walt

Hard earned opinions mine.

[walt @waltrcox]

@RogueCfpb @prideandfury Don’t be too hard on yourself! Far be it from me to deny any man his contempt for subpar Halloween treats. The beauty of capitalism is that even a Mounds bar has value to someone with questionable taste.

[walt @waltrcox]

@RogueCfpb Fair grievances (Hersheys, mounds). But a mono-candy holiday would desecrate that which Americans hold most sacred: trade. Candy arbitrage is the backbone of American capitalism. Otherwise what’s next…government-mandated candy requirements? Halloween Candy Protection Bureau?

[walt @waltrcox]

@scottew I’ve stopped viewing daily outdoor exercise as something nice to have. It’s become a non-negotiable.

[walt @waltrcox]

@GayBearRes That’s why it works!

[Dave Gerhardt @davegerhardt]

As a parent with kids approaching middle school, fuck this (respectfully)

[walt @waltrcox]

@paul_griffiths Someone’s pants are on fire

[walt @waltrcox]

@paul_griffiths it was never about the destination, but the frenemies you made along the way

[walt @waltrcox]

@arfrank this is some of your best work

[Brandy Jensen @BrandyLJensen]

need a way to access fb marketplace without ever, even for one second, encountering facebook

[Jeremy @jeremyct]

My friend worked at a startup for 3 years.

Took a $20,000 pay cut for equity they promised would change his life.

Wore the hoodie. Believed the mission. Worked every weekend without being asked.

Company got acqui-hired last year.

Founders walked away with $8,000,000 each.

Employees got 90 days notice and a LinkedIn recommendation.

The equity was worth $0.

He’s 31.

Starting over.

Startups sell you a dream because dreams are cheaper than salaries.

[Joe Lonsdale @JTLonsdale]

We didn’t have “HR” when building Palantir, for similar reasons - I avoided Ryan’s mistake.

And when we needed some PeopleOps, we hired technical leaders.

Going into the vast majority of companies and firing most of their HR and Marketing departments would tend to create value!

[walt @waltrcox]

Congrats @bpmilne and Dwolla team
Love to see this exit

[walt @waltrcox]

@RogueCfpb @GayBearRes Lots of folks working with Evolve knew well before 2023 this was coming. Charter gives freedom to make poor decisions regardless of industry implications.

The difference between OCC and FDIC regulatory oversight (don’t get me started on NCUA) is staggering.

[Akinlabi Idris @iakinlabii]

Corporate life will teach you that knowing the job is only half the battle.

The real skill is staying calm in meetings, reading the room, managing ego, receiving vague feedback, and not replying emails with your real thoughts.

[Jim Stewartson, Decelerationist 🇨🇦🇺🇦🇺🇸 @jimstewartson]

I’m calling it. Marc Andreessen is a fucking moron.

[Tom Goodwin @tomfgoodwin]

I don’t think there is enough reporting on the idea that in the last 3 years , a standard startup playbook has been to lie, cheat, make things up, scam people , break the law, steal things, lie more and then pass it off as “growth hacking”

[walt @waltrcox]

@oost_marcel Leadership context matters. Lead’s roots in Square Capital shaped a long runway toward stablecoin support. Column launched oversubscribed and under regulatory constraints, leading to a more deliberate, selective growth approach.

[Patrick McKenzie @patio11]

A price cap on credit card interest rates would, if adopted, lead radical change in underwriting standards, product availability, and probably credit limits, which many people who want to borrow money would perceive as negative.

[High Yield Harry @HighyieldHarry]

I like rugged individualism