Restrinct

Technology Investing

[Restrinct @restrinct]

Collection of Reports:

$SKLZ - https://t.co/YHwFYUgD5I

$WTRH - https://t.co/kWlJCW5Xc2

$TGT - https://t.co/r2JGH3TtNc

$MQ - https://t.co/psLxk6wL3a

[Restrinct @restrinct]

Been a while since my last report and given the recent leg down, wanted to share a prior $MQ pitch now that it's less actionable.

Think this is consensus view but was my first look at fintech, probably still meat on the bone but less ideal risk / reward.

https://t.co/dy1S6yHsv5

[Restrinct @restrinct]

“you just need to build the driver and restaurant network.”

[Alap Shah @alapshah1]

To replicate marketplaces like $DASH or $AXP you need to replicate the demand and supply side. AI apps will do the demand side work for you, so to compete w DoorDash you just need to build the driver and restaurant network. The biggest competitor will likely be direct restaurant delivery vs using DoorDash.

Alap here, coauthor of the piece w @Citrini7. Imagine in October you can just prompt ChatGPT to re-order your favorite tan-tan noodles from your local ramen joint. The AI can price shop across DoorDash, Uber Eats, Grubhub and Instacart and directly to the restaurants site, choosing which ever offers the lowest price.

As AI companies start driving real volume to restaurants, they will start offering a demand auction that each restaurant and delivery app can tap into. Today DoorDash takes 25% of the total order, charging both the customer and restaurant. So instead the ChatGPT agent could transact with the restaurant's bid, with ChatGPT taking a 7% cut, restaurant only paying 7% (vs typical 15%) and the consumer saving 11% vs buying through DoorDash. ChatGPT could run a second auction with delivery drivers for fulfillment.

This works when AI apps have sufficient volume of orders, which is likely a 2027 event. Though Joe I do think this also partially answers your second question. As AI apps scale these auctions, they will build network effects in the same way Google did with adwords. Perplexity's auctions will have a lot fewer restaurant participants compared to Gemini and ChatGPT.

[Restrinct @restrinct]

“Thou shalt not make a machine in the likeness of a human mind.”

https://t.co/ONrmttmWKS

[Claude @claudeai]

Cowork is now available on Windows.

We’re bringing full feature parity with MacOS: file access, multi-step task execution, plugins, and MCP connectors.

[Restrinct @restrinct]

Gen Z is about to embrace Butlerian Jihad.

[Claude @claudeai]

Introducing Cowork: Claude Code for the rest of your work.

Cowork lets you complete non-technical tasks much like how developers use Claude Code.

[Restrinct @restrinct]

@evrgn11112231 @buccocapital @WaterworldCapi1 @PythiaR All the ShitCo’s.

[Restrinct @restrinct]

Perhaps the real software was the friends we made along the way.

[Restrinct @restrinct]

@chat_SBC Losing Enterprise share and going through RX - Google gave UCP to everyone?

[Restrinct @restrinct]

@atelicinvest Making it up on volume.

[Restrinct @restrinct]

@buccocapital @CoorsLightCEO @akramsrazor Beatings will continue until morale improves.

[Restrinct @restrinct]

@dalibali2 Gun.

[Restrinct @restrinct]

@byte721 We're back and bearish as ever.

[Restrinct @restrinct]

Have seen some theses around context graphs, aside from the data gravity hurdle think this ultimately requires deep behavioral changes from stakeholders to provide the info for agents to be useful ("context" isn't just sitting in some hidden repository), so in near-term we probably get early adopters (with inherently smaller GTM teams in this case) that adopt this new workflow but the largest enterprises (and sales teams to charge) are probably staying put for a long time on $CRM. Inclination is we get fragmentation in this market and upside for startups comes from capturing nascent companies that eventually turn into large enterprises.

[Anshul Gupta @agupta_108]

https://t.co/M7XFuz0SrW

[Restrinct @restrinct]

@atelicinvest @IndraStocks

[Restrinct @restrinct]

@P_Remarks Beatings will continue until morale improves.

[Restrinct @restrinct]

@MetacriticCap @ContrarianCurse This is correct - those $ORCL RPOs are spread across much longer durations.

[Restrinct @restrinct]

@taubamush After further research, it's even better.

[Restrinct @restrinct]

@dalibali2 Have to figure out how to reinstall Excel first.

[Restrinct @restrinct]

@dalibali2 Just do it again.

[Restrinct @restrinct]

"Your outie shorted $APP after the earnings."

[Restrinct @restrinct]

What my PM sees when he asks how the shorts are doing.

[Restrinct @restrinct]

When he finds out I want to short $U.

[Restrinct @restrinct]

@dalibali2 Was a short before but clearly management is losing it.

[Restrinct @restrinct]

@ChairliftCap Incentives matter - if you have a pile of cash and LPs are requiring deployment, it's going to find a home one way or another. It's a different game.