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The world is going to keep getting better because people are going to keep making it better.
Techno-Industrial Deep Dives:
Replying to @aditisuresh12
@packyM has been doing animated covers using @runwayml. Here is today’s open.substack.com/pub/notbor…. More thought experiments would be coool
Packy McCormick retweeted
Q3 was Flex’s strongest quarter yet as we build the global financial home for HNW business owners.
A few highlights:
- Revenue grew 2.5x YoY at scale
- $20B+ annualized TPV
- Revenue outside business cards grew 7x YoY
- Accounts Payable now accounts for ~39% of revenue
- Texas and Florida are our largest markets, with customers across construction, wholesale, healthcare, ecommerce brands, local government, and more
- 98% gross logo retention
- Global banking now represents 12% of revenue, up from just 0.4% at the start of the year, fueled by spend management, stablecoin, and multi-currency accounts
- Canada is our largest market outside the US, followed by the UAE
- Cross-border payments revenue grew 5.5x YoY
On the consumer side, thousands of HNW individuals have joined the waitlist for Flex Elite, our new personal credit card offering up to 5% cashback on everything.
We're onboarding members in phases. DM us for priority.
Our ambition is simple: build the full financial home for founders, across both their businesses and personal lives. And every quarter reminds me of how underserved traditional businesses are globally.
I joined Gstaad Guy's podcast to share what we've been up to. Watch below.
Everyday Low Power Prices (EDLPP)
Replying to @Walmart
@Walmart has spent more than 60 years helping Americans save money and live better. We built Base to do the same for home energy.
Today, Walmart and Base announced a strategic agreement and investment in Base. Starting Monday, Base’s energy products will be available at participating Walmart and Sam’s Club locations.
corporate.walmart.com/news/2…
feels pretty obvious that the lack of funding for zany early ideas because of the structure of venture and the crowding into winners that people are bemoaning will be solved by the new zillions of centimillionaire angels.
Weekly Dose of Optimism #217
cover gif by @runwayml
Anduril BlueChip Computer
OpenAI disproves ETH (+ more)
Anthropic targets drug discovery
Robot+Agent do Mouse Brain Surgery
Readwise does Books
Reta works on Sleep Apnea, too
Neuralink gives back VOICE
+ Extra Doses
What a week for the optimists.
Read All the Good News That's Fit to Print in this week's Weekly Dose from @notboringco, presented by @reductoai with videos by @runwayml
notboring.co/p/weekly-dose-o…
Packy McCormick retweeted
Before I visited Pennsylvania, everyone warned me that Philadelphia people are the toughest, most impatient people in America.
I believed them until I walked toward the front door of a Wawa gas station.
I was still forty feet away in the parking lot, walking between rows of cars.
A massive construction worker in steel-toe boots, carrying a twenty-four-ounce coffee in one hand and a paper-wrapped hoagie in the other, pushed open the glass door to leave. Then he saw me.
He stopped. He planted his boot against the bottom of the door. And he waited.
Forty feet is a very long distance when a grown man is holding a door for you in the wind.
In Japan, to make a stranger wait carries great shame. So I broke into that awkward half-jog every man performs when he wishes to show gratitude without looking like he is fleeing a crime.
"Go ahead, boss," he said as I passed.
Ten minutes later, as I walked out with my own sandwich, I saw an elderly woman locking her car thirty feet away.
I planted my foot against the glass. I held the door.
Another man behind me held the inner door. Within seconds we had formed an impromptu honor guard of grumpy men holding glass doors in complete silence.
Philadelphia may boo Santa Claus.
But inside the three-foot radius of a Wawa doorway, they have the manners of the imperial court.
Monster.
Vampires who feed on screen time.
Witches who predict the next big thing.
Ghosts who haunt your past decisions.
Introducing The Monsters of Finance X 🎃
The 100 accounts that haunt your timeline:
monstersoffinance.com
Sir Isaac Newton would be there if he were still with us.
Want to learn more about @MarathonFusion?
I'm hosting an experience at their SF HQ next week. Come meet the team, see their plasma reactor, and learn about work they're doing to build the future!
Limited space, RSVP on the event page below!
It’s here.
What a subtitle.
The benefits of abundant intelligence will accrue far outside of San Fransisco.
Spent the last year writing about capital, sovereignty, and the coming reordering of economic power.
THE COMMANDING HEIGHTS
Commanding-Heights.com
LIFE
11.23.26
LIFE returns to print 11.23.26.
Read our Editors’ Letter and learn more about the new LIFE here: new.life.com
They say reading is on the decline, but I’m at 66.6k words this week and I’m only in 49th on the Readerboard.
All the readers are on Readwise Books. It’s delightful, my favorite app. There are a bunch of little things they do to make the reading experience better and it’ll only get better from here.
Come join and try to outread me.
The limits of intelligence discussion unlocked a weird idea which is something like: what if humans evolved to have the optimal level of intelligence for the universe?
Obviously, computers/AI can be faster, hold more memory and knowledge, and coordinate at greater scale, which means they'll be able to do (and are already doing) things that we can't, but maybe they don't get much better than us at figuring things out given the same data.
Deutsch calls humans universal explainers, capable, in principle, of understanding any explanation that can be understood.
Maybe beyond some level of intelligence, progress becomes increasingly constrained by access to reality, which seems right, but the weird idea is that maybe we basically have that level of intelligence.
Which maybe means AI will be more capable than us but not as incomprehensible to us as we are to ants or something.
Also makes me wonder if we could keep up given upgrades to memory/storage, etc... like a more collaborative version of the WaitButWhy Neuralink and the Brain's Magical Future argument.
Half-baked, but it's an idea I hadn't had before listening to this.
Cliff Sosin (@CliffordSosin) is one of my favorite people to call, ask some big questions, and then shut up and listen.
This conversation is a version of one of those calls.
We discuss:
- The limits of intelligence
- Owning the complements to it
- Meta, the frontier labs, and the AI build-out
- Capital markets
- Why he's comfortable with 80% of his portfolio in Carvana.
TIMESTAMPS
0:00 Intro
10:41 The Limits of Intelligence
18:03 Investing Beyond Cheap Intelligence
24:03 Will AI Become Commoditized?
35:10 Who Profits From AI?
43:00 AI Agents Reshape Competition
52:06 America's Capital Markets
58:04 Transforming Companies With AI
68:19 AI and Portfolio Concentration
73:16 Education in the AI Era
The TestFlight is my most used app after X
we've been quietly cooking on something big at @readwise...
not an AI thing, but the vision we originally had when we started the company
invites going out this week!
































