matt

markets, tech and wedge par 3s

[matt @makespar]

@alphaanomics Where is this article ?

[matt @makespar]

@Discoplomacy Down for a coffee

[matt @makespar]

No that happened in 2008 and then doubled down on in 2016

[Harry Stebbings @HarryStebbings]

Keir Starmer has done worse than make us a laughing stock; he has made the UK totally irrelevant.

[matt @makespar]

@Abude_al_asaad Agree wouldn’t be shocked if others follow suit

[matt @makespar]

@aleabitoreddit What’s the market view then ?

[matt @makespar]

@tbpn How much was it ?

[matt @makespar]

Cracker - I do think Anthropic are finally breaking through to people who aren’t nerds, been noticing in conversations

[matt @makespar]

I originally thought all of the spelling mistakes were on purpose for some reason.

[Ryan Grim @ryangrim]

As Ehud Barak was leaving official govt service in Israel, he turned to Jeffrey Epstein for guidance. Epstein told him he needed to look at a Peter Thiel company called Palantir. Rare audio of Epstein and Barak from the latest DOJ release:

[matt @makespar]

Not sure how this is anything other than talking your own book

[Vlad Tenev @vladtenev]

Thanks for the thought-provoking piece.

My main critique is that you are overemphasizing flashy but low probability events like “left-handed bacteria,” while merely giving lip service to the risk of extreme economic concentration of power, which is very real and materializing as we speak.

Anthropic is reportedly raising funds at a $350B valuation, and the wealth created thus far has been concentrated into a few hundred (perhaps more like dozens) high net worth individuals / institutions. It’s looking increasingly likely to me that none of the leading AI labs will IPO until they reach valuations in the trillions, at which point retail investors will finally be able to get shares. In order for retail to get a 100x return on these investments, which was achievable for Apple, Microsoft, Amazon, and Google, the valuations of the AI labs will need to reach hundreds of trillions of dollars, meaning it’s likely too late for a more equitable redistribution of wealth.

Simply put, you are currently exacerbating the problem. The consequences of this are that voters may take matters into their own hands and push for either or both 1) more aggressive / nonsensical forms of redistribution — the CA Founders’ Tax is just the beginning or 2) a drastic knee-capping of the AI industry in America, which make the CCP dominance scenario more likely.

The solution is to enable retail ownership now, increasing the number of Americans with economic exposure to Anthropic and other AI labs from hundreds of people to millions.

[matt @makespar]

When I was younger I always used to be confused why business took so long, why a project takes 6 months or 1 year or 2. Only now I realise it's not because work takes a long time but people.

[matt @makespar]

Love this - crazy risk tolerance

[The Peel @ThePeelPod]

I asked @kevinhartz why he invested 100% of his first startups exit proceeds in PayPal's Seed round:

"It's all about the team. I had known Peter Thiel since we were students at Stanford. He was an extraordinary person.

I had just sold my first company. We were providing high-speed internet to hotels in the mid/late 90's.

And I put as much of it as I could into PayPal."

[matt @makespar]

What are the rules on line items in annual reports ? Is it once past a certain level of detail at the companies discretion.

Would love to see a company take the piss here.

[The Kobeissi Letter @KobeissiLetter]

You can't make this up:

Google now has a literal line item in their quarterly reports called "European Commission fines."

$10.5 BILLION as of September 30th.

The EU has become so heavily regulated that fines are a "normal" line item now.

What is happening in Europe?

[matt @makespar]

Does Lovable even have enterprise clients ?

[matt @makespar]

@Ryanair get this on a cap

[matt @makespar]

Nick Clegg …

[Nick, 30 @an0n_Nic]

You know a tech company is cooked when they started hiring washed politicians with absolutely zero experience in the space. Possibly one of the most bearish signals there is. I’d short the hell out of OpenAI.

[matt @makespar]

Pretty weird response

[Austin Lieberman @LiebermanAustin]

I think we will look back on this interview as an inflection point that saved us from repeating a .com like bubble.

[matt @makespar]

@RobinWigg Voting machine in the short term and a voting machine in the long term

[matt @makespar]

@doomerzoomer This tweet deserved more

[matt @makespar]

Crazy

[Shayne Coplan 🦅 @shayne_coplan]

The Forbes cover piece mentions how I was emailing the SEC as a kid

Here it is, October 2013. Little did I know...

What people call an "overnight success" takes a decade. And still a looong way to go

[matt @makespar]

Keep these posts coming my boy 🫡