I’m seeing a lot of pre-seed deals right now priced at $10m that are not getting done. Simple solution to this. Lower the price.

It's worth remembering that DOGE is a failure at Every. Single. Possible. Level. At the micro level, they misread, misled and straight up lied about many of the 'savings'. They'd announce '500m saved!' and it would be some contract where the money was 98% already spent and

Figma will IPO tomorrow raising $1.2B at a $19B valuation VCs with the largest ownership %: Index - 16.8% Greylock - 15.7% Kleiner Perkins - 14.0% Sequoia - 8.7%

One of the worst things founders can do is take a bunch of money from price insensitive Angels before talking to real vcs. Your fundraise will be 10x harder.

you’re NGMI if you’re not tapping into these free startup credits - Cloudflare for startups (up to $250k credits) - Posthog for startups ($50k in credits) - Notion for startups (6 months free) - Datadog for startups (up to $100k credits) - Retool for startups (up to $60k) -

.@Figma $FIG just completed their IPO today and it was a huge success. "IPO of the Year", the biggest and most oversubscribed IPO just happened, and it's a huge positive for the whole market. Just 2.5 years ago Figma was being sold for $20B to Adobe; and now, Figma is a publicly

lol

Seed funds can return 60x on a deal like Figma (~2000x return). THIS is why LPs invest in seed funds.

remember how a month ago ADP jobs report was very negative and government jobs report was very positive? so the government jobs report was apparently a mistake

crazy

Good thread

Paul Graham 🫡

I was upgraded to first class on my flight. Everyone in the front is posting thought pieces on Linkedin. I looked back to the rest of the plane. People are joyously shitposting on Twitter. Sharing humor and trying to get likes. Was just a very interesting observation.

Man, we used to laugh at the British for Brexit being such an own goal. This administration is going to make Brexit seem like a parking ticket. There will be no coming back from this. This is going to set us back for decades and decades.

.@jason here is one of the reasons why: parents are afraid to let young people out of the home. see case in point: manslaughter charges for parents x.com/RichardHanania…

Amazing to see some Abundance and YIMBY right in the most amazing neighborhood in the US. Great job Erik Bottcher Keith Powers Mark D. Levine . I expect I'll hear lots of heavy construction noise for the next few years but it's all worth it

startup pitch deck: last year's ARR vs this year's ARR!

This is the real "VC is dying" chart. VC is an extrovert business

It will be a very funny own goal if the botched GPT-5 release will drive more people to Claude

We knew they weren't smart, but some of them.. ..whoa