Travis Kalanick on starting over after Uber:
"I acquired CloudKitchens, partnered with a buddy of mine, Diego. There were six people in the company that I acquired."
"You gotta think, the last all-hands I did had 20,000 people. The next all-hands I did had six. And I stood in front just the same, and I'm like, 'Let's go, guys! Let's do this!'"
"These guys, they're like, 'What just happened?' They went to work that morning at a six-person startup, and an hour later, the founder of Uber is now the CEO."
@travisk @bhorowitz @eriktorenberg
everett smith retweeted
Billionaire investor Chamath cuts straight through CNBC's Andrew Ross Sorkin with a raw reality check he doesn't see coming on live TV.
Sorkin was pressing the panel on the "empirical math," arguing the economy looks worse since Biden left office.
Chamath told him straight up to "thank the lucky stars" that under Trump, we have the luxury to debate economic numbers at all, instead of the "19 pronouns" we used to state before our name.
CHAMATH: "I think it's important to take a step back and realize you're making a very specific, numerically grounded comparison about what your opinion of President Trump is."
SORKIN: [Defensive] "It's not my opinion."
CHAMATH: "I'm just saying you can make a numerical comparison. Imagine if we were sitting here and we'd have to first declare 19 pronouns, and we'd have to talk about the DEI. I'm here because I'm a Sri Lankan immigrant that grew up on welfare. I have to tell you my whole sob story. Where we were going was not a place that was oriented around productivity. It was around THEATER!"
SORKIN: "I'm not disagreeing with that."
CHAMATH: "I'm saying you have some valid points about where GDP could be or could not be. You should thank the lucky stars that [numbers] are what we're debating right now."
SORKIN: "And that's a fair argument on that side, too!"
everett smith retweeted
SpaceX's shocking competence:
"Somebody I know once worked for
@SpaceX and they were asked what it was like, and he said, "It's like being dropped into a zone of shocking competence."
Everybody is ultra competent.
And the reason everybody's ultra competent is because if they're not, Elon sniffs it out and fires them.
Elon's talking to the people actually doing the work. At this point having done this for 25 years he can sniff this out really quickly.
The best engineers in the world want to work for him because he's the one CEO who's able to work with them as a peer on whatever the technology is.
What would be better as an engineer than being able to design a rocket with @elonmusk as your engineering partner?"
My conversation with Marc Andreessen (@pmarca), co-founder of @a16z and Netscape.
0:00 Caffeine Heart Scare
0:56 Zero Introspection Mindset
3:24 Psychedelics and Founders
4:54 Motivation Beyond Happiness
7:18 Tech as Progress Engine
10:27 Founders Versus Managers
20:01 HP Intel Founder Legacy
21:32 Why Start the Firm
24:14 Venture Barbell Theory
28:57 JP Morgan Boutique Banking
30:02 Religion Split Wall Street
30:41 Barbell of Banking
31:42 Allen & Company Model
33:16 Planning the VC Firm
33:45 CAA Playbook Lessons
36:49 First Principles vs. Status Quo
39:03 Scaling Venture Capital
40:37 Private Equity and Mad Men
42:52 Valley Shifts to Full Stack
45:59 Meeting Jim Clark
48:53 Founder vs. Manager at SGI
54:20 Recruiting Dinner Story
56:58 Starting the Next Company
57:57 Nintendo Online Gamble
58:33 Building Mosaic Browser
59:45 NSFnet Commercial Ban
1:01:28 Eternal September Shift
1:03:11 Spam and Web Controversy
1:04:49 Mosaic Tech Support Flood
1:07:49 Netscape Business Model
1:09:05 Early Internet Skepticism
1:11:15 Moral Panic Pattern
1:13:08 Bicycle Face Story
1:14:48 Music Panic Examples
1:18:12 Lessons from Jim Clark
1:19:36 Clark Versus Barksdale
1:21:22 Tesla Versus Edison
1:23:00 Edison Digression Setup
1:23:13 AI Forecasting Myths
1:23:43 Edison Phonograph Lesson
1:25:11 Netscape Two Jims
1:29:11 Bottling Innovation
1:31:44 Elon Management Code
1:32:24 IBM Big Gray Cloud
1:37:12 Engineer First Truth
1:38:28 Bottlenecks and Speed
1:42:46 Milli Elon Metric
1:47:20 Starlink Side Project
1:49:10 Closing
Includes paid partnerships.
everett smith retweeted
A new social contract - private ownership for all from birth with @TrumpAccounts. Rather than a wealth tax - “let the wealthy give directly to kids - when they cut out govt middleman & the bloat they are down.” Huge announcements coming. 🇺🇸🚀@AndrewYang @MichaelDell @InvestAmerica24
everett smith retweeted
65,000 Venezuelans flood the streets celebrating freedom.
CBC. Global. CTV. CP24.
Still pretending this isn’t news?
This is why trust is gone.
everett smith retweeted
On the left - Naive far-left protesters outside the US embassy in London, demanding the release of the dictator Nicolás Maduro.
On the right - Actual Venezuelans celebrating the capture of the dictator Nicolás Maduro.
The contrast is both striking and hilarious.
everett smith retweeted
David Sacks @DavidSacks is a throwback to the era of American greatness in which the most capable private sector citizens selflessly volunteered for government service in moments of peril for a dollar a day. He is a credit to our nation, and we need more like him, not fewer. 🇺🇸
everett smith retweeted
Charlie, this is your biggest rally yet. We will never let your voice be silenced. Your legacy will only grow greater and greater.
everett smith retweeted
Replying to @MarcoFoster_
Ben Affleck
F*ck you.
Jennifer Aniston
F*ck you.
Robert De Niro
F*ck you.
Selena Gomez
F*ck you.
Tom Hanks
F*ck you.
Ben Stiller
F*ck you retard.
Meryl Streep
F*ck you.
NONE OF YOU said a word when the Biden administration was literally using George Orwell’s 1984 as a playbook. The left BANNED an American president’s social media accounts!!
If Kamala had won, we’d have a Ministry of Truth by now.
everett smith retweeted
A massive stadium filled with good hearted Canadians in Edmonton say goodbye to Charlie Kirk
The entire stadium lit their phone flashlights up in his honor
The real Canada still exists and this is what we're fighting for
everett smith retweeted
it is vitally important for america that mamdani get elected mayor of NYC. he can help maximally and swiftly tax the rich, stand up govt-run grocery stores, eliminate the police force, freeze rents, and make public transportation free..
it’s unlikely that taxing the rich will cause them to move to other cities (collapsing nyc tax revenue), or that city-run grocery stores will fail to increase fresh vegetable consumption in the inner city, or that elimination of the NYPD will cause a rise in crime and decline in quality of life, or that freezing rents will drive landlords to dump properties (collapsing prices and property tax revenue), or that free public transportation will result in union-led kleptocracy. no way. i’m sure this time socialism will be different…
if Americans don’t want to learn the lessons of socialism’s failures elsewhere, we should aim to learn them here as quickly as possible.
let’s make sure one or two cities and states fall apart fast so the rest don’t have to.. elect mamdani!
after accruing $2 trillion in student loan debt, that they will never be able to pay down, it’s no surprise “the college educated in nyc are supporting mamdani 61-39”. the current system has failed them.
but the truth is, more government may not be the answer when too much government (indiscriminate federal student loans regardless of cost or quality of degree or institution) may have gotten them to this moment.
a gentle reminder, though, that an articulate ignoramus isn’t more correct than his less charismatic/authentic political rival. facts, data, truth still stand above theory, innuendo, and bullshit. socialism won’t work. if we have to re-learn that lesson the hard way, let’s do it fast and elect mamdani.
You Heard It Here First. Friedberg's Most Contrarian Belief for 2025: "A dramatic rise in socialist movements in the US."
According to Polymarket, Democratic Socialist Zohran Mamdani has closed a massive gap on Andrew Cuomo over the past month for the Democratic nomination for NYC Mayor.
Mamdani's chances jumped from ~6% to 55%, while Cuomo fell from 93% to 45%.
On June 23, Mamdani surged ahead of Cuomo after a surprise poll showed him ahead.
This tracks Friedberg's 2025 prediction of a "dramatic rise in socialist movements in the US."
Here was his explanation in early January:
" My contrarian belief is that we'll see a rise, a dramatic rise, in socialist movements in 2025 in the United States."
"And I think that some industries and some companies are going to be huge winners and some companies are going to be huge losers."
"There's gonna be some parts of the economy that are gonna be big winners and some parts of the economy that are gonna be big losers."
"When you have this sort of a change this fast, there are often large contingents of people that are left behind."
"And when that happens, I do think that the socialist policies and the socialist movements gain steam."
everett smith retweeted
Come on, how can you not love this president, at least just a little?? 😂
Readers added context they thought people might want to know
Donald Trump did not post this on any platform. This is fake.
truthsocial.com/@realDonaldTru…
everett smith retweeted
In summary, as can be gleaned by the responses to my post:
xitter.cf/BillAckman/status/1934…
those opposed to America assisting Israel in destroying Iran’s nuclear reactors make the following arguments:
“It’s not our problem. We shouldn’t put U.S. lives at risk for Israel’s war. It risks dragging us into another war like the Great War on Terror. It is a waste of taxpayer money. And one shouldn’t take Bill’s advice because he is Jewish and supports Israel.”
In response to the above, I thought it would be helpful to make a purely America First argument for our assisting Israel in destroying Iran’s nuclear capability.
Iran’s Principal Target is the United States as the ‘Great Satan’
Iran has made it entirely clear that Israel is not their only target. The Iranian leadership has for decades continually called not only for “Death to Israel,” but also for “Death to America” as the “Great Satan.” Iranian sponsorship of terror in the U.S. and its continued progress in its ballistic missile program create serious, longer-term threats to our safety and security at home and abroad.
Low Energy Costs are Threatened by a Nuclear Capable Iran
Putting aside the direct risks to our homeland, a nuclear Iran would threaten global energy production and increase energy costs in America with Iran’s ability to strike Saudi Arabia, Qatar, and the other Gulf states, and its ability to control and interfere with shipping in the Middle East. So even if you don’t care about Israel and you only care about the price of gas at the pump, you don’t want Iran to have the nuke.
Iran Denuded of Its Nuclear Threat Sets up the Potential for a More Peaceful Middle East and Reduces Risks to Civilians
A denuclearized Iran and the destruction of the IRGC leadership, which is well underway as I write this post, create the potential for a much more peaceful Middle East as Iran has been the largest sponsor of terror in the Middle East with its funding of Hamas, Hezbollah, and the Houthis.
For example, without Iran’s support, Hamas would not have been emboldened to invade Israel on October 7th, and Israel would not have been forced to respond to extirpate Hamas, with the collateral damage to civilians created by a terrorist group embedded in tunnels under schools, hospitals, and homes.
By limiting the funding for and terrorist acts of Hamas and other Iranian proxies, you also minimize the risk to civilians of the inevitable responses to these terrorist acts.
Iran’s Proxies in the Region Have Caused Shipping Costs and Global Risk Premiums to Rise
The Houthis have attacked more than 100 ships as well as our bases in Iraq and Syria, killing sailors and harming our military personnel while massively disrupting trade. The result has been substantially increased shipping costs, which are ultimately borne by U.S. businesses and consumers.
Our military and navy have recently responded to these attacks at considerable economic cost to our country and risk to our military. Eliminating Iran’s nuclear threat and the IRGC’s funding of the Houthis will dramatically reduce these costs and risks.
Massive Peace Dividends for the United States (and the World) Will Emerge Without the Iranian Threat
Reducing the funding for Iran’s proxies in the region creates the potential for further progress with the Abraham Accords, setting up the region for greater economic progress and peace. A more peaceful Middle East will become an even greater contributor to the global economy and a massive source of business for U.S. companies and their employees as Saudi, Qatar, and the other Gulf States modernize and diversify their economies, a peace dividend that the U.S. is uniquely positioned to cash.
The Risk and Cost to the U.S. Assisting Israel in Destroying Iran’s Nuclear Capability is Limited Once Israel is Nearly Finished with the Job
Over the last three days, Israel has made remarkable progress in eliminating Iran’s air defenses, destroying IRGC leadership, nuclear scientists and police leadership, and beginning to degrade Iran’s nuclear capability. Iran will soon be largely defenseless, certainly from the air. Unfortunately, however, Israel will only be able to delay Iran’s nuclear capability and not destroy it without our assistance, in particular, without our bombers and massive ordinance penetration bombs.
President @realDonaldTrump has made clear as recently as yesterday that he cannot allow Iran to have a nuclear weapon:
"For those people who say they want peace -- you can't have peace if Iran has a nuclear weapon. So for all of those wonderful people who don't want to do anything about Iran having a nuclear weapon -- that's not peace."
To complete the mission, our military and our assets are needed to destroy Iran’s nuclear assets. Doing so does not require troops on the ground. It can be accomplished from the air in a few days at relatively low cost.
Importantly, there is no real risk of “being dragged into a long war” as our role here is simply a short-term tactical participation in Israel’s battle. In fact, if we were able to lend these assets to Israel, and the IAF were sufficiently trained to use them, the Israelis could do it themselves.
There is also no real risk that our assistance here causes Iran to become a bigger threat to the U.S. The opposite is the case. The IRGC and its leadership already consider us their most important enemy. We are already assisting Israel by defending them from Iranian missiles and drones with U.S. aircraft, naval warships, and personnel, and by sharing intelligence.
Furthermore, Israel is clearly in process on achieving regime change in Iran in response to the IRGC targeting Israeli civilians in Tel Aviv, Jerusalem, Haifa etc. rather than military targets. I would surmise, therefore, that the IRGC is not likely to be in power in Iran for much longer. An obvious tell is that the IRGC and their families have been leaving the country on private planes over the last two days.
A denuclearized Iran with new leadership is much lower risk to the United States than the current regime with its continued aspirations to achieve nuclear capability and destroy America.
In short, you don’t need to care about Israel to conclude that using a limited amount of U.S. military assets for a few days to eliminate Iran’s ability to become a nuclear power makes sense.
Doing so greatly improves our security and our economy while reducing inflation risk, and increases American jobs at home and abroad. It also greatly reduces risks to our soldiers stationed in the Middle East and to our shipping resources operating in the region. Importantly, our intervention now can be achieved at low risk and limited cost, and executed in a matter of days once Israel is done setting the table.
I welcome any arguments to the contrary as I have yet to find a compelling one.
The parade was great. Our military is incredible. And now @Israel needs our help to destroy Iran’s nuclear threat to the world.
Israel’s military and air force have sufficiently degraded Iran’s defenses such that this is now the lowest-risk, highest-probability moment to take out Iran’s nuclear capability, a grave threat to us all.
We should not let this opportunity pass, but Israel does not have the equipment and armaments to complete the job. We do, and it does not require boots on the ground.
The war Israel has been fighting has been on behalf of all of us. Let’s help them finish the job.
everett smith retweeted
"When Conservatives didn't agree with Bud Light we just stopped buying their beer."
"When Democrats disagree with Tesla, they turn into ISIS."
We are not the same.
🔥🔥🔥 @elonmusk


























