Farzam

Founder & Angel Investor | @Harvard @MIT

[alz @alz_zyd_]

it's been a few years now and nobody has vibecoded anything worth anything

this shows that code has never been the bottleneck for building anything worth building

[Farzam @FarzamKarimi]

It’s insane to think that you used to have to pay $10/month for a ringtone

[Farzam @FarzamKarimi]

They do work, hyperliquid is just in a better industry, financial markets versus gambling. Hyperliquid’s upside is much higher.

[Ansem 🐂🀄️ @blknoiz06]

i have a thesis that buybacks don't actually work

hyperliquid makes $800M annualized revenue
pump fun makes $440M annualized revenue

$HYPE trades at $65B FDV while $PUMP trades at $1.4B FDV

both teams do regularly recurring buybacks with portions of their profits from the business but they trade at vastly different ratios to their revenues

i believe the difference is not in how much actual revenue is generated by the business but instead its reflective of the trust premium ascribed to the team determined by their actions and decisions in the market, hyperliquid never overpromised anything, only focused on shipping product and emphatically rewarded their core users based on pre-determined metrics that contributed the most to the platform, the core users of hyperliquid have a very high trust rating with Jeff, & even if you believe the perps revenues are slightly more durable which maybe they are, i believe this trust premium on their execution and social alignment with the community is a major factor in why the token trades so well

in contrast, pump fun made $1B in revenue, raised another $1B in their ICO, and promised an airdrop to users that was never delivered, even though they are one of the most successful and consistent businesses in crypto, they do not have social alignment with their core userbase and therefore do not have a comparable trust premium that hyperliquid has, recently it seems they've made concerted effort to improve comms and talk to community more, i believe that if they were ever to seriously focus attention on shifting this dynamic by actually doing the airdrop they've promised and responding to the concerns of their core user base, then the token would trade 10-15x higher, as it would also likely materially increase their volume, attention, and resulting revenues on their platform

bitcoin makes $0 in revenue but has a ~$1.3T market cap, it has the greatest trust premium of any asset to ever exist, people know that there will only ever be 21M coins, and they know that the network will always continue to function no matter what to fulfill its necessary actions

this is part of what ive been talking about when i say that there is intangible value that contributes to the valuation of a business in addition to the tangible value that is determined purely from revenues and other metrics

trust, memetics, and attention are all very important and heavily underdiscussed in markets

[Farzam @FarzamKarimi]

This has to be the hottest summer ever

[Farzam @FarzamKarimi]

Speed is the most overlooked security feature in a car. If you can’t out speed someone chasing you then it doesn’t matter how many airbags you have.

[Hossein Mohebbi @Hossein_Mohebbi]

I’m presenting my latest work, Counterfactual Residual Data Augmentation for Regression (CRDA), at #ICML2026 this week 📣

It’s a simple but highly effective technique that enhances regressor performance when dealing with small, noisy tabular datasets - no extra data required. 🧵

🌐 https://t.co/MfR91ZGyZZ
📄 https://t.co/rMXJ9SVozw

[Farzam @FarzamKarimi]

It’s so depressing that you can’t dual boot Mac OS and Windows anymore, best thing ever, genuinely a tragedy.

[Farzam @FarzamKarimi]

To be completely honest it does somewhat feel like Summer ‘16

[Farzam @FarzamKarimi]

@ASH_Harajuku @longiy @hassankhan You didn’t read what they said at all lmao

[Farzam @FarzamKarimi]

Everyone loses their aura the second time you meet them

[Farzam @FarzamKarimi]

The arena is basically half Knicks fans and half Spurs fans

[Farzam @FarzamKarimi]

Shouldn't even be compared, Backrooms was awful compared to Obsession

[Joseph Kahn @JosephKahn]

Obsession and Backrooms are not the same situation. Obsession was made off the grid and that director had to completely fend for himself on peanuts. Backrooms was well funded and supervised by a studio with seasoned pros. I like both, but only Obsession is true the "low budget" of the two. $10 million on Backrooms is actually a big budget for the "small horror movie" space.

[Farzam @FarzamKarimi]

The correct thing to apply AI to if you’re uber is self driving cars, what other gains are they looking for

[Business Insider @BusinessInsider]

Uber COO Andrew Macdonald said he's not seeing proportional productivity gains from increasing AI costs. https://t.co/1VDp9cAqTw

[Farzam @FarzamKarimi]

@not_ellington @PaneerCap Do you have any shorter resources, the video’s 6 minutes long

[Farzam @FarzamKarimi]

Send me a dm if you’re a founder in Toronto

[Nelson Lee @NelsonXLee]

Had a chat w a GP at a top tier VC firm. He was VERY interested in Toronto and the companies opening offices in downtown Toronto.

[Farzam @FarzamKarimi]

Send me a dm if you're a founder in Toronto, organizing something cool

[brendan @bpjzy]

Used to be up next but we up now 🇨🇦

@superwhisper
@cohere
@1Password
@ada_cx
@obsdmd
@Wealthsimple
@falcon_ide
@Shopify
@Waabi_ai
@turbopuffer
@trynationgraph
@XanaduAI
@partnerstack
@tenstorrent
@LightspeedHQ
@hootsuite
@hopper

[Farzam @FarzamKarimi]

Everyone has that title, no matter what their seniority is

[Asmit @coolcoder56]

CTO of workday and Box are now just a regular engineer at Anthropic.

[Farzam @FarzamKarimi]

What else is there to invest in aside from things at least tangentially related to AI, where else is money going to flow?

[Farzam @FarzamKarimi]

AI will save us

[Farzam @FarzamKarimi]

I don’t get why people are mad at his response, he just answered his question. Being a top doctor, lawyer, or engineer has always paid well, this is nothing new.

[AeroNiners 🇺🇸 @BowTiedNiners]

“Just get into Jane Street or become a top 1% lawyer bro”

Terminally online people have no concept of the real world