Jake Crown

complexity is hard. so are startups.

[Jake Crown @Jakecrown]

Damn they closed the loophole.

[Jake Crown @Jakecrown]

@HarryStebbings Castmatic

[Jake Crown @Jakecrown]

California politicians scream about subsidies forgetting it was their subsidies that gave Tesla its first foothold in the market and allowed it to succeed.

Ironically, they accomplished their goal of making EVs pervasive and now criticize their own actions.

[Gavin Newsom @GavinNewsom]

Americans are struggling to pay for groceries and gas while Elon Musk becomes a TRILLIONAIRE.

When the federal government is for sale, the rich get richer and everyone else gets shafted.

The system is rigged.

[Jake Crown @Jakecrown]

$3k per US citizen (one time) and you’re going to solve all of that? Surprised you aren’t a trillionaire already with that level of genius.

[John Bourscheid 🇺🇸 🚀 @bourscheid]

I really don’t understand true greed. If I was worth $1 trillion, you’d have to physically stop me from solving as many of the world’s problems as possible.

Everyone would have a home, food on the table, proper healthcare, happiness.

I just don’t get it.

[venture anthropologist @0xBalloonLover]

anthropic won't let you use fable for biology, chemistry, ai research, or anything that accelerates human progress. that makes it the perfect tool for developing blockchains

[Mikel Artetxe @artetxem]

Brilliant idea! Next up: Apple randomly reboots your Mac if you're building competing tech, Gmail silently edits your email if you mention rival platforms, and Tesla Autopilot swerves if it detects you're working on self-driving cars.

All in the name of safety, of course. Because malicious actors controlling the world’s operating systems, inboxes and cars would be extremely dangerous!

[elie @eliebakouch]

mythos will be bad ON PURPOSE on ai "frontier llm research" tasks, this is very very sad for the research community

also the fact that this is un purpose not visible to the user is crazy

[Jake Crown @Jakecrown]

@paulg Would be interesting to see business owners, millionaires, etc

[Jake Crown @Jakecrown]

Profit = (return on invested capital - Cost of Capital) * invested capital

PE vs public company performance gap is driven by lower cost of capital via leverage

[RE-OPEN THE SIZZLERS @SaladBarFan]

“Private Equity works by buying a company, loading it up with debt, then selling it and making money”

What do people mean by this? Do they think future buyers won’t be able to see this debt on the balance sheet and accidentally overbid for the company?

[Dan Gray @credistick]

"To compensate founders for their risk exposure, VCs offer an implicit bargain in which the founders agree to pursue high-risk strategies and in exchange the VCs provide them private benefits. VCs can promise to give founders early liquidity when their startup grows, job security when it struggles, and a soft landing if it fails."

Risk-Seeking Governance, by Brian J. Broughman and Matthew Wansley

One of the more concerning implications of the research that supports this article:

- VCs have traditionally acted as "monitors", to keep founders honest and compliant.

- Over the last few decades, that has been diminished in favour of being "founder friendly".

- "Founder friendly" manifests as letting founders do whatever it takes to drive growth.

- As a result, VCs profit from this via faster markups, and founders benefit by getting early payouts.

Essentially, they take the brakes off top-line revenue growth to generate faster, leading to rapid TVPI inflation and opportunities for early liquidity.

It also results in happier founders (better NPS scores) because they have hands-off investors who are happy to let them cash-out early and derisk failure.

But, it produces a slower rate of innovation, weaker performance, weaker exit activity, and a larger number of post-exit fraud cases.

It's trading away the future for the present, to satisfy greed and opportunism.

"We show that venture capitalists’ (VCs) on-site involvement with their portfolio companies leads to an increase in both innovation and the likelihood of a successful exit."

The Impact of Venture Capital Monitoring, by Shai Bernstein, Xavier Giroud, and Richard R. Townsend

[Jake Crown @Jakecrown]

@boneGPT Haha you lost money on some token and no you’re a hater

[Avi Patel @avipat_]

General Catalyst just co-led a $31.5 million seed round into a blatant rip-off of my company, Kled.

(skip to 40 seconds if you want to skip context)

I would typically not speak on things like this, but this level of blatant copycatting is egregious and completely unacceptable, and needs to be made an example of.

This is one of hundreds of YC startups who have conducted this disgusting behavior. Unimaginative slop that continues to get rewarded due to nepotism.

[Jake Crown @Jakecrown]

@deadbeatsred @Aneka15amyth @breakingbaht I read it as a doomsday scenario where everyone is forced to participate (e.g. teleported into a magical room)

If it’s as you say I go from blue to red in a heartbeat.

[Jake Crown @Jakecrown]

@deadbeatsred @Aneka15amyth @breakingbaht lol what does this mean? Isn’t everyone forced into this nightmare scenario?

[Jake Crown @Jakecrown]

@deadbeatsred @breakingbaht Huh? Children can consent? Bro I’m as far right as they come.

[Jake Crown @Jakecrown]

@Aneka15amyth @deadbeatsred @breakingbaht Dumb. Young kids are 50/50 blue and red is my guess. It’s decidedly weird of you to assume that.

[Jake Crown @Jakecrown]

@RealDianeYap Childless

[Jake Crown @Jakecrown]

@Error3022 @Cary_Bleasdale @gfodor my line's 75%

[Jake Crown @Jakecrown]

@BobMurphyEcon @waitbutwhy Its not. My kids not jumping into a blender but there's a 50% chance they push blue.

[Jake Crown @Jakecrown]

That's because there's no compelling argument for the lonely red voter whose only treasured connections are other competent adults. If you have young kids or care about those that do, blue is the only choice.

This vote is a measure of societies awareness of the existence of, and the willingness to protect the youth, not a measure of rationalism.

[Azad @woarna_is_right]

Not a single blue argument has changed my decision to take red

"you're a sociopath!!!"

i'm vegan btw