California’s next set of leaders should take notes from Greg Abbott on how not to chase off a golden goose that can fly to space, create wealth, and build local industrial capacity from scratch

The league tried their best to extend the series by not holding one of the future faces of the league accountable. 3 missed flagrant foul calls. In doing so, they made him unlikeable.

FOR THE FIRST TIME IN 53 YEARS, THE KNICKS ARE NBA CHAMPIONS 🏆 New York defeats San Antonio 4-1 in the NBA Finals, capturing their third championship in franchise history!

job’s done ✅

The best part of this video is the last 5 seconds. The host asks him about becoming a millionaire "Do you feel like you've achieved the American dream?" "Yeah, but that's no reason to stop." Incredible. That's the actual American mindset. More American than half of America.

“Hernandez has roughly 6,500 SpaceX shares. On Friday, SpaceX stock closed at $160.95, valuing his holdings at $1,046,175.” Capitalism is a miracle. God bless it. It is the only thing that has ever overcome the poverty default.

“It is certainly hard to believe that a little company that started in a warehouse in El Segundo is now going public with the largest IPO ever.” Only in America. Congratulations to @elonmusk @SpaceX. This is the American Dream 🇺🇸💪🚀

Another new VC episode on @GTMnow is live! I sat down with @BenjLerer , Managing Partner and co-founder of @LererHippeau , one of New York's defining Seed funds. Ben co-founded Thrillist, built it into Group Nine, and wrote some of the earliest angel checks into companies like Warby Parker and Casper before turning Lerer Hippeau into a nine-fund firm with roughly $1.5B in AUM. We get into how he runs his investment committee, why he wants to be the worst investor at his own fund, and how AI is changing the way they pick and back founders. Before the conversation, @Paul Irving and I also talk through the modern IC process, conviction versus consensus, and the debate every fund is having right now between the young AI-native founder and the second-time operator with deep domain expertise. A few takeaways from the conversation that are particularly worth noting: 1. Conviction beats consensus, every time. Lerer Hippeau doesn't make decisions by groupthink. Someone has to pound the table and drag a deal across the line, and it doesn't have to be the person who sourced it. No scoring, you're either in or you're out. The best early-stage companies are usually non-consensus, so you need one person willing to stake their reputation on it. 2. Own your own deals. Don't hand them off. Ben's biggest regrets came from passing deals to more junior people on the team, where the diligence turned confirmatory. The classic example is Peloton. He had the relationship, kicked it to a colleague, got a quick pass, and watched it walk. With his recent deal Magic, he did the opposite. He made the customer calls himself, called the founder's college classmate to understand her character, and won the deal with the lowest term sheet on the table. 3. Every dollar into a good company is a dollar stolen from a great one. Ben's job is to find people who are a little crazy, not people who want to build good companies. If the best case for a company isn't a real multi-fund returner, he'd rather pass. That discipline is hardest to hold when a deal is durable, beloved, and obviously fundable. 4. The goal is to be the worst investor at your own fund. As Ben says, if he's the rainmaking investor at 55, they screwed up. His actual job is to build a team better than him, give them capital and air cover, and get out of the way. He'll be 45 next year and the oldest person on the investment team, by design, because the most interesting founders keep getting younger. 5. AI is now a (non-voting) member of the investment team. They've fed years of fund data, portfolio context, and Ben's own thinking into a system that effectively sits in the room. It knows their check sizes, ownership targets, pacing, and portfolio ranking. When a company comes back for a follow-on, it can tell them where it ranks, how much reserve is mapped against it, and how that stacks against companies that just beat or missed plan. It doesn't get a real vote, but it makes them bolder and better educated in real time. 6. Half your deal flow should be unfair. Ben splits their pipeline roughly in half. One side is proprietary: repeat founders, partner-level relationships, deals taken out of market early. The other side is competitive and in-market, where everyone sees the same companies and you win on speed, conviction, and being the partner of choice. His media background is part of the unfair half. Top founders give Lerer Hippeau access specifically because they want that media expertise. 7. The founder profile keeps splitting in two. Ben sees a real bifurcation right now. There's the young, fast-moving, AI-native founder out of central casting, and there's the second or third-time operator with deep domain expertise and a clear right to win. He's not picking a side. He's building access to both and letting the company and the market decide which one fits. — Catch the full episode on YouTube or wherever you get your podcasts. Big thank you to our series partner, @AngelList, who have been instrumental in helping GTMfund scale since the early days.

Downside of the Knicks in the finals is I can’t sleep in London from 130-5am basically. What a game!

There has simply never been a better time to be an elite, AI-enabled Enterprise Sales rep in history.

Fifteen years ago, the most valuable companies in the world were worth $300b to $400b . Today, several are worth $4t to $5t . The distance between planting a seed of an idea and building something truly legendary has grown by more than 10x. There is no reason to think the trajectory will slow. Meanwhile, the average human lifespan has barely moved. We have roughly the same number of moments, chapters, and pages as our predecessors did. To build something legendary, we now have to cover more than 10x the distance in that same fixed time, and in the next 15 years, we might have to cover an additional 10x the distance. If the game has gotten harder, the question is not how to work more hours. The question is which moments, chapters, and books are worth writing at all. Every choice to work on one thing is a choice not to work on something else. The opportunity cost of our attention has never been higher.

We closed a competitive deal on the Friday of Thanksgiving week and the founder said we picked you to lead because you work founder hours. Always on.

Open-weight models have overtaken closed models on OpenRouter. 69.1% of token volume now goes to open-weight models. 30.9% to closed. Competition is a discovery procedure — and developers are discovering the value of open models. 🧵

All you had to do to make life changing wealth was to invest in ~every public company along the 237

Legal AI superempowers normal individuals with no legal background to fight big institutions in bureaucracies and in courts on a level knowledge/skill playing field, for the first time in human history. As such, it is one of the most inspiring applications of AI.

Heard he already got a seed round done

If he were starting a data company today, this is what @ttunguz would build: Images and video. The reason behind this is in the math. "An image is probably 1000X to 10000X bigger than a text file. And a video is two or three orders of magnitude larger than that." Text is already straining the infrastructure we have. Custom video is coming, robotics is coming. Both run on data volumes the current stack cannot move. "We need much bigger infrastructure to be able to support it."

“Maybe CNN if we’re feeling frisky”