being a generalist has become even more valuable in the age of infinite intelligence
foundational knowledge that lets you adequately direct and engage with work across way more areas than one
particularly useful for founders and operators
jordan retweeted
SEC just approved binary options tied to company KPIs, like trading volume and revenue.
Markets are moving toward a million ways to express a view on a single company. Expect a lot more new products.
i’m strongly considering moving to new york full time, might be the best place to build a product studio
we're in a new era of private equity
going to see dozens of legacy software businesses be acquired, gutted of staff, automated and run as cash cows for as long as possible
expect to see more deal volume than ever before in history
Today we announced an agreement to acquire Bumble.
Over the past six months, we’ve looked at hundreds of companies, asking which businesses would become more valuable as AI advances.
Bumble stood out.
As intelligence becomes more abundant, we believe connecting with the right person and forming meaningful relationships will become even more precious. And frontier technology can help more people find and build those relationships.
Our purpose at Ithaca is to apply frontier technology to things that matter. We acquire enduring businesses, transform them with technology, and hold for the long term. We focus on businesses not only for their financial potential but their ability to enrich lives.
Whitney and her team have built something extraordinary. Millions of relationships began on Bumble, and we’re honored to help take it into its next era. Together we intend to build the best company in the world for helping people find each other.
Let’s get to work.
