@andrewparker@cm I like that. Effectively keeps a founder pool for those that stay.
Being 18 years in has given me ample time to contemplate such things!!
Someone on the Odd Lots Discord made this. And idk what to say, except it feels like the prediction markets companies put us onto this slippery slope, and now the unthinkable has indeed arrived.
None of this settles what caused what.
But culture now enters the growth accounting as a measured series rather than a residual - and measured, it's big.
Paper: https://t.co/4QmtBMejJr
@TimDraper@thumbtack Thanks for believing in us from the start!! Conviction, and the willingness to act independently, is surpassingly hard to come by and serves as a real catalyst for nascent efforts!
For the U.S. to prosper & lower the cost of living, we gotta make it easier to build the things we need — housing, clean energy, child care centers, transit & so much more. The vetocracy needs to end. We’re doing that work in California. We need to take it national.
“The greatest regret I have is underestimating the value of long term compounding. Capital, friendships, projects, places, all get better with decades. It is entirely what life is about. a few very good things for a long time.” - Will Manidis
New newsletter: HOW THE HOUSING MARKET FOR YOUNG PEOPLE BECAME A 'TOTAL DISASTER'
In 1991, the median age of first-time homebuyers was 28. Now it’s 38. This is the hardest time for young people (defined, generously, up to 40) to buy their first home in modern history.
The vanishing dream of 20- and 30-something homeownership isn't just an economic phenomenon. It's becoming a political centerpiece. Housing affordability is for voters under 40 what protecting Social Security is for voters over 65.
The cities, states, and national parties that figure out how to talk about and ultimately solve this mess to restore housing affordability to Americans under 40 will have a major advantage in the next few years.
A clean CEQA exemption for infill housing just passed the Assembly Appropriations committee *on consent.*
We have a lot more work to do, but things are looking up in California!
SB 79 (Wiener) and AB 609 (Wicks) both passed their final house of origin policy committee today.
These bills are huge.
If they pass, California will become a much more dynamic and affordable state, where entrepreneurs can build the future and anyone can afford to call home.