Seb Wallace

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Seb Wallace

Seb Wallace

@SebPWallace

Early stage VC @TriplePointVC. Co-founder https://t.co/johfUNu9MK. Tweets about tech, business and UK politics.

🇺🇳 เข้าร่วม Temmuz 2016
238 กำลังติดตาม354 ผู้ติดตาม
Seb Wallace
Seb Wallace@SebPWallace·
An excellent piece - and a recognition of the important cultural and societal debate we should be having in a liberal democratic society. It’s not racist to defend liberal democratic values (as some on the left claim). It’s naive not to. thetimes.com/article/325330…
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نافذةُ على الأخبارِِ
هی، اگر نماز می‌خوانی، پیام عاجلی داری برخیز، پیش از رکوع، آنچه نوشته بخوان اگر مرشدی، از مرشدت دور شو و اگر الهی، خدایت را پیروی کن اگر کلام ما شنیدی، از ما هستی وگرنه آنچه گفتیم نشنیدی، علیه ما اگر علیه ما، بدان در عداد مردگانی و اگر پیش از نماز درگذشتی، پیام ما بخوان
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The Wall Street Journal
Israel hacked a popular Iranian prayer app to send notifications to potentially millions of phones Saturday morning urging the country’s military personnel to defect from the regime and join a fight to liberate the country. on.wsj.com/3ZYXCy3
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Chris Bakke
Chris Bakke@ChrisJBakke·
Just walked in the front door after work. My 5 year old son ran to greet me. "Hi dad!" he said excitedly. As he went to hug me, I grabbed his shoulders and said, "Bud, I think you're overestimating the value of human relationships. I read that in a Substack today. Everything is different now. I mean - it was different before, but it's super different now." He blinked, clutching a plastic dinosaur. I couldn't believe it. Attachment to physical objects in a post-digital era. I gently rotated him toward the hallway mirror. “Look,” I continued, “do you see that reflection? That’s legacy hardware. Carbon-based. High latency. Limited processing power." As I kicked off my shoes, my 3 year old daughter came running up to me with a drawing she made in preschool this morning. She was glowing. Beaming. “Look, Daddy! I made this for you!” I glanced at it and explained that Nano Banana one-shotted her entire effort. Her job prospects were hopeless if she didn't understand this. “Sweetie,” I said gently, kneeling down, “this crayon sun? It’s 2022. Nano Banana can generate 100,000 emotionally resonant suns before you finish saying ‘primary colors.’ You need API access.” She asked what an API was. “Exactly,” I said, standing up. The crying started around then. Very emotional household. Understandable. They hadn't read *the essay.* My wife heard the children crying in the foyer and came to check on us. "I don't understand what's happening here, but why don't we sit down for dinner and talk about this?" she asked. "I made chicken pot pies!" “Dinner? Your contribution to a world where Amex and Mastercard are heading to zero by 2028 is DINNER?!” I started laughing. “Uh yeah…” I explained: “Cooking is a pre-Claude activity. Do you realize I can vibecode a functional DoorDash competitor in about 8 minutes now? It's all right there in the Substack.” As the kids continued sobbing, my wife looked at me in disbelief. “Okay, okay. Maybe it would take me 15 minutes to spin up a functional Doordash competitor,” I conceded. “Payments integration can be annoying.” She asked if I was feeling alright. “Better than alright,” I said. “I’ve seen the roadmap. I've read the Substack.” I gestured broadly at the house: “This? This is a future data center. The hugs? Deprecated. The drawings? Automatable. The chicken pot pies? Disrupted.” My wife folded her arms. “You used to like chicken pot pies.” “That was before I could prompt at a few hundred words per minute,” I said.
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Seb Wallace
Seb Wallace@SebPWallace·
The BMA has become a dangerous organisation that must have strikes restricted by legislation. Unfortunately they have become too politicised to be a medical body (calling politicians scum (re Tories) for example). thetimes.com/uk/politics/ar….
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Seb Wallace
Seb Wallace@SebPWallace·
AISP and DORA are evidence the EU is smoked. Regulation like that causes stagnation. Stupid hurdles for startups. Who comes up with this stuff? We need business experience in governments, to stop the useless red tape.
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Seb Wallace
Seb Wallace@SebPWallace·
There are two types of people in the world - people who decorate a Christmas tree with colour and people who decorate them just white. Be colourful
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Seb Wallace
Seb Wallace@SebPWallace·
Compartmentalise failure and move on
Camus@newstart_2024

Roger Federer broke the internet with one statistic that will change how you see every setback in your life. 1,526 singles matches. Won almost 80% of them. 20 Grand Slams. 103 titles. Now answer honestly: What percentage of total points do you think he won across his entire career? 70%? 65%? 60%? Try … 54%. He lost literally almost EVERY SECOND POINT he ever played for 24 years. And still became one of the greatest of all time. Watch him explain it himself (2:07 of pure life-changing wisdom): “In tennis, perfection is impossible… When you lose every second point on average, you teach yourself to say: ‘Okay, I double-faulted — it’s only one point.’ ‘Okay I got passed at the net — it’s only one point.’ Even a screaming overhead smash that ends up on SportsCenter Top 10… still just one point. So when you’re playing your point, it has to be the most important thing in the world. The moment it’s over — it’s behind you. That mindset frees you to attack the next point, and the next, and the next with absolute intensity and clarity.” Then he looked at the crowd and said the line that hit a billion people in the soul: “The real sign of a champion is not that they win every point. It’s that they lose again and again and again… and have learned how to deal with it. Negative energy is wasted energy. Cry it out if you have to. Then force a smile. Move on. Be relentless. Adapt. Grow. Work harder — and work smarter.” Save this post. The next time you lose a deal, bomb a presentation, get ghosted, miss a deadline, or just have “one of those days” — come back here and read it again. You’re not falling behind. You’re just in the 46%. And the 46% is exactly where every single legend has spent most of their career. Keep playing the next point. (full 2:07 clip — sound on)

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Seb Wallace
Seb Wallace@SebPWallace·
Speaking sense
dharmesh@dharmesh

"Why should companies pay for SaaS (HR/CRM/ERP/etc.) when they could just vibe code them?" I get variations of this question or comment with some regularity (granted, it's sometimes just me talking to myself). Here are some biased (but hopefully, well-considered) thoughts: 1) I am a big proponent and user of vibe coding (what I call "agentic coding"). I do it every day, 7 days a week, including Sundays. It's amazing. 2) My company, HubSpot is a software company. We have hundreds of professional engineers -- just about all of them use AI for product development too. They are brilliant and know how to build production-grade products. 3) Even with this powerful army of talent, the number of internal, core SaaS applications that we have replaced with a vibe-coded variant is exactly ZERO. The number of applications we plan to replace is also exactly ZERO. 4) It's not the absence of talent that keeps us from rolling our own SaaS apps, it's the presence of focus. It would be silly to try and replace our HR, team collaboration, expense tracking and 100+ other SaaS apps we use when we can just buy them. Just doesn't make sense. 5) That's us -- as a software company at some scale. If you're a non-software company it makes even less sense for you. Doesn't matter how good the AI coding tools get. Let's say you *could* vibe code a replacement for that SaaS app you're using, who's going to maintain it? Who's going to keep up with industry trends? What are you going to do when the 20-something genius that vibe coded it over a weekend leaves the company? Who do you call when there's a major bug? 6) If you're a Fortune 500 company at some scale, perhaps you could pull this off for some discrete use cases and the tradeoffs are worth it. You have an IT/Engineering department that is larger than the population of some countries. You can take on the pain in return for the positives. For the millions of others, my advice is: Spend every calorie possible on creating value for your customers.

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Seb Wallace รีทวีตแล้ว
dharmesh
dharmesh@dharmesh·
"Why should companies pay for SaaS (HR/CRM/ERP/etc.) when they could just vibe code them?" I get variations of this question or comment with some regularity (granted, it's sometimes just me talking to myself). Here are some biased (but hopefully, well-considered) thoughts: 1) I am a big proponent and user of vibe coding (what I call "agentic coding"). I do it every day, 7 days a week, including Sundays. It's amazing. 2) My company, HubSpot is a software company. We have hundreds of professional engineers -- just about all of them use AI for product development too. They are brilliant and know how to build production-grade products. 3) Even with this powerful army of talent, the number of internal, core SaaS applications that we have replaced with a vibe-coded variant is exactly ZERO. The number of applications we plan to replace is also exactly ZERO. 4) It's not the absence of talent that keeps us from rolling our own SaaS apps, it's the presence of focus. It would be silly to try and replace our HR, team collaboration, expense tracking and 100+ other SaaS apps we use when we can just buy them. Just doesn't make sense. 5) That's us -- as a software company at some scale. If you're a non-software company it makes even less sense for you. Doesn't matter how good the AI coding tools get. Let's say you *could* vibe code a replacement for that SaaS app you're using, who's going to maintain it? Who's going to keep up with industry trends? What are you going to do when the 20-something genius that vibe coded it over a weekend leaves the company? Who do you call when there's a major bug? 6) If you're a Fortune 500 company at some scale, perhaps you could pull this off for some discrete use cases and the tradeoffs are worth it. You have an IT/Engineering department that is larger than the population of some countries. You can take on the pain in return for the positives. For the millions of others, my advice is: Spend every calorie possible on creating value for your customers.
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Seb Wallace
Seb Wallace@SebPWallace·
Preach
Alan Smith@AlanJLSmith

Suppose that once a week, ten men go out for beer and the bill for all ten comes to £100. If they paid their bill the way we pay our taxes, it would go something like this: The first four men (the poorest) would pay nothing. The fifth would pay £1. The sixth would pay £3. The seventh would pay £7. The eighth would pay £12. The ninth would pay £18. And the tenth man (the richest) would pay £59.  So, that’s what they decided to do. The ten men drank in the bar every week and seemed quite happy with the arrangement until, one day, the owner caused them a little problem. “Since you are all such good customers,” he said, “I’m going to reduce the cost of your weekly beer by £20.” Drinks for the ten men would now cost just £80. The group still wanted to pay their bill the way we pay our taxes. So the first four men were unaffected. They would still drink for free but what about the other six men? The paying customers? How could they divide the £20 windfall so that everyone would get his fair share? They realized that £20 divided by six is £3.33, but if they subtracted that from everybody’s share then not only would the first four men still be drinking for free but the fifth and sixth man would each end up being paid to drink his beer.  So, the bar owner suggested that it would be fairer to reduce each man’s bill by a higher percentage. They decided to follow the principle of the tax system they had been using and he proceeded to work out the amounts he suggested that each should now pay. And so, the fifth man, like the first four, now paid nothing (a 100% saving). The sixth man now paid £2 instead of £3 (a 33% saving). The seventh man now paid £5 instead of £7 (a 28% saving). The eighth man now paid £9 instead of £12 (a 25% saving). The ninth man now paid £14 instead of £18 (a 22% saving). And the tenth man now paid £49 instead of £59 (a 16% saving).  Each of the last six was better off than before with the first four continuing to drink for free.  But, once outside the bar, the men began to compare their savings. “I only got £1 out of the £20 saving,” declared the sixth man. He pointed to the tenth man, “but he got £10!“  “Yeah, that’s right,” exclaimed the fifth man. “I only saved a £1 too. It’s unfair that he got ten times more benefit than me!”  “That’s true!” shouted the seventh man. “Why should he get £10 back, when I only got £2? The wealthy get all the breaks!”  “Wait a minute,” yelled the first four men in unison, “we didn’t get anything at all. This new tax system exploits the poor!” The nine men surrounded the tenth and beat him up.  The next week the tenth man didn’t show up for drinks, so the nine sat down and had their beers without him. But when it came time to pay the bill, they discovered something important – they didn’t have enough money between all of them to pay for even half of the bill!  And that’s how it works. Tax them too much, attack them for being wealthy and they just might not show up anymore. In fact, they might start drinking overseas, where the atmosphere is somewhat friendlier.  For those who understand, no explanation is needed. For those who do not understand, no explanation is possible.

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Seb Wallace
Seb Wallace@SebPWallace·
Ditching two child benefit cap while: - not cutting benefits, winter fuel allowance, pension triple lock - stealth increasing NI on business = tone deaf to ‘growth’. AI policy tinkering is irrelevant vs this macro policy error. Are we incapable of backing productivity?
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Seb Wallace
Seb Wallace@SebPWallace·
Government immigration plans are actually pretty well thought through IMO. Particularly like the time to ILR linked to tax band, other contributions (e.g. job) and whether benefits have been claimed. We should welcome all migrants, but only if they work and contribute.
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Seb Wallace
Seb Wallace@SebPWallace·
Labour is in an impossible place of its own making. Can’t cut spending without its economically illiterate parliamentary base throwing toys out the pram. Can’t make broad tax rises (ie. not just targeting wealth creators) without being unpopular with voters. Gen election plz
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Seb Wallace
Seb Wallace@SebPWallace·
@alexfmac Such a silly idea - NI is to pay for a worker’s pension and welfare (apparently). How on earth an AI agent needs that is beyond me. Luddite ignorance at its best
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Alex Macdonald
Alex Macdonald@alexfmac·
Ideas like this will soon be real policy. Income tax base will be gradually eroded by companies in the next decade. UK should focus on making itself the preferable jurisdiction for corporations to pay tax and hire real people. 1. Relax labour laws. 2. Reduce corporate tax. 3. Watch actual tax receipts increase.
Christian Lister@cdlxls

@DanNeidle ↘️

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Seb Wallace
Seb Wallace@SebPWallace·
@SlackHQ small requests - iPad app. On the threads view, let the user type responses directly (like desktop) rather than have to click reply (like iOS). Xtra step for no reason. Also allow right-click copy/paste on shared images + ‘download file’ from chat view (vs via share).
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Seb Wallace
Seb Wallace@SebPWallace·
This country has lost the plot. How on earth can someone not be allowed to post that about a proscribed terrorist organisation. This is really crossing the line on civil liberties IMO. Meanwhile the @metpoliceuk won’t even investigate and solve bike and phone crime!
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Seb Wallace
Seb Wallace@SebPWallace·
@HarryStebbings The UK is missing out on opportunity. We are progressing through the Laffer curve to the point where, outside of the innovation economy (where there are cracked people), there is a risk ppl collectively take the foot off the gas. This then slows the economy
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Harry Stebbings
Harry Stebbings@HarryStebbings·
If I was Nik I would have absolutely made the same decision. 18% holding of Revolut. Company will be worth $200BN without a doubt. $36BN position at that price. His cap gains bill alone would be $8BN-$10BN. Now in the UAE it will be $0. The Labour government has to realise we are in a global war for talent. Sad and mega loss for the UK.
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Seb Wallace
Seb Wallace@SebPWallace·
How’s that ISO and SOC ‘must have’ certification working out for them? Wild the number of businesses that profit off these tickbox certifications with busy work techcrunch.com/2025/10/03/hac…
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