Raring2GO

| Commercial Multifamily | Tech Equity | Santa Monica Venice Beach Palisades (NYU, UM, PwC) x CPA | Hedge Funds Tax Structurer

[Raring2GO @ATriskCAPITAL]

The broker packet problem. “A broker packet is not underwriting.” “It is a sales document. Sometimes useful. Never enough.”

“You still need debt assumptions, rent friction, capex timing, exit cap sensitivity, and downside carry.”

“If your model starts with the broker’s pro forma, you are starting with their dream.” “Start with reality. Then decide.”

[Raring2GO @ATriskCAPITAL]

he has so many

[Justin Mares @jwmares]

5 years ago, I started Inflection Grants to give $2000 grants to talented kids under 25.

Last year, Zuck donated a gold chain and raised 38k for Inflection Grants

And today, Sotheby's is auctioning off an autographed Jensen leather jacket!

[Raring2GO @ATriskCAPITAL]

I hope you find a nice beach with quiet waves to sit

[Fidji Simo @fidjissimo]

Today, I shared with the OpenAI team that I have decided to leave my full-time role at OpenAI and transition to being a part-time advisor.

Three months ago, I had to go on medical leave after a severe exacerbation of a chronic illness I’ve lived with for seven years. During that time, it became clear that the road to recovery would be much longer and more complex than I had anticipated—and that I needed to focus on it fully.

When I went on leave, many people told me I was courageous for prioritizing my health. The truth is that I am only making this decision now because I failed to make it many times before.

Over the years, doctors, friends, colleagues, and loved ones encouraged me to slow down. Two years after I got sick, Facebook offered me the opportunity to take a full year of medical leave. I didn’t even pause to consider it. I immediately said no. At the time, Zuck told me I should play the long game. I wish I had listened.

Looking back, I realize that a lot of what made me successful also made this decision incredibly difficult.

I grew up believing that opportunities were precious and that when they appeared, you grabbed them with both hands. That mindset carried me from a small town in southern France to opportunities I never could have imagined. By the time I turned 40, I had already gotten to do more than I’d ever dreamed possible as a kid growing up in Sète.

I love building. My work has always given me a deep sense of purpose. OpenAI in particular felt like a role that my entire career had been building toward, which made this decision even harder.

But what I’m learning now is that grit and endurance are not the only skills required to have impact over decades. Sometimes the harder thing is to stop, listen, and trust that taking care of yourself today makes it possible to contribute for much longer tomorrow.

This experience has also strengthened my conviction about why this work matters.

It has been a jarring experience to spend my days helping build the future while simultaneously navigating a disabling disease that still has no cure.

Over the last seven years, I’ve spent countless hours in doctors’ offices, dealing with symptoms, treatments, insurance, uncertainty, and all the invisible work that comes with being a patient. Like millions of others living with chronic illness, I’ve experienced firsthand how difficult healthcare can be to navigate, even when you have every possible advantage.

More than ever, I believe that some of the most important opportunities for AI lie in helping people solve real problems in their daily lives: their health, their finances, their time and the everyday burdens that shape human experience.

In particular, curing disease is the most important thing AI could accomplish. I’m excited to continue working towards cures through OpenAI but also through my work with @ChronicleBioAI and @CODA_research.

I’m deeply grateful to @sama, @gdb and the OpenAI board for their support during this time and for offering a way for me to continue contributing to the mission without sacrificing my chances of recovery. I’m also so thankful to my team and the many extraordinary colleagues I’ve had the privilege to build alongside.

For now, my focus is recovery. But my belief in the potential of technology to solve deeply human problems has never been stronger.

[Raring2GO @ATriskCAPITAL]

don't have it in me ...but do not see how France can win the world cup - game was beyond boring - bring in the #Norwegians

[Matt Turck @mattturck]

@AlertaArgNews Yes total chaos right now

[Raring2GO @ATriskCAPITAL]

bull shit - you cannot build a model that has rent growing at high single digits year after year and most of all ...no amount of paint not even farrow and ball will make a C class turn into an A class

[A.J. Manaseer @AJManaseer]

Finally some actual nuance regarding the whole S2 story.

These guys killed it deal after deal after deal for a decade. Made their LPs hundreds and hundreds of millions.

Every strategy works until it doesn’t. Theirs was “buy Class B/C sunbelt multifamily with short-term/bridge debt, fix, and flip fast.”

2022-23 was the perfect storm to upend this strategy. It wasn’t corruption or incompetence. It was just a bad strategy for the time.

(The flexing and flaunting on IG is a different story but pocket watching is lame.)

[Raring2GO @ATriskCAPITAL]

what a concert

[Brian Krassenstein @krassenstein]

AMAZING: Rock Star Olivia Rodrigo will Fund Planned Parenthood, Black Mamas Matter, and these other organizations with her ticket sales from her Daisy Chain Fields Festival in Irvine, CA next month after Republicans defunded Planned Parenthood:

- National Institute for Reproductive Health
- Center for Reproductive Rights
- FreeFrom
- Jhpiego
- Baby2Baby
- Johns Hopkins Center for Indigenous Health
- National Domestic Workers Alliance
- National Women’s Law Center

BRAVO!

[Raring2GO @ATriskCAPITAL]

that would be a steal - assuming one is not concern that the cliff will collapse

[The San Francisco Standard @sfstandard]

Only in San Francisco: An 11-unit apartment building baked into a cliffside that once housed Diego Rivera and Frida Kahlo — and appeared in a classic film noir — is on the market for the first time in decades, asking $8 million.

Read more: https://t.co/smG5n7FbPS

[Raring2GO @ATriskCAPITAL]

Why this is your problem now

Everything the Fed does eventually becomes a discount rate, and the discount rate is the gravity that every income-producing asset you own has to fight against. REITs, utilities, homebuilders, mortgage lenders, long-dated bonds, your dividend darlings — all of them are, financially, just promises to pay you later. And the whole question of what "later" is worth runs straight through this building.

https://t.co/WIgITLmNq0

[Raring2GO @ATriskCAPITAL]

things like this is what cloud views - imagine taking 200M and rebuilding palisades vs spending it into the void to tell people who have suffered "unimaginable" lost - imagine what the outcome of positive action

[Elon Musk @elonmusk]

California has legalized election fraud

[Raring2GO @ATriskCAPITAL]

looks like a great office to resi conversion - the window line + park avenue south

[Brian Chesky @bchesky]

There’s at least one legal airbnb property in NYC

[Raring2GO @ATriskCAPITAL]

Your RSU number is not your real estate budget.

The real number comes after tax, reserves, debt service, and concentration risk.

A buyer with $300K on paper may have a very different amount of usable acquisition capital.

Model the sequence before the asset.

[Raring2GO @ATriskCAPITAL]

@opinioncasino I don't have an opinion on ethics - because if the folks are not on your side then god help you - but I have been on quite a few real estate transactions where the deal made a 100%+ return - is it easy NO can it be done YES

[Raring2GO @ATriskCAPITAL]

A special-servicer-controlled hospitality asset just reset at a basis the open market still is not pricing correctly.
A similar setup moved fast once a buyer showed they could close without noise.
Two more situations like it are already moving behind the curtain.
If you want early looks before the crowd catches up, start at https://t.co/como5a3p6n. If you care more about passive cash flow than operations, take a look at https://t.co/VqwbhZTlOv

[Raring2GO @ATriskCAPITAL]

in a perfect world, when they sell the asset - you should be able to realized your 20+%

[Sheep of Wall Street @Biohazard3737]

I made two LP investments in real estate in my life (both recommended by my wife's wealth advisor for diversification purposes and allegedly managed by top developers and operators).

This is the 2019 vintage multi-family investment that's performing ok. (The other one was a complete write off).

$330M in equity invested. $1.2M in quarterly investment income. Arguably, that's better than a loss. But then, $1M of that goes towards management fees. LPs are left with $100k.

[Raring2GO @ATriskCAPITAL]

GURU (the manager referred to as "$30 billion-plus" in the article) has had an active year on this front:

Won a $204.7M foreclosure judgment on Miami Beach's Goodtime Hotel in May 2026, then took the property outright at a July 1 auction via credit bid after providing a $152 million loan on the hotel in 2021 and filing suit in January. Is in the process of handing back (not taking back) two San Francisco office buildings, Central Tower at 703 Market Street and 26 Third Street, to its own lenders after defaulting on a $98 million CMBS loan tied to the property, following a major tenant's lease expiration with lenders expected to take ownership by the fourth quarter. https://t.co/qLOF9joSUK #debt #commerical #assets

[Raring2GO @ATriskCAPITAL]

this may be good - if it tracks K-1's and all the "boring" accounting stuff too - vs flashy onchain

[Alexis Ohanian 🗽 @alexisohanian]

Been a @CoinTracker customer since 2017 and a seed investor since 2018. Same team just launched Nino: a dedicated CFP + CPA backed by AI that sees your whole financial picture. A family office for EVERYONE.

https://t.co/3bbNjHKr9b

[Raring2GO @ATriskCAPITAL]

overzealous and dumb is like doubling down

[Herb Greenberg @herbgreenberg]

My take: Smart seller, overzealous dumb buyer.

[Raring2GO @ATriskCAPITAL]

Before you buy, sell, refinance, or hold, know where the real estate math breaks.

The broker sees the comp.
The lender sees the debt.
The owner sees the history.
The buyer sees the upside.

The decision lives where all four collide.

[Raring2GO @ATriskCAPITAL]

3rd street promenade, once a magnet for shopping now ...either an opportunity or? whats your take on #santamonica #realestate

[Raring2GO @ATriskCAPITAL]

the 1st time I went to SF - I arrived pack for 2 weeks in shorts and T shirt from a hot NYC summer - let me tell you how fast I found the GAP in union square

[Phoebe C. Martin @phoebecmartin]

WHY IS IT WINTER IN SF

[Raring2GO @ATriskCAPITAL]

Tokenizing some of the worst blighted properties in Detroit didn’t fail because of the blockchain. It failed because of basic real estate fundamentals. Here is the model they skipped. You're in crypto. You've watched enough of these cycles to know that a liquidation event isn't really an indictment of putting real estate on a blockchain. It's an indictment of something much simpler: buying blighted, undercapitalized, poorly titled assets at a discount and assuming the discount itself was the investment thesis. Strip away the token, the smart contract, the USDC yield — what you're left with is a landlord, and a landlord has obligations that no amount of financial or technological complexity exempts them from. Clean title. Code compliance. Paid taxes. Funded reserves. Competent property management. Responsive tenant communication. A token doesn't change any of that. It just changes who's exposed when those obligations go unmet, and how many people are exposed at once. https://t.co/w6fuilHnlj