IP Man

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IP Man

IP Man

@hedgingrn

B me, SS you. rft - I’m me.

United Nations Katılım Kasım 2023
1.2K Takip Edilen223 Takipçiler
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Alex Cohen
Alex Cohen@anothercohen·
Incredible. At this point we need to put the Forbes editors in charge of the FBI
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Ryan@ohryansbelt

Delve, a YC-backed compliance startup that raised $32 million, has been accused of systematically faking SOC 2, ISO 27001, HIPAA, and GDPR compliance reports for hundreds of clients. According to a detailed Substack investigation by DeepDelver, a leaked Google spreadsheet containing links to hundreds of confidential draft audit reports revealed that Delve generates auditor conclusions before any auditor reviews evidence, uses the same template across 99.8% of reports, and relies on Indian certification mills operating through empty US shells instead of the "US-based CPA firms" they advertise. Here's the breakdown: > 493 out of 494 leaked SOC 2 reports allegedly contain identical boilerplate text, including the same grammatical errors and nonsensical sentences, with only a company name, logo, org chart, and signature swapped in > Auditor conclusions and test procedures are reportedly pre-written in draft reports before clients even provide their company description, which would violate AICPA independence rules requiring auditors to independently design tests and form conclusions > All 259 Type II reports claim zero security incidents, zero personnel changes, zero customer terminations, and zero cyber incidents during the observation period, with identical "unable to test" conclusions across every client > Delve's "US-based auditors" are actually Accorp and Gradient, described as Indian certification mills operating through US shell entities. 99%+ of clients reportedly went through one of these two firms over the past 6 months > The platform allegedly publishes fully populated trust pages claiming vulnerability scanning, pentesting, and data recovery simulations before any compliance work has been done > Delve pre-fabricates board meeting minutes, risk assessments, security incident simulations, and employee evidence that clients can adopt with a single click, according to the author > Most "integrations" are just containers for manual screenshots with no actual API connections. The author describes the platform as a "SOC 2 template pack with a thin SaaS wrapper" > When the leak was exposed, CEO Karun Kaushik emailed clients calling the allegations "falsified claims" from an "AI-generated email" and stated no sensitive data was accessed, while the reports themselves contained private signatures and confidential architecture diagrams > Companies relying on these reports could face criminal liability under HIPAA and fines up to 4% of global revenue under GDPR for compliance violations they believed were resolved > When clients threaten to leave, Delve reportedly pairs them with an external vCISO for manual off-platform work, which the author argues proves their own platform can't deliver real compliance > Delve's sales price dropped from $15,000 to $6,000 with ISO 27001 and a penetration test thrown in when a client mentioned considering a competitor

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IP Man
IP Man@hedgingrn·
@UESgent Thongs are meant to be worn on the head
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Upper East Side Gent
I might start wearing thongs just to see if they change my mindset
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IP Man
IP Man@hedgingrn·
Think I have successfully made the ex block me. Took a while, was getting tired of thinking I had a chance.
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miri
miri@eggoslug·
imagine a wild horse running free. Do you think that horse would reply back in 24 hours
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IP Man
IP Man@hedgingrn·
@acquisizioni If you need to pee in grand central that door is a God send. Down a quick flight of stairs and oyster bars bathroom is on your right. Wish you didn’t tweet this btw.
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Pat Carino (d/b/a Acquisizioni)
Something fun about NYC real estate, Grand Central Terminal in particular, are the millions of “back doors”, tunnels, discrete entrances to everything. For example, the main entrance to The Campbell is from outside, but you can also use a random elevator on the floor below or via the concourse but only through another unrelated restaurant. Another example is this random door I’ve walked by literally thousands of times and never noticed. The “saloon” entrance to the Oyster Bar.
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Blueprintsmb
Blueprintsmb@blueprintsmb22·
My friend is smarter than me. She worked with me at Morgan Stanley then did private equity before GSB before doing corporate jobs in Tech. She’s now chief of staff for an AI startup that recently got over $100mm of funding. Her new boss is the COO who is a NYC finance guy. He hilariously cares about formatting. Don’t worry junior bankers, AI won’t take your job. Too much bad muscle memory in middle and senior mgmt focused on turning over decks to “add value.”
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BuccoCapital Bloke
BuccoCapital Bloke@buccocapital·
“It organizes your files” “It prioritizes your emails” “It tells you insights about your calendar” These are not real things. They are not making you more productive. It is making you an idiot Yes, AI is great. But this is fake productivity. This is dumb. You are being dumb
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Buyside Guy
Buyside Guy@GuyBuyside·
@ethanrkho He did Prop Research, he knows nothing about edge or alpha
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Ethan Kho
Ethan Kho@ethanrkho·
Ex-Point72 Proprietary Research Head Kirk McKeown on building edge, alpha decay, & why everything that happened on Wall Street is about to happen on Main Street. Kirk McKeown (8.5 years @ Point72 under Steve Cohen | Built primary research at Glenview under Larry Robbins | Now founder of Carbon Arc @CarbonArcAI) "Alpha rewards those who value assets in a cold way. You want to get it right — not be right." We cover: - How alpha creation differs across multi-manager vs. concentrated shops - The 3 vectors every middle office function must move to justify its existence - Why he worked 6-hour Sundays from 2006-2020 — and the math behind it - The TSMC call that signaled semiconductor cancellations before anyone else knew - What the quant revolution on Wall Street tells us about the AI economy today - His framework: 4 market structures, 9 business models, & why they have rules - The MIT beer game & why every business problem is really an inventory problem - His hot take: a top hedge fund launches an enterprise AI lab in 2026 Highlights: 00:00 Intro 04:47 Tutor vs Glenview vs Point72: how edge differs 12:29 How to build “lift” for PMs: at-bats, hit-rate, sizing 18:44 Building research edge: outwork, read, fieldwork 27:16 Personal moat in 2026: analogs, history, decision trees 40:08 “Main Street becomes Wall Street”: what that actually means 44:30 Carbon Arc thesis: “decimalization” of data market structure 46:43 Why the edge migrates to data plus domain context 51:00 How to win in commoditized research: sample size beats anecdotes 01:03:26 Factorizing everything: themes, market structure, business models 01:08:37 Pruning decision trees: signals, scale points, inventory dynamics 01:14:18 Contrarian 2026 take: hedge funds launching enterprise AI labs 01:23:32 Final question: one habit to build career alpha
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Seattle Supersonics
Seattle Supersonics@SeattleSonics·
This city didn’t learn NBA hoops from highlights. It lived it. Rain outside, buckets inside. Hoops flows through Seattle's DNA. #SeattleIsABasketballTown
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sley
sley@sley_Xk·
nobody gets angrier than a woman being accused of something she actually did
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Seattle SuperSonics
Seattle SuperSonics@BringBackSonics·
We are so close! Help us reach over 30,000 followers before next week’s vote on #NBA Expansion. Let’s continue to build the movement to #BringBackOurSonics! RT and give us a follow.
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Rebecca Alter
Rebecca Alter@ralter·
someone should give conner o'malley $20 million USD dollars
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High Yield Harry
High Yield Harry@HighyieldHarry·
Say it with me - Private Credit will have bifurcated outcomes. This is incredible closed doors commentary re: levered software & other things:
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