Jared Mermey

My tweets are insightful six days a week. Then Giants games happen on Sundays.

[Jared Mermey @jaredMermey]

@DanteReminick Good founders. A few false starts. Went through Techstars.

[Jared Mermey @jaredMermey]

I think people just forget about the on and off ramp costs.

At some point we all cash out of Venmo to use our money, that’s why they made a debit card.

Stables are the same way until we can really buy stuff with them, which perhaps is coming.

[Sheel Mohnot @pitdesi]

How can stablecoins reduce remittance fees to zero?

makes no sense to me whatsoever.

The bulk of remittances $ is migrant workers sending money to family, from US->Mexico, US->India, Gulf->India

Stablecoins can make the money-movement leg much cheaper/near-zero but that isn't the bulk of the cost!

You still need cash-out, FX, compliance/KYC, fraud controls, customer support, and distribution.

When I send money to my cousin in a village in India, there is nothing he can do with USDC. He needs to get the money out into INR and that last mile is where most of the cost lies.

Stablecoins can make remittances much cheaper but nowhere near zero.

[Jared Mermey @jaredMermey]

That was @tesloop

[Chamath Palihapitiya @chamath]

I plan to buy and deploy large fleets around the country when possible.

Should pay back and be positive FCF < 2 years…

[Jared Mermey @jaredMermey]

Edge with cloud as backup when more compute or bigger model is needed?

[Chamath Palihapitiya @chamath]

Is on-premise the new cloud?

I’m beginning to think yes.

It’s the only way for companies to not blow themselves up and have some semblance of capability in an AI world…

[Jared Mermey @jaredMermey]

UI becomes the minimal level of coherence in direction required to get AI to take the right action.

[Naval @naval]

UI is pre-AI.

[Jared Mermey @jaredMermey]

Focus is generally a time function that really good foundational models could, hypothetically, offset.

If the foundational model reaches something close to AGI, then not sure why focus matters as time to execute well shrinks.

Idk if that’s the future. It’s just a hypothesis.

[Nathan Baschez @nbaschez]

The reason nearly all VCs are betting against this is that focus and specialization matters

OpenAI launched a direct competitor to Granola months ago and no one cares

[Jared Mermey @jaredMermey]

.@gregolsen88 is forgetting about the impact of time remaining in the game on the decision to kick the field goal. Two possession game with 10 min left is vital to the decision.

[Jared Mermey @jaredMermey]

The impact on exempt BINS and then, in turn, most every FinTech startup that’s issuing cards will be dramatic.

[Sheel Mohnot @pitdesi]

Interesting settlement, your rewards card could be dying a slow death.

Right now, Visa and Mastercard require merchants to "honor all cards," even though some cards cost merchants a lot more to process. The spread can be huge - from <0.5% to 3%+ and the merchants have no control over it.

If this settlement goes through, merchants could start steering. They could refuse a Chase Sapphire Reserve at checkout, or they could accept it but add a 2% surcharge for a rewards card.

Popularity of rewards cards really depends on universal merchant acceptance, if some merchants decline to accept them or add surcharges the benefit declines massively...

So if this comes to pass, the crazy economics of high-end points cards might be over.

[Jared Mermey @jaredMermey]

I am not sure I care how long it takes if it is doing the dishes while I am sleeping.

[The Wall Street Journal @WSJ]

The loading-the-dishwasher struggle is real. Even—or especially—for the $20,000 1X Neo humanoid home robot.

🔗: https://t.co/h56VCowUP5

[Jared Mermey @jaredMermey]

Unless someone provides chargeback insurance on stablecoin rails, then not sure what does it.

[Sheel Mohnot @pitdesi]

I made a bet about credit card usage.

Today, &gt;50% of American adults use a credit card every month.

@BoredElonMusk thinks that number will be &lt;25% in 5 years, replaced by stablecoin rails.

I don't see it.

Whose side are you on?

[Jared Mermey @jaredMermey]

I think a lot about what skills will become unnecessary.

Today it is speaking a second language.

Tomorrow, why need to learn how to read if my glasses just read it to me?

[Shay Boloor @StockSavvyShay]

$AAPL just turned AirPods Pro 3 into a live translator.

This is $DUOL platform-risk moment -- like $SPOT vs Apple years ago 🤔

[Jared Mermey @jaredMermey]

The #manningcast missed the other option: Kick it short of the landing zone.

Play is immediately dead, no clock elapses, and ball doesn’t come out as far.

[Jared Mermey @jaredMermey]

We can just be happy he through the ball deep to begin with.

[Bobby Skinner @BobbySkinner_]

Jaxson Dart Deep Passing in Preseason
1/6 28 yards 1 TD
1 Drop (per PFF) {debatable}
12.8% Throw Rate

[Jared Mermey @jaredMermey]

The best thing for John Mara to do is guarantee Daboll this year and next.

Create an environment that allows the best decisions to be made on behalf of @JaxsonDart and the @Giants organization.

[Dan Orlovsky @danorlovsky7]

What the @Giants should do at QB

[Jared Mermey @jaredMermey]

If you ever needed one chart to prove why the robots are coming for our jobs.

[Boring_Business @BoringBiz_]

Still think about the equity research analyst who ordered 75 burrito bowls from 8 different Chipotle locations to prove that portion sizes were off

[Jared Mermey @jaredMermey]

The phantom holding call on Keith Hamilton on the Jessie Armstead pick six.

Ravens Super Bowl is a different game without that.

[BaddogSports @MrBaddog7676]

What’s a Giants memory that still haunts you to this day?

[Jared Mermey @jaredMermey]

Property values will go up in the exurbs and areas 1.5-2 hours from major metros.

Think Palm Springs to LA.

Commutes way easier when you can fall asleep or work while going point to point, especially when it becomes legal to do 120 mph.

[Sheel Mohnot @pitdesi]

Hypothesis: garages will be less valuable in the future, and garage-less properties that trade at steep discounts today, are a wortwhile buy.

As autonomous vehicles become widespread, ride costs will drop significantly (to ~$1/mile), and car ownership in cities will decline. For me, it's already a toss-up whether it makes sense to Uber everywhere or take a car, with AV's the economic decision will be easy.

One challenge is car seats. Are any AV companies solving for that?

In San Francisco, there's a massive pricing gap for some types of homes with and without garages... It's really hard to sell a TIC without a garage, for example. As car ownership drops, that gap should narrow.

What do you think? Poke holes please! This isn't hypothetical actually - I'm contemplating an offer on an investment property.

[Jared Mermey @jaredMermey]

How do you think about LLM reach over time?

[Trace Cohen @Trace_Cohen]

After reviewing hundreds of pre-seed and seed-stage AI startups over the past few months across the US and Israel, we just committed to another exceptional team.

Still in stealth for now, but excited to share more soon.

Vertical Ai outside the large LLMs reach is a huge moat.

[Jared Mermey @jaredMermey]

Feels obvious that foundational models are coming after the application layer

I think about heuristics about what they will and won’t come after — or at least what they’ll deprioritize.

[Product Hunt 😸 @ProductHunt]

RIP to all the AI meeting assistant startups that launched this year