NumberGuyCPA

[This Week in Startups @twistartups]

JCal: "The real crime is that rich people have rigged the markets."

You can bet on the Knicks, gamble on blackjack, and YOLO any meme coin you want.

But you legally can't buy SpaceX, Uber, or Tesla before they go public... For some arbitrary reason, we draw the line in private markets, even though that’s where all the value is created.

@jason

[Robert Sterling @RobertMSterling]

> you’ll never start a rocket company
> you’ll never build your own engines
> you’ll never be able to use off-the-shelf parts
> you’ll never survive three launch failures
> you’ll never reach orbit
> you’ll never win NASA’s trust
> you’ll never launch cargo to the ISS
> you’ll never compete with Boeing
> you’ll never compete with Lockheed
> you’ll never make rockets reusable
> you’ll never land a rocket vertically
> you’ll never land one on a drone ship
> you’ll never reuse a booster
> you’ll never fly the same booster 10 times
> you’ll never fly the same booster 20 times
> you’ll never fly the same booster 30 times
> you’ll never recover and reuse the fairing
> you’ll never lower launch costs
> you’ll never launch every month
> you’ll never launch every week
> you’ll never launch multiple times a week
> you’ll never carry astronauts
> you’ll never replace Roscosmos
> you’ll never fly civilians to orbit
> you’ll never manufacture satellites at scale
> you’ll never build the biggest constellation ever
> you’ll never make satellite internet work
> you’ll never make satellite internet fast
> you’ll never make satellite internet affordable
> you’ll never serve rural customers
> you’ll never serve aircraft and ships
> you’ll never build a methane rocket engine
> you’ll never make full-flow staged combustion work
> you’ll never build the most powerful rocket ever
> you’ll never build a rocket bigger than Saturn V
> you’ll never build it out of stainless steel
> you’ll never launch Starship
> you’ll never separate Super Heavy and Starship
> you’ll never relight Raptor in space
> you’ll never bring Super Heavy back
> you’ll never catch a booster with Mechazilla tower arms
> you’ll never launch 85% of mass to orbit worldwide
> you’ll never change the economics of space
> you’ll never force the entire industry to copy you
> you’ll never win
> you’ll never IPO

Congratulations to @elonmusk and the SpaceX team. You did what countless people said was impossible, and you did it time and time again.

Today is your day. You deserve this. May it be a glorious one.

[KlawWrld @kawhi_ring]

Are we calling this an injury ring for the Spurs?

Blazers injured
Wolves no Ant
Thunder no Jdub and Ajay

[NBA on ESPN @ESPNNBA]

Chuck has had enough with this Wemby narrative 😆

[Marlo Stanfield @Its_BigBro]

They’ve ran out of bad things to say about SGA so now they’re keeping stats on how many times he has fallen 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭

[Michael Martin @MichaelOnSports]

Dare I say it's not very ethical to flop like you got hit in the face when you got “weight roomed” by 6’3 190-pound Jared McCain?

[blake @Balakay278]

NBC broadcast makes sure to make Dylan Harper’s injury a big deal immediately. It took them 45 minutes to notice Jalen Williams was hurt.

[Jeff Bezos @JeffBezos]

Yes, the United States has the most progressive tax system in the world. The top 1% pay 40% of taxes, the bottom 50% pay 3% of taxes. We can make it even more progressive by zeroing out taxes on the bottom half. It’s a small amount of the total tax revenue but very meaningful to people in this group.

[SM Highlights @SMHighlights1]

Victor Wembanyama grabbing, holding, and abusing Chet under the rim.

[Carson Cunningham @Carson_OKC]

Anyone watching this thinking OKC gets a friendly whistle?! Good lord.

[sphinx @protosphinx]

The IPO system is broken. You don’t go public to raise growth capital anymore. You do it to dump equity on retail.

NVIDIA went public at ~$600mn in 1999. Microsoft at 780mn. Oracle at ~270mn. Intel at 58mn!

Today you won’t IPO even at $60 billion.

At a $600 million valuation if you hit the jackpot and become a $60 billion company in public markets that’s a 100x return.

Investing $10k as retail makes you a millionaire. This is wealth creation.

At $60 billion there’s very little chance you get to $600 billion let alone 100x from there. You will certainly lose money as retail.

Mathematically if you only allow $100 billion IPOs you’re basically capping upside at maybe 10-20x. There’s no more 100x or 1000x potential. And even 10x is extremely unlikely.

Airbnb, Uber DoorDash are maybe 10x outcomes at best for retail investors. These are supposed be success stories of last decade.

Apple Microsoft Tesla Google were all 100x opportunities for retail.

So you’ve basically cut the average middle class investor out of the upside while private markets and insiders keep most of it for themselves.

[Karl-Anthony Towns @KarlTowns]

I aIN’t nO BiTcH

RaiSeD ARoUnD LiOnS

🧢🧢🧢🧢🧢🧢
🤡🤡🤡🤡🤡🤡

#BitchTalk

[Secretary Sean Duffy @SecDuffy]

Nice job, Pete.

[Elizabeth Warren @SenWarren]

I've warned for months that a @JetBlue-@SpiritAirlines merger would have led to fewer flights and higher fares.

@JusticeATR and @USDOT were right to stand up for consumers and fight against runaway airline consolidation.

This is a Biden win for flyers! https://t.co/lJFGS3ucv3

[amar 💍🥷✌️ @okcamars]

A Chrysler 300 looks like a Phantom until a Phantom shows up

[NumberGuyCPA @NumberGuy97]

@kkrummenacher @aakashgupta Awesome breakdown Karl, really great work. Thanks.

[Neuralink @neuralink]

ALS has gradually taken away Kenneth’s ability to speak. Through Neuralink’s VOICE clinical trial, he’s exploring how a brain-computer interface designed to translate thought to speech could help restore autonomy in his daily life.

Watch to learn more:

[The Field of 68 @TheFieldOf68]

Sean Miller on Darius Acuff:

"In my time of 34 years, I've never seen a point guard better... He's a generational player. This No. 1 pick thing, I don't know why people aren't talking about him more. I can't imagine anybody better" 👀

(🎥: @PigTrailNation)