Elliot Comite

Exploring what’s next. Prev: operating finance, building, investing @Ironclad_inc, @stripesco_, @perchwell. interdisciplinary thinking, systems & lots of takes

[Elliot Comite @ElliotComite]

All greatness starts with belief in a story. And Jalen Brunson has always believed in Rick Brunson. That’s special.

[Elliot Comite @ElliotComite]

@esssekar @CoreWeave I’ll see you in Valhalla brother

[Elliot Comite @ElliotComite]

Neoclouds and AI holdco/ ‘transformation’ funds have one thing in common…

when the capital tide goes out and multiples compress, the only place you want to be invested in is the market leaders.

[Elliot Comite @ElliotComite]

@drytortugas_inc Between neocloud and holdco?

I’d choose Long Lake

[Elliot Comite @ElliotComite]

@kevinakwok 😂😂 Fall 2008 was a *true banger*

[Elliot Comite @ElliotComite]

@kevinakwok Yes, I would rather be Berkshire in the fall of 2008 but instead I was attending a Soulja Boy concert

(Proud of this extremely niche joke)

[Elliot Comite @ElliotComite]

AI personal assistants (Instinct, Muse) may be the first true test for the efficient markets hypothesis.

[Elliot Comite @ElliotComite]

@DavidPawlan Correct answer: soon grandma, she’s amazing, as long as I don’t eff it up

[Elliot Comite @ElliotComite]

@stefanobernardi I’ve seen good friends *make the intro* to Tier 1 VCs and, when that VC wins the deal, still get relegated to the cuck tranche for their pro-rata

Really challenging game

[Elliot Comite @ElliotComite]

@KevinJDCS It feels like the Fund who stepped up to lead a tweener A, when few others wanted to put capital in the company, probably ‘earned’ their pro-rata

Tough to say that says it’s earned *and* the founder chooses

Easier that it’s one or the other

[Elliot Comite @ElliotComite]

Yeah, I can’t say that I agree with suing your PortCo

Having to deal with investor egos outside of all the normal company building challenges really sucks

VCs should resist temptation to make themselves the main character

Maybe raising more capital or upsizing to a small amount of secondary is the answer… tough one

[Elliot Comite @ElliotComite]

I don’t blame him… for him, it’s a one time game. He’s being told that he has to create room for big VC named X. Big VC fund X creates a lot of market value

Yet for the smaller seed fund, it’s a iterative game in which they always get screwed

The only way to win is when, in *initial* convo about sizing, founder initially pushes back on VC that “my existing needs X for pro rata”

This almost never happens

[Alyssa Rose @AlyssaRose]

If you don’t understand how truly sick this tweet is, switch out Israel for Sandy Hook. Talk about how tragic it is that innocent children were killed in school but then go on about how the mental health crisis that caused Lanza to shoot up the school is the real tragedy.

[Elliot Comite @ElliotComite]

@e01_9 @JasonrShuman @hberkman That’s not nice

And also not how this works

But have a nice life

[Elliot Comite @ElliotComite]

@e01_9 @JasonrShuman @hberkman I tell him this every day

[Elliot Comite @ElliotComite]

@lucascgould Completely agree and whole new frontier

Small enterprises also have big reach now

Very interesting set of capabilities/problems

[Elliot Comite @ElliotComite]

Will happily take the other side of his bet.

This market is massive. Instinct and Town will do great. Everyone will win (as long as the non-labs can finance buying compute).

Many people don’t want Meta, OpenAI or Anthropic to have more data about them. I am one of them.

[Martin Tobias (Pre-Seed VC) @MartinGTobias]

I am calling it now. These personal assistants like Instinct and Town are building too close to the sun and will get replaced by tools from the models very soon. Just like coding did.
I gave both of them the same task and also Claude Cowork. Cowork did it better and faster with more tools. These agents are wrappers that are going to have a hard time maintaining value.

[Elliot Comite @ElliotComite]

@DottChen Likely the correct take, at the end of the day

[Elliot Comite @ElliotComite]

@strandby Are mint chocolate chip and pistachio cousins or third related, twice removed?

[Elliot Comite @ElliotComite]

@JulianMoncadaNY Excellent point + agree