zander lurie

Wall street folks are celebrating @elonmusk for creating 4,400 millionaires. Fine. Did any of them celebrate @JoeBiden IRA, ARP, CHIPS for creating millions of good paying jobs? Our barometer should be opportunity & stability for the majority, not simply wealth for the few.

.@BernieSanders , it is a time to celebrate. @elonmusk has created enormous value for society by building @SpaceX, driving down the cost of rocket launches and creating a global satellite communication network that has brought high speed, low-cost internet and communication access to hundreds of millions and eventually billions of people along with critical advantages for our military and our nation’s defense. SpaceX and its technologies will cause an acceleration in the growth of wages and wealth creation globally, including in some of the poorest communities in the U.S. and around the world. Access to low-cost, high speed communications everywhere will allow children around the world to be educated, families to build businesses, and life-saving medical knowledge and care to be available everywhere. SpaceX will materially bring down the cost of compute, advancing AI and humanity. Meanwhile, 4,000 SpaceX employees yesterday became millionaires, including hourly wage employees who you claim you are trying to help. The Elon Musks of the world drive growth, global GDP, and provide access to goods and services at lower cost that would otherwise not exist. Elon’s nominal trillionaire status is due to his ownership of SpaceX, Tesla, Neuralink, the Boring Company and his other initiatives that have brought new technologies that improve our everyday lives. Elon is not sitting on a trillion dollar pile of cash, jewelry and gold. He is using his controlling stakes in his companies to advance mankind. Elon’s companies don’t pay dividends. They reinvest all of their capital to accelerate innovation and value creation. Elon is working 24/7 for all of us. He deserves respect and appreciation, not smears. Bernie, your socialism would never allow a SpaceX to be built. Socialism has only proven to impoverish mankind and lead to death and destruction. We need to create the conditions for more SpaceXs to be built, not attack the great entrepreneurs who are helping to advance our country.

Since the first Presidential scientific advisory board, established by FDR in 1933, Presidential science and technology councils have supported policies that advanced research goals, enabled breakthrough scientific discoveries, drove the development of new technologies, and unleashed the industrialization of those technologies to advance American prosperity and global scientific and technological leadership. Appreciative of PCAST Chairs @MichaelKratsios and @davidsacks47 for their leadership and honored to serve as an advisor on PCAST.

I’m honored to be recognized and to work alongside the audacious @waymo team; and, I am thankful to our riders who have welcomed us into their lives and who believe mobility can be safer...and magical ✨✨✨

Standing ovation for @altcap at the State of the Union tonight. @TrumpAccounts / @InvestAmerica24 is such an incredible initiative

Be Sunny Madra, probably the most underrated founder engineer type tech > starts as a hardware engineer at Cisco in 2000, grinds for 6 years > co-founds Xtreme Labs in 2007, a mobile dev shop > sells it to Pivotal for ~$60M, becomes CTO Mobile and then VP Strategy at Pivotal > gets bored, co-founds Autonomic in 2016, building cloud infra for smart mobility > sells it to Ford, becomes VP of Ford X running their innovation lab > gets bored again and leaves Ford > co-founds Definitive Intelligence > sells it to Groq, becomes President and COO of Groq > December 2025 NVIDIA licenses Groq's tech for $20B, largest deal in NVIDIA history > joins NVIDIA as VP of Hardware my bet is he leaves NVIDIA and starts something else soon (odds likely in favor). Also, angel in SpaceX, Uber pre IPO, Notion, and Epic Games! 🤯 Generational inspirational run @sundeep! 👏

SpaceX has acquired xAI, forming one of the most ambitious, vertically integrated innovation engines on (and off) Earth → #xai-joins-spacex" target="_blank" rel="nofollow noopener">spacex.com/updates#xai-jo…

My wife, Barbara, and I believe strongly in the importance of equal opportunity. I have been fortunate to live the American Dream. At an early age I was exposed to the stock market, and it changed my life. Over the last two decades, Barbara has devoted herself to helping at-risk and disconnected youth in Connecticut, supporting youth-serving organizations, teachers, and public schools, while working in a bipartisan way with our state and with local municipalities. Barbara has seen firsthand the spirit of our youth, and many have a lot stacked against them. We believe these young people deserve a better chance for success. That is why @DalioDotOrg is proud to join @MichaelDell & Susan Dell in seeding an expanded number of the new Trump Administration investment accounts, matching their $250 contribution per child for approximately 300,000 children in our home state of Connecticut. By providing children with savings accounts that compound over time we are providing them with early insights into financial literacy and a path towards financial independence. I applaud President Trump, @SecScottBessent, the Dell Family and many others who have spearheaded this initiative. We are hopeful other philanthropists and leaders will join this effort by contributing to similar initiatives in their home states, and we hope this catalyzes Secretary Bessent's “50 State Challenge.” As we enter the holidays, I can think of no better gift than the gift of opportunity. See the full announcement here: daliophilanthropies.org/2025/12/17/dal…

Henry Ellenbogen has one of the best track records in growth investing, yet he has kept a notably low profile. He built his reputation at T. Rowe Price, where he ran the New Horizons Fund and turned it into one of the best-performing small-cap growth portfolios in the country. He backed more than 50 companies through IPO before leaving in 2019 to found Durable Capital. Henry believes great investing is about understanding people and change. He spent his career studying the 1% of companies that drive nearly all long-term returns, which led him to a simple philosophy: invest in small companies that can become large ones. He built Durable to uniquely support a company through its full compounding journey. A single team can invest early in private markets and continue owning businesses as they scale into durable public companies. He talks about investing in and learning directly from founders like Jeff Bezos, Reed Hastings, @tobi, @mlevchin, and @LuisvonAhn, and watching how they adapt and rebuild as their businesses scale. He is especially drawn to "Act II" entrepreneurs, founders who have already built one company and return with sharper judgment and execution the second time. We also discuss Durable itself, which is Henry's own Act II. He explains how he has built the firm around developing talent, measuring people by how much they make others better, and his discipline of writing memos and doing multi-year lookbacks on every investment. What comes through most clearly is how much Henry loves the craft of investing, and how seriously he takes building something meant to last. Enjoy! Timestamps: 00:00 Intro 03:02 Origin of an Investment Philosophy 07:02 The "One Percent" of Stocks 13:17 Domino's 19:10 Betting on "Act Two" Teams 24:31 Building Durable Capital 34:46 Market Structure and Time Arbitrage 52:49 Adapting to Discontinuous Change 1:03:19 Physical Moats vs. Soft Moats 1:11:52 The End of Free Money 1:37:35 The Argument for Going Public 1:46:43 The "Warriors" Mindset 1:51:17 Kindest Thing

Henry Ellenbogen has, very quietly, become one of the most influential investors of this millennium. His early teachers included Jeff Bezos and John Malone. His early bets included Amazon at $10 billion, Booking Holdings below $1 billion, and Google at IPO. He managed his first fund through the financial crisis. For 5 years, he outperformed by more than 10% a year. In 2010, Ellenbogen took over the largest pool of small-cap money in America, built it to $40 billion, and beat his peers by more than 5% a year. While managing that fund, he pioneered a way to invest mutual fund capital into private businesses. He backed Workday, Atlassian, Twitter, and dozens more. By 2019, he'd invested in the private rounds of more successful IPOs than any venture capital firm. His strategy is simple: invest in small companies that can grow into large ones. He finds these businesses early, but his edge comes when they fall apart. Every exceptional company passes through at least one moment that looks identical to failure. Ellenbogen separates the ones dying from the ones being remade. In 2019, he left to start Durable Capital Partners, raising $6 billion in one of the largest fund launches on record. His ability to spot young businesses, hold them as they grow, and help them become giants, has made him a go-to investor for founders who want to take their startups public. He has invested in over 50 businesses that have gone public, yet he keeps a low profile. To understand why, you have to go back to a funeral in Pittsburgh when he was twelve years old. This is the story of Henry Ellenbogen, told in full for the first time by @domcooke.