Ankith Bharadwaj

Investing. prev. @HOFCapital (Early/Growth Stage) @TryBiteSight. all views are my own.

[Ankith Bharadwaj @ankithb_]

@chesterzelaya This what real supply chain maturity looks like - they're able to move like a Git repo IRL. Imagine if every time you shipped a feature you had to wait four months for some H-1B dude to post you his code printout 😂

[Ankith Bharadwaj @ankithb_]

@owenbotkin "I like some of the Gaga songs, what does she know about cameras?"

[Isaiah Taylor - making nuclear reactors @isaiah_p_taylor]

Good morning.

Last night at 8:51pm Mountain Time, the Valar Atomics Nuclear Operations team brought Ward 250 to 10kW thermal output. We held this power level throughout the night.

This is another historic milestone from the Valar team, marking first nuclear power by a startup.

[Ankith Bharadwaj @ankithb_]

@richzou Congrats Rich!

[HOF Capital @HOFCapital]

@RadixArk launches today with $100M in seed funding to make frontier-grade AI infrastructure open and accessible to everyone, and we’re proud to be early investors. Built by the team behind SGLang, the open-source inference engine serving trillions of tokens daily, we’re honored to be on this journey with @ying11231, @BanghuaZ and the RadixArk team.

More on why we invested below.

[HOF Capital @HOFCapital]

Today, we're proud to announce that HOF Capital is leading a consortium to acquire Porsche's stakes in both Bugatti Rimac and Rimac Group. Upon completion, Rimac Group will assume control of Bugatti Rimac, and HOF Capital will join Rimac Group as its largest shareholder alongside Mate Rimac.

We first invested in Rimac in 2022, drawn to what Mate had built from a garage in Croatia into one of the most technically ambitious companies in the automotive industry: home to record-setting hypercars, a Tier-1 supplier of batteries trusted by leading global automakers, and, since 2021, the iconic Bugatti brand. Our conviction in Mate and his team has only deepened since.

We're honored to partner with him on the next chapter, one we believe will further cement Bugatti's place as an n-of-1 company for generations to come.

https://t.co/8ltdI6FJeT

[Ankith Bharadwaj @ankithb_]

@DoughBree @signulll Can I invest in you guys?

[Ankith Bharadwaj @ankithb_]

Make it more agentic. Also you guys better have the best cybersecurity infra in the world if you are getting access to my banking apps. @signulll

[signüll @signulll]

excited to share what we have been up to.

your iphone’s home screen hasn’t changed in ~20 years. it’s the same static grid of icons since launch with zero awareness of your actual life.

@skye is a new agentic home screen for iphone.

no telegram. no mac mini. & no claws required. skye is ambient intelligence that just works.

it continuously listens to your context & acts on it. it builds your reading lists, gives you personalized weather, drafts email replies, prepares you for meetings & trips, flags suspicious charges, works through your reminders, tracks your health, & gives you one tap intel on wherever you are (restaurants, museums, neighborhoods, etc).

all surfaced on your home screen.

over the next few posts i’ll break down how it works, why we built it, & why we think it deserves to exist in the world.

beta starts today. if you’re on the list, you’ll get access very soon. app store shortly after. deeply appreciate you all following along on this fun little journey. also please join our discord !

[Ankith Bharadwaj @ankithb_]

@DoughBree @signulll make the cloud customizable? I want a face I can trust telling me my credit cards are stolen and I am in generational debt.

[Ankith Bharadwaj @ankithb_]

Bro what a day everyone woke up and said "let me drop some company changing stuff today"

[Lovable @Lovable]

Introducing Lovable Payments.

Describe what you want to sell. Test it securely. One conversation to go live.

[Ankith Bharadwaj @ankithb_]

Kalshi perpetual futures?

What does this look like from a regulation standpoint?

My take: Fake Perps.

Perps are horrible from a regulation standpoint, hence why most of them are off shore. But what if they're signaling that markets don't need to resolve to exist, and the asset was “what is the probability of x right now”. Perps are always anchored to a continuously observable underlying asset and its reference price like btc and btc perps, but they price something that exists right now. But on a probability market, you're trading the probability/credibility of a future statement/event. So instead of will a recession happen by 2027, you frame it as will it happen between 2026-2027 and you can shift that time horizon so it becomes a rolling market.

I think they will also play the this "isn't actually perps" game the same way they are doing it w sports gambling and are using the recent favorable ruling and trying to push the envelope as far as they can. Since Kalshi is already approved as a CFTC-regulated exchange for event contracts, so long as these “timeless” markets retain a resolvable condition and clear settlement rules, they can still fit within the existing event contract framework, even if they trade continuously, where its a fake perp.

[Ankith Bharadwaj @ankithb_]

@allenyao I think I know a few ppl at this firm called HOF?

[Ankith Bharadwaj @ankithb_]

@pmarca Are you sure this isn't your joke

[Ankith Bharadwaj @ankithb_]

@forumdotmarket @CMEGroup $5 bucks and a bag of chips!

[Forum @forumdotmarket]

We're excited to announce that Forum has officially acquired @CMEGroup in an all-cash transaction.

This marks a defining moment in our mission to make attention tradable.

For the first time, both traditional futures markets and attention markets will operate as one.

Onward.

[Ankith Bharadwaj @ankithb_]

Kalshi, if used correctly, could serve as the simplest way for retail traders to hedge against economic downturn (i.e. current state of tech stocks bleeding). Sadly, people are stupid and only use it to sports bet.

[Aakash Gupta @aakashgupta]

20-somethings are mass-depositing into Kalshi and FanDuel while tech stocks just hit their cheapest relative valuation in 7 years. One has 98 years of compounding data behind it. The other has a 5-15% house edge designed to drain your account.

The numbers on this chart are wild. Tech's forward P/E premium over the S&P 500 just dropped to 1.07x. In 2023 it peaked at 1.55x. That's a 30% compression in relative valuation while these companies actually grew earnings. The market is pricing the highest-margin sector in history like it's utilities.

Meanwhile 30 million Americans under 35 have a sports betting account. Exposed handle sizes averaging $150/week. Annual expected loss at a 10% house edge: roughly $780/year. Over a decade that's $7,800 in guaranteed losses, and that's before you count the deposits that chase the losses.

Take that same $150/week into a tech index at today's compressed valuation. At the sector's 20-year average annual return of ~15%, that's $180,000 in ten years. $1.2 million in twenty. The gap between those two outcomes is the difference between retiring at 45 and refreshing your FanDuel balance at 45.

Tech companies are running 25-35% net margins, sitting on $500B+ in combined cash, and building the infrastructure layer for AI. You're getting VC-tier exposure to the companies that will own the next decade, at a public market entry point that hasn't been this cheap since before COVID.

This is the buying opportunity that people look back on in 2035 and say "it was so obvious." It is obvious. The chart is right there.

[Ankith Bharadwaj @ankithb_]

https://t.co/d1Q9VKw92l

This is what happens when you ship hardware like software —> software like margins. America will never see dominance in humanoids until we get our shit together!

[Rui Ma @ruima]

Incredible, lol, robot maker Unitree just filed for IPO and not only do they make money, their adjusted net margin is 35%, putting it on par with software companies. Humanoid fever is only going to increase from here I think :) At @TechBuzzChina we have some new special projects in this area we are announcing soon!

Some stats:

- Unitree’s STAR Market (Shanghai) IPO has been accepted, with a planned raise of RMB 4.2 billion (US$611 million) and an implied initial post-money valuation of at least RMB 42 billion (US$6.1 billion)

- 2025 revenue reached RMB 1.71 billion (US$248 million), - up 335% YoY, while adjusted net profit exceeded RMB 600 million (US$87 million), up 674% YoY.

- In the first 9 months of 25, humanoid robot revenue reached RMB 595 million (US$86 million), surpassing quadruped robot revenue of RMB 488 million (US$71 million) for the first time.

- Unitree shipped over 5,500 units last year, occupying 32.4% of the global humanoid market

- Of the IPO proceeds, the biggest chunk, RMB 2.02 billion (US$294 million), will go toward robot model R&D, followed by RMB 1.11 billion (US$161 million) for robot body R&D. Another RMB 445 million (US$65 million) is earmarked for new product development and RMB 624 million (US$91 million) for a manufacturing base.

[Ankith Bharadwaj @ankithb_]

@GreylockVC doubling down on Cybersecurity!

https://t.co/VVHWxt5RIU

https://t.co/Md3gwrkEJ3

[Ankith Bharadwaj @ankithb_]

@richzou I enjoyed this read through thoroughly

[Ankith Bharadwaj @ankithb_]

@owenbotkin Yayyyyy

[Owen Botkin @owenbotkin]

@ankithb_ https://t.co/qrtcvZA76L