-you-believe-spotify-s-daniel-ek</link><guid isPermaLink="false">62b321db9b32435190d69555</guid><pubDate>Wed, 22 Jun 2022 14:21:23 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/659a41_090150d5c37342cf8a4429b931c1b0e4~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Marcelo Lima</dc:creator></item><item><title><![CDATA[Atlassian: Growing Ambition]]></title><description><![CDATA[“You don’t want to invest in growth companies, you want to invest in companies that are growing their ambition.” – Mike Cannon-Brookes...]]></description><link>https://www.hellerhs.com/post/atlassian-growing-ambition</link><guid isPermaLink="false">62588bfa94953a3c42bd5a71</guid><pubDate>Thu, 14 Apr 2022 21:15:10 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/659a41_2926b83e7908400fad24388fc7c18f78~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Marcelo Lima</dc:creator></item><item><title><![CDATA[Why SaaS is Like Walmart]]></title><description><![CDATA[Software as a service (SaaS) companies are frequently misunderstood because they are investing for the long-term and don’t generate...]]></description><link>https://www.hellerhs.com/post/why-saas-is-like-walmart</link><guid isPermaLink="false">623916fbdc1e93972a1c94aa</guid><pubDate>Tue, 22 Mar 2022 00:47:46 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/659a41_1945c09a66f94c0f96e0bb82e153ca83~mv2.png/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Marcelo Lima</dc:creator></item><item><title><![CDATA[Why Empire Building is Important]]></title><description><![CDATA[Why is empire building important?
Because it results in extreme outcomes. Consider the Mongolian Empire: “In twenty-five years...]]></description><link>https://www.hellerhs.com/post/why-empire-building-is-important</link><guid isPermaLink="false">61e062e608ce68001699c4a4</guid><pubDate>Thu, 13 Jan 2022 17:58:05 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/659a41_26e7fe28c33c4f89ba5b67180b91937a~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Marcelo Lima</dc:creator></item><item><title><![CDATA[Roblox, the Coming Ad Titan]]></title><description><![CDATA[“In the next three to five years, every brand will have a Roblox strategy.”]]></description><link>https://www.hellerhs.com/post/roblox-the-coming-ad-titan</link><guid isPermaLink="false">61982d32c4f00e0016862dc4</guid><pubDate>Fri, 19 Nov 2021 23:35:43 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/659a41_139eedce53584ac1ae8a2dc08d9d20e3~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Marcelo Lima</dc:creator></item><item><title><![CDATA[The BNPL Revolution]]></title><description><![CDATA[One of the largest BNPL companies, Affirm, became publicly traded earlier this year, and we became shareholders.]]></description><link>https://www.hellerhs.com/post/the-bnpl-revolution</link><guid isPermaLink="false">6165fa849c0c680016cd8712</guid><pubDate>Tue, 12 Oct 2021 22:14:24 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/659a41_0625a83e334e4c1a92cc7460c7e1a696~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Marcelo Lima</dc:creator></item><item><title><![CDATA[Valuation, Portfolio Construction, and Lots of Companies]]></title><description><![CDATA[In this interview with John Rotonti of The Motley Fool, we really cover the waterfront. We talk about portfolio construction, valuation,...]]></description><link>https://www.hellerhs.com/post/valuation-portfolio-construction-and-lots-of-companies</link><guid isPermaLink="false">60fcabf034f6bb0015f1a87a</guid><pubDate>Thu, 19 Aug 2021 10:00:51 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/659a41_e90237381d4543749e4952008717eb6f~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Marcelo Lima</dc:creator></item><item><title><![CDATA[More Lemonade!]]></title><description><![CDATA[This week we are back with another conversation with my friend Ryan Reeves, this time on Lemonade ($LMND — we wrote a previous article...]]></description><link>https://www.hellerhs.com/post/more-lemonade</link><guid isPermaLink="false">60fade5caf1c73001665aeac</guid><category><![CDATA[Interviews]]></category><pubDate>Wed, 11 Aug 2021 10:00:21 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/659a41_d4ed836b63274baa98a96ecca1cc1bc9~mv2.jpg/v1/fit/w_1000,h_744,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Marcelo Lima</dc:creator></item><item><title><![CDATA[Shopify, Slack and more on the Investing City podcast]]></title><description><![CDATA[We go deep into a discussion on Shopify and Slack, the competitive landscape with other ecommerce and collaboration solutions, and more.]]></description><link>https://www.hellerhs.com/post/shopify-slack-and-more-on-the-investing-city-podcast</link><guid isPermaLink="false">60f6fbb13139410015164737</guid><category><![CDATA[Interviews]]></category><pubDate>Wed, 04 Aug 2021 10:00:42 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/659a41_fe0cce0fc5b6469381c9771bca8eb95d~mv2.png/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Marcelo Lima</dc:creator></item><item><title><![CDATA[Discovering Innovative Companies with Marcelo Lima]]></title><description><![CDATA[As investors, we must keep an open mind, but most people resist new ideas. How to keep that mental flexibility and learn new things?]]></description><link>https://www.hellerhs.com/post/discovering-innovative-companies-with-marcelo-lima</link><guid isPermaLink="false">60f49112794021002b099fd9</guid><category><![CDATA[Interviews]]></category><pubDate>Wed, 28 Jul 2021 10:00:34 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/659a41_e532a96da12b475f9746b8de3a9563dd~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Marcelo Lima</dc:creator></item><item><title><![CDATA[Growth Underwriter: Marcelo Lima on valuing SaaS businesses]]></title><description><![CDATA[How did the internet fundamentally change business? It's all about zero marginal costs, and playing a different game: blanket the world, cap]]></description><link>https://www.hellerhs.com/post/growth-underwriter-marcelo-lima-on-valuing-saas-businesses</link><guid isPermaLink="false">60f36471c24ad50015d0e6d2</guid><category><![CDATA[Interviews]]></category><pubDate>Wed, 21 Jul 2021 10:00:17 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/659a41_7e377e4530be4c949c2f91d0997372b5~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Marcelo Lima</dc:creator></item><item><title><![CDATA[Boom Supersonic: Getting There in Half the Time]]></title><description><![CDATA[Who doesn’t want to fly across the Atlantic in half the time? This is the question that got me hooked on Boom Supersonic.]]></description><link>https://www.hellerhs.com/post/boom-supersonic-getting-there-in-half-the-time</link><guid isPermaLink="false">60d60c3b1feb3600152fcbba</guid><category><![CDATA[Privates]]></category><pubDate>Fri, 25 Jun 2021 17:22:48 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/659a41_f0d75466c7cd41a9826c4fec9e46309d~mv2.jpeg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Marcelo Lima</dc:creator></item><item><title><![CDATA[Lemonade: A GEICO of the 21st Century?]]></title><description><![CDATA[In August 2018, in our Q2 letter, I made an analogy between Ben Graham’s investment in GEICO and our transition to focusing on businesses...]]></description><link>https://www.hellerhs.com/post/lemonade-a-geico-of-the-21st-century</link><guid isPermaLink="false">60c3dfe33786bd0015a7fde8</guid><pubDate>Fri, 11 Jun 2021 22:54:16 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/659a41_306a7db0960a48a0b27236454f869cdf~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Marcelo Lima</dc:creator></item><item><title><![CDATA[Investing in the Metaverse]]></title><description><![CDATA[What is the metaverse? Its full expression will be a persistent, immersive virtual reality.]]></description><link>https://www.hellerhs.com/post/investing-in-the-metaverse</link><guid isPermaLink="false">60c3cfe8ad2a6000156a631a</guid><pubDate>Fri, 11 Jun 2021 21:56:01 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/11062b_a86dd987d1af407cafe6e9ab70b16f8a~mv2.jpeg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Marcelo Lima</dc:creator></item><item><title><![CDATA[On Innovation, Our Portfolio and More]]></title><description><![CDATA[I concluded that we were undergoing a period of very rapid technological change similar to what we saw at the end of the 19th century.]]></description><link>https://www.hellerhs.com/post/on-innovation-our-portfolio-and-more</link><guid isPermaLink="false">608c4f7d0cbb7b001654c696</guid><category><![CDATA[Interviews]]></category><pubDate>Fri, 30 Apr 2021 18:50:04 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/659a41_888b6b709e744b62870b47b1228c45dc~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Marcelo Lima</dc:creator></item><item><title><![CDATA[How Should We Measure Progress?]]></title><description><![CDATA[A few years ago, the American economist Robert Gordon wrote a must-read book called The Rise and Fall of American Growth.]]></description><link>https://www.hellerhs.com/post/how-should-we-measure-progress</link><guid isPermaLink="false">60281886eb4fad0017205d0a</guid><category><![CDATA[Technology]]></category><pubDate>Sat, 13 Feb 2021 19:34:00 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/659a41_5f5e4ae43a274c2e837e2f6f1d0034fb~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Marcelo Lima</dc:creator></item><item><title><![CDATA[Could Miami Become a World-Class Tech Hub?]]></title><description><![CDATA[The Twittersphere exploded in recent weeks with the back-and-forth between recently relocated San Francisco venture capitalist Keith Rabois ]]></description><link>https://www.hellerhs.com/post/could-miami-become-a-world-class-tech-hub</link><guid isPermaLink="false">5ff3274275b84200175c804d</guid><category><![CDATA[Technology]]></category><pubDate>Mon, 04 Jan 2021 05:00:00 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/659a41_39daef041fbe4be8a6db01d725faa4ea~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Marcelo Lima</dc:creator></item><item><title><![CDATA[Models, Good and Bad]]></title><description><![CDATA[Imagine having a DCF model of Amazon’s retail business in 2005 as one’s sole decision-making tool, unaware of the incredible revolution it w]]></description><link>https://www.hellerhs.com/post/models-good-and-bad</link><guid isPermaLink="false">5f886c2fb9500c0017b274e2</guid><pubDate>Thu, 15 Oct 2020 15:53:51 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/659a41_daec3511a68948eca2a89e7a879ba01a~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Marcelo Lima</dc:creator></item><item><title><![CDATA[Wix: Calling All Creators]]></title><description><![CDATA[If da Vinci were alive today, he would likely have his own website to help disseminate his ideas—very likely, on Wix. ]]></description><link>https://www.hellerhs.com/post/wix-calling-all-creators</link><guid isPermaLink="false">5f88505868cbb60017f23112</guid><pubDate>Thu, 15 Oct 2020 15:31:30 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/659a41_c8d4128aacac4d4ea13131990f978de6~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Marcelo Lima</dc:creator></item><item><title><![CDATA[The Bernoulli Economy]]></title><description><![CDATA[One big confounder during this COVID-19 pandemic is why some businesses are doing so well while tens of millions of people are unemployed.]]></description><link>https://www.hellerhs.com/post/the-bernoulli-economy</link><guid isPermaLink="false">5f7e49871296660017f800f8</guid><pubDate>Wed, 07 Oct 2020 23:36:59 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/4f73e5b1a45541e28f7aa3fe69a27147.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Marcelo Lima</dc:creator></item></channel></rss>