The 1st cohort of our fintech-focused accelerator,
@TheMint_vc
wrapped in October w/ 7 companies, and was a huge success... so we're prepping to do it again in March!
Curious about The Mint?
Summary + why we decided to launch an accelerator in tweets below.
this is amazing by
@elonmusk
...
people always seem to claim that X amount of money can solve a problem... so Elon calls them out, says he'll donate the money if they can solve it
CEO of a 400+ employee business says WFH is working well, he may not renew his SF lease to save $10m a year (office + lunches etc) and instead do a couple of all-hands offsites a year (much cheaper). Lots of others must be thinking similarly- CRE could be permanently altered.
I love this idea & am planning one:
A night where all of your friends make a presentation on what they do at work and answer questions.
I don't know much about what many of my friends do for a living.
X keeps serving me this video so I succumbed
The premise is that Mr Beast and crew are helicoptered into an abandoned city and have to survive for 7 days, seems like a fun concept…
but I recognized the “abandoned city” as Kupari Croatia, which is neither abandoned nor a city,…
Freaking Incredible: Agassi knew where Boris Becker was going to serve based on his tongue movements, but didn’t want to use it all the time because then Becker would find out
Tic Tacs are 94% sugar and yet claim to be sugar free…
The FDA says anything can be labeled sugar free if it has <0.5g of sugar, so each tic tac is 0.49g and they can claim they have 0 sugar on the label
The American mind cannot comprehend this.
The longest train ride in India:
- takes 74.5 hours
- covers 2,600mi (~distance from Wash. DC - LA)
- is considered "Super Fast Express" though it averages ~35mph
- sleeper (bed) ticket costs $14.27
Drones raining from the sky in Zhengzhou 😬
Word on the street is that a rival drone company that lost the bid interfered to overwhelm the drones nav system!
The Golden Gate Bridge construction was finished in 4 years in 1937, under budget at $35M (~$600M today).
A suicide prevention net (cost: $400M) on that bridge started construction 4 years ago and is half-complete.
We can’t build anything anymore.
This dude slapped a new label (& name: Le Château Colombier) on a shitty $2.50 supermarket wine and won gold medal at the Gilbert et Gaillard wine competition in France.
They described it as "suave, edgy and rich palate with clean, young aromas that promise a lovely complexity"
Apple is a real bully. Apple + Maximo met for partnership/acquisition talks but Apple had a secret plan (Project Everest) to steal the tech without paying. They even recruited 20 of Masimo’s team, doubling their salaries…. Apple paid their CTO $4M to come over, and in his 1st 2…
In an unprecedented development, Apple will halt Apple Watch Series 9 and Apple Watch Ultra 2 sales in the US after an ITC ruling about Apple violating Masimo blood oxygen patents was not reversed.
The new CEO of Costco Ron Vachris started out as a forklift driver, has worked his way up at Costco for the past 40+ years.
Outgoing CEO Craig Jelinek started out as a food stocker at Costco predecessor FedMart & worked his way up for 43 yrs before becoming CEO
Incredible.
TIL you can own your own private rail car & attach it to an Amtrak train
only ~100 private cars in operation in the US, they are extremely expensive (~$300k+) + Amtrak charges ~$5/mile.
But there are 100 rich train lovers out there!
Incentives work!
Dad had a heart attack 3 yrs ago, been trying to get him to change his diet & behavior- no dice.
Noticed yday that dad was walking laps around the house, asked why: his health insurance gives him $𝟏𝟎/mo if he walks 7.5k steps every day!
$10!
Oh no... what have we done?
2 years ago, Mexico City ranked as the 76th most expensive city in the Economist's worldwide cost of living survey.
This year, it ranked 16th! More expensive than Milan, Munich and DC.
random thought:
Jobs made more from Disney than from Apple
Clooney made more $ selling Tequila than acting
Bechtolsheim made more $ investing in Google than founding Sun
Foreman made more $ selling grills than boxing
Dre made more $ from Beats (headphones) than making music
Salesforce park is the prettiest park in a business district I can think of.
Also if I saw this and didn’t know better I would’ve guessed it was in Singapore.
TIL Thomas and George Kurian are identical twins.
They both grew up in India, came to the US to study at Princeton, did Stanford GSB, McKinsey, Oracle.
Thomas is the CEO of Google Cloud
George is the CEO of NetApp ($21B market cap)
impressive af!
I think about this scene from
@SiliconHBO
all the time when founders are raising:
"If you show revenue, people will ask how much and it'll never be enough"
-Russ Hanneman
So incredibly sad- Susan Wojcicki’s 19 year old son died from a drug overdose at Cal after taking a drug that was potentially laced with fentanyl.
2mg of fentanyl (~10-15 grains of salt worth) is a lethal dose.
Duolingo runs a taqueria outside their HQ in Pittsburgh. You get a discount for speaking Spanish.
Many reviews say it’s the best Mexican food they’ve ever had! I will def go next time I’m in town.
I am often surprised by polling but this one scares the shit out of me.
1 out of 5 people 18-29 believe the holocaust is a myth. How did it get to be this way?
@silmarilya
It’s for people like me. I don’t want to pay $4k for a toy I’ll use occasionally but now am contemplating paying $600 for one to have around and use on planes
I bet quest sales are very good right now
Students with last names later in the alphabet receive lower grades than those in the beginning.
Teachers give higher grades when they start and lower when they are tired of grading.
Teachers that grade Z-A give higher grades to late last names.
Delta is 0.6/100
An HK-based employee of a multinational firm wired out $25M after attending a video call where all employees were deepfaked, including the CFO.
He first got an email which was suspicious but then was reassured on the video call with his “coworkers.”
David Gottesman invested in Berkshire Hathaway in 1968 and held on. His wife now has $11.7B of the stock; the stock is up ~30,000x in these 56 years.
His wife is donating $1B to the Einstein College of Medicine to make tuition free.
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
A (white) wedding guest told me that she didn't want to wear Indian clothes to our wedding because she thought it could be considered cultural appropriation.
It's appreciation not appropriation - I love it when people wear Indian clothes.
Reclining seats on airplanes is perfectly acceptable behavior.
If they recline then you’re allowed to recline them. Obv be mindful of the person behind you but reclining is your right.
I only recently learned that some people have a different view.
Stripe launched a Plaid competitor today.
Plaid CEO
@zachperret
says the guy who runs it took multiple interviews with Plaid and asked probing questions in interviews.
I have no use for this but seeing it makes me excited for the future
Take a picture of a pile of legos - Brickit identifies all the pieces, tells you what you can build and gives you instructions to build them.
Caltrain deputy director built himself an apartment (with kitchen & shower) inside the Burlingame train station with $42k of public funds (each invoice <$3k), and it took 3 years for it to be discovered.
I demand a short documentary about this! I haven’t seen footage anywhere
In Michigan, all public school students take the SAT in 11th grade so you get a full cross-section to look at demographics.
25% of Asians scored above a 1400 (96th percentile) on the SAT; no other demographic comes close
The American mind cannot comprehend that the largest stadium in the world was built for a new cricket team in Ahmedabad.
It has enough seating for the entire population of Dayton (134k).
@MattWallace888
Elon thought he was going to get out of paying $44B for a company that would be valued at far less today but Parag & team got him to pay an extra $15B… this story is far from over
Whoa:
@elonmusk
tried to take over OpenAI in 2018, saying they had fallen behind Google. When rejected, he reneged on funding it.
I did not realize
@sama
has no equity in the for-profit OpenAI- he said was already wealthy & didn't need it
Brilliant: NVIDIA hired Mythbusters in 2009 to explain how GPUs use parallel processing to render graphics more effectively than CPUs...
and they did it by painting the Mona Lisa in 80ms
A group of SV elite (Moritz, Andreessen, Hoffman, Collisons Jobs, etc) spent $800M acquiring land to create a new city in the Bay Area, one that would be “as walkable as the West Village.”
It’s a neat idea- the area is mostly uninhabited but close enough and with warmer weather.
TIL: 4 years ago, there was a WallStreetBets moderator who tried to reign in the YOLOness of the forum, with thoughtful posts about how to measure risk and reward.
Martin Shkreli
This looks like a post-apocalyptic scene from a Cinderella nightmare, but these faux chateaux are real!
It was to be a luxury housing development for wealthy Gulf tourists w/ 732 French-style chateaux, along with a shopping center, Turkish baths, cinemas, and sporting facilities
Funny and sad that the All-In guys are putting $ and their names behind the batshit crazy
@RobertKennedyJr
Watch the video. These are not serious people.
Friend invested $5k in DoorDash seed @ $7M val
Today that investment is worth >$6M...
rough numbers the company is worth 10,000x, but seed investors have taken 90% dilution, making their investment worth *only* 1000x
One of the best things about Berlin is that I can just order any draft beer without knowing anything about it and not have to worry that I might accidentally get an IPA
Dude had the handle
@x
And didn’t get 💰 when X stole it from him
“Mr Hwang said he had been offered some X merchandise and a meeting with the company’s management, but was not offered any financial incentive.”
Twitter users have no legal rights over their usernames
Hotel rooms should have a “sleep” switch next to the bed that closes the curtain (blackout), turns off all the lights, and turns on do not disturb for housekeeping.
Simple idea but I’ve never seen it.