RareMintLab
2.6K posts

RareMintLab
@RareMintLab
High-end crypto accessories of all the crypto ecosystems, NFTs and protocols. DM for custom designs and info.
Australia انضم Ocak 2022
819 يتبع767 المتابعون

@EvanLuthra Tell that to Alex Hormozi who is all about charge and market as much as possible 😅
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🚨A 25 YEAR OLD BUILT THE FASTEST GROWING SOFTWARE COMPANY IN HISTORY.. WITH ZERO MARKETING SPEND.. AND SPACEX JUST OFFERED $60 BILLION TO BUY IT..
His name is Michael Truell.. He started coding at 11.. Interned at Google at 18.. Dropped out of MIT to start a company that built AI tools for mechanical engineering..
That company failed..
So he pivoted.. And built Cursor.. An AI-powered code editor that writes software for you..
Here's how fast it grew..
$100 million in annual revenue in 12 months.. Fastest in SaaS history.. Broke every record ever set by Slack, Zoom, and Wiz..
$500 million by month 21..
$1 billion by November 2025..
$2 billion by February 2026..
Projected to hit $6 billion by end of year..
Zero marketing spend.. Not a single dollar.. Pure word of mouth from developers who couldn't stop talking about it..
Over 1 billion lines of code accepted per day.. Used by 70% of Fortune 1000 companies.. Every single one of Nvidia's 40,000 engineers uses it.. Coinbase hit 100% adoption among their developers..
And he did this with a team of four MIT co-founders.. One of them was a three-time International Math Olympiad competitor from Pakistan.. Another was a college squash captain with zero startup experience who built the entire product strategy..
They spent zero on sales.. Zero on ads.. Zero on growth hacking.. The product sold itself..
But here's where the story takes a turn nobody expected..
Even at $50 billion valuation.. Even generating billions in revenue.. They hit a wall..
Not a market wall.. A physics wall..
They couldn't get enough GPUs to train their next AI model.. The physical chips didn't exist in sufficient quantities for them to buy.. Money couldn't solve the problem..
Enter Elon Musk..
On April 21.. SpaceX announced a deal to potentially acquire Cursor for $60 billion.. The largest acquisition option in tech history..
The structure is insane..
SpaceX gives Cursor immediate access to Colossus.. xAI's supercomputer equivalent to one million Nvidia H100 GPUs.. For nine months of joint development..
At the end.. SpaceX can buy the company for $60 billion..
If they don't buy it.. They owe Cursor a $10 billion breakup fee.. The largest breakup fee in corporate history..
Think about what that means for Cursor..
Either they get acquired for $60 billion.. Or they walk away with $10 billion in cash and nine months of free training on the most powerful supercomputer on earth..
There is no losing scenario..
And here's why Musk wants it..
SpaceX is preparing for an IPO at $1.75 trillion.. The biggest IPO ever.. But aerospace alone can't justify that number..
By merging xAI into SpaceX.. And now acquiring Cursor.. Musk transforms SpaceX from a rocket company into an AI empire that owns the compute, the models, and the developer tools..
Cursor is the missing piece.. The application layer that puts xAI's models into the daily workflow of every Fortune 500 engineering team..
Oh and one more thing..
In 2022.. FTX's trading firm Alameda Research made a seed investment in Cursor.. During the FTX bankruptcy.. Liquidators sold that stake for $200,000..
That stake is now worth approximately $3 billion..
Sam Bankman-Fried called it the worst liquidation decision in venture capital history.. From a prison cell..
A failed mechanical engineering startup.. Pivoted by four kids from MIT.. Zero marketing.. Zero sales team.. Built the fastest growing software company in history..
And now SpaceX is writing a $60 billion check for it..
This is the most insane founder story in Silicon Valley history.. And most people haven't even heard of Michael Truell.
FORTUNE@FortuneMagazine
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@S_GerardRennick So isn’t it sus that just before fiscal budget reveal in May, with deescalation of the Iran conflict no where in sight, somehow we have almost back to pre war fuel prices (mainly unlead) all of a sudden?
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@JacintaAllanMP This lady is “robbing less of your money to win your vote and trust back”, real subtle
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@TolsonKiefer @TopherField Yea i meant to specify the unlead petrol is pretty much back to normal, diesel is still up there.
if the 3 SE Asia countries that we get most of the refined product from are getting their crude from ME, Hormuz is still closed.
The current price seems oppressed artificially.
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@RareMintLab @TopherField 30c per litre removed in tax. Diesel at $2.70 vs $1.60 pre war. Hardly back to where it was.
Diesel is the issue.
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I think there are some chicken-littles that owe me an apology. This is what I just paid for Diesel, and prices everywhere are improving rapidly.
Its taken a little longer than I expected but I predicted from the start we would get through this without any of the 'doomsday scenarios' coming true, and here we are, through the worst of it, still intact.
The fuel shortage is serious, yes, and its yet to have its full knock-on-effect on the economy, I'm not saying it was trivial or that it didn't hurt, but it was NEVER worthy of the fear-mongering and predictions of doom we've seen from some quarters.
Comments are open for apologies below.

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@hbdbrett @TopherField And fiscal budget reveal is coming up, it’s a little sus.. feels like a political move to calm the unrest
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Topher, didn't the government reduce fuel excise by about half? That would artificially keep prices low. Also, if th was reduced by half, the government would be losing about $30 million a day in revenue. Wait for cuts to other services to make up the shortfall.
I don't know if you are following the situation in the Middle East currently, but it is far from stable.
The US, and particularly Israel cannot be trusted to pursue a peaceful resolution. It is definitely not in Israel's interests. It would interfere with their "Greater israel" agenda.
The US regime does not want to face humiliation, so they are likely to restart hostilities, at the behest of Israel, of course.
And all that buffoon Trump, and his warmongering cronies are interested in is making billions from insider trading because they all know what Trump is (being told) going to say.
I hope I am wrong. Because if another round of aggression takes off, economic chaos is likely to ensue.
Where the US goes, death, destruction, and misery follow.
Topher, if I were you, I would wait a few more weeks before asking for apologies
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@melrob74 @crikey_cam @GrumpyOLSoldier @dehiggs5 For argument sake sure.. but wouldn’t it be a big “stfu” if he just show Cam some evidence and eviscerate his argument utterly and make him looking like an idiot?
I don’t know..🤷🏻♂️
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@RareMintLab @crikey_cam @GrumpyOLSoldier @dehiggs5 The way I see it if you make an accusation you should be able to back it up! Especially considering the seriousness of the accusation he has leveled at Proud Soldier.
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@melrob74 @crikey_cam @GrumpyOLSoldier @dehiggs5 As far as we know, both of them can be LARPing, no receipts
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@crikey_cam @GrumpyOLSoldier @dehiggs5 Yours might not be based around your service, but you’ve just declared you signed up, how do we know you’re serving or have served, prove that you’re not just a keyboard warrior!
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@crikey_cam @dehiggs5 @GrumpyOLSoldier It’s an odd argument to make… “no one owe you anything” - claiming to have been in service but don’t provide receipts.
These days no receipts is just LARPing..
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@dehiggs5 @GrumpyOLSoldier Indeed. But I find it deeply interesting that you take this account on blind faith that they are an Indigenous former service member.
They offer no proof, that they were, and have never used any ADF terms, stories or language that someone who has served does.
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@Borindas_Lament @MaulingWallSt Bro “incoming”means future tense you dumb cunt, settle down and read properly..
This is your first day on internet?
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@RareMintLab @MaulingWallSt There was no massive granting you lying racist piece of shit.
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@FranMooMoo Whoever did that won’t last few minutes with the veterans
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@Ozarkmd @MaulingWallSt Incoming mass citizenship granting to particular demographic to tip the scale towards ALP…
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@MaulingWallSt Australians are waking up they don't want to be like the UK take over
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@CryptoMikli The price of her financial freedom/empire is the potential of many younger people… totally fried brain zombie..
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Amouranth reveals she owns 4 gas stations worth ~$14,000,000
“When it’s like $3 million, it’s usually gas station stuff. Gas stations are like $3 million each. I think I have about three right now, and I’m working on a fourth. Each one is worth about $3-4 million, because that’s the land plus all the facilities”
“I don’t really know the yearly cash flow off the top of my head, because I don’t really look at them for profitability. It’s more so I can reduce, on paper, how much I’m making to the IRS, because I have all these business expenses”
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@7NewsAustralia Can someone explain as to why the fuel price has drop quite a bit in Australia while the conflict and blockade at Hormuz is still ongoing?
Is it a political move before the fiscal budget reveal?
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Australian families are bracing for a significant blow to their grocery budgets, with vegetable prices expected to double as fertiliser costs surge across the country.
Fertiliser prices have jumped dramatically from around $800 a tonne to $2,000 a tonne, representing a staggering 50 per cent increase in some markets.
The price hike is placing enormous pressure on Australia’s food production sector, as dry conditions and rising costs force farmers to reconsider their winter planting strategies. #vegetables #vegetableprices #costofliving #fertiliser #farming
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@kjsnioctib @JEChalmers We are so cooked…
Absolute retards at the top..
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@JEChalmers You took 7 days to find 3 days worth? 😂
If you keep working at the same pace without stopping we will still run out.
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@elonmusk Do you know anything about the idea of a Technate that was proposed by your grandfather?
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