Eric Manlunas
@EricManlunas
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Lucky husband & proud Dad - Early stage VC - 2x start-up founder - Pathological optimist - Immigrant 🇵🇭
Los Angeles, CA
Joined April 2008
UATX will never charge tuition. And we will never take government money. Here's why. Graduates spend decades shouldering debt for hollow credentials. This debt influences every decision they make: What job to take. Where to live. When to marry. When to have children. Some will
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I think we can all agree on a few things: We have $36 trillion of national debt growing at a rapid rate, that must be refinanced and issued at a materially higher interest rate as our bonds come due and as new funds are needed. We had a $1.8 trillion deficit in fiscal 2024.
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Here’s a list where @elonmusk and @VivekGRamaswamy at @DOGE can start when they begin cutting wasteful spending in January 2025. There’s over $100B on this list alone.
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👇🏽Spot on👇🏽
As much as last night was an indictment of the Democratic Party for misleading party members and the country about the mental acuity and health of the president, the media deserve far more derision and scorn. I and others were repeatedly criticized by the media for questioning
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The majority of billion-dollar startups in the U.S. have at least one immigrant founder. Here is where those founders are from. https://t.co/Q6btOCdAIN via @visualcap
visualcapitalist.com
Less than half of the U.S.' billion-dollar companies are founded by Americans - here, we showcase which countries these founders are from.
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A world where public health officials are mistrusted is a more dangerous world. We need to restore this trust. Trust emerges from transparency, accountability, and ultimately from positive outcomes from the policies implemented. In the fog of the Covid war, many mistakes were
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Whoa! In as much as I believe in giving someone the benefit of the doubt, this may have been fraud from Day 1. https://t.co/DPEYXajb7n via @PitchBook
pitchbook.com
Sam Bankman-Fried, the founder of formerly VC-backed crypto exchange FTX, received around $2.2 billion in funds and is now awaiting trial on charges of fraud.
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Investing is 5% intellect and 95% temperament. It's a test of how well you can sit quietly when your emotions are screaming at you to do the wrong thing.
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Will people worship SMB owners in a down cycle?
Startup losing $100M/year: "backed by visionary venture capitalists, we are an obsessed team of tinkerers who are redefining life on Earth, one revolution at a time." Small business making $10M/year: "this is a laundry mat"
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And yet the official inflation data is just slightly above 7%. 🤷🏼♂️ https://t.co/6Brinkt4N9
visualcapitalist.com
How has inflation impacted everyday goods like milk, flour, or fuel? This chart shows the annual change in the price of basic daily goods.
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Shouldn’t this headline instead be written like this? “@Microsoft gives @LSEGplc enough capital in exchange for 4% of London Stock Exchange so LSEG can now afford to pay @Azure for the next 10 years.”
bloomberg.com
Microsoft Corp. agreed to buy a 4% stake in London Stock Exchange Group Plc in a $2.8 billion cloud-computing deal that pushes big tech further into financial markets.
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The Unbearable Uselessness of Crypto by Andrés Velasco @ProSyn
project-syndicate.org
Andrés Velasco explains why FTX's collapse should sink a hyped-up lie bobbing on an ocean of libertarian technobabble.
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While all scams don't start as such, this one may have been a scam from the very beginning.
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Wow…from $0 to $32B back down to $0 in 39 months. I wonder who will play Sam Bankman-Fried in the upcoming movie. #FTXCRASH #FTXbankruptcy
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You’re a good human @JeremieFrimpong!
The cost to be a decent person is $0.00. Jeremie Frimpong accidentally kicked a ball in the stands and immediately came to the rescue.
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Blockbuster refused to acquire @netflix for $50M (@netflix market cap today is $120B) and instead decided to partner w/ Enron for their own Video-on-Demand platform. https://t.co/LfaRWaFI1l via @MorningBrew
morningbrew.com
At its peak, the movie rental chain had 9,000 stores and raked in $6 billion in annual revenue.
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Yes, this is an ugly chart. Yes,>$700B of value destruction from its all time highs hurting lots of momentum chasers. But let’s not lose perspective, at today’s market value of ~$260B, @Meta stock is still up 17x from its pre-IPO round at ~$15B & 2.6x from its IPO value of $100B
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It doesn’t matter much for someone like @elonmusk who’s clearly in a different financial stratosphere to overpay for an asset like @Twitter since all he mostly did was use his other overpriced currency (monetizing some of his @Tesla stock) to pay for it.
fortune.com
“Musk buying Twitter remains a major head-scratcher,” Wedbush’s Dan Ives wrote on Thursday, adding that he believes the firm’s fair value is $19 billion less than what Musk paid.
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Mom knows best!
Herschel Walker’s mom has rebutted his claims that his grandmother was “full-blood Cherokee.” https://t.co/CzCnfkvcnu
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Fascinating! Alternative assets rock! https://t.co/OWvic2DD12
thehustle.co
A little-known provision in a 100-year-old contract opened up the door for private investors to mint money from mouthwash sales.
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