Stanford grads walk out as Google CEO Sundar Pichai takes the stage as commencement speaker. No mention of AI, unlike other uni speakers getting booed down this year. Story for @sfgate shortly

The 10,000 San Franciscans who are about to become millionaires in 2026 are going to fund a new generation of art, architecture and ideas that will shape the world

Venture Capital's Fourth Turning

Five years ago, it was rare for escorts to charge more than $1K per hour. Now, a handful of women charge much, much more: $3k, $5k an hour. $23k a day. $30k a weekend. Inside the shifting economics of intimacy in Silicon Valley: forbes.com/sites/annatong/20…

Great advice for the Marc Andreesens of the world. Probably not so much for pretty much everyone else. I've done well for myself winging it. But I am reaching an age where I can see how much better my trajectory could have been with more focus and planning.

If you think you’re willing to do anything for your startup’s success, think again. This is me making out with a guy for investor money.

You aren’t starting a company. You’re laying bricks in the foundation of a skyscraper.

Schumpeter in a nut shell: — Capitalism forces “rationalization” and the rationalist worldview, which just ends in an almost nihilistic skepticism that corrodes everything traditional that it touches: in particular “family life” and the aristocracy. — The traditional bourgeoisie aren’t utilitarian individualists, they’re glory-seeking lineage-makers; the only reason they accumulate so much property is so their dynasties will outcompete other bourgeois dynasties in their preferred measure of prestige (money). Once women realize that traditional family values are bullshit (thanks to the rationalist individualism capitalism disperses) the lineage-making stops, and therefore so too does the most powerful reason for endless excess accumulation. — The dispersion of capital ownership via the new corporate form will dim the bourgeoisie’s passionate defense of private property; corporate managers takeover the old heroic entrepreneur’s functions so it’s no longer that fun or glorious anyway. Bourgeoisie “can’t say boo to a goose.” — The aristocracy was the necessary bulwark against rising socialist tide because they had the “habit of command” required to put down the street ruffians back in their place. Rationalist skepticism gets rid of that bulwark too. — Enlightenment and mass education over produces “intellectuals” as a class, who are habitually disgruntled and instinctively attracted to the idea of rational planning. The bigger this group gets, and the more resentful they get about their lack of proper recognition in a world where money is the metric of prestige, the more they’ll go for capitalism’s throat. In schematic form: Capitalism —> rationalism/individualism —> decline of family values (rise of corporate form —> dispersion and devaluation of property automation of entrepreneurship) —> bourgeoisie gives up —> aristocracy gets axed and removed as a private property defender —> overproduction of intellectuals, who are structurally predisposed to be socialists, take over the all the available ideological space and overwhelm state actors, bending their instincts towards socialism too Capitalism doesn’t fail for economic reasons—economically, it could go on forever; the Marxists and radical Keynesians are wrong about that—it fails because capitalism produces a culture and sociology inimical to itself.

are they targeting the EU talent pool or what

ARGENTINA | Tech billionaire Peter Thiel relocates to Argentina, citing concerns about the U.S. future and shared ideology with leadership. (NYT)