John MacDonald 🇺🇦

ex-founder, ex-family doc, current family man. also product in ar. opinions my own.

[John MacDonald 🇺🇦 @johnehmac]

@marting @sama ChatGPT?

[Ryan McCaffrey @DMC_Ryan]

Proof that when a publisher and developer BOTH commit to doing a kickass, large-scope VR game, it can be incredible. Here's IGN's 10/10 review of Asgard's Wrath 2: https://t.co/gLZHyF5bWf

[Rahul Prasad @Rahul42182]

The best meme of the past 48 hours

[Marques Brownlee @MKBHD]

I mean who HASN'T wanted to play a text-based AI adventure game... with Snoop DAWG?! 😅

[John MacDonald 🇺🇦 @johnehmac]

@Jordan8bernard @GuyDealership @RohunJauhar @JerimiahLee Pick your Jura, any Jura. Happy A1 owner (don’t need milk drinks at home)

[John MacDonald 🇺🇦 @johnehmac]

Call them? Forget about it…

[John MacDonald 🇺🇦 @johnehmac]

.⁦@FTC⁩ worried about dark patterns? How about ⁦@united⁩ closing a chat where you have been waiting for 3+ hours for an agent if you don’t respond within 15 min that your are STILL waiting. All to make sure your family can sit together on the flight.

[John MacDonald 🇺🇦 @johnehmac]

AI for copy paste / paste with formatting.

[tobi lutke @tobi]

OH: The GPU shortage is basically irl version of „you must construct additional pylons“

[StripMallGuy @realEstateTrent]

90% of execution is the art of following up without being too annoying

[John MacDonald 🇺🇦 @johnehmac]

ChatGPT app is awesome, but my iPhone is also now on fire

[NBA @NBA]

“There’s no failure in sports. There’s good days, bad days, some days you are able to be successful, some days you are not, some days it is your turn, some days it’s not. That’s what sports is about. You don’t always win.”

Giannis comments on “failure”

[Kyle Vogt @kvogt]

Well folks, we did it. I have been waiting for this day for almost 10 years.

I am proud to announce @Cruise is now running 24/7 across all of San Francisco!

This is a pivotal moment for our business.

Let me tell you why 👇(1/6)

[John MacDonald 🇺🇦 @johnehmac]

Hatch Rest’s touch ring has to be one of the most infuriating physical UX’s. Parents iykyk. @hatchforsleep please, just have a giant button and make it responsive so there isn’t a 3 second lag before it turns on (or off).

[John MacDonald 🇺🇦 @johnehmac]

Great news!! Well done. Still going be a tough year for small and mid size banks. This week will reveal a lot. https://t.co/3GDuDJtQPY

[Bharat Vasan 🇺🇸 @bharatvasan]

For founders out there doing hardware/physical products, SVB was a crucial credit line + you *had* to keep your bank account with them.

The situation sucks. My DMs are open if I can be of help.

[John MacDonald 🇺🇦 @johnehmac]

Great summary

[samir kaji @Samirkaji]

Crazy day. After 22 years between SVB and FRB, I'm still at shock. My wife also works at SVB right now.

The news today was huge, and here is what I've pieced together across 100's of conversations yesterday/today.

🧵

[Lake Cornelia Research Management @CorneliaLake]

$SIVB $SIVBP $KRE $FRC $SBNY

Feds seized $SIVB. The stock, preferred and bonds will be zero'd. Normally, a seizure is announced concurrent to a sale of the deposits and some assets. Given how fast moving this is, they seized first. We expect a sale of the deposits and some assets by Monday morning and account holders to be unaffected.

With $FRC and other front line banks down significantly, we think the feds rationalize a way to finance through the ~$20 billion potential hole between the liquid value of the balance sheet and the $172 billion of deposits. The risk of not making deposits whole, and not having a smooth transition, is simply too great...it will cause a run on the next bank. All the feds need to see is that $FRC opened down 50% and is currently down 20% to know the stakes. We think they do the right thing. If there is not a resolution by Monday morning for depositors, we would expect the fire to rapidly accelerate (which is why there will be a solution...this is one of the biggest bank failures in history).

We would also expect multiple banks to announce white knight equity raises Monday morning to further quell this emerging crisis. There can be no half measures. Banks will forcefully assert their strength and that means dilution to existing holders.

Fed is raising rates 0 or 25. 50 is off the table. We might be two 0s in a row until this clears. Credit is going to contract a lot until banks know they are stable.

This is an awful tragedy. Failures all around.

Here was the Wamu announcement for reference:

[John MacDonald 🇺🇦 @johnehmac]

All the VCs who fanned the flames of SVB panic to drive people to their portfolio fintech / neobanks are gonna find out next week what the word “contagion” means. If everyone decides SVB isn’t safe, neither are these neobanks.

[Sam Seely @samseely]

The Minnesota department of transportation ran a snowplow naming contest and the results are v good