Del Johnson

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Del Johnson

Del Johnson

@DelJohnsonVC

"The Most contrarian thinker in VC" & Father of Modern Venture Capital. VC, Angel, LP. prev: @Google @Oracle @ucberkeley @Columbialaw

New York, NY Katılım Eylül 2012
4.4K Takip Edilen22.2K Takipçiler
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Del Johnson
Del Johnson@DelJohnsonVC·
@mhlakhani @ZaidJilani @VCBrags U.S. Venture capital hasn't been able to outperform European VC for the past 20 years. The Thiel Andreessen generation of VC took one of the greatest engines of economic growth and American ingenuity, and turned it into an old world rent extraction scheme. wired.com/story/to-save-…
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Zachary Perret
Zachary Perret@zachperret·
Very excited to work with @OpenAI to launch Finances in ChatGPT! AI is transforming how consumers interact with their finances. This is an important step towards bringing sophisticated, personalized financial advice to more people.
ChatGPT@ChatGPTapp

A preview for Pro users: a new personal finance experience in ChatGPT. Pro users in the U.S. can securely connect financial accounts, see where their money is going, and ask questions based on the information they choose to connect. Your full financial picture, now in ChatGPT.

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The University of Chicago
The University of Chicago@UChicago·
UChicago is launching an initiative that will guarantee free tuition for families with incomes below $250,000, starting in fall 2027. The College will provide free housing and meals and waive fees for families with incomes less than $125,000. Learn more: ms.spr.ly/6014vuUPM
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Del Johnson
Del Johnson@DelJohnsonVC·
@EricNewcomer The fact of the matter is that pretty much any substantial marketing deviation from "we back the best founders working on the highest impact ideas" is going to get attention. This is a statement of intent to defect. What they are actually saying is secondary to that signal.
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Del Johnson
Del Johnson@DelJohnsonVC·
@EricNewcomer It's interesting to me that the idea that tech changes make "normie" businesses more attractive is easily digested by the tech adjacent masses, but "tech changes make "normie" founders more attractive" is less palatable. Your specific critiques are well taken, of course.
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Techmeme
Techmeme@Techmeme·
Analysis: a16z is the largest known donor in the current US midterm election cycle, spending $115M+ so far on pro-crypto, pro-AI, and Republican Super PACs (New York Times) (Visit Techmeme dot com for the link and full context!)
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Del Johnson
Del Johnson@DelJohnsonVC·
@__paleologo I've talked about this many times before. Here's one of them. x.com/DelJohnsonVC/s…
Del Johnson@DelJohnsonVC

@alexfmac What changed over 20 years? 1. Fees (top performers used the narrative of persistence to capture alpha for themselves in the form of increased fees) 2. Fund size (successive funds much larger now, and large funds constrain alpha). 3. Stage (funds moved later constraining alpha)

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Del Johnson
Del Johnson@DelJohnsonVC·
@__paleologo This was bound to happen once a couple of very good years dropped off the dataset. The first thing the post dotcom venture capitalists did, was rig their own market. The goal is primarily concentrating/keeping competitors out, and fee harvesting.
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Gappy (Giuseppe Paleologo)
Gappy (Giuseppe Paleologo)@__paleologo·
Do Venture Capitalists Beat Random Allocation? It appears not. The answer depends crucially on data. They use Crunchbase-sources data, 2010-22. If there are VCs aout there reading this, what would you use?
Gappy (Giuseppe Paleologo) tweet mediaGappy (Giuseppe Paleologo) tweet media
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Ho Nam
Ho Nam@honam·
This deserves a longer form blog post but for now a thread about an idea mentioned in our Q1 LP report. We have a saying at Altos. Organize our funds around companies — not the other way around. It sounds simple. In venture, it’s almost heretical.
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Del Johnson
Del Johnson@DelJohnsonVC·
@willdepue I always thought all of the testers should have formed a club. Very interesting to find out who had access. The GM of the Philadelphia 76ers apparently had it.
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will depue
will depue@willdepue·
i don’t want to claim directly but i’m pretty sure i was the first high schooler to ever cheat on their homework with chatgpt* when gpt-3 dropped i was a junior and i quickly got access through a friend to an against ToS chatbot (you weren’t supposed to build anything with arbitrary user input) and freaked the fuck out. the first time i got access i talked to it until midnight and told myself i’d remember that day the rest of my life. but the harsh reality of my us history homework brought me back to earth, but to my surprise gpt-3 nailed each of my take home questions, and i started using it every day. at some point though i exhausted enough api credits from this guys key i was using and stopped. i remember thinking this was an absolutely incredible product and tried to find a way to go build my own bot but gave up (fuck me) after i realized every conversation cost like 3 dollars gpt-3 was so unpatched for the first year or two. i showed my college dorm how to generate essays with the completions playground after we all got caught drinking first year in. good times anyone else?
OpenAI@OpenAI

Introducing the ChatGPT Futures Class of 2026—26 honorees from the first graduating class to have had ChatGPT throughout all four years of university, who used AI to: - Map 1.5M previously unknown objects in space - Detect disaster survivors through walls and debris - Make 100M+ galaxy images searchable - Preserve endangered languages - Build infrastructure to reroute 5M+ pounds of unsold inventory from landfills

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Del Johnson
Del Johnson@DelJohnsonVC·
@dev__cycle @tszzl @LucaAmb this guy is right. i'm starting to believe y'all can't read and think this is good. half of you are numbers people (there's a colloquialism for that I forgot), and the other half of you write like space wizards.
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devcycle
devcycle@dev__cycle·
@tszzl @LucaAmb maybe mine's memory broke it. but holy listicle, could've been a few sentences
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Luca Ambrogioni
Luca Ambrogioni@LucaAmb·
The biggest argument against general intelligence in my mind is that in the last two years frontier models got enormously better at math and coding and rather worse on writing, having a conversation and understanding sense of humor
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Del Johnson
Del Johnson@DelJohnsonVC·
of course the specific example is a work, but it's good food for thought.
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Del Johnson
Del Johnson@DelJohnsonVC·
Luckily, it's hard for people to learn that lesson, so if you stay disciplined, your opps will sideshow bob into a series of proverbial rakes out of a need to be seen as an expert.
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Del Johnson
Del Johnson@DelJohnsonVC·
TBH the line between stopping what you think is harmful and teaching others how to enact the harm you wish to stop is super thin. This is a big part of why I wrote 3 or 4 essays on the problems with VC, and not 130 essays.
Sam Altman@sama

eliezer has IMO done more to accelerate AGI than anyone else. certainly he got many of us interested in AGI, helped deepmind get funded at a time when AGI was extremely outside the overton window, was critical in the decision to start openai, etc.

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roon
roon@tszzl·
…and that’s bad…
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Del Johnson
Del Johnson@DelJohnsonVC·
@jesslivingston SVB was an anti-capitalist moment that delegitimized the startup ecosystem and prevented that natural process of econ creative destruction from taking place. Since the public saved the industry, the industry should have at the very least been forced to remove insular practices.
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Joe Weisenthal
Joe Weisenthal@TheStalwart·
I loathe cities discourse. But. The correct answer is the density of interesting people doing interesting things. If you want to be in a packed room of people all smarter than yourself, that you can learn things from (which to me is the most fun environment), it’s unparalleled.
Simon Sarris@simonsarris

serious question: what is good about New York City? I've never been, though I've been to Paris (several times), London, Rome, Istanbul, Montreal, Boston, San Francisco (but no other US cities)

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Keşfet

@zachperret @OpenAI @EricNewcomer @generalcatalyst @__paleologo @willdepue @dev__cycle @tszzl