Thank you @realDonaldTrump for the opportunity to serve our country in helping @elonmusk, @VivekGRamaswamy and the entire DOGE team make efficiency a central tenet of the federal government
- Usha is a distinguished lawyer who has reached the highest eschelon of her profession (Yale Law School, SCOTUS clerk, partner at Munger Tolles) AND is a mother of 3, but all the @nytimes cares about is whether she had "big pearls in her ears and falsies on her eyes." Absolutely
- Replying to @andrewrsorkinAlternate view: the "public" (meaning, non-institutional investors) has long believed that the stock market is "manipulated and not trusted" and they now have the tools and access to be able to level the playing field in competing with institutional investors.
- Very excited to announce that my book, Secrets of Sand Hill Road, comes out next month. I've tried to de-mystify the VC business with the hope that it encourages more people to participate in the entrepreneurial ecosystem.
- This "death of the middle" trend is true of nearly every maturing industry - retail, banking, prof srvcs firms, private equity, etc.This post is unavailable.
- 45 is the new 21, at least with respect to successful startups
- Great thread - VC is indeed tiny (about 0.5% of US GDP), but VC-backed companies punch well above this weight: about 1/3 of total employment; nearly 2/3 of US market capitalization and about 85% of total R&D spend.This post is unavailable.
- I never made Midas List or 40 under 40 (when I was in fact eligible for that age bracket), but apparently have finally made it to the "Tech Investor Boycott List for Palestine" - I am honored to be in such good company; cc @rabois, @mattocko, @JTLonsdale, @mikeeisenberg, @joshk,
- Am I the only person who is just hearing about the existence of Spark on the day of it's shutdown?Amazon shuts down Spark, its Instagram rival launched in 2017; URL directs to #FoundItOnAmazon, its product discovery site similar to its Interesting Finds tool (@sarahintampa / TechCrunch) techcrunch.com/2019/06/14/ama… techmeme.com/190614/p26#a19…
- This is a great read about the (40+ year) "overnight" success of an investment management startup. We are easily fooled by the post-hoc narrative fallacy, but businesses don't just go up and to the right from day one.
- Dear Governor Walz, I sent you an earlier note about a book I wrote to help explain venture capital. It just dawned on me that perhaps you'd prefer the Chinese edition. So next time you are in Tiananmen Square, be sure to visit the local book shop to pick-up your copy. Thanks.
- Had @RoKhanna been alive and representing Silicon Valley in the Vannevar Bush era, the entire history of the United States' global economic and national security dominance that was driven in large part by unparalleled technological leadership might have been very different - andWe need regulations that prevent companies from using AI to eliminate jobs to extract greater profits. Artists at these companies need to have a say in how AI is deployed. They should share in the profits. And there should be a tax on mass displacement.
- Really disappointing to see the US falling to embrace the immigrant talent that has contributed immensely to our economic growthBREAKING: 🇨🇦 Canada creates a path to permanent residency for all H-1B visa holders in the United States. Canada is eating our lunch. This is bad news for America. We need to expand high-skilled immigration or our economy will suffer. canada.ca/en/immigration…
- Would love to be a fly on the wall at @khoslaventures partner meetings - calling your partner garbage may be over the top even for VC's??Garbage is an understatement for MAGA extremists. Biden suggests Trump supporters are ‘garbage’ after comic’s insult of Puerto Rico apnews.com/article/biden-…
