Spotted this Tesla cyber cab at Home Depot yesterday.

Jobs # 1, 2, and 3 for any PM are risk management. The peak to trough decline in the NASDAQ over the last 40 days was about 12%. Anyone so concentrated in the momo names down 50% plus had no business operating with any leverage. Anyone allocating to him has no one to blame but themselves.

Martingale men rarely survive Minsky moments.

Would the match have more action if someone told the players that they were competing for third place?

Congrats to Tom Cruise for keeping up his Duolingo streak.

Have England and France hired defensive coordinators from the former PAC-12?

Their finest hour.

Billy Joel voice: Bombs over Tehran, Minion on screens, Belgians in Seattle WE DIDN’T START THE FIRE!

Best defense since Dunkirk.

That man will never be able to return to Portugal.

Great quarter, guys.

We collectively need to have more gatherings/special occasions for close friends in between weddings and funerals — milestone birthdays, whatever.

A portco just got a term sheet with 4X participating preferred! This startup is growing nicely, has plenty of cash, and is not in distress. Offering them a TS like this immediately causes us to tell all founders we know to stay away from these guys forever.

At Sofi Stadium (sue me, FIFA). The Bosnian fans brought a flag with an AK-47 on it.

Generic FIFA stadiums should be matched with generic sponsors. So next World Cup can be brought to you by: Large Number Search Engine Northwest Arkansas Mega Mart Cupertino Computer Company

Hope you didn’t park your car on the street anywhere near New York tonight.

I just attended a dinner of 20+ VCs. We were all asked our opinion of SpaceX. Everyone said buy, buy for a pop, or hold. Except me. I said sell it short till it’s down 90%. The reevaluate. We will see who was right.

I’m glad that the idiot who used to get in fistfights with my brother in the 1990s will now leave the scene. But I have no idea who I will vote for to lead my city in November.

The largest public companies are going to have cap tables that look like junior Canadian miners and I'm here for it.

Berkshire PIPE recipient, 2008: "My balance sheet is sound." Berkshire PIPE recipient, 2026: "My depreciation schedule is reasonable."

I've got one word for you.

We should have known all along. The order of operations for this year's trillion dollar IPOs will be based on company quality. The first: the dumpster fire trying to jump the line The second: A great company The third: The real prize

No politician this century will have as much fun as the next governor of California. The state is about to experience a tsunami of revenue from the current crop of IPOs. There will be funding for every project, every priority, and every constituency.

Dan Quayle: I have as much experience as Grogu did when he first wielded the Force. Lloyd Bentsen: Senator, I served with Grogu. I knew Grogu. Grogu was a friend of mine. Senator, you're no Grogu.

Alex Rubalcava@alexrubalcava.bsky.social · 3mo ago

James Cameron: Grogu is a technical challenge. Small, green, mostly ears. Interviewer: But worth it? Cameron: I spent $400 million teaching him to swim. He levitated out of the tank.

James Cameron: Grogu is a technical challenge. Small, green, mostly ears. Interviewer: But worth it? Cameron: I spent $400 million teaching him to swim. He levitated out of the tank.

Bob M@rsmjr.bsky.social · 3mo ago

David Lynch: People want to explain Grogu, but when you try to put his essence into words, it diminishes the effect his presence has when you see him on screen. Even the name "Grogu" robs him of a portion of his magic. Interviewer: I see, but would you ever lend him money? Lynch: Never.

One of my investors called me tonight because his wirehouse broker is trying to sell him a late stage private fund with SpaceX shares in it. He can just wait three weeks and decide if he wants to invest directly in the company with no fees and costs when it’s publicly traded.

I've heard from two companies this week that have reduced staff in CX and invested in forward deployed engineers instead.

If you go from $TSMC to $NVDA to the hyperscalers & neoclouds, and from there to the foundation models and AI applications, you find gross margins of 50% to 75% the whole way up. No one has found a complement to commoditize.

After the pandemic, many of my favorite restaurants in LA closed. So a few years ago, when scheduling business meals, I started insisting that the other person pick the location, so I can learn about great new spots. Today I had a great lunch meeting at a place I would never have found otherwise.

Absolutely bonkers footage of Ukrainian soldiers shooting down Russian drones in prop planes with shotguns. Not ai, came from an official Ukrainian account and verified by the WSJ.