rohan

life is like a pack of cigarettes

[simp 4 satoshi @iamgingertrash]

@BasedinteIIect Almost, doing a huge branding thing with some elite storytellers

Will be available soon

Also th software is actually good now. I find enormous personal utility and it isn’t “chat but local”

It’s an entirely new paradigm that’ll eventually go mainstream

[Luke Metro @luke_metro]

Hall of fame opening sentence

[Will Manidis @WillManidis]

Staggering the number of you guys that worship outlier lives of great accomplishment, but are completely disgusted by what true outlying behavior looks like

[critter @BecomingCritter]

what the hell

[based16z @based16z]

Liberals be like you ran up a trillion dollars can I have some

[Martin Shkreli @MartinShkreli]

@SenWarren u need to stfu is what you need

[Elon Musk @elonmusk]

@iam_smx *trillioniare

[𐙚⋆ @voidwithverses]

“An enemy will agree, but a friend will argue”

— Russian Proverb

[rohan @rohanpuj]

@acryptofounder u should say yes just to see his reaction when he sees your “guest bedroom”

[Dan Gray @credistick]

There are 12 venture-backed companies that raised >$3B in private markets and then listed in the US.

Only one that has a positive return today, relative to the S&P 500's performance over the same period.

Most are deeply negative (aggregate -117%).

Only two that were positive at lockup expiry, neither stayed that way.

The high cost of private capital means the companies that raise the most, and stay private longer, are almost inevitably overvalued as insiders raise the price of funding events aggressively to stay NPV positive.

[simp 4 satoshi @iamgingertrash]

No consumer product makes it unless women aged 16-24 use it

That’s the key

Figure it out,
and the market is yours

[Sovey @SoveyX]

Did you know Korea sells “one-a-day” banana packs?

Instead of every banana ripening at once, each one is at a different stage.

One is ready today.

The next one is ready tomorrow.

The last one is still spiritually in college, “experimenting.”

Simple. Genius. Solves the entire banana problem.

What do you think?
Would you prefer your bananas this way?

[Alex Hormozi @AlexHormozi]

A lot of long term business success comes down to cycling through enough people over the years to filter for the top 1% that are all savages and love working together. Then the goals you go after just get bigger and bigger. And you add a winner or two every year. And never stop.

[Spencer Pratt @spencerpratt]

They not like us

[Mario S. @covered_call]

Dave is right - USVC yet another grift in the world of retail-accessible VC. I went through the 56-page prospectus and its even worse than the tweet suggests:

1. Fee stack: 3.61% gross annual expense ratio, capped net at 2.50%. Underlying SPVs/VC funds charge another 1–2.5% mgmt + 20–30% carry on top. You're paying 3+ layers of fees before any return hits your account.

2. The prospectus states twice, verbatim: "The Investment Adviser has no previous experience managing a closed-end, registered investment company." The adviser was formed Dec 2023 and rebranded from "Strawberry Tree Management" to "AngelList Asset Management" last November.

3. Portfolio manager Ankur Nagpal is compensated on AUM growth, not performance. Straight from the prospectus: his Carry acquisition earnout "includes contingent payments tied to USVC's growth in assets under management." Textbook non-traded REIT incentive structure.

4. AngelList gets paid three times on the same dollar:
• 1% advisory fee to AngelList Asset Management
• Up to 5% of profits to Platform Advisor LLC (AngelList affiliate)
• Fund admin fees to Belltower Fund Group (AngelList affiliate)

5. NAV is sponsor-marked - the adviser is its own "valuation designee." Prospectus disclaimer: "Fair value prices are necessarily subjective in nature…no assurance that such a price will be at or close to the price at which the security is next quoted or next trades."

6. "5% quarterly redemptions" is marketing. Reality: Board can cancel any offer, can offer less than 5%, can repurchase at a discount to NAV, and oversubscribed offers prorate. Straight from the doc: "Shareholders should not rely on being able to tender the full amount—or any—of their Shares."

7. Naval frames it as "VC for everyone." The prospectus describes a non-traded CEF with sponsor-marked NAV, AUM-linked manager comp, three layers of affiliate fees, and gated discretionary liquidity.

Retail doesn't need access to private markets this badly.

[DAN KOE @thedankoe]

At some point, usually in your 20s, you'll notice that the people around you stop believing in themselves. And no matter how hard you try, you can't save them. By all means, do not let it infect your mind. Stay on your path.

[Elon Musk @elonmusk]

True currency is steadfast friendship

[rohan @rohanpuj]

beautiful

[Karan Kunjur @KaranKunjur]

I'm very proud to share that the team @K2SpaceCo has achieved Tier 2 Mission Success for Gravitas!

Over the past week, we've:
• Powered on our payloads
• Activated our high power propulsion system and fired the thruster
• Completed testing of our software system, including a software update

With all of the satellite bus systems demonstrated and checked out, we will be transitioning to sustaining operations for the rest of the mission.

This includes continuing our payload demonstrations while pushing the satellite bus systems to the limit to learn as much as possible for future missions.

(And yes, this photo is real. Our thruster firing on orbit.)
---

[Neel Kunjur @neelkunjur]

I'm excited to announce we have achieved our Tier 1 mission success criteria and have begun gathering a tremendous amount of data on how this brand new spacecraft performs.

On March 30th, 13:17:08Z, the Gravitas spacecraft separated from the SpaceX Transporter-16 stack to begin its mission as one of the highest power free-flying satellites ever launched.

Immediately after separation, the spacecraft autonomously:
- Executed detumbling maneuvers
- Established two-way communications with the ground (on our very first ground station pass)
- Deployed its 20kW solar arrays
- Slewed to a safe and stable attitude to await further ground commands

These actions alone are a testament to the incredible work of our in-house engineering, software, and GNC teams to build a robust spacecraft.

Since then, our operations team completed all initial system activations and checkouts, confirming the vehicle is in a power positive and thermally stable state with no major anomalies observed at this time.

We completed this phase of the mission ahead of schedule. Next up we will be powering up and downlinking data for all payloads aboard the Gravitas spacecraft in support of our customers and partners while continuing to put the spacecraft through its paces.

As we noted ahead of launch: The goal of this mission is to experiment and push our systems to the limit to inform future missions. I look forward to sharing more on our successes and challenges as the mission proceeds.

Video of our satellite below; link to full T-16 webcast: https://t.co/cq1sTsnAJx