oter

Slowly compounding the important things in life

[Will Manidis @WillManidis]

i feel profound moral culpability for pioneering the historical anecdote into lessons about technological progress and morality essay format that every venture fund is now pumping out of their industrial slop canons.

its all gone way too far, I am so very sorry.

[LJB | Sage of Hoeflation | POFMA Poet | COE/GCB @hoeflator]

Pretty certain Balaji blocked me bc I said it was in JB. Come on bro. Dun worry, it’s just like saying ur a landed kid when u only grew up in terrace house for 2 years b4 ur father lose his job…

[oter @carlosotermin]

@MrtnzAlvrz pumpeando

[Joe Weisenthal @TheStalwart]

Does anyone know why the JPM building is lit up with the Korean flag tonight?

[Buscetta @Bu_scetta]

POV: sei una donna europea e ti volti indietro mentre stai tornando a casa di notte

[Daniel Conversano ⏩ e/acc 🚀 @dannyconversano]

POV : Tu as acheté une maison en viager mais tu commences à te dire que c'était peut-être une connerie.

[oter @carlosotermin]

@MrtnzAlvrz La pumpeada de la primera semana te va a despegar los parpados

[Olivier Varlan @VarlanOlivier]

Louis XIII constatant que sa mère Marie de Médicis ne veut pas quitter le pouvoir :

[broadglow @broadglow]

Global innovation narrative cycle:

- Aschenbrenner: 4 years early
- Dwarkesh: 12 months early
- YC RFS: 6 months early
- Sequoia: 1 month early
- Coatue: 6 months too late

[oter @carlosotermin]

@amicdaxwell Muitaa ruaaaaa

[Yann @Psychotic_rit]

Inshallah gozaimasu

[LT Jonathan Kendrick @PlisskenPatriot]

Legendary banger

[oter @carlosotermin]

@Bernstein Gafas no me estafas

[oter @carlosotermin]

Es una auténtica barbaridad toda la película de los boards y los comités, no funciona ni uno, que experiencias más kafkianas a uno y otro lado de la mesa…

[oter @carlosotermin]

Lo normal desde que el mundo es mundo… a buscarse el pan

[InvestorFromEurope @TheDealMakerGuy]

Went to a Mediterranean wedding last week. The couple met in London, both in finance.

Most of the European guests had done the same London chapter, and nearly all of them have since left. The interesting part is what they do next.

You finish a solid run in London PE or finance, then move back home to Spain, Italy or Poland. And there's no equivalent job waiting for you. Local PE exists, but it's thin. A handful of funds, often satellite offices, not much demand for senior people.

So they build something of their own. Which is a big reason the independent sponsor model, search funds, deal-by-deal investing and boutique M&A advisory keep spreading across Europe ;)

Part of it is the pull of independence. Part of it is the market simply leaving them no other option.

And this wasn't one conversation. It was the same story from basically everyone I spoke to who'd left London.

Yes, there's selection bias here: finance couple, finance friends. But it's one more force pushing people independent, and it stacks on the point I keep making on here: staying in PE as an employee often means no carry, and no real upside these days.

[oter @carlosotermin]

@AndresRublev Lo dices como si no hubiera sido amiga antes de casarse 😂

[oter @carlosotermin]

@amicdaxwell 😂😂😂

[oter @carlosotermin]

@Espball Patriot

[oter @carlosotermin]

@MrtnzAlvrz Y en España parecido

[Martinez @MrtnzAlvrz]

"La dura realidad es que Cataluña se ha quedado en una cosa muy pequeñita. Grandes propietarios quedaban cinco; uno ha muerto y otro acaba de vender, y de los tres restantes ninguno se asoma por el Cercle. Lo llenan ejecutivos de empresas que son las que pagan los mil euros que vale la cosa. Y los socios de toda la vida vamos porque tampoco hay tantos motivos para distraerse aquí. En Cataluña hay una cosa importante en la Diagonal que es la Torre Negra, que no tiene dueño, y tres o cuatro buenas empresas. La famosa burguesía catalana hace tiempo que no existe, ha desaparecido. Hay 10 ejecutivos de talla y poco más. Eso es todo. Lo que sí hay, para nuestra desgracia, es un quilombo impositivo y de sucesiones insoportable, que hace muy difícil la vida aquí, eso por no mencionar la creciente inseguridad"

[oter @carlosotermin]

@amicdaxwell Collab con Martinez?