Asternomic

@SpiritStAI • Hedge fund analyst turned bad

[Asternomic @byte721]

Living in fear of cringe is not living

[Poke @interaction]

Say hi to the new Poke! 🌴

Now officially approved by Apple to text on Apple Messages.

As the first and only AI agent. Chat now: https://t.co/VIWYU64dUI

[Asternomic @byte721]

@MartinShkreli Reminds me of the org chart of Toys, but honestly, the pathway map blows it out of the water

[Asternomic @byte721]

@KenWattana cywyddau

[Asternomic @byte721]

@ItzSuds This reminds me of Adam Neumann and Masa.

He found out Masa was attending a conference in India, did obsessive background research, 'bumped' into him, then gave a deeply personal pitch about shared father issues.

IC, confidants, and consultants said no, but Masa said yes.

[Asternomic @byte721]

@d33v33d0 Glad you recovered your account and got back access!

[Asternomic @byte721]

Loopt was essentially Find my Friends ++

This has always been a hard business model to monetize as a standalone app

Snapchat, Instagram, and iOS now all have this as an embedded feature within their platforms

[Big Brain Business @BigBrainBizness]

A young Sam Altman pitching Loopt, the $175M startup he sold for $43M before going on to lead YC and OpenAI:

[Asternomic @byte721]

Did you listen anon?

[Asternomic @byte721]

$RVI at $25.00, let’s go @RobinhoodApp

[Asternomic @byte721]

@daytonmills This is so great, congrats Dayton!

[Asternomic @byte721]

@thkostolansky @bridge__harris @Miles_Brundage @tszzl This is Claude though

[Asternomic @byte721]

@goodalexander @mongo_lassi Bro skipped the croissant and ascended

[Asternomic @byte721]

Amazing exit for founders. The $6.4B was an all cash transaction in Oct'21, before any AI. Mgmt sold in peak SaaS hype at an ~16x LTM rev multiple (20% growth)

Now, it's hard to prescribe any long term value in incumbent customer experience and employee satisfaction SaaS

[Asternomic @byte721]

@Willob So well deserved. One of the coolest companies I’ve seen lately. Will is also world class

[Asternomic @byte721]

@Jason I'm in

[Asternomic @byte721]

@MerriamWebster Gen Z doing way too much

[Asternomic @byte721]

@AnjneyMidha @CS153Systems @bhorowitz @SpiritStAI https://t.co/zapsknmTER

[Asternomic @byte721]

@AnjneyMidha @CS153Systems @bhorowitz You can do way better than that Anjney @SpiritStAI

[Asternomic @byte721]

@ItzSuds bro is moggin @jzlegion

[Asternomic @byte721]

@0xrwu Yes but on 4. I think it’s more of a breakup fee since it’s one or the other. Cursor is bound to win bigly either way

https://t.co/JvEZElLzdM

[Asternomic @byte721]

Another way to think about this is that the $10B is a breakup fee if SpaceX does not end up buying Cursor for $60B

The nuance here is that $10B/$60B is 17%, where the typical breakup fees are ~5% or less. This is extremely generous and huge for Cursor

[Asternomic @byte721]

@MartinShkreli @BenjaminDEKR $3B ARR at $60B is a 20x btw guys… not the most unreasonable numbers if you take it at face value and still growing

[Asternomic @byte721]

Another way to think about this is that the $10B is a breakup fee if SpaceX does not end up buying Cursor for $60B

The nuance here is that $10B/$60B is 17%, where the typical breakup fees are ~5% or less. This is extremely generous and huge for Cursor

[SpaceX @SpaceX]

SpaceXAI and @cursor_ai are now working closely together to create the world’s best coding and knowledge work AI.

The combination of Cursor’s leading product and distribution to expert software engineers with SpaceX’s million H100 equivalent Colossus training supercomputer will allow us to build the world’s most useful models.

Cursor has also given SpaceX the right to acquire Cursor later this year for $60 billion or pay $10 billion for our work together.