building technology & supporting entrepreneurs

Miami, FL
Joined November 2009
Raaid Hossain (¤, ¤) retweeted
Kraken co-CEO Arjun Sethi calls going public in the US the slowest piece of financial plumbing left "Going public in the United States is expensive. It is the slowest piece of financial plumbing left." "I'm living it, and so are my portfolio companies." "What I've seen up close from the founder side, sitting on the boards of companies and investing in them is time. The process is measured in quarters and years, not weeks." "Audits, controls, filings, every number defined and then redefined and then restructured. Every metric then is argued over with people who have never run your business in any capacity." "Frankly, they learn more on your dime than they can give you advice for."
Bitcoin Changed Money. What's Coming Next Could Change Everything | @arjunsethi 00:00 Kraken's Endgame: From Exchange to Global Financial Platform 08:25 Why Kraken Is Buying a Bank in Europe 12:04 What the Future of Your Financial Account Could Look Like 16:34 When Will the U.S. Catch Up? 19:49 Giving Everyone Access to Wealthy-People Financial Tools 24:40 Tokenized Stocks and the Future of Investing 28:49 TradFi Tokenization vs. Open Financial Rails 32:07 From Tokenized Wrappers to Native Stock Issuance 36:09 Taking Private Companies Public Onchain 40:28 Why the Traditional IPO Process Is Broken 44:26 Why Companies Push Back on Tokenized Stocks 47:34 Why Bitcoin Is the Most Important Asset of His Lifetime 52:07 Self-Custody, Hardware Wallets and the Future of Bitcoin Security 56:16 Final Thoughts
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Raaid Hossain (¤, ¤) retweeted
BREAKING: Tesla's Roadster flips off a ramp and hovers back to the ground. "Flying cars are real."
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Raaid Hossain (¤, ¤) retweeted
somehow the corposlops refused to use my video
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Raaid Hossain (¤, ¤) retweeted
I have said this before. This is 2021 on steroids. Yes, amazing companies are being built, faster than ever. But 99% are not and venture has never been less disciplined. This will not end well for most.
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Raaid Hossain (¤, ¤) retweeted
The World is Changing: AI For Creativity By Jeffrey Katzenberg A few months ago, I sat in my office in Silicon Valley and watched as a tech founder showed me something extraordinary. On the screen was a fully realized, beautifully lit, well-composed animated scene. It was stunning and it made me feel exactly what I felt in 1986 watching Luxo Jr. That was the first time I watched a computer-animated 3D character take a breath and seem, against all reason, to have life. It left me in awe. Later that day, I received a text from an artist I've known for thirty years, 350 miles to the south, in the city where I spent most of my career. After seeing a similar video, she texted: "Is this the end of us?" My answer was, "Certainly not.” I have spent the better part of the last decade in Silicon Valley, but the heart of my career has been in Hollywood. Being deeply connected to both worlds means I have deep loyalties to each and a responsibility to speak honestly to both. In 2023, I said that these new AI tools would cut the time and cost of producing world-class animation by as much as ninety percent within three years. Some colleagues were alarmed, many were furious. There is growing fear and resistance surrounding AI within the creative community. I deeply understand it, because I've spent countless hours walking through animation studios watching gifted artists bent over their desks, rebuilding a single second of film for the tenth time because the ninth version wasn't quite right. I've sat in screening rooms where four years of people's labor played out in minutes, and I knew the name of every person that had spent countless hours bringing those images to life. The creative process is a calling, there's really no other way to describe it. From the outside some see resistance. From the inside, it is love. People do not fight this hard for things they don't care about. The pushback coming out of Hollywood represents the collective effort of people who are deeply passionate about their craft. Is History Repeating Itself? The history here is more complicated than either side may realize. In 1906, the most famous composer in America, John Philip Sousa, published an essay titled “The Menace of Mechanical Music." He warned that the phonograph would become "a substitute for human skill, intelligence and soul." Sousa's fight was not really about the machine, it was about money. The machines were playing his compositions, and the men who built them weren't paying him a cent. His campaign helped create the Copyright Act of 1909. He did not stop the technology. He changed the terms under which it could use his work. A hundred years ago, sound came to the movies. We remember it now as a miracle, and it was. What we forget is who paid for it. Before sound, tens of thousands of musicians made their living in the orchestra pits of movie houses, scoring every film live, every night, in towns all over the world. When the soundtrack arrived, the work of one composer and one orchestra was recorded for a film that went into thousands of theaters. The union fought back with everything it had, taking out newspaper ads across the country warning against the menace of "canned music," one of them showing a mechanical man tearing the strings out of a harp while an angel wept. They were not fools, and they were not Luddites. They were right. Those pit jobs did not come back. And yet (this is the part we have to be brave enough to admit), sound gave us the movie musical, the modern score, sfx, sound design, audio engineering, and an art form vastly larger than the one it disrupted. And it helped keep Hollywood in the forefront of world entertainment for the rest of the century and into the next. The loss was real. And yet the art form expanded. This is a story that has been told over and over again. To resist technology is to risk irrelevance. Just look at Kodak or Blockbuster. To embrace technology is to open doors of new possibility. Just consider Apple and Netflix. What I Learned From Walt Disney In the mid-1980s, I was tapped to lead Disney's animation division at a moment when the studio was at an inflection point. Animation wasn't just another business unit. It was the soul of the company, a medium revered because of Walt's genius and his passion. But the production system was cumbersome and unforgiving. A single movie was 125,000 individual hand-drawn and painted cels, photographed one frame at a time. Every revision carried a cost measured in months. These degrees of difficulty shaped the kinds of stories we could tell. We found our way forward in an unexpected place: Walt himself. The Disney archives held astonishing recordings of Walt explaining his creative process. His own writings. His notes and storyboards. Work product captured at every stage of his process. This was truly a gift. Listening, reading, sitting with the work itself, we heard him talk about character, about emotion, about how an audience feels when a character truly comes alive. He talked about making bold choices and refining a scene until it genuinely moved people. We didn't hear a word about pencils or paintbrushes. In fact, Walt was famous for being a technologist, forever hunting for state-of-the-art tools, often inventing them himself to achieve the images he saw in his head. But he never defined animation by the tools. He defined it by whether the audience believed the character. His principles were timeless. The tools were not. That realization changed everything. We co-developed the Computer Animation Production System (CAPS) with a young Northern California company called Pixar, replacing hand-painted cels with CGI. In The Little Mermaid, the final scene shimmered with a dimensionality and light that the old process simply couldn't achieve. In Beauty and the Beast, the ballroom sequence moved with a cinematic sweep that placed the audience inside the emotion of the moment. In Aladdin, the Cave of Wonders felt vast and alive, and the Magic Carpet became an intricate, compelling character all its own. In The Lion King, the stampede carried a scale and intensity that raised the emotional stakes beyond anything we'd done before. Technology didn't diminish the craft, it expanded the canvas. It gave artists more room to create. A decade later, the canvas expanded again. When Disney released Pixar's Toy Story, it wasn't simply a technical milestone. It was proof that a fully computer-animated film could carry real emotional weight, that it could make audiences laugh, cry, and believe. At DreamWorks, we made the difficult decision to sunset hand-drawn animation and become a fully computer-animated studio. It was the right thing to do, but it was not without pain. It cost talented people their place in an industry where they had worked their whole lives. Some made the leap to the new tools and did the finest work of their careers. Some never did. Tools are never the point. The instruments change with every generation. What endures is taste and imagination. The magical ability to make an audience feel. One of the greatest storytellers of our generation, George Lucas, succinctly captured the eternal essence of this issue: “It’s not the how, it’s the why.” A Distinction With a Difference I asked one of the leading AI models a question that has been challenging me for months. What is the difference between reasoning and creating? Its answer changed how I think about almost everything happening in this industry. It said . . . Reasoning and creating are two distinct cognitive modes, though they also work together. Reasoning is fundamentally evaluative and analytical. It operates on what already exists: facts, premises, evidence. It moves toward a conclusion that was in a sense already implied by the input. Reasoning is constrained by logic and truth. Its goal is to arrive somewhere correct, not to invent somewhere new. Creating is fundamentally generative. It produces something that didn't exist before. And crucially, there's no single right answer waiting to be found. A blank page has infinite valid responses. Creation involves choices that can't be fully justified by logic alone. Taste, intuition and vision fill the gap where deduction runs out. Reasoning is what Silicon Valley has been perfecting. Creating is what Hollywood has been practicing for more than a century. AI today operates almost entirely on the reasoning side of the line. It can deduce, evaluate, optimize, and pattern-match brilliantly. And while it can create, there is a real distinction to being creative. What it doesn’t yet have is those things that make us human: empathy, devotion, serendipity, the kind of creativity that comes from a person trying to say something only they could say. When the bot generates a piece of art, it is not trying to communicate anything. It is statistics, not soul; it is emulating things that have been done. By contrast, human creativity isn’t about repeating patterns of zeros and ones; it is about doing something new. One day, AI may close this gap. Three years ago, the leaders building AI would have called what they are achieving today, improbable, if not impossible. Impossible is no longer improbable. Today, the line between reasoning and creating is real. Even the leading technologists acknowledge we are not there yet. There is no scientific path to crossing this divide that anyone in the field can articulate today. Understanding that gap is where we will find common ground. A Path Forward In 2016, I closed one chapter in Hollywood with the sale of DreamWorks and opened another in Northern California, co-founding WndrCo. We’ve backed more than 50 founders building the next generation of technology and watched how breakthroughs in Silicon Valley emerge, first as experiments, then as platforms, and finally as infrastructure that reshapes entire industries. It's worth remembering that the last great revolution in animation also came from the north. Pixar was a Northern California company, forged not in the conventions of the Hollywood studio system, but in the technological breakthroughs of Silicon Valley. I've spent years on both sides of this bridge. For sure, I don’t have all the answers (take Quibi, for one!). But, from my past and present vantage points of my long career, here is what I see . . . Brilliant people in Northern California building this technology have made something extraordinary. They have earned the right for the rest of us to be, if not believers, at least optimistic that what comes next will be remarkable. But they have not made an artist. The tools are powerful, but they are not what makes a story matter. That knowledge lives 350 miles to the south, inside people whose life's work has informed the very models you are building. The right path forward includes them by design, with credit, with consent, and with compensation. Build this with the storytellers. Not on top of them. Taste is not something that can be synthesized, it is uniquely human. At the same time, Hollywood needs to accept that AI is not going away. The energy they are spending trying to make it disappear is energy they are not spending deciding the terms on which it will exist. And the terms are everything. The north needs something from it that they cannot build and cannot buy: creativity. The kind that takes a blank page and conjures a single right answer where there was none and has held audiences for a century. Without it, the most powerful reasoning engine ever invented will still be missing the only thing that makes a story worth telling. The artists who learn to wield these new instruments will do things the engineers never dreamed of. They always have. Edison invented the motion picture but made terrible movies. It took Chaplin, Lloyd, Keaton and so many others to make movies emotional. Now, the canvas is about to expand yet again. We should decide now that we intend to paint on it. There are so many valuable lessons in history. This has happened many times before, and it was never settled by the technology. It was settled by the terms. Sousa did not stop the phonograph; he helped write the law that made sure composers got paid. And two years ago, when the writers and the actors walked out, they were fighting for the very things Sousa was fighting for in 1906. Consent, compensation, the basic recognition that human creative work has a price that must be paid. The terms of that fight are still being negotiated, but the principle is older than any of us. The tools-versus-no-tools argument is a trap. First, we must all agree that there should be terms. Then we can have the crucial debate about what fairness requires. What I Learned From Steve Jobs Years ago, Steve Jobs said, "It's in Apple's DNA that technology alone is not enough. It's technology married with the liberal arts, married with the humanities, that yields us the result that makes our hearts sing." He was describing a device. But he could just as easily have been describing this tale of two cities. What I See Coming Soon As the barriers and the costs come down, more films will get made, not fewer. Studios will get to take more risks. There will be more seats at the table, and very soon entirely new forms of storytelling. In the 1980s, animation was dismissed as a niche corner of the business. Today it is one of the most beloved and profitable forms of storytelling in the world. In live action, filmmakers like Steven Spielberg, James Cameron and Peter Jackson embraced new visual tools not as shortcuts, but as instruments, and expanded cinema in the process. Every time storytelling has met a genuine technological shift, from synchronized sound to color to computer animation, it has redefined the boundaries of the medium and grown larger in the process. Assuredly, I don’t have all the answers, but I am confident that the creative opportunities will expand yet again. How we come through this is a choice. The north has the new tools. The south has the creative soul. The best future will draw on the best of both worlds.
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Raaid Hossain (¤, ¤) retweeted
The better the harness, the better the business. Berkeley published a study this week showing harnesses, the systems that control AI agents, set the price of an answer. The right harness cuts the cost of the same result by 71% without a loss of accuracy.
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Raaid Hossain (¤, ¤) retweeted
kraken bringing hyperliquid into the US legally right at beginning of the bull is a huge win for crypto we've operated at the regulatory edges for so long, finally making strides into integrating the cryptoeconomy into the rest of the US financial system one of the top tech stories of the next decade alongside AI will be how stablecoins & tokenization enabled by blockchain rails strengthened the dominance of the dollar across the globe
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Raaid Hossain (¤, ¤) retweeted
JENSEN HUANG: “We don't welcome political discourse inside our company. Take it home … We're bipartisan. We want America to succeed … The discourse about race and religion and politics and all of that stuff, we tell people do it outside the company. It's not for us.”
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Raaid Hossain (¤, ¤) retweeted
Payward 🤝 @HyperliquidX We're building permissioned Hyperliquid HIP-3* markets for US clients.
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One day, perhaps.
Your mistakes don't define you. Give yourself a little grace - these modern standards allow for no room for error - Come on !!!!!! We need to give ourselves a little break on every little fucking thing - stop 🛑 beating yourself up
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Raaid Hossain (¤, ¤) retweeted
while clarity may not have clarity @krakenfx parent @Payward will announce some clarity tomorrow. get your 🍿 ready..
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Raaid Hossain (¤, ¤) retweeted
Most AI starts every morning from zero. Yours will not. The Run BiOS Conscious Loop takes what your team did today, learns from it tonight and serves a better version of your model tomorrow. Then it does it again. And again. The model that serves you next month has not been built yet. Your team is building it right now, just by working. runbios.ai/conscious-loop/
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Raaid Hossain (¤, ¤) retweeted
Chamath Palihapitiya argues Nike got fat, woke, and lost the north star that made it great: athletic mastery and excellence. Nike stock has collapsed 78% from its 2021 peak. @chamath says Nike used to sell aspiration: Michael Jordan. Tiger Woods. Serena Williams. Mastery. Excellence. Greatness. “I don’t aspire to be a fat person. I aspire to be Michael Jordan.” So true lol
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Raaid Hossain (¤, ¤) retweeted
Dario has written that we need to “pace the frontier,” and Sam has agreed. People may be surprised by my response: go ahead. You guys are the frontier. By any reasonable metric — market share, revenue growth, model capability — the two of you have a duopoly on frontier intelligence. You’ve also claimed the lead is widening because of recursive self-improvement. I don’t see what you see in the lab. If the unreleased models are scary enough that you think you should slow down, I support your decision to be responsible. But stop pretending you need anyone else’s permission. Stop pretending antitrust law has to be suspended so you can form a cartel. Stop pretending you need a regulatory approval process that supersedes product liability. Stop pretending METR is independent when it is intertwined with Anthropic’s investors and staff. Stop pretending you need those same evaluators to police competitors who aren’t even at the frontier. Most of all, stop pretending the motivation to slow down is purely altruistic. You face massive product-liability exposure if your products enable a truly damaging cyberattack. The market already punishes models that behave in unpredictable or unauthorized ways. After the Hugging Face episode, it is simply good business for OpenAI and Anthropic to trade some raw power for reliability and predictability. Call it alignment if you want. It is also just giving customers what they want. Pacing the frontier would also create breathing room for a more intelligent conversation about regulation than Bernie Sanders’ “shut it all down.” China is very unlikely to join a global agreement, as you know, and that has to be taken into account as well. So go ahead and pace the frontier. You are the ones setting it. The easiest way not to build superintelligence is for you to agree not to build it. Demanding your preferred regulatory framework as the price of that will look like blackmail of the public and the political system. So just do it. If you do, you’ll buy goodwill for the next conversation. If you don’t, we’ll know this was just another bid for regulatory capture — or an election-season psyop.
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Raaid Hossain (¤, ¤) retweeted
We have no model companies. We have no data centres ready. We have energy 4x the price of anyone else. We let clowns rule our country. Time for a change Britain. Stop being so arrogant. Be a student. Learn from the US and China.
BREAKING: 40 British MPs have signed a letter to Prime Minister Andy Burnham calling for a ban on the development of superintelligent AI.
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Raaid Hossain (¤, ¤) retweeted
DeepSeek V4.1 Flash is live on RunBiOS — Day 0. 1M context · 384K output · vision · tool calling · prompt caching at $0.08/M Input $0.40/M · Output $1.60/M. Agentic and coding runs resend context every step, and cached input costs 80% less. Get 50% extra credit on your wallet recharge — Limited Time Offer Try it on RunBiOS today: runbios.ai/models/deepseek-v…
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Raaid Hossain (¤, ¤) retweeted
Nasdaq Ventures is investing $100M in Payward as we advance tokenization together with the @Nasdaq Equity Token (NET) framework. Equities on-chain only works if it's built to institutional standard from day one. We're building it with the company that's run public market infrastructure for decades. → payward.com/press-release/pa…
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Raaid Hossain (¤, ¤) retweeted
Ten years before Satoshi published the Bitcoin whitepaper, a Chinese-American cryptographer wrote a short essay describing an anonymous, distributed electronic cash system. His name is Wei Dai. The system is called b-money. The year was 1998. b-money never shipped. The protocol was theoretical. The system needed a way to enforce its own rules without a trusted referee, and Wei Dai didn't have a solution to the double-spend problem. Satoshi did. Months before the whitepaper went out, Satoshi emailed Wei Dai directly. The note included a line Bitcoiners now know by heart: "I'm getting ready to release a paper that expands on your ideas into a complete working system." Wei Dai responded. The whitepaper cited him as reference one. Sovereignty is a stack and Bitcoin is the money layer. b-money was the draft. The Satoshi didn't write Bitcoin in a vacuum. He wrote it in a conversation that started a decade earlier and never stopped. Every line of code that lets you hold your own keys today was preceded by ten years of people trying to solve a problem the state preferred you not solve. Reference one in the whitepaper is still reference one in the protocol. $b-money
Some ideas never make it to market, but they change the world anyway. The digital ghost in the machine that started it all. Never launched, never forgotten. $b-money
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lol in case anyone cares this is probably the real list: 1. yc 2. hf0 3. spc 4. conviction embed 5. a16z speedrun 6. neo 7. ef 8. pearx 9. seedcamp 10. 500 / antler / techstars
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