Amend and Pretend
@amendandpretend
Everybody acting tough when they up. Everybody acting tough.
GenerativeAI is going to a giant rug pull for tech in 2024. The ROI is not as high, use cases are not as straightforward, and customers are not paying up for gimmicky features in enterprise SaaS. Yes - there is value but the run-up in mag7 due to GenAI is overdone.
“PE ruined the last software company I worked for” is code for: 1. Focused mgmt on oper. metrics/KPIs 2. Got rid of rich comp plans 3. Stopped pet projects with no ROI 4. Put in a hiring freeze to stop bloat 5. Replaced underperforming leaders 6. Held mgmt accountable for results
~2x DPI is 75th percentile in venture capital 🥴 just go long $SPY and chill
Zuck buying up AI researchers has made the Helmer’s concept of a “Cornered Resource” as a durable competitive advantage obsolete
$CRCL 👀
Honored to join the Board of @circle at a pivotal time for internet financial infrastructure. Circle’s trusted stablecoin platform and global reach uniquely position it to help reshape how money works. Excited to support the next chapter. circle.com/pressroom/circ…
Think one of the crazy things about China is the R&D there is excellent. Believe me, no one likes to lampoon China as making cheap trinkets more than me, but what they are coming out with is immense. Xiaomi 15 with 90 W charging? Iphone is stuck at 22 and Samsung at 45. BYD…
Me getting ready to win another project by telling the client "Don't worry, we won't be using microservices or Serverless, you'll get a nice simple single deployable unit to run with a start/stop/restart button in the Azure console" while the other vendors pitch a k8s "platform"
PE software is highly illiquid right now. Unless you have an A+ asset with multiple parties willing to pre-empt, most GPs are delaying the launch of a process or even hiring a banker to keep market chatter to a minimum. Every failed process makes GPs even more tentative 😬
Listening to the Bain partner explain that leading PE-backed portfolio companies adopt vibe coding to increase efficiency
AI-native companies are experiencing a COVID-style pull-forward moment as businesses rush to adopt AI to avoid being left behind. Once the dust settles and companies struggle to measure the efficiency impact of AI adoption, demand and indiscriminate buying are likely to wane.
There is a leadership crisis in America. It began in the 2010s, when feedback started being softened to accommodate the millennial generation followed by the DEI complex. Today, C-level executives can get away with working <40 hours a week and delivering no measurable results!
After researching hundreds of companies, I’ve realized that the hardest part of investing is finding capable management teams. That’s why I now try to speak with management early—before committing to deep research. I’ve lost count of how many cheap, high-quality businesses I’ve…
In it’s heyday, Goldman’s special situations group was the navy SEALs of money making. Today’s guest, Alan Waxman, used to run that group before leaving to build Sixth Street, now a $115b behemoth. SSG heads were sometimes of the more brainy, nerdy variety. Not Waxman. He is a…
S&P 500 dividend yield down to 1.24% It hit 1.07% a quarter-century ago $SPX
The quiet kind of joy that comes from listening to Bible verses on a summer Sunday morning
We’re in the back half of the Fourth Turning in corporate America. Boomers are exiting the workforcerapidly, and traditional hierarchies are being dismantled. Even Gen X is pushing back. It’s encouraging to see Millennials and Gen Z charting their own path. 🫡
Vinod Khosla making high conviction predictions about the world in 2050
Don’t sleep on the Chinese AI companies
🚀 Hello, Kimi K2! Open-Source Agentic Model! 🔹 1T total / 32B active MoE model 🔹 SOTA on SWE Bench Verified, Tau2 & AceBench among open models 🔹Strong in coding and agentic tasks 🐤 Multimodal & thought-mode not supported for now With Kimi K2, advanced agentic intelligence…