Michael Martocci
@MichaelMartocci
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30 | Founder @swagup ($200m+ Rev - acquired, still on board) | Investing 📈 | William & Mary | 📧 [email protected] ⛳️
Austin, TX
Joined October 2011
Some rationality in the markets is great for well run companies like $IREN Ultimately the more euphoric speculation, the cheaper capital, the more capacity gets built Would rather scrutiny, means less gets built out and/or weaker competitors hurdle rates go up These dynamics
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This also points to a concept that I think many people in the market are missing is that revenue tied to AI is not just about ChatGPT subscriptions and other direct AI products and services. It’s about the optimizations to all the other core businesses that exist. Both cost
I’d missed this from Meta but Jensen mentioned y’day It’s great & I wonder how much room there is to improve. Better targeting = fewer junk ads, more relevant offers, a cleaner feed, & less wasted spend for advertisers. Kind of makes me want to invest in consumer again.
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Exactly the types of things @tryramp can and will do at scale - creating entirely new product categories leveraging technology shifts and engenuity to save companies time and money Smart comapnies will leverage it to the extremes and start comapnies are where you want excess
This is real. We’ve found substantial overbillings across multiple vendors — some individual instances totaling several hundred thousand dollars. Trust… BUT VERIFY your invoices.
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Austin, Texas - the best city for ambitious people with kids 🤠🚀
Look at the decline in population for young children (under age 5) in major cities from 2005 to 2024 This is catastrophic Austin +98% Orlando +89% Raleigh +87% Charlotte +81% Dallas +81% Chicago -31% Boston -33% New York - 34% LA -36% San Francisco -38%
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I’ve had a front-row seat to the @tryramp story since the start and thought I’d share a little background into why this is such a special company built by special people We first connected with @CharleyMa in Feb 2020, right when Ramp launched (if I remember correctly
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Congrats on $32B - almost 10X from the original fundraise cake ;)
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Love this guy!
“The average Ivy League grad voting for Mamdani is annoyed their education is not that valuable, and that the person who knows how to drill for oil has a more valuable profession...I think that annoys the fuck out of these people," Palantir, $PLTR, CEO has said.
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90% of flights delayed out of Austin Airport - some 8+ hours
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The owner of Coach and Kate Spade $TPR Sales are up 13% YoY, a profits up almost 50% Stock up almost 4x in 2 years Shocking in this environment - what was the unlock for them?
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Or just do things that make houses cheaper… Also some math, assume $500k purchase price, 20% down, 50 year mortgage would likely have a .75-1% rate premium and your payments would be about $2200 vs $2400 and you make them for an extra 20 years Feels like student loans, bigger
50 year mortgage is probably the most pro-homeowner government policy of the last two decades.
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Beaurocratic distinction in a nutshell Louvre started commissioning studies and picked contractors over 8 years ago to enhance security and safety Improvements expected to start in first quarter 2026…9 years later
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Bubble 🫧
Brex's new agent product is saving $56m in annual salary to build this, Brex created a completely new codebase — 80% written by AI the ROI story is becoming undeniable:
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Did $IREN’s maintenance requirement get cut by 2/3rds? My buying power is up a ton this morning
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Thrilled to partner with @IREN_ltd to power next-gen AI for @Microsoft in Childress, TX! Dell racks with @NVIDIA GB300 GPUs enable secure, high-performance AI at scale. 🚀
$IREN is pleased to announce the signing of a $9.7bn AI Cloud contract with @Microsoft Key details of the transaction: - $9.7bn AI Cloud contract value - 5-year average term - 20% prepayment - 200MW (IT load) data centers - NVIDIA GB300 GPU deployments Refer to the press
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$IREN & $MSFT Deal, My Take Arguably the best among all deals announced so far by peers... we didn't have to give away Queen's warrants or equity, we'll have 20% of prepayments to discount on years 3-5, ie not before, Dell most likely finances a large part of the $5.8B in GPUs
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BREAKING: President Trump officially announces a "deal on economic and trade relations with China:" Chinese actions: 1. Suspend new rare earth export controls 2. Issue general licenses for exports of rare earths 3. Take "significant measures" to end flow of fentanyl to the US
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