Sujay

On my 📱 way too much. DMs open

[Bobby Goodlatte @rsg]

I’ve heard one too many stories from friends about SPV fraud

It’s one of the biggest stories in Venture Capital not being told, in part because it’s embarrassing to admit you got scammed

Beyond the usurious fees that have become standard (20 or 30+ percent for mere access). Theres a shocking amount of “ghost shares” being sold by outright fraudsters. In other words: they never had shares to sell to begin with

And the stories I’ve heard have all come from sophisticated, professional investors. Not your typical “dumb money”

If these people are being scammed, I’m certain the problem is 1,000X worse under the surface

I want to blow the lid off this story and drive reform.

I’ve never seen such an influx of bad actors into startup investing in the 13 years I’ve been an investor. It’s “Wolf of Wall Street” bad, or worse.

More to come on this; but I’m lining up meetings in DC to speak with folks in both the House and Senate on the issue. A few already on the books. I’m serious about this.

I’ve never been a big fan of government regulation, but I think it’s needed.

And I’d love to speak about this issue on podcasts, traditional media, etc. If you’ve been personally affected, please DM me. I’ll keep your story in confidence

Finally: this story isn’t just about fraud. It’s about how the average American investor has been systematically cut out of the upside of our most promising technology companies

If you had believed in Apple or Amazon early: you could have just bought shares on the open market

Now you have to deal with some of the scummiest middlemen charging usurious fees, selling shares that might not even exist

These small investors have few advocates. They’re regularly mocked by VCs as dumb money. All while risking their own hard-earned money, no LPs backing them, no management fees to fall back on. 100% skin-in-the-game

They deserve our respect, and a square deal. I’ll always respect someone putting their own money on the line to back something they believe in — no matter how small the check

In many ways they’re taking on more risk than the VCs mocking them. It’s pretty easy to take risks with other people’s money versus your own

They deserve access, like they had back in the 80’s / 90’s / early 2000’s

We turned an open market into a toll road. I’m sure the folks operating the toll booths will not like this post, or the reforms I’m going to try to push.

But my DMs are open to anyone who wants to help eliminate the tolls for the average American investor ❤️🇺🇸

[Narendra Modi @narendramodi]

Tomorrow, 4th July, is a very special day for the people of Jodhpur. The New Terminal Building of Jodhpur Airport will be inaugurated. Jodhpur has a very important place as far as tourism in India is concerned. This upgraded infrastructure will encourage more tourists to come to Jodhpur. It will boost commerce as well.

[zayne (zeyu) zhang @zeyu1337]

PSA: when you wake up, reach for your phone immediately. Do NOT scroll Instagram reels. Send a good morning message. Not to your girlfriend, to Claude.

That way, you can start the clock for your 5 hour Claude Code usage limit while you freshen up and head to the office. At noon, the 5 hour window would have passed and the usage limit would reset. Then you can generate more shareholder value.

[Arjun Narayan @narayanarjun]

SpaceX drops the hypiest IPO filing and says "we believe we have identified the largest TAM in human history", and you're like, my interplanetary east India company, what delectable spice have you decided to ship across the stars, and it's like... 22 trillion dollars of b2b saas

[Deva Hazarika @devahaz]

Highly paid tech people need to stfu

[Mads @europemaxxed]

you're never opening this again but you're not deleting it either

[BuccoCapital Bloke @buccocapital]

I can’t stop thinking about this post. If you do one thing today, I encourage you to give it a thoughtful, thorough read…

And then commit to never living your life this way. Life has wasted success on the people described in this post.

It really is completely pathetic. They say that comparison is the thief of joy - look no further than this post for validation it is indeed true.

On their deathbed they will realize they have lived their life completely wrong. Don’t let it be you.

[Claude @claudeai]

We’ve agreed to a partnership with @SpaceX that will substantially increase our compute capacity.

This, along with our other recent compute deals, means that we’ve been able to increase our usage limits for Claude Code and the Claude API.

[Kyle Harrison @kwharrison13]

This photo deserves a Pulitzer.

[WillC @willchen500]

Harvey is valued at $11B. Legora just raised at $5.5B. I built their entire web application in two weeks and I'm making it open-source and free for everyone to use. Say hi to Mike: https://t.co/NdtTt5MSJ2.

When I got the chance to try Harvey and Legora, I was surprised by how simple they were. A thought came to mind: I could probably build something similar in no time at all with Claude. And so I did.

Assistant, project, tabular review and workflows. You get it all without vendor lock-in.

Mike offers law firms an alternative, where they own the application layer and aren't stuck with a vendor they're renewing forever.

You can try Mike in the demo on the website, or go to the GitHub link on the site to download the code and run a local version yourself.

[Joshua Kushner @JoshuaKushner]

Today we announce Thrive Eternal, a permanent capital holding company that will be concentrated in a small number of assets that we can own and steward over many decades.

Across Thrive Capital and Thrive Holdings, we are building and investing through a moment of exponential change; backing emerging technologies, the infrastructure that powers them, and the businesses they can transform.

Increasingly, we see a fourth category.

These are assets with qualities that cannot be replicated by technology. Iconic franchises and cultural institutions rooted in tradition, identity, and shared experience. In a world shaped by abundant intelligence where creation scales and distribution fragments, we believe they will matter even more.

Thrive Eternal is built on the belief that the most enduring of these assets share common characteristics: they benefit from long-term stewardship, they compound through cultural resonance, and they are enhanced by technology rather than displaced by it.

Our work at Thrive has always been informed and inspired by a deep appreciation for product, brand, and the ways in which consumers form lasting relationships with the things they love. We have been building towards this for a long time.

Our first partnership is expected to be with the San Francisco Giants - an institution built on more than a century of shared identity and community, and among the most iconic sports franchises in America. We have reached an agreement, subject to league approval, to acquire an ownership stake. We feel privileged by the opportunity to be long-term partners to the Giants.

[Chintan Zalani @chintanzalani]

The only 4 jobs that will remain at tech companies.

Credits: @yrechtman

[CG @cgtwts]

> be Anthropic
> lost the $200M Pentagon contract to OpenAI
> climbed to #1 on the App Store anyway
> ChatGPT uninstalls surged by 295%
> shipped “Memory”to pull chatgpt users over.

[Gajesh @gajesh]

they predicted it

bring back this damn genius tv show

[malinvestment.jpeg @malinvested]

Of course that's your contention. You're a first-time SaaS bear. You just got finished listening to some podcast, Dario on Dwarkesh, probably. Now you think it’s the end of white collar work and seat-based pricing is screwed. You're gonna be convinced of that til tomorrow when you get to “Something Big is Happening”. Then you’ll install ClawdBot on a Mac Mini, vibe code a dashboard on top of a postgres database and say we’re all just a couple ralph loops away from building a Salesforce competitor. That’s gonna last until next week when you discover context graphs, and then you're gonna be talking about how the systems of record will be disintermediated by an agentic layer and reposting OAI marketing graphics.

“Well, as a matter of fact, I won't, because ultimately the application layer is just ….”

The application layer is just business logic on top a CRUD database. You got that from Satya’s appearance on the BG2 pod, December 2024, right? Yeah, I saw that too. Were you gonna plagiarize the whole thing for us? Do you have any thoughts of your own on this matter? Or...is that your thing? You get into the replies of anyone posting a SaaS ticker. You watch some podcast and then pawn it off as your own idea just to impress some VCs and embarrass some anon who’s long SaaS? See the sad thing about a guy like you is in a couple years you're gonna start doing some thinking on your own and you're gonna come up with the fact that there are two certainties in life. One: don't do that. And two: you dropped thirty grand on Mac Minis and LLM API calls to come to the same conclusion you could’ve got for free by following a handful of VC accounts.

[Sujay @sc__inv]

@emilyinvc Good luck getting anything close to $325k

[Soren Iverson @soren_iverson]

Google Meet show how late people will be based on meeting history

[litquidity @litcapital]

“Gonna be home late tonight babe, I’m out monitoring the situation with a couple of guys. We might even stay and monitor a second situation if something comes up”

[Blake Dodge @dodgeblake]

Data centers are not really causing water problems.

You shouldn't put one just anywhere. But even if they triple by 2030, they’d require just 8% of the water consumed by US golf courses, as I reported for @PirateWires based on @AndyMasley's work.

Stop the AI water doomerism.

[Austen Allred @Austen]

10 hours later and I’m still wrapping my mind around turning down a $1.2 billion acquisition with $2m in revenue