Cory

@martin_casado Only things I'd add are ARR/head to get a proxy for how opex is scaling with ARR growth (super or sub-linear) and break out variable gross selling burn from net burn (leaving net opex burn) to understand if the business is getting closer or further away from opex break even

@runwayco (inserts two column months hard-copied from the L3M avg)

When your CFO slacks you at 4:58pm on Friday with "hey can you model real quick what happens if we push those sales hires by two months"

“let’s just use google sheets it’s basically the same as excel”

Microsoft Excel should be taught as a full course in schools

There is a real risk of false positives right now because in almost every industry, every company feels pressure to buy "AI". I do think the potential is huge, but founders will find that the strength of customer signal or even early traction may be a head fake.

@BenjaminT007 @semil @ewiesen But then running the model and delivering on that revenue (and, in alot of cases, the freemium usage that is supposed to convert to revenue later) results in low or no (or even worse, negative) margins. Call it indirect capex.

@CoryMichaly @semil @ewiesen Maybe a handful of cos like this (e.g. eleven labs) but majority of business apps are a foundation model w/ some fine tuning + software

Interesting take below on some - perhaps not all - fast scaling AI business apps.

@BenjaminT007 @semil @ewiesen My guess is he means high COGS / training cost

@semil Is @ewiesen referring to AI business apps here? most AI business apps aren't high capex

Moving from monthly to annual pricing has its place 💔But it >doesn't< reduce churn It just masks it for 2-12 months 😢It doesn't make the product any better, or customers any happier It just traps them a little longer

In 2022, you could blame the markets In 2023, you could blame "macro" impacts In 2024, you could still claim we were in a "downturn" In 2025 -- you've run out of excuses

> take over an operation struggling to make interest payments > fire management > replace with your own operations teams > find ways to cut excess spending and streamline processes > use cash for new fund the USA is deploying the private equity playbook and it’s beautiful

the $500B supercomputer project “Stargate” was announced yesterday. its backers hope the infrastructure will allow users to run chrome, excel and slack at the same time

Northbound 101 at South San Francisco

microsoft excel

Lacking real problems, a lot of people immediately stress out about fake or minor ones. It's like there's a minimum level of stress that they require.

dad, are you a tier 3 vc?

New study: An analysis of 400 occupations found that taxi and ambulance drivers had the lowest proportion of deaths from Alzheimer’s—raising the possibility that constant stimulation of the hippocampus, used for navigational and spatial processing, might be protective

One of the ships involved in Russia’s evacuation from Syria, the cargo vessel Ursa Major, reportedly suffered a major engine room explosion in the Mediterranean and sank earlier today. Spanish press reports that 14 crew have been rescued, 2 are missing.

the reason you feel insane is because all of your "hobbies" are nothing more than glorified consumption. you won't find God in $15k a month of skis, camera gear, or coffee machines. you NEED to create something, just go BUILD, a chair, a bench, carve some wood, anything, please

I think about this photo a lot

“ai is coming for your jobs” i’d like to see ai play golf with the ceo of the company you want to buy