Brien

Work hard, stay humble, be kind. The rest is detail.

@joshelman Hope you got to see the inside, too!

This is literally the coolest building I have ever seen

🙌🏼

@chernobelskiy How do you account for risk?

Alright.. here's how I thought about the problem 1) Modeled Option 1 and Option 2's cash flows (defined above) 2) Took an NPV of those cash flows (note that both interest and principal are cash in flows, even though one is just a repayment of principal) 3) Put together a data table on the delta of NPV using redeployment rate (Option 2's interest rate) as the first variable and NPV discount rate as the second. The conclusion: My argument stands I think .. economically speaking, it's in the best interest of lender shareholders (ie the equity behind the lender) to let go of these loans and have them be prepayed rather than wait for the payment. Note that this doesn't account for probability of prepayment - obviously not all loans will last 28 years. I suppose I could run a monte carlo on this with a distribution of outcomes on prepayment.. but... it's too late for that :D lol Curious what you guys think!

If I'm a lender sitting on a fixed 2.25% mortgage with 28 years remaining, why wouldn't I incentivize the borrower to prepay the mortgage at a discount? Curious to hear your opinion

People who GSD

@mualphaxi You forgot about the pizza

Okay folks I didn't say it was paradise, you don't need to keep replying to me that Chicago has a crime problem. Allow me to introduce you to... Suburban Chicago! Just move there if you don't want to live in an actual city with city problems

Chicago is the most underrated city in the U.S. It is, I must inform the haters, New York's *only* peer. You just have to survive the winter (or leave for 2 months). NYers would get vertigo when they see Chicago rents. Highrise condo for the price of a Manhattan closet

We should call it the Borg Party 🦾

@jefielding Surprising. For quality studios that spin out to seed/A, investability is a fundamental stage gate. Sounds like they made promises to their LPs they’re learning they can’t keep?

I love the idea of startup studios but cringe when I see the cap tables. Of the 250 companies we've backed, only 1 has come out of a studio. Hard model to stomach. But the people who really got screwed are the founding teams who (likely) didn't know what they were getting into :( businessinsider.com/fractal-vertic…

@micahjay1 Good one 😎

I keep thinking... why didn't a start-up come up with that innovative an approach to AR/VR? Many of those use cases seem so obvious now. Is it the capital intensity or is Apple just full of the best of the best?

So... @magicleap headset is looking pretty good, right about now... #WWDC23

It’s awesome, baby! #HU5KIES @DickieV

@Techstars woot!

@thedanigrant This is great! Thanks for sharing this.

If you're a PM embarking on being a founder, good luck! Reach out if I can help. Rooting for you.

Instagram and Notion have ex-PM founders. So I thought it’d be easy to jump from PM to founder. Here’s everything I wish I knew going from PM to founder:

@chrisfralic How quickly did you send the wire?

good night, mr / chris fralic, he hoped they are well with his family. the reason for this writing is born with the idea of making your knowledge of a project that I have ready, and I am in the phase of looking for an investor, in this sense you have been identified as one of the possible investors.

@bznotes A lot of R&D money in both…

Just as #DefenceTech and #ClimateTech sectors start to look *hot* from investment activity pov, my 2cents worth of advice to new founders: - don’t enter this space because it looks hot - Customers don’t pay for R&D advances in these sectors - don’t build what you think VCs want to see you build. Build products you can sell to customers - protect financial resources like there is a downturn about to hit you

@jackmcclelland I would echo there comments re: venture studios. This is what we do 🤘🏼

before pre-seed is the idea-formation / validation stage - what are some interesting programs or people focused here?

Serious question: are there any modern product demos better than the ones from @BostonDynamics?

@DougBernstein Ditto.

@bznotes If you call the police station, you could probably ask if someone was visiting your house. If it was legit and on duty, he probably would have called in his stop.

@BrienBuckman That’s before anyone answered the door. Then he disappeared seconds after that.

Is this Menlo Park Police (@MenloParkPD)? This guy came up to our door yesterday evening and rang the doorbell. When my wife walked towards the door he heard footsteps, and instantly disappeared.

@bryce Congrats! Much work and success ahead 🚀

Indie update out.