Ankith Bharadwaj
79 posts
@ankithb_
Currently investing @HOFCapital (robotics, infra, energy) prev. @TryBiteSight. all views are my own.
excited to share what we have been up to. your iphone’s home screen hasn’t changed in ~20 years. it’s the same static grid of icons since launch with zero awareness of your actual life. @skye is a new agentic home screen for iphone. no telegram. no mac mini. & no claws required. skye is ambient intelligence that just works. it continuously listens to your context & acts on it. it builds your reading lists, gives you personalized weather, drafts email replies, prepares you for meetings & trips, flags suspicious charges, works through your reminders, tracks your health, & gives you one tap intel on wherever you are (restaurants, museums, neighborhoods, etc). all surfaced on your home screen. over the next few posts i’ll break down how it works, why we built it, & why we think it deserves to exist in the world. beta starts today. if you’re on the list, you’ll get access very soon. app store shortly after. deeply appreciate you all following along on this fun little journey. also please join our discord !
Introducing Lovable Payments. Describe what you want to sell. Test it securely. One conversation to go live.
20-somethings are mass-depositing into Kalshi and FanDuel while tech stocks just hit their cheapest relative valuation in 7 years. One has 98 years of compounding data behind it. The other has a 5-15% house edge designed to drain your account. The numbers on this chart are wild. Tech's forward P/E premium over the S&P 500 just dropped to 1.07x. In 2023 it peaked at 1.55x. That's a 30% compression in relative valuation while these companies actually grew earnings. The market is pricing the highest-margin sector in history like it's utilities. Meanwhile 30 million Americans under 35 have a sports betting account. Exposed handle sizes averaging $150/week. Annual expected loss at a 10% house edge: roughly $780/year. Over a decade that's $7,800 in guaranteed losses, and that's before you count the deposits that chase the losses. Take that same $150/week into a tech index at today's compressed valuation. At the sector's 20-year average annual return of ~15%, that's $180,000 in ten years. $1.2 million in twenty. The gap between those two outcomes is the difference between retiring at 45 and refreshing your FanDuel balance at 45. Tech companies are running 25-35% net margins, sitting on $500B+ in combined cash, and building the infrastructure layer for AI. You're getting VC-tier exposure to the companies that will own the next decade, at a public market entry point that hasn't been this cheap since before COVID. This is the buying opportunity that people look back on in 2035 and say "it was so obvious." It is obvious. The chart is right there.
Incredible, lol, robot maker Unitree just filed for IPO and not only do they make money, their adjusted net margin is 35%, putting it on par with software companies. Humanoid fever is only going to increase from here I think :) At @TechBuzzChina we have some new special projects in this area we are announcing soon! Some stats: - Unitree’s STAR Market (Shanghai) IPO has been accepted, with a planned raise of RMB 4.2 billion (US$611 million) and an implied initial post-money valuation of at least RMB 42 billion (US$6.1 billion) - 2025 revenue reached RMB 1.71 billion (US$248 million), - up 335% YoY, while adjusted net profit exceeded RMB 600 million (US$87 million), up 674% YoY. - In the first 9 months of 25, humanoid robot revenue reached RMB 595 million (US$86 million), surpassing quadruped robot revenue of RMB 488 million (US$71 million) for the first time. - Unitree shipped over 5,500 units last year, occupying 32.4% of the global humanoid market - Of the IPO proceeds, the biggest chunk, RMB 2.02 billion (US$294 million), will go toward robot model R&D, followed by RMB 1.11 billion (US$161 million) for robot body R&D. Another RMB 445 million (US$65 million) is earmarked for new product development and RMB 624 million (US$91 million) for a manufacturing base.
Everyone talks about humanoids. Meanwhile, @loki_robotics:
Figma is down 75% since its IPO.
