Gonna be a fun series

Startups are illiquid, long duration assets subject to increasing tech / disruption shocks.

Weirdly, the old Bezos line - 'what won't change in the next 10 years?' - becomes more important.

Need embedded spreadsheets in issue tracking tools now

Have to do the quick maths on model / token unit economics for new features 😭

.Vinod Khosla on Turpentine VC: 'If you're cash flow break-even, you never need to depend on outside capital.'

'Maximizing profitability is an admission of guilt that you don't have great investment opportunities.'

The estimates vary greatly, but the intensity of the AI energy usage debates will only increase.

semianalysis.com/p/ai-datacente…

It’s a short list of folks that made the jump from VC to very successful founder / CEO:

- Bipul Sinha (Rubrik)
- David Velez (Nubank)
- Aneel Bhusri (Workday)

Any other notable ones?

Losing 10s of billions of revenue instead of reaping hundreds of billions in exit value. A normal, profit minded thing for a company that’s not an influence operation to do.

Introducing ReaperAI, a tool to automatically delete dead code from mobile apps 💀🤖

🤔 What % of your (or your employer's) codebase do you think is unused?

Link to join waitlist in 🧵

Misc. thoughts on venture and the liquidity issue in '24:

- Some early stage funds are getting liquid on secondary sales BUT only for premier assets if its a meaningful amount. Shows why it's a good biz to be in if it works - low cost basis, still some optionality on the exit…

This discourse seems to be active again, and I completely agree. I read this post from Will Peng years ago, and it really shaped how I thought about jobs in startups and venture.

williampeng.com/post/373773863…

“Have you read ‘Complexity’ by Waldrop?”

🚨 Big announcement – after two years of beta, Subframe is now open to everyone!

Subframe is the best way to build UI, fast. It's a design tool that lets you visually build UI using real components, then export it as React / Tailwind code 👇

This makes me think of when public comps or acquisition prices get used as rationale for valuations on emerging companies.

Market caps don't often exist in isolation. They are fish in water that is the market cycle -- structure (demand from customers, supply side of vendors),…

What a night of basketball. Feel bad for LeBron - incredible performance from him.

Founders, seek investors who can help you think about the roadmap of your company's stock not its product...

Is there a SaaStr for life sciences / healthcare GTM?