Abdullah Baig

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Abdullah Baig

Abdullah Baig

@abdullahnbaig

founder @pamdotai - the fastest-growing AI platform for car dealerships, backed by @autotechvc @firstharmonic @HF0

Washington, DC Katılım Nisan 2013
789 Takip Edilen1.7K Takipçiler
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Steven Liss
Steven Liss@This_Liss·
Had a Jane Street phone interview in 2016. "Price a 6-month forward on carrots." There's no carrot futures market, so I build one from scratch: seasonal harvest cycles, USDA demand elasticity, cold storage decay rates. One trader stops me. "Your storage cost function– you're modeling the carrot as dead inventory. Like grain in a silo." He asks me the metabolic respiration rate of a post-harvest carrot at 2°C. I estimate. "Your forward is overpriced by exactly that shrinkage. The underlying is consuming its own sugars. It's alive." Good correction. I adjust the model. I think I've recovered. Rejection email comes the next morning. Subject: "Ethical Review." My framework, they write, "relied on the severance of the root organism from its growth medium." The question about respiration was a test. The carrot was still alive and I'd built an entire derivatives structure on top of its death without questioning whether harvest was an acceptable act. I pull up the recruiter's original email. It doesn't say Jane Street. It says Jain Street– a non-violent quantitative commodities fund. The carrot was never supposed to be priced. It was supposed to be refused. I later learn the only candidate who passed that round was a former monk from Gujarat who sat in silence for eleven minutes and said, "I cannot put a price on life." He's now a partner.
Deedy@deedydas

Jane Street made ~$40B in 2025 with 3,500 employees, a ~2x from the year before. At ~65-70% profit margin, that's $8M profit / employee, the highest for a 1000+ ppl company. High-frequency trading continues to be the most efficient money making engine. I want to share an old story about my Jane Street interview in 2014. Jane Street was known for hiring a lot of math, physics and CS olympiad winners from top universities and putting them through many rounds - including, for trading roles, a gauntlet of mental math. It was my 6th interview and my final round and I recall being asked "What is the next day after today in DD/MM/YYYY where all the digits are unique?" They'd toy with you and say "You can use a pencil and paper, if you want" but you knew that was an instant no. Painstakingly and as quickly as I could, I came to an answer. "How confident are you that this is correct on a 0-1 probability scale?" the interviewer said. "0.95", I blurted out, not fully knowing how to answer that. "Are you sure?" After thinking harder for a few more seconds, I realized I could've flipped the digits around to get a closer date. I gave the interviewer my answer. It was correct. "0.95 huh?" he chuckled. That's when I knew I failed. Note: fwiw, other companies that come close in efficiency are - Tether ($90M+ profit/emp) - Hyperliquid ($80M+ profit/emp) and on revenue: - Valve ($50M/emp) - OnlyFans ($37M/emp) - Craigslist ($14M/emp) - Anthropic ($12M/emp, run rate) - OpenAI ($8M/emp, run rate) For comparison, Nvidia is very efficient at scale and is $4.4M/emp.

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Dirt Cheap Banks
Dirt Cheap Banks@dirtcheapbanks·
I have built a spreadsheet. It has 847 rows. Each row is a community bank in the United States with a market cap below $200 million, a price-to-tangible-book ratio under 0.85, a non-performing loan ratio below 0.4%, and a CEO who has been in the role for at least twelve years. I update it every Sunday from 6 AM to 11 AM while my family attends church without me. I have visited the headquarters of nineteen of these banks in person. I have eaten a complimentary lobby cookie at each one. The cookies are how you can tell. A bank with a good cookie is a bank that respects its depositors. A bank with a stale cookie is a bank that will be acquired within 36 months at a 40% premium. I am never wrong about the cookies. The cookies have never lied to me. The cookies are the only thing left that tells the truth.
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Abdullah Baig
Abdullah Baig@abdullahnbaig·
@ArnaudBelingaCX @jasonlk i think the answer here is usually ‘of course’ but the better question is what’s the oppty cost and value of street cred which ultimately depends person to person
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Arnaud Belinga
Arnaud Belinga@ArnaudBelingaCX·
@jasonlk Besides the financials here. Do you think they have more "street cred" selling a company for $1B or as investor you'd be more impressed by an early super profitable sale?
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Jason ✨👾SaaStr.Ai✨ Lemkin
An early investment I made, I met with the CEO of a public company that wanted to buy them for $50m The startup hadn’t raised much, they said No Years later, they sold for almost $1B The founders made about the same they would have, years earlier, in the first deal though Time, dilution, 5 management teams, 4 more venture rounds
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Samuel Spitz
Samuel Spitz@samuel_spitz·
Introducing Replit AI SDR Find your next 100 customers with AI
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Omar
Omar@omar_dddg·
If we’re going to build a vpn with 100% privacy, what is the simplest way to do it? We need to assume that nobody is trustworthy, not the engineers, founder or anyone working on the project and the transparency has to be built into the system. Is there a blockchain usage here?
Omar@omar_dddg

We need to build an open source and secure ethical vpn service that isnt monitored by 3rd party agents and with no access to haram /unethical websites. Any Muslim engineers / founders want to cooperate on this project? Anybody wants to fund? Huge profit potential.

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Abdullah Baig retweetledi
Daniel Prinsloo
Daniel Prinsloo@Daniel7Prinsloo·
The 18-month-old Palestinian child, Karim Abu Nassar, was tortured while his father was detained by IOF.
Daniel Prinsloo tweet media
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Saifedean Ammous
Saifedean Ammous@saifedean·
Reminder that this account told you that Keynesian economics, central banks, covid, the climate crisis, renewable energy, altcoins, democracy, nutrition science, Zionism, and psychiatry are all stupid fiat scams before it was safe or cool to do so.
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Amjad Masad
Amjad Masad@amasad·
We’ve raised $400M at a $9B valuation. Investors include Georgian, G Squared, Prysm, 1789, YC, Coatue, a16z, Craft, and QIA, with strategic investments from Accenture, Databricks, Okta, and Tether. We’re also lucky to have incredible individuals backing us, including Shaq and Jared Leto. This funding will help us scale our ambition and expand beyond coding into AI systems that center human creativity. Replit is now used at 85% of the Fortune 500. We have an opportunity to help shape the future of work. One where AI abstracts away the boring parts and humans shine as creative directors. We’re also investing more globally, particularly in Europe, Asia, and the Middle East. Innovation can come from anywhere in the world, and we want to help unlock it.
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Abdullah Baig
Abdullah Baig@abdullahnbaig·
Ramadan Mubarak
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Abdullah Baig
Abdullah Baig@abdullahnbaig·
founders give up because they don’t know how to (nor have a desire to) go to war
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Abdullah Baig
Abdullah Baig@abdullahnbaig·
will be at alif jummah this Friday @ fort mason iA
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Abdullah Baig
Abdullah Baig@abdullahnbaig·
heading to SF rn. Bismillah.
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