I want to fund crazier startups. Looking for something that makes 99% of people scratch their heads and/or laugh at the idea. If you’re working on something ridiculous - dm me
The creator bubble is popping. For influencers: Brands deals have dried up substantially in the past 6 months. Most of my friends who were charging $30k per video are now struggling to fill their sponsor slots at $10k
I think Steve Jobs would be sad to see what Apple has become. Financialized. Marginally better products. Little creativity in design. Haven’t seen a revolutionary new feature in years.
I love how pessimistic everyone’s 2023 economy predictions are.. go look at their 2022 predictions last year and you’ll realize nobody knows anything. We’re all clueless
Few people seem to understand my negative views on credit cards. Mastercard and Visa have duped the entire world into paying a 3% tax on every purchase via interchange fees. Most businesses are happy to offer cash discounts, you just have to ask.
Yes this could simply be a result of cost cutting efforts. But they aren’t willing to even pay $5 for a new user? Feels strange to completely shut down the program. What’s their LTV of a user?
Those who inflated their lifestyle and spending habits have now come to the realization that marketing budgets are the first thing to get cut during recessionary periods. YouTubers who hired a dozen team members last year are now laying off their employees in order to cut costs
Tipflation is out of control. I’m getting tired of being expected to tip 25% for someone to hand you a muffin and spin an iPad around. Like, can we just pay these workers more?
Eventually marketing budgets will increase again. However, at the moment they are tightening. This is a good lesson to stay lean with expenses as a creator
Which life would you prefer?
Option 1: Lifestyle business. Profit $1 million per year. No employees, no set work hours. Lots of time with family.
Option 2: Large business. Profit $50 million per year. 80 hour work weeks. Managing 200 employees. Minimal vacations.
With imminent economic headwinds this year, I fear that a lot of TikTokers, YouTubers, and Instagram influencers will be forced to pick up new jobs (or shill online courses).
Hot take: I think smoking marijuana has been too normalized in recent years. It feels like everyone brushes over the countless negative health effects of the substance
People keep talking about how if you invest $500/month for the next 40 years you’ll retire as a millionaire… yeah and a million dollars will buy you a used Toyota Camry in 2063. Congrats
Big tech layoffs have amounted to 55,000 people this month. I’m interested to see how many of these people will now form the next billion dollar company
I’ll pay someone $500/month to shitpost on Twitter for one of our media brands. Whenever a dumb thought pops into your head, just blast it out on this app. Easiest $500 ever
Let’s be honest. It’s pretty easy to spot when someone has used chatgpt in their writing. There’s something about it that just feels too clean, corporate, and boring.
I recently realized that my greatest strength may be the ability to sit in silence, reflect, and genuinely be happy within my own head. I didn’t understand how rare that is until now
Thanksgiving is fast approaching. Try these conversation starters at the dinner table:
- So how bout that election?
- Did you get your covid booster?
- Greta Thunberg
- How’s your crypto portfolio doing?
- Abortion
On YouTube: We’ve had six figures worth of brand deals canceled in the past 30 days. Either companies are panicking or running out of money. Probably a bit of both.
Bryan Johnson spends $2 million a year to be 18 years old again.
In 2021, he reduced his epigenetic age by 5.1 years in 7 months (a world record)
His 13-steps for a long healthy life:
Imagine buying Amazon, Google and Microsoft at their lows in 2002. We are not at the bottom yet, but there will be so many life changing deals on tech soon. Sadly, most people will be disinterested in investing by this point
Fine I’ll say it. The interior of a Tesla feels soulless and tacky. I don’t want to tap around on an iPad to turn on the heat. Buttons and dials have more character
Inflation will continue to decline in the next few months - this will cause the fed to pause and eventually ease and the markets to roar upwards. Once the fed begins easing we will enter phase 2 of the inflation saga. People really don’t seem to understand how sticky inflation is
Things we’ll have to explain to our grandchildren in 40 years, because they’ll no longer exist:
⁃Eating animals (not lab grown)
⁃The death penalty
⁃Carrying a wallet
⁃Voting in-person for elections
⁃Cursive writing
⁃Physical passports
⁃Home ownership
I’m proud to have launched our rolling fund
@roadrunner_vc
in partnership with
@sebfung
this week.
With an extensive creator network - we aim to invest into early stage startups that we believe have the potential to change the shape of the future.
Kids aren’t going to college anymore. Enrollment is down ~9% and we could see the trend continue as tuition increases & high schoolers see other opportunities. Here’s what’s going on. 🧵
Why are we building massive cities in deserts? It makes no sense to me. Importing water from other states and draining crucial rivers. I’m specifically referring to Vegas and Phoenix..
In 2022: Ubers are more expensive than taxis, airbnb is more expensive than hotels. Isn’t it weird that these “sharing economy” solutions cost us more? Too many people in the middle taking a cut
I recently realized that humans will always complain about the current state of the economy, politics, etc.. The truth is that we are doing great. Crime is down, jobs are abundant, people are generally healthy. We are headed in the right direction
I hate to break it to you, but home prices will never be cheaper than they are today. Millions of people are on the sidelines waiting for prices to drop. It’s not gonna happen. Up and up we go
Inflation has peaked. Home prices are stabilizing. Used car prices are finally dropping again. Ocean freight shipping rates are down from Q1. Can we stave off a recession?
@lawyer4SMBs
Y’all are stuck in the tech twitter loop. $100k salary is 42% higher than the average household income in the US. So yes, $100k is very decent
Amazon is in big trouble. It’s no longer the cheapest option for most items. Prices on Temu are consistently 50-70% lower than Amazon for the exact same items. If I were an investor in Amazon, I’d be sweating right now