Nejmo

The 30 most in-demand startup secondary shares in Q1 '26 (per Setter Capital): - Anthropic hits #1, bumping out SpaceX as the most desired shares on the list. - Five of the top six companies are big IPO candidates in the next 12-18 months. They've been absorbing a lot of investor interest and capital over the past few quarters, it will be interesting to see what happens as they list. - Prediction markets are still hot! Polymarket and Kalshi are two of the fastest risers. Anything crypto that hasn't rebranded as prediction markets continues softening. - Replit and Shield AI are the two other fastest risers on the list. Lovable and Cursor also move up a few spots. - ElevenLabs debuts at #9, tied (with Shield AI) for the highest ever. OpenEvidence and Saronic also make what I think is their first ever appearance on the list. - Perplexity, Crusoe, and Figure both sliding significantly. Anecdotally feels like I haven't seen them discussed as much recently. One notable data point, the average last round valuation of companies on the list was $120B (up 122% YoY). This compares to the average S&P 500 company valuation of $122B. Insane how big the private markets have gotten.

we're making @blocks smaller today. here's my note to the company. #### today we're making one of the hardest decisions in the history of our company: we're reducing our organization by nearly half, from over 10,000 people to just under 6,000. that means over 4,000 of you are being asked to leave or entering into consultation. i'll be straight about what's happening, why, and what it means for everyone. first off, if you're one of the people affected, you'll receive your salary for 20 weeks + 1 week per year of tenure, equity vested through the end of may, 6 months of health care, your corporate devices, and $5,000 to put toward whatever you need to help you in this transition (if you’re outside the U.S. you’ll receive similar support but exact details are going to vary based on local requirements). i want you to know that before anything else. everyone will be notified today, whether you're being asked to leave, entering consultation, or asked to stay. we're not making this decision because we're in trouble. our business is strong. gross profit continues to grow, we continue to serve more and more customers, and profitability is improving. but something has changed. we're already seeing that the intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company. and that's accelerating rapidly. i had two options: cut gradually over months or years as this shift plays out, or be honest about where we are and act on it now. i chose the latter. repeated rounds of cuts are destructive to morale, to focus, and to the trust that customers and shareholders place in our ability to lead. i'd rather take a hard, clear action now and build from a position we believe in than manage a slow reduction of people toward the same outcome. a smaller company also gives us the space to grow our business the right way, on our own terms, instead of constantly reacting to market pressures. a decision at this scale carries risk. but so does standing still. we've done a full review to determine the roles and people we require to reliably grow the business from here, and we've pressure-tested those decisions from multiple angles. i accept that we may have gotten some of them wrong, and we've built in flexibility to account for that, and do the right thing for our customers. we're not going to just disappear people from slack and email and pretend they were never here. communication channels will stay open through thursday evening (pacific) so everyone can say goodbye properly, and share whatever you wish. i'll also be hosting a live video session to thank everyone at 3:35pm pacific. i know doing it this way might feel awkward. i'd rather it feel awkward and human than efficient and cold. to those of you leaving…i’m grateful for you, and i’m sorry to put you through this. you built what this company is today. that's a fact that i'll honor forever. this decision is not a reflection of what you contributed. you will be a great contributor to any organization going forward. to those staying…i made this decision, and i'll own it. what i'm asking of you is to build with me. we're going to build this company with intelligence at the core of everything we do. how we work, how we create, how we serve our customers. our customers will feel this shift too, and we're going to help them navigate it: towards a future where they can build their own features directly, composed of our capabilities and served through our interfaces. that's what i'm focused on now. expect a note from me tomorrow. jack

moltbook.com is art.

It's time to build. Now everyone can. @Wabi Build me an app that recommends films and novels with techno-optimist themes!

@BillAckman I am concerned about our next generation’s happiness and airport productivity. @Wabi Build me "May I meet you?": an app that turns every airport terminal into a date spot by matching travelers in real-time based on their flight schedules. #LoveAtFirstFlight