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Buck
14.2K posts
Not Jewish, but 10/7 shook me harder than any recent global event. A harsh reminder of pro-civilization vs anti-civilization and a culture of progress vs a culture of barbarism. Proud Zionist.- There is so much equity trapped in late stage tech. Public markets don't want it. PE doesn't want it.
- OpenAI? The compute purchase order press release company?
- If you surround a guy, throw shit at him, put your hands on him you deserve to get knocked the fuck out.JUST IN: Full footage released of the NYC banker who went viral last month for hitting someone from a pride event. Jonathan Kaye went viral after a short clip showed him KO'ing a person in Brooklyn, however the video didn't show the full story. On Monday, Kaye turned himself in
00:00 - DOCU has 8k employees. What do they work on?
- combined revenue here is like $2BWild day of AI startup funding news: ▫️xAI raised $15B at a $200B valuation ▫️Cursor raised $2.3B at a $29.3B valuation (up 12x in 10 months) ▫️Thinking Machine Labs in talks to raise at a $50B valuation (up 4x from a few months ago)
- The AI labs are basically like 2005 Google in terms of comp, employee perks, etc. But, unlike Google they are not a monopoly, have upside down unit economics, and are in maybe the most capital intensive red queen’s race in economic history.
- Of course that’s your contention, you’re a first year macro tourist. You’ve just finished a podcast, Forward Guidance probably, so naturally that’s what you’ll believe until next month when you get to Doomberg and get convinced that the German industrial complex will be unable..
- Every fintech superapp seems to start with a mission of financial inclusion and end shilling high margin credit cards and crypto trading
- hiring freezes are back; layoffs next
- if you'd valued google at $500B in 2007 on its $15B or so of revenue your IRR would have been like 10%...gotta really dream the dream on openAI/anthropic in these recent rounds
- Dinner with a few senior tech people last couple nights: 1. Q1 is trending as shit 2. RIF just the beginning. Everyone culling low performers aggressively 3. WFH might be dead or at least kicked down the stairs in a year 4. SF is back babayyy
- happens in every bubble?If we are in a stock market bubble, this would be the first time in history that a bubble occurred when companies were telling the market “we can’t keep up with demand!”
