Heaven can’t be real because we’d be hearing Steve Jobs losing it.
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Eric Gravengaard
921 posts
Eric Gravengaard
@EGravengaard
Dad, @AthenaBitcoin Founder, CFO, studied where all the fun went to die (MIT, UofC)
Chicago, IL Beigetreten Mart 2011
382 Folgt646 Follower
@AndrewSteinwold At this point, my goal in life is to secure spots for my grandchildren on the equivalent of the Mayflower to Moon or Mars.
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How are we supposed to colonize the moon and mars without it being the equivalent of an evil prison?
Hardly any sunlight, little to no vegetation, significantly reduced gravity, harmful radiation
I’m all for colonizing the galaxy but until we edit our genes to combat the above, I don’t see how it’s viable
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The definition of the NYC problem:
- Mid-30s with a $4mm net worth
- Net worth only increasing by $300–400k/year
- Will only retire with a low eight-figure net worth
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For years, Safeway has used your money to buy food and stock it at their stores for you to buy in your neighborhood. We should ban them from doing it - but allow you to use your money and time to drive out to a farm and buy your own produce.
Josh Hawley@HawleyMO
For years, Wall Street has used your 401k money to buy single family homes. We should ban them from doing it - but allow you to use your 401k to help you buy a home, without penalties or caps or taxes.
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@BullyEsq Acoustic Panels. they make your home office sound like a recording studio during meetings.
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My two favourite politicians. Coming from different angles, but they both end up proving the same point.
Nayib Bukele@nayibbukele
You can LITERALLY incarcerate your way out of violence. That’s precisely why incarceration exists in the first place.
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@William_Blake @Jason_A_Scharf Was your brother also an extra? Tell him I said hi.
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@DrPhiltill Its politics. Ask yourself why Jeff Bezos doesn't own a nuclear powered yacht. I'll wait...
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For over a century, space enthusiasts like myself have looked for economic pathways to this type of future. Asteroid platinum? Space-based solar power? Lunar water economy? What’s the pragmatic business case that will drive any of these forward, today? With environmental costs pushing data centers into space, I believe we can finally see the golden path. I could be wrong, of course, but it truly looks like things are different now.
Jack Kuhr@JackKuhr
Jeff Bezos at Italian Tech Week this morning talking Blue Origin, cryogenic storage, Moon's advantages, space gigawatt data centers, and millions of people living in space
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@Ken67547214 @Xaraphim To fly at an airshow, I would replace the engines with simpler ones. It doesn't need to go Mach 3 or exceed 300 knots.
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@Xaraphim Yeah but you still need a supply chain. Planes go through parts quickly. There's a whole sustainment plan that goes into keeping them operational.
Each type/model/series is like a nieche industry
Maybe if there's a stockpile of parts and surviving pilots, you could figure it out
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how much would it cost us to get 1 sr-71 operational again
just enough to fly at some airshows
Habubrats SR-71@Habubrats71
Turn up the volume and listen to the lullaby of my childhood
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@MFG_SMB Reality vs. expectation and wanting to sell for above worth and retire vs. selling at fair value means a lot of this stuff will go to auction, go to scrap, or sit and rust instead of being reindustrialized. Not everything needs to be new, but not everything retains its value.
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today i ran an experiment that exposed what i believe to be one of the biggest threats to America right now
i attempted to buy a small manufacturing company from a retiring owner
the owner told me at one point they used to have way more employees and did way more sales than they did last year. There’s a lot of potential and he’d be willing to sell for 8X. He stressed the point “we don’t even have a sales team, so if you just focus on sales we could grow fast"
the owner also said “my machines alone are worth a couple million" because that’s what he paid for them over the past 10-20 years, and he said he is getting calls/emails everyday of people wanting to buy his company
i tried explaining the limited asset value of 20yr machines and the difference between assets in place, fair market value, and liquidation value. He was pretty set on what he “heard” he could get for his company
so I changed the subject and asked about his workforce he said, “we have 8 guys but 5 of them are getting ready to retire like me, I hired them when I took over from my dad in the 90’s" and then said “kids nowadays just don’t want to work" while he puffed his cigar in a smoke-filled shop
this is the reality: America is losing it's industrial future while small companies get stuck in the valley of death between owners retiring and outdated culture/ways of thinking
this is why 50% of our small manufacturing companies could shut down and liquidate. They don't have succession plans and frankly many are unattractive, complicated and low-margin business that will take a mountain of effort to turn around. Instead of taking over the family business (as gen X was told they had to do) Millenials just got jobs making more than their parents without the stress of running a company/making payroll
if we want to support reindustrialization and domestic manufacturing, we need operators who understand the industry to step up to ownership and have a way to do so that doesn’t put everything they own on the line. We need patient capital and economic policy to empower them And we need real tech (made by people who have actually been in factories) that can enable them to do what they are good at (making parts) and less of what they hate (paperwork)
otherwise the factories of tomorrow won't be american, they'll be chinese. but at least we'll have another b2b saas platform with a 40x revenue multiple
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@Object_Zero_ Its not just in reindustrialization. This is why toilet paper goes out of stock when comedians joke that there is a shortage.
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Reindustrialise
One of the big challenges for reindustrialisation is ‘Just In Time’ supply chains that are extremely brittle and optimised to have minimum capital employed, because capital employed has an opportunity cost.
The downside of JIT is that as soon as demand picks up unexpectedly, the lead times all blow out because stockpiles are illiquid.
Blown out lead times then hurt every potential buyer because everyone has fixed costs and overheads to pay whilst they wait for the extended lead time.
If an economy wanted to expand its manufacturing base, it should modify its accounting laws such that unsold stock provides some sort of tax shield.
eg value unsold stockpiles of some goods at market value, rather than cost of sales.
This way when demand driven price shocks happen, they reward the companies holding stockpiles with big tax reductions.
This would improve the liquidity of some goods that are important to industry.
There must be dozens of similar policy improvements that could aid the redevelopment of the manufacturing base with the flick of a pen?
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@mattdykema $2M EBITDA or $2M revenue? Big difference.
I know two groups that have bought similar firms and are struggling to hit PE growth targets.
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I know of 3 current CNC machine shops ran by boomers making over $2 million dollars a year with steady DOW contracts
They are ready to retire with no plan on who will take over the shops.
This is a manufacturing crisis happening across the country with no plan to rejuvenate
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@MFG_SMB @zanehengsperger @Tyler_Plummer @aphysicist Job board for manufacturing/defense tech
reindust.com
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Manufacturing X: ROLL CALL
What are you doing, building, solving in 5 words or less?
Example
@zanehengsperger
Metal Distribution, faster, better, cheaper
@Tyler_Plummer
Die Casting & automation
@aphysicist
Ai automation for Tool&Die
Retweet appreciated
Build list!
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It’s interesting that Berkshire are apparently not engaging with the AI infrastructure boom at all.
They aren’t even buying the businesses they can understand that would benefit from the infrastructure spending cycle, like the electricity grid, nuclear plants, or old coal mining operations.
Berkshire Hathaway: $348 billion
Apple: $133 billion
Alphabet: $95 billion
Microsoft: $95 billion
Amazon: $93 billion
Taiwan Semi: $81 billion
Nvidia: $57 billion
Meta: $47 bilion
Tesla: $37 billion
UnitedHealth: $32 billion
Visa: $22 billion
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@KayraYasa @aaronneman Its pretty much BYO at this point, but yes.
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@EGravengaard @aaronneman Ooooh, can we use dozers on it? That’d be brilliant, thank you so much for thinking of us!
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If your first test is not on a plastic utility cart in a borrowed parking lot you’re doing it wrong
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@basedjensen Where will you field test it?
I know someone who bought a 1,000-acre ranch in Texas and wants to turn it into a firing range for defense startups.
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