Great framing and I see this everywhere. One question to ask: will this stay? If yes (likely in my opinion), what should we do to thrive?

Knock on effects of a sector going wild, and a product with perfect fit. Go Daytona ❤️

Spray and Pray is a cargo cult pejorative that is no longer true and today only a justification for VC laziness Numerically from our dataset of 5000 startups, Monte Carlo simulations indicate larger portfolios at YC result in much higher median multiples on invested capital

And this is why rollups are going to be devastating, not liberating, at scale. Small profitable businesses pay their owners well and build cells of resilience. Small profitable rolled up businesses take that money and centralize it.

This is awesome. Bela Wiertz lmk if any sort of support can help.

The weirdest thing about BTC and ETH is that you know it will go down from here but also that it will go up from here.

Long post: Optionality is a mind virus. You have to be present to accomplish, achieve, or enjoy things. You have be part of making something good/better rather than hoping someone else will do it for you. 🔗 below

You see? OpenAI has publicly stated that their browsing tool explicitly uses Bing but they are secretly using Google…

A key reason the EU ecosystem is never going to match Silicon Valley is the lack of social overlap and resulting implicit trust. Large European funds just can't hold still when they have the chance to screw over early investors. This doesn't work in SF.

Nothing but respect for Nicolas Sharp and Alexander Christie - you’re running this marathon like a sprint!

In the last 12 months the pitches have gone from “look at our team’s old research papers” to “look at our IMO/IOI winners” to “look at a pic of our team in the office on Saturday”