Building wealth via friendships. Giving Startup Employees the Credit they deserve @TechdollarHQ
NYC
Joined March 2015
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Mike VP retweeted
Techdollar's USDte is now live.
Mint directly at: app.techdollar.com/earn/mint
Supply caps will be raised in the coming days.
Mike VP retweeted
Measuring the Swarm Economy
Existing AI benchmarks fail to measure the growing capabilities of multi-agent systems. New metrics are needed as these systems begin to reshape society.
Read the new article by Gavin Morrison (link below):
Mike VP retweeted
The CEOs of @Apple and @Meta are tweeting about how efficient it is to run inference on Mac Silicon
Someone should really build a distributed inference network that runs on top of Mac Silicon.
It's probably a $10b company or protocol. 🙃
Mike VP retweeted
for half of the things I do in my job on a daily basis, there's some old AVC post deeply relevant to it
so when I get Fred's take on something usually its more like "hey I know what your take on this topic was 10 yrs ago -- do you think this still holds"
was a fun hour riffing on some of these evergreen topics:
avc.com/2011/02/difficult-is…
avc.com/2017/05/investor-vcs…
some moments that stuck with me:
- I contend that most of the most important "networks" have already been built. Fred disagrees
- I contend that mega-VC has put immense pressure on the USV model and that non-operator investors are disadvantaged. Fred suggested both may be true but can be made up for by working harder
Writing a check doesn’t qualify you to give advice.
When @fredwilson was 29 he tried to show up to a board meeting and start giving advice. One of the founders stopped him, “come do every job in the company for a week, then we’ll listen.” So he flew to Buffalo and did it.
With @uninsightful staying at USV as an Investment Partner, I asked the two of them to sit down and compare notes on a business they entered almost four decades apart.
Nikhil is the first analyst in our program’s 20-year history that we've offered the opportunity to stay and move up in the firm.
They covered earning a founder’s trust, building conviction before your partners agree, and staying open to ideas that challenge your strongest held beliefs. They also got into where USV has been right, where we’ve been (very) wrong, and how the venture business is changing.
0:00 Preview
1:46 Why Difficult Founders Make the Most Money
5:20 Before You Give a Founder Advice, Earn the Right
11:28 @fomo: We Passed. Then Spent Six Months Trying to Get In.
20:20 Biology Is Becoming Programmable and Opening Up to Outsiders
22:49 When Knowing Less Helps You See More
26:34 How Do You Compete With a $100 Billion VC Firm?
34:45 Why Fred Would Take His Company Public
38:01 What USV Gets Wrong About Founders
40:47 The Moat AI Hasn’t Broken: Network Effects
44:33 Who Wins When AI Becomes Multiplayer?
Mike VP retweeted
we are hosting a small drinks event for friends in new york
mostly with our partners, comms friends, and guests of the show. if you are in the area, we’d love to see you!
partiful.com/e/zwHpm3ifk5vpm…
Companies staying private for 10 to 15 years created a weird reality: employees with millions on paper who can't cover an AMT bill or buy a house.
Life doesn't pause for an IPO window that keeps getting pushed back.
Mike VP retweeted
techno, tacos & tequilla
tomroow night with @techdollarhq at the corgi cafe
RSVP: luma.com/c5571ank
🤖 Made with AI
Mike VP retweeted
POV you use Techdollar
series A - wow i love my company
series B - wow i love my company
series C - wow i love my company
series D - wow i love my company
series E - wow i love my company
series F - wow i love my company
series G - wow i love my company
series H - wow i love my company
series I - wow i love my company
series J - wow i love my company
series K - wow i love my company
series L - wow i love my company
series M - wow i love my company
series N - wow i love my company
…
series A - wow that is A lot of money
series B - you can get a Boyfriend now
series C - Cool, we have HR now
series D - we’ve started hiring Dumbasses
series E - Eeeee we’re a big company now
series F - Fuck me when are we going to IPO
series G - Give me some liquidity
series H - Help me i’m poor
series I - IPO when
series J - Jk we are not going to IPO
series K - Kidding, still no IPO
series L - taking the L because there is still no IPO
series M - Millionaire (on paper)
series N - Never seeing that money
…
series Z - Zero liquidity
If you didn't know, there is a liquid market for Anthropic.
Congrats to @entropyIO team on solving this ~
Mike VP retweeted
Support teams spend their days digging, escalating, and re-explaining.
Today we're launching Clad: AI support done right.
Here’s how it works 🧵
Mike VP retweeted
Borrow up to $3,000 based on your Ethos Credibility Score. No collateral, no liquidation and no KYC.
@ethos_network users with a score of 1800+ are eligible.
Mike VP retweeted
Thank you to the @CFTC Innovation Advisory Committee members for joining us at the inaugural IAC meeting & making it a success.
Under @ChairmanSelig’s leadership, the @CFTC is ensuring America remains the best place in the world for builders to shape the new frontier of finance.
One week ago, the @CFTC convened the Inaugural Innovation Advisory Committee Meeting, bringing together leaders across finance for critical conversations on the technologies, policies, and decisions that will shape the new frontier of finance.
These discussions laid the groundwork for a path forward to advance innovation, strengthen America’s financial markets, and ensure the US leads in building the future of finance.
Mike VP retweeted
Time to make something great.
We are releasing the first liquid way to trade Anthropic.
For far too long, frontier assets have only been accessible to a select few. We are here to bring them to the masses.
Introducing EntropyIO. We’ve raised $14M led by Ribbit Capital and a $40M HYPE stake to build both improved and entirely new markets, the first of which are live on Hyperliquid today.
Mike VP retweeted
We are releasing the first liquid way to trade Anthropic.
For far too long, frontier assets have only been accessible to a select few. We are here to bring them to the masses.
Introducing EntropyIO. We’ve raised $14M led by Ribbit Capital and a $40M HYPE stake to build both improved and entirely new markets, the first of which are live on Hyperliquid today.
Mike VP retweeted
1/ We’re proud to co-lead @KettlePay’s round and back its expansion of B2B stablecoin payments, beginning with the luxury watch market
We’re excited to co-lead Kettle Pay @kettlepay's seed round as it builds B2B stablecoin payment infrastructure for the global luxury market.
Applaud this. Employees get immediate liquidity and join a behemoth company.
Founder continues his mission and can recruit at a place of strength.
