Akash

[Akash @acashcrunch]

@taobanker look into kellogg, columbia or wharton if you’re optimizing for a good time

[Akash @acashcrunch]

@taobanker idk how a long NVDA short SOXX (lower NVDA exposure i think?) trade doesn’t do reasonably well over the next 3-9 months

[Akash @acashcrunch]

@taobanker yessir! i think managements top tier - listen to the last couple earnings calls, they “get it” more than most SaaS operators

[Akash @acashcrunch]

@taobanker ya fair, everyone forgets about sbc when you accel rev by 50 basis points more than guidance

[Akash @acashcrunch]

@taobanker CRM for SMBs trading at roughly 10x fwd FCF - might be similar to ADBE tbh

[Hunter SPX Thompson ❎ @CoorsLightCEO]

HubSpot essentially being punished for proactively doing the biz model shift that everyone is going to have to do over the next year

[Akash @acashcrunch]

@gregisenberg that’s $snap if evan locks in

[Akash @acashcrunch]

@taobanker calling snap software is insulting to both SaaS and internet companies

[Akash @acashcrunch]

@P_Remarks the snowflake CRO was onto something; would’ve been better if it was on the official tiktok

[Akash @acashcrunch]

@taobanker most bullish thing i’ve read as a software investor

[Akash @acashcrunch]

@Crussian17 @P_Remarks only silver lining is (if) one day people go back long sw, the move up will be explosive - some otm calls probably mispriced but ive said that for months now and lost $$ on it

[Akash @acashcrunch]

@P_Remarks feels like the only way to get a software rally is to hope for pods to be forced to degross due to weakness in semi’s. not a fun thesis to long in this economy

[Akash @acashcrunch]

@Investor_NICK_ @LogicalThesis i agree with you completely, but it’s funny that $hood got added to the S&P500 at roughly ~$140/share so everyone with their 401ks technically did buy $hood at ATHs lol

[Akash @acashcrunch]

@P_Remarks i love software

[Akash @acashcrunch]

@P_Remarks as a professional bag holder of shit stocks (half my portfolio is $gtlb, $snap, $team) it’s nice seeing a ceo give a shit publicly for a change … spiegel just sold 1M shares today

[Akash @acashcrunch]

@WisemanCap far to the left, off this screen is $gtlb

[Akash @acashcrunch]

@taobanker nothing “truly” changes due to the voting structure however $snap pretty desperately needs more institutional ownership and a long-ish term investor with good ideas is only a good signal. also with the stock at ~1xEV/Rev multiple, you don’t need to fix a ton of things for a pop

[Ben Springwater @benspringwater]

I love @benthompson. He is my favorite tech commentator. I listen to @stratechery every day. But his justification for the US Govt seeking to destroy Anthropic is incredibly glib and misguided.

AI :: nuclear weapons is sometimes a useful analogy but it's obviously an imperfect one and there are many disanalogies.

The notion that Anthropic is developing a power center to rival the US military – which also poses a threat to our country/the world that the US military must neutralize – is wildly out of touch with what's happening, like a 10,000 foot narrative that loses contact with reality at 1,000 feet.

It may be clever from a storytelling perspective to draw a connection between Dario's former statements about AI being like nuclear weapons and the current situation, but it's bad analysis.

Also, Anthropic is bound by and follows all laws and regulations. In no way has it not "accepted a subservient position" wrt to the US Govt. It is a private company declining (reluctantly!) to enter into a contract with the govt. That is its right.

To state the obvious, I'm super disappointed – not because I have some sort of Anthropic bias or political affinity – but because I think the case for invoking supply chain risk against Anthropic is SO OBVIOUSLY wrong and bad.

I'm not cancelling Stratechery or anything dramatic, but I hope Ben reconsiders his position.

(One of my favorite things about Stratechery is how he changes his mind. Maybe he will not actually change his mind on this – that's fine, that's his prerogative – but I hope he at least gives it deeper thought.)