YC's shift to deep-tech is no surprise to people who have been thinking about the macro picture. There is a repeating pattern to capital deployment and tech innovation cycles. Here's the quick breakdown 🧵 (last weeks essay linked through bio)

Okta got hacked. Leading to impact for CloudFlare, 1Password, and BeyondTrust. Here's everything we know about it:

Kelvin Kiptum just ran a record marathon time of 2:00:35 in Chicago. He beat Eliud Kipchoge’s 2:01:09 time by 34 secs! And was only 35 secs from sub- 2 hours. The Kenyan star is only 23-years old and trains by himself with no coach. Unbelievable.

Long slow distance: continuous run at 70% of max HR for 45 minutes Lactate threshold run: continuous run at lactate threshold (85% of max HR) for ~25 minutes 15 on/15 off intervals: 47 repetitions of 15 s at 90–95% of max HR/15 s at 70% of max HR 4 x 4 intervals: four

1/ This article on Pinduoduo (the 3rd largest e-commerce platform in China) is ostensibly focused on their new US venture Temu, but it quickly devolves into the most outrageous profile of Chinese corporate culture that I’ve ever read

AI is so hot right now. We’ve had 100+ investors reach out. We don't have time to meet with everyone so instead we're sharing our investor presentation with the world: https://t.co/QUDHpuDK2m More than anything we hope this transparency builds customer trust.

Midjourney v5 is here! (for real this time, lol) Here are some side-by-sides of my prompts, v4 vs v5, as well as some new prompts and crowd shots. I'll add more to this as I experiment. 🧵

Lots of really bad takes about SVB. Let’s try and correct This is not a solvency crisis like 2008. Bad loans or poor investments were not made. Money was not lost. So, everyone is going to get their money back. (And please no takes about no interest rate hedging.

THIS THREAD IS THE BEST THING ON TWITTER RIGHT NOW 🧵 😆 ⬇️

The most sought-after exec coach in Silicon Valley coached @naval. Then continued on to coach the CEO’s of Reddit, OpenAI, and Coinbase....even Sequoia Capital. Here are 5 “MAGIC” questions he has all his leaders ask their teams:

Roblox reported full year 2022 revenue of $2.2B and bookings of $2.9B, burned almost no cash, usage was 49B hours and averaged 56M daily active users. The first analyst question on the earnings call: "Everybody is talking about ChatGPT, how does this technology accelerate

RIP Yammer. The product was ahead of its time and paved the way for freemium and social in the enterprise. However I think there is still more room for innovation in the space. More to announce on that soon. https://t.co/701DL9fDzq

$TWLO Q4 “efficiency” - migrating from growth company to a profitable growth company, cutting perks inc sabbaticals, new org structure, 17% RIF and accelerated path to profits, plus $1 B buy back. CEO personally buying $10 M. #timetogetfit @jeffiel

$ABNB grt Q4 call - Yes we got more efficient / profitable, but less obvious - we had fewer people in mtgs, moved faster, focused on what mattered. Made us more attractive place to work bc easier to get stuff done. Building special forces not the navy. #timetogetfit @bchesky

When Gates stepped down from Microsoft in 2000, it was a $600B mkt cap company. Over 13 yrs Ballmer ran it down to $270B (the stock was up 9% the day he announced he would retire). Now @satyanadella has been running it for 9 years and the mkt cap is up to ~$2T

This is what I will respond with when people claim they’d rather take a great business with a mediocre leader than a great leader with a mediocre business. Great leaders build great businesses.

ARR Multiples keep dropping :-(

Pre-PMF: The bigger the team & the more $$ in the bank, the less likely it is they’ll get to PMF. Why? 1. Lack of focus 2. Lack of urgency/speed 3. Lack of creativity Seen this across >1000 pre-PMF startups that haven’t made it / died (more bloated) vs ones that did (leaner).

the next generation of google maps was just revealed and it looks absolutely incredible 🤯

PREDICTION: Google’s $15B deal with Apple to be the default search on iPhone will be re-negotiated and be a bidding war between MSFT/Bing and Google. It will become at least $25B, if not more. If MSFT is willing to spend $10B on OpenAI, they’ll spend even more here.