Indigo Ethylene (indigoethylene.com) — 50% cheaper plastic production @GarrowGeer 's working unit already produces ethylene, the precursor to plastic, for half the cost. Co-founder: 13 years in catalyst R&D, expert in oxidative dehydrogenation. 📩 [email protected]

I will pay you $1000 if you show us the following: 1. Video of the sweaters being knit in Los Angeles 2. Where the machines are made that make those sweaters via 3. The box holding the cotton thread showing where its made @fw_automation @JoshuaSteinman @DenverRayburn My argument wasn't about the sweater, but here's your opportunity to show us all how you're reindustrializing America with a knit sweater. You've multiple times claimed its profitable at $16, so please tell us: 1. Material cost for the 2XL sweater 2. Rent in Los Angeles 3. Shipping cost 4. Packaging Again, it's not about the sweater. I'm speaking generally, but if you want to make it about the sweater, show us! It's cool right? Sorry forgetting confused for thinking that the $320 sweater was "the real one", which apparently is... made in Portugal? Why are they still selling at $320, but you're sold out by the way? If it's your design, why are you allowing that? And that "the real one" is sold out for me and has a woman wearing it who is either AI or photoshop or both. What's that about? It's confusing, so show us, and I'll pay you $1000!

Reindustrialization isn’t buying a $320 made in the USA sweater that can be bought for less than $10 in multiple other countries. It’s not about getting a billion dollar valuation on your startup that has never built a real product that has a multi-million dollar contract from a government that spent 2 trillion more than it took in this year. It’s not about looking cool** and it’s not about getting asset-price rich on mystery money. Reindustrialization is about 4 things. Until we have those 4, it ain’t going to happen. Let me tell you a short story. We had a supplier in China with a coal boiler. The coal boiler belched dark soot into the air. One day the government came in and said “you can’t use your coal boiler anymore. Replace it with a natural gas one; the coal is dirtying up the air.” The factory would have to shut down for months. No money for the boss. No work for the employees. And no orders for me. “How long will the orders be delayed?” “They won’t.” “And how will you do that?” “Don’t worry about it.” The orders shipped on time. How? The factory switched to working nights. The black smoke from the coal boiler couldn’t be seen in the dark night sky. At the same time they installed a new natural gas boiler during the day. By the way, this boiler was bigger than two semi trailer trucks side by side, literally it is beyond most people’s comprehension. And that’s the point. Reindustrialization is beyond peoples’ comprehension in America. 1. You need to have a government that does the right thing 2. You need to have factory ownership that is hungry for business 3. You need to have workers who are willing to make big sacrifices 4. And then everyone around them needs to be able tolerate the black smoke from the coal boiler We don’t have any of these things today. Will that change? Maybe, but overpriced sweaters and billion dollar valuations on vaporware is not how we’re going to get there.

Adventure Capital

Who says bonfires are for Fridays

BREAKING: It’s PT’s birthday

Isaiah, after everything we’ve been through together I’m surprised that you would publicize our disagreement in this fashion. But since you have created public interest in this, it is important that people should hear both sides of the story. Day One has been a major investor in Valar from the beginning, and we have never wavered in our belief that the company will be a success. This faith and support in our founders is why fourteen Day One founders have become limited partners in Day One’s most recent fund. In 2024, Day One invested in Valar’s seed round. Later that year, Valar required a seed extension after miscalculations by management regarding the capital needs of the business. Day One stepped in to provide this seed extension, saving the company in a difficult time. When it came time to raise a Series A, Valar spent several weeks on the market without success. At Valar’s request, Day One then offered the first term sheet and co-led the Series A, again saving the company during a time when deep tech startups in highly regulated industries were a difficult sell in venture capital. Then when Valar needed a Series A extension, Isaiah asked that Day One waive our pro rata rights so as to make a tenuous financing deal work out. We agreed for the good of the company. As part of these transactions, Valar agreed that, if their long-shot effort to build nuclear energy as a startup did succeed, Day One would have rights to participate in future rounds that could not be eliminated without Day One’s consent. This was a fair bargain at a time when Day One took extraordinary risks by betting against the market when Valar’s future appeared highly uncertain. Following the achievement of criticality on June 18th, our faith has been validated. Valar went from being an obscure company to a hot startup. We congratulate the Valar team on their hard won success! Of course, when it came time for Valar to raise a Series B after achieving such success, Day One expected to participate in that round – as both parties had agreed. But at this point the normally positive communications between Day One and Valar took a negative turn. Valar insisted that Day One give up all of its future pro rata rights despite the parties’ agreements, and despite four out of six major investors participating in the Series B round without waiving. This went against both the letter and the spirit of our deal, so we did not agree. In decades of investing we have waived pro-rata rights dozens of times, but no other company has ever demanded that we give up all of our rights for all future rounds. We told Isaiah we would give up a majority of our pro-rata in the Series B round so as to not make his life difficult, to which he responded “You cannot make my life difficult, I can make your life difficult.” It was at this point that we sought representation with Quinn Emanuel to protect the firm and the interests of our limited partners. Day One has since learned of a significant secondary equity sale by Isaiah from which we were excluded. Our attempts to gain insights into this through our information rights have been stymied by Valar management, who have refused to produce material documents requested by Day One. After weeks of delay on these documents, Valar management alerted us this Wednesday that they intend to pursue legal action against Day One unless we waive our legal rights forever. We have always pursued positive and mutually beneficial relationships with all of our portfolio companies. We have neither taken nor threatened legal action against Valar, and in fact we told them explicitly that we have no interest in doing so. Valar voluntarily entered into a contract with Day One, then violated that contract, and is now suing Day One. We are deeply disappointed by this recent erratic turn, but are still proud of our early and continued support of Valar. We look forward to the clarity from the courts that Valar’s management is seeking.