alee

$100,000 invested 5 years ago in Ethereum $ETH is worth $85,000 today. $100,000 invested 5 years ago in Nvidia $NVDA is worth $1,400,000 today.

FTX Liquidators Sold Cursor Stake for $200K. SpaceX Now Offers $60B to Buy the Company In April 2022, Cursor developer Anysphere completed a $400k Pre-Seed funding round, with Alameda investing $200k for approximately 5% of the shares. This equity stake was sold at the original price ($200k) during FTX's bankruptcy liquidation. Based on Cursor's current market valuation (which has exceeded $50 billion in recent funding negotiations), the equity stake could be worth billions of dollars.

Someone sent $0 worth of a dog coin to a man who didn't ask for it. He turned it into the largest crypto donation in history. > In August 2020 an anonymous person calling himself Ryoshi launched Shiba Inu with one quadrillion tokens > It had no investors, no VCs or a press release. > His plan, written in something he called a "woofpaper", was to send 50% of the entire supply directly to Vitalik Buterin. > He just sent him 500 trillion SHIB tokens to his wallet without warning. > His reason was: "There is no greatness without a vulnerable point. As long as VB doesn't rug us, Shiba will grow and thrive." > He intentionally made the co-founder of Ethereum the single largest holder of his memecoin as a marketing strategy without ever telling him. > Vitalik woke up one day with 50% of a dog coin sitting in his wallet and had no idea what to do with it. > By May 2021 those tokens were worth over $1 billion. > He donated 50 trillion SHIB to India's COVID-19 relief fund > Worth $1.2 billion at the time it was the largest crypto donation in history. > Then burned 410 trillion of the remaining tokens, destroying $6.7 billion in a single transaction > Saying he didn't want to be a "locus of power" in a dog coin project. > SHIB pumped on the news of the burn. > In May 2022 Ryoshi deleted every account, every blog post, every trace of himself and disappeared. > His last words: "I am not important, and one day I will be gone without notice. Take the SHIBA and journey upwards frens." > Nobody knows who he is. He never sold a single token. The coin he built reached a $40 billion market cap. None of it was supposed to work and all of it did.

🔵 FTX's Best Investments - What They'd Be Worth Today? - $500M in Anthropic would be ~$19B - $648M in Robinhood would be ~$4.3B - $1.2B in Solana would be ~$3.8B - $1.15B in Genesis Digital Assets would be ~$2B+ - $700M in K5 Global would be ~$1.5B+ - $102M in Sui would be ~$900M - $200K in Cursor would be ~$100M+ Could have been the greatest venture portfolio ever built.

Software will proliferate just as videos, music, writing did. The market structure will shift from a “fat middle” to mega-aggregators and a long tail. It’ll be a slower process due to network effects, but many traditional vendor lock-ins will get eaten by AI.

If you want to be an innovator, you have to be comfortable looking stupid for a long time. You’re going to piss some people off and you’re going to get a lot of nos. That’s the only way to start having valuable breakthroughs.

Most successful creator of manual slop worried about AI slop... which seems correct. but non-issue for non-slop creators.