@peteri
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"I da AI doomer" is a perfect anagram for "Dario Amodei" 😂
@elonmusk's assertion that "the most entertaining outcome is the most likely" continues to be proven correct.
“new york makes ordinary work feel important
sf makes important work feel ordinary”
Great observations, and one of the many reasons I love the Bay Area for its substance over style
(though a bit more style wouldn’t hurt 😉)
one of the strangest things about moving from new york to sf was realizing how often extremely important things happen here in settings that don't feel important at all
i lived in new york for four years. i sometimes spent entire days moving icons around in powerpoint, but i was doing it in a skyscraper with great views, surrounded by attractive people in patagonia vests. afterward i'd walk onto a packed street and go to a beautiful restaurant
even when the work itself was mundane, everything around it told you it mattered
sf is almost the opposite
the blue bottle in south park feels like a normal coffee shop. it is also a place where an absurd amount of capital gets allocated
sand hill road is one of the most powerful financial centers in the world and looks like a collection of dentist offices
you'll meet someone dressed like they just rolled out of bed who can't make eye contact and discover later that they control billions of dollars or have built a product you use every day
i've been to parties where almost everyone had raised millions of dollars or built products used by millions of people. in another city, each person would have seemed like a big deal. in sf, they were just standing around a cramped apartment at a "party" that honestly wasn't even that good
i used to live in a closet in a slightly dilapidated hacker house with creaky floors and old furniture. people who lived there went on to create companies worth tens of billions of dollars
new york puts a lot of effort into making importance visible. sf often seems actively uninterested in doing that
some of this is probably because sf is more focused on creation than consumption. some of it is the personality of builders, who often care much more about the thing they're making than the room they're making it in
but i think the lack of polish also lowers the barrier to entry. you don't need to look important before doing something important here
new york makes ordinary work feel important
sf makes important work feel ordinary
It feels like Stripe has the ambition to become the "General Electric" of commerce & AI - a conglomerate of multiple business units all in service of growing economic value.
Big news — @clerkyinc is joining @stripe! 🤝
Startup formation on Clerky is booming and more attorneys than ever before are working with clients on Clerky. As part of Stripe, we're going to lean into this momentum and keep building for high-growth startups and attorneys with the same team and focus that we've always had. We're not going anywhere!
Over the years, like most startup founders, I've heard a lot about Stripe and how they do things. More times than I can count, I've thought "oh, that's how we do it too" or "that makes complete sense". As we've gotten to know the team at Stripe better, it's become even clearer that we think alike in many ways. Equally important, we're both obsessed with making life as easy as possible for startups.
At a personal level, I'm excited for us to join Stripe as well. As a young startup attorney, I remember filing a charter amendment to change the name of a client from "slash dev slash payments" to "Stripe" and kind of preferring the original name ("Stripe" is good too though). And when we started Clerky, @patrickc was incredibly kind and introduced us to investors without even being asked. It's been amazing to watch Stripe grow since then and I could not be happier that it'll be our new home.
Thank you to all the startup founders and attorneys that have trusted us over the years. And thank you to all our employees past and present, our investors, @ycombinator (especially its incredible legal team), @cjoneslevy, @JohnBautista, and countless others who believed in us. So many people helped us along the way, often unbeknownst to us. We've benefited tremendously from the magic of the startup ecosystem and we're honored to keep building for it.
🙏
The @californiapuc mandates access to @PGE4Me usage data, yet the PGE website makes it barely accessible to able-bodied users, and inaccessible to vision-impaired or less technically savvy users. This needs to be fixed.
In their apparent quest to be one of the most user-hostile companies out there, @PGE4Me's website continues its crimes against UX design with the smallest possible iframe for downloading usage data. It's so bad you literally cannot see what you are doing
Peter retweeted
I’ve been a founder, an LP in 30+ VC funds, and now a VC.
Many of the founders who create the biggest outcomes are deeply technical, systems-oriented, and often introverted. They build exceptional products and teams, move incredibly fast, and endure years of uncertainty and grind. Many are not natural salespeople.
The VC persona the market often rewards is different: finance-fluent, polished, exceptional at building relationships with capital allocators, and a marketer at heart. They have to communicate access, judgment, and conviction to LPs long before returns are visible.
LPs want outlier returns, but are accountable for visible mistakes. Missing a great emerging manager is rarely scrutinized; backing a fund that performs badly is. So LPs naturally favour things they can diligence and explain: a known brand, a clear track record, strong references, respected co-investors, and a manager who inspires confidence.
That is the tension in venture: the biggest returns come from backing unusual people early, while most capital naturally follows what already looks safe.
Excellent observation
Venture firms tend to experience network atrophy over time -- GPs literally age out, or call in rich, or lose relevance in other ways.
But, even as this happens, their brand strength can be getting better, because their early winning investments become better known over time.
So perhaps surprisingly, a firm's network can weaken even as its brand improves.
With a strong brand but weaker network, you naturally shift to do later stage investing, as brand helps you access/win but doesn't help you discover day zero founders.
Total nonsense ranking of startup accelerators from TIME, but if a media company's goal is engagement, this is A+ rage bait!
One antidote to hedonic adaptation is intentionally reflecting on all the ordinary things we have today that once were considered impossible miracles.
ordinaryabundance.com/