Jared Jensen

Former corporate lawyer via Harvard Law; worked with most of the big PE, VC and tech firms you’ve heard of; now an independent investor/trader

[Jared L Kubin @JaredKubin]

Too much clickbait … let’s ground some nuance here

1/ Start with the NSA part, because it’s backwards from what people think. The agency isn’t the target. It’s the buyer. Anthropic engineers reportedly embedded on site to run it

2/ The govts most sensitive networks are "air-gapped"…meaning they are physically disconnected from the public internet…. You can't just "hack" them from a laptop in your basement. An AI can’t magically jump across accounts

3/my best guess is it didn't crack AES256 encryption (math doesn't work that way). Instead…it likely acted with relentless proactivity…finding unpatched legacy bugs, misconfigurations, and weak internal credentials, instantly chaining them together to map the entire network

4/i think this exposes a lot of the legacy coding holes … it did in some of my apps and I’m not the NSA

[Jared Jensen @jared_jensen75]

It has been 23 years since I was a new associate in NYC, but this still rings true. The potted plant line will make anyone who has ever been in big law laugh.

[biglawbro @biglawbro]

Jr Associate Elegy

[Jared Jensen @jared_jensen75]

You reap what you sow.

[nic carter @nic_carter]

I can’t believe Anthropic comparing their product to nuclear weapons 800 times backfired on them. I am shocked

[Jared Jensen @jared_jensen75]

@SMB_Attorney Or (4) you enjoy spending tens of thousands of dollars for a lottery ticket with long odds against you.

[SMB Attorney @SMB_Attorney]

Antonio Gracias lent Elon Musk $1 million in ‘08 to save SpaceX from bankruptcy for 7.2% of the company.

It’s now worth $90 billion, making it the single greatest investment in the history of the world.

People over focus on Musk and forget the wealth he’s created for others.

[Jared Jensen @jared_jensen75]

@SteelToeScribe @loganbrown799 Correct. When lateraled to K&E 20 years ago, it was ranked like tenth in AmLaw. I think most of my Davis Polk colleagues considered it a downgrade! Firms will rise or fall. A bold leader like Jeff Hammes was for K&E can make a huge difference.

[SMB Attorney @SMB_Attorney]

What a world we now live in

[Jared Jensen @jared_jensen75]

@SMB_Attorney No one knows when, but eventually the tide will go out and reveal who is swimming naked.

[Jared L Kubin @JaredKubin]

*GOOG RAISING $80bn in equity... more compute, more AI spend... full send downrange

CAPEX is not the thing here (st at ~250bn next year and buy side higher)... my Spicier read -> maybe they/mgmt think equity is over valued here?... could very easily plug this with cheap debt, but no.... that is what is MOST interesting to me ... WHY equity here and now?

[Jared Jensen @jared_jensen75]

@AgustinLebron3 Tech overlords still think of themselves as the scrappy nerds fighting against the country club jocks. They think Noblesse-oblige is for the Winklevii, not the Zucks. They need to look around and realize that they won and start acting accordingly. Their bunkers won’t save them.

[Jared Jensen @jared_jensen75]

This is correct, with one clarification. Clients are not paying for unfettered manpower. Lots of firms can provide that. Clients pay double or more for the ability to say “I hired Davis Polk.” Why? It’s partially competence, yes, but also CYA insurance and luxury brand flexing.

[Jon Con Esq. @SteelToeScribe]

Let me say this for the ppl in the back —

Some clients (businesses) are NOT cost sensitive

They will pay double for unfettered manpower

Don’t project your individual rationalities on large companies facing existential issues

Not good or bad. This is how it goes

[Jared Jensen @jared_jensen75]

@johnloeber Correct. Call it phantom equity, carveout, sale bonus, or whatever, it’s still just a tax-inefficient slice of exit proceeds that has to fit in the waterfall somewhere. It’s far from a magic bullet.

[Jared Jensen @jared_jensen75]

@tropicalupdate I agree. Meteorologists in FL especially like to talk in terms of “coverage” as a percentage, and I get why since sea breeze storms are hard to predict, but it still isn’t all that helpful, especially since just a few miles makes a massive difference in terms of rain chances.

[SMB Attorney @SMB_Attorney]

I’m a lawyer. I’m the first to suggest caution and point out the risks.

But listen guys, if you’re sitting waiting for a recession, scoffing at others and thinking you’re the smarter than them, you’re a loser.

Make a plan, then let it fucking rip. We’ll be dead soon anyways.

[Jared Jensen @jared_jensen75]

@SMB_Attorney I could not agree more. That is the main thing holding me back from picking up the pen again and nothing else comes close. I never realized how much I hated most lawyers until I stopped interacting with them every day.

[Jared Jensen @jared_jensen75]

@WolfheartFPS I hope you have been dutifully killing every rabbit you see.

[Agustin Lebron @AgustinLebron3]

Malthusian thinking has been wrong for 200 years, but it's nearly unmatched as an attractor state.

Only socialism beats it for # believers/correctness ratio.

[Agustin Lebron @AgustinLebron3]

Fascinating that it doesn't seem to occur to these post-economic people to pass on their knowledge and experience. Teach, coach, mentor some bright kids, etc.

The fact it's seen as low status, when it even gets considered, says a lot about the solipsistic culture they're in.

[Jared Jensen @jared_jensen75]

@RobertMSterling @BoringBiz_ Hard disagree!