Thought Leadership Threads

AI is undeniably going to change the world but 99% of AI companies will fizzle and die.

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I have real, actionable advice about how to build durable AI companies but understanding my perspective requires a primer on how I think about AI.

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Trust me, you’ll like it: 🧵👇

It used to be common for a startup to de-risk in distinct phases that aligned with capital raises.

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Discipline disappeared and the number of rounds a typical startup raised exploded into “alphabet soup”.

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The market is returning to “normal”. Here’s what you need to know: 🧵👇

The biggest fallacy in the Startup world is to believe that the entry price for a great investment is irrelevant.

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While great investments generate great returns, being indifferent to price is a function of sloppy thinking.

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A useful mental model that great Investors use:🧵👇

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There’s a major structural flaw in how the VC ecosystem works that we don’t talk about enough.

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It’s a flaw that creates confusion and bad advice for Founders.

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And it’s a flaw that makes no sense when you dissect it. 🧵👇

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People constantly wonder why the US has so many Banks compared to other countries!

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Are you wondering if the US system makes sense?

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Do you want to know where it's heading?

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Here's some history, charts, and thoughts: 🧵👇

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Every business has a core function. Some businesses make athletic shoes while others make wide screen televisions.

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What’s become clear over the past week is that many people don’t understand what Banks actually do.

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A simplified explanation if you're interested:🧵👇

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The rapid erosion of value in SVB's bond portfolio made plain the power of math and markets and how they can turn against you like an unexpected flash flood.
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Here is a simple explainer on basic bond math that is good to know even if you are not a bank CFO.

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Mark Twain once said:
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“When everyone is looking for gold, it's a good time to be in the pick and shovel business.”
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What does this look like in crypto? 🧵👇

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Many companies went through a major layoff in 2022. Many more will reduce their staff in 2023.
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When the dust settles, businesses will be leaner but challenges will still remain.
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Here's a valuable checklist for survivors:🧵👇

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