TMT Landlord

Eating frog legs in Paris

Accurate

@bubbleboi Real

My only dream in life is to see everyone involved with prediction markets prosecuted shamed and shunned from society forever.

@Henrik_on_HL This is like saying apple will end because other phone companies made their keyboards touchscreen

The end for Hyperliquid 😂

@undrvalue wall street always wins

Many are saying OpenAI’s $10B private equity joint venture is giving a “desperate” feeling Vendor financing dressed up as venture capital. Guaranteed returns that smell like a Ponzi. A company burning $14B this year buying distribution it can’t earn organically. I’d push back… TPG, Bain Capital, Advent, and Brookfield put up ~$4B. They get preferred equity with a 17.5% minimum return, board seats, and early access to OpenAI’s newest models. OpenAI gets instant distribution into hundreds of portfolio companies. No traditional enterprise sales cycle. No selling company by company. The part people are missing - a huge number of software companies are privately held. Thoma Bravo alone owns 75+ software companies generating $30B in annual revenue. PE firms collectively did $1.8 trillion in buyouts last year. These companies are shifting to heavy token consumption. AWS knows this. They run a dedicated PE sales function - advisory programs, transformation consultants, the whole apparatus. Azure and GCP do the same. OpenAI is running the cloud distribution playbook. Wholesale tokens to PE portfolios at scale. The difference is exclusivity. AWS doesn’t ask PE firms to put up $4B and take board seats. They give the advisory away. OpenAI is asking for capital commitment, which buys preferential access, dedicated forward deployed engineers, and a financial incentive for the PE firm to actually push adoption across its portfolio. A PE firm that invested $4B in this JV isn’t running a parallel RFP with Anthropic. That’s the point. The 17.5% return looks like a red flag until you look at it closely. It’s a preferred equity hurdle, not a coupon on debt. Priority on returns before common shareholders. Standard PE structuring. The number is high, but OpenAI is buying a captive distribution channel into enterprises they’d otherwise spend years trying to reach. Anthropic is running a parallel deal with Blackstone, Hellman & Friedman, and Permira. ~$1B. Common equity, no guaranteed return. More of a Palantir-style consulting venture. Both companies doing this simultaneously tells you where enterprise AI is heading. The bear case is real. 95% of enterprise AI pilots fail to deliver ROI. $14B in projected losses this year. Profitability not expected until 2029. All true… and OpenAI’s enterprise business is already $10B of $25B in revenue. 40% and growing to 50% by year end. The distribution problem is what’s left to solve. Anthropic wins bottoms up. Developers love Claude. The product sells itself in technical orgs. OpenAI could win top down. The PE JV is a bet that enterprise AI follows the same pattern as cloud - whoever locks in institutional relationships and procurement contracts early owns the market for a decade. Orlando Bravo called AI valuations a bubble and walked away. He could be right. But the firms that showed up are managing the math differently - $4B for a preferred return and a front-row seat to deploy AI across their entire portfolio. Distribution, not desperation.

@hoeflatoor I’m genuinely fascinated at the eliteness of this hate

Bro you have permanent underclass physiognomy In a different lifetime you would be crouched on a field farming millet and rice but the Winds of Fate brought you instead to modern America to see if your bloodline could break its curse Instead, you jump right into peasantry antics once more, angering the Heavens with your impunity

I never learned to code. First it was too hard, then it was too easy.

WATCH 🔴🔴 Trump on Iran: "We have had very, very strong talks. We'll see where they lead. We have major points of agreement... They went, I would say perfectly. I would say that if they carry through with that, it'll end that problem, that conflict."

@SecRubio I know you’re just giving the boys an opportunity to get out of the market so thank you but also no thank you because u started the war but then again thank you very much for killing terrorisgs

Trump is just giving us an opportunity to get out because he’s one of the boys

There’s no way I can build my AI startup while trading these markets lol

Eventhough private equity launders volatility at least they don’t reprice their bank balances 10-30% off a fucking tweet

@alex_hunter20 Welcome to trump markets, tell ur finance professors they are regards

tf is going on

@lord_fed Bro can just tweet and wreck portfolios and we spend our entire lives trying to build portfolios lol we are the joke here

That move was just a little tester

@taobanker @0xSisyphus Thank you for using the terms negative externality nobody around me uses them and I need better friends

the negative externality of allowing these people in NYC instead of SF loser containment zone is astronomical

this will end in tears

@FP81609189 @Citrini7 lol ur gonna get rekt

@Citrini7 Same here, I was a bear in January, now I m deploying cash very aggressively

I kind of knew the market would go lower when we posted that we reduced our longs by 30% when SPX was like 6800 and the next session when it went to 6830 we already had like ten people on twitter attempting to dunk on us. That being said, some dips are getting interesting now…

@HeyMan800 Hindsight clarity.

Big shout out to the activists at Elliott Management that convinced Southwest Airlines management to stop hedging fuel costs.

@abcampbell Facts I’m so sick of the fake economy