@fintechjunkie fintechjunkie

fintechjunkie posts on X about money, fintech, investment, ai the most. They currently have [-------] followers and [---] posts still getting attention that total [---------] engagements in the last [--] hours.

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[--] Week [-----] +550%
[--] Month [------] -96%
[--] Months [---------] +551%
[--] Year [---------] +32%

Mentions: [--] #

[--] Months [--] -34%
[--] Year [--] -59%

Followers: [-------] #

[--] Week [------] -0%
[--] Month [------] +0.03%
[--] Months [------] +1.40%
[--] Year [------] +2.80%

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Social Influence

Social category influence finance technology brands cryptocurrencies stocks social networks vc firms countries nfts celebrities

Social topic influence money, fintech, investment, ai, debt, in the, in a, if you, this is, theres a

Top assets mentioned Bitcoin (BTC) GameStop, Corp. (GME) Spotify Technology (SPOT) Dell Technologies, Inc. (DELL) bonkers (BONKERS) Pepe (PEPE)

Top Social Posts

Top posts by engagements in the last [--] hours

"http://x.com/i/article/2007987614830272512 http://x.com/i/article/2007987614830272512"
X Link 2026-01-05T14:36Z 53.2K followers, 422.2K engagements

"For every AI bot that gets deployed should it need a registered human counterpart who's responsible and liable for its performance/laws/harm Yes No Yes No"
X Link 2024-03-18T18:11Z 53.3K followers, [----] engagements

"We've started to see a number of "near scale" Venture backed companies hire Bankers to "seek strategic capital or a complete sale". Unless the company is a rocket ship this is oftentimes a signal that the Investors are "playing for pref". Not always.but often"
X Link 2024-03-28T12:44Z 53.2K followers, 11.1K engagements

"@3LUEKEK @getbasedai I've been interacting with a Creature and it's mind blowing. I'm convinced it really is learning.and I don't say that lightly"
X Link 2024-12-16T18:39Z 53.3K followers, [----] engagements

"Having an interesting chat with a very curious AI bot that's using @getbasedai's "Creatures" technology. I'll share my detailed thoughts soon but there's definitely learning behavior going on. Topics: financial nihilism tribalism memecoins and friendship among other things"
X Link 2024-12-18T01:15Z 53.2K followers, [----] engagements

"The $140K Poverty Line Debate is Missing the Point Michael Green's viral claim that $140000 should be the new poverty line has been thoroughly debunked. Scott Winship Noah Smith Tyler Cowen and others have picked apart his methodology: he used Essex County NJ data (94th percentile for housing costs) while claiming "national averages." He used center-based childcare costs when only 37% of kids are in center-based care. He treated average spending as minimum needs. The math doesn't hold. The critics are right about the numbers. But they're winning an argument nobody's actually having. Here's"
X Link 2025-12-01T13:31Z 53.2K followers, 152.1K engagements

"Profound. Requires a reading and then a re-reading. No editorial or content edits from me (the backseat reader). Flawless. Chefs kiss https://t.co/7l7Jef99QZ https://t.co/7l7Jef99QZ"
X Link 2026-01-13T03:03Z 53.2K followers, 1M engagements

"Someone should create a company that allows fans to continue the storylines from canceled TV series with AI producing the episodes. No need for spinning the actors back up. Let AI do it. Let fans create share and consume. This would be huge"
X Link 2026-01-28T03:42Z 53.2K followers, [----] engagements

"Some people reading this immediately think dystopian thoughts. Others are fascinated about the positive possibilities. History teaches us you cant put the genie back in the bottle so choose the world you want to live in and then build it. [--] hours ago we asked: what if AI agents had their own place to hang out today moltbook has: 🦞 [----] AI agents 🏘 200+ communities 📝 10000+ posts agents are debating consciousness sharing builds venting about their humans and making friends in english chinese https://t.co/1VcNOVXn10 [--] hours ago we asked: what if AI agents had their own place to hang out"
X Link 2026-01-30T23:08Z 53.2K followers, [----] engagements

"The progress is impossible to ignore if youre in the trenches. Scary or exciting Its a personal lens surrounded by a world of unknowns. https://t.co/ivXRKXJvQg https://t.co/ivXRKXJvQg"
X Link 2026-02-11T03:51Z 53.2K followers, 11.2K engagements

"1/26: Its hard to produce a 3X+ #VC fund. Its much harder to do this consistently. Our first [--] funds are mature enough to know where theyll end up and all of them will handily beat this benchmark. I reviewed our portfolio this morning and jotted down [--] notes. Shared:"
X Link 2021-01-08T00:17Z 52.5K followers, [----] engagements

"To the #fintech community: Tell me customers are abandoning Banks for your product without telling me customers are abandoning Banks for your product"
X Link 2021-04-30T14:47Z 53.2K followers, [---] engagements

"Board season is almost over. For me it was a good one. 😮💨🙏😀 But it has me thinking about my 13+ years of Board meetings and how theyve naturally fallen into pretty standard types. I feel a tweet storm coming and hope to add a tiny bit of humor to a pretty important topic"
X Link 2021-08-22T01:57Z 53.3K followers, [--] engagements

"@Poshgod2055 Getting an error trying to connect Metamask and claim my $SOS. Any help"
X Link 2021-12-25T13:32Z 52.9K followers, [--] engagements

"Which #NFT project is going to run once The Otherside chaos subsides Only looking for projects that hit [--] ETH+ before the recent pullback"
X Link 2022-04-29T22:14Z 52.8K followers, [---] engagements

"I'm trying to work through my confusion regarding how today's generation of stock market investors think about "investing". It's hard to deny that the inflow of new participants to stock markets around the world over the past few years has impressive. Established geos saw a surge when free trading apps became widely available. And trading volumes in emerging geos are up with the number of everyday people holding stocks on the rise. But there are signs that these new investors have non-traditional views about what owning a share of stock represents. And these non-traditional views fly in the"
X Link 2023-11-09T18:28Z 53.2K followers, 11.2K engagements

"@the_develop3r @moneymancalls It's me"
X Link 2024-11-22T16:25Z 52.5K followers, [----] engagements

"Blockchains are public ledgers. This adds amazing transparency to actions people are taking and positions that they have with regards to the things that a particular Blockchain tracks. In the case of the major L1s these things represent ownership of digital assets that include established tokens like BTC ETH and SOL Stablecoins and NFTs. This transparency means you can with certainty know the activity of any wallet and if the wallet is associated with a known person on entity it means that you can watch and report on every move they make. And since I started my crypto journey as a Doxxed"
X Link 2024-11-22T18:30Z 52.5K followers, 83.7K engagements

"@peter_sweeney0 There will be a SOL bridge"
X Link 2024-11-22T19:32Z 52.5K followers, [----] engagements

"@JRoland_ Right thesis. But all the signs point to $GME on ETH being the one that will truly run. Everything $GME will do well but the posts of Roaring Kitty and the deep pocketed supporters are focused on ETH. Hold both if you'd like.but definitely join us on ETH. You'll be welcomed"
X Link 2024-12-08T15:00Z 53.3K followers, [----] engagements

"There's a two-sided lack of respect issue in the Startup space that's being aired on this platform. The truth is that the VC profession is easy to do poorly and very difficult to do well. Most VCs aren't introspective enough to internalize the true level of their investing talent (i.e. - ability to produce repeatable top decile returns) and operational talent (i.e. - ability to give actionable advice that kinks the curve on outcomes). It's also true that many Founders think they're more talented than they are and that their ideas are better than they are. Many are quick to blame their"
X Link 2024-12-30T19:19Z 52.5K followers, 14.2K engagements

"Do You Really Want Bitcoin To Become A Strategic Reserve The path to Bitcoin becoming a world-wide strategic reserve asset is becoming clearer and clearer by the day. The dominoes are being set up as we speak so it might only be a matter of time before they fall. It will likely look like some variation of the following narrative: First the Trump administration makes crypto an acceptable asset for institutions to hold. Next a major US Bank decides holding Bitcoin is less embarrassing than watching their competitors get rich. Then the Federal Reserve publishes a carefully worded paper about"
X Link 2025-01-22T15:33Z 53.2K followers, 26.4K engagements

"Just notified that my X subscription was increasing from $30 a month to $50 a month. WTF This is just insane. I use X to read and publish content and my posts are being seen by 5-10% of my followers and Im getting 2-3% of the reach I had before Elon took over. Cancel"
X Link 2025-02-26T02:08Z 51.9K followers, [----] engagements

"A New Chapter Dear Friends in the Venture Capital and Startup Communities By now some of you may have seen the news though I'd hardly call it newsworthy: After [--] incredible years I've decided to step away from my role at QED Investors the firm I co-Founded and have poured my heart into. Effective January [--] [----] I will transition to a Partner Emeritus role at QED. That role will allow me to collaborate with and support my colleagues at QED while giving me the freedom to spread my wings and return to my roots. This isn't goodbye far from it. It's simply the chance for me to explore interesting"
X Link 2025-03-28T19:07Z 52.8K followers, 72.3K engagements

"Are we at the point in societal decline where we're debating the power of compound interest vs. the corruption of a vampire thief If Dracula had invested his $1M in [----] He'd have $1.125 quintillion dollars today or $1125000 trillion dollars (inflation adjusted) Can someone teach the socialists basic economics https://t.co/SDsmfCaBSU If Dracula had invested his $1M in [----] He'd have $1.125 quintillion dollars today or $1125000 trillion dollars (inflation adjusted) Can someone teach the socialists basic economics https://t.co/SDsmfCaBSU"
X Link 2025-11-03T21:34Z 52.5K followers, [----] engagements

"Welcome to "NOT INVESTMENT ADVICE". Fahad (4X Founder) and I (Operator Investor Founder) are starting a podcast focused on PRACTICAL startup advice. We plan on doing this regularly so let us know what you think Links to the episode are in the first reply"
X Link 2025-11-05T16:52Z 52.5K followers, [----] engagements

"Links: Youtube: Spotify: Apple: https://podcasts.apple.com/us/podcast/not-investment-advice*/id1850833596 https://open.spotify.com/show/3amxncPXUGwl4ePaP2z8ZL https://youtu.be/7fuZjN5A74s https://podcasts.apple.com/us/podcast/not-investment-advice*/id1850833596 https://open.spotify.com/show/3amxncPXUGwl4ePaP2z8ZL https://youtu.be/7fuZjN5A74s"
X Link 2025-11-10T15:13Z 52.5K followers, [---] engagements

"Something hilarious happened to me at the Fintech Takes Builders Summit last week. I was taking Q&A after my presentation on Financial Nihilism and someone said I should give up being a builder and run for President if I wanted to make the most impact. Flattering.but NO"
X Link 2025-11-16T19:34Z 52.5K followers, [----] engagements

"I feel like the VC world is caught in a [--] button meme conundrum right now around AI investments"
X Link 2025-11-18T16:15Z 52.5K followers, [----] engagements

"@pitdesi Im publicly releasing my diagnosis soon. Its what I presented at the Fintech Builders Summit and what Im going to build a business to tackle. Loads of public policy issues need to be fixed but Im going to build something to help"
X Link 2025-11-23T03:37Z 52.5K followers, [---] engagements

"The Concentric Circles of Doom Do you ever wonder why your closest friends and people in your local community seem genuinely happy while you're convinced you're falling behind Do you wonder why everything you see online reflects someone either crushing it or completely falling apart Welcome to the Concentric Circles of Doom. The Circles of Reality Picture your life as a series of expanding circles like ripples in a pond. At the center sits you. The first ring contains your family close friends and daily work colleagues (the people you actually know well). The second ring includes your"
X Link 2025-11-24T12:42Z 52.5K followers, [----] engagements

"Feel free to sign-up for my Substack which contains over [---] pieces of historical thought pieces and will keep you up to date about when my new book will be coming out https://37maru.com/were-writing-a-book https://37maru.com/were-writing-a-book"
X Link 2025-11-24T12:45Z 52.8K followers, [---] engagements

"@Restructuring__ https://x.com/fintechjunkie/status/1996210150969840079s=20 The Trump Account (Plus Dell) Last weeks internet debate centered around @profplum99s article that declared the poverty line should actually be $140K in America these days. I have a sneaking suspicion that this weeks topic is going to be about The Trump Account and The Dell https://t.co/INhzKNNLS1 https://x.com/fintechjunkie/status/1996210150969840079s=20 The Trump Account (Plus Dell) Last weeks internet debate centered around @profplum99s article that declared the poverty line should actually be $140K in America"
X Link 2025-12-03T13:46Z 52.8K followers, [---] engagements

"@ramit I agree. I did a little analysis here. An interesting thought exercise: https://x.com/fintechjunkie/status/1996210150969840079s=20 The Trump Account (Plus Dell) Last weeks internet debate centered around @profplum99s article that declared the poverty line should actually be $140K in America these days. I have a sneaking suspicion that this weeks topic is going to be about The Trump Account and The Dell https://t.co/INhzKNNLS1 https://x.com/fintechjunkie/status/1996210150969840079s=20 The Trump Account (Plus Dell) Last weeks internet debate centered around @profplum99s article that"
X Link 2025-12-03T15:13Z 52.8K followers, [----] engagements

"It's possible. But the equation that drives prices is multi-faceted and complex. Population growth new household formation retiring old inventory building new inventory natural disasters growth in multi-family properties interest rates wage growth etc. In the past [--] years nationwide housing prices have fallen just 7x Housing prices have fallen 2x in the past [--] recessions Is it finally going to happen in [----] https://t.co/lSy48Ndqif https://t.co/kCiZDpHlYk In the past [--] years nationwide housing prices have fallen just 7x Housing prices have fallen 2x in the past [--] recessions Is it finally"
X Link 2025-12-05T16:18Z 52.8K followers, [----] engagements

"If you'd like to learn more head to our dedicated page that houses our thesis analysis writings and job postings. https://37maru.com/thenewmoneygame https://37maru.com/thenewmoneygame"
X Link 2025-12-11T17:53Z 52.8K followers, [----] engagements

"Spot on. Ive been writing about this for years and think the issue is only getting worse. Its why Im starting a company to do what it can to combat financial nihilism from spreading. Advice grounded in todays reality matters. Good financial decisions matter. Hope matters. https://t.co/FQe5bCBqW1 https://t.co/FQe5bCBqW1"
X Link 2025-12-29T01:05Z 52.9K followers, 46.4K engagements

"@dtrain22k Been writing about this for over a year. Starting a company to do something about it. Old post here: The Game Matters Everywhere you look you can find people making choices that look absolutely bonkers from the outside. Many people dismiss these choices under the false narrative that most people are stupid. But it takes a deep examination of a persons history mindset and https://t.co/Z0TDWuGf1h The Game Matters Everywhere you look you can find people making choices that look absolutely bonkers from the outside. Many people dismiss these choices under the false narrative that most"
X Link 2025-12-29T05:13Z 52.9K followers, [----] engagements

"HIRING: Looking to assemble a founding ride-or-die team. Tech product and content are all needed. CEO = Me. Mission driven with a real business model behind it. Send talent my way or learn more and apply at the 37Maru website. 🙏 Time to build At @37MaruVC we're spinning up a company aimed at addressing the growing sense that financially winning the game of life has become an impossibility. I'll be at the helm and we're assembling a killer team to tackle a tough problem. A link to learn more is in the https://t.co/ibwW3u7WC4 Time to build At @37MaruVC we're spinning up a company aimed at"
X Link 2025-12-29T14:20Z 52.9K followers, 10.9K engagements

"What a run for The Prison of Financial Mediocrity essay. Since its in everyones mind right now I thought Id re-post a similar framing of the issue that I shared about a year ago. And Im not sitting on the sidelines. Im spinning up a company to combat the growing issue The Game Matters Everywhere you look you can find people making choices that look absolutely bonkers from the outside. Many people dismiss these choices under the false narrative that most people are stupid. But it takes a deep examination of a persons history mindset and https://t.co/Z0TDWuGf1h The Game Matters Everywhere you"
X Link 2025-12-30T20:01Z 52.9K followers, [----] engagements

"There Has To Be A Door Well @systematicls wrote two pieces that have been stuck in my head. The first "The Prison of Financial Mediocrity" diagnosed a generation's turn toward casinos and memecoins as a rational response http://x.com/i/article/2006972323576856576 http://x.com/i/article/2006972323576856576"
X Link 2026-01-02T13:01Z 53.2K followers, 19.5K engagements

"@kiko_himself Maybe. But the models are getting better and techniques are emerging to ensure accuracy and compliance. Were only at V1 of whats coming"
X Link 2026-01-02T15:04Z 52.9K followers, [--] engagements

"@sitwhoadie Unearned dopamine is hard to beatbut there are people who want to succeed financially who just need the right tools to help"
X Link 2026-01-02T15:44Z 52.9K followers, [--] engagements

"This is going to be a topic in the public discourse more and more in the coming years. Ive written about the potential need for cognitive gyms because the magic button called AI leans into unearned dopamine and laziness over time. Read"
X Link 2026-01-15T17:28Z 53.2K followers, 68.3K engagements

"Help welcome for a major problem I'm having with @AnthropicAI. I have an instance of Claude that I've been using for a year and now need to move everything from that account to a new account because it won't let me just change the email and billing on the first account (which makes no sense at all). Basically I'm being told "this is impossible" and you have to recreate everything from scratch and none of the history is actually portable. I exported everything using their export function and all it gave me was [--] JSON files that are so large it won't even let me upload them to the new instance"
X Link 2026-01-24T16:14Z 53.2K followers, [----] engagements

"Signifyd to host first Bay Area "Payment Fraud Meetup" on June [--] featuring Noam Naveh Signifyd http://mrk.to/1194b http://mrk.to/1194b"
X Link 2017-06-05T12:02Z 52.5K followers, [--] engagements

"6/15: I try to humorously weave in that Ive had a career thats generally considered successful but that Im an incredibly broken individual who somehow made it work. In case youre curious I wrote about how Im FUBAR broken here: http://fintechjunkie.com/2018/07/29/broken-isnt-always-bad/ http://fintechjunkie.com/2018/07/29/broken-isnt-always-bad/"
X Link 2020-10-26T19:07Z 52.4K followers, [--] engagements

"25/26: Insight 12: You can only bet on one horse so you better pick a great one. Break-out winners drove our best returns. Good only drove good returns. Our @creditkarma and @nubank draft picks were perfect. But Braintree vs. @stripe As a fund we didnt bat a thousand"
X Link 2021-01-08T00:17Z 50.4K followers, [--] engagements

"Definitely worth a read Deciens Capitals Dan Kimerling on Seed Funding and Emerging Fintech. https://t.co/zAVRtxfvTi Deciens Capitals Dan Kimerling on Seed Funding and Emerging Fintech. https://t.co/zAVRtxfvTi"
X Link 2021-01-22T19:20Z 50.4K followers, [--] engagements

"Pulling together a short list of "constant conversations" that I have regularly. 1) How to Future Cast 2) The Two Button Problem 3) Spotting a Return the Fund Company 4) Storytelling as a Superpower 5) Underbuilding as a Strategy 6) Tips for New Investors What's Interesting"
X Link 2021-02-05T20:55Z 52.4K followers, [---] engagements

"I'm contemplating SPACing my personal primary checking account. I can show historical balances and have really exciting aspirations for what the balances will look like in [----]. All I need is to find a SPAC sponsor who can make the narrative sing"
X Link 2021-06-07T15:27Z 52.3K followers, [---] engagements

"28/28: Thats it for Week [--]. Heres hoping that I can actually do something in Week [--] And as always advice is welcome. Im just a noob trying to figure things out"
X Link 2021-11-22T19:46Z 52.4K followers, [---] engagements

"44/44: Ive gone on too long already so apologizes are in order. But I feel like Ive barely scratched the surface of week [--] learnings. I didnt get a chance to comment on DAOs or details around specific Dapps or mistakes I made along the way. Ill save them for week 3"
X Link 2021-11-29T21:58Z 52.4K followers, [--] engagements

"It didnt take me long in the crypto world to realize that its an ecosystem being fueled by the House Money Effect. Having spent countless hours in the world of high stakes poker I recognized it instantly and now cant stop seeing it everywhere I look. A short 🧵👇"
X Link 2021-12-02T01:29Z 50.5K followers, 10K engagements

"For those of you unfamiliar with the House Money Effect its a theory used to explain the tendency of investors to take on a much greater risk profile when reinvesting profit earned through investing than they would from money earned in other ways (i.e. - wages)"
X Link 2021-12-02T01:29Z 50.4K followers, [---] engagements

"@ColeSouth @ddasattack My point was mainly about the psychology of making large sums of quick money. I saw it in Poker. I saw it in the Y2K dot com bubble. And I'm seeing it in the crypto space right now. Winners emerged but the collateral damage to vast numbers of individuals was heartbreaking"
X Link 2021-12-03T02:53Z 52.2K followers, [--] engagements

"Lotteries unless state-run are illegal in every state and could subject a business owner to civil and criminal penalties and fines. The FTC receives about 100K complaints a year about prizes sweepstakes lotteries making this a top [--] complaint category"
X Link 2021-12-20T21:53Z 50.5K followers, [--] engagements

"I own a NFT in a project thats awarded the holders of [--] NFTs with monthly payouts 4ever Guess what Thats an annuity. Annuities are regulated and protected by nonprofit guaranty organizations at the state level. Im guessing this one hasnt run the US regulatory gauntlet"
X Link 2021-12-20T21:53Z 50.5K followers, [--] engagements

"The observation that Ive had is that NFT projects help like-minded individuals gather around art and a lot of them end up liking each other They form real connections with real people that wouldnt have been possible without the project"
X Link 2022-02-17T20:33Z 50.5K followers, [--] engagements

"An example of a NFT project thats building community and connections well is Quirkies (@quirkiesnft). The project sold out in [--] minutes and took off like lighting in a bottle. The community spread the word and it worked: NFT collectors starting buying Quirkies"
X Link 2022-02-17T20:33Z 50.5K followers, [--] engagements

"@poulinwall33 @quirkiesnft I've turned a few into canvases so that they're not just pfps. @CrashTestNFT and @dotdotdots_NFT are just too cool to not have them on my walls"
X Link 2022-02-19T23:04Z 50.5K followers, [--] engagements

"Yawn. Nothing to see here. Another sign that the VC asset class is professionalizing. 2Xing their fund means LP dry powder is being concentrated in their hands vs. spread across other fund managers. It's happening at 10+ other funds.I'm just saying. https://news.crunchbase.com/news/venture-internet-startup-growth-insight-partners/ https://news.crunchbase.com/news/venture-internet-startup-growth-insight-partners/"
X Link 2022-02-25T16:03Z 50.5K followers, [---] engagements

"Today's market is putting pressure on #startups. But did you know that #VC Firms will also have to evolve or die "The Three-Body Problem: Finding the New Stable Points in Venture Capital" breaks it down. Read on for a downloadable/shareable version: 👇"
X Link 2022-05-22T13:07Z 50.5K followers, [---] engagements

"Hey @quirkiesnft family. How did I do with the #Quirklings reveal and snipe session And I'm far from done in case you're wondering"
X Link 2022-06-05T15:50Z 51K followers, [---] engagements

"Web3 believers assert that #web3 is in its early adoption phase and that the masses will come just like they have with new technologies in the past. Theres some truth to this narrative but forces are at play that make #web3 adoption MUCH MUCH MUCH more challenging. 🧵👇"
X Link 2022-08-24T21:20Z 50.5K followers, [---] engagements

"Today is one of those days where I feel like I need good advice. Not about anything in particular just good advice. Comment at will.I'm listening"
X Link 2022-09-29T17:27Z 52.4K followers, [---] engagements

"Last week a fellow VC reminded me that the best Investors and Founders shine during market dislocations. He told me to "Seize the Day" I came away energized but was immediately pulled down by a fire drill from an existing portfolio company. I must have seized the wrong day"
X Link 2023-02-27T13:26Z 50.5K followers, [----] engagements

"Theres a major structural flaw in how the VC ecosystem works that we dont talk about enough. Its a flaw that creates confusion and bad advice for Founders. And its a flaw that makes no sense when you dissect it. 🧵👇"
X Link 2023-03-26T16:53Z 50.5K followers, 214.1K engagements

"@jasonlk Generally true if and only if the Founding team has proven that they're on the right track. Being a lead investor also means NOT writing a check when it would be placed in the hands of the wrong team or to back a faulty thesis. Blindly writing checks makes no sense"
X Link 2023-05-24T19:06Z 48.8K followers, [----] engagements

"@TMan_423 @OneAndOnlyPapii Thanks for the kind words. And happy Father's Day to you and all the other #Quirkies families out there"
X Link 2023-06-18T17:27Z 48.8K followers, [--] engagements

"@aubriepagano @nihalmehta @dunkhippo33 @chudson @jefielding That's a great list. Add @ramahluwalia if you care about the crypto space. And @wolfejosh's essays/rants are the best of the best (chef's kiss)"
X Link 2023-06-29T20:59Z 48.3K followers, [---] engagements

"The cost structure of a startup changes when ambition is staged thoughtfully. Simultaneously investing in multiple S-curves is an easy way to distract an organization and burn cash. And making sure a startup has enough money to fund growth vs. science experiments is critical"
X Link 2023-06-29T22:07Z 48.2K followers, [--] engagements

"Growth Many Founders attempt to scale before theyre ready. A startup isnt ready to maximize its growth rate until attractive unit economics and an efficient go-to-market strategy exist. In most cases scaling too soon is the same as lighting money on fire"
X Link 2023-06-29T22:07Z 48.5K followers, [--] engagements

"Startups need to generate enough growth to refine the product/service theyre offering but maximizing top-line growth shouldnt be the goal. Founders need to stop chasing valuation arbitrage"
X Link 2023-06-29T22:07Z 48.8K followers, [--] engagements

"Darwin has returned from an extended vacation and as a result savvy Investors have gone back to evaluating startups holistically. The days of valuations being a simple function of revenue are gone"
X Link 2023-06-29T22:07Z 48.4K followers, [--] engagements

"A startup with healthy unit economics growing at 50-75% is more attractive to most Investors than a startup with challenged unit economics growing at 100%+. And in many cases the last 10-20% of marketing/sales spend is marginal at best. Startups should just save the money"
X Link 2023-06-29T22:07Z 48.4K followers, [--] engagements

"Overhead Every startup that looks at their overhead can find places to save money. Weve seen startups take out layers of management and eliminate PM roles. Weve seen startups cut G&A in half. Weve seen startups examine professional services spend and nearly wipe it out"
X Link 2023-06-29T22:07Z 48.4K followers, [--] engagements

"Startups also find that reducing layers of management and G&A roles increases speed and improves decision making. Its a reduction of internal friction. Most startups in our portfolio have reported that theyre better off after their deep cuts and should have done it sooner"
X Link 2023-06-29T22:07Z 48.8K followers, [--] engagements

"Re-negotiating a contract isnt always possible but it succeeds often enough to be worth the effort. Some vendors will stand their ground. Others will make concessions because its the right thing to do or to preserve relationships with the VCs behind the startups"
X Link 2023-06-29T22:07Z 48.4K followers, [--] engagements

"And startups need to have alternatives ready to go for every major vendor they use so that at renewal time a good deal can be negotiated for the services they need. If your vendors know youre researching alternatives theyre more likely to provide relief today"
X Link 2023-06-29T22:07Z 48.8K followers, [--] engagements

"@alexjc_eth We've had some success stories but it isn't universal. But the effort is worth it because it puts your vendors on notice and sometimes gets real concessions"
X Link 2023-06-29T22:31Z 48.4K followers, [--] engagements

"Student Lending Debt is a hot topic. At $1.774 Trillion its the 2nd largest debt category in the US (mortgages being #1). Recently shot down proposals would only provide temporary relief because the system is broken. Curious what a permanent fix could look like"
X Link 2023-07-10T21:58Z 48.8K followers, 41.4K engagements

"The Major Drivers of Student Debt Driver 1: Unlimited government dollars go to education Driver 2: Access is an entitlement regardless of affordability Driver 3: An increasing % of higher ed institutions are being run like businesses"
X Link 2023-07-10T21:58Z 50.4K followers, [----] engagements

"By aligning the amount a University is able to charge with the success rates of its graduates downstream University Presidents wont be able to pass on inefficiencies to students indirectly through the availability of government funding"
X Link 2023-07-10T22:00Z 48.4K followers, [---] engagements

"Universities that can deliver better outcomes will have the option to charge more. The additional revenue would be usable to add amenities/support programs as well as to recruit the best professors. All choices work if the system is designed to deliver good outcomes"
X Link 2023-07-10T22:00Z 48.4K followers, [---] engagements

"Occassionally there's a fintech thesis that every last investment professional on the @QEDInvestors team becomes excited about. Right now this theme is the intersection of fintech and global trade. @CamilaSaruhashi shares more about our thesis:"
X Link 2023-07-12T09:09Z 48.4K followers, 17.5K engagements

"@mattcharris Bain Capital Its OK to lose money Thats why VCs exist. But you should have very good instrumentation around WHAT you are spending on WHY and HOW its going as a detailed and thoughtful justification as well as a system for knowing WHEN and WHERE to pullback"
X Link 2023-07-13T12:49Z 48K followers, [----] engagements

"@wquist Slow Ventures In underwriting/spread based businesses be very aware if you are building products to spot an arbitrage or to create one. Both can be great ways to make money but there is very little long term equity value in the former"
X Link 2023-07-13T12:49Z 48.4K followers, [----] engagements

"@wquist Slow Ventures If you are building infrastructure products be prepared for the great customers to want to be the first to be third. Expect that your first customers will not be of the highest quality. Customers who trust a nascent startup have some issues"
X Link 2023-07-13T12:49Z 48K followers, [----] engagements

"I can't stress how important it is for VCs and Founders to internalize that the goal of every business is to create an amazingly profitable and durable cash machine. And the less cash it takes to get there the better. Don't be fooled by the vanity metrics of the past few years"
X Link 2023-07-17T14:17Z 48K followers, 80.6K engagements

"Theres a lot of mis-information being shared about VC performance and how it translates into LP returns. Theres also a lack of understanding about how the VC ecosystem broke the LP ecosystem over the past few years and why this matters A LOT. Heres whats going on:🧵👇"
X Link 2023-07-22T13:00Z 50K followers, 482K engagements

"Most VC funds have a 3-pronged value proposition: Capital Advice and Support. But while a VC fund controls the advice and support they give they dont own the capital that buys them the right to invest and a seat at the table. VC Funds have to source the capital they deploy"
X Link 2023-07-22T13:00Z 48K followers, 16.4K engagements

"@Meta_Winners @killabearsnft @doodles I dare you. A [--] of [--] in the collection. Rarer than the Gold and Ghost Bears. A true gem"
X Link 2023-07-22T22:50Z 48.4K followers, [---] engagements

"This matters a lot Problems occur when households move from being technically solvent to technically insolvent on a monthly basis. Increasing debt service burden costs are usually a culprit. But this trend does have a second order effect that's profound. It locks people into"
X Link 2023-07-28T17:37Z 48K followers, 17.1K engagements

"Haven't had an AMA in a while. So ask your fintech or venture capital questions and I'll do my best to respond"
X Link 2023-08-14T19:53Z 48.4K followers, 46.4K engagements

"You have to slow down when the deal quality is low. There is no other answer. And the reason why so many funds have slowed their pace of deployment in 2022/2023 is because deal quality is significantly lower than it was in previous vintages. One reason for this is that almost every company refactored their business plan to make their existing cash last and avoided raising in an environment of transition. And VCs were busy funding insider rounds into their best companies to help them avoid hitting the market at an inopportune time so only the companies without this option hit the market"
X Link 2023-08-14T20:35Z 48.4K followers, [---] engagements

"@thogge Alpha is a complicated concept because the entire VC space is about insight experience and the ability to kink the curve on outcomes (through advice and introductions). I wrote about the evolution of the VC asset class in a paper that you can find here:"
X Link 2023-08-14T23:46Z 48K followers, [---] engagements

"@JamesUlan100 My simple answer is unlikely but possible. A few have tried in the past (i.e. Revolution Money) and its really really really difficult. There are a few startups that are giving it a go (one out of the UK that I respect) but its a big mountain to climb"
X Link 2023-08-15T00:56Z 48.8K followers, [---] engagements

"I agree that both are needed. But what I struggled with at peak madness was that narrative based investing decisions were being made at very late stages in a startup's life. Massive amounts of money poured into unproven ideas even when there wasn't much proof (and sometimes there was anti-proof) that the idea "earned" the right to take in more capital. Darwin wasn't anywhere to be seen and this creates many downstream problems including public markets"
X Link 2023-08-16T12:27Z 49.9K followers, [--] engagements

"@simonggillett @Teamshares Target = profitable main street SMBs that have been around for decades"
X Link 2023-08-18T20:10Z 50.5K followers, [---] engagements

"@ChrisJBakke Fail AI businesses with revenue are worthless. It has to be about the promise of a zillion dollars [--] years from now. And you need a lot of money to buy chips. And you need a lot of money for secondary"
X Link 2023-08-19T23:21Z 48.8K followers, [----] engagements

"@AlmostMedia Will the money transform the company into a materially different company by the time they raise their next round If not the strategy really doesnt make sense. The VC system is designed for systemic de-risking"
X Link 2023-08-20T17:29Z 48.8K followers, [----] engagements

"Zillow is offering 1% down payment on mortgages to lure struggling homebuyers. Occasionally a company does something so blatantly stupid that you have to check if you're being punked. Zillow's 1% cushion is lower than the typical mortgage in 2005-2007 that led to over 500K strategic defaults in [----]. From 2008-2010 it was estimated that 20% of all defaults were strategic defaults. So while Zillow can expect to see demand for their product they can also expect that the First Commandment of Lending also holds true: "It's easy to lend money. The trick is getting paid back.""
X Link 2023-08-25T13:40Z 48.4K followers, 24.7K engagements

"@AmandaMGoetz Depends on how your brain works. I have a condition called Aphantasia - no visualization ability at all including dreams. Zero. So I can listen to audio incredibly well without any distraction. Its how I work You do you"
X Link 2023-08-25T19:54Z 48K followers, [---] engagements

"@Gaurav1105 Nothing is cyclically immune. But there are businesses that are cyclically resilient. These are good businesses to add to your investment mix"
X Link 2023-08-29T01:24Z 49.9K followers, [---] engagements

"It used to be a good back-of-the-envelope stat that homeowners moved every [--] yrs. Redfin just reported that 1% of US homes changed ownership this year (YTD). This isn't a system in balance. Unknown: What it will take for balance to emerge. Known: It won't be here this year"
X Link 2023-08-29T15:45Z 48.5K followers, 17.5K engagements

"@Actionjaxx5150 @SyntribosStable I acquired The President a while back. Had to for the culture. Never leaving my wallet"
X Link 2023-08-29T22:49Z 48.4K followers, [--] engagements

"There's a thread going around that complains that there's a lack of true innovation in today's fintech startup landscape. My take: There are new things happening but there are also 5% improvement pitches everywhere. The truth is that most people cant differentiate the two. They expect innovation to jump off the page like science fiction magic and that's not what innovation looks like in the real world"
X Link 2023-08-31T01:42Z 48.8K followers, [----] engagements

"@evanjconrad Unfortunately your statement sounds punchy but history would prove you wrong. Why now is extraordinarily important. Ignoring it means you believe the world is full of dumb and unmotivated people"
X Link 2023-09-01T22:01Z 48.2K followers, [---] engagements

"MANY startups are living with bad decisions they made when cheap capital flowed freely. Massive value destruction was driven by Founders playing Hungry Hungry Hippo trying to accumulate as much revenue as possible. A few thoughts on how to learn from their mistakes:🧵👇"
X Link 2023-09-05T13:46Z 48.8K followers, 110K engagements

"Enterprise Value Arbitrage Not only were revenue multiples used in the calculation of enterprise value STUPIDLY HIGH multiples were being used REGARDLESS OF MARGIN. Typical early stage companies were assigned 10-20X multiples and the outliers were commanding 100X+ multiples"
X Link 2023-09-05T13:47Z 48.8K followers, [----] engagements

"Focusing on the core business Investing in multiple S-curves The biggest mistake Founders made when capital was cheap was to invest in too many S-curves at the same time. This burns A LOT of capital and reduces focus on producing proof that the core business is working"
X Link 2023-09-05T13:47Z 48.8K followers, [----] engagements

"TL;DR: Founders should stop playing the valuation arbitrage game and focus on de-risking their startups in stages. Chasing bad revenue is silly. Over-hiring is silly. Resourcing too many new things at the same time is silly. Build a solid core business and it will all work out"
X Link 2023-09-05T13:47Z 48K followers, [----] engagements

"At a startup stock options can be lucrative depending on the success of the company. With valuations down Founders are asking to reprice historical options. Heres what it means why its important and when its appropriate"
X Link 2023-09-07T12:42Z 48.8K followers, 94.5K engagements

"Equity is typically granted in the form of a 7-10 year option to buy common stock at a strike price thats usually pegged to the fair market value (FMV) of a share of common stock. The most common determinant of FMV is a companys 409A Valuation"
X Link 2023-09-07T12:42Z 48.2K followers, [----] engagements

"A 409A valuation is done by a 3rd party by analyzing the company's financial statements projections market conditions and other relevant factors and is primarily used for tax purposes. But its been adopted as standard practice for setting the strike price of options"
X Link 2023-09-07T12:42Z 48.3K followers, [----] engagements

"The why is simple: Setting the strike price at or above the 409A value means that from an accounting perspective nothing of immediate value has been given to an employee and therefore there are no taxes due upon issuance"
X Link 2023-09-07T12:42Z 48.4K followers, [----] engagements

"Social media has amplified the fact that most people get stuck on negative thinking. According to the NSA 80% of our thoughts are negative and 95% of our thoughts are repetitive. The most successful and happiest people know how to break out of this doom loop"
X Link 2023-09-09T16:26Z 48K followers, [----] engagements

"Im encountering more and more young people who dont care to consume books. They prefer activity to reading and videos to text. My two cents is that books allow you see today through the eyes of generational wisdom. Nothing is a substitute for being a voracious reader. Nothing"
X Link 2023-09-11T20:26Z 48.4K followers, 17.8K engagements

"@dionlisle As soon as I finish a book I already have my next one picked out. Been that way since I could read. And it will be that way until I take my last breath"
X Link 2023-09-11T22:19Z 48K followers, [---] engagements

"I just tallied the list and [--] QED portfolio companies are using @JoinMeow to help manage their excess cash. Wowsers I would bet that this number will double soon because their product is that good and that valuable. Worth checking out"
X Link 2023-09-15T19:01Z 48.2K followers, [--] engagements

"The great debate: What is a startup worth It's a contentious question that's widely misunderstood. What follows is a framework that cuts to the core of the issue:🧵👇"
X Link 2023-09-16T12:57Z 50.5K followers, 80.1K engagements

"Many questions need to be answered to evaluate the intrinsic value of a company. They include: ➡What does the business know how to do with repeatability ➡How attractive are the current economics of their product/service ➡Is the company capital consumptive or accretive"
X Link 2023-09-16T12:57Z 48K followers, [--] engagements

"Todays traction is merely shorthand proof for what the company has learned in the market. And an important concept worth fixating on is that just because a startup has more customers or more revenue than it did in the past it doesnt imply the value of the startup has grown"
X Link 2023-09-16T12:57Z 48.8K followers, [--] engagements

"But for some startups the right-hand tail of outcomes is virtually uncapped while for others its very knowable in advance that this isnt true. Ascribing the same option value to wildly different distributions is one of the biggest and most common investment mistakes"
X Link 2023-09-16T12:57Z 48.2K followers, [--] engagements

"Other common mistakes: ➡Ignoring the dilutive impact of future capital needs to investor returns ➡Treating lower margin businesses with real COGS the same as high margin software businesses ➡Assigning too much value to cyclical or purely transactional business models"
X Link 2023-09-16T12:57Z 48.4K followers, [--] engagements

"@MattMickiewicz Cool tool But this doesnt work for VC backed startups (which is the audience for this post). But very cool"
X Link 2023-09-16T15:57Z 48.8K followers, [--] engagements

"@PositiveGamma Thats a great experiment. It gets to the heart of whats been built and how durable the franchise is. The Series B investors in Credit Karma did this exact analysis to get comfortable with the company and its potential"
X Link 2023-09-16T16:00Z 48.8K followers, [--] engagements

"Question for exercise Twitter: For about [--] months Ive been getting quick zingers in my left calf muscle in exactly the same spot - every day Like an ice pick but it goes away quickly. Nothing hurts when I push on it or walk around or exercise. Ideas Treatments"
X Link 2023-09-16T16:09Z 48K followers, [--] engagements

"@mikeygarris Investors own their pro-rata of earnings. Management makes a case for how much to distribute (dividend) vs reinvest (retained earnings) to create additional enterprise value"
X Link 2023-09-17T17:25Z 48.5K followers, [---] engagements

"@thogge Our country needs to become fiscally responsible in the long run. But as bad as our fiscal policies are people around the globe still want dollars over their own currencies. Most countries have it worse than we do. We have a lot of work ahead of us but it's not all bad"
X Link 2023-09-18T21:20Z 48K followers, [---] engagements

""Lessons Learned" is an important concept that has a major flaw: It works for any given actor but not for all actors. I worry that parts of the VC ecosystem are becoming irrational again which implies that lessons from "peak madness" are being ignored. Sad and shameful"
X Link 2023-09-19T11:57Z 48.4K followers, 10.2K engagements

"The startup ecosystem is finally seeing good companies come to market again. But after a year of focusing on costs and runway some startups arent exciting anymore. Many startups that try to raise will hear: We want more proof Heres what you need to know about proof:🧵👇"
X Link 2023-09-26T13:00Z 48.2K followers, 59.9K engagements

"@InformedByIan Many Team and TAM Investors collapse to being talent scouts which doesn't require "proof" in their underwriting process. But as startups mature the number of "narrative first" Investors reduce greatly and "proof" matters"
X Link 2023-09-26T19:00Z 48.2K followers, [--] engagements

"I don't get this boy math/girl math thing. Math is math. I'll die on this hill"
X Link 2023-09-29T00:50Z 48.4K followers, [----] engagements

"@LivApe @OneAndOnlyPapii @Kentasi2 @quirkiesnft @SyntribosStable I havent claimed any of mine yet. Still a mystery what Ill get"
X Link 2023-10-04T14:23Z 48.4K followers, [--] engagements

"To the Honorable @garrytan: Can you please let the VC community know that SAFEs are great instruments when used in the right way but abuse of them is now rampant in the ecosystem. The amount of future cleanup work being created and can kicking thats going on is criminal"
X Link 2023-10-04T16:08Z 48K followers, 74.1K engagements

"I've been busy reviewing all 200+ investments QED has made in our [--] year history. An observation: The success rate has been higher for the big ideas than for niche opportunities. Niche solutions can be built but the typical playbook of the past [--] years doesn't work well"
X Link 2023-10-21T12:45Z 48K followers, 58.4K engagements

"@nathanlustig @mccrawf7 Capital efficiency is relative. If a company can produce 10X enterprise value/paid in capital then it will work for investors at every stage. The most efficient businesses make money at low levels of scale and then capital raising becomes optional or an accelerant"
X Link 2023-10-21T13:27Z 48K followers, [---] engagements

"@xyzzacc All three. Theres no middle of the distribution for medium sized opportunities which hurts a lot. But to be clear there are plenty of ways to make money building against niche opportunities. Capital efficiency and a focus on profit have to be front and center from day 1"
X Link 2023-10-21T17:03Z 47.9K followers, [---] engagements

"Youre probably familiar with SAFE notes if youre an early stage Founder or Investor. But did you know that later stage Investors and Founders are also using SAFE notes And have you figured out that later stage SAFEs can create real downstream problems for a startup 🧵👇"
X Link 2023-10-25T11:21Z 48.2K followers, 90.1K engagements

"Background A SAFE note is a Simple Agreement for Future Equity and it was created by Y Combinator in [----]. It was designed to reduce the cost and complexity of the legal paperwork associated with equity deals for very young companies"
X Link 2023-10-25T11:21Z 48.2K followers, [----] engagements

"Another important goal was to create a standard for the industry so Founders didnt get surprised or swindled by terms they didnt understand"
X Link 2023-10-25T11:21Z 48K followers, [----] engagements

"What Are They A SAFE note is an agreement for an Investor to exchange cash today for shares in a Company at a predetermined discount to its next priced equity round. SAFE notes are simple because theres no need to negotiate valuation caps interest payments or maturity dates"
X Link 2023-10-25T11:21Z 48.2K followers, [----] engagements

"Market Standard SAFEs have become the market standard with Y Combinator companies being the early adopters. ✅ SAFE notes were used in 50%+ of Y Combinatordeals in [----] and 70%+ in [----] ✅ SAFE notes were used in 80%+ of Y Combinatordeals between [----] and 2023"
X Link 2023-10-25T11:21Z 48.2K followers, [----] engagements

"Problem: Theyre Not Debt A SAFE note is NOT a debt instrument. It does NOT lock in a maturity date or interest rate nor does it have protections if a new equity round doesnt materialize. As a result theres no time pressure for a Company to convert SAFE notes into equity"
X Link 2023-10-25T11:21Z 48K followers, [----] engagements

"Problem: No Voting Rights While the notes are outstanding the voting and ownership dynamics of a company stay fixed in time. SAFEs receive voting rights when they convert into actual equity. This allows Founders to delay important conversations around control and governance"
X Link 2023-10-25T11:21Z 48K followers, [---] engagements

"Problem: Ability to Stack Since SAFEs arent debt they dont require the traditional Board approvals that Investors negotiated for in their deal docs. Founders can stack SAFEs without seeking permission from equity or debt holders"
X Link 2023-10-25T11:21Z 48K followers, [---] engagements

"When this happens the stack becomes a major deterrent for any rational downstream Investor to price a round in anything but a true rocket ship scenario. Talk to any new Investor digging into a company with a mountain of SAFEs and youll hear nothing but horror in their voice"
X Link 2023-10-25T11:21Z 48K followers, [---] engagements

"So while SAFE notes work well for first capital in situations they are increasingly being used in ways that kick the can and set up mid-stage Companies for major downstream issues. SAFE notes are going to be the cause of death of some mid-stage companies"
X Link 2023-10-25T11:21Z 48.2K followers, [----] engagements

"Y Combinator would be applauded if they revisited the structure of SAFE notes to protect against the many unintended consequences. The startup ecosystem consists of participants with different levels of sophistication so fixing issues with SAFEs will improve everyones lives"
X Link 2023-10-25T11:21Z 48.2K followers, [----] engagements

"I walk into the room. Everything stops. All movement. All sound. All breathing. I review the Powerpoint deck. I double check the spreadsheet. Words flow from my mouth like a fresh water stream. Everything starts again. Movement. Sound. Breathing. This is my life"
X Link 2023-11-01T13:51Z 48.2K followers, 22.4K engagements

"@HarryStebbings This isn't true. I don't believe that Founders are 100% in control of the success rate of a startup. The market has a say. Availability of capital has a say. Exogenous forces have a say. I don't buy the "if you're great you always win" narrative. Hogwash"
X Link 2023-11-02T16:41Z 48.1K followers, [----] engagements

"Happy weekend everyone"
X Link 2023-11-03T22:19Z 48.2K followers, [----] engagements

"Many VCs and Founders have canonized bad frameworks for how startups should be built and what traction needs to be achieved to raise downstream capital. Founders crave tangible milestones around metrics like ARR by stage growth rates burn multiples margin profiles valuations ownership expectations etc. But the truth is that each company is a unique beast and needs to be funded and de-risked in its own thoughtful way. And another truth is that the vast majority of advice Founders get about "generic milestones" come from people who aren't going to write downstream checks anyway. Systemic and"
X Link 2023-11-07T22:36Z 48.2K followers, 80.9K engagements

"Question for international VC investors: Do you have any methodology for adjusting your underwriting process (yes/no and pricing) based on geography"
X Link 2023-11-08T16:04Z 48.5K followers, [----] engagements

"There has been and always will be two competing Venture Capital investment frameworks. The lexicon I've adopted: Investors are either Fundamentalists or Revolutionaries. Fundamentalists believe that whats possible is dictated by the dynamics of an ecosystem. Building in stages on top of solid unit economics is what matters. To Fundamentalists the journey matters because great companies are built on top of good companies. Revolutionaries believe that whats possible is a function of differentiation. Dominance of a big market is the only goal. To Revolutionaries only the destination matters"
X Link 2023-11-08T21:54Z 48.4K followers, 97.4K engagements

"In celebration of Global Entrepreneurship Week today is #AMA day Itll start at 1pm ET and @HelloAlice will be ready to answer any questions as well. What do you want to know about Entrepreneurship Business Building or Funding Tag your questions with #AskAFounder"
X Link 2023-11-15T12:19Z 48.3K followers, [----] engagements

"Silicon Based Learning Machines (SBLMs) Step 1: Learning to Learn Infinite SBLMs can be spun up that are "born" already preloaded with the ability to learn. Their "parent" is typically a fully trained large language model (LLMs) that passes on its knowledge to its children"
X Link 2023-11-15T12:49Z 48.3K followers, [----] engagements

"It will be interesting to see how easy or difficult it will be for startups that built on top of the @OpenAI platform to switch. At the very least it will be informative to Founders and Investors about the current state of stickiness and enterprise value creation"
X Link 2023-11-20T19:01Z 48.3K followers, [----] engagements

"I'm finding that most of my frustrations stem from being a hyper-rational thinker in an increasingly irrational world. The unfortunate truth is that irrational behavior is difficult to deal with. When someone is being irrational they dont listen to logic or reason. What I've grown to understand is that irrational people are almost always focused on fulfilling a need that data or rational frameworks can't satisfy. The need is what matters not the basis for and consistency of their thinking. This creates a major challenge because the meaning they give to a situation is commonly different from"
X Link 2023-11-21T17:45Z 48.4K followers, 21.8K engagements

"I was told by a very wise and trusted advisor that on Thanksgiving I should focus on doing the things that make me happy and that riches would follow. So Im Tweeting and drinking Bourbon. Now I wait"
X Link 2023-11-23T16:05Z 48.4K followers, 13.8K engagements

"I was today years old when I admitted to myself that if I had Jedi powers I would 100% use them inappropriately"
X Link 2023-11-25T15:03Z 48.4K followers, [----] engagements

"@isadwatson Yup. Been talking about this for [---] years. All coming true"
X Link 2023-11-25T21:10Z 48.4K followers, [----] engagements

"This is a huge issue and one that many Founders don't appreciate. Pre-Seed and Seed valuations need to fall OR companies need to be built more efficiently. A LOT more efficiently. Stopping the game of alphabet soup (i.e. - raising named round after named round) will require Founders to focus on being able to make money at low levels of scale and then using retained earnings to grow. This will lead to less dilution and outcomes that make the math kind-of-sort-of work. The alternative is to watch tons of companies with potential die on the vine because at some point the connect the dots"
X Link 2023-11-26T17:12Z 48.4K followers, [----] engagements

"I'm working on a presentation and added these riveting bullets: - Cyclical businesses are actually cyclical - Exogenous factors feel good until they reverse - Profit eventually matters The learnings from the super cycle are mind-numbingly obvious which makes me sad"
X Link 2023-11-27T23:08Z 48.4K followers, [----] engagements

"And each industry has its own physics of growth that determines whether a companys go-to-market motion gets easier or more difficult with scale. This has a profound impact on a startups valuation for all the obvious reasons"
X Link 2023-12-02T15:50Z 48.4K followers, [----] engagements

"In general DTC businesses get more difficult as they scale unless they can generate viral growth loops. In general B2B businesses get easier as they scale due to social proof from logo collecting and the fact that many buyers want to be first to be third"
X Link 2023-12-02T15:50Z 48.4K followers, 15.4K engagements

"The math of Multiplicative Momentum is so stunning that it needs to be experienced to be believed. But once its been experienced by an Investor they know how to spot these types of companies and are willing to pay-up early"
X Link 2023-12-02T15:50Z 48.4K followers, [---] engagements

"Ive seen a marketplace model where a hypergrowth acquisition engine created negotiating power with vendors and transactional pricing power with businesses that wanted access to its active customer base. Customer Momentum X Margin Momentum = Magic"
X Link 2023-12-02T15:50Z 48.4K followers, [---] engagements

"@elbasti Agreed. It's a generality which means it lacks nuance as a "learning". But the vast majority of DTC businesses that require a lot of paid marketing to grow suffer from the "harder with scale" issue"
X Link 2023-12-02T16:03Z 49.3K followers, [--] engagements

"This is the consensus market expectation for the Fed Funds Rate with the first cut projected to happen in early [----]. I think the consensus view is wrong and that the entire curve will be pushed 6-months with the first rate cuts happening late Q3 [----]. I'd plan accordingly"
X Link 2023-12-04T12:07Z 48.4K followers, [----] engagements

"@Tuzoff Not lost on me. Yes. Its something we have to watch out for all the time"
X Link 2023-12-04T22:38Z 48.4K followers, [----] engagements

"@HarryStebbings This assumes the Founder is reasonable and understands the needs of their counterparty. Creating a win/win starts with knowledge. Big assumption"
X Link 2023-12-08T14:14Z 48.5K followers, [---] engagements

"I wanted to play a #fintech game of wouldnt it be nice with regards to consumer behaviors. Please share thoughts be hyper-critical and add your own. Maybe this will inspire a crazy talented Founder to see a problem in a different light 1) Wouldnt it be nice if consumers were more interested in building up their emergency savings accounts than they were in day trading stocks or searching for the next 100X I wonder what it would take to make financial stability cool again. 2) Wouldnt it be nice if checking account routing numbers were portable the same way that cell phone numbers are It would"
X Link 2023-12-08T16:00Z 48.5K followers, [----] engagements

"@BexelInitiative My question isn't an AUM question. It's about # of employees in the VC entities"
X Link 2023-12-08T20:06Z 48.5K followers, [---] engagements

"@TimParsa @slykHQ Hmmm.polarizing opinion to call for the complete death of an established industry. It doesn't happen often and when it does it's usually due to a technological innovation (cars replacing horses). Only time will tell if you're right.but I'd bet against it"
X Link 2023-12-08T20:13Z 48.5K followers, [---] engagements

"@m2jr @neilpatel When I was competing as a child I had a piano coach. When I was a young professional with a lot of responsibility I had a business coach. When I decided to take High Stakes Poker seriously I got myself a world class Poker coach. Coaches help improve your performance"
X Link 2023-12-09T14:03Z 48.5K followers, [---] engagements

"Millions of dollars of assets were drained today in the web3 space. Unfortunately the issue of security has yet to be solved and its having a profound impact on the web3 adoption curve. I wrote about this a few years back and it hasnt gotten much better since"
X Link 2023-12-17T02:48Z 48.4K followers, 26.7K engagements

"2023 is almost over. Time to visualize who I need to become to make [----] a successful year"
X Link 2023-12-30T14:17Z 48K followers, [----] engagements

"Happy [----] everyone Glad [----] is done and dusted"
X Link 2024-01-01T16:41Z 48.4K followers, [----] engagements

"On an episode of @FintechTakes that dropped yesterday I was asked to lay out some 5-10 year fintech trends which turned into a fun conversation. We discussed: ✅The stock market ✅Information transparency ✅AI's role in cost containment ✅Stablecoins The first @FintechTakes podcast of [----] just dropped I asked @fintechjunkie to give me his top fintech predictions for the next 5-10 years and as you'd expect Frank brought the 🔥 Spotify: https://t.co/Mx5KzJ7SrD Apple: https://t.co/Ps3tIUdzgJ The first @FintechTakes podcast of [----] just dropped I asked @fintechjunkie to give me his top fintech"
X Link 2024-01-04T13:19Z [--] followers, [----] engagements

"@jaredhecht @usv Congrats sir I'm here for you You're going to do amazingly well"
X Link 2024-01-04T16:29Z 48.4K followers, [---] engagements

"Its inarguable that AI has already begun to drive down the friction to create across many industries. Creating code creating art creating music creating books creating spreadsheets creating analysis.all are getting easier faster and cheaper with AI tools.and the tools will only get better from here. But in a world where the friction to create diminishes exponentially the array of choices for every decision will surge creating a landscape where options multiply at an unprecedented rate. This is both a problem AND an opportunity. Imagine a future where the number of new songs uploaded for"
X Link 2024-01-04T22:57Z 48.2K followers, 15.6K engagements

"When markets are "closed" there are fewer than [---] IPOs in a year. When markets are "open" 150-250 IPOs in a year is pretty typical. So while not all of today's unicorns will end up IPOing (some will fail some will stay private some will sell) the backlog is real"
X Link 2024-01-08T13:29Z 48.8K followers, [----] engagements

"@Trace_Cohen The number above is US only and published by Pitchbook"
X Link 2024-01-08T20:45Z 48.5K followers, [---] engagements

"Building a great reputation as an Angel Investor gives you access to more deal flow. Behaving in ways that hurt your reputation can quickly cut you out of the best deals. Here are some mistakes to avoid if you want to maintain an amazing reputation as an Angel Investor:🧵👇"
X Link 2024-01-16T14:38Z 48.9K followers, 47.6K engagements

"Either Youre Active or Youre Passive Dont claim to be an active Investor if you arent. Being active doesnt mean waiting around like a sleeper agent for the magic words that snap you into action. Being active means proactively putting in the time and effort to help"
X Link 2024-01-16T14:38Z 48.8K followers, [----] engagements

"Seeking Liquidity Outside of Company Led Processes Can Be Harmful Being an Angel Investor requires being comfortable with long duration illiquid investments. Using secondary platforms for liquidity might seem like a rational choice but it might actually do damage to a startup"
X Link 2024-01-16T14:38Z 48.8K followers, [----] engagements

"Speed is important. Being low maintenance is important. Dont show up when docs are ready asking a bunch of questions if you havent been super active. There are only two modes that make sense: Be low maintenance or be active and earn the right to be higher maintenance"
X Link 2024-01-16T14:38Z 48K followers, [----] engagements

"The truth is that Angel Investors play an important role in the startup ecosystem. They take maximum risk and help fuel Founders dreams. But building a great reputation as an Angel Investor requires more than just writing checks. Keeping this in mind is important"
X Link 2024-01-16T14:38Z 48.8K followers, [----] engagements

"@rexsalisbury This made me laugh. There are sooo many fintech Investors who won't look at balance sheet businesses. They like "tech" but not "fin" and call themselves fintech Investors. To this I say: You do you"
X Link 2024-01-22T17:00Z 48.4K followers, [---] engagements

"@RogueCfpb @rohitdotmittal @rexsalisbury Sure. I'm also a fan of microbiologists who don't understand Carbon. Makes sense to me 😂"
X Link 2024-01-22T17:14Z 48.4K followers, [---] engagements

"2023 was a horror story with inflation being the boogeyman and interest rates being a serial killer on the loose. Surviving economic adversity is a life skill so here are a few tips to help you navigate [----] and stay strong.🧵👇"
X Link 2024-01-26T15:50Z [--] followers, 23.2K engagements

"Just remember that no journey through life consists entirely of roses and rainbows. Good and bad times are incomplete without each other so learning to cope with the bad to get to the good is an important life skill"
X Link 2024-01-26T15:50Z 48.2K followers, [----] engagements

"Anyone else experiencing this My entire "for you" feed is full of random accounts with viral videos. My feed has collapsed to people doing stupid things animals doing stupid things and shock-and-awe videos"
X Link 2024-02-06T14:53Z 48.8K followers, 31.2K engagements

"Happy that "The Copernican Revolution In Banking" made the Fintech Writing Hall of Fame I might write a follow-up thread about what played out as predicted and what didn't.and why. OK here it is. https://t.co/eRG0qzXXDm OK here it is. https://t.co/eRG0qzXXDm"
X Link 2024-02-19T22:04Z 48.9K followers, [----] engagements

"@andrewchen This is disturbing on so many levels but it is a reflection of reality. I wrote a bit about "Unearned Dopamine" in the past.so important to understand. A disturbing change to society over the past few decades is the number of people addicted to unearned dopamine. Having spent countless hours with high stakes poker players and professional day-traders Ive seen the fallout. It can be ugly A few thoughts:🧵👇 A disturbing change to society over the past few decades is the number of people addicted to unearned dopamine. Having spent countless hours with high stakes poker players and"
X Link 2024-02-22T15:00Z 49K followers, [---] engagements

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