it’s genuinely staggering that the New York Times pays reporters for insights this complex and insightful about the state of Venture Capital

the real innovation of LLMs is suddenly opening up a few trillion of mainstreet paperwork businesses that were traditionally too small and too weird for private equity, that can suddenly transact at 2/20 on some nebulous ai labor arbitrage trade. never bet against aum growth

over the next few years a majority of the population will outsource their taste, their opinions, their thoughts, their work, and ultimately their lives to language models. the great cultural norming is coming, you will be unbelievably powerful if you resist model capture

people are motivated by mission when there’s no money people are motivated by money when there’s no mission

with the exception of museum quality/rareness, antique prices have fallen off a cliff over the past 10 years. you can decorate your home like a 18th century royal with pieces unthinkable 99% of humans across history, but instead you live amongst minimalist ikea slop

22 mile day in the english countryside

its genuinely shameful that the information just straight up cloned @tbpn

the reason tech has been able to grow so quickly and create so much wealth is that it ritualized a set of norms around corporate governance that are very distinct from what the law actually requires. the second someone defects, the whole ship goes down.

the happiest successful people i know don't seem to be any smarter, or any more considered, than the unhappy accomplished miser: they just seem to have spent way more time finding the perfect setup. they've spent the time to make their setup in the image of its maker.

the basic trade-off of modernity is that you are receiving infinite access to information at your fingertips in exchange for giving up the ability to make sense out of any of it. you will have infinite knowledge, calories, pleasure, money, and it'll all be worthless to you