In a blog post published today, Affirm’s CFO, Michael Linford, crunched the numbers, explaining why recent “phantom debt” claims about BNPL don’t add up. 🤔💭

Check out the full piece ✍️: bit.ly/3JWiQo7

Key comment around image 4. If you are a financially vulnerable person and you are going to borrow, are you (and the society) better off if you use compounding interest credit cards that make more money when you barely make minimum payments OR a simple-interest (or no interest at…

Voice control is the future of AI

theinformation.com/articles/opena…

Max Levchin $AFRM on Bloomberg’s ‘Phantom Debt” story: the entire “Pay in 4” industry was $50 billion last year, average life of a loan is 3 weeks, so $3 billion in outstanding debt….this compares to $1.1 trillion in credit card debt. “Are you worried about Phantom Debt?” 😂

This is the power of pro housing legislation.

Due to passage of Buffy Wicks AB2011, we may now get 100% affordable housing for 100 artists streamlined in SF.

A possible decision in 90 days, with construction beginning next year, and completion 18 months after.

More of this.

So. Someone noticed :

Our 2023 housing numbers are in, and they are... not good.

The Northeast district (covering most of D3) built just 58 new homes.

D3 has empty lots, vacant retail, empty office buildings. No more excuses - we can and should be building more housing.

In grad school, I worked part time at lululemon (retail, not corporate).

I learned more about business from that part time job folding & selling yoga pants than any other job I had. ❤️

Here’s what they did differently:

7. How Mistral Can Train a Silicon Valley Quality Engineer in Europe in 3-4 Months

We hire 23-24 year olds & onboard them in 4 months.

They operate just as well as any other Silicon Valley engineer.

Europe has great talent & opportunities if we convince them not to go to the…

1. Biggest Takeaway from DeepMind

A team of 5 is faster than a team of 50.

Unless you organize the 50 into 10 uncoupled teams of 5.

I learned it the hard way & built smaller teams at Mistral.

If anyone is going to challenge OpenAI’s dominance it’s Mistral AI.

After just 1 year:

💻 7B model on fire 🔥

🚀 Open-source 8x22B performance rocking

🏧 $520M raised

My 7 key takeaways from Co-Founder & CEO Arthur Mensch 👇

Check out the Teenage Handbook competition, as mentioned in Lady Gaga's Lady Gaga | Channel Kindness platform, to encourage middle and high schoolers to digitally journal about teen issues and win prizes. teenagehandbook.com

Putting my money where my mouth is: after talking to Sachin Agarwal I donated a few months rent to GrowSF. They've accomplished amazing things in a short time.

First time in fifteen years of living in SF that I feel some hope for this city.
growsf.org/donate/

the concept of “work-life balance” always struck me as off, because those aren’t separate things. they’re connected, and always feeding into each other

i don’t try to strike a balancing act. instead, i look at how my work and personal life can be integrated even better

for me,…

Remarkable journey! Congratulations to Bipul Sinha Ravi Mhatre and the rest of the team and thank you!

Conversation between two founders Lightspeed has backed twice each!

ICYMI: I had a great time chatting with Michael Mignano for Lightspeed’s AI podcast, Generative Now. We covered a lot of ground, from AI & journalism to my comms advice for startups

Links to listen:
open.spotify.com/episode/5dHRae…
podcasts.apple.com/us/podcast/ale…
youtu.be/CZ5ZbKZWTXs?fe…

.Lightspeed were fortunate to go on the journey with @snapchat as the first investor - there hasn’t been another successful social network built since then. It was fun to reminisce about the extraordinary founders that drove that success!

We are launching the community prototype game of DuskBreakers on April 20th! Tune in to learn all about the world our team has created and the exciting open build gaming experience we'll be launching :) 🚀🚀🚀

Today is my 8 year anniversary at Google and I'm starting a new role here! So excited about the opportunity ahead! theverge.com/2024/4/18/2413…