Anmol Arora

EVERYBODY LIVE FROM SOFI

You have no experience. You’ve never started a company. You’ve never had a full time job. Nike is going to kill you. You’re a kid. You don’t have technical skills. You shouldn’t build hardware. Apple is going to kill you. You can’t build hardware. You can’t measure heart rate non-invasively. Athletes don’t care about recovery. Under Armour is going to kill you. It won’t be accurate. You don’t listen. You’re an ineffective leader. You can’t recruit great talent. You’re going to have to pay every athlete. You can’t measure sleep non-invasively. It’s too expensive to research. Athletes are a small market. The product costs too much to make. The product costs too much to sell. Your valuation is too high. Consumers aren’t going to want it. Hardware is too hard. You should measure steps. Fitbit is going to kill you. You can’t build a marketing engine. You can’t raise enough money. You need a real CEO. Google is going to kill you. You can’t be a subscription. You can’t build a brand. You can’t do consumer in Boston. Your valuation is too high. You shouldn’t make accessories. You shouldn’t make apparel. Lululemon is going to kill you. You can’t predict Covid. Stay in your niche. You are going to run out of money. You can’t build a health platform. Amazon is going to kill you. You can’t measure blood pressure. You can’t get medical approvals. The market is too small. You don’t understand AI. The market is too competitive. It won’t work internationally. The supply chain is too complicated. You can’t build an AI. You can’t raise enough money. It’s too competitive. Healthcare isn’t going to want it. … Just keep going ✌️

Ares limits withdrawals from $10.7bn private credit fund: FT

Predicate just hit 2 million all-time policy enforcements. That’s 2 million onchain transactions screened for compliance in real time. A huge milestone to close out 2025, and we’re just getting started.

Team Hastra Starting 5 More roster signings incoming ✒️

Tokenization is a fairly insidious term adopted by tradfi because it presupposes that primary asset issuance should continue to happen offchain with IOU's to an SPV as opposed to a cryptonative securitization with programmable ownership rights. This misses the entire point IMO. Yes, you inherit a credibly neutral registry & transfer settlement network which lowers fees and enables 24/7 access for secondary markets . These are marginal, midcurve gains where the real driver for institutional adoption so far is cross-jurisdictional access to cheap retail funding denominated in stables. Where crypto actually gets dangerous is primary markets. It's the heaviest lift by design because it dares to gut the system at the core which is where +90% the cost structure unlocks exist (origination, packaging, securitizing, tranching, servicing). That’s where the balance sheet lives and where the power is, especially once you have zero-overhead risk transfer. Even the last mile around enforcement, which fundamentally relies on the legal system if the collateral asset remains in meatspace (mortgages, robots, human will of firms to repay with future cash flows) can be centralized without compromising ownership rights.