Hugh Stephens
@hughstephens
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I don't know how to internet. Quiet atm but back soon. Runs @getskedsocial, GP / VC of @galileovc (mel/syd/sf). 🏳️🌈
Melbourne, Australia
Joined March 2009
please don’t make fun of kids who believe in santa i know startup founders who believe their revenue is ARR
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never seen someone using one of those sales (job interview?) live coaching AI things and there’s someone on the plane waiting to depart using one he is not very good at hiding its use, inclusive of finger-on-the-laptop-screen pointing at each word he reads it also has a delay
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the worst part in believing in em dashes is now everyone thinks you use liberal amounts of AI i mean, i do use some, but only little bits
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the irony is that for all of the teen social media ban, we would probably do better for society banning all old people from social media so they stop getting scammed
afr.com
Mary, 85, is one of thousands of victims of Australia’s boom in crypto ATM’s, which suck in $275 million a year, and are the “getaway cars” for scammers.
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this from @matt_levine is a good illustration of the challenge of many AU super funds in "investing in Australian startups"...
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ah excellent the way to improve access to vc is to get consumers who just meet the thresholds to invest in a fees-on-fees fund of funds structure which surely will have access to the best funds in an asset class where the median fund returns zero over 10+ years
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getting shamed for wearing 'vc shoes' in a linkedin post at a portfolio company is a new experience
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Thanks so much @VeraShokina and the @siliconvlybank team for hosting our launch in SF and looking forward to working together to help more ANZ startups get into the US market and ecosystem!
I just hosted a special event: the SF launch of @galileovc, a top pre-seed/seed fund from Australia backing exceptional Australian founders and helping them win in the US through networks, BD, and hands-on ops. Interviewed Galileo’s partners - @jamesfromsydney @hughstephens and
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Startup people discover the department “internal comms”
I have always, always, wondered why there aren't internal journalists and anthropologists inside large companies. It takes one observation to pay back for years of salaries, and more importantly it's fun for everybody!
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speaking of, have you tried just feeding your problems into the maw of the AI until it says it's eaten too much
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counterpoint to all this - no doubt *many* changes occur under the hood with no user noticeable effect (and let's be honest, unit economics of foundation model companies are uh under scrutiny) this cuts both ways, and users can reach for conspiracies before anything else (maybe
there's this phenomenon happening with AI coding tools. i'm calling it "subscription fog." you have users bragging about getting $3k of inference for $200/month. then suddenly things "feel" off. when the same entity controls both: 1. the inference supply 2. the harness
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the future of coding is knowing how to catch the AI before it deletes your entire local repo
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I feel for it! Costs up (3y contract that renewed), and everyone is trying to charge more for the same atm. but as we did with our legacy customers, we capped increase at 20% rather than giving them sticker shock. team instead working out how to go back to biz plan at this
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gotta say for all @eastdakota 's (great!) comments on how cloud vendors absolutely pull the rug out from their customers… our cloudflare enterprise plan is about to renew and they're trying to rip an extra 80% on top of the contract without *huge* changes in traffic etc.
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