founder & ceo of opal (hiring, DMs open)

Joined June 2024
53 Photos and videos
Alex Steele retweeted
Hello Julia, sans aucune ironie, c'est top que tu prennes le temps de te renseigner. Mais le problème quand on lit Marx aujourd'hui, c'est qu'on prend pour acquis sa prémisse de départ, alors qu'elle a été démontée scientifiquement il y a plus de 150 ans. Toute la pensée de Marx repose sur la théorie de la valeur-travail. L'idée que la valeur d'un bien vient de la quantité de travail nécessaire pour le produire. Si tu acceptes cette prémisse, alors oui, tout son raisonnement tient. Le capitaliste "vole" la plus-value du travailleur, l'exploitation est mathématique, la révolution est inévitable. Sauf qu'en 1871, trois économistes (Menger en Autriche, Jevons en Angleterre, Walras en Suisse) découvrent indépendamment la même chose : la valeur n'est pas objective, elle est subjective et marginale. Un verre d'eau dans le désert vaut une fortune. Le même verre à côté d'une rivière ne vaut rien. Le travail incorporé est identique. Donc le travail ne détermine pas la valeur. C'est le consommateur qui valorise un bien selon son utilité marginale dans un contexte donné. Exemple concret : tu peux passer 1000 heures à tricoter un pull moche que personne ne veut. Selon Marx, ce pull a énormément de valeur (beaucoup de travail incorporé). Selon la réalité, il ne vaut rien. Parce que personne n'en veut. À l'inverse, Bernard Arnault crée des milliards de valeur non pas parce qu'il "exploite" mais parce qu'il a su anticiper et organiser des désirs humains à grande échelle. La valeur est créée par la coordination, pas extraite par le vol. Cette découverte (la révolution marginaliste) a invalidé tout l'édifice marxiste. Pas pour des raisons idéologiques, pour des raisons scientifiques. C'est pour ça que plus aucun département d'économie sérieux au monde n'enseigne Marx comme un cadre d'analyse valide. On l'enseigne en histoire de la pensée. Maintenant, le truc important. Si ton intention en lisant Marx c'est d'aider les pauvres (c'est une intention noble), alors tu vas être surprise par ce qui suit. Regarde les chiffres de la Banque mondiale. En 1820, 90% de l'humanité vivait dans l'extrême pauvreté. Aujourd'hui, moins de 9%. Cette chute historique ne s'est PAS produite dans les pays qui ont appliqué Marx. Elle s'est produite dans les pays qui ont libéralisé leur économie. Chine post-1978, Vietnam post-1986, Inde post-1991, Pologne post-1989. À chaque fois qu'un pays libéralise, des centaines de millions de gens sortent de la pauvreté en une génération. À chaque fois qu'un pays applique Marx (URSS, Cambodge, Corée du Nord, Venezuela), c'est la famine et les goulags. Ce n'est pas une opinion, c'est l'expérience la plus massive jamais menée en sciences sociales. Plusieurs milliards de cobayes humains, sur un siècle. Donc paradoxalement, si tu aimes vraiment les pauvres, la position la plus cohérente n'est pas d'être marxiste. C'est d'être pour la liberté économique. Parce que c'est empiriquement la seule chose qui a jamais sorti massivement les gens de la misère. Pour creuser, je te recommande trois lectures qui vont changer ta vision : "La Loi" de Frédéric Bastiat (court, lumineux, gratuit en ligne) "La Route de la Servitude" de Hayek "Économie en une leçon" de Henry Hazlitt Bonne lecture, et vraiment chapeau de chercher à comprendre plutôt que de rester dans tes certitudes. C'est rare.
Depuis tout à l'heure je me renseigne sur les idées de Karl Marx sincèrement je n'arrive pas à comprendre comment on peut être pour le capitalisme et même plus généralement être de droite
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Alex Steele retweeted
hiring for three positions - building verification layer for mobile development - founding engineer - founding gtm engineer - software eng intern $10k referral bonus ex Uber ai team, working with multiple f500 companies, looking for - high agency - low ego - disagreeable dm or link in thread
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Alex Steele retweeted
The follow up message is so underrated
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Alex Steele retweeted
Current status: Retardmaxxing.
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truly one of the greatest of all time
Mar 14
Fire me up Travis Kalanick, fire me tf up.
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Alex Steele retweeted
We raised $64M for this moment: Introducing Bustem. Bustem scans the internet to find and eliminate 100% of counterfeits RT comment “SCAN” and I’ll send you a list of every scammer targeting your brand 🫵
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Today I'm excited to announce that @GetOpal has raised a $6M Seed round in just 4 hours. Our first angel, @ianwcrosby, made one call on my behalf when I moved to San Francisco. That call changed everything. I moved to SF on October 17th. The next morning, my phone rang. @xuezhao from @BasisSet was on the other end. I’d never met her before. She said: "Ian tells me I need to meet you immediately. Can we go for a walk tomorrow?" We lived five blocks apart. The walk was supposed to be one hour. We ended up walking for four. She was asking questions to get to know me as a person. Feeling me out for one thing: Am I the kind of founder crazy enough to build a credit card company with no finance degree and no banking connections? By the end of the walk, we had agreed on terms. Today, Opal is announcing our $6M seed round, led by Basis Set, with participation from Founders Co-op, Ian Crosby, and Adam Orser. We didn't start as a credit card company. But our customers told us we had to be. Here's what we've built: - A Visa credit card built exclusively for ad agencies and the brands they manage - Credit limits that reach seven figures - underwritten on managed ad spend, not agency revenue - 1% cash back on all ad spend - A fraud system that actually understands ad spend, so Google and Meta charges never get flagged and kill your campaigns Traditional banks look at an agency's revenue and give them a $50K limit. We look at the millions they manage for clients and give them what they actually need. To Lan Xuezhao and the team at Basis Set - thank you for betting on this on day two. To Ian Crosby - you opened a door I didn't even know existed. None of this happens without you. To the Opal team - you're building something that doesn't exist anywhere else. That takes a specific kind of crazy. I'm grateful for every one of you. If you run an ad agency and your credit limits are costing you - reach out. We built this for you.
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Alex Steele retweeted
Feb 26
The whole retardmaxxing thing is actually so real. Meet an oddball and initially you're just like ok this guy definitely has a few screws loose. Not a total weirdo but catches you off guard But as time goes on you eventually realize he's not trying to be that way and that he's actually just comfort in one's own skin mogging you into normalizing his way of conducting affairs. Then you start to question if you're being too rigid in how you move Total left curve victory. This is unironically how you get whatever you want in life. Present the most natural and unforced version of yourself and just rep it. Be so carefree that the world has no choice but to acquiesce to your version of reality
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Alex Steele retweeted
the best possible thing you could say in an interview is "i really want to win"
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there is no better place than sf to build a startup anybody who says otherwise is coping or mistaken all the capital and talent is here
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Alex Steele retweeted
this is what every communist country becomes. it’s never a real eradication of status and wealth, because we’re human and that’s impossible. it’s a theft, with capable men who earned their wealth murdered and replaced by a small cabal of jealous, psychopathic bureaucrats.
BREAKING: Mathis Roy Vigne, Zohran Mamdani’s new appointee, repeatedly berated airline staff on X over business class seats, lounge access, and even not being served a drink. He raged at American Airlines after being denied lounge access on a business class trip. Socialism.
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Alex Steele retweeted
Feb 12
Seattle friends who actually live/spend time in the city, I’m begging you, please do yourself a favor and visit another city other than Portland. This is not normal. You have developed Stockholm Syndrome. After spending real time in San Francisco (another supposed “west coast shit hole”) after nearly a decade of absence my brain is broken. We’re no longer even in the same league. Wake up!
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Alex Steele retweeted
Feb 13
You walk into a founders' office for an interview and see this bookshelf. What happens next?
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Alex Steele retweeted
This is the equivalent of people in 1976 finding out that nerds were spending hundreds of dollars on computers. Still early.
i just found out chatgpt has a SUBSCRIPTION service?? WHO IS PAYING IM LAUGHING SO HARD RN
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if you want a job, sending a loom video of why you’re be great is an incredibly easy way to stand out and takes ~5 mins
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Alex Steele retweeted

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Canada is like the inverse America
JUST IN: 🇨🇦 Canada food prices rise 6.2% year-over-year, grocery prices up 5.0% and restaurant prices jump 8.5%.
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Alex Steele retweeted
ChatGPT is experimenting with advertising in their free subscription. I’m old enough to remember when Google started running ads and for a few years you could get warm leads for pennies. I also remember when Facebook launched ads and they had so many eyeballs and so few advertisers that it cost nothing to get clients for the first few years. Corporate advertisers don’t move fast on new things. They take 6 months to plan and 6 months to test before they go in heavy. Right now ChatGPT has almost a billion users a week. If they start running ads, they will have a lot of eyeballs and not so many advertisers until the corporates come in. There will be a window of opportunity to win customers very cheaply if you jump on it. I wish I had of been more bullish when Google and Facebook launched ads. I didn’t recognise how unique the moment was and I also didn’t realise how fleeting it would be. When ChatGPT launches ads, I’m going to seize the day and I’d encourage you to be ready to do the same.
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