derek

head of finace @BoostVC |
built FA teams at @cartainc, @sydecario, @juniper_square

[derek @derek_b_]

@Mariners Someone hang that on a wall

[derek @derek_b_]

The ai slop collab we didn't know we wanted

[arian ghashghai @arian_ghashghai]

VC and startups are not monolithic entities so I never understood the objective of these lists. Your stage, focus and partner-founder fit determine who is the best investor for *your* company

E.g.

> if I started a new <insert weird deep thing> company, my “tier 1” would be @BoostVC
> if I was building in NatSec my tier would be In-Q-Tel
> if I was Series A-ish consumer tech my tier 1 would be @a16z

Etc.

Pick an investor that fits you, not one others rate nebulously as “tier 1”

[Adam Shuaib @adamshuaib]

https://t.co/OP4kZgAHtt

[Adam Draper ⏻ @AdamDraper]

At @BoostVC:

We exist to accelerate the Sci-Fi future.

We do this by investing $500k as a first or early partner in "Default Optimist", "Default Movement" founders.

Our core business model is to invest $500k at sub-$10m valuations.

We are highest velocity in the category of NewBio right now, but we are generalists for world changing ideas.

Thank you.

[derek @derek_b_]

@alexmayer34 @MLB Who were the other 8?

[derek @derek_b_]

@nunzi46 People will recoil at this but it's not hard to put a conservative value together with cash, rev, and comps.

If you invested at a 5 and they now have $8m cash on hand from SAFEs, there's a way to correctly mark it up.

[derek @derek_b_]

@AdamDraper 🚀✖️

[Vijay @VijayInWA]

Much of the anger and frustration over the creation of an income tax in Washington state can be explained as the breaking of a century-long social contract that many generations of Washingtonians came to trust and expect.

This social contract was so foundational that it was enshrined in our state's constitution - namely that taxation needs to be uniform and the state cannot target any group for higher rates of taxation.

This is not to say that social contracts cannot be changed, but there is a legal and proper mechanism for doing that: amend the state's constitution.

The Democrats did not choose that path because it is a very high bar to overcome (rightly so) and every time they had attempted this in the past, the people of Washington voted it down.

Instead, the Democrat legislature chose the path of double-dealing and disingenuousness. This occurred in a series of steps:

1. Pack the Supreme Court with judges who would rubber stamp unconstitutional taxes.

2. Pass an unconstitutional capital gains tax but claim that, unlike any other state or at the Federal level, such a tax is an "excise tax" rather than a tax on income, giving the Supreme Court the excuse it needed to rubber stamp this wolf in sheep's clothing.

3. The Supreme Court then upholds this tax, clearly violating the Constitution and opening the door for a full income tax.

4. Create an fully fledged income tax (with all the bureaucracy required to administer it) but cynically label it a "millionaire's tax" even though they rejected every provision to guarantee it would only apply to millionaires.

5. Call the passage of this tax a state emergency, even though it only becomes effective two years from now. What kind of "emergency" allows you to wait 2 years?
Answer: by classifying its passage an emergency, the Democrats purposefully prevented the possibility of a referendum of the people to reject the tax (as Washingtonians had done for a century). This get-what-you-want-no-matter-the-cost strategy is a deeply dishonest means of undermining the democratic process.

6. The Governor claims this tax makes life more "affordable" for Washingtonians but its passage provides almost no meaningful tax relief for the legion of other taxes that have ballooned under the Democrats (gas tax, sales tax, b&o tax etc). They did provide some sales tax relief on shampoo and hygiene products though. 🙄

So much has been lost to the whims of our politically extreme legislature in the last four years, but perhaps nothing so significant and painful as Washington's century-long social contract.

[Ari Hoffman @thehoffather]

DEVELOPING: Starbucks founder Howard Schultz announces that his family is leaving Seattle for Florida the same day Democrats passed an income tax on Washington state

Starbucks corporate is moving to Nashville

The wealth exodus is underway. Democrats have killed WA's economy

[Brayton Williams ⏻ @BraytonKey]

2026 starting strong 👀

[Brayton Williams ⏻ @BraytonKey]

And that is a wrap to the Founder Summit!

Ending talk from the legend @TimDraper.

Stories of how he was the first investor in @Tesla, @SpaceX, @RobinhoodApp, @Baidu_Inc, Bitcoin and so many more 💰

And missing @Google &amp; @netflix 😱

[derek @derek_b_]

@BenLamm @nikitabier @AdamDraper let's do it

[derek @derek_b_]

@AdamDraper @RealProducerBen watch out!

[derek @derek_b_]

@brian_armstrong Start with building an android app your current one is beyond repair.

[derek @derek_b_]

@ASchatzNFL Wait 2014 Denver beat Seattle in DVOA? Do we have to take down the back to back to back DVOA champs banner?

[derek @derek_b_]

@MikeIppolito_ I'm just glad they flipped the order, last time I saw this bot it cleaned the toilet then the sink

[Matt Loveless @MattLoveless]

The Seahawks have won another Super Bowl. And here’s where I make my case for the 2025 Seahawks as one of the top 10 Super Bowl champ of all time.

[derek @derek_b_]

@BraytonKey

[derek @derek_b_]

@ThinkingUSD They're both true, and they will converge.