If this tweet is true (yes, I am braking my Trump 72 hour rule for this one):
1. It’s a terrible idea to spend tax payer money buying the crypto bags of the people who donated many millions to him
2. It’s an even worse idea to pick winners like this
Why not a USTech strategic reserve, where we buy Apple, Google and Microsoft shares with tax payer money?
Why not a real estate strategic reserve where we buy the RE assets from huge companies?
This is a giant distraction for Trump’s important mission of
a. fiscal responsibility (balancing the budget, DOGE, etc)
b. immigration and
c. Ending wars/avoiding new ones.
That’s why he was elected — not to buy crypto bags from the donor class.
Also, a USCR will create endless investigations into how much the XRP, SOL and ADA owners donated to Trump.
Then another wave of investigations into how much of those tokens (and related projects) are owned by the administration, their families and the colleagues around them.
And for what purpose? How is it strategic at this moment in time to own crypto as opposed to say health care, closing the border or lowering the debt?
Also, we can just TAX crypto and put that money in a USCR.
Then you don’t have to TAX AMERICANS to buy the bags of the crypto people who donated a HUGE amount of money to Trump.
This will be the issue that derails his second term.
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It is IMPOSSIBLE to "steal" the Presidential election by cheating.
You *MIGHT* be able to steal a very local election, but you would almost certainly get caught. Put this aside for a moment and let's talk about Tuesday's Presidential race.
Here's some basic logic and math:
1/We have 50 different states, each with its own process. You can cheat in every state, sure, but you can't do it at a scale that tips even the tightest swing state.
2/35 of 50 states ALREADY have voter ID.
It is impossible to do large-scale cheating in these states because it would require:
a) stealing someone's ballot
b) creating a fake ID
c) MAKING SURE THEY DON'T VOTE while you use that stolen ID and fraudulent/stolen ballot
That last point (c) is essential because you would create a collision if you stole someone's ID and ballot and then voted as them.
Just like stealing someone's ticket on a flight or a to a basketball game would result in you geting busted when you both try and sit in that seat!
3/The closest swing state is Georgia. It was determined by 11,779 votes in 2020.
You might remember that number because Trump asked Brad Raffensperger, A REPUBLICAN secretary of state, to “find 11,780 votes” for him.
Imagine what it would take to create 11,779 fraudulent votes in Georgia--where they have voter ID laws!!!
Could you do three or four? Sure, but you would probably get caught.
Could you do 300 and not get caught?
Impossible.
Trump claimed there was a fraud, filed ~60 challenges, and they found nothing.
Which shows just how resilient this imperfect system is!
1/There's a bunch of hand-wringing around this post about YC, pre-seed stage startups, ZIRP, and tech cycles.
I have some insights here, given we run a per-accelerator and an accelerator.
First, while anyone can define the power law, few have lived it as deeply as pre-seed stage investors.
Owning 1% of Airbnb pays for 6,000+ accelerator bets.
That's 12 years of YC at 500 startups a year (I think they do ~450 now; my first @LAUNCH does 100).
It would be statistically improbable for the number one player in seed-stage investing not to hit one Airbnb (or Uber) in 6,000 bets (sorry @MeghanKReynolds, investments!!!).
Especially with 500,000+ applications over that time (they get 45k apps a year, and we're the number two player with a ~20k app run rate--which is impossible to keep up with BTW).
2/Our industry runs through boom and bust cycles, so you can expect a LOT of "vintage distortion"
The most common second order impact? The peanut butter effect.
During the peak ZIRP era we had:
a. many exceptional team members left the startup they were number two or three at and created their own startups--spreading the "peanut butter" of talent really thin
b. many founders rushed into the same verticals, with very similar products, spreading the "peanut butter" of clients and profits really thin
c. LPs backed many new funds, which created more competition and spread the peanut butter of LP and GP ownership really thin
.... but with so much money chasing the magic of the last vintage we had....
3/All of this competition and money running into the space resulted in seed stage valuation disconnecting from reality.
Which made the $100M series A and $1B series B.... common.
This means there are a lot of PAPER Unicorns, which has led to the brutal 24 months we've suffered as an industry.
In addition to all of this, @linakhanFTC killed the M&A businesses. The downstream impact of that is that she's killing the venture capital industry, with all these seed funds being unable to raise due to DPI issues.
This is why it's critical @KamalaHarris or @realDonaldTrump fire her immediately.
Insanely cool new innovation: @densityio's "adaptive cleaning" monitors which parts of your office are used, and sends cleaning people to those areas dynamically based on usage thresholds.
This is saving customers millions of dollars a year already... easily paying for the cost of installing Density's people counting software.
Density uses sensors to track people, anonymously, as they use spaces. This allows companies to optimize their space usage dramatically.
Space is typically the second biggest cost sensor after people at an organization. this also gives insights into how people work in the new hybrid and remote world.
Episode 1: "The Fallen Prince" The mini-series opens with Kendall Roy (Jeremy Strong) in a self-imposed exile following his downfall in the "Succession" series finale. He's living a modest life, wrestling with guilt and regret.
Episode 2: "Rebuilding Roy" Kendall starts a tech startup aiming to compete with Waystar Royco. He leverages his industry knowledge and contacts, including some disgruntled Waystar employees. Meanwhile, Tom's inexperience as CEO starts showing, leading
🧵 AI is going to nuke the bottom third of performers in jobs done on computers — even creative ones — in the next 24 months
White collar salaries are going to plummet to the average of the global work force & the speed at which the top performers can write prompts
If you’re low to average at your job you need to get on these tools immediately, learn how to augment yourself, & invest massively in your ability to add new skills constantly
Companies are going to get dramatically smaller & more profitable, like Facebook, twitter, & others… twitter.com/i/web/status/1…
Top performers are already leveraging these tools to increase the distance between themselves & low performers… it’s getting polarizing
40 & 50 year olds who have been coveted performers their whole careers who ignore these tools are going to be retired from the workforce