Sergey Toporov

Partner at @LetaCapital.
On a mission to find the Next Big Thing | Embracing innovation with sarcasm and smile

[Sergey Toporov @ToporSB]

No micro-SaaS business anymore?

[OpenAI @OpenAI]

Building apps has never been easier.

With Sites, Codex can turn your work, ideas, and plans into an interactive website or app your team can explore, use, and share with a URL.

Rolling out to Business and Enterprise plans, before expanding more broadly.

[Sergey Toporov @ToporSB]

😳 really?

[Bernie Sanders @BernieSanders]

I will soon be introducing a bill to give the public a 50% ownership stake in the largest AI companies in America.

This would guarantee that the trillions created by AI are used to improve the lives of all of us — and block oligarch decisions that harm the American people.

[Sergey Toporov @ToporSB]

@pmitu I'm sure that even more smart potential buyers/users do the same, don't they?

[Sergey Toporov @ToporSB]

Say you can make only one bet on upcoming IPOs. What will you choose: @AnthropicAI @OpenAI or @SpaceX ?

[Sergey Toporov @ToporSB]

https://t.co/t3JwcMGENI

[Sergey Toporov @ToporSB]

You a founder in London and looking to spend the evening of June 10th in good company(including myself) and have some intellectual fun? The link in the comments.

[Social Links @_SocialLinks_]

Leaders in New York: last call to join Darkside AI Rooftop Soirée at #NYTechWeek. Request to join here while spots are still open: https://t.co/VSN3cZ14XG

AI is pushing teams to move faster, and mistakes get expensive quickly. If you want a candid conversation about current real-world AI risk patterns, this is the night.

The evening centres on a Dark Talks fireside chat with expert guests, then continues with a rooftop experience — crafted cocktails, an artistic performance, and meaningful exchanges beyond business cards.

[Ethan Brooks @alt_w_v_g]

My wife mentioned a nice private school over dinner this week
She said the campus was beautiful
I asked what's the tuition
She said we should look at it as an investment in him not a cost
I made a note
She said don't make a note
I said I always make notes
She said this isn't a deal
I said everything is a deal
She closed her eyes

She said we'd discuss it Saturday
I agreed

Saturday 7:02am
She came downstairs in her Saturday robe
Coffee in hand
I had my cargo shorts on

The dining room had been cleared
The projector was on
The analyst was at the head of the table
Quarter zip on, three iced coffees, a legal pad, and two laptops
He had been there since 6:44am

I texted him at 11:14pm Friday
The text said dining room 6:45am bring the model
He sent a thumbs up

My wife stopped in the doorway
She said what is this
I said you said you wanted to discuss it
She said this is not a discussion
I did not respond
She sat down anyway

The analyst stood
He said good morning ma'am
She did not respond
He sat back down
A printed deck in front of each seat
A fourth copy in case

Slide 1 Tuition Schedule
$38,500 per year
Thirteen years
$500,500 nominal
Before escalators
The school has raised tuition 4.2% per year for a decade
With escalators $648,000
My wife said okay
I said I'm not done

Slide 2 Opportunity Cost
Even before escalators
$38,500 invested annually
10% nominal return
S&P long-run average since 1928
By his eighteenth birthday $944,000
My wife said we can afford it
I said I know that's not the slide

Slide 3 Terminal Value at Age 65
$83 million
She was quiet

The analyst slid the sensitivity tables across the table
8% return $31 million
10% return $83 million
12% return $222 million
She did not look

She said this isn't about money
I said it's always about money
She said no it isn't
I said then what is it about
She did not answer

She said you can't put a dollar value on his teachers his classmates his environment
I said I can the analyst already did slide 6
He flipped to slide 6
She did not look

She said the school is the best in the city
I said best is a feeling
She said it produces the best students
I said the students were already the best before they got there

She said our son deserves it
I said our son deserves $83 million

My son walked in
He is five
Dinosaur pajamas
He looked at the projector
He looked at the open deck on the table
He looked at slide 3
He said are we modeling pre-tax or after-tax
The analyst opened a new tab
My wife looked at the ceiling

He said what's the discount rate
The analyst set down his pen
She closed her eyes

He said is this the same return assumption from the 529 conversation
The analyst stopped typing
He looked at me
I did not say anything

She stood up
Sat back down

He said dad can I help
I said yes
He pulled up a chair
The analyst handed him a printout
He started reading

My wife watched him read
She watched him for a long time

She said his name
He looked up
She said do you like school
He said the work is too easy and the kids don't ask questions

She did not respond
She looked at the ceiling
She walked out of the room

The analyst started packing up
He said should I follow up Monday sir
I said no follow up needed

He'll be fine

Sent from my iPhone

[Sergey Toporov @ToporSB]

@pmitu @grok Too much of your involvement @pmitu You should ask what should Grok build to make you $10,000 per month

[Sergey Toporov @ToporSB]

@Nick_Davidov I assume that at least everyone is a fan of Carlos Castaneda's books :)

[Sergey Toporov @ToporSB]

I have a strong gut feeling that something is wrong about it. Software may have eaten the world, but the world is still eating potatoes. (Charts are from @a16z)

[Sergey Toporov @ToporSB]

@mattturck So, if, according to the predictions of AGI witnesses, the cost of energy and component production approaches zero (thanks to optimization and robotics), then the AI market will also be near zero?

[Sergey Toporov @ToporSB]

@HarryStebbings @alanchanguk @awxjack @MaxJunestrand @vladtenev Invest at what stage?

[Sergey Toporov @ToporSB]

@budapp want to try

[Sergey Toporov @ToporSB]

Tim Cook is out and I don't have a single opinion about it. Should I call a doctor?

[Sergey Toporov @ToporSB]

@elonmusk An alternative - to make free all goods/services produced by AI/robotics. Why do you need an monetary middle man?

[Sergey Toporov @ToporSB]

Had a chance to review some events in VC space in the new project from Anton Lyadov:
https://t.co/QLyNnwuQhu
(In Rus)

[Sergey Toporov @ToporSB]

@HarryStebbings Super cool.
I also suggest inviting Arsen Tomsky from inDrive, to learn more about challenging injustices with tech in the "rest of the world countries". It could be eye-opening to hear how billions of people actually live while the rest of us are waiting for AGI :)

[Sergey Toporov @ToporSB]

Let's return to the idea of personal metaverses for everyone. Start with politicians

[Ray Dalio @RayDalio]

https://t.co/WksCy869Th

[Sergey Toporov @ToporSB]

I found a productive way to use my stubbornness: doing 3,000 push-ups in a month for @CR_UK 6 days done, 24 to go. So I try to struggle for a good cause. Here is my giving page, let's see if it works at all: https://t.co/4kpKIYi0Tu
#CancerResearch #Charity