@levelsio

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@levelsio

@levelsio

@levelsio

📸https://t.co/lAyoqmSBRX $100K/m 🛰https://t.co/ZHSvI2wjyW $44K/m 🎮https://t.co/jFirUbDgtZ $39K/m 🏡https://t.co/1oqUgfD6CZ $35K/m 👙https://t.co/RyXpqGuFM3 + @X $14K/m 🌍https://t.co/UXK5AFqCaQ $10K/m 💾https://t.co/T74ZwJ1F0C $0/m

📕My book $3K/m 👉 Katılım Temmuz 2013
3K Takip Edilen866.4K Takipçiler
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@levelsio
@levelsio@levelsio·
By far THE most annoying part of running a business for me is collecting receipts for my accountant Every month my accountants hounds me for invoices and receipts of every single expense I did, doesn't matter how tiny like $0.50, sometimes also for income (I don't know why) Most companies charge monthly so that means collecting 12 invoices per year at least One reason I am canceling so many SaaS is not even the cost, it's just that I hate bookkeeping so much so I think if I don't spend the money, I don't need to collect invoices and receipts for every single payment every month (also I like extremely high profit margins like 99.99%) I'm down to just about 10 companies I pay now, like Cloudflare, Hetzner, Backblaze etc. so that means only ~120 invoices to collect per year cause most are paid monthly Yes I have an automatic email filter that forwards invoices to my accountant but many companies do NOT send you an automatic invoice by email So you're talking about logging in to 10 websites, them sending you a 2FA code by email, opening your email, entering the code, trying to find wherever the Billing page is hidden, going to Invoices, opening the invoice, clicking Download to DPF (if it even exists) This week I tried to improve this, my accountant uses Xero, so I made a Xero API key, gave it to Claude Code, and asked it to login and figure stuff out, then it just asks me which expenses still need a receipt and a note, I find it and drag the PDF or screenshot into Claude Code and it resolves it Next step is letting it login to all my vendors and also download the invoice by itself which seems very very possible Much easier!
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Teun
Teun@teunvaandering·
@dooitzeyidejong Het is juist ideaal dat ze die data rond hebben slingeren. Dat gaat ze nu voorlopig niet meer gebeuren, dat hebben ze wel geleerd.
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Dooitze
Dooitze@dooitzeyidejong·
Starlink is inmiddels de goedkoopste internetaanbieder in Nederland, goedkoper dan ADSL en glasvezel (€29).
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The Way of Jerz
The Way of Jerz@TheJerzWay·
Just walked through a "luxury" coworking space in Bogota. $800/month for a desk. €7 coffees. Everyone on Zoom pretending to work. Half the "digital nomads" here are burning savings, not making money. The laptop lifestyle is expensive when you're faking it.
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@levelsio
@levelsio@levelsio·
Most annoying haircut I've ever seen in my life
Bankless@Bankless

LIVE NOW - The $200 Billion Shadow Market Behind Anthropic's Stock | Dio Casares Anthropic's secondary market is tens of billions of dollars deep, stacked with SPVs on top of SPVs charging 10% fees plus carry, and almost entirely opaque. @diogenes of @patagon breaks down how it actually works: - which deals Anthropic blesses and which get cease-and-desists, - why fake share certificates show up in 10-20% of executed deals, - what tokenized equities and pre-IPO perps actually represent, - and the mess of lawsuits and stuck shares coming when Anthropic finally IPOs. Enjoy. -------------- TIMESTAMPS 0:00 Intro 0:40 What is Going on in Secondary Markets? 7:03 How Anthropic Secondary Markets Unfold 14:51 Anthropic’s Secondaries Social Elite 19:00 Emerging SPV Structure 21:51 Accidental Frauds? 27:04 After IPO Consequences 35:13 Private Market Lessons 38:21 Patagon Markets 43:54 Tokenized Perps 44:57 Closing Thoughts

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Bankless
Bankless@Bankless·
LIVE NOW - The $200 Billion Shadow Market Behind Anthropic's Stock | Dio Casares Anthropic's secondary market is tens of billions of dollars deep, stacked with SPVs on top of SPVs charging 10% fees plus carry, and almost entirely opaque. @diogenes of @patagon breaks down how it actually works: - which deals Anthropic blesses and which get cease-and-desists, - why fake share certificates show up in 10-20% of executed deals, - what tokenized equities and pre-IPO perps actually represent, - and the mess of lawsuits and stuck shares coming when Anthropic finally IPOs. Enjoy. -------------- TIMESTAMPS 0:00 Intro 0:40 What is Going on in Secondary Markets? 7:03 How Anthropic Secondary Markets Unfold 14:51 Anthropic’s Secondaries Social Elite 19:00 Emerging SPV Structure 21:51 Accidental Frauds? 27:04 After IPO Consequences 35:13 Private Market Lessons 38:21 Patagon Markets 43:54 Tokenized Perps 44:57 Closing Thoughts
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jack friks
jack friks@jackfriks·
seeing this just gave me that same feeling that $30,000/month used to give me. it seems stupid, impracticable even.. to make THAT MUCH MONEY. but there are many people who really do make that much money. so why not me? why not you. time to keep going.
jack friks tweet media
jack friks@jackfriks

i realized this year that there is infinite money and its not silly at all to think you can make as much money as you want and have fun doing it in your own way. $30,000/month used to make my stomach crawl with how unattainable it seemed but its not at all untainable.

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@levelsio
@levelsio@levelsio·
@geoflags8 Yes same, I prefer it just functions and is basic than everything is broken but it's expensive
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Geo Flags
Geo Flags@geoflags8·
@levelsio Only had this conversation earlier. Checked out of a $500/night hotel this morning. A dribbling shower, bread for breakfast, everything very average. Just checked in to a $80/night hotel. Better bed, shower and service. Far from world class but significantly better overall.
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@levelsio
@levelsio@levelsio·
💯 Luxury experiences really don't exist anymore, at least not in the West It's become a fake roleplay of paying insane amounts of money for expensive food that's heated up in microwaves, $1000/night luxury hotels that are measurably worse than $100/night basic hotels and luxury products made in China for $100 and sold for $10,000 Some luxury still exists (especially good hotels and restaurants) in the Middle East and Asia but even there you have to really put effort to find them these days!
Noah Ryan@NoahRyanCo

There are very few true luxury experiences anymore. Most are just hyper-commoditized slop in an uncanny wrapper. Lounges, clubs, restaurants, hotels, travel. Its all one big racket. The only reason these exist is because the most insecure person you know still buys into the fake status these services conjure. Cheap and authentic is better than faux luxury.

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@levelsio
@levelsio@levelsio·
How to get your Stripe suspended fast (it's an in-game drone you can buy for my drone sim)
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@levelsio
@levelsio@levelsio·
When you end up in the wrong tab and add Pool Cover and Sauna home automation to your AI startup
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@levelsio retweetledi
Dip Wheeler
Dip Wheeler@DipWheeler·
the boys hit beijing.
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Ilya Tkach
Ilya Tkach@IlyaTkach5·
@levelsio Looks like you don’t have knowledge of spv.
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@levelsio
@levelsio@levelsio·
I've seen a lot of people offer you to invest in private companies like OpenAI, Anthropic, SpaceX, Stripe etc and you should really avoid these offers I think It's always like "yeah bro I know a way to invest I'll DM" Then it always turns out be some 3 or more layered SPV (special purpose vehicle) Which is essentially the original person who invested in them wants to sell his stock but legally can't (it requires board approval to sell and they usually won't allow you to, called right of first refusal (ROFR)) so instead they set up an SPV which they sign a contract with to pay it whatever the shares are worth at exit But then you read the fine print and there's 3 layers of SPVs who take % management fees and a large % of the gains So even if their stock goes up, you barely profit from it because the fees are so insane That is of course if you profit at all as these companies will mark the shares as void and worthless if they find out So yes it's mostly a scam/racket you should stay away from unless you get a really good deal and read the fine print! You should always try invest directly by asking, they probably say no but you can always ask! I ask staff or founders on DM when I am talking to them about a bug or feature idea for example, it helps to have followers but even if you don't you can always ask Especially if you're influential in a specific topic, many startups love to have you invest but you have to be early usually Anyway avoid SPVs or at least read the fine print!
Nick Davidov@Nick_Davidov

You invested $100K via a 3-layer Anthropic SPV at $380B valuation. Third layer takes 15% management/set up fees and no carry Second layer takes 10/20 First layer takes 10/20 So your real investment is 100*0.85*0.9*0.9=$68.85K. Given nobody scammed anyone in the matryoshka An exit at $1.4T IPO gets you a MOIC of ~2.8x after dilution. That’s $192K on the first layer. The first layer takes 20% carry, you have $167K left The second layer takes 20% carry ($36.4k), you have $130.6k left So you have made a $30K return on a $100K investment in a year. So layered SPV investment got you a 68% Anthropic exposure. Buying Google stock gets you 14% and Amazon - 18%. AND a multiple on all the money Anthropic spends on compute (most of their money). AND exposure to a money-printing business with a strong AI component that rivals Anthropic. AND no scam risk. While the 32% lost in SPV fees just fund someone’s coke habit in Miami. Same $100K put in AMZN and GOOG over the same time period would also get you the 30% return. You’re welcome.

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@levelsio
@levelsio@levelsio·
@zogger13 @miguelgbandeira Lift weights, do some cardio, have a fit body with high muscle mass and low fat, eat clean, be surrounded by people you love
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Miguel 🇵🇹
Miguel 🇵🇹@miguelgbandeira·
this is true portugal is cheap and entrepreneurship is rare here, sometimes even looked down on because of this i catch myself getting too comfortable and losing my drive to push harder
@levelsio@levelsio

The only 2 places where I felt ambition like this are the US and China Nomad hubs like Bali and Thailand are nice but often people there get stuck coasting at $5K MRR because it's just cheaper to live there, so that puts kind of a natural limit on ambition, very quickly you already make "enough" SF/NYC are so ridiculously expensive to live, so you HAVE to make a lot of money, and the high cost of living is a natural filter that keeps only broke but super ambitious or already successful people (and of course nepo babies esp NYC) China is not so much expensive to live, but there's some natural cultural ambition to become #1 in everything that's very infectious

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@levelsio
@levelsio@levelsio·
@ASvanevik Yes Singapore is great Except they're infected by sustainability and eco mind virus too which you can see when all the ACs are now at 27C
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Alex Svanevik 🐧
Alex Svanevik 🐧@ASvanevik·
@levelsio literally have all of the above in Singapore pay less than 15% in income tax
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@levelsio
@levelsio@levelsio·
I'm a big fan of taxes IF they worked Like I'd be fine paying even 50% personal income tax but then I'd want: - high quality roads with walkable sidewalks - police, fire brigade, ambulance that shows up fast - police that enforces laws, arrests criminals and a justice system that actually punishes them and keeps society safe - police that's at your house fast to protect you when you get a burglar or criminal - healthcare system where I can get helped fast, no waiting lists with preventative care (free blood work every 6mo) - fast fully digital government system - fast gov in general, like fast building permit approvals etc But in most countries you get absolutely none of this now so why would people wanna pay tax then? It's like paying for a service but you get nothing back or the service doesn't work and you're forced to pay it and you can't do a chargeback either!
teo — e/acc@phteocos

@levelsio I wish society can mature to the point everyone realizes taxation's unethical/theft, state's a gang of bureaucrooks & specially europeans have been funding their own extinction specially since Angela Merkel's debut that said, you should NOT🐂 do whatever is possible to avoid it

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@levelsio
@levelsio@levelsio·
@DonvitoAI The algo knows you're more into AI thots than real content
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Melvin Vivas
Melvin Vivas@DonvitoAI·
@levelsio It is the first time seeing your posts again in my timeline. Not sure what is happening. Did you go on vacation lol
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@levelsio
@levelsio@levelsio·
Tax and accountancy software and bookkeeping industry have perverse incentives to keep the tax code and bookkeeping hard so you have to keep paying a lot for their software and to hire them If they let AI just do it via their APIs, their value woudl go to $0 fast!
Ingmar Bruinsma@Kingmar1991

@levelsio Should not be that hard for companies to provide a pull function. Just that. So you can pull stuff after you've gotten a token from them. I don't see how that is negatively impacting anyone. If I hack your password for your login to download your invoices, that's the same thing.

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Keşfet

@teunvaandering @dooitzeyidejong @TheJerzWay @Bankless @diogenes @patagon @jackfriks @geoflags8