Michael Arrington 🏴☠️
@arrington
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Founder of TechCrunch, CrunchBase and Arrington Capital. Be Excellent To Each Other. 🚀🌕
Miami, FL
Joined May 2009
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Just passed on a deal I was almost to yes on because the CEO was rude to our waiter.
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A friend of a friend at Google interviewed at Facebook right as the virus hit. Accepted new job in March. Didn’t quit old job. Apparently does both jobs at home in 55 hours/week. Neither company knows yet. Might have reversed the co’s, not sure. I have so many thoughts on this.
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Good friend in town for Seattle, having dinner with him tonight and he sends me this. God, people are sick. And I don’t mean covid
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When a large company calls for regulation, what they are really requesting are regulatory costs that serve as barriers to entry, protecting them from upstart competitors. It means nothing else. Ever.
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This is incitement of violence, glorifying violence and it’s the former CEO of Twitter. And, I thought, an old friend. I’m stunned.
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You don't become a $3T company by only selling people stuff once.
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Just returned from a trip to Miami. The positivity and energy are off the charts. Feels like Silicon Valley in the mid 90s or 2005 when I started TechCrunch. The contrast to SF/Seattle is stark. Thank you, Miami, for the very warm reception. Life felt normal again.
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I passed on the first round of Doordash. $50k into that round is apparently worth $80m now. That’ll keep me humble.
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The smartest people I know ask a lot of dumb questions. “He who asks is a fool for five minutes, but he who does not ask remains a fool forever.”
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Will the last taxpayer to leave California please turn the lights...oh wait, just leave the lights off.
California, Which Entered U.S. as Free State in 1850, to Study ‘Reparations‘ for Slavery
🙄
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I can no longer read TechCrunch, the company I founded, because I use an adblocker to stop malware. Sigh.
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Saying companies are leaving the Bay Area only because of taxes is to pretend that people really don’t mind stepping over needles and into human shit every time they go for a walk. San Francisco is disgusting, and ruled by psychos. Of course they are fleeing.
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Happy New Year from Miami. Life is good here. Masks are optional and no one has to show a vaccine card.
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Remember, insider trading is wrong and illegal. Unless you work for the Fed or are in Congress.
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There is zero risk for Coinbase and others to now relist XRP.
The magistrate judge in the SEC's case against
@Ripple
has made comments that should leave the blockchain firm "feeling pretty good," says an observing lawyer.
Via
@JamieCrawleyCD
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Got the email today that a lot of Silicon Valley insiders received. That we can have access to private testing immediately. I HATE that certain people can get immediate testing based on who you are or who you know.
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I've never been more bullish about crypto than I am right now.
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"OMG IT’S FREE MONEY I AM SO SMART" to “FUCKING FUCK WE NEED DEFI REGULATION NOW!” in record time.
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I’m not going to sugar coat it. The last several hours in crypto were absolutely terrifying. And I’ve seen some shit.
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The SEC wanted regulation by litigation. Well, they are getting exactly that.
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Last night with
@tiesto
@bgarlinghouse
@rabois
and
#PalmTreeCrew
and a few hundred other people. So fun.
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There is no set of circumstances under which I would ever give
@gofundme
another donation.
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Gensler accused of being in 'complete contempt of Congress' with crackdown on Coinbase - ‘He’s portraying crypto as the villain in order to portray himself as a political hero,’ says one Democratic congressman
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One thing San Francisco has proven is that even with unlimited public funds, socialist authoritarian policies still result in utter failure and misery. It’s stunning, really. How did they screw that up so badly?
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I love how senators just have to say "let's fuck this random stuff up" and then all the people in that industry pour money into their coffers to convince them not to. It's a direct analogy to "nice store you have here, what a shame if something bad were to happen to it"
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December 3. Crypto people, Mark your calendars.
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I stand with XRP
Today, the SEC voted to attack crypto. Chairman Jay Clayton - in his final act - is picking winners and trying to limit US innovation in the crypto industry to BTC and ETH. (1/3)
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It was super interesting to watch our language evolve in real time today. For real, not being sarcastic. Politics aside, this is an awesome display of pure power.
As recently as last month, Webster’s Dictionary included a definition of “preference” as “orientation” or “sexual preference.” TODAY they changed it and added the word “offensive."
Insane - I just checked through Wayback Machine and it’s real.
(via
@ThorSvensonn
&
@chadfelixg
)
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I am 51 years old and I still don’t know if 12 noon is am or pm.
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ALGO and XRP can live very happily together.
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Fantastic dinner with
@bgarlinghouse
, Trent Herren and Brad Garlinghouse’s credit card at
@SeaspiceMIA
.
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When will the triple vaccinated people start targeting the merely double vaccinated people for being problematic?
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We received a second subpeona from the SEC, again collecting information from us as investors in a U.S. company. The legal costs of dealing with these are not insignificant. We will not invest in any further U.S. deals until the SEC clarifies token rules. Pivot to Asia.
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One thing Gensler made clear today: He thinks all of crypto is under his control, and he's eager to expand the power of the SEC. He said the law is clear based on 75 enforcement actions, but seems to be walking back clarity on ETH, at least. All I see is more muddy water.
Gensler sets SEC sights on DeFi, crypto lending and more in expansive speech on regulation
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I had a preliminary zoom call with a crypto startup. They took a picture of me in the zoom and posted it to their discord, suggesting that we will be investing or partnering with them. This is dishonest, and it is a very good way to get us to an immediate "no".
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My parents took me to the Soviet Union in 1980. I was very young, but if affected me greatly. I wish more Americans could visit the world, and see how great we have it.
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Old friend visiting Miami from California. Invited me to dinner and requested I bring my vaccination card. My friend, you are not in California any more.
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Right...Let's take
@elonmusk
, the most dynamic and interesting entrepreneur in America, and tell him he can't do that stuff any more. Because of one stupid tweet. Great job, SEC.
SEC seeks to bar Elon Musk from serving as an officer or director of a publicly traded company if found guilty; Musk calls SEC action unjustified (
@saracsalinas
/ CNBC)
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There are a LOT of very rich Silicon Valley people virtue signaling about climate change who also own their own planes and charter a super yacht every summer. What I’m saying is, more of you need to invite me along.
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Quite a few of my anti gun friends have asked me what types of guns they should buy just in case. Sort of like that saying about how there are no atheists in foxholes.
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What kind of a psychopath tries to schedule a meeting at 8:30 in the morning?
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Watches while drinking iced coffee in Miami:
Welcome to San Francisco. Do whatever you want. No one will stop you. No one will arrest you. There is no law.
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If you’re perplexed as to why investors would aggressively invest in Ripple at a $10b valuation, the problem may be you. Or you could just keep believing you’re so smart and they’re so dumb.
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"XRP is no slouch, either. Despite an all-out attack by
the SEC on Ripple, XRP has largely shrugged off the drama: It rose 160% in Q1, matching Ether’s spectacular rise."
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I disagree. Age is irrelevant. Take risks.
The younger you are in your career, the easier it is to take risk.
Youth is an advantage. Use it.
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Today is the best day in crypto in a long, long time.
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Half way through
#SwellByRipple
and meeting twitter folks in real life. Selfie with
@XrpMr
@BakkupBradley
@digitalassetbuy
, Graham and
@bgarlinghouse
before everyone started the serious drinking. 💪🏼
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Bill Gates has done every single thing he could do to please the progressive left. There is no way to win, except leave the US. The lunatics are running the asylum.
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I just met
@EnesFreedom
. He’s a true American hero. Thank you
@jacobhelberg
and
@rabois
for inviting me to your home today.
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Coindesk with the scoop - Today we are launching our second fund - The $100 million Arrington Algo Growth Fund. I'll write a blog post later today as well. via
@realDannyNelson
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Professors benefit from giving toxic and dangerous advice to students and society. That’s because they make money by impoverishing students in a lifetime of debt, and suffer no downside should anyone listen to their ridiculous ideas.
Venture capitalists benefit from giving toxic and dangerous advice to startups. That's because the risk to the VC is bounded — the amount invested — whereas the costs to founders and workers' health, to society, to democracy, and to the environment are unbounded.
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5/ So while Ripple pays (presumably) tens of millions of dollars to fight off the SEC and protect the entire industry from corruption, some of you say anyone associated with it is dead to you. Fine, sir, I am dead to you. I applaud what they are fighting for. I can live with that
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Never again. Stop listening to the politicians and journalists.
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Coinbase Exchange Users Can Buy and Sell XRP Starting Tomorrow | CoinDesk
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I've had two moderna shots, had covid afterwards. I won't get any more shots and I think people should make their own choices. I am against mandates. I have had all other recommended vaccines during my lifetime. Am I anti-vax? The dictionary says so.
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What kind of Sunday am I having? Every single one of our smoke detectors melted down at 7 am in unison. This google crap is no bueno. You may notice one with some structural damage, that was before I could locate a screwdriver.
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I wonder if
@naval
ever feels like tweeting some vacation picture or his opinion on the Mandalorian but feels trapped by expectations and just does his “the sun cannot rise until the moon sets” standard fare
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Crypto just passed a $1 Trillion market cap for the first time
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Emergency council session to solve this crypto crisis. Should be all fixed by tomorrow
@polina_marinova
@NataliePropy
@APompliano
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They will never stop attacking
@coinbase
after their decision to ask employees to keep politics out of the workplace. Everyone must bend to their narrative, or else.
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We are very happy to be closing on a new $30m commitment to
@arringtonXRPcap
next week. Investors are VERY excited about the crypto markets right now.
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3/ They are fighting on behalf of all of crypto. But some parts of crypto have hated Ripple and XRP for years. Despite not understanding it at all. It's time for them to either shut up, or take the time to understand.
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I love these “I’m vaccinated” masks because you can unironically virtue signal in two contradictory ways simultaneously; thus educating everyone on an example of cognitive dissonance. Win-win-win
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I support Ukraine. However, I’m nervous about the fact that I’m on the same side of this issue as Soros. Something isn’t quite right here. Almost like both sides are being played.
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someone named Ava is aggressively trying to sell me a crunchbase subscription. They seem unaware that I founded the company.
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Good for Ripple. The lack of clarity in crypto is a disaster for the U.S.
Chris Larsen just said
@Ripple
is thinking of relocating due to lack of regulatory clarity in the US.
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In our spare time, when not conspiring with the SEC to make bitcoin and eth illegal (wtf?), we also kick puppies.
if you're in any way affiliated with ripple, you've ever worked with them, or taken money from them, you're dead to me. it's that simple. their entire strategy is lobbying a) to get Bitcoin/PoW banned and b) to get Ethereum branded a security. ghastly people.
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FIGHT THE POWER. Somewhere else though. It’s too nice where I live.
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The sociopaths are making all the decisions, and we are letting them.
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Watching
@bgarlinghouse
back stage preparing for his opening speech. Swell begins soon!
#swellbyripple
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FUN trip to Las Vegas for XRP Las Vegas and
@DigitalChamber
. Finally got to meet the legend
@JohnEDeaton1
, and was just generally
@bgarlinghouse
's sidekick for the weekend. XRP Army is the best army.
#XRPLasVegas2024
#xrparmy
@Arrington_Cap
@Ripple
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The UK is releasing prisoners left and right because of
#corona
but Julian Assange isn't eligible for release BECAUSE HE HASN'T BEEN CONVICTED OF A CRIME. He's being held pending an extradition proceeding to the U.S.
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Fun night in Singapore at
@binance
Gala. With
@cz_binance
@justinsuntron
@arringtonXRPcap
@jesseproudman
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