How to Earn a Billion Dollars: paulgraham.com/earn.html

The 25 year old who turned $0 into $300M says you need to start top blasting charts. Brandon Hong thinks buying ATH breakouts is the highest probability trade you can take in any market. "Any trending asset, doesn't matter what it is. It could be orange juice. It could be eggs. It could be Micron. It could be crypto." "I think you just have to be a little psychotic. You have to be really dialed in, really objective, and you just have to have no emotions at all."

Fascinating

🚨 BREAKING Payments giants are going all-in on stablecoins. @Visa, @Mastercard, @Stripe, and possibly @Coinbase are reportedly backing a new stablecoin platform launching soon. 💳 This comes as all three have made major stablecoin moves: - Stripe's acquisition of @Stablecoin for $1.1B - Mastercard's acquisition of @BVNKFinance - Visa's expanded settlement support across 9 blockchains. The race to own stable payments infrastructure is on. Come hear from all three at @TheStablecon.

$SIVE basically took their entire revenue pipeline. In the entire company’s history. Then grew that by 77% in the first 3 months. Thats by far the clearest indication of the inflection of the CPO supercycle. It’s probably going to look exponential from here on out.

I feel so old watching genz building new apps

After two years of building under wraps, today we're announcing Casa – your personal property manager. We've raised $27M to redefine the homeownership experience from the ground up. We believe your home is your most treasured asset, emotionally & financially. It shouldn't also be a second job. Most homeowners are on their own – expected to have the time, expertise, and relationships to keep things running. Finding a plumber you can trust. Remembering when the HVAC was last serviced. Knowing what's actually wrong before someone shows up to fix it. Casa gives every homeowner what used to be reserved for the few: a dedicated team that knows your home deeply, handles the work, and stays in your corner. We're enabling this by building a deep, technical understanding of every home we serve – something that's never existed before, across 100 million single-family homes in the country. For $199/mo, membership includes: - A complete inventory of your home, built using specialized hardware & software - 1.5 hours of handyman time every month (and it rolls over) - Unlimited Concierge requests to take on virtually any home project - Custom, proactive care plans built specifically for your home - Weekly package and donation pickups - Scheduling and payments for your regular vendors - Utility and property tax monitoring …and we’re just getting started, with more benefits on the way to make the experience of owning your home as magical as it always should have been. Available now in the SF Bay Area and Los Angeles. Reserve your spot everywhere else. → getcasa.com

Bought a good amount of $ZM, half spot, half call options, various expiry, mostly far OTM leaps The thesis is pretty simple: - $ZM invested $51M in Anthropic in May 2023, now worth around $11B at Anthropic's secondary mkt valuation of $1T - $ZM market cap is $24B, making it the single best public market proxy for Anthropic (45%), yet still few people know this - $ZM has $7.8B of cash, so their effective enterprise value is: 24 - 7.8 - 11*.75 = ~$8B (Anthropic at 75% to account for gain on taxes) - They have 0 debt - $ZM makes about $800M/yr of post-tax operational FCF, inclusive of stock based comp - Top line has grown at about 4%/yr the last 3 years, with gross margins rising from 11.6% -> 23.1%. I expect profitability to continue to increase with AI, as they can lay off a lot of their engineering team - Further, over half of their expense load comes from stock-based compensation, most of these were COVID-era grants. I'd expect SBC to drop ~30-50% over the next few years, meaning bottom line could rise by up to $400M, meaning ~$1.2B of adjusted FCF - So, you are getting a stock that is trading at 10x in-place earnings (6.7x post-SBC adj.), with high margins and one of the more sticky SaaS business models (no individual company is going to recreate their own zoom, these are networked systems & have security implications) - If you assume Anthropic's valuation is $1.5T, which it likely hits quickly, the FCF multiple is all of a sudden a 4.75x, which is screamingly cheap - The IV, imo, does not currently reflect Anthropic's upside valuation, allowing you to effectively buy call options on Anthropic for standard mature SaaS company IV Seems mispriced 🤷‍♂️ Hyperliquid

The beggining

Im tech-old enough to feel all these AI agents as the renaissance of the SaaS era.

The rece to connect people, own the community/distribution, monetize the behavior

The future

Sequoia's thesis that the next $1T company will sell work, not software, is the most important reframe in AI right now. The argument: if you sell a copilot, you're competing with every new model release. But if you sell the outcome — books closed, contracts reviewed, claims handled — every AI improvement makes your margins better, not your product obsolete. The key insight most people miss: for every $1 spent on software, ~$6 is spent on services. The entire SaaS playbook was about capturing the software dollar. The AI playbook is about capturing the services dollar — at software margins. Not "AI for accountants." The AI accounting firm. Not "AI for lawyers." The AI law firm. The companies that figure this out won't look like SaaS companies. They'll look like services firms rebuilt on software infrastructure. That's a fundamentally different company to build, fund, and scale. And most founders are still building copilots.

Introducing: Nothing Ever Happens A @Polymarket bot that automatically buys "No" for every non-sports market and holds to resolution. Why predict the future when 73.4% of all Polymarkets resolve as No? Stop over thinking it. Nothing Ever Happens. github.com/sterlingcrispin/n…

So @saylor is going to pump TENS OF BILLIONS into Bitcoin through $STRC 🟧Stocks Dump → Market runs to yield $STRC → Saylor buys $BTC 🟩Stocks Pump → Market buys $MSTR → Saylor buys $BTC Just yesterday, STRC had enough volume to buy 2,000 BTC ($139M) If we start seeing massive adoption of STRC he'll be buying billions per week We're not even counting the ETF inflows that will inevitably come when Bitcoin turns around I am convinced bottom callers will all be wrong due to how sticky and strong institutional flows can be

This is how fast crypto's printing yield dollars. Source: @stablewatchHQ

Stoked to announce the @a16z Growth Engineer Fellowship! A new 8-week cohort of growth engineers, AI-native GTM leaders, and agent builders shaping the future of company growth. Join us! Apps went live today. Fellowship starts in May 2026. Featuring @andrewchen, @kirbyman01, @luclevesque, @laurynmotamedi, @ramanrmalik, @kylecnorton, @gauravvohra, @lukeharries, @egavrilenko11, and more. Apply here: a16z.fillout.com/t/9RAnDmtvd… Details: a16z.news/p/introducing-the-… CC @david__booth, @eriktorenberg, @tdoggyholhol

"There's literally nothing to do on Solana other than memecoin trading" Meanwhile: - 219 Stocks, 24 ETFs, 15 Treasuries - Pre-IPO Stocks - Housing Speculation on @Parcl - Commodities & Stock Perps on @FlashTrade, @JupiterExchange - Several pre-TGE RWAs & DeFi on @kamino @Loopscale - Spot Hype, ZEC, BTC, ETH, BNB, MON, AVAX & more - Private transfers @theprivacycash @solflare @Titan_Exchange Solana is a fully functional ecosystem, with the best performance you can get in crypto

A new kind of meeting destination for those in Stablecoins, save the date.