alekᵍᵐ (👷‍♂️,💸)

@Konstantine What I’m doing - allow me to dm and you’ll know exactly how deep I’m in this game linkedin.com/pulse/where-co…

I've been wondering for a while: Where is Costco for Software? There is something honest about Costco. For decades they have delivered high quality product for low prices. They don't sell "brand" or hype- they sell quality in mass. That's why it is one of my all-time favorite companies, both as an admirer of the business and also as a customer. It's probably also why Costco is approaching half-a-trillion dollars in market cap. It name says it all: Costco is the "Co" all about "Cost." For decades, Costco has committed to keeping their margins low. Very low. In fact, they have an unofficial cap of 15% gross margin on most products. Compare that with the 70-90% gross margins we've come to expect in software and you may know where I am going here. The 15% margin cap is a powerful principal. Here's a story from Costco lore: Costco bought 2 million designer jeans for an all-in price of $22 per pair. This was $10 less than the firm had sold the same jeans for in the past (about $32). This meant they could keep the $32 price and enjoy a ~50% mark-up on the jeans and no customer would no the difference. Plus, they could feel morally good because they were still selling the jeans for half the cost of other retailers. An exec at the company recommended they keep the $32 price tag. But Costco’s founder James Sinegal would have none of it. He intervened and insisted that they mark up the jeans just 14% to $25. His was that the "contract" with the customer - very low prices and an unofficial 15% margin cap - must never be broken. This is in large part why customers love the company. Costco's Net Promoter Score (NPS, a metric that measures customer loyalty and satisfaction) leaves other retailers in the dust and even exceeds that of Amazon in most surveys: There are many NPS scores for Costco, but Comparably for example shows Costco as #1 globally and ahead of all it's retail competitors. Where is this DNA in our software industry? Software margins are usually 70-90%. No margin stays at 70-90% forever. Who is building the Costco of software? My guess is that this might be part of the vision with X.com, starting with social and then bundling the "everything app" consistent with Elon's 25-year vision. Driving down costs until it is the low cost provider- now that's a huge competitive advantage. Google is also well positioned to do this and launches software products at a fast clip with low prices. They have a deep cost advantage, but they may already be hooked on their insanely good margins as a public company. On the startup side, I'm pretty inspired by Odoo. They seem to have a Costco-esque approach. Curious what you think?

@TAdventurousoul @ludvigmaigaard

PEOPLE GETTING CAUGHT IN 4K A Thread 🧵

@guywuolletjr yoo!

What will militaries look like for network states?

@zehranaqvi 🤘

i spoke to 84 consumer founders in april ✨🫶🏼🩵🧿🔮 wanna get these observations emailed to your inbox every month? engage w this tweet few observations based on those convos: - gen z will monetize anything - data-tracking: more consumer social apps are leaning on unfiltered consumption tracking (vanity & stalking) - "close friends" consumer social: most new consumer social apps are optimized for your 20-30 real friends/relationships - next-gen fan platforms are centered on the individual more than community - gamification is everywhere - a few consumer social companies are doing @speedrun this summer

@zehranaqvi @HeadlineVC Will swing by!

Super excited to share that I’m now an Investor at @HeadlineVC focused on consumer tech Reach out at zehra@headline.com! ✨

@WizLikeWizard Checked each other out on LI - let's connect!

Spacecadets building the possibly impossible 👨‍🚀

@alive_eth ai x crypto and DigiPhysi

List of categories. Which ones are you most excited about? 👇👇👇 account abstraction, ai x crypto, analytics, authentication, bridging, compliance, consumer hardware, DAOs, data availability, data marketplace, decentralized custody, decentralized media, decentralized MM, decentralized sequencer, decentralized social, decentralized storage, DeFi, DePIN, derivatives, DEX, DigiPhysi, exchange, fintech, gaming infra, identity, insurance, knowledge graph, L1, L2 ecosystem, lending, liquid staking, mesh network, messaging, MEV infra, music, NFT art, NFT infra, NFT marketplace, node infra, oracle network, payments, privacy, programming languages, zk proving network, rollup-as-a-service, re-staking, reputation, restaurant loyalty, risk management, security, stablecoin, trading agent, user management, wallet, wallet infra, zk co-processor, zkML, zkVM

@mwseibel Very harsh I know.. But this hostility is very US. I've lived with and experienced it daily. Try to follow a few people from the Nordics to ease your feed a bit.

My default feed on Twitter is filled with too much snark, fear porn, and negativity. Is that a reflection of me, all of you, or a business trying to make ever increasing amounts of revenue with this product? I would literally pay for a more positive experience. And I think it would increase my faith in humanity. How much would it cost in lost advertising revenue to give me a more balanced feed? Name the price and I’ll pay. Otherwise all this addictive yelling at one another is eventually going to drive all of us insane.

@sprog_ch @IronBrands16 Da heck

@IronBrands16 Working weekends shouldn’t be necessary 😅

When people tell me I’m lucky to work with 2 engineers — I stop them right there. Two 10x engineers working together on a Sunday night ain’t no 2 engineers. It’s the equivalent of full-fledged, VC-backed engineering department Happy to work with these legends 🫶

VC 1: “…but didn’t you ask them what if OpenAI does it?” VC 2:

People in the U.S. after greeting you

@guywuolletjr dm ;)

Who is building decentralized AI companions?

NATIONAL ACCELERATIONISM How to Implement a Program of Techno-Optimism Now drydenbrown.posthaven.com/national-accel…

@venturetwins @rajko_rad Christ lmao

Introducing my latest project

@drydenwtbrown 😮‍💨

Praxis Visa + ID concepts

Demand for weight-loss drugs Ozempic/Wegovy is so large that the government of Denmark (where drugmaker Novo Nordisk is from) now has to publish GDP data excluding it Since the first half of 2022 (left), headline GDP growth has been 1.7% (blue), but ex-Pharma it's -0.3% (green)

@dsiroker @amaldorai @Scobleizer Really interesting insigth!

@obikela @dsiroker lmao

@dsiroker What happens when you forget where you left an app in the room? 😁

@dsiroker @proofofblake Hold on! So the resolution is bad on the apps too, or just when you're looking at your phone? The latter is understandable.

@0xMGB @Permissionless 😩still searching

Does anyone have a list of @Permissionless side events?