Thinking about writing more short-form essays.

Historically, my posts are medium-length. 1000-4000 words on average.

I'm not writing Packy McCormick or Wait But Why length posts, but I'm not writing short Seth Godin-style blogs either.

I admire the 300-1000 word essays from many of the prolific early-internet writers.

Most of that writing just happens on Twitter/X and LinkedIn now.

Or they're screenshot essays (which I also like quit a bit).

Posts that are short enough to capture, distill, and articulate the core essence of an idea quickly, but long enough to capture nuance as well. You could argue that social posts capture this same utility, and I wouldn't fully disagree.

But social posts are so ephemeral. They don't last. They eventually disappear into the ether.

Meet tons of young people who think they need to do 5+ things before starting a company.

- Work in VC
- Get 3+ unicorns on their resume
- Get big company experience
- MBA
- Product experience
etc.

If you want to start a company, you should consider just starting a company. There's something to be said for getting skills, experience, a network, etc. before starting a company.

I think most people benefit from doing some mix of the above before striking it out on their own.

But... there's diminishing returns beyond a point

I don't think people realize how bad the worst case scenarios is with SVB.

The risks are systemic across our industry. SVB banks companies across this entire ecosystem not just early-stage startups.

They bank a lot of growth stage companies too.

Even several PE buyouts of tech companies are banked with SVB.

SVB banks many VC firms.

They even bank many consumers that work in tech.

SVB has a ton of competition.

That competition smells blood in the water.

- Neobanks (Mercury, Capital, Brex, etc.)

- Banks (JP Morgan, Chase, First Republic, etc.)

Guarantee you those competitors are trying to take advantage of this.

https://twitter.com/andrew__rea/status/1633940231006171137

case in point

https://twitter.com/sumukhsridhara/status/1633900916746383361

SVB probably won't go bankrupt.

Many folks that would step in and acquire if worst comes to worst.

But...

it's a non-trivial possibility that a bank run forces them into the arms of an acquirer.

Tech is a heavily networked industry.

The words is out.

Could get ugly fast. Every venture firm is telling folks to move deposits.

Founders are talking to other founders.

No shortage of alternative banks that you could move deposits too

How much do you make #4📈

chatted all things taxes with @JaiminDesai93

- founder salary breakdown
- stock investing
- tax loss harvesting
- crypto taxes
- QSBS
- why you shouldn't f*ck with the IRS
- and why you should always go to concerts

one of our best yet imo

link below full interview

how-much-do-you-make.beehiiv.com/p/much-make-4

📈How much do you make, #3

with @arian_ghashghai:

- comp breakdown (salary, stock, bonus)
- angel investing in VR, AR, & AI startups
- his 458 Italia Ferrari
- why he has "one of the most aggressive investing strategies of anybody on the planet"

link below full interview:

how-much-do-you-make.beehiiv.com/p/much-make-3

A few thoughts on the future of wealth management.

Core points:

1. Fee for service > % of AUM
2. Most financial advisors shouldn't exist
3. Wealth management brands don't speak to modern consumers.
4. The tools most consumers need exist or are being built 1. Fee for service > % of AUM (90%+ of the time)

True for all but the wealthiest families/individuals.

Unless someone is truly managing your money full-time (and delivering something besides market beta for doing so), they shouldn't be getting a % of AUM.

I've read 68 books so far this year. 📚

Here are a few that stood out so far. 👇 Age of Ambition: Chasing Fortune, Truth, and Faith in the New China

An excellent read on understanding China's rise from a failed communist state to an economic state-capitalism-run superpower.

amazon.com/Age-Ambition-C…

👩‍❤️‍💋‍👨 Gen-Z Dating DAO 👩‍❤️‍💋‍👩

Okay, people. It's taken me weeks to get to this, but let's talk about a DAO that could solve dating for Gen-Z.

And maybe eventually everybody else.

🧵👇

https://twitter.com/andrew__rea/status/1421872353684770816

So let's start with the problem.

Problem A: Dating apps were made by Millenials, otherwise known as old people. Ewww

International Investors & Accredited Investor Status

I wrote a thread on accredited investor regulations & the Series 65.

For International Investors Investing in US startups, this thread is for you.

https://twitter.com/andrew__rea/status/1392978563998044161

First off, traditional accredited investor regulations for US citizens also apply to international investors.

https://twitter.com/andrew__rea/status/1392978565415702529

Accredited Investor Status & the Series 65

For investors that don't meet traditional accreditation requirements, the Series 65 is the side door.🚪

Below is a sample question from the exam.

Could you pass the Series 65? (Answer at bottom of thread) First, let's define the traditional accredited investor.

Meeting one or all of the following gets you through the front door: ⬇️

- Income of $200,000 annually ($300,000 if married)
- Net worth of $1,000,000 or greater (excluding the value of your primary residence)