Richard Johnson

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Richard Johnson

Richard Johnson

@_richjohnson

Founder and CEO @texture_capital Digital Assets, Crypto, Fintech, Market Structure

NYC Katılım Ekim 2009
1.6K Takip Edilen3K Takipçiler
Richard Johnson
Richard Johnson@_richjohnson·
I am looking forward to attending @blockworksDAS in two weeks. Please reach out to discuss potential partnerships in the RWA tokenization space.
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Old Men, New Money®
Old Men, New Money®@OldMenNewMoney·
米国が暗号資産規制で延々と議論している間に、日本のフィンテック大手はナスダックIPOで資金調達して暗号インフラを構築している。どちらの市場が本当に前に進んでいるのか? oldmennewmoney.com
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Aakash Gupta
Aakash Gupta@aakashgupta·
A company with $24 billion in revenue and 24% gross profit growth just cut 4,000 people while raising 2026 guidance to $12.2 billion in gross profit. Stock ripped 20% after hours. The market added roughly $6 billion in market cap. That's ~$1.5 million in enterprise value created per eliminated role. Block is the canary in the coal mine. And they're not alone. ASML cut 1,700 jobs last month while reporting record orders and said they were "choosing to make these changes at a moment of strength." Salesforce cut 5,000 after AI agents started handling 50% of customer interactions. Amazon cut 16,000 in January on top of 14,000 in October. Every one of these companies was growing when they did it. Dorsey said the quiet part out loud: intelligence tools paired with smaller teams have already changed what it means to run a company. He chose one massive cut over repeated rounds because, his words, gradual cuts destroy morale and trust. The restructuring charges are $450-500 million. At the operating income Block is guiding, that pays for itself in two quarters. After that, pure margin expansion. That's why Wall Street rewarded it instantly. Here's what's coming. Goldman estimates AI is already responsible for 5,000 to 10,000 net monthly job losses in exposed U.S. industries. Citigroup is planning 20,000 cuts. Dow just slashed 4,500. 40% of employers surveyed say they expect to reduce headcount because of AI. 30,700 tech jobs gone in the first six weeks of 2026 alone. Block went from 10,000 to 6,000 while growing revenue and raising guidance. Every CEO running a company with more than a few thousand employees is doing this math tonight. The canary just stopped singing.
jack@jack

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

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Shanu Mathew
Shanu Mathew@ShanuMathew93·
Some crazy stats from @DavidGeorge83 on his recent Odd Lots with @TheStalwart @tracyalloway. His ITLB appearance in Dec-25 was also great. Private markets scale and growth: -Highly valued private tech companies represent ~$5 trillion in market cap -That's ~25% of the S&P 500, 15% of NASDAQ, 40% of NASDAQ ex-MAG 7 -The top 10 largest private companies represent 40% of that $5 trillion -Private market tech cap has grown 10x in 10 years -Number of public companies has been cut in half over the last 20 years Value creation shift -10 years ago, the best IPOs generated 88% of their total market cap in public markets (only 12% private) -Recent IPOs: 55% of market cap creation happened in private markets, 45% in public -Historically ~50% of IPO dollar gains came from seed-to-Series B, 50% from Series C+; that's shifting heavily toward later stages Growth concentration -A16Z growth fund average portfolio company grows ~100% -Only 3 public companies in their universe are growing >30% -A16Z invests at ~21x revenue on average for companies growing ~100%
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Richard Johnson
Richard Johnson@_richjohnson·
There are 2 tracks in ‘single payer countries’. The free, government run healthcare system, that comes with longer waiting times. Or a private system where you can get your MRI in 6 hours (an experience I recently went through). The difference is there’s no free version in America.
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Kenneth Monahan
Kenneth Monahan@Foudroyant·
My daughter got an MRI w/in 6 hours of going to the ER w stomach pains. Single payer countries ration by queue, we ration by price w large imperfect cross subsidies. Their system produces universal access to a much lower standard of care. It's a choice they know they're making.
Andie@Andiecip

@feelsdesperate I’ll take things that aren’t true for $200 Alex. MRIs don’t take 18 months to wait for. I just got booked for a non emergency mri and the wait is less than 6 months in a big city. You’ve probably never even been to Canada.

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Rishi Sunak
Rishi Sunak@RishiSunak·
Last week, President Zelensky showed me real-time battlefield updates on his iPad. 80% of the casualties Ukraine is inflicting are from drones. The world has changed. Defence has changed. Warfare has changed. And we must adapt fast. thetimes.com/business/compa…
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Richard Johnson
Richard Johnson@_richjohnson·
You may have heard about the threat of quantum computing to blockchains. For a primer on this topic please check out this interview with Texture client @BoltsWeb3 schwabnetwork.com/video/quantum-… DISCLOSURE: The views expressed are those of Yoon Auh and Bolts Technologies
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Richard Johnson
Richard Johnson@_richjohnson·
@ASFleischman Thinking of 2 from different schools… One became a physicist at the Max Planck institute and another (likely on the spectrum looking back) works for a national rail company.
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Andrew Fleischman
Andrew Fleischman@ASFleischman·
What happened to the smartest person you went to school with?
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Richard Johnson
Richard Johnson@_richjohnson·
The £20k limit on retail stablecoin ownership makes zero sense under a properly crafted policy. Remember, this is the same FCA that banned retail investors from investing in crpyto ETPs while the price soared from <$10k to > $100k "for their protection".
Nigel Farage MP@Nigel_Farage

The Bank of England’s cap on stablecoin ownership is a poison pill for Britain’s financial sector. Britain cannot afford to be left behind. cityam.com/nigel-farage-r…

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Richard Johnson
Richard Johnson@_richjohnson·
@DanielPriestley UK capital gains tax is 24%, which is in line with the US. What should the tax rate be? How do you compete with 0%?
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Zia Yusuf
Zia Yusuf@ZiaYusufUK·
The Bitcoin ETF (IBIT US) is about to become the quickest ETF ever to surpass $100 billion. So of course the FCA banned it in the UK so nobody here could benefit. The dinosaur political class do everything in their power to stop British people succeeding.
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ksa 🏴‍☠️
ksa 🏴‍☠️@kosa12m·
The dumbest person you know is currently being told “You're absolutely right!” by ChatGPT
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@jason
@jason@Jason·
the worst customer support and company I've ever had to deal with is @VailResorts please retweet this and tell your horror story today if you have one for your EPIC PASS
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Andrew Ross Sorkin
Andrew Ross Sorkin@andrewrsorkin·
I often think about this exchange I had with @elonmusk. What would have happened if history had bent just slightly differently?
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Richard Johnson
Richard Johnson@_richjohnson·
I am honored to join FINRA’s Crypto Working Group. With Genius Act for stablecoins + Clarity for crypto market structure coming soon, I look forward to serving and offering feedback / guidance on how we can build a robust regulatory framework for crypto.
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