Coatue's Thomas Laffont on a "Power Law Paradox": a business valued between $100B and $1T (a "Centacorn") has a higher statistical likelihood (31%) of multiplying its value by 10x compared to smaller, earlier-stage unicorns (8%).

So we’re doing it to ourselves then? We need a hallmark channel where AI is the cheesy hero to train on apparently. Who’s making it?

100%! Their training on systems thinking from a product POV is unique and can become a super power.

Agree but to me it’s “builders” and less specific to PM’s. As an example I’ve seen designers who have a great ability to be systems thinkers and ask the why behind anything getting built. Those who can think through the why, how it fits into the product, and lead will win.

Is there anything less intuitive than the @Sonos app?? Crazy thing is it’s been this confusing for years now…

For those going deep into Claude code this is one the best things I read last week.

It’s really not that hard for 95% of use cases…

Just filed for a Trump account for our new little one, just want to say a very special thank you to @altcap for making these happen! You are an inspiration and are actively making our country a better place. Keep up the great work!

the most underrated hire right now is a great product person. when i say product person i'm def not talking about a product manager. perhaps i think there has to be somewhat of a new role. i don't have a good name for it yet but maybe something like "product thinker".. someone with an intuitive grasp of the product as it exists, where it's soft, where it sings, & how to iterate it toward something even sharper. in some sense, this person has to cohesively hold in their head where this product should be 2 years from now & work backwards from that. i say this cuz when building was hard, engineering was the bottleneck & the status hierarchy often reflected that. building is no longer hard. which means the variance in outcomes has shifted almost entirely to judgment on what to build, how to sequence it, & how to talk about it. & the story matters as much as the thing. internally, it organizes the team around a shared model of why. externally, it shapes the interpretive frame users bring to their first experience. you can't retrofit narrative onto a product & expect it to land, it has to be load bearing from the start. the rarest version of this person sits at the intersection of culture & deep technology. someone genuinely bilingual. they know what's technically possible & they know which cultural currents are real vs. ephemeral. that combo is what separates products that feel inevitable from products that feel assembled. before ppl clap back with this person has always been valuable, i know.. i am just saying now they might be the most *important* person in the room. their value compounds like never before.

This is 🎯! Consider team dynamics & what actually works for YOUR team. Ex: Dropping 1:1s bc Jenson skips them w/ 50 reports—without first asking: Is my team senior enough to skip regular coaching? Doomed for failure on most teams.

Getting tired of this <x> is dead trend. The pendulum is swinging too much to the opposite side. Instead of declaring all previous workflows dead, how about we evolve them to suit this new world of AI agents. Prototyping is great and its fantastic that you can do this with much less effort now, but how about you still sit down and *think* about what a good feature entails. It's not one or the other, its both.

Chart of the Day: The dot-com boom ran on debt. The AI boom runs on balance sheets. That difference matters. Good take by @GoldmanSachs.

why not just raise income tax rates? because your real intent is not to just “provide healthcare”. you’re masking that you are proposing the creation of, for the first time in the 250 years of this American republic, an organized government seizure of private property from citizens. you’re calling it a “wealth tax” or a “billionaires tax” or “millionaires tax” or whatever nom du jour polls well. but at the end of the day, it’s the seizure of private property from citizens by the government. citizens that earned money, paid their fair taxes on those earnings (53% if they live in California) and are now being told they need to hand over after-tax assets because the government has failed to provide promised services with the revenue it’s collected, and are now re-casting their own failure to be a socio-economic inequity that must be justly resolved... a slippery slope that has never gone anywhere good (see economic effects in USSR, Cuba, Venezuela, France and Norway wealth tax etc.) the American founders fled tyranny in Europe and this amazing nation was populated by immigrants (myself and your parents) from around the world not just looking for a “better life” but for a place where they could have freedom from tyrannical governments that can take what they want from private citizens. a great nation borne of property rights, the rule of law, and endowed freedoms to believe, speak, or act. these principles led to the greatest run of innovations, successes, and widespread increase in prosperity, for all citizens, ever seen. the citizens, the individuals, not the institutions, delivered this progress. those who invented, who toiled, who bled, who sacrificed, who took risk and persevered, who led, and who changed the world, are not charlatans, kleptocrats, or oligarchs. they’re what made us all better off. prosperity is a measure of america’s success, not its failure. it is your principle that is so offensive, as evidenced by the broad disdain for your flippant flirtation with the darkest of human fantasy - socialism. you and other neo-socialists have led so many of us to reflect on America’s history and what it is becoming. that now leads so many to consider, so unnecessarily, leaving their homes for a place where everyone stands up to shout down the principle you suggest. because if your ideas are now considered moderate, it’s clear this titanic is sinking. that a “simple tax” of taking assets that have been earned, through toil and tribulation, rightly taxed, and preserved, should now be unjustly seized, is your solution to a problem of obvious government mismanagement and outright fraud, tells us that your true motivation lies not in giving people healthcare but in cutting down success and deleting the system of prosperity and opportunity for all. i don’t care, and neither should anyone else, what the sum total market value of a private citizens private assets might be. it is none of my business and should be none of yours. because, again, once you open that pandora’s box, we might as well study Lord of the Flies … there is literally nothing stopping 51% of citizens demanding that their government go out and seize 100% of the private property of the 49%. want to give healthcare to people in need? do your job and fix healthcare. make it affordable. want to be lazy about it? then do your job lazily and raise income taxes. want to take private property from private citizens who have paid their fair share of taxes and legally earned their property, then honestly declare that it is envy, not inequity, that you strive to resolve…

Had no clue.. very cool feature here.

A … no notes

Invest America Legislation has an incredible opportunity to be passed into law as part of the Reconciliation Bill this Summer. 40 M kids w private investment accounts by 2026. Lifting families, closing the wealth gap & defending capitalism. Accelerating America. 🇺🇸🚀

Simple math.

Woah