simple way to build generational wealth is just dump your 401k into any ceo who wields a sword

West Side Highway, New York City, 1977.

- Every time I see a CRO that doesn't sell themselves, they fail. - Every time I see a CTO that doesn't code themselves, they fail. - Every time I see a CMO that doesn't market themselves, they fail. - Every time I see a CCO that isn't constantly meeting with customers themselves, in person, they fail. I know many will disagree. But this is across 30 incredible investments, 10 decacorns and unicorns, and more. Maybe this works at a huge public company growing 15% or less. But not before $250m ARR. And probably not before $1B ARR. If ever.

I was once pitching in a board room at a top 3 VC firm for a $15M Series A. 12 people in the meeting. One of the GPs fully fell asleep. Out cold for 30 minutes. Nobody acknowledged it. Everyone just kept going. I kept presenting my Series A slides to an unconscious man in a Herman Miller chair and somehow that was considered normal. That's venture capital. You might fly across the country to perform for people who may or may not be conscious. It's a dance. And sometimes you lead and sometimes you follow and sometimes your partner is unconscious. If you're raising right now, just know: every founder has a story like this. The process is weird. The power dynamic is weird. You're not crazy for thinking it's weird. No one talks about it because they want to continue raising. But I'm happy to stick my neck out there. It is weird.

Honestly was not expecting Eric Church to give one of the best commencement speeches of all time. Chief CRUSHED this 🫡

Ken Griffin on the single factor he looks for when hiring at Citadel: "show me an athlete who did well academically." "an athlete because they know what it takes to win and they've had to experience loss." talent is everywhere. what's rare is someone who knows how to lose, recover, and still perform at a high level. same thing separates profitable traders from everyone else.

Only 11% of investors have ever backed a Seed winner that crossed $100M in revenue. Just ~1.5% of VC-backed startups ever reach $100M in revenue, so backing even one is rare. Of the 19,581 investors in our dataset, 17,445 (89.1%) have never done it; another 8.2% have done it exactly once. Just 25 investors — the top 0.13% — have produced 11 or more such winners. That handful drives a disproportionate share of venture returns. Explore the full ranking: dealroom.co/power-law-invest…

i think i messed up i asked Claude Code to "build a Docusign clone with zero errors" i guess it took it too literally, and immediately spawned 3 million employee agents who don't do anything so far all they've done is create a Slack and ask "any update on this?" to each other all day lesson: startups are hard

When your boss says "we'll get it done somehow" and you realize you're the somehow

Today, we've ended vibe coding as a whole. I just watched my Mac build a complete business in 183 seconds. This is just absurd.

JUST IN: Tiger Woods was involved in a rollover crash in Jupiter Island, Florida, on Friday afternoon, the Martin County Sheriff’s Office said. His condition was not immediately clear. abcnews.link/Tk1imc0

Anthropic is lying. The @DeptofWar doesn’t do mass surveillance as that is already illegal. What we are talking about is allowing our warfighters to use AI without having to call @DarioAmodei for permission to shoot down an enemy drone swarms that would kill Americans. #CallDario

I agree about the eventual and accelerating tokenization of things and am doing my part to contribute, but do you realize that a "real estate debut vault" with "mortgages or property-backed loans" is an actual existing thing? They are called "eVaults." There is a standards body called MISMO that is governed by the Mortgage Bankers Assoc. and American Land Title Assoc. They mandate an XML schema called an eNote. There is a registry called MERS. A mortgage note is signed in the appropriate XML, placed on the registry, assigned to the owner with a MIN (identifer), and securely stored. When transferred all things are updated, maintaining a ledger of debt ownership and assignment. The mortgage industry is highly liquid and completely interoperable because of this system. It is integrated with every mortgage originator, warehouse lender, secondary market investor, the GSEs, and every software system across the entire ecosystem. Every participant is on the registry, has a MIN, etc. MERS was a consortium that was sued by every state and county for decades, finally winning and establishing their legal right to possess and administer this registry... making it enforceable in court when a loan is challenged. Each layer of the stack is audited, makes reps and warranties, etc. It is also all virtually worthless. Plumbing where players monetize what surrounds it. Each part is bundled and typically free from the companies who generate mortgage docs, provide point of sale systems, etc. There is literally ZERO incentive for anyone here to change their systems and any participate who does change will require all of their partners to do the same. Even if you get a few, originators require maximum liquidity. They "best ex" loans, pooling them, and selling to the highest bidder exactly when they want. They cannot be restricted in any way. So you need to upgrade the entire system. MERS is now owned by ICE who owns the NYSE. They also own Encompass, the largest loan origination system with the vast majority of the market on their platform. Do you not think they themselves will upgrade this system, perhaps more slowly than people would like, but likely all at once and coordinated with the industry...? I share all this because it frustrates the shit out of me. So much wasted energy when there are real problems to solve. People should not spend ANY time on the tokenization of real estate assets, they should build value to the underlying process, its steps, and participants. And they should remember that this industry has high $$$ signs, but is terribly low volume and exceptionally difficult to differentiate and win.

a new home for a new era of @TexasVolleyball 🤘🏐 #HookEm

Love these new Anthropic videos