Captain Ahab

I know not all that may be coming, but be it what it will, I'll go to it laughing

[Captain Ahab @LaughingCaptain]

"Permanent Capital" is Orwellian doublespeak.

[Captain Ahab @LaughingCaptain]

@OnodaCapital @tanayj Even if you just take DPI it beats QQQ because it’s geometric. 6x from Fund 1 gets invested in later funds like CNK 1 which is 5x. So that’s 30x on that dollar. You’d need distribution timing to build an accurate model, but the QQQ comparison misses that DPI is reinvested.

[Captain Ahab @LaughingCaptain]

@JerryCap @GavinSBaker Exact opposite will happen. Every VC thinks their company is the best in class. “If Groq is worth $20B, we are worth $100B!”. So they will plow in more money to cerebras, etched, MatX, tenstorrent, etc

[Captain Ahab @LaughingCaptain]

@TheBillykirk @tobi His exit tax (“deemed disposition”) would be impossible to pay without selling a lot of his Shopify stock which would cause the price to fall.

[Captain Ahab @LaughingCaptain]

@chamath This is bullish for autoparts which sell to Tesla/Waymo. Cars break based on miles. If they are driving around all day that’s a lot more miles.

[Captain Ahab @LaughingCaptain]

@DeltaClimbs @Aqsunqar1992 Narcissistic insecurity b/c they pulled off what you couldn’t.

[Captain Ahab @LaughingCaptain]

@endowment_eddie How would you describe the other 30%?

[Captain Ahab @LaughingCaptain]

@DeltaClimbs @trickylabyrinth @ti_morse @hargsb @castelion Mantis Composites, named after Mantis Shrimp?

[Captain Ahab @LaughingCaptain]

You don’t love nature.
You love shoes, antibiotics, and Gore-Tex.
Nature is the part where the bear eats you.
Technology is standing on the mountain, watching the sunset, shielded from the violence.

[Captain Ahab @LaughingCaptain]

@JordanNanos @lmarena_ai It’s fully pipelined, so the 10k LPUs are handling thousands of requests at once in a pipeline. Not one request at a time. This is why your estimates are so different than the company.

[Captain Ahab @LaughingCaptain]

@chamath is the @jimcramer for millennials.

[Captain Ahab @LaughingCaptain]

@rabois SHV, Cyberstarts, and ?

[Captain Ahab @LaughingCaptain]

@endowment_eddie @BusinessInsider @Forbes Who would be your top 10 seed investors?

[Captain Ahab @LaughingCaptain]

SpaceX shares are a Veblen good.

[Captain Ahab @LaughingCaptain]

@endowment_eddie who are the funds LPs love that founders haven’t heard of?

IA, Floodgate, Point9, SHV, Creandum, Founders Collective, BlueYard?

[Captain Ahab @LaughingCaptain]

Companies gatekeeping distribution were roadkill on the Information Highway (travel agents, retailers, print media).

Companies gatekeeping information will be roadkill on the AI Highway (doctors, lawyers, labels, online media).

[Captain Ahab @LaughingCaptain]

White-collar workers replaced by AI in the next decade will be just as bitter as the blue-collar workers replaced by globalization over the last 10 years.

[Captain Ahab @LaughingCaptain]

@laurenbalik Did you know Neil Kadisha is his father in law? https://t.co/AbqLyxFUXk

[Captain Ahab @LaughingCaptain]

AI is like hard drives in the 80s. Scaling laws opened up new applications that were huge. 5.25in -> 3.5in (PC) -> 1.8in (iPod/MP3) -> SSD (iPhone, Cloud, etc)... @sama is Finis Conner... Lots of hype, but ultimately Microsoft wins.

[Captain Ahab @LaughingCaptain]

Dear startups, sell something people already want to buy.