Edi. 2.0 - The Itinerant

Updated: Jul 4

Your trusted source for actionable, multidisciplinary global insights into real estate, hospitality and travel; health & wellness; and transformative technologies.

1.0 - About

If you joined us last month for our inaugural edition, welcome back. If you recommended The Itinerant to a friend – wow, impressive given this is edition 2.0 and still pre-launch; and an extra thank you. If you’re new this month – welcome, it is great to have you on board!

For the newbies amongst us, The Itinerant is a free monthly “newsletter” (more like a community) that helps each other capitalize on disruption by analyzing converging global trends related to three inter-related segments of our modern economy: Health & Wellness; Real Estate, Hospitality & Travel; and Transformative Technologies.

Each month, I will bring you thoughtfully curated articles from reputable, industry leading sources - and my perspective - on each. The discussion will be intentionally provocative, and diverse - presenting insights and actionable opportunities from across the globe, and exposing you to an endless diversity of new ideas to invest on or simply provide you a few mentally enriching minutes of entertainment.

I’m developing the Itinerant because I’ve been looking for and unable to find something like it. It’s for all you part-time investors, busy professionals, side-hustlers, and intellectually curious individuals looking for a break from the routine content served up by social media’s algorithms. Something unique, thoughtfully curated, from trustworthy sources – and most importantly, actionable.

1.1 – What is the vision for The Itinerant?

Like any Minimum Viable Product seeking product-market fit, The Itinerant’s vision will undoubtedly evolve. That said, the ultimate goal is to cultivate a diverse global community of individuals who are interested in exploring, and eventually co-investing in, alternative assets together. Some of those opportunities I will source and bring to readers, others you as readers will bring to each other, and still others, our readers will start on their own, and bring to us as investment opportunities.

Have you been digging into a particular opportunity and want to share your perspective? Let me know!

1.2 - What can you expect? - A Dynamic, Two-Way Conversation with Active Community Engagement

  • Vote on topics you want to see more of, or submit a new idea yourself

  • Vote on specific startups and real estate opportunities you want to learn more about and/or consider co-investing in

  • Express interest in investing alongside others in our community – and then do it! (think, a more thoughtful and sophisticated, privately moderated r/WallStreetBets for private market deals)

1.3 - How does it work?

  • At the end of the email there will be a link to ‘vote’

  • Clicking on the link will bring you to a survey which will take you no more than 2 minutes. It’s the same survey for the entire edition of the newsletter, so you can keep it open while you read.

  • If the month’s topic, or a specific illustrative disruptor, is particularly interesting and you’d like to explore potential investment opportunities alongside other readers, let us know.

  • If enough readers indicate interest in a specific topic / opportunity, we’ll do additional diligence on the space – including reaching out to the disruptors highlighted to see if they’re open to potential investment partners.

2.0 - Community Input

Thank you to everyone who took the time to provide such thoughtful and constructive feedback last month.

Each month, I’ll share some of the feedback you all provided on the previous version. Not promising I’ll agree with and incorporate everything, but given our end goal is to cultivate a community of likeminded professionals interested in co-investing together, building together, and exploring trends and opportunities together, it would be foolish not to take your input seriously.

January 2021 Edi. 1.0 - Feedback

  • “Lots of information packed in here. Optimize for mobile, go shorter with links out to full-length version…I like the “voting” concept. It’s fun and engages the reader to add their thoughts and opinions which isn’t something I’ve seen in other newsletters or email chains” – Ryan M.

  • “The TLDR was confusing…maybe send it in email form and then people can click-through to open the page if they want to read more…the interviews piece will be pretty cool and I am looking forward to that – it would be great if readers could help determine questions / topics beforehand.” – Austin B.

3.0 – Last Month & Next Month

Didn’t catch January’s Edi. 1.0 of The Itinerant and want to check it out? All previous editions will be made available here on 2c9 Ventures website, and here on Medium.

Potential Topics Next Month:

  • [New Category] – private markets investing, side-hustling & the future of work

  • Plays in international real estate

  • Nano health tech

  • Edge computing

TL; DR this month:

[10 min]

4.0 – Real Estate, Hospitality & Travel – Ghost Kitchens Gaining Steam as an Emerging Asset Class

  • Food delivery is a burgeoning ~$35B industry today, and according to Restaurant Hospitality it is expected to grow 10x over the next decade.

  • Cloud kitchens are stripped-down commercial kitchen facilities with no front-end restaurant for people to dine-in. They can significantly boost profits and cut costs for restauranteurs by locating in less expensive, industrial districts without high-cost front end overhead.

  • I recently had the opportunity to partner up with two close friends to invest in converting an old, abandoned warehouse in the Providence, RI area into a cloud kitchen facility. Check-out the blog and stay tuned for more details.

  • Sequoia Capital (AirBnB, Apple, Robinhood, DoorDash, LinkedIn) and Y-Combinator (Lyft, Dropbox, AirBnB, DoorDash, Reddit) have both made 8 investments into various iterations of the ghost kitchen business model.

Illustrative Actionable Opportunities

  • Kitopi – ‘Managed cloud kitchen’ platform currently in 5 countries, recently raised $60M to expand into the U.S. and 100 additional locations worldwide.

  • Reef– WeWork-like model renting parking lots and sub-letting it to various end users, including mobile cloud kitchens. Recently raised $700M from investors including SoftBank.

5.0 - Health & Wellness – Expat Retirement Communities: An Emerging Investment Opportunity?

  • Driven by an aging global population, increasing healthcare access, especially in developing countries, and global economic growth, the global retirement communities market reached a value of nearly $218.6 billion in 2019, having grown at a compound annual growth rate (CAGR) of 8.6% since 2015, and is expected to grow at a CAGR of 9.8% to nearly $317.4 billion by 2023.

  • Going forward, the fastest growing regions will be the Middle East and Africa, where growth will be at CAGRs of 17.3% and 16.1% respectively.

  • These will be followed by Asia-Pacific and South America, where the markets are expected to grow at CAGRs of 15.6% and 12.9% respectively.

  • The market is highly fragmented, with a large number of small players (i.e., the top ten constitute only 6.6% of the market).

Illustrative Actionable Opportunities

6.0 - Transformative Tech: The Quantum Computing Revolution Could be Around the Corner

  • Scientific American calls it “a new computer technology era more powerful than anything that preceded it… the word disruptive does not come close to describing the impact of quantum technologies.”

  • At its most basic level (dumbed down for me), quantum computers use the fact that a qubit (like an atom) can be in two places at once (i.e., a property of quantum mechanics) to conduct calculations exponentially faster than traditional computers. I’m sure there’s a better way to simplify it, so for any quantum physicists reading this…please feel free to chime in.

  • In 2020, the number of venture capital deals for quantum computing startups rose 46% to 37, while the total amount raised fell 12% to $365M. By Silicon Valley standards this is nothing. It does tell us however a few things: one, that investors are increasingly becoming interested in the space; and two, that more investable start-ups are emerging.

Illustrative Actionable Opportunities

  • Zapata – B2B quantum computing applications as a service for enterprise providers.

  • IQM – Contracted by Finland to build first quantum computer by 2024. Backed by Tencent.

7.0 - VOTE: http://doo.vote/b051d13