kingmaker

Isaiah 41:10 - Jesus is Lord - crypto since 2015, decentralized finance enjoyer, knows very little about development, previous @crazycrowsclub, @meraki_gen_art

[kingmaker @KingmakerEth]

This biddy is looking less crazy by the day.

[kingmaker @KingmakerEth]

@MoonOverlord @grinkoneo I think you might be describing yourself?

[kingmaker @KingmakerEth]

@MoonOverlord @0xzerononce So jealous of the pikachu! Nice one. Which one is your fav?

[kingmaker @KingmakerEth]

@game_for_one Blocking for AI slop. “The biggest bottleneck isn’t the tech. It’s attention” lazy fuck

[kingmaker @KingmakerEth]

@bitfloorsghost hahah hey I like when they're pressed into high quality oil

[kingmaker @KingmakerEth]

@bitfloorsghost Olives are gross

[kingmaker @KingmakerEth]

@bitfloorsghost It's just braindead spam, gobbled up and regurgitated by braindead readers. Gotta sift through it unfortunately to find the gems still posting quality.

[kingmaker @KingmakerEth]

@DeeZeFi Quite a number of my graded cards not in this and only about 10% of your port hehe so yeah, great investments. My cost basis around 4k so not too bad either.

[kingmaker @KingmakerEth]

@NoahRyanCo @Regenereat what brand pls?

[kingmaker @KingmakerEth]

inb4 someone creates GTA6 with grok

[Elon Musk @elonmusk]

Grok video games are going to be incredible

[kingmaker @KingmakerEth]

@ABCDEFnft @MINHxDYNASTY The only right answer

[kingmaker @KingmakerEth]

This is John Mcafees alt

[moneyfetishist @moneyfetishist]

I am not going to motivate you because if you need motivation from a stranger on a plane the answer is stay

but I will give you the game theory

your corporate M&A gig is a repeated game with diminishing marginal returns. year 1 you learn everything. year 2 you refine it. year 3 you are executing pattern recognition. year 4+ you are being paid more to do the same thing with slightly larger numbers. the learning curve flattens but the golden handcuffs tighten because every year the comp goes up and the opportunity cost of leaving gets more painful on paper

this is a classic status quo bias trap. the payoff of staying is known and comfortable. the payoff of leaving is uncertain and scary. so you stay not because staying is optimal but because the asymmetry of regret is lopsided. you can imagine regretting the leap. you cannot as easily imagine regretting the years you stayed too long because that regret builds slowly and never hits you in one moment

here is where game theory actually helps:

in your M&A seat you are playing someone else's game. the firm sets the rules, the deal flow, the comp structure, the promotion timeline. you optimize within their framework. you are a very well-compensated player in a game you did not design. your upside is capped by whatever the partnership or MD economics look like. your downside is protected by a salary. that is the trade

owning a local business flips the entire payoff matrix. you design the game. you set the rules. the downside is real and unprotected but the upside is uncapped and compounds in ways a salary never does because you own the equity. a $2M EBITDA business bought at 4x and grown to $3M EBITDA over 3 years is worth $12-15M on exit. no M&A salary trajectory produces that kind of wealth creation in that timeframe unless you are a founding partner

the Nash equilibrium of your current situation: you and every other M&A professional are competing for the same promotions, same deal credit, same bonus pool. the competition is fierce because the players are identical. same schools, same skills, same hours. you are in a crowded equilibrium where everyone works 80 hours to stay in the same relative position

local business ownership is a different game with different players. the competition is a 62-year-old owner who stopped innovating in 2014 and a 35-year-old who inherited the business and does not want to be there. you walk in with financial sophistication, deal structuring experience, and the ability to read a balance sheet faster than anyone in the room. you are overqualified for the game which is exactly where you want to be. the best strategy in game theory is to play games where your existing skill set gives you an asymmetric advantage over the other players

the timing question is about optionality. every year you stay in M&A your financial optionality goes up slightly because you save more. but your operational optionality goes down because you get further from the reality of running anything. the M&A guy who leaves at 28 adapts to operations in 6 months. the one who leaves at 38 has a decade of habits built around delegating to analysts and reviewing decks, and managing a P&L feels foreign in a way it would not have 10 years earlier

but again. if you need me to motivate you, stay. the people who actually do this do not need motivation. they need a spreadsheet that shows the math works and then they cannot NOT do it. if you have the spreadsheet and you are still asking strangers for motivation the spreadsheet is not the problem

[kingmaker @KingmakerEth]

@beaniemaxi Also his bio is clearly AI…

[kingmaker @KingmakerEth]

@beaniemaxi He’s not in jail?

[kingmaker @KingmakerEth]

X literally changes one part of the algorithm and nearly achieves World Peace uniting Japan and the US over BBQ and cars and culture. ようこそ

[BCheque @BCheque1]

Pretty confident that you want to get out of the way of the market / these IPOs

The S&P will not just add these private valuations on top of it, it will need to make room for them by selling other things off

Just another factor amongst the other factors to be super cautious on equities at the moment

Discussed on @modernmarket_ how retail participation in these will NOT be for charity

[kingmaker @KingmakerEth]

@DeeZeFi Oh also, haven’t tried eBay because I’m too scared of being ripped off

[kingmaker @KingmakerEth]

Danggg are you going to open source it 👀👀👀😆 I might do the same. Had some nice luck on courtyard and rip fun which I think I missed a funding round on (lame) but the best by far in terms of enjoyment for opening. Have a good pipeline now through a distributor for new stuff but on chain is nice for older packs I can’t find

[kingmaker @KingmakerEth]

@DeeZeFi Hahah are you collecting mostly slabs now or doesn’t matter

[kingmaker @KingmakerEth]

@AvgJoesCrypto @coinbase Hyperliquid