Bill Ackman is right.
- $META at 18x forward earnings
- $UBER at 16x forward earnings
Two of the strongest companies in the world, trading at no brainer levels.
Yet, people prefer owning unprofitable stocks at 100x sales because they are related to AI.
Never ends well.
Our rejection email went viral on Reddit yesterday.
People are shocked a company would tell a candidate exactly why they got rejected.
We're shocked that's shocking.
We asked for 3 sentences about a hard bug.
We got four paragraphs about "holistic approaches to software craftsmanship."
The take-home used temp1, temp2, temp3 as variable names.
Our company name was misspelled twice in the paragraph about attention to detail.
We told them all of that. Directly.
And we told them the door is open if they come back with work that shows they wrote it and read it before sending.
We review code the same way.
Direct. Specific. No hand-waving.
That's just how we build.
anthropic splitting claude code billing on june 15 is peak comedy. devs ran $35k of headless loops on a $200 plan, so now they are writing PTY wrappers to fake live keystrokes. the final boss of agentic engineering is scripting a fake human to dodge a token tax.
Here is my story about Vinod Khosla. In May 2017, I was six weeks from running out of cash. I had over extended myself funding a software project inside of Startup Grind that later became Bevy. One night at midnight on the couch I said to my wife, "I'm about to run out of money and we're going to lose everything," She said, "You'll figure it out." I stayed up all night sending emails and praying.
I had interviewed Vinod a few times at SG and barely knew him but I emailed him at 1:39am. He emailed me back at 7:34am asking for my number. He ended up calling me later that day in a ride to a meeting. His advice and encouragement helped propel me to raising $1M in 6 weeks and saved the company. I will never forget his willingness to answer an immediate call from a near stranger in my most desperate professional moment.
Tell me your IPO is broken without telling me your IPO is broken.
Your own investor who holds 6% of your stock enters a 6-month deal with ambiguous terms announced 6 days before IPO and you publish a one-pager on it.
@aaditsh Or Google owns 5% of SpaceX and to pump the valuation, they signed the contract with SpaceX. So increased valuation will benefit them as well.
Wait. Google is paying SpaceX $920 million per month for GPUs?
Google. The company that builds its own TPUs. That runs one of the largest cloud infrastructures on earth. Is renting 110,000 Nvidia GPUs from a rocket company.
I'm honestly not sure what to make of this. Either Google's AI compute needs have gotten so massive that even they can't build fast enough. Or SpaceX has built something in AI infrastructure that nobody was paying attention to. Or both.
$920M a month. $30B over the contract.
Whatever is happening behind the scenes at these companies is moving way faster than what we see publicly.
I have a feeling that the lack of moat within delivery gig workers growing older are going to cause a huge problem either because of autonomous drones or purely because there's someone else ready to take the job for less.
These jobs were supposed to be temp.