holy fuck, a hair dryer at a Paris airport broke Polymarket weather markets & made someone $34,000 richer
- polymarket was settling Paris temperature bets on a single Météo France sensor sitting near the Charles de Gaulle runway perimeter - basically unguarded
- the guy bought the long-shot outcome (like "22°C" when everyone expected 18°C) for pennies, since nobody thought it'd hit
- then he walked up to the probe and briefly heated the air around it with a portable heat source, spiking the reading just long enough to register as the daily max
- temperature snapped back to normal in minutes, the market resolved in his favor, and he cashed out - twice, on April 6 and April 15, before Météo France caught on and filed charges
hyperstitions.
i love wispr flow but feel like i should be speaking even quicker, I'm at about 154 words per minute. What's everyone else at?
Surely I'm not in the top 1% in this category.
fully agree, especially on templates + case law + market insight materials that gets published via Lexis and Westlaw. Or even during my time as an M&A lawyer working on public 2 private deals, having the ability to see the common thread of deal structures was super useful (pre chatgpt)
BUT - they do not have the actual AI expertise to utilise what is out there today imho. It is essentially just RAG in their closed environment, and its SO SLOW and not using the latest models so the output is generally degrading the actual quality of their solid content...
This doesnt argue in favour of Harvey but I guess the one thing that they should truly try to execute on is building a better, faster, more insightful product as a system of record for large law firms and potentially a platform that allows them to communicate with their clients.
Private Equity is Back, Baby - KKR just returned a fund in one deal, let's break down the deal
Mid-2023, no one is talking about AI or data centers and KKR acquired CoolIT for a very fair 16.5x EBITDA multiple
So what does the company do? They are a pioneer in direct liquid cooling technology for data centers, this removes heat from data centers enabling more energy-efficient and higher-performance operations than traditional air cooling
Fast forward 3 years, and the company has exploded, coolant distribution unit capacity grew 25 times. 25 times! CoolIT's technology ended up deployed in over 300 data centers globally.
Today, KKR agreed to sell CoolIT to Ecolab, a Minnesota-based industrial water treatment and hygiene giant, for $4.75 billion in cash, representing 29x NTM EBITDA of $164M.
Read that again. 10x increase in EBITDA and 12x of multiple expansion. So good.
The result, a nice 15x MOIC and 150%+ IRR.
What I think is even more fascinating is that this comes from the Impact Fund which is $2.8bn of total commitments, so I estimate that this deal just returned the entire fund. Sooo good.
Genius or luck?
In my opinion, genius. Chapeau to KKR.
Private Equity is Back, Baby - KKR just returned a fund in one deal, let's break down the deal
Mid-2023, no one is talking about AI or data centers and KKR acquired CoolIT for a very fair 16.5x EBITDA multiple
So what does the company do? They are a pioneer in direct liquid cooling technology for data centers, this removes heat from data centers enabling more energy-efficient and higher-performance operations than traditional air cooling
Fast forward 3 years, and the company has exploded, coolant distribution unit capacity grew 25 times. 25 times! CoolIT's technology ended up deployed in over 300 data centers globally.
Today, KKR agreed to sell CoolIT to Ecolab, a Minnesota-based industrial water treatment and hygiene giant, for $4.75 billion in cash, representing 29x NTM EBITDA of $164M.
Read that again. 10x increase in EBITDA and 12x of multiple expansion. So good.
The result, a nice 15x MOIC and 150%+ IRR.
What I think is even more fascinating is that this comes from the Impact Fund which is $2.8bn of total commitments, so I estimate that this deal just returned the entire fund. Sooo good.
Genius or luck?
In my opinion, genius. Chapeau to KKR.
How much are you spending on tokens?
My usage keeps doubling every month thanks to better models, more automations, more parallelization. I wonder if others are seeing the same
Nothing beats showing up in person.
Heading to MIPIM 2026 for the first time with a simple goal: meet the real estate investors, operators and developers who are sick of slow, expensive legal work.
Having a target helps. Ours is obvious.
Even with the UK & European tech flying, Alaro has to be one of the most exciting early-stage companies to join - led by the exceptional @WJongert & Igor Adamski
Lawyers looking to get into tech (Associates or Partners) or engineers ready to disrupt the billions in legal spend every year... check out what the Alaro team are building👇
https://t.co/6UuVSKaZnX
We’re hiring!
We’re building an AI-native law firm where technology and legal judgment combine to deliver work at business speed.
We’re growing across Legal, Engineering, and Growth, and looking for people who want real ownership from day one.
If you challenge the status quo, move fast, and care about building the future of legal services, let's talk.
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