Worrying that your startup will be eaten by the model companies is like worrying that your life will be constrained after you become a movie star. You're far more likely simply to fail.
@mattshumer_ Perhaps the most important piece I've read this year! Thanks for writing!!
Just curious whether you have any opinions on the limits of models limited by transformer architecture and perhaps capex and limits associated with use?
being “busy” is usually a self own. you should have ~50% of your time completely unallocated to just think + be.
the human mind needs that slack to absorb, integrate, & synthesize. i would never ponder anything meaningful if i didn’t have this.
busy ppl optimize throughput. free ppl develop perspective. one compounds, the other plateaus.
storytelling is the only way to impose meaning on abundance, coherence on noise, & legitimacy on power.
strategy, ops, & capital are all downstream. without narrative control, none it will ever stick.
this has been the core premise of my account. in a world of infinite output, story is the scarce primitive. whoever can compress chaos into something ppl can feel, remember, forgive, & rally around actually runs the system. this skill is worth more than the entire c suite combined.
Trying to get an accurate answer out of current AI is like trying to trick a habitual liar into telling the truth. It can be done if you back him into the right kind of corner. Or as we would now say, give him the right prompts.
When describing a startup it's usually better to use verbs rather than nouns. Say what you do rather than what you are. Not because it sounds more dynamic, but simply because it's clearer.
I talked to a startup today that had been forced to take so much from investors and whose expenses were so low that they could put the money in bonds and fund their operations off the interest. I told them they should.
In my experience, when you make money, nobody cares. But traders who lost money always showed up to work, came early, left late, wore a dark suit (and tie), & developed newfound humility.
Same for firms; bad inventory makes them insecure & afraid of their clients. Image counts.
In school they taught us that one of the uniquely good things about the American government is the separation of powers. When one branch of government tries to take over, the others push back. Now we find out if it actually works. Come on, judicial branch!
@chamath So why has the dollar depreciated since the tarrif announcement? Genuine question as I'm actually considering charging work in Euro's for all non-US clients? (note not currently based in US)
With DeepSeek, investors are (re)learning that those who come up with an *innovative* idea are almost never those who will make money from it.
Eg: Clive Osborne made the first laptop computer & went bust. Same with car, planes...
Next: electric cars.
1987: Djokovic & Murray are born 7 days apart
2001: Djokovic & Murray meet for the first time
2011: Djokovic & Murray meet in a Grand Slam final
2012: Murray beats Djokovic for first Grand Slam
2016: Djokovic beats Murray for Career Grand Slam
2025: Murray coaches Djokovic