🤔

This is even worse when you sensitize this to illiquidity. VC is even worse than that. Can’t make any money as a GP outside of fee accumulation. Can’t make money as an LP unless you have targeted access to the few companies per year that matter.

Well, this is probably one of the funnier things I’ve done but my friend (and sommelier) and I got a CA liquor license and started a wine collective - with our license it allows us to buy wine directly from vintners, get wholesale pricing, buy and house entire collections of wine

Stablecoins are the grand unifying theory of financial services. It makes competitors out of EVERYONE. The winner will be consumers and businesses. The impacted are the rent-seeking companies who charge excessive fees for little value. Stablecoins alone could return 100-200bp

youtu.be/HxNUAwBWX4I?si… My prediction in Dec-24 for the biggest business winner of 2025 were stablecoins…

I’ve mentioned this before but when I raised SC I, I asked Peter to invest. He wouldn’t unless I committed to a big number myself. My first fund was $275M, I ended up investing $60M. It allowed me to keep total control, have 2% fees and 30% carry. That then held across all

Why do we, as consumers, consumers tolerate human error on airlines? I see why pilots and unions fight increasing autonomy - they feel it threatens their livelihood - but why don’t consumers demand more from airlines and manufacturers? Wouldn’t it be better to have a fully

.X has become the most valuable platform to find amazing people to hire - engineers, PMs, designers. the talent pool here is really deep.

Pod up!!!

As discussed a few weeks ago on the pod.

My friend Philip Sternheimer Philip Sternheimer won a WSOP bracelet!!!! From Private Equity crusher to mixed game crusher. Huge congratulations!!🎈🎊🍾🎉

“I saw a maestro painting a masterpiece…”

Published less than a day ago…already #12 across all shows, all categories.

Burn and protest the company that does more for passenger safety than any other car company in history! How dare they!

For whatever reason, this one issue is the one that super tilts me. I hate the idea that I’ve unintentionally eaten all this microplastic! 😡

My 16yo is in the process of getting his drivers license. CA requires someone under 18yo to get 50 hours of driving experience before they can take their drivers exam. My rule is only that my son learn to drive with no aids so he has that skill BUT as soon as he gets his

Check Polymarket - The Fed should be cutting! The only reason not to at this point is political.