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Winning the Degenerate Economy with StockTwits CEO Howard Lindzon | At the Money, Sonic AI
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Winning the Degenerate Economy with StockTwits CEO Howard Lindzon | At the Money
Masters in Business
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May 9, 2026
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1:27:06
Interview
Winning the Degenerate Economy with StockTwits CEO Howard Lindzon | At the Money
From
Masters in Business
Howard Lindzon
(CEO, StockTwits, guest)
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Executive Summary
Howard Lindzon, founder of Social Leverage and StockTwits, details his early $100k seed investment in Robinhood, which was driven by a thesis of customer acquisition cost (CAC) arbitrage against incumbents like Schwab.
Lindzon introduces his "Degenerate Economy Index," a portfolio of companies enabling speculative trading (like Google and Apple) and high-momentum stocks, which has returned 170% over three years, significantly outperforming the NASDAQ 100.
He expresses a bearish outlook on the traditional venture capital model in a high-interest-rate environment, arguing that public markets offer better value and that many startups are not suited for a VC funding path.
Lindzon reflects on the 17-year journey of StockTwits, the invention of the "cashtag" ($AAPL), and his recent return as CEO, highlighting the persistence required in entrepreneurship and the evolution of retail investing from a niche to a market-moving force.
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Venture Capital & Seed Investing Strategy
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Processed May 9, 2026
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