Co-Founder and General Partner @MF__xyz prev @aptoslabs @Meta @BCG @BlackRock @ConsenSys @MeridioRE
Joined July 2010
- Tweets8.4K
- Following4.2K
- Followers77.3K
- Likes16.2K
Pinned Tweet
Citadel, is one of the most significant hedge funds, and they just dropped tokenomics …
And it’s not what you would have expected
I opened a decent-sized position in Google after the market rout.
Folks are completely over-indexing on large companies’ ability to take advantage of these market opportunities and are fully underestimating that Google has a full-stack solution, unlike most companies that are trying to build one...from scratch
Not sure how to balance the option strat... yet...
My friend @corbpage and others brought up the idea of shorting different parts and segments of a business. A good way to approach this could be by tracking different share classes, or even debt instruments tied to individual subsidiaries. Liberty Media did something interesting here with Formula One, SiriusXM, and the Braves. Beloved MSG, similarly...
But taking that a little further, you're essentially saying you don't trust large, bureaucratic organizations to allocate capital as efficiently as an open public market. That probably applies most directly to companies with multiple multibillion-dollar businesses within the same organization.
There should be indicators that give business managers better signals about where to allocate capital, beyond their own internal perspectives. But if that's the case, then we're also questioning whether these business managers should be business managers in the first place.
I'd actually love to figure out who they are and start voting them out instead. Which probably means taking some kind of activist position, something the average public market investor can't really do effectively.
One thing I've been thinking about is building a dashboard of organizational charts across public companies, where you could evaluate individual executives and vote them up or down based on performance, capital allocation, execution, etc.
Could be fun. Could also lead to the corporate Hunger Games, which is essentially what corporations are anyway.
Moving apart from that and to Corbin's point, if you believe in Google's leadership, then you have to hope they'll eventually recognize when Search is no longer the best place to allocate incremental resources and start rebalancing human capital, energy, compute, and financial resources toward alt/new business lines.
Which is essentially what they're starting to do now.
What's interesting is that Search is still an enormously profitable business. So there's an inherent tension in asking management to redirect resources away from something that's working today toward businesses that may be far more important tomorrow.
And over time, I suspect fewer of the best employees will want to work on legacy Search when they could be building entirely new AI products. That creates another pressure on management, because capital allocation is as much about where talent wants to go as it is about where the money goes.
Their success will depend on how quickly they make that transition, and how willing they are to rip apart parts of the existing organization to get there.
Blockbuster wasn't willing to do that. The taxi industry largely wasn't either.
Facebook, on the other hand, was willing to make those kinds of bets and reallocate enormous amounts of talent and capital toward entirely new businesses.
And behind the scenes, people forget how early some of that work actually started. FAIR was established back in 2013, and PyTorch came out of Facebook's AI research efforts years before the current wave of AI adoption. They were building foundational capabilities long before the market understood what those investments could become.
I think that's what's interesting about Google. They have extraordinary distribution, talent, infrastructure, and financial resources. The question is whether they're willing to reorganize those assets quickly enough, even when doing so disrupts the businesses and internal power structures that made them successful.
And bringing this back to the original point, perhaps the more interesting question is whether public markets can create better signals for how capital gets allocated within these organizations, and ultimately hold the people making those decisions more accountable.
I opened a decent-sized position in Google after the market rout.
Folks are completely over-indexing on large companies’ ability to take advantage of these market opportunities and are fully underestimating that Google has a full-stack solution, unlike most companies that are trying to build one...from scratch
Not sure how to balance the option strat... yet...
4th year supporting @bhorowitz & @FeliciaHorowitz and it still hits.
Watching @GrandmasterCaz and @nilerodgers finally run the real version of Rapper’s Delight on stage is such a point.
The architects of hip-hop finally getting paid in full (financially + culturally) is one of the clearest corrections of the record in music history.
Culture shapes how we see the world and making sure the people who built it get their due has been an amazing mission @paidinfullorg
46 years ago, Big Bank Hank stole the work of @GrandmasterCaz of The Cold Crush. He stole it so blatantly that Hank did not even bother to change Caz's name in the song, which went on to become Hip Hop's first big hit: Rapper's Delight. At the same time Hank's group The Sugar Hill Gang stole the music for Rapper's Delight from @nilerodgers. Neither original artist was paid or credited. But on Saturday Night, they performed the real version. @paidinfullorg @FeliciaHorowitz
Mo Shaikh 🇺🇸 retweeted
companies should be going public at lower Vals or earlier in there life
squeezing out 99% of growth in private markets is net negative
Mo Shaikh 🇺🇸 retweeted
Give your Instinct a budget
Built with @Stripe and @link, we're launching Link balance in @instinct. You can now set a budget for your Instinct to make purchases on your behalf, and Instinct does the rest.
You choose how much money to add and set a limit for each purchase. Your Instinct can spend within those limits, without needing access to your credit card or asking for approval every time.
That means buying tickets as soon as the presale opens, picking up your size when the trail runners restock, or reordering your favorite coffee beans every other week.
Link balance is rolling out to Instinct users across the US starting today, with New York coming soon.
Ask your Instinct to set up Link balance and it’ll send you a link to get started.
Mo Shaikh 🇺🇸 retweeted
Had a great time celebrating legends at the @paidinfullorg awards last weekend
Mo Shaikh 🇺🇸 retweeted
Lots of VCs kindof sound like this: "Your basketball team doesn't have a moat, any healthy human can throw the ball into the basket thingy. "
People who have not run companies before don't understand how much the team matters more than some imagined structural moat.
Shorting gold, long mercury if this is real?
Last month, we demonstrated high-rate alchemy: turning mercury into real, stable gold, beating CERN’s record by a factor of 10.
Last week, we enriched isotopes in the world’s most powerful plasma centrifuge, beating the Soviet record that stood for 40 years.
Now, we’re building a fusion reactor in San Francisco to achieve record power density.
Mo Shaikh 🇺🇸 retweeted
yikes, this is tough
enterprise agents will have to be built differently. you don't want your dd chats appear in your competitor's.
Mo Shaikh 🇺🇸 retweeted
MAYBE I WAS WRONG ABOUT BLOCKCHAIN TECHNOLOGY
I wrote about how I always used to make fun of the guys who said things like "Bitcoin is speculative, but the underlying blockchain technology is interesting." And now I think maybe they kinda had a point.
Crazy tonsee YouTube take so much market share from Netflix!
Creator economy platforms are continuing to scale and will only accelerate with new tools
