Always having fun. Tap Dancing to everywhere

Bengaluru South, India
Joined May 2014
Equal Opportunities create unequal outcomes. Unequal opportunities create equal outcomes!
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Anthropic’s leaked S-1 reveals two staggering things: top-line growth that is breaking historical records and a mind-numbing Net Dollar Retention (NDR) of 900%. Enterprise demand for frontier models is essentially vertical. But valuing AI labs through a traditional tech lens ($6.15M revenue per employee) obscures the actual economics. Frontier AI is heavy industry. When we look at the total physical spend required to produce that revenue (CapEx + Cost of Production/COGS), AI aligns structurally with energy and semiconductors. Look at the Capital Efficiency (Rev per $1 of Physical Spend)
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The Core Question With a 900% NDR, the demand curve is proven. But the structural question remains: is there a physical and economic ceiling to this model? Unlike traditional software, where distributing an extra copy costs virtually zero, serving this massive AI demand requires scaling physical supply chains (GPU clusters, power contracts, cooling infrastructure). Anthropic is already operating at a capital efficiency comparable to ExxonMobil and TSMC.
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Opposite of @elonmusk is Musk M Elon @Jailer2Film insaneeeeee
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Ageing well :)
AI as Technology > AI as a business > AI as an investment Disclaimer: Context and Duration
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Susmit Patodia retweeted
🚀 Happening Tomorrow at SamvAAd 2026! Fit for Purpose: Reimagining Income & Suitability Assessment for Responsible Finance How can trusted financial data enable more accurate income assessments and responsible financial decisions? Join industry leaders as they explore how Account Aggregator-enabled data sharing can help financial institutions better understand customers, assess affordability and suitability, and deliver financial solutions tailored to their needs. 📅 15 October 2026 📍 Grand Hyatt, Mumbai ⏳ Just 1 day to go! Be part of the conversations shaping a more inclusive and responsible financial ecosystem. 🎟️ Register Now: samvaad.sahamati.org.in/#reg… @AnumatiForData | @SusmitPat | @Bajaj_Finance | @ICICILombard #SamvAAd2026 #OpenFinance #ResponsibleFinance #AccountAggregator #Sahamati
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If it’s “easier” to make money, then will we make “lesser” of it? Indian markets are the least volatile among all EMs. This makes it easier to stay the course for most investors. But would this mean lower reward?
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Getting rich and staying rich are two extremely different skills. If you look at the course of history, a lot of people who are very good at getting rich do not have the ability to stay rich. They are people taking outsized risks, underestimating the value of advice and overestimating their ability to manage their jobs, their family, their life and their money. There is no better representation of this than people who hold RSUs or ESOPs of their companies. Through unparalleled execution and hard work, they’ve created value for their company and have been rewarded with equity. Now it makes up a significant portion of their net worth and consequently a concentrated bet. That’s why we’re doing a live session on RSUs, ESOPs, ESPPs and SARs, and how to manage them alongside your portfolio. This is for you if: - Your company stock has become your biggest holding - Your shares keep vesting and you don’t have a plan - You’re thinking about a liquidity event, changing jobs, or moving abroad You'll walk out knowing: - Exactly how concentrated you are in your own company's stock - Where your personal limit should be, based on your goals, not someone else's rule of thumb - How to bring that stock into the rest of your portfolio instead of managing it on the side Saturday, 29 August · 11:00 AM IST · 60 minutes, plus live Q&A Link to register: luma.com/dezerv-97h4?utm_sou…
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Pessimists are more liked than Optimists! It feels like they are on your side and not selling you something
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AI as Technology > AI as a business > AI as an investment Disclaimer: Context and Duration
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When the world starts to love in harmony!
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If @nandiniv is praising a book, then it is an instant re-tweet :) Join in everyone
Considering a lot of folks who work in startups follow me here, @sandeepjethwani is holding an AMA on ESOPs on a webinar this Sat. Sign up! It is rare that someone talks from an employee's pov: zoom.us/webinar/register/871…
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This amazing chart from @coatuemgmt - Picture is indeed worth a thousand words
Someone’s Capex is someone else’s current Revenues and Earnings. Capex is typically finite and then the revenue and earnings for the counterparty will start to decline Hyper scalers and Mag 7 capes feeding into the 100 USD Bn + profit numbers of Samsung etc. Buy cyclicals and capex reliant companies when Price to Book is low and Price to Earnings is high, not the other way round The PEAK OIL THEORY of 2007 lead to similar explosion of profits and market cap representation that we are today seeing with SEMIs and everything else AI.
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Someone’s Capex is someone else’s current Revenues and Earnings. Capex is typically finite and then the revenue and earnings for the counterparty will start to decline Hyper scalers and Mag 7 capes feeding into the 100 USD Bn + profit numbers of Samsung etc. Buy cyclicals and capex reliant companies when Price to Book is low and Price to Earnings is high, not the other way round The PEAK OIL THEORY of 2007 lead to similar explosion of profits and market cap representation that we are today seeing with SEMIs and everything else AI.
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Susmit Patodia retweeted
Join us for a Fire-side Chat on “𝐁𝐫𝐞𝐚𝐤𝐢𝐧𝐠 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐱𝐢𝐭𝐲 : 𝐇𝐨𝐰 𝐒𝐦𝐚𝐫𝐭 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐒𝐡𝐨𝐮𝐥𝐝 𝐀𝐩𝐩𝐫𝐨𝐚𝐜𝐡 𝐅𝐮𝐧𝐝 𝐒𝐞𝐥𝐞𝐜𝐭𝐢𝐨𝐧” at the 𝐁𝐞𝐧𝐠𝐚𝐥𝐮𝐫𝐮 𝐏𝐌𝐒& 𝐀𝐈𝐅 𝐂𝐨𝐧𝐜𝐥𝐚𝐯𝐞 𝟐𝟎𝟐𝟔. 𝐃𝐚𝐭𝐞: 09 May, 2026 𝐒𝐞𝐬𝐬𝐢𝐨𝐧 𝐓𝐢𝐦𝐞: 01:05 PM – 01:30 PM 𝐕𝐞𝐧𝐮𝐞: Taj MG Road, Bengaluru 𝐒𝐩𝐞𝐚𝐤𝐞𝐫𝐬: 𝐌𝐫. 𝐒𝐚𝐧𝐝𝐞𝐞𝐩 𝐉𝐞𝐭𝐡𝐰𝐚𝐧𝐢, Co-Founder, 𝐃𝐞𝐳𝐞𝐫𝐯 𝐌𝐫. 𝐒𝐮𝐬𝐦𝐢𝐭 𝐏𝐚𝐭𝐨𝐝𝐢𝐚, Group Head of Business & New Initiatives, 𝐃𝐞𝐳𝐞𝐫𝐯 𝐌𝐨𝐝𝐞𝐫𝐚𝐭𝐨𝐫: 𝐌𝐫. 𝐑 𝐏𝐚𝐥𝐥𝐚𝐯𝐚𝐫𝐚𝐣𝐚𝐧, Founder - Director, 𝐏𝐌𝐒 𝐁𝐚𝐳𝐚𝐚𝐫 𝐀𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐒𝐞𝐬𝐬𝐢𝐨𝐧: Fund selection today looks simple on the surface, but as you go deeper, the number of choices, data points, and market noise make it increasingly complex. This fireside chat focuses on making fund selection more informed, more disciplined, and ultimately more effective. Hurry! Seats are closing tomorrow! 𝐁𝐨𝐨𝐤 𝐍𝐨𝐰: pmsbazaar.com/Events/Conclav… Don’t miss this insightful session and meaningful networking opportunity. #Conclave2026 #bengaluruevents #pms #aif #pmsbazaar
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Cheap is more important than outcome :)
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I have been a firm believer that civic sense of a society has a positive correlation to economic growth. The issue is that it moves at a glacial speed but when it shows up, it’s BIG Voter turnouts in West Bengal and TN are a great marker in this journey
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This is not going to end well Two headlines 1. Taiwan Market Cap now greater UK’s. Taiwan GDP is a quarter of UK! 2. Trader leverage at 25 year high with USD 13 Bn TSMC market cap is USD 2 Tn, total Taiwan at USD 4 Tn
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The Meg Ryan and Cage picturisation made the song immortal.
Happy 28th birthday to “Iris” !!!! Thank you for making this song your own ❤️
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The concept of Base Rate is probably one of the most under-rated wealth creation hacks in the world @mjmauboussin
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This hit too close and is too real. For Alam One of our dearest seniors from IIM B left us and the notice is never enough. Every such passing leaves us sad and importantly raises - Have we done enough for the ones we leave behind Our small effort in raising awareness for all our friends. A multi-part series. Register here - luma.com/89seqi9z
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