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"Robinhood appears to be doing what PayPal probably should have done, which is take every single user they can get their hands on and offer them USDG" Austin Campbell on why USDG with Robinhood is a test case the stablecoin space hasn't seen "USDG is going to be a...

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Laura Shin

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19,547 görüntüleme • 2 ay önce •via X (Twitter)

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Robinhood already has the audience Ansem views Robinhood's existing user base as the key variable behind the chain's potential. "If they figure out a way for the Robinhood app users to be more active on the Robinhood chain..." "They have like the same amount of user base and they're also degens." "The Robinhood people made a ton of money on Dogecoin." Coinbase had a massive distribution advantage through its main app, yet Base required a separate effort to turn that audience into active onchain users. Robinhood starts with a user base already familiar with trading and speculation. Its retail audience also experienced one of crypto's biggest meme cycles through Dogecoin, creating an existing connection between the platform and onchain style trading. If Robinhood can convert that existing trading behavior into activity on its own chain, the network could gain a powerful distribution advantage from day one. The chain already has access to the audience. The real opportunity is turning that audience into onchain users. w/ Ansem 🐂🀄️
0:31

Robinhood already has the audience Ansem views Robinhood's existing user base as the key variable behind the chain's potential. "If they figure out a way for the Robinhood app users to be more active on the Robinhood chain..." "They have like the same amount of user base and they're also degens." "The Robinhood people made a ton of money on Dogecoin." Coinbase had a massive distribution advantage through its main app, yet Base required a separate effort to turn that audience into active onchain users. Robinhood starts with a user base already familiar with trading and speculation. Its retail audience also experienced one of crypto's biggest meme cycles through Dogecoin, creating an existing connection between the platform and onchain style trading. If Robinhood can convert that existing trading behavior into activity on its own chain, the network could gain a powerful distribution advantage from day one. The chain already has access to the audience. The real opportunity is turning that audience into onchain users. w/ Ansem 🐂🀄️

Kaiz 🐂🀄️

24,658 görüntüleme • 1 ay önce

MiCA forced Revolut to delist Tether, and now it's filling that gap with its own euro stablecoin "Revolut joins the global stablecoin race with a euro backed token. Because of MiCA regulation around the European Union, Revolut was basically forced to delist Tether. They have USDC taking a huge percentage of their gains, and they have this massive gap from Tether." "So what they can do is launch their own euro backed stablecoin and try to use that internally for their customers." "To give credit to Austin, who I discussed this with this morning, nobody wants euros anywhere outside of Europe, and they don't really want them there either, they're just forced to use them." "So it's not like this is going to compete with dollar backed stablecoins. But it is a private company and neobank launching a stablecoin for their customers."
0:56

MiCA forced Revolut to delist Tether, and now it's filling that gap with its own euro stablecoin "Revolut joins the global stablecoin race with a euro backed token. Because of MiCA regulation around the European Union, Revolut was basically forced to delist Tether. They have USDC taking a huge percentage of their gains, and they have this massive gap from Tether." "So what they can do is launch their own euro backed stablecoin and try to use that internally for their customers." "To give credit to Austin, who I discussed this with this morning, nobody wants euros anywhere outside of Europe, and they don't really want them there either, they're just forced to use them." "So it's not like this is going to compete with dollar backed stablecoins. But it is a private company and neobank launching a stablecoin for their customers."

The Wolf Of All Streets

35,784 görüntüleme • 1 ay önce

Robinhood Chain could become the next billion-dollar meme ecosystem. The reason is simple Every successful ecosystem in crypto was never built around a single meme coin pumping. It was built around the users, attention, and ecosystem effects that memes created. $BRETT once reached a $2B market cap and became one of the most iconic memes in the Base ecosystem. It helped Base attract massive attention, users, and liquidity. Solana followed a similar path. Over the past few years, meme coins became one of Solana’s strongest user acquisition channels. further proved that speculation can be transformed into massive on-chain user growth. Almost every successful ecosystem has gone through a meme-driven growth phase. And Robinhood Chain happens to have several unique advantages: First, it has Robinhood’s distribution power with tens of millions of traditional finance users. Second, Robinhood is building around RWA and tokenized stocks, which requires bringing more users on-chain. Third, memes could become the lowest-friction entry point connecting traditional finance users with the crypto world. Robinhood’s CEO said: “While we’re building Robinhood Chain to be the best chain for RWA… it works great for memes too.” Many people see this as just a casual comment. But I think it reveals Robinhood’s deeper product strategy. Because RWA is unlikely to be the reason users enter crypto for the first time. Very few people will download a wallet and learn how bridges work just to buy a tokenized stock. But a viral meme can become the first interaction that brings users on-chain. Once users enter the ecosystem, they can gradually explore stablecoins, RWA, tokenized stocks, and other on-chain products. If Robinhood can replicate the Base and Solana playbook, Robinhood Chain could become the catalyst for the next major meme wave in crypto.
0:22

Robinhood Chain could become the next billion-dollar meme ecosystem. The reason is simple Every successful ecosystem in crypto was never built around a single meme coin pumping. It was built around the users, attention, and ecosystem effects that memes created. $BRETT once reached a $2B market cap and became one of the most iconic memes in the Base ecosystem. It helped Base attract massive attention, users, and liquidity. Solana followed a similar path. Over the past few years, meme coins became one of Solana’s strongest user acquisition channels. further proved that speculation can be transformed into massive on-chain user growth. Almost every successful ecosystem has gone through a meme-driven growth phase. And Robinhood Chain happens to have several unique advantages: First, it has Robinhood’s distribution power with tens of millions of traditional finance users. Second, Robinhood is building around RWA and tokenized stocks, which requires bringing more users on-chain. Third, memes could become the lowest-friction entry point connecting traditional finance users with the crypto world. Robinhood’s CEO said: “While we’re building Robinhood Chain to be the best chain for RWA… it works great for memes too.” Many people see this as just a casual comment. But I think it reveals Robinhood’s deeper product strategy. Because RWA is unlikely to be the reason users enter crypto for the first time. Very few people will download a wallet and learn how bridges work just to buy a tokenized stock. But a viral meme can become the first interaction that brings users on-chain. Once users enter the ecosystem, they can gradually explore stablecoins, RWA, tokenized stocks, and other on-chain products. If Robinhood can replicate the Base and Solana playbook, Robinhood Chain could become the catalyst for the next major meme wave in crypto.

Shawn

61,546 görüntüleme • 2 ay önce

Naval Ravikant’s checklist for starting a company “The most important thing is there are no formulas. At the end of the day, you have to do what you love, and you have to do it even though people tell you it’ll never work. But that being said, if there was a formula [for starting a company], I would put it something like this.” Naval started seven companies before AngelList and this is the checklist he recommends running through before starting a startup: 1. Pick a great cofounder. This is most important: “You can do a company on your own, but it’s like you can raise a child on your own, but you probably shouldn’t. You need someone who’s going to be there with you.” This has it’s own checklist. Your cofounder should be: a. Very high intelligence (”hopefully they make you feel dumb, or they’re not smart enough”) b. Very high energy (”They should be extremely hardworking. A founder is someone who never has to be motivated. You should not have to be telling them to do their job.”) c. Very high integrity. (”a smart, hardworking crook who’s going to cheat you is the worst kind of person to be paired up with.”) 2. Pick a very large market. “Notice I don’t talk about the idea. I think ideas are almost irrelevant… The more important thing is that you pick a large space that you’re knowledgeable and passionate about. And then you will figure out what the right thing to do within that space is.” You want to be able to say to investors: “This is a space where there’s a huge market. I’m really knowledgeable and passionate about it. Here’s the great person that I have doing it with me. And here’s the minimum viable product that we have built. That will show that we can test in the marketplace… You iterate until you get to product/market fit… And then you go and you raise money from people you trust. And you use that money to scale.”
2:44

Naval Ravikant’s checklist for starting a company “The most important thing is there are no formulas. At the end of the day, you have to do what you love, and you have to do it even though people tell you it’ll never work. But that being said, if there was a formula [for starting a company], I would put it something like this.” Naval started seven companies before AngelList and this is the checklist he recommends running through before starting a startup: 1. Pick a great cofounder. This is most important: “You can do a company on your own, but it’s like you can raise a child on your own, but you probably shouldn’t. You need someone who’s going to be there with you.” This has it’s own checklist. Your cofounder should be: a. Very high intelligence (”hopefully they make you feel dumb, or they’re not smart enough”) b. Very high energy (”They should be extremely hardworking. A founder is someone who never has to be motivated. You should not have to be telling them to do their job.”) c. Very high integrity. (”a smart, hardworking crook who’s going to cheat you is the worst kind of person to be paired up with.”) 2. Pick a very large market. “Notice I don’t talk about the idea. I think ideas are almost irrelevant… The more important thing is that you pick a large space that you’re knowledgeable and passionate about. And then you will figure out what the right thing to do within that space is.” You want to be able to say to investors: “This is a space where there’s a huge market. I’m really knowledgeable and passionate about it. Here’s the great person that I have doing it with me. And here’s the minimum viable product that we have built. That will show that we can test in the marketplace… You iterate until you get to product/market fit… And then you go and you raise money from people you trust. And you use that money to scale.”

Startup Archive

36,050 görüntüleme • 1 yıl önce

EXCLUSIVE: Robinhood is going to pay 7% on dollars to 27.7 million customers. In this Interview Johann Kerbrat, their SVP of Crypto explains how it all works. Robinhood Earn lives inside the main investing app. You can buy the USDG stablecoin in a few taps, and it gets deployed into vaults built with Morpho and Steakhouse, and the target yield is roughly 7%. Where does 7% come from? Market makers and liquidity providers pay it. These are traders who need USDG liquidity to run spot and perps trading. Your deposit is funding someone else's 50x leverage, and you're the one getting paid for it. Assuming you get paid back. Which, as we've seen, doesn't always work in DeFi with hacks and smart contract risk. But Robinhood has done something extra to make this retail-grade. Robinhood's answer is an insurance program with Lloyd's of London and Relm covering smart contract and vault failure. He says it's one of the largest ever built for a crypto product. Earn was one of 12 announcements; some others that caught my eye: Stock tokens in 120+ countries, backed 1:1 by real equities. You can withdraw them to a self-custody wallet and post them as collateral. Borrowing against a stock portfolio used to be a private banking perk; now it's a smart contract. Robinhood Chain went to public mainnet after 200 million transactions on testnet. Perps on stocks, crypto, and commodities at 20 to 50x leverage, bringing an entire new asset class to the mainstream. Robinhood is all in on DeFi. DeFi protocols spent a decade fighting for users. Robinhood just made a Morpho vault look like a savings account, in front of 27.7m funded customers. See the 15-minute highlights below and the full episode on the Tokenized Podcast youtube channel Full interview with Johann on bryton k. YouTube
12:25

EXCLUSIVE: Robinhood is going to pay 7% on dollars to 27.7 million customers. In this Interview Johann Kerbrat, their SVP of Crypto explains how it all works. Robinhood Earn lives inside the main investing app. You can buy the USDG stablecoin in a few taps, and it gets deployed into vaults built with Morpho and Steakhouse, and the target yield is roughly 7%. Where does 7% come from? Market makers and liquidity providers pay it. These are traders who need USDG liquidity to run spot and perps trading. Your deposit is funding someone else's 50x leverage, and you're the one getting paid for it. Assuming you get paid back. Which, as we've seen, doesn't always work in DeFi with hacks and smart contract risk. But Robinhood has done something extra to make this retail-grade. Robinhood's answer is an insurance program with Lloyd's of London and Relm covering smart contract and vault failure. He says it's one of the largest ever built for a crypto product. Earn was one of 12 announcements; some others that caught my eye: Stock tokens in 120+ countries, backed 1:1 by real equities. You can withdraw them to a self-custody wallet and post them as collateral. Borrowing against a stock portfolio used to be a private banking perk; now it's a smart contract. Robinhood Chain went to public mainnet after 200 million transactions on testnet. Perps on stocks, crypto, and commodities at 20 to 50x leverage, bringing an entire new asset class to the mainstream. Robinhood is all in on DeFi. DeFi protocols spent a decade fighting for users. Robinhood just made a Morpho vault look like a savings account, in front of 27.7m funded customers. See the 15-minute highlights below and the full episode on the Tokenized Podcast youtube channel Full interview with Johann on bryton k. YouTube

Simon Taylor

350,431 görüntüleme • 3 ay önce

The founders of Stripe and Pinterest on how to convince people to join your startup Stripe CEO Patrick Collison argues that part of the reason startups resonate so much is because the outcome is not guaranteed: "If it were guaranteed, it would be boring... Whether or not you're the best person in the world at what you do, you're probably not going to alter Google's trajectory. But if you really want to benchmark yourself and see how much of a contribution and impact you can make--which is a really compelling prospect for a lot of the best people--a startup is a much better place to test that." Pinterest founder Ben Silbermann emphasized this as well: "No smart person that you're hiring is under the illusion that you have a crystal ball into the future and that joining is a guaranteed thing. In fact, if you're telling them that and they select in, you shouldn't hire them because they didn't pass a basic intelligence test. I think it's important to tell them what's exciting and where you think the company can go. But also tell them where it will be hard and chart your best plan. And then tell them why their role can be instrumental--because it will be... What I would discourage doing is whitewashing all of that. If people are joining your company because they want all of the certainty and safety of working at Google but also the perks of working at a small startup with lots of responsibility and transparency, that's a really negative sign." Apparently in the early days of PayPal, Peter Thiel and Max Levchin would tell people after they interviewed all the reasons that the company would fail: "Visa and MasterCard want to kill us. We also might be doing something that's illegal. But if we succeed, we'll redefine payments." Don't whitewash the risks. Instead tell them how your startup will change the world if you succeed and how their role will be instrumental in affecting that change. Video source: Y Combinator (2014)
3:25

The founders of Stripe and Pinterest on how to convince people to join your startup Stripe CEO Patrick Collison argues that part of the reason startups resonate so much is because the outcome is not guaranteed: "If it were guaranteed, it would be boring... Whether or not you're the best person in the world at what you do, you're probably not going to alter Google's trajectory. But if you really want to benchmark yourself and see how much of a contribution and impact you can make--which is a really compelling prospect for a lot of the best people--a startup is a much better place to test that." Pinterest founder Ben Silbermann emphasized this as well: "No smart person that you're hiring is under the illusion that you have a crystal ball into the future and that joining is a guaranteed thing. In fact, if you're telling them that and they select in, you shouldn't hire them because they didn't pass a basic intelligence test. I think it's important to tell them what's exciting and where you think the company can go. But also tell them where it will be hard and chart your best plan. And then tell them why their role can be instrumental--because it will be... What I would discourage doing is whitewashing all of that. If people are joining your company because they want all of the certainty and safety of working at Google but also the perks of working at a small startup with lots of responsibility and transparency, that's a really negative sign." Apparently in the early days of PayPal, Peter Thiel and Max Levchin would tell people after they interviewed all the reasons that the company would fail: "Visa and MasterCard want to kill us. We also might be doing something that's illegal. But if we succeed, we'll redefine payments." Don't whitewash the risks. Instead tell them how your startup will change the world if you succeed and how their role will be instrumental in affecting that change. Video source: Y Combinator (2014)

Startup Archive

11,811 görüntüleme • 10 ay önce

Chamath: "Nvidia is not doing what's in the best interest of the United States." 🇺🇸🇨🇳 "I think we can all do the math. About 47% of all of NVIDIA's revenue goes to China and Chinese-related countries." "And I think when you peel back this onion, what you will find is a whole raft of companies that were stood up to buy these Nvidia GPUs to essentially act as a waystation for China." "And I think that is the big problem." "Let's have a thought starter: if 47% of all of the AI capability and horsepower is being shipped to three Asian countries, where do you think the apps that require that amount of horsepower live?" "Is there a Cursor of Bhutan that we did not know? Is there a great shopping app in Cambodia that's come out of nowhere, that's AI powered?" "I think the answer is no." "Every single time we have an advance in the United States, how is it that Alibaba shows up with something incredible? DeepSeek shows up with something better?" "At every turn and at every step of AI, they are at the same rate or one step ahead." "To be honest with you, I think the real problem that we have is that Nvidia is not doing what is in the best interest of the United States." "You have a American company that has been working around the guidelines at every turn to try to land silicon into the hands of China." "Late last year, they introduced this thing called the H20 that was explicitly designed for China and to be compliant with US rules at the time." "Which again, gives these guys substantial performance." "This is a case where (Nvidia) has plausible deniability. I sell something to a Singaporean registered company? Plausible deniability." "What am I supposed to do? You can't expect me to audit it. I think that's what NVIDIA's answer will be to this question." "But what is the real expectation? At a minimum, the United States should have a mechanism to understand it." "It is implausible that if you did one or two layers of work, you would not find that most of this traffic is being used by Chinese organizations."
1:53

Chamath: "Nvidia is not doing what's in the best interest of the United States." 🇺🇸🇨🇳 "I think we can all do the math. About 47% of all of NVIDIA's revenue goes to China and Chinese-related countries." "And I think when you peel back this onion, what you will find is a whole raft of companies that were stood up to buy these Nvidia GPUs to essentially act as a waystation for China." "And I think that is the big problem." "Let's have a thought starter: if 47% of all of the AI capability and horsepower is being shipped to three Asian countries, where do you think the apps that require that amount of horsepower live?" "Is there a Cursor of Bhutan that we did not know? Is there a great shopping app in Cambodia that's come out of nowhere, that's AI powered?" "I think the answer is no." "Every single time we have an advance in the United States, how is it that Alibaba shows up with something incredible? DeepSeek shows up with something better?" "At every turn and at every step of AI, they are at the same rate or one step ahead." "To be honest with you, I think the real problem that we have is that Nvidia is not doing what is in the best interest of the United States." "You have a American company that has been working around the guidelines at every turn to try to land silicon into the hands of China." "Late last year, they introduced this thing called the H20 that was explicitly designed for China and to be compliant with US rules at the time." "Which again, gives these guys substantial performance." "This is a case where (Nvidia) has plausible deniability. I sell something to a Singaporean registered company? Plausible deniability." "What am I supposed to do? You can't expect me to audit it. I think that's what NVIDIA's answer will be to this question." "But what is the real expectation? At a minimum, the United States should have a mechanism to understand it." "It is implausible that if you did one or two layers of work, you would not find that most of this traffic is being used by Chinese organizations."

The All-In Podcast

910,450 görüntüleme • 1 yıl önce

"PYUSD has been a failure from a distribution perspective because PayPal didn't choose to make it succeed" Austin Campbell on how PayPal squandered its stablecoin advantage "You have a platform where you're holding an immense amount of user funds, you have them on your legacy ledger, and had you embraced stablecoins, you could have had the second or third largest stablecoin overnight by actually embracing them, and they refused to do so" "The other interesting part is that until recently, which is when you started to see some degree of growth in PYUSD, they were only offering it to the people who least needed PYUSD, which was in the United States and at relatively small values"
0:40

"PYUSD has been a failure from a distribution perspective because PayPal didn't choose to make it succeed" Austin Campbell on how PayPal squandered its stablecoin advantage "You have a platform where you're holding an immense amount of user funds, you have them on your legacy ledger, and had you embraced stablecoins, you could have had the second or third largest stablecoin overnight by actually embracing them, and they refused to do so" "The other interesting part is that until recently, which is when you started to see some degree of growth in PYUSD, they were only offering it to the people who least needed PYUSD, which was in the United States and at relatively small values"

Laura Shin

19,433 görüntüleme • 2 ay önce

"It's a bit ridiculous that we are blocking it on this idea that stablecoins should not generate yield for customers" Johann Kerbrat, SVP and GM of International and Crypto at Robinhood, on the stablecoin yield fight holding up the Clarity Act "I think this Clarity Act is really important. A lot of customers want the FDIC insurance, they want to be able to think that their money is safe, so they're already using their banking accounts. They're not trying to get the highest yield possible, otherwise they would use a feature like the one we launched" "At the end of the day we are penalizing people that want to utilize crypto and blockchain technology, because for stablecoins it's a lot easier to send, a lot easier to transfer 24/7" "It's not really fair that we are penalizing those customers"
0:39

"It's a bit ridiculous that we are blocking it on this idea that stablecoins should not generate yield for customers" Johann Kerbrat, SVP and GM of International and Crypto at Robinhood, on the stablecoin yield fight holding up the Clarity Act "I think this Clarity Act is really important. A lot of customers want the FDIC insurance, they want to be able to think that their money is safe, so they're already using their banking accounts. They're not trying to get the highest yield possible, otherwise they would use a feature like the one we launched" "At the end of the day we are penalizing people that want to utilize crypto and blockchain technology, because for stablecoins it's a lot easier to send, a lot easier to transfer 24/7" "It's not really fair that we are penalizing those customers"

The Wolf Of All Streets

36,490 görüntüleme • 2 ay önce

Q: What's the secret to building a great product that grows really fast? Paul Graham explains that the secret to growing really fast is to: "start with a small, intense fire." He uses Apple as an example. They started by selling just 500 Apple I computers. Today Apple is the largest company in the world. It's impossible to make something that a large number of people really want when you're just starting out. So you have to find people who want what you're building A LOT. And that's necessarily going to be a small number at first. But that's ok because that's how almost every giant company gets started. PG continues: "You have to know who those first users are and how you're going to get them. Then you're going to sit down and just have a party with those first few users and focus entirely on them and making them super super happy." Another example he draws upon is a startup in a Y Combinator batch making a new mobile email client. Their beta group had one user: Sam Altman. This startup's goal was to just make Sam happy. Sam uses email a lot on the go, knows all of the other email client options, and is super demanding. So they know that if they build a product that makes Sam happy, odds are it will make lots of other people happy too. "One of the things we tell startups in these extreme cases where they can make just one user happy is to act like a consultant. Act like Sam has hired you to make an email app just for him. All you have to do is make Sam happy--it can say 'Sam Altman' at the top of the screen. That's ok! Just so long as Sam would feel bummed if you stopped working on it. That's the test." Ultimately the secret to building a great product that grows really fast is to build something a small group of people love so much that they'd be really disappointed if you stopped working on it. There's lots of important steps to get right after this, but this is the foundation for growth. It's somewhat counterintuitive, but most of the world's largest companies (e.g. Apple, Facebook, etc.) started by building a product that made a small group of people really happy.
2:29

Q: What's the secret to building a great product that grows really fast? Paul Graham explains that the secret to growing really fast is to: "start with a small, intense fire." He uses Apple as an example. They started by selling just 500 Apple I computers. Today Apple is the largest company in the world. It's impossible to make something that a large number of people really want when you're just starting out. So you have to find people who want what you're building A LOT. And that's necessarily going to be a small number at first. But that's ok because that's how almost every giant company gets started. PG continues: "You have to know who those first users are and how you're going to get them. Then you're going to sit down and just have a party with those first few users and focus entirely on them and making them super super happy." Another example he draws upon is a startup in a Y Combinator batch making a new mobile email client. Their beta group had one user: Sam Altman. This startup's goal was to just make Sam happy. Sam uses email a lot on the go, knows all of the other email client options, and is super demanding. So they know that if they build a product that makes Sam happy, odds are it will make lots of other people happy too. "One of the things we tell startups in these extreme cases where they can make just one user happy is to act like a consultant. Act like Sam has hired you to make an email app just for him. All you have to do is make Sam happy--it can say 'Sam Altman' at the top of the screen. That's ok! Just so long as Sam would feel bummed if you stopped working on it. That's the test." Ultimately the secret to building a great product that grows really fast is to build something a small group of people love so much that they'd be really disappointed if you stopped working on it. There's lots of important steps to get right after this, but this is the foundation for growth. It's somewhat counterintuitive, but most of the world's largest companies (e.g. Apple, Facebook, etc.) started by building a product that made a small group of people really happy.

Michael McGuiness

890,721 görüntüleme • 3 yıl önce

This narrative that Palantir $PLTR and Robinhood $HOOD are meme stocks is absolute nonsense and needs to stop. Memestocks are companies that are being hyped up by investors that have zero fundamental reason to gain their appreciation in value. While it can be subjective over how to think of what constitutes a meme, the idea of comparing the company that deploys software on the battlefield to defend the warfighter or the company that has increased their assets under custody to 1/4th of a TRILLION in less than a year is just ridiculous. Palantir and Robinhood are led by two exceptional founders. Both have executed at a level that has realistically not been seen in the public markets EVER and cultivated an audience of retail investors that saw the potential, believed in them when the world didn't, and continue to see their growth trajectories as exponential. Now, you can absolutely disagree with the market's valuation of these two companies. I think that is a reasonable debate. However, to categorize their aggressive premiums as just filled with memes COMPLETELY discounts why the street is willing to pay a multiple and if you're best argument is valuation, please tell me why $COST Costco deserves a 50 P/E or why $NFLX Netflix, as incredible as it is, deserves to have a premium that is more than triple of $GOOGLon a P/E basis. The point is valuations are debatable but what is not debatable is the level of focus, dedication, and execution $PLTR and $HOOD have shown the public markets. Discounting them as memestocks just makes it seem like you'd rather ignore their execution vs. understand why the markets have given them their multiples.
1:28

This narrative that Palantir $PLTR and Robinhood $HOOD are meme stocks is absolute nonsense and needs to stop. Memestocks are companies that are being hyped up by investors that have zero fundamental reason to gain their appreciation in value. While it can be subjective over how to think of what constitutes a meme, the idea of comparing the company that deploys software on the battlefield to defend the warfighter or the company that has increased their assets under custody to 1/4th of a TRILLION in less than a year is just ridiculous. Palantir and Robinhood are led by two exceptional founders. Both have executed at a level that has realistically not been seen in the public markets EVER and cultivated an audience of retail investors that saw the potential, believed in them when the world didn't, and continue to see their growth trajectories as exponential. Now, you can absolutely disagree with the market's valuation of these two companies. I think that is a reasonable debate. However, to categorize their aggressive premiums as just filled with memes COMPLETELY discounts why the street is willing to pay a multiple and if you're best argument is valuation, please tell me why $COST Costco deserves a 50 P/E or why $NFLX Netflix, as incredible as it is, deserves to have a premium that is more than triple of $GOOGLon a P/E basis. The point is valuations are debatable but what is not debatable is the level of focus, dedication, and execution $PLTR and $HOOD have shown the public markets. Discounting them as memestocks just makes it seem like you'd rather ignore their execution vs. understand why the markets have given them their multiples.

amit

134,791 görüntüleme • 1 yıl önce

"It's a sign that crypto actually built infrastructure that works. But is it bullish for the projects and tokens involved? I'm not sure it is" Joshua Frank on what Robinhood building on Arbitrum really means for crypto "There's a reason Robinhood is choosing to do this onchain. They can go 24/7, low fee trading for their customers. But Robinhood is operating all the sequencers behind the scenes. It's their chain, they're controlling everything. It's not like Arbitrum is being used for transactions of any sort" "As we saw with Base and Optimism, loyalty is not necessarily a real thing. But obviously they saw something in Arbitrum's technology they liked, so maybe that's bullish broadly for Arbitrum" "The reality is it probably creates more demand for trading tokenized equities 24/7. Maybe dYdX or other platforms offering that are able to generate fees back to token holders. A few years ago the crypto market would have reacted and ARB would have been up 70% on the day. But this is just a picks and shovels kind of play"
1:47

"It's a sign that crypto actually built infrastructure that works. But is it bullish for the projects and tokens involved? I'm not sure it is" Joshua Frank on what Robinhood building on Arbitrum really means for crypto "There's a reason Robinhood is choosing to do this onchain. They can go 24/7, low fee trading for their customers. But Robinhood is operating all the sequencers behind the scenes. It's their chain, they're controlling everything. It's not like Arbitrum is being used for transactions of any sort" "As we saw with Base and Optimism, loyalty is not necessarily a real thing. But obviously they saw something in Arbitrum's technology they liked, so maybe that's bullish broadly for Arbitrum" "The reality is it probably creates more demand for trading tokenized equities 24/7. Maybe dYdX or other platforms offering that are able to generate fees back to token holders. A few years ago the crypto market would have reacted and ARB would have been up 70% on the day. But this is just a picks and shovels kind of play"

The Wolf Of All Streets

31,562 görüntüleme • 3 ay önce

Dan Tapiero says Coinbase could be a generational company like Amazon or Microsoft "Coinbase has really established itself as the preeminent company in the space now. I wouldn't have said that five years ago. The joke used to be, market's going up 5%, Coinbase down, Coinbase is frozen" "The reality is they have become a juggernaut in the space. Our investors own it in significant size as a result of the Deribit purchase" "I think it's a generational type of company. It could be like an Amazon or a Microsoft"
0:40

Dan Tapiero says Coinbase could be a generational company like Amazon or Microsoft "Coinbase has really established itself as the preeminent company in the space now. I wouldn't have said that five years ago. The joke used to be, market's going up 5%, Coinbase down, Coinbase is frozen" "The reality is they have become a juggernaut in the space. Our investors own it in significant size as a result of the Deribit purchase" "I think it's a generational type of company. It could be like an Amazon or a Microsoft"

The Wolf Of All Streets

37,105 görüntüleme • 4 ay önce

Sam Altman thinks OpenAI should be a platform, not a product company: "What I think most people want is the single interface to their own personal or their company's AGI that can kinda help them with whatever they need, and then the ability with an API to build anything they want on top of it." "That is the platform that we should offer to the world." "I don't think we should go build every product category. I don't think we should go try to compete with all of our customers. I don't think we should try to subsume the entire economy." "I think we should offer this platform and try to have a hundred million new businesses and eight billion people use it in all kinds of new ways." "So one kind of direct interface to the product, one API for people to use however they want. Those eventually come more and more together too, and then it's all about what people do with it, build on top of it." Sam Altman w/ David Senra
1:45

Sam Altman thinks OpenAI should be a platform, not a product company: "What I think most people want is the single interface to their own personal or their company's AGI that can kinda help them with whatever they need, and then the ability with an API to build anything they want on top of it." "That is the platform that we should offer to the world." "I don't think we should go build every product category. I don't think we should go try to compete with all of our customers. I don't think we should try to subsume the entire economy." "I think we should offer this platform and try to have a hundred million new businesses and eight billion people use it in all kinds of new ways." "So one kind of direct interface to the product, one API for people to use however they want. Those eventually come more and more together too, and then it's all about what people do with it, build on top of it." Sam Altman w/ David Senra

a16z

61,705 görüntüleme • 8 gün önce

Ansem explains why Robinhood Chain is a net positive for crypto "I think it's net positive for somebody as big as Vlad, and a product as big as Robinhood, to be bullish on crypto and active onchain" "They've done some things poorly in the past but i'm generally bullish on Robinhood Chain" "They have huge distribution with their CEX. Hopefully they're more successful than Coinbase has been at getting all those people onchain" "It's CT-native capital that drives the early flows in crypto. It's not the 100 million retail customers that drives the first move, it's CT. We're the ones who determine which trends happen, because we're the ones with the most capital onchain"
1:18

Ansem explains why Robinhood Chain is a net positive for crypto "I think it's net positive for somebody as big as Vlad, and a product as big as Robinhood, to be bullish on crypto and active onchain" "They've done some things poorly in the past but i'm generally bullish on Robinhood Chain" "They have huge distribution with their CEX. Hopefully they're more successful than Coinbase has been at getting all those people onchain" "It's CT-native capital that drives the early flows in crypto. It's not the 100 million retail customers that drives the first move, it's CT. We're the ones who determine which trends happen, because we're the ones with the most capital onchain"

Market Bubble

29,757 görüntüleme • 2 ay önce

.Kalshi's onshore strategy is really a bet on the 99%. John Wang: “For like the 99% TAM of the world… that is the user set that we should be hunting for.” “The only way to tap into that user set” is to run paid ads, partner with household consumer names, integrate into large brokers and financial institutions, and be on the App Store. “I think it’s really a critical thing to take this onshore regulated approach if you want to tap into that user set.”
3:27

.Kalshi's onshore strategy is really a bet on the 99%. John Wang: “For like the 99% TAM of the world… that is the user set that we should be hunting for.” “The only way to tap into that user set” is to run paid ads, partner with household consumer names, integrate into large brokers and financial institutions, and be on the App Store. “I think it’s really a critical thing to take this onshore regulated approach if you want to tap into that user set.”

Bankless

13,047 görüntüleme • 1 ay önce

$ABCL CEO Carl Hansen explains the net negative overall value creation in biotech and how AbCellera plans to beat it: “I really think it can be beat because there’s a lot of mistakes that get made in where you allocate capital.” “If you’re a biotech and you start a company on a drug, and you go public and have a drug, and now the data is looking not that great, you just keep running that drug. … Because if you quit that drug, the company is done.” “So, because you’re so concentrated on one thing, you end up having blinders. It’s like a cult of a molecule. And even a real, practical, capital access problem that makes you continue to move things forward” ______________________________________ “Another problem is that many of the drugs that get started, get started by people who don’t understand the competitive or commercial landscape and have no intent of ever actually manufacturing it. … Because they know someone else is going to buy it. So then their framework is not ‘Am I making a drug that’s going to make a difference for people?’ The framework is ‘Can I make something that I think someone will take off my hands?’ And that happens a lot.” “There are many acquisitions where a big pharma company spends $10B, $20B, and it’s a complete bust. So really no value is generated for patients but someone was able to get a good exit on that because they anticipated what someone would want. And a lot of decision making gets done like that”. _______________________________________ “I’m not saying that we have this all solved. But what we’re trying to do is create a framework where we are able to take many bets so that we don’t fall in love with anything, or we don’t have to fall in love with anything. … And then always hold up very explicitly what we know and what we don’t know along the dimensions that matter. The dimensions that matter are - Will it work? That’s a science. - When it gets where will people care? - Is it differentiated? - Does it solve a big problem? In order to get it there, is there a path with our resources and expertise that would allow us to see it through?” “When you start to hold things up like that, you start to see where the mistakes are, where the uncertainties are, and you can be more rational in deciding ‘We’re going to run it to here because we get to flip the card and if the card goes the wrong way we’re going to kill it because we’ve got something else behind it.’” “I do think that if done right, and if you can pick the right opportunities, the success rate can be well higher than an order of magnitude better. … And there are examples of this… companies I’ve mentioned, you know, Regeneron, their success rate is at least 10x the industry in bringing programs forward and getting them approved. … So it’s… you can do it better that way”
3:50

$ABCL CEO Carl Hansen explains the net negative overall value creation in biotech and how AbCellera plans to beat it: “I really think it can be beat because there’s a lot of mistakes that get made in where you allocate capital.” “If you’re a biotech and you start a company on a drug, and you go public and have a drug, and now the data is looking not that great, you just keep running that drug. … Because if you quit that drug, the company is done.” “So, because you’re so concentrated on one thing, you end up having blinders. It’s like a cult of a molecule. And even a real, practical, capital access problem that makes you continue to move things forward” ______________________________________ “Another problem is that many of the drugs that get started, get started by people who don’t understand the competitive or commercial landscape and have no intent of ever actually manufacturing it. … Because they know someone else is going to buy it. So then their framework is not ‘Am I making a drug that’s going to make a difference for people?’ The framework is ‘Can I make something that I think someone will take off my hands?’ And that happens a lot.” “There are many acquisitions where a big pharma company spends $10B, $20B, and it’s a complete bust. So really no value is generated for patients but someone was able to get a good exit on that because they anticipated what someone would want. And a lot of decision making gets done like that”. _______________________________________ “I’m not saying that we have this all solved. But what we’re trying to do is create a framework where we are able to take many bets so that we don’t fall in love with anything, or we don’t have to fall in love with anything. … And then always hold up very explicitly what we know and what we don’t know along the dimensions that matter. The dimensions that matter are - Will it work? That’s a science. - When it gets where will people care? - Is it differentiated? - Does it solve a big problem? In order to get it there, is there a path with our resources and expertise that would allow us to see it through?” “When you start to hold things up like that, you start to see where the mistakes are, where the uncertainties are, and you can be more rational in deciding ‘We’re going to run it to here because we get to flip the card and if the card goes the wrong way we’re going to kill it because we’ve got something else behind it.’” “I do think that if done right, and if you can pick the right opportunities, the success rate can be well higher than an order of magnitude better. … And there are examples of this… companies I’ve mentioned, you know, Regeneron, their success rate is at least 10x the industry in bringing programs forward and getting them approved. … So it’s… you can do it better that way”

Jack Prescott

31,665 görüntüleme • 2 ay önce

General Charles Flynn exposes to Lara Logan what China does with the land they purchase in countries “I'm in the country of Asia. We're taking a look, this has been going on for a solid year Aw There are locations that we train in this country routinely. And around those locations, guess who's buying land? China And guess what else they're doing? - They own 90% of a telecommunications company - So on that piece of property, they put up a tower. - And on that tower is, guess what? — A sensor. Surveillance And then what do they do? They own 80% in a media company, and then they have bot farms. What they do with that media company is they push that misinformation and disinformation out to the population. That is a counter West narrative, counter US narrative. That is happening at a scale that's unbelievable out in Asia. It's also happening probably inside our own country.”
0:53

General Charles Flynn exposes to Lara Logan what China does with the land they purchase in countries “I'm in the country of Asia. We're taking a look, this has been going on for a solid year Aw There are locations that we train in this country routinely. And around those locations, guess who's buying land? China And guess what else they're doing? - They own 90% of a telecommunications company - So on that piece of property, they put up a tower. - And on that tower is, guess what? — A sensor. Surveillance And then what do they do? They own 80% in a media company, and then they have bot farms. What they do with that media company is they push that misinformation and disinformation out to the population. That is a counter West narrative, counter US narrative. That is happening at a scale that's unbelievable out in Asia. It's also happening probably inside our own country.”

Wall Street Apes

87,862 görüntüleme • 8 ay önce

$HOOD ROBINHOOD IS GOING AFTER THE ENTIRE FINANCIAL SERVICES ECOSYSTEM. CEO Vlad Tenev yesterday discussed the opportunity to introduce startup investing for Robinhood users. I think it is a FANTASTIC idea and based on how Vlad talks about it below, you can tell he has already put serious thought into this. Essentially, when startup employees want liquidity, they could use a platform like Robinhood to offload their shares to retail investors. Currently, the secondary markets are only available to people who have connections and it's not easy to get shares of Discord, Stripe, OpenAI, Anduril, etc. without having those connections. Yet, there is plenty of liquidity since those employees that have been there since series A may want to take some chips off the table in the series C round. For retail, getting in at series C is still way better than waiting till IPO, so there's a real marketplace that could be created via Robinhood and it would be, in my opinion, one of the LARGEST secondary markets for startup companies on the planet. Vlad says below in the clip, "How is it easier to buy a memecoin than to get allocation to SpaceX?!" $HOOD is simply thinking far beyond everyone else when it comes to innovating and really bringing value to their users with new opportunities for shareholders that can open brand new lines of businesses for Robinhood and continue to diversify the business. Don't. Bet. Against. Vlad.
5:53

$HOOD ROBINHOOD IS GOING AFTER THE ENTIRE FINANCIAL SERVICES ECOSYSTEM. CEO Vlad Tenev yesterday discussed the opportunity to introduce startup investing for Robinhood users. I think it is a FANTASTIC idea and based on how Vlad talks about it below, you can tell he has already put serious thought into this. Essentially, when startup employees want liquidity, they could use a platform like Robinhood to offload their shares to retail investors. Currently, the secondary markets are only available to people who have connections and it's not easy to get shares of Discord, Stripe, OpenAI, Anduril, etc. without having those connections. Yet, there is plenty of liquidity since those employees that have been there since series A may want to take some chips off the table in the series C round. For retail, getting in at series C is still way better than waiting till IPO, so there's a real marketplace that could be created via Robinhood and it would be, in my opinion, one of the LARGEST secondary markets for startup companies on the planet. Vlad says below in the clip, "How is it easier to buy a memecoin than to get allocation to SpaceX?!" $HOOD is simply thinking far beyond everyone else when it comes to innovating and really bringing value to their users with new opportunities for shareholders that can open brand new lines of businesses for Robinhood and continue to diversify the business. Don't. Bet. Against. Vlad.

amit

217,557 görüntüleme • 1 yıl önce