Øyvind Reed

@einarvollset Det går fint. Jeg kan låne deg 4mill til EK også. Free of charge, of course.

Jeg bare sier det, hvis noen vil selge meg en 300kvm Frogner leilighet for 14mill så er det bare å ta kontakt.

@HarryStebbings You're gonna have to make due hearing from me, @HarryStebbings. Interesting write up and curious to hear your thoughts (and @jasonlk please) on how this will trickle through to entrepreneurs? More building without external capital or will people stop building companies at scale?

6. Is the Elon Premium on SpaceX Justified? SpaceX had ~$15BN revenue in ‘24 and ~$18BN in ‘25, growing ~30%. The market is valuing it at ~50x run-rate revenue. It feels like 80% of the value is the Elon premium, and 20% of the value is the actual business. Love to hear your thoughts on this @shaunmaguire @zebulgar @FutureJurvetson

3. NVIDIA Would Have to Bail Out OpenAI If NVIDIA can afford it, they have to bail out OpenAI if they stumble. Other competitors like Anthropic are already diversifying to TPUs and AWS. OpenAI is too big to fail. Do you agree, NVIDIA would have to bail out OpenAI @andrewdfeldman @evishria @vassallo @GavinSBaker

@chrija Curious Christoph (as I keep hearing conflicting views on this), but will this change investing across all stages, or more prominently in early stage vs later stage?

@blockitAI - love your product. It really does work brilliantly for me. But surely, you need to offer a plan in between "lite" and "infinity". The jump from one to the other is massive. I'm a fan, but the pricing/plan right now is prohibitive.

@_halfspaces Surely we need to blame the players today. They lost so many 50/50 duels and invited United into this game after we scored.

All of this stems from the manager I’m afraid. There’s no getting away from it for Arsenal fans. Look how confident United looked on the ball today and then look at us. We simply lack bravery and risk-taking. Hoping for set pieces to rescue us.

@_Matteoox It's mad. Feels like watching Man U Fan Tv.

@chrija Tell me about it. I have the same feeling. 🤣 I'm just hoping I can get away with it by being polite and nice to my agents.

Working with multiple agents in Replit and Claude Code makes me feel like I'm the dumbest person in the room. Grateful to work with such a great team, just hoping they don’t notice that I don't really have a clue. :)

@zoink @dessaigne @RoKhanna @amasad the Norwegian government has tried this policy. And it's a complete and utter disaster. Our best company builders and entrepreneurs are fleeing the country in droves. And tax revenue (income tax etc) from those same people have gone down dramatically. IT.DOES.NOT.WORK!

Sure thing. You asked for a post explaining the nuance so here you go! I'm sorry for the length; you'll see that at the end it all ties back to funding health insurance for your constituents… As you know, companies can be private or public. Holders of public company stock can trade in liquid, public markets after the lock-up period expires. Let's ONLY focus on startups that are private because this is an absolutely critical policy point. It's very easy to accidentally kill the goose (Silicon Valley) that lays the golden eggs (startups that get big and create tax revenue for California). From your reply, I think you are assuming that the situation where a private company founder has "truly illiquid" stock is an exception. This is not the case. Example: a private company raises a new round at a multi-billion dollar valuation! Everyone is excited! This thing might actually work! Some shareholders like the founders (and potentially early employees) might now need to pay the wealth tax, but they can’t pay a tax in company stock. Assuming a typical situation where the founder’s net worth is entirely tied to their company, they will need to sell more than the $$ amount levied by the wealth tax because they need to first pay capital gains. In other words, they face a double tax event. Now let's fast forward a single year. Unfortunately things haven’t gone according to plan (either due to macro events or other factors) and the company can’t raise an up-round or even execute a tender offer at the same valuation again. There isn't any secondary demand at the last round price; there are simply no buyers. Now the founders need to pay the 1-2% wealth tax again. But all their “wealth” is “paper money” from the company stock they hold at the last valuation. What can they do? Three options come to mind. LMK if I’m missing something. (1) Since the founders can’t sell stock at the last round valuation, they could reduce the valuation of the company through a down round. This risks key team members leaving. It also might be harder to recruit new key talent. And this is assuming there's an investor willing to do a down round, which is not always the case. This is also ethically complicated… if the founders choose this option purely due to a personal tax situation, they might be prioritizing their needs above the needs of their team. (2) The founders could take out a big loan to pay a tax bill that might not even be accurate. This is very risky. Even if the company executes perfectly, the macro environment might falter and the founders might never be able to repay the loan. The founders are potentially risking personal bankruptcy. (3) If it's a California wealth tax... then the founders could just leave California. This is not a contrived situation. Most startups don't work out. Almost all private startups have ups and downs... even in the “growth” stage with "billions" in market cap. And the oscillations of these ups and downs are happening faster and faster these days for many private companies. The best startup founders plan ahead and feel responsibility for their employees. If they think staying in California is a risk to their business, their employees, their families... then they will simply leave for somewhere else. Silicon Valley startups (ironically) follow the herd. Once enough respected companies / founders establish a pattern, other startups will follow, even if the wealth tax does not apply to them yet. (Every startup founder believes their company will be the next big thing.) So, in summary, if there's a California wealth tax that applies to the founders of private companies: 1. There are many situations where the founders of private companies will not be able to pay it and will be forced to consider leaving California. 2. Smart founders thinking ahead will mitigate this risk by leaving California before the situation applies. 3. The herd will follow the best and brightest founders / companies. 4. California will lose the next generation of big, important, job / tax generating companies. 5. This will lead to less tax revenue, less state healthcare funding, less education funding, etc. I hope this post helped explain why it's a bad idea to try and implement a California based wealth tax that targets the unrealized gains of private company stock. This is just ONE aspect of why a California wealth tax is bad policy. Happy to discuss further…

Peter Thiel is leaving California if we pass a 1% tax on billionaires for 5 years to pay for healthcare for the working class facing steep Medicaid cuts. I echo what FDR said with sarcasm of economic royalists when they threatened to leave, "I will miss them very much."

@sindrewino Ta med at andre land i EU ligger laaangt foran Norge så blir det enda mer flaut @sindrewino. Det er uforståelig at vi har satt oss selv i en sånn posisjon.

Flaut

Lots being said about the way @Arsenal conduct transfer business this window. However, we need to credit an exceptional media team at the club too. This is next level!! 👏👏👏

@Mathiashag Hvordan er det mulig??????? Hvor lite forståelse av verdien av øyeblikk kan man egentlig ha??

Jævla Viaplay

How incredibly stupid must you be to go to commercial break as @Arsenal announce Eze live at Emirates @ViaplayFotball !!??? I mean, seriously, what are you thinking???? Paying for this becomes less and less obvious.

@HarryStebbings Nice hat, Harry! 🤩

Viktor Gyokeres is a Gunner 🇸🇪🔴⚪️

🔁 RT if you think 🇳🇴 @AbraJonas is the Super-combative of the #TDF2025! 🔁 RT si vous pensez que 🇳🇴 Jonas Abrahamsen est le Super-combatif du #TDF2025 !

@HarryStebbings This is your finest tweet ever, Mr Stebbings. 🙌

The biggest BS in tech is that PMF is a moment in time. It is not, it is merely a chapter. Your hunt for PMF never stops. There is always a new channel, new product, new segment you need to sell into. PMF is a continuum not a static moment.

@ric0seq @PointNineCap Stunning location and great people! So sorry I missed this. Enjoy P9 family. 🙏

Epic days in my home turf with the @PointNineCap fam #FounderSummit

Really enjoyed this episode @HarryStebbings. You need to have @thulme come back as he's an amazing guest. 🎯🎯🎯 And I'm not just saying that cause he's an Arsenal fan. 😎 open.spotify.com/episode/0h6r7H…

@chrija A pretty good week, huh, @chrija ? 😎

It's been a busy news week, and I'm not talking about Trump trying to annex Canada and Greenland, doing his best to ruin the economy with stupid tariffs, or some of the other crazy shit that's going on. What I am talking about, ICYMI: 1) We're excited to support Project Europe alongside @twentyminutevc, @adjacent, and 125+ of the best European founders. Huge congrats to @HarryStebbings for pulling this off in record time and thank you for giving us the opportunity to participate! 👉 projecteurope.co 2) @MissionBarns has secured FDA approval for cultivated fat, making it the FIRST company in the world to receive regulatory clearance for cell-cultivated pork fat, and only the third to secure US approval to sell cultivated animal cells for human consumption. An incredibly important milestone, hats off Eitan Fischer. 👉 missionbarns.com/press 3) More great news for cultivated food: @eatGOURMEY has been chosen by the UK’s Food Standards Agency (FSA) to join its pioneering regulatory sandbox for cell-cultivated products. Congrats! 👉 food.gov.uk/news-alerts/ne…

@signalgaining @HarryStebbings Sleeping on, Harry?? Wtf? Talk about missing the bigger picture. 🤯

For a long time I think most people dismissed @HarryStebbings but he may have some major legs