Founder & CIO of Proem Asset Mgmt; BOD @zetaglobal. Past, CSO @Snap; BOD@ $Dave; MD @ CSFB & JPM. Co-founder Verishop. My own opinion & not investment advice

Dallas, TX
Joined March 2011
Imran Khan retweeted
I’m joining the team at @X to lead Product. I am a huge believer in @SpaceX's mission to extend human consciousness to the stars, so it’s time to make shitposting multiplanetary. X is the best way to find out what’s happening in the world right now and talk about it. The team has been working tirelessly to make X a better place and product for the people who love it, and many have noticed the recent momentum. My goal is to help accelerate that momentum for our community, new users, and businesses globally by continuing to make this product beautiful and useful. We are twenty years in, but it truly feels like X’s next chapter will be our greatest. I look forward to your ideas and feedback; I’m sure the replies will be measured and magnanimous.
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Imran Khan retweeted
Me checking my portfolio on my brand new iPhone Duo
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Congrats @ekuyda very exciting.
Wabi 2.0 is live! personal agents are one person, one chat. but the parts of life that matter run on more than one person Wabi is an agent you use together. you talk to it, it does stuff, builds the apps you need, and anyone can join the thread - your partner, your best friend, the preschool moms groupchat school changes pickup time → Wabi updates the family calendar, everyone sees it. a show you’d both love → Wabi finds a night that works, gets the tickets. the trip everyone keeps talking about → Wabi picks the dates, builds the itinerary, books it go start a thread with your people 👇
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If I were a hyperscaler, Nvidia, or another tech company with lots of cash, I would buy Neocloud bonds at 10%+ rates. Strong returns on positive cash balance, and if they go bankrupt, seize their compute and power resources for existing business. Better move than buying equities in these businesses.
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I still don’t understand the point of a large institutional investor meeting while Anthropic is in confidential filing. If they wanted a TTW meeting, they should have held it with select institutional investors in their offices. That would have avoided a circus and limited leaks. Given their S-1 leaked to the news media (I’ve never seen another in my 26-year career), the company should have been more sensitive.
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The maturity displayed by management teams of public AI and leading software companies versus their private peers is striking.
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I think Amazon realizes it will massively increase the return rate and will completely mess up their unit economics. Also it will increase fraud risks significantly that many investors are not realizing.
Amazon banning agents is the first opportunity I've seen since Amazon was founded for a startup to create an Amazon competitor. People will want agents to buy stuff for them. It will be one of the main use cases. And they won't want to use some Amazon-supplied agent to do it.
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Imran Khan retweeted
What an amazing couple of days at #Khanference in Dallas. Imran’s (@dottkhan) ability to bring together leaders from business, the military, and government for deep, candid conversations is unmatched. Great people. Great energy.
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Imran Khan retweeted
Great conversation with @jlanzone @Jasonmaynard @niravtolia @1PasswordCEO talked about the rise of consumer agents & what it will actually take for them to work: identity and trust, understanding what we want, personal context, and ultimately human connection Another great Khanference in the books. Thank you @dottkhan!
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Imran Khan retweeted
DFW>LGA … heading home inspired & nourished from @dottkhan #Khanference talks & networking conversations on AI, advertising, agentic commerce, global security, space tech, Ukraine economy and so much more …
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Imran Khan retweeted
Super fun to spend time with oldie but goodie friends @adambain, @joshelman, @jlanzone, and @peterpham during @dottkhan's annual "Khanference" this week in Dallas!
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Imran Khan retweeted
XNRGY founder and CEO Wais Jalali on data center jobs: Electrical engineer: $100k a few years ago → $500k now Plumber: $65–75k → $300k (& they’re getting poached by nearby sites) The other AI talent war. From @dottkhan Khanference
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I'm proud to announce that Proem Acquisition Corp I (Nasdaq: PAAC) is merging with Astro Digital, a premier builder of satellites for commercial, civil, and defense constellations. The combined company is expected to trade on Nasdaq as Astro Digital Holdings, with closing anticipated in Q1 2027. Since 2018, Astro Digital has delivered nearly 40 satellites across 16 mission types for more than 30 customers, including NASA, the Department of Defense, Boeing, and Sony. Its platforms flew the first NVIDIA H100 GPU to orbit on Starcloud-1. The transaction includes a $50M PIPE, with Proem Asset Management and its affiliates committing $25M. Why we chose Astro Digital: Capital efficient: 11 years and nearly 40 satellites without the cash burn that defines most of this sector. Direct leverage to the secular growth of space: as constellations multiply, so does demand for its platforms. Multiple growth vectors: customer follow-ons, new logos, government and sovereign programs, and new categories like orbital data centers. A proven team: Chris Biddy and Michael Wilson built this business from zero. Positive adjusted EBITDA while compounding revenue at 42% annually over two years. Thank you to Chris, Michael, and the entire Astro Digital team for trusting us as a partner on this next chapter. Press release, investor presentation, and webcast: proemacq.com
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Some fricking wild stats from our show coming tomorrow with @alexmashrabov: - $1BN ARR in 18 months, faster than Cursor and Cognition. - Higgsfield spend $4M per month on different models - That is over $10K per head. - Alex expects to spend $50-$100K per month on tokens for his 10x people. - One engineer spent $30K in a single week on Astra vibe coding. WTF!! - They have a team of 150 people in content alone. The story that has not been told, coming tomorrow...
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I wonder what all these agentic e-commerce orders will do to overall return rates! My guess is return rates will spike, and it will be interesting to see how e-commerce companies manage that increased cost.
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Interesting chart from @SVNieuwerburgh’s Brookings paper. US AI capex spending is estimated at over 3.5% of US GDP. For context, capex for railroad buildout between 1870 and 1890 was 2.24% of US GDP. Thank you @MichaelRStrain for pointing this out.
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Imran Khan retweeted
Last month I wrote about how we can build a positive and safe future for everyone: meta.com/thefutureisforevery… Every lab has the responsibility and incentive to move at the pace required to train its models safely, and the ability to take its own actions to ensure that happens. The reality is: - People won't want to use agents that are misaligned with them and that don't do what they ask, so labs have a strong natural incentive to make their models more aligned. There is a lot of debate about slowing progress on capabilities until alignment catches up. My view is that trust and alignment are quickly becoming the most important capabilities that will differentiate agents and models. Any lab that doesn't focus on alignment will fall behind. - Labs face significant liability if their models cause harm, so they have a strong incentive to prevent this as well. Meta delayed shipping Muse for several months to focus on safety and security. We didn't call for everyone else to do this before we would. We just did it as part of our day-to-day work because it was clearly the right thing for people and for us. I'm proud of the security foundations we've built. - Engaging independent evaluators and advisors is industry best practice. MSL already does this today in several areas because it helps produce better work. Other labs can just do this too. In general, it would be helpful for there to be a larger and more diverse ecosystem of evaluators. - Committing the significant majority of compute towards serving people rather than racing towards recursive self-improvement is one of the best ways to ensure we develop this technology safely. Meta has made this commitment and other labs can do this as well. I believe the key to building a positive future for everyone is maintaining the right balance of power. This is within our power to do.
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