PROMISE MADE, PROMISE KEPT: President Trump pledged to rescue the astronauts stranded in space for nine months.
Today, they safely splashed down in the Gulf of America, thanks to @ElonMusk, @SpaceX, and @NASA!
COMPOUND OR DIE
Five years ago, doing a compound startup was the domain of repeat entrepreneurs who could raise tons of capital, and was otherwise discouraged by investors and advisors.
Today, with plummeting software development costs and a 10x increase in competition, every AI startup needs to become a compound startup, and fast. Building an interlocking (compound!) system of AI agents that work together to strengthen each other and offer multiple related value propositions, is one of the few remaining ways to build a moat.
Founders: while it’s critical to build a focused first product that solves a very specific problem for your customer, it’s just as important to rapidly expand to address adjacent needs, almost as soon as you have PMF with your first product. Achieving the elusive but critical balance between focus and expansion will determine if your startup wins its space or ultimately becomes an also-ran.
OCC Clarifies Bank Authority to Engage in Certain Cryptocurrency Activities. This kills fiat-based BaaS. Banks that adapt & money market funds win big, legacy payment systems will collapse, predatory on/off-ramp fees are doomed. The Financial Reset Begins https://t.co/VefT3ICYtF
@elonmusk OKRs are standard practice in most private enterprises, ensuring accountability and progress. DOGE is either implementing or planning to implement AI to analyze responses, provide feedback learn the ops. Stepping stone toward zero-ops or even autonomous govt ops in the future.
@elonmusk Requesting five achievements in a week—roughly one per day—is a reasonable expectation. unions filing lawsuits, courts filled with litigation, and media dedicating time to covering the controversy—none of which contribute to GDP or drive real economic value.
@elonmusk
I searched FFIEC Guidelines for the word "reasonable". Found 432 results. Tough to program a computer to be "reasonable". Enables examiners to change their view, pick winners and losers and almost impossible for an institution to have a repeatable process.
I searched FFIEC Guidelines for the word "reasonable". Found 432 results. Tough to program a computer to be "reasonable". Enables examiners to change their view, pick winners and losers and almost impossible for an institution to have a repeatable process.
To be clear, what the @DOGE team and @USTreasury have jointly agreed makes sense is the following:
- Require that all outgoing government payments have a payment categorization code, which is necessary in order to pass financial audits. This is frequently left blank, making audits almost impossible.
- All payments must also include a rationale for the payment in the comment field, which is currently left blank. Importantly, we are not yet applying ANY judgment to this rationale, but simply requiring that SOME attempt be made to explain the payment more than NOTHING!
- The DO-NOT-PAY list of entities known to be fraudulent or people who are dead or are probable fronts for terrorist organizations or do not match Congressional appropriations must actually be implemented and not ignored. Also, it can currently take up to a year to get on this list, which is far too long. This list should be updated at least weekly, if not daily.
The above super obvious and necessary changes are being implemented by existing, long-time career government employees, not anyone from @DOGE. It is ridiculous that these changes didn’t exist already!
Yesterday, I was told that there are currently over $100B/year of entitlements payments to individuals with no SSN or even a temporary ID number. If accurate, this is extremely suspicious.
When I asked if anyone at Treasury had a rough guess for what percentage of that number is unequivocal and obvious fraud, the consensus in the room was about half, so $50B/year or $1B/week!!
This is utterly insane and must be addressed immediately.
The @DOGE team just discovered that FEMA sent $59M LAST WEEK to luxury hotels in New York City to house illegal migrants.
Sending this money violated the law and is in gross insubordination to the President’s executive order.
That money is meant for American disaster relief and instead is being spent on high end hotels for illegals!
A clawback demand will be made today to recoup those funds.