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$TOST

Toast
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Toast provides a restaurant management platform that includes point-of-sale systems and payment processing.

sentiment mix
bull 100%bear 0%neu 0%

signal summary

latest high-conviction thesis
Lead Edge sold Toast secondary at $40-50, stock now $30 but still cheap▾

Bought at 10x revenue growing 150%; sold secondary at $40-50 (6 years ago) to lock in forward IRR; believes stock is cheap at $30 but disciplined exit strategy prioritizes IRR over holding.

mitchell greenT2Invest Like The Best2026-03-24
confidence 78 / 100impact High
key themes
  • Public Markets & Valuation50%
  • AI Applications50%
  • SaaS Business Models50%
  • AI Bubble / Capex Debate25%
  • Autonomous Vehicles25%

bull thesis · 4

88 / 100
  • •Toast overlooked at half market multiple with operating leverage inflection
  • •Toast becoming restaurant OS with 30% CAGR, operating leverage kicking in at 17x forward earnings
  • •Toast: led final private round; 2022 engagement with CEO Aman on path to profitability amid rate shock

bear thesis · 0

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company research · 2 videos

mentions · 4

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