Marathon Partners' Mario Cibelli on how $XMTR is creating a marketplace for industrial manufacturing

Mario Cibelli, Managing Partner at Marathon Partners Equity Management, LLC, joins the podcast for the third time to share his thesis on Xometry, Inc. (NASDAQ: XMTR), the global AI-powered marketplace that connects buyers with suppliers of custom manufacturing services. Chapters: [0:00] Introduction + Episode sponsor: Fundamental Edge [2:23] What is Xometry and why is it so interesting to Mario Cibelli [5:42] $XMTR creating marketplace for industrial manufacturing / problem the company is solving [19:48] Value proposition of the $XMTR network/marketplace [24:20] Mechanics of the marketplace, customer experience, how it works [26:26] Cutting out the middleman ($XMTR in this case) risk / are they more like Uber or Angie's List? [35:05] "Instant Quote" / what can $XMTR evolve into [41:15] Cyclicality [46:47] Valuation / headwinds (and addressing them) [58:01] Short interest and what keeps Mario up at night about $XMTR [1:08:54] Execution risk Today's sponsor: Fundamental Edge You’ve probably heard about the Analyst Academy from Fundamental Edge by now. So instead of repeating the basics, let’s talk a minute about what the Academy is and is not. The Analyst Academy is a practical course on the tools and skillsets required to succeed in the buy-side analyst seat. The instructors have experience from firms such as Maverick Capital, DE Shaw, Citadel, Balyasny and ExodusPoint. But what is the Academy NOT? It’s NOT a course on stock-picking. It IS a rigorous guide to learning a process. It’s NOT a guide to pod shop investing. The Academy attracts a wide range of equity investors, from multi-managers to long only to family offices. Rather than teaching a particular style, Fundamental Edge equips learners with the essential skills required to hit the ground running and support their PM. It’s NOT a financial modeling course. Modeling is, of course, part of the curriculum and plays a central role. But the Academy is more than that. It teaches idea generation, thesis communication and how to add value as an analyst. To learn more and access a 10% discount code, go to fundamentedge.com/YAVP