Giacomo B eu/acc

Analysts trying to do any work without using AI.

L'elenco record. Dirige il maestro Matteo Salvini. Buona visione 🎵

Had a few laughs randomly thinking about Aswath Damodaran reading the SpaceX IPO S-1

In April 2016, I threatened to climb over @andrewdfeldman's fence to give him his first term sheet for @cerebras. It was April Fool’s day, but I wasn’t fooling around. The story started in October 2007, when Andrew and his co-founder Gary Lauterbach had just started SeaMicro. Even then, Andrew was a force of nature. He was extremely intense and miswired in all the right ways. You could feel the sparks flying off him. We didn't invest in SeaMicro, but we stayed in touch. Andrew and the team built SeaMicro then sold it to AMD in 2012. When AMD acquired SeaMicro, I had a hunch Andrew wouldn't last long inside a big company. He has, as I've said many times, immense ambition and a heart full of disobedience. By early 2014, he was looking for an escape hatch. Over the next year and a half, Andrew and I met 6 or 7 times. Sometimes in our office. Sometimes at a coffee shop in Portola Valley. Sometimes at our local tennis and swim club. We kept coming back to one thing: deep learning workloads were growing exponentially, and traditional compute architectures couldn't keep up. GPUs had become the default for neural network training, mainly because researchers had accidentally discovered they were less terrible than CPUs. Andrew, Gary and Sean saw the GPU for what it was: a battlefield promotion of a chip optimized for graphics. Better than a CPU, but not what anyone would design starting from a blank sheet of paper. Their key insight was that memory bandwidth, not raw compute, was the real constraint on what neural networks could achieve. So Andrew, Sean Lie, Gary Lauterbach, Jean-Philippe Fricker and Michael James set out to do something nobody had pulled off in the 75-year history of semiconductors: Build a wafer-scale chip the size of a dinner plate. In April 2016, I asked Andrew if we could be his first term sheet. @ericvishria at Benchmark and I co-led the round along with Pierre Lamond from Eclipse. Then the hard work began. In the 75-year history of computing, no one had made wafer scale work. Which meant no one had ever had to solve the problems that came from trying. How do you power a chip that large? How do you cool one? How do you maintain electrical continuity across tens of thousands of connection points on a single piece of silicon? To get there, Cerebras had to invent in nearly every modern computing discipline at once: semiconductors, systems, data fabric, software, algorithms. Each was a startup in its own right. Their first wafer self-destructed on initial power-up and Andrew and the team were back in the lab the next morning, identifying what didn’t work and coming up with approaches to solving it. Yesterday, Cerebras went public. 19 years after our first meeting, 10 years after that April Fool's term sheet, they’ve built a generational AI company. From a coffee shop in Portola Valley to ringing the bell at the NASDAQ. What a journey. Proud to have been Andrew's first partner in Cerebras. Even prouder to call him my friend.

POV: you are going through a very Chinese time of your life rn

If the EU built Claude

this could have been you europe-maxxing this summer but instead you chose to share a 1bdr with four other dudes in sf to walk around the city with your laptop slightly open so your agents won’t stop running.

It could actually be a significant problem that Europe doesn't have enough garages. This sounds like a joke, but I'm serious. Garages let you work on stuff that doesn't matter yet, which is how big things often start. The outliers of ideas need the outliers of space.

Inflation is completely out of control, you can’t even take 3 kids to a Detroit Tigers game anymore without spending an arm and a leg! Crazy!

Trump on US Navy Seizing Ships: It’s a very profitable business. We’re like pirates.

@ankurnagpal Go eat at Trippa and try bar basso

I’ll be working from Milan for 2 weeks in May I’ve never been before, what are the best things to do in town? And, if there are any interesting people building cool things over there

@tleilax___ Maybe it’s just their version of Yacht Week…

So you’re telling me SBF did Anthropic, Cursor, Solana and Robinhood? His NAV would’ve been about $52-86B today 9.8-16.2X TVPI 🤯

Watching Claude run out of tokens in the middle of a task that I have no idea how to do

Ignazio La Russa al Salone del Mobile di Milano risponde a domande su calcio e Nazionale. Poi una giornalista gli chiede della costituzionalità del decreto sicurezza. Lui risponde :"Ma che c'entra col calcio?" La giornalista: "Ma lei non è presidente di una squadra di calcio." Il presidente del Senato saluta e interrompe l'intervista. #LaRussa #SaloneDelMobile #DecretoSicurezza #LaPresse

70% of Venture Capitalists

11/12 AI is about selling work, not software. Units of labor as the product This is a big shift in TAM, agents, how to build product in the AI era. Many AI markets are 10-100X the size of their seat based software counterparts

I just used 4.7 to create an 80 page primer on the history of budget airlines, incredible. I didn’t read it but Claude made me a three bullet point summary. I didn’t read that either but Openclaw put it in a markdown file to broaden my context. I’m getting smarter every day.