So much news today! Quest 3 is official—our most powerful headset yet with pancake optics for a slimmer profile, improved comfort, a next-gen Qualcomm Snapdragon chipset for over 2x the graphical performance, and better resolution and display

If your "product" is just a bunch of calls to OpenAI's API, it will be dead before tax season.

Our little startup grew by 40%+ again last month 🍋 To put that in perspective. We processed more payments in May, than the last 7 months COMBINED. 🚀 I thought I knew growing pains. I thought I knew what PMF felt like. This is a whole new level.

Wow: The S&P500 is exactly flat since the Fed started to hike rates. Imagine, we went from 0 to 5%+ rates and equities are… fine. 🥹 We did see a 17% max drawdown last fall… but all of that is now recovered.

Liquidity vacuum to risk-free assets; curious how this will impact LPs/funds at the series A & above on top of already restricted volume.

Communicate simply & concisely; expand if necessary. The medium is the art.

When something is not working, avoid augmenting & adding to; instead cut or restructure. Sound for both startups & life.

Builders build

Curious if MasterClass will launch personalized tutoring product, where each masterclass teacher (using AI) gives you personalized feedback (eg. Bob Iger gives you advice on your business strategy)

I’m super excited to make it official: Simon Suo and I have started a company around LlamaIndex 🦙, and we’ve raised a $8.5M seed round led by Greylock Partners! 🔥🚀 We are building the open-source data framework to unlock LLM capabilities on your private data. medium.com/@jerryjliu98/b…

People reference “skate to where the puck is going” when speaking of product strategy. This implies two things: 1. You have high-confidence probability of future outcomes. 2. You have high-confidence of timing. Both are incredibly difficult.

The ability to quickly distinguish signal from noise is undervalued in most of business.

1/ Incredibly easy to make something cool with LLMs, but hard to make something robust and consumable by end users.

Always placing bets

Here are 8 trends we shared with LPs that we are seeing in this market 1) Down rounds: ~20% of VC investments are down rounds 2) Bridge rounds: ~40% of Series A & B are bridge rounds 3) Round velocity: Time between rounds has increased to 24+ months across stages 4) Lower

Heading to Threads ✌🏼