I used to track terrorists, but now I track trucks.
Washington, DC
Joined July 2021
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𝗜 𝗿𝗲𝗮𝗱 𝘁𝗵𝗲 𝗮𝗰𝗮𝗱𝗲𝗺𝗶𝗰 𝗽𝗮𝗽𝗲𝗿, 𝗮𝗻𝗱 𝘁𝗵𝗲𝗿𝗲 𝗶𝘀 𝗮 𝗯𝗶𝘁 𝗺𝗼𝗿𝗲 𝗻𝘂𝗮𝗻𝗰𝗲 𝗵𝗲𝗿𝗲...
- the academics counted 'shutdown' as an exit. Of the companies they examined, 59% went out of business. So not quite an 'exit' in the way most VCs/founders think of the term.
- they noted that 38% of founders departed prior to the exit and held zero shares at exit. the authors counted this as a $0 outcome, but did not account for potential secondaries sold prior to their departure
- among founders who exited via an IPO or M&A, 76% of them received liquidity. The mean payout was $45M and the median was $5.5M
In short, the majority of VC-backed startups don't have a great exit (both VCs and founders already know that), but if you are still the founder at an IPO or acquisition, you have a 75% chance of making more than $5.5M.
IMHO, still very much worth the risk!
Theranos would have never let this happen
🚨MAJOR BREAKING: Quest Diagnostics, one of America’s largest medical testing companies serving roughly half of U.S. physicians and hospitals, has confirmed a cybersecurity breach involving unauthorized access to patient medical records through its Quanum laboratory system. The company discovered the intrusion October 21 and has notified federal law enforcement.
Listened to some MFM after a busy hiatus. I love that the show has turned into @thesamparr learning things from @ShaanVP as if he is Captain America and just emerged from a 70 year coma. Hearing about Liz Holmes and flying cars for the first time with wonder and amazement 😄
Vetting carriers may not be 'as easy as pie'...but it doesn't have to be rocket science! Get @GenLogs
This is going to be some amazing brand recognition for @DenverRayburn. Having been to the factory, I can assure you it’s real. True gamechanger.
I will pay you $1000 if you show us the following:
1. Video of the sweaters being knit in Los Angeles
2. Where the machines are made that make those sweaters via
3. The box holding the cotton thread showing where its made
@fw_automation @JoshuaSteinman @DenverRayburn
My argument wasn't about the sweater, but here's your opportunity to show us all how you're reindustrializing America with a knit sweater.
You've multiple times claimed its profitable at $16, so please tell us:
1. Material cost for the 2XL sweater
2. Rent in Los Angeles
3. Shipping cost
4. Packaging
Again, it's not about the sweater. I'm speaking generally, but if you want to make it about the sweater, show us!
It's cool right?
Sorry forgetting confused for thinking that the $320 sweater was "the real one", which apparently is... made in Portugal? Why are they still selling at $320, but you're sold out by the way? If it's your design, why are you allowing that?
And that "the real one" is sold out for me and has a woman wearing it who is either AI or photoshop or both. What's that about?
It's confusing, so show us, and I'll pay you $1000!
I won’t share publicly when I sell some secondary…
… but there will be signs
IT'S HAPPENING! Reese's is dropping a 52oz *pie* that is a GINORMOUS Peanut Butter Cup!
This was sold online five years ago and went instantly from @reeses and is FINALLY getting a true release in stores.
So far it has been spotted at BJ's Wholesale Club and is an absolutely need!
It is $39.99 for those wondering and is gonna be better than ANY pie you might bring for Thanksgiving.
Would you grab a Reese's Pie for the holidays?!
#reeses #reesespeanutbuttercups #pies #candy #pie
Thought experiments are one of the greatest human experiences. I go on a walk most mornings and conduct a hundred thought experiments with a thousand possible outcomes. I end the walk with insane clarity.
No tech. No app. No agent. Just my mind and time. Insane leverage.
My sister took this picture of a SpaceX rocket outside her house in Orlando this morning.
What a time to be alive…
Full video. The International Space Station (ISS) passed behind it on the left. Way to go @elonmusk
Including this tweet in @GenLogs’ data room
