Ex-operator, 8-figure exit to public co. Now PhD student researching NFTs, investor, bon-vivant, really proud of you, “Your favorite internet micro celebrity.”
Watching
@elonmusk
beam in to
#allinsummit
discussing if Twitter users are 5% “or 50%” bots & advocating for open sourcing the algorithm
“I’m a moderate… It’s not a right wing takeover, it’s a moderate takeover.”
friday evening scoop: new details on the checkout startup Bolt's financials, including burn ($60m in q1 of 2022) and revenue ($7.2m over the same period). Bolt now aims to cut $200m in operating costs.
4. Find your niche
Don't post about the World Series when you can post about the underwater Ukranian chess championships.
Remember it's about the quality, not quantity, of followers.
Beginning to think startup success is just a founder’s tenacity, willingness to pivot, & ability to acquire critical relationships (customers, employees, partners) as every pre-seed strategy has obvious flaws.
*you think you had a bad week?*
someone accidentally spent $24.5m on ETH gas fees
to send $100k⛽️ to himself 🤡
and the culprit? Javascript
a rollercoaster of a thread on smart contracts, programming errors, and the power of community🧵👇
a short guide to NFTs for beginners
- what all the fuss is about
- how to get one
- how not to overpay
- why this is exciting
from another newbie,
let me save you money 🧵/1
@jspujji
@elonmusk
Well:
• costs not cut by 75%, at most 40%; plenty of other costs besides ppl (short term costs are up with severance)
• no data to suggest team is 💯 aligned, many ppl stay in jobs (families, visas) w/o alignment
• advertisers are spooked, pulling $$; Twitter Blue paused
🤷♂️
Well
@PalmerLuckey
is going off on his treatment at the hands of
@Jason
and podfathers
“Jason and the people like him are the reasons I was fired from Oculus. I am filled with rage about this. I always will be… Jason tried to poison me and my career.”
#allinsummit
Twitter:
@Jason
“is this deal going to get closed?”
“how many bots? it’s a material adverse misstatement if they have been falsely claiming <5% bots but it’s 4 or 10x that amount. If I bought a house with 5% termites that’s acceptable… 90% termites u have no house.”
@elonmusk
I made 30 private investments this year: in 14 funds as a LP, 6 SPVs + 2 follow on rounds, 4 as angel, 2 from a squad, sourced 1 direct, & ran 1 due diligence for an angel group.
If one of your goals in 2022 to be an angel investor, here's my story of how & why I did it🧵
@Lucas_Shaw
“Taking it electric” is an especially grim & unfortunate metaphor but whoever penned this was really proud of themselves for this darling
Well, that copy got punched up, I suppose
@Jason
You don’t know this, you can’t know “20 banks”
Last night you were telling people to buy guns & stockpile food
Serious people had serious conversations, closed door for a reason
7 📚books every startup founder should read:
1. A book
2. Any book
3. Literally any book
4. Ideally a non-business book
5. Like fiction, or poetry
6. But I’ll take anything
7. Except Jordan Peterson or Ayn Rand
What others would you add?
Heather Morgan & Ilya Lichtenstein were arrested by DOJ today for embezzling 120,000 Bitcoins, or $3.6B in BTC/USD
Forget the crypto heist, I want to talk abt Heather's rap ego Razzlekhan, & video “Versace Bedouin”
This video is epically terrible. Let's go 👇
@BenWilsonTweets
This is not a new meta analysis but rather an update to a previous study, funded by an anti-population think tank.
The conclusion men won’t be able to have kids unassisted in 2050 not from this paper.
Not a top 5 issue. Just a so-so paper.
More:
What 21 years of marriage teaches you:
The wife woke up mad about something I said in her dream.
I didn’t argue; I surprised her with flowers.
This is the way.
many VCs are Harvard/Stanford MBAs who underwent grueling educational experiences at elite programs, took on massive debt, dreamt bigger, & spurned McKinsey to challenge the status quo & *earn the right* to shill $2k mattress covers on their personal Twitter accounts
#inspired
🙏
🔮Predictions for Series A funding criteria come 2023: if you’re thinking of raising next year, this 🧵 is for you
In talking to a number of founders & VCs this month, I am seeing three themes emerge about what it will take to get a successful Series A raise done next year…
For a pre-seed company, a founding team breakup is one of the most common and hardest internal challenges to overcome.
Most early start ups fail at this point. Not b/c of funding, b/c of chaos.
$6.2B to Ukraine 🇺🇦 explained
• US pledges $113B to Ukraine
• Gives weapons, not 💰
• Weapons new, but technically last year models (iPhone 12s)
• Pentagon lists as iPhone 14s on books
• Accountants says, not 14s, 12s (5% difference)
• Now, US is 6.2B under our pledge
Had a VC firm cancel a 4th time w/ a portfolio company, all same day, last-minute cancels.
Can't believe in this day & age ppl want that to be their reputation.
(Fortunately, the startup was in a position to pass on *them*.)
22.5 hours ago, I had 800 followers
Now, I have 2500+
Here are 12 things I learned about going viral
The final thread for today, you wonderful lunatics 🧵
“The Democratic Party is over controlled by the unions… which is just another form of a monopoly and trial lawyers…
On the Republican side (the evil) is from corporate and religious zealotry.”
@nypost
The book was to reassure though your loved ones “always exist and they walk through life with you as if they were here”
I hope we find out her husband’s ghost haunted a police detective
just ended an interview 60 seconds in
me: hey! how are you?
him: *🧟 mmmm 🧠 brains*
me: i sense this is not a culture fit, sorry
he was super mad, but i think early stage startups are too hard to have zombie product managers
thoughts?
Etc. Etc. The only top 50 I found was
@reidhoffman
RT'ing
@MichelleObama
Noteworthy that very articulate libertarian voices have fallen silent on issues of individual freedom. (LMK if I missed public comments)
I wonder if female founders will remember this on their next raise🤷♂️
Guys
now that I'm over 1k followers
i just wanted to hop on here and say
THANK YOU
i have been working hard
on my e-book
literally minutes in the making
here we go (deep breath)
would you all retweet for me?
Q
@chamath
what advice do you give young CEOs about political correctness?
“The point of a company is to produce useful things for others. It’s not a gathering place for a political expression. Speaking of that, I’m late. I gotta go work on the rocket.”
And he’s out
Background: Jared Kushner, the walking equiv of the Dunning-Kruger effect, is fund-raising for his $2B VC firm which is bankrolled by Saudi Prince MBS.
This deck is fairly awful. Let's discuss.
2: G2M
Does Jared like baseball bc This looks like a fair-ball batting chart for the Mets, redone in word art.
Why is Affinity a wedge of cheese? Why is Strategic Enablement in the middle? Why is Affinity Value Add moving bi-directionally?
Chart-junk at its finest, 0/5
@RonDeSantis
I have no idea why Twitter’s algo is this broken to suggest I would ever want to see this ad, so:
Dear 24 year old, social campaign manager: you can do better
“We’re started an insurance company… even if you’re a very good driver, it’s all statistical so you can’t get insured… but with a Tesla, our insurance is based on how you actually drive… you can lower your insurance in real time by driving more safely.”
Having researched the history of payments to social media creators, I am concerned these new digital tipping payment models are designed to keep creators stuck on a single platform and reduce audience portability.
On Direct Payments to Creators: a MEGA🧵👇
my wife: 3,900 people doesn't make you Internet famous
me: what does?
my wife: i'm not going to say, because then you're going to try and get that number
1:The mission
Kushner & Co paid some consulting firm for this word salad of nonsense. What's the market? What's the focus? Why your capital?
Oh c'mon, we know that - it's the ex-President son-in-law. That should have been the mission statement.
1/5 stars
4: Literally every deck ever
Affinity focuses on "five key verticals" which is somehow every vertical and no vertical at all. They mention "secular winners" at least, so glad this won't be a theocratically led firm.
1/5 stars
When my son was 8, I bet him if got into an Ivy League college, I would take him to the NBA Finals
He got into Dartmouth this year & now we’re off to see the Celtics🔥
🕴️♂️Sold my company in 2020
👨🎓enrolled in a PhD program on Economics
(not my background, I studied Creative Writing)
Spent 18m learning academic research🤓
This summer, will submit my 1st paper to journals📰
I'm in my mid-40's👴
It's never too late to learn something radically🆕
11: Jared Kushner, 2 page bio
Here's the star - Jared.
Jared gives himself a 2 page bio, 6 TIMES the space devoted to the retired Major General.
He also does A VICTORY LAP ON COVID-19.
-1/5 stars, I hate it here.
Also
@jason
asked if it hurt that, having voted democratic, he was snubbed from events at the Biden White House
“Yes. It doesn’t seem right.”
@elonmusk
I was offered a CEO role at a company going for an IPO in 3 months, with generous stock options, estimated payout of 40-50M. Even thought about it for a minute. But being a shitposter is just so rewarding w/ unlimited upside.