For Startup founders, not all $ cost the same. Here’s the true cost (Highest cost first) 1. VC $ 2. Bank $ 3. Retail $ 4. Family & Friends $ 5. Grants and Donations 6. Revenue from your customers You should be working from the up the list when trying to raise capital.

Things Outsiders do; Work for Money -Borrow Money -Buy Liabilities -Work Until You Die Things Insiders do; Money Works for You -Borrow Money -Buy Cashflowing Assets -Freedom

Two choices: 1. Moan that the game is rigged. Always thinking elites have an unfair advantage. Gambling rather than investing. 2. Educate yourself. Learn the game that the elites play and give yourself the same advantage. You choose. You decide.

To power NVIDIA current AI-specific microchip sales would require between 14-17 GW of continuous power. The data centres will need a lot of Green Electricity and as AI power increases so will power demand. No Abundant Intelligence without Abundant Green Power. Very bullish

This might be the best and most clearly articulated version of this I’ve probably ever seen. The end game is (almost) always to become the Banker.

The followup question I feel like we're all hoping someone can answer... what triggers the sentiment shift in the market that begins to drive price action across the commodity super cycle thesis? (especially gold / gold stocks) "Looking ahead, we believe the post-pandemic era

It’s a great business model to get paid a guaranteed salary + a % of profits to gamble other people’s money

Rule #1: the game is rigged in favor of the insiders

If there was ever a time to believe in the gold bull thesis, now is that time.

"History reports that the men who can manage men manage the men who can manage only things, and the men who can manage money manage all."

Gold quietly just hit a record high of $2,225 per ounce. And no investor cares (except for central banks accumulating, like China). So this is either going to revert back to the mean... Or there's going to be a major influx of capital to equities coming, the likes of which

The market can stay irrational longer than most people can hold the position

Blackstone Calls Bottom in CRE, Buys $10B in Luxury Multifamily x.com/i/broadcasts/1…

In defense of the “Small Cap IPO”

In case you're tired of the political everything in your feed, here's something beautiful to watch.

Dear David Sacks, 1. I don't care much about right vs. left. I too cannot stand PG. (I'm with you on that one!) 2. I find it curious that below you claim "Craft didn’t exist and I wasn’t a VC" when referring to your investments before Craft Ventures' founding, which I have on

This is one of the most impressive things I’ve ever seen in my life holy shit

This made me smile.