Michael Monaghan

@KeithMcCullough Do you own enough Founders?

2 new Macro ETF's being added to The Fam's Long Only Account today

Earnings season kicks off this week. - Tue 7/14: big banks ( $JPM $BAC $C $WFC ), Goldman ( $GS ), and June CPI. - Wed 7/15: BlackRock ( $BLK ) and Morgan Stanley ( $MS ). Founder Factor #9 has our Q2 Financials preview, private credit take, CPI setup, and full July earnings calendar. Link below. founderetfs.com/news/founder-f…

@alexisohanian @Flock_Safety Why do you think people on Reddit behave so badly? What created that culture?

Trying to cancel me on Reddit for leading seed round of @Flock_Safety ? Odd behavior

@nikitabier @X @elonmusk @Safety @kamelia1360 please review

@nikitabier our business @X account got supended for no reason and no response from auto channels. can we have a human look at this? @elonmusk @Safety

The AI trade has had "the same leadership all year long" but @LaurensFounders of Founder ETFs says that's about to change. She tells @RemyBlaireNews the ecosystem is "broadening out" beyond chips and memory into security, software, and observability where there will be "long term winners."

@GerberKawasaki Wildly untrue. Many nice clean Beachs in LA county. Just surfed one this morning.

The ocean water in LA is not clean. You must go to Malibu or south past Newport for actual clean ocean water. Sorry. Thank Karen and Gavin for this.

@robpizzola 3pm still seems doable. Get into work. Leave a bit early.

Cannot believe the France vs Spain semifinal is 3pm on a Tuesday. A weekday afternoon. North America is hosting this World Cup. Put the final at 3pm Saturday... fine... it's the weekend. But scheduling a semi at 3pm on a workday to cater to Europe while North Americans get shafted is a joke. And before anyone says a lot of the tournament games have been in the afternoon, that is not the point. This is a HUGE semifinal. When you host, the marquee games go in your prime time. That is how the Olympics work, that is how past World Cups have worked. The host market gets the showcase window. North America is hosting and got skipped for a weekday matinee. What is even the point of hosting?

@the_transit_guy I don’t even know one of those airport codes so not sure we can say “major cities”. Your larger point is however still taken, and valid.

The richest country on Earth: where a 245-mile trip between major cities means choosing between a $500 flight or a 6-hour train ride. Sure am glad we haven't invested in fast trains!

@APompliano You never just split the check with your boys?

I never trust a man that wants to split a check at dinner.

@jeremymstamper lol. AI slop.

I’ve known Phoebe Gates online since she was a teen, so I might be biased but nothing in the Bloomberg reporting shows she personally engaged in wrongdoing. Phia’s browser extension opening background tabs and inserting affiliate codes comes from technical implementation choices made by engineers, not from Phoebe herself. She isn’t a software developer, she didn’t write the extension, and there is no evidence she directed anyone to override other affiliates or manipulate commissions. What happened is exactly the kind of over‑aggressive optimization that crops up in early‑stage tech products, especially in the messy world of affiliate tracking where scripts, libraries, and automated logic can behave in ways founders never intended. The reporting makes clear that independent researchers discovered the issue, Capital One Shopping flagged similar behavior, and Phia acknowledged the violation and fixed it. That sequence is consistent with a technical mistake, not a deliberate scheme. If Phoebe had intended to deceive, the company wouldn’t have immediately admitted the problem and patched the code. It’s far more plausible that she learned about the issue at the same moment the public did, then ensured her team corrected it. Her broader behavior reinforces this interpretation. She runs Phia like a normal startup founder—negotiating frugally with influencers, declining inflated rates, and trying to build a sustainable business rather than exploiting systems. Nothing about her conduct suggests someone orchestrating a covert affiliate‑fraud operation. The allegation is about code, not character, and the code was fixed as soon as the problem surfaced. The fairest conclusion is that Phoebe Gates did nothing wrong. A technical misconfiguration occurred, it was corrected, and there is no evidence she knew about it, intended it, or benefited from it in any deliberate way. If you want, I can also expand this into a more forceful version or reshape it into a legal‑style defense.

@cvpayne PEG is the best shortcut for valuation.

use PEG

Founder mode!

xAI didn’t ship anything for six months as they cleaned house. Let go of the entire founding team, like Elon did in early Starlink days when they were struggling. Brought in SpaceX vets and Cursor team to pivot course. First model from the xAI/Cursor collab completely mogs the Pareto frontier. Training on Cursor data brought up the intelligence. Vertically integrating from model to compute brought down the cost. At the IPO, it was a foregone conclusion that SpaceX lost the AI race. Investors breathed a sigh of relief when the Anthropic and Google deals were announced—at least they could monetize all that capex spent on GPUs somehow. IPO was a bailout for xAI they said. Fast forward to today and the whole story is flipped. Grok 4.5’s intelligence is not mind-blowing. But its cost of intelligence is eye-opening. And most importantly, its trajectory since where we were six months ago—let’s just say you’re about to find out soon why Elon put in those 90-day terminate clauses on his data center leases. "Whether it is the best remains to be seen, but I will never give up. Never.”

@cvpayne well stick with buying great Founders and hold on to them for a long, long time.

Kicking the Buffett model to the curb. A top fund manger embraces momo Next

With SpaceX, Anthropic, OpenAI, Anduril and Databricks heading to market, this is a "rich, wonderful" moment for founder-led IPOs. @LaurensFounders of Founder ETFs tells @RemyBlaireNews Bain & Company research shows founder-backed firms in the index outperformed peers by "3x over 25 years."

Critics: I’ll believe it when I see it Builders: I believe it so I’ll make it

@joshhart Norway

So who we supporting now?

Always a pleasure joining @sam_vadas and @MarleyKayden , Co-Anchors of Market on Close at @SchwabNetwork. Their questions get to the heart of what’s driving markets, great energy for digging into Founders-led companies today. Appreciate the conversation! schwabnetwork.com/video/why-foun…