Eric Boduch

Founder of 24 and Up. CEO of Revcast. Past and always founder of @pendoio. Host of the #ProductLove podcast.

[Eric Boduch @eboduch]

I have exciting news to announce --> I recently left Pendo, which I co-founded 8 years ago, to create 24 and Up, a startup venture studio focused on co-creating companies with talented entrepreneurs. More to come! https://t.co/8YJPJDOUXn

#startups #Entrepreneurship

[Eric Boduch @eboduch]

Productcamp pittsburgh with @danolsen

[Paul Graham @paulg]

Prediction: In the AI age, taste will become even more important. When anyone can make anything, the big differentiator is what you choose to make.

https://t.co/3GQUlfH58t

[Dane Knecht 🦭 @dok2001]

Everything we're doing to make codebases "agent-ready" (better docs, less dead code, smaller surfaces) engineers always needed too. Agents just have zero tolerance for the entropy humans learned to work around. They can't "just know" a file is outdated or a code path is dead. They take your codebase at face value, which means it finally has to be worth taking at face value.

[Eric Boduch @eboduch]

@NHL @FlaPanthers @NHL_On_TNT @SportsonMax @Sportsnet The @wwe is more real than you are @NHL

[Eric Boduch @eboduch]

The @wwe is more real than the @nhl. @NHLBruins #NHL

[Eric Boduch @eboduch]

No #NBA or #NFL fans can complain about referees after watching the #NHL. #Boston #Florida

[Eric Boduch @eboduch]

https://t.co/fgtmAg3bBo

Making a case for Ohio State whose only loss was to Michigan #OSU #Michigan #NCAAF #CFB

[Eric Boduch @eboduch]

Emergent behaviors or not? #LLM #AI #openai https://t.co/yxZ9fH4Y0q

[Eric Boduch @eboduch]

I always thought he was a the right man for the CEO job at #msft and man, @satyanadella is the man. https://t.co/1HGEpVaRYZ

[Eric Boduch @eboduch]

It will be amazing to see how quickly we will be able to create software a year from now.
#AI #chatgpt

[Mckay Wrigley @mckaywrigley]

I gave ChatGPT a screenshot of a SaaS dashboard and it wrote the code for it.

This is the future.

[Eric Boduch @eboduch]

We’re excited to announce the first release of the Revcast product for general availability. The Revcast solution helps revenue leaders build and deliver on the right capacity plan for their organization.

https://t.co/g7kFlC9CvF

#revops #revenue #startups

[Eric Boduch @eboduch]

On stage now at @saastr , @jasonlk sounds pretty bullish on #saas now. Sees the app and people layoffs as done

[Eric Boduch @eboduch]

Cube ComplYant Spekit on stage with @bqueener at #saastr #saastr2023

[Lorimer Ventures @LorimerVentures]

We're proud to back @eboduch and the @getrevcast team alongside @CRV as they build products to bring agility to the revenue planning cycle.

https://t.co/bfPnhUyY3Y

[Eric Boduch @eboduch]

@DylSell @HubSpot Cool, thanks, sent you a DM

[Eric Boduch @eboduch]

Does @hubspot still have a partner program?

[Eric Boduch @eboduch]

@DylSell @HubSpot I reached out a few times via website over the last 30 days, crickets. Know anyone who works there I can contact directly?

[Eric Boduch @eboduch]

I missed this earlier but wanted to post.

[Bill Ackman @BillAckman]

The gov’t has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowing @SVB_Financial to fail without protecting all depositors, the world has woken up to what an uninsured deposit is — an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or @BankofAmerica acquiring SVB before the open on Monday, a prospect I believe to be unlikely, or the gov’t guaranteeing all of SVB’s deposits, the giant sucking sound you will hear will be the withdrawal of substantially all uninsured deposits from all but the ‘systemically important banks’ (SIBs). These funds will be transferred to the SIBs, US Treasury (UST) money market funds and short-term UST. There is already pressure to transfer cash to short-term UST and UST money market accounts due to the substantially higher yields available on risk-free UST vs. bank deposits. These withdrawals will drain liquidity from community, regional and other banks and begin the destruction of these important institutions. The increased demand for short-term UST will drive short rates lower complicating the @federalreserve’s efforts to raise rates to slow the economy. Already thousands of the fastest growing, most innovative venture-backed companies in the U.S. will begin to fail to make payroll next week. Had the gov’t stepped in on Friday to guarantee SVB’s deposits (in exchange for penny warrants which would have wiped out the substantial majority of its equity value) this could have been avoided and SVB’s 40-year franchise value could have been preserved and transferred to a new owner in exchange for an equity injection. We would have been open to participating. This approach would have minimized the risk of any gov’t losses, and created the potential for substantial profits from the rescue. Instead, I think it is now unlikely any buyer will emerge to acquire the failed bank. The gov’t’s approach has guaranteed that more risk will be concentrated in the SIBs at the expense of other banks, which itself creates more systemic risk. For those who make the case that depositors be damned as it would create moral hazard to save them, consider the feasibility of a world where each depositor must do their own credit assessment of the bank they choose to bank with. I am a pretty sophisticated financial analyst and I find most banks to be a black box despite the 1,000s of pages of @SECGov filings available on each bank. SVB’s senior management made a basic mistake. They invested short-term deposits in longer-term, fixed-rate assets. Thereafter short-term rates went up and a bank run ensued. Senior management screwed up and they should lose their jobs. The @FDICgov and OCC also screwed up. It is their job to monitor our banking system for risk and SVB should have been high on their watch list with more than $200B of assets and $170B of deposits from business borrowers in effectively the same industry. The FDIC’s and OCC’s failure to do their jobs should not be allowed to cause the destruction of 1,000s of our nation’s highest potential and highest growth businesses (and the resulting losses of 10s of 1,000s of jobs for some of our most talented younger generation) while also permanently impairing our community and regional banks’ access to low-cost deposits. This administration is particularly opposed to concentrations of power. Ironically, its approach to SVB’s failure guarantees duopolistic banking risk concentration in a handful of SIBs. My back-of-the envelope review of SVB’s balance sheet suggests that even in a liquidation, depositors should eventually get back about 98% of their deposits, but eventually is too long when you have payroll to meet next week. So even without assigning any franchise value to SVB, the cost of a gov’t guarantee of SVB deposits would be minimal. On the other hand, the unintended consequences of the gov’t’s failure to guarantee SVB deposits are vast and profound and need to be considered and addressed before Monday. Otherwise, watch out below.

[Eric Boduch @eboduch]

#encinoman alumni sweep! #Oscars