these kinds of tables but represented as a multiple (ex: 2.2x) of the fund the investment came from would be very cool RE Figma, the dollar amounts are obvi wildly impressive for those 4 firms. but its more interesting to see what DPI multiple they created. for some of them, I imagine they invested over time across multiple funds, so it's not the most straightforward analysis

these kinds of tables but represented as a multiple (ex: 2.2x) of the fund the investment came from would be very cool RE Figma, the dollar amounts are obvi wildly impressive for those 4 firms. but its more interesting to see what DPI multiple they created. for some of them, I imagine they invested over time across multiple funds, so it's not the most straightforward analysis

spindrift really is an exceptional beverage

I wonder when we'll escape "booking flights" and "folding laundry" as the go-to examples of autonomous ai in consumers' lives maybe its just me, but I find both kinda ... boring?

at the limit, a fully agentic internet will organize itself around markets programmatic ads (autonomous auctions, real-time bidding) were the first and best example of this there will be many more

obvious point but worth restating: on a 3-7yr horizon AI progress creates three enormous areas of 2nd-order opportunity: 1. energy: ai makes the demand for cheap (and clean!) power even more insatiable. eventually energy is intelligence's main bottleneck 2. crypto: at the extreme, a fully agentic future is a future ruled by markets and one that requires trust/reputation in permissionless contexts. blockchains are the ideal backbone for both global markets and digital identity 3. bio: in a world that is more "solved" b/c of ai, our collective health becomes -- by a mile -- the most glaring unsolved problem + ai will dramatically improve our ability to model these incredibly complex systems (our bodies) excited to eventually spend all of my time in these areas

obvious point but worth restating: on a 3-7yr horizon AI progress creates three enormous pockets of opportunity: energy: ai makes the demand for cheap (and clean) power even more insatiable. energy is eventually intelligence's main bottleneck crypto: at the extreme, a fully agentic future is one ruled by markets and one that requires trust/reputation in permissionless contexts. blockchains are the ideal backbone for both global markets and digital identity bio: in a more "solved" world b/c of ai, our collective health becomes the most glaring unsolved problem by a mile + ai will massively improve our ability to model these incredibly complex systems (our bodies) looking forward to eventually spending all of my time in these areas

obvi this is wildly fascinating for the uno reverse aspects but also interesting b/c these are PMs. to date, the active poaching had almost entirely focused on research/eng/execs says something about where we are in the ai talent war cycle and what companies currently believe is valuable

no this Cursor/Anthropic thing is way different. this all happened in the span of a week or so not 5 years this is much more like the time Deandre Jordan left the Clippers and verbally agreed to join the Mavs but his Clippers teammates literally held him hostage in his own home and wouldn’t let him leave until he re-signed with the Clippers. one of the most insane moments in nba history they even bragged about their tactics:

whoever came up with the motion cues / dots on phones for motion sickness really cooked