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Partner at StepStone Group Hunter Somerville says a "long overdue" reckoning is coming for SPVs: "It's almost criminal how bad it is." "The most egregious part of the entire continuum is SPVs." "Even separate from the funds, it's the insane 4-10% management fees they're charging, and syndicating out to... show more

TBPN

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49,399 görüntüleme • 6 gün önce •via X (Twitter)

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Anduril's Matt Grimm is in a long-running war with "wildcat" secondary markets who have “absolutely zero respect” for founders and investors. "How many investors in America think they own a chunk of SpaceX when they're actually funding their ex-roommate's boyfriend's coke habit in Miami?" "The SpaceX IPO will be very interesting. This is going to be a situation where the tide goes out, and there's going to be a lot of people without trunks on." "There was this one situation of someone slinging an offer around that was an SPV into another SPV that was buying a chunk of an early investor's holdings. There are layers and layers of fees and carries on top of that, at a price per share that was something like 70% above what the last round traded at. It's just an insane thing. They're pitching access to a deal they don't have." "There was a recent indictment announced in New York around a case where someone was out slinging Anduril SPVs that did not have access to Anduril, and the guy was just pocketing the cash. He was just indicted and arrested at JFK." "This isn't a blanket comment that all secondaries are bad. They're not. There's a category of these people who just have no respect and are basically just fraudsters and hucksters."

Anduril's Matt Grimm is in a long-running war with "wildcat" secondary markets who have “absolutely zero respect” for founders and investors. "How many investors in America think they own a chunk of SpaceX when they're actually funding their ex-roommate's boyfriend's coke habit in Miami?" "The SpaceX IPO will be very interesting. This is going to be a situation where the tide goes out, and there's going to be a lot of people without trunks on." "There was this one situation of someone slinging an offer around that was an SPV into another SPV that was buying a chunk of an early investor's holdings. There are layers and layers of fees and carries on top of that, at a price per share that was something like 70% above what the last round traded at. It's just an insane thing. They're pitching access to a deal they don't have." "There was a recent indictment announced in New York around a case where someone was out slinging Anduril SPVs that did not have access to Anduril, and the guy was just pocketing the cash. He was just indicted and arrested at JFK." "This isn't a blanket comment that all secondaries are bad. They're not. There's a category of these people who just have no respect and are basically just fraudsters and hucksters."

TBPN

171,239 görüntüleme • 6 ay önce

If you go back to Trump's first term and even in the second term, the number of people in the inner circle, it's very volatile. People come, people go. It's kind of like a rotation. You get too close to the sun, your wings melt and you fall out. It's not the end of the free world as we know it. I actually think these two men will get back together again. I know it's salacious, it's really an interesting story, but at the end of the day they both have attributes that the other wants. Elon is a unique individual and Trump is a unique individual. They both have huge egos. They had a bad date. It's like a marriage and they're having a fight. I'm over it already. I think this is noise frankly. I don't think it really matters long-term. They can call each other on their cell phones and work it out and they will.

If you go back to Trump's first term and even in the second term, the number of people in the inner circle, it's very volatile. People come, people go. It's kind of like a rotation. You get too close to the sun, your wings melt and you fall out. It's not the end of the free world as we know it. I actually think these two men will get back together again. I know it's salacious, it's really an interesting story, but at the end of the day they both have attributes that the other wants. Elon is a unique individual and Trump is a unique individual. They both have huge egos. They had a bad date. It's like a marriage and they're having a fight. I'm over it already. I think this is noise frankly. I don't think it really matters long-term. They can call each other on their cell phones and work it out and they will.

Kevin O'Leary aka Mr. Wonderful

267,461 görüntüleme • 1 yıl önce

This weekend's #FACup quarter-final is a HUGE occasion for Preston North End. ⚪️ And it's the sort of game they're long overdue. 😅

This weekend's #FACup quarter-final is a HUGE occasion for Preston North End. ⚪️ And it's the sort of game they're long overdue. 😅

Match of the Day

46,803 görüntüleme • 1 yıl önce

US President Trump: "[Zelensky] has to be realistic. And I do wonder about, you know, how long is it going to be until they have an election. You know, it's a democracy. It's a long time. They haven't had an election in a long time. He's losing a lot of people. And it's possible that the people - you know, if you look at the polls, I will say 82 percent. There was a poll that came out. 82 percent of the people are demanding a settlement to be made - Ukrainian people."

US President Trump: "[Zelensky] has to be realistic. And I do wonder about, you know, how long is it going to be until they have an election. You know, it's a democracy. It's a long time. They haven't had an election in a long time. He's losing a lot of people. And it's possible that the people - you know, if you look at the polls, I will say 82 percent. There was a poll that came out. 82 percent of the people are demanding a settlement to be made - Ukrainian people."

Status-6 (War & Military News)

54,407 görüntüleme • 9 ay önce

Charleston AI Founder James Reilly, who began helping the local Charleston community implement AI out of a brick-and-mortar storefront, says the company now serves a mix of consumers and enterprise customers. "It's a combination of both. Mostly they're SMBs so it's easy for them to adapt to it." "A lot of people would like [learn how to use AI], but they don't have time. They're so used to doing what they do and this is just not natural for them." "The other side of the coin are the people that have larger-sized businesses who are really into AI. Then they realize they're falling behind on their work and that's why they need us to come in and help them."

Charleston AI Founder James Reilly, who began helping the local Charleston community implement AI out of a brick-and-mortar storefront, says the company now serves a mix of consumers and enterprise customers. "It's a combination of both. Mostly they're SMBs so it's easy for them to adapt to it." "A lot of people would like [learn how to use AI], but they don't have time. They're so used to doing what they do and this is just not natural for them." "The other side of the coin are the people that have larger-sized businesses who are really into AI. Then they realize they're falling behind on their work and that's why they need us to come in and help them."

TBPN

43,414 görüntüleme • 1 gün önce

Sequoia’s Shaun Maguire says Silicon Valley is undergoing a "Copernican" shift and waking up to the fact that it revolves around a set of much larger industries, not the other way around: "In Silicon Valley, [there's] almost this Copernican principle — where people used to believe that the world revolved around the Earth, then realized that it revolves around the sun." "There's a Silicon Valley parallel where people think that all of technology, all of industry, revolves around Silicon Valley, but it's actually kind of the opposite." "Silicon Valley is Earth, and there are these much bigger forces and bodies, which include energy, the chemical industry, these giant supply chains, and the semiconductor industry, which has been around for a very long time. It was pretty advanced, and people in Silicon Valley forgot about it." "I don't like the language of other industries pivoting into AI. I actually think it's the opposite." "I think it's like Silicon Valley is waking up from its toddlerhood and realizing that there were these giant industries that we underestimated, and they're actually really freaking good at what they do. And we can all benefit by working together."

Sequoia’s Shaun Maguire says Silicon Valley is undergoing a "Copernican" shift and waking up to the fact that it revolves around a set of much larger industries, not the other way around: "In Silicon Valley, [there's] almost this Copernican principle — where people used to believe that the world revolved around the Earth, then realized that it revolves around the sun." "There's a Silicon Valley parallel where people think that all of technology, all of industry, revolves around Silicon Valley, but it's actually kind of the opposite." "Silicon Valley is Earth, and there are these much bigger forces and bodies, which include energy, the chemical industry, these giant supply chains, and the semiconductor industry, which has been around for a very long time. It was pretty advanced, and people in Silicon Valley forgot about it." "I don't like the language of other industries pivoting into AI. I actually think it's the opposite." "I think it's like Silicon Valley is waking up from its toddlerhood and realizing that there were these giant industries that we underestimated, and they're actually really freaking good at what they do. And we can all benefit by working together."

TBPN

238,386 görüntüleme • 5 ay önce

.Alex Hormozi is super bullish on med spas as a business category. It's squarely within the zeitgeist and is extremely supply-constrained. And people in the industry don't seem to know it. "There's this aging population that has more money than anyone else. They don't want to age. They see the Bryan Johnsons — it is the zeitgeist of right now. 'I want to live forever, I want to look young forever.' And they have all the money. So the demand side of that is huge." "If you look at the supply, med spas are still wildly understaffed. And I know this because I see the business owners every week." "Bryan Johnson had 1,000 people apply to his $1M/year thing. Do that math. And there was a $60,000/year thing underneath that... wildly underestimated." "It's super fragmented. No one has really gobbled it up well, that I've seen... They're in a completely supply-constrained environment, they just don't know it."

.Alex Hormozi is super bullish on med spas as a business category. It's squarely within the zeitgeist and is extremely supply-constrained. And people in the industry don't seem to know it. "There's this aging population that has more money than anyone else. They don't want to age. They see the Bryan Johnsons — it is the zeitgeist of right now. 'I want to live forever, I want to look young forever.' And they have all the money. So the demand side of that is huge." "If you look at the supply, med spas are still wildly understaffed. And I know this because I see the business owners every week." "Bryan Johnson had 1,000 people apply to his $1M/year thing. Do that math. And there was a $60,000/year thing underneath that... wildly underestimated." "It's super fragmented. No one has really gobbled it up well, that I've seen... They're in a completely supply-constrained environment, they just don't know it."

TBPN

206,208 görüntüleme • 2 ay önce

Gavin Baker says the Anthropic S-1 will break a lot of investors' brains "The Anthropic S-1 is going to be really important. And it's going to break a lot of people's brains. There are a lot of macro and value investors who are very confidently making these prognostications about AI with the assumption that tokens are subsidized." "Anthropic is generating cash. They're profitable. Open source tokens are profitable. OpenAI, if they're not generating cash, they will be imminently. SpaceX, same thing." "These macro and value investors are ignorant. They're very smart, but they're ignorant of the facts. They're making an assumption that tokens are subsidized and this is all going to collapse in some circular financing bonfire." "They're just wrong. The overwhelming majority of tokens are profitable for everyone in the chain. Everyone." "It's saying I'm very bearish on the world economy because oil is at $500 a barrel. If oil was at $500 a barrel, that'd be a good reason to be bearish. It's just not. They're just wrong. The central fact is wrong."

Gavin Baker says the Anthropic S-1 will break a lot of investors' brains "The Anthropic S-1 is going to be really important. And it's going to break a lot of people's brains. There are a lot of macro and value investors who are very confidently making these prognostications about AI with the assumption that tokens are subsidized." "Anthropic is generating cash. They're profitable. Open source tokens are profitable. OpenAI, if they're not generating cash, they will be imminently. SpaceX, same thing." "These macro and value investors are ignorant. They're very smart, but they're ignorant of the facts. They're making an assumption that tokens are subsidized and this is all going to collapse in some circular financing bonfire." "They're just wrong. The overwhelming majority of tokens are profitable for everyone in the chain. Everyone." "It's saying I'm very bearish on the world economy because oil is at $500 a barrel. If oil was at $500 a barrel, that'd be a good reason to be bearish. It's just not. They're just wrong. The central fact is wrong."

dnap

539,709 görüntüleme • 26 gün önce

"How have we arrived at a situation where politics is so split that the SNP wins even when it loses 10% of the vote?" Columnist Iain Martin says people are “right” to be “scunnered”, and warns there is a "major reckoning” on government spending “coming down the line” #bbcdn

"How have we arrived at a situation where politics is so split that the SNP wins even when it loses 10% of the vote?" Columnist Iain Martin says people are “right” to be “scunnered”, and warns there is a "major reckoning” on government spending “coming down the line” #bbcdn

BBC Debate Night

26,295 görüntüleme • 4 ay önce

Trump: "Minnesota is a very corrupt place and the elections are totally corrupt. I feel I won it all 3 times. Nobody has won that state since Richard Nixon. It's a rigged state. And the Somalians vote as one group even if they're not citizens. They all ought to get the hell out of here. They're bad for our country."

Trump: "Minnesota is a very corrupt place and the elections are totally corrupt. I feel I won it all 3 times. Nobody has won that state since Richard Nixon. It's a rigged state. And the Somalians vote as one group even if they're not citizens. They all ought to get the hell out of here. They're bad for our country."

Aaron Rupar

153,368 görüntüleme • 7 ay önce

$NVDA is becoming more and more undervalued, and the competitive threat from TPU and Trainium are red herrings, says tae kim. "The stock is almost as cheap as it's ever been. It's trading at 19x forward P/E. That's below the S&P 500, which is growing at like 10%. Nvidia's growing at 80%." "The numbers that people put out there for the competition is a rounding error. It's a low-single-digit number compared to what Nvidia's going to grow over the next few years." "What people keep forgetting is that Nvidia has a trillion dollars in orders. They're the ones who have locked down all the memory, wafers, and optical. They're pretty much the only game in town if you want to buy AI GPU capacity." From his appearance on the show last week.

$NVDA is becoming more and more undervalued, and the competitive threat from TPU and Trainium are red herrings, says tae kim. "The stock is almost as cheap as it's ever been. It's trading at 19x forward P/E. That's below the S&P 500, which is growing at like 10%. Nvidia's growing at 80%." "The numbers that people put out there for the competition is a rounding error. It's a low-single-digit number compared to what Nvidia's going to grow over the next few years." "What people keep forgetting is that Nvidia has a trillion dollars in orders. They're the ones who have locked down all the memory, wafers, and optical. They're pretty much the only game in town if you want to buy AI GPU capacity." From his appearance on the show last week.

TBPN

104,874 görüntüleme • 3 ay önce

Spotted a chip depreciation narrative violation in the wild on the show today CoreWeave founder brannin mcbee: "The A100 SKU. This is a 2020 SKU. We still have clients coming in, asking specifically for that SKU." "It's not like they're coming in asking for Hopper, and it's like, 'Oh, we only have Ampere,' or they're asking for Blackwell, and it's like, 'Oh, we only have Ampere.'" "They are saying, 'No, we want Ampere for workloads,' because that is the most performant platform for their workload." "We signed a contract in the quarter that goes out through 2029. It'll be a 9-year-old chip by the end. And this is a take-or-pay, fixed price contract. And pricing, on A100s, has held solid since early 2025." "One of the big criticisms was, 'Well, it's 2- to 3-year compute, and it's useless after that.' But we've been very consistent that a 6-year depreciable life is accurate for this infrastructure." "And I think that there is a really strong opportunity for it to have material useful life beyond that. And we see it every day." "There isn't one GPU to rule them all. It's just this matrix of different sizes of workloads relative to different sizes of GPUs."

Spotted a chip depreciation narrative violation in the wild on the show today CoreWeave founder brannin mcbee: "The A100 SKU. This is a 2020 SKU. We still have clients coming in, asking specifically for that SKU." "It's not like they're coming in asking for Hopper, and it's like, 'Oh, we only have Ampere,' or they're asking for Blackwell, and it's like, 'Oh, we only have Ampere.'" "They are saying, 'No, we want Ampere for workloads,' because that is the most performant platform for their workload." "We signed a contract in the quarter that goes out through 2029. It'll be a 9-year-old chip by the end. And this is a take-or-pay, fixed price contract. And pricing, on A100s, has held solid since early 2025." "One of the big criticisms was, 'Well, it's 2- to 3-year compute, and it's useless after that.' But we've been very consistent that a 6-year depreciable life is accurate for this infrastructure." "And I think that there is a really strong opportunity for it to have material useful life beyond that. And we see it every day." "There isn't one GPU to rule them all. It's just this matrix of different sizes of workloads relative to different sizes of GPUs."

TBPN

45,587 görüntüleme • 28 gün önce

Chamath Explains Gold's All-Time High “I think it's a mixture of things. There's no panacea explanation.” 1) Net new buyers like Tether Gold 2) Macro funds buying gold instead of bonds or currencies (b/c they don't trust central bank policy) 3) Central bank rebalancing “Why is gold up?” “Gold is up because there are many more net new buyers.” “Who is the most important net new buyer? It's Tether.” “Tether has been issuing a stablecoin called Tether Gold, where they'll actually custody the gold on your behalf, and volumes of it are rising.” “At the same time, central banks are rebalancing.” “And then yet at the same time, you have a lot of macro funds that have essentially decided that central banks aren't to be trusted and they don't know what to do, and so they're not necessarily long bonds, they're not necessarily long currencies, and so they're long gold.” “So, I think it's a mixture of things. There's no panacea explanation.” “But if you had to put it into a couple buckets, it's net new speculation, net new stablecoin-related issuance, and a loss of confidence in central bank policy around the world.”

Chamath Explains Gold's All-Time High “I think it's a mixture of things. There's no panacea explanation.” 1) Net new buyers like Tether Gold 2) Macro funds buying gold instead of bonds or currencies (b/c they don't trust central bank policy) 3) Central bank rebalancing “Why is gold up?” “Gold is up because there are many more net new buyers.” “Who is the most important net new buyer? It's Tether.” “Tether has been issuing a stablecoin called Tether Gold, where they'll actually custody the gold on your behalf, and volumes of it are rising.” “At the same time, central banks are rebalancing.” “And then yet at the same time, you have a lot of macro funds that have essentially decided that central banks aren't to be trusted and they don't know what to do, and so they're not necessarily long bonds, they're not necessarily long currencies, and so they're long gold.” “So, I think it's a mixture of things. There's no panacea explanation.” “But if you had to put it into a couple buckets, it's net new speculation, net new stablecoin-related issuance, and a loss of confidence in central bank policy around the world.”

The All-In Podcast

110,991 görüntüleme • 11 ay önce

— “Mr. President, is the ceasefire over? Is the ceasefire done? Is the MOU dead?” — “To me, I think it's over. I don't wanna deal with them anymore. They're scum. They're sick people. They're led by sick people, and they're vicious, violent people, and if they had a nuclear weapon, they'd use it. As far as I'm concerned, it's over.”

— “Mr. President, is the ceasefire over? Is the ceasefire done? Is the MOU dead?” — “To me, I think it's over. I don't wanna deal with them anymore. They're scum. They're sick people. They're led by sick people, and they're vicious, violent people, and if they had a nuclear weapon, they'd use it. As far as I'm concerned, it's over.”

Israel War Room

61,729 görüntüleme • 2 ay önce

Q: "Americans are worried…This seems to be issue number one for America, and that's affordability. How do you get that message out there from your side?" Emmer: "…What do you expect the public to feel when the left-wing media is writing articles on a regular basis and telling the American people it's not good out there? It is.…The feeling, though, based on all of the information they're getting, is, well, it's not that great. Really? Their spending is up. Their wages are up."

Q: "Americans are worried…This seems to be issue number one for America, and that's affordability. How do you get that message out there from your side?" Emmer: "…What do you expect the public to feel when the left-wing media is writing articles on a regular basis and telling the American people it's not good out there? It is.…The feeling, though, based on all of the information they're getting, is, well, it's not that great. Really? Their spending is up. Their wages are up."

Bulwark Clips

32,824 görüntüleme • 11 gün önce

Tucker Carlson: “The Collapse of the Legacy Media Will Be One of the HAPPIEST Days of My Life” “Most of them know exactly what they're doing, and they deserve to be PUNISHED for it through unemployment.” “They're done.” Is legacy media the place to go for breaking news? No, social media does it better. How about analysis or entertainment? “Well, they're not entertaining. They're preachy and screechy and just absolutely awful,” says Tucker. “And their analysis is stale.” “I just couldn't have more contempt [for legacy media]. And it's the contempt bred from familiarity. It's not like I'm guessing at this. I spent my life with these people ... and I just despise them. I have no respect at all.”

Tucker Carlson: “The Collapse of the Legacy Media Will Be One of the HAPPIEST Days of My Life” “Most of them know exactly what they're doing, and they deserve to be PUNISHED for it through unemployment.” “They're done.” Is legacy media the place to go for breaking news? No, social media does it better. How about analysis or entertainment? “Well, they're not entertaining. They're preachy and screechy and just absolutely awful,” says Tucker. “And their analysis is stale.” “I just couldn't have more contempt [for legacy media]. And it's the contempt bred from familiarity. It's not like I'm guessing at this. I spent my life with these people ... and I just despise them. I have no respect at all.”

The Vigilant Fox 🦊

1,405,195 görüntüleme • 2 yıl önce