Marcus Rathsack
48 posts
Marcus Rathsack
@marcusdane_
Helping startups take control of their equity @RollupsHQ
New York, USA Katılım Ağustos 2023
1.2K Takip Edilen238 Takipçiler
@quichenpatel @ivanburazin Is there a preferred platform you’ve used or have seen used for this? I think Angel List is one?
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Most founders set their angel round minimum at $5k, $10k, or even $25k to reduce cap table bloat. We set ours at $1,000.
Seemed crazy to everyone at first. But it made a lot of sense.
1/ Made it easy for younger operators, early-stage founders, and people who believed in us but couldn't write huge checks to participate
2/ With a lower barrier, commitments came in faster. Seeing 5 new investors commit in a week builds psychological momentum
3/ 100 angels advocating for you >> 10 angels. More voices in more rooms. More intros to customers, hires, and future investors
4/ When investors on the fence saw dozens of names on the list, FOMO naturally kicked in
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@ivanburazin For the sake of your cap table - this has to be an April Fool's joke.. 😬
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Seems like a great idea at first. Why not just do a crowdfund? That could build a greater community depending on your project. Sometimes that’s not feasible.
Accepting 100 angel checks sounds far fetched even at 1000 USD. Then there’s the bloat on the cap table, and could be a drag to raise future rounds.
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Marcus Rathsack retweetledi
Introducing: Secondary Vehicles
Now companies can run their own secondary SPVs for delivering liquidity to shareholders without the predatory SPV fee/carry structures.
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“The most important thing that’s going to happen in the world in the next 3-4 year is data centers in space” - @GavinSBaker
We have the first Nvidia H100 operating in space at @starcloud_ 🚀
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Grateful for my time in Runway, learned so much from @agermanidis @c_valenzuelab and the entire team!
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Update: I’ve recently left Runway to start a new company!
GenAI transformed how we create, but not how we experience what’s created. It’s time to rethink how we interact with intelligence.
We’ve just closed a seed round with amazing top-tier investors. If you’re excited building what comes next, let’s chat.
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Private equity has apparently started buying up youth sports facilities and banning parents from filming their kids' games.
Instead, they’re pushed to buy the facility’s paid subscription for official footage, with some even warned about blacklists or team penalties if they record anyway.
We react:
“Every kid’s sports team should have a dad or a mom that’s the CTO, and their job is just to rig the entire field with cameras and then provide crazy edits for each kid after, even if they lose”
“Well, what they need to do is they need to form some sort of union basically where they all say 'We all are going to film, or none of us are going to attend, and we’re going to take our business elsewhere.'”
High Yield Harry@HighyieldHarry
Evergreen
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Ok, so now we have two rocket companies that can reuse their frames. What now?
SpaceX does like $15B in revenue and half of it is from Starlink.
I assume Jeff Bezos isn't making his own internet. I also don't think there is another $8B in payload contracts. so .. whats next?
Jeff Bezos@JeffBezos
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@KTmBoyle Congrats to your son!
Curious your thoughts: x.com/victortaelin/s…
Taelin@VictorTaelin
in a post-AGI world, people will simply get used to the fact that computers can solve cognitive problems quickly, and beat us in any cognitive domain, just like we're used to computers multiplying large numbers quickly now, or kicking our asses in chess and go. software and math will lose all their scarcity. "pls create a MMORPG that is like Zelda: Breath of the Wild but with Pokémon instead, let me fly around the world as a Charizard and dive on the water like a Gyarados. give me an executable that I can send to my friends and we'll all be connected to the same world" you press a button and, 3 minutes later, done I doubt that won't work by 2027 "pls create a blockchain exactly like Bitcoin except it uses quantum resistant signatures like Lamport, and you can deploy smart contracts in a Lean-like language, and contracts are only accepted if they're formally verified to be correct w.r.t the following specs..." you press a button and done, you have a hack-proof chain "in three space dimensions and time, given an initial velocity field, there exists a vector velocity and a scalar pressure field, which are both smooth and globally defined, that solve the Navier–Stokes equations" you press a button, and done, you get a solution math is fundamentally easy, and this will break some ppl's worldviews. currently, math seems mystically hard, like chess once was, because we're are animals that struggle with it, only a few of us are capable of adding fractions, let alone working on the edge, so hard problems stand for a long time unsolved, we praise our geniuses. but it isn't once computers are doing it, that won't be a thing anymore. theorem proving will be as trivial as multiplying large numbers. the "uh duh but godel?" folk will still be confused. and computers will come up with incredibly simple, clean Lean proofs for impossibly hard problems. and mathematicians will yell that it is just some trick to satisfy the checker, that it isn't real math if we can't understand it. but then we'll ask the AI and it will kindly reveal the nature of a surprisingly clever mathematical structure that is so alien for our brains to come up with and life will go on automation will increase 100-fold food and goods will be abundant the price of everything will crash other than things that can't be copied like human time and attention which will be on all time high and humans will still play chess and humans will still write software and humans will still do math and we'll dance, play sports and love like we always did for the love of it software and math will lose their scarcity computers will be truly general solvers and we'll get used to it faster than you think and life will go on
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My son came home with a Pre-K report card; I read it and was thrilled. My husband read it and was baffled.
I read it and anchored on the lines that really matter: “He excels quickly in all his math assignments and has mastered the math and reading concepts presented.”
My husband focused on the extra full page on “social emotional growth” commentary and looked confused the whole time. “What does any of this mean?”
“Nothing,” I said. “Ignore it.”
And then that evening we explained to our son the lesson that is going to get him through his life: “People will put up with many things if you are excellent at math. You’re so good at math. We’re proud of you.”
And that was that.
There are many important posts going viral today about the tragedy of young men. Combatting the systems that seek to destroy their nature begins in the home, and it begins young.
I don’t care about the “social emotional growth” of my sons because I know what values we’re instilling in them. Telling them what really matters begins with dad and mom.
The family can be a reprieve from all the nonsense. It requires constant vigilance, but it’s the first step in preparing them for the madness outside.
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Does he lead an anti tax movement or an “efficient” tax movement. The problem is not necessarily subsdizing education so much as it’s a structural issue with cost of education. IMO subsidizing is what it is but it’s more or less a bandaid, not a a structural fix. One could argue that subsidizing has lead to higher cost in education.
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@TheFP Thiel frames student debt as generational conflict, but it's a policy choice. The anti-tax movement he funds led states to slash public university budgets, offloading the cost from taxpayers onto students. It's not a war between generations; it's a wealth transfer.
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Peter Thiel: If you graduated in 1970 with no student debt, compare that to the millennial experience: too many people go to college, they don’t learn anything, and they end up with incredibly burdensome debt. Student debt is a version of this generational conflict that I’ve talked about for a long time.
The rupture of the generational compact isn’t limited to student debt, either. I think you can reduce 80 percent of culture wars to questions of economics—like a libertarian or a Marxist would—and then you can reduce maybe 80 percent of economic questions to questions of real estate.
It’s extremely difficult these days for young people to become homeowners. If you have extremely strict zoning laws and restrictions on building more housing, it’s good for the boomers, whose properties keep going up in value, and terrible for the millennials. If you proletarianize the young people, you shouldn’t be surprised if they eventually become communist.”
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Marcus Rathsack retweetledi
Introducing: SAFE fundraising + USDC.
Sign SAFEs in seconds & get funded even faster.
Here's signing and funding an investment in 15 seconds.
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@EGFRReceptor @USTechWorkers Not saying we’re not making any progress on research front nor am I one to even speak on this topic but Peter Thiel would beg to differ bigly
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@USTechWorkers I understand your arguments, but Chinese students contribute to active research projects led by American scientists. Deporting them would harm American science and waste significant funds from research grants. You cannot stop and restart these projects quickly.
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There are roughly 270K Chinese students in the US, the second largest sending country. Moreover, over half of postdocs working at universities, doing research, are foreigners here on temporary non-immigrant visas.
The reason for so many is two-fold. First, the CCP runs a massive overt and covert tech transfer program against the US. Second, foreign students are eager to participate in jobs programs such as Curricular Practical Training (CPT) while in school and Optional Practical Training (OPT) after they graduate. For those that qualify for STEM OPT, they get a 3-year employment authorization document that permits them to work anywhere in the US.
If @realDonaldTrump wanted to flip the trade tables on China, he would direct @DHSgov to terminate the STEM OPT program as well as greatly curtail CPT. He has the authority to do both with no need for legislation,
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@LSUtigerTrack @chamath Would it be unfair for them to be on the hook?
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@chamath Its not that simple. Commodity prices go asymptotic when they reach the limit of full utilization. They could end up being on the hook for recapitalizing a very large part of the respective local grids.
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The simple solution for hyperscalers is as follows:
Option A: agree to a higher rate base with the utility so that you can guarantee people in the local geography won’t see increased electricity rates.
Option B: agree to pay for resi solar + storage for local citizens so they won’t see increased electricity rates.
Either way, if the hyperscalers don’t use their gobs of free cashflow to cushion the inflation of electricity rates, you should expect to see a lot more pushback.
Shanu Mathew@ShanuMathew93
First Google in Indiana and now Microsoft in Wisconsin. The local and political pushback against data centers is just getting started and will quickly snowball if there isn’t more education around the composition of residential electricity rates and what’s driving the increase region to region. Hyperscalers need to get serious (even though they very much are) on get in in front of this issue with bringing on new capacity, singing clean sources of power, and/or putting up the capital or providing it through a bilateral deal to ensure that ratepayers are not on the hook for their needed new energy infrastructure for AI.
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@helium Would deploy in Bushwick at my favorite Taco spot @matthuang
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Introducing @tempo
A payments-first blockchain incubated by Stripe and Paradigm
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@SolanaJax @solanamobile Are you based in U.S.? When US shipping?
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