Simon Vans-Colina
@simonvc
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I make banks. CTO @pave_bank previously @monzo
1 au
Joined April 2007
I co-founded a bank where we built everything from scratch and launched it and also had 2 kids in the same 2 years.
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All i want is a box that can run 1T models at 2000 t/s and costs less than a house. Who's building this?.
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If you haven't watched both seasons of Pantheon and read Accelerando, you're not ready. #singularity.
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If governments want to tax options (exercised or "deemed exercised") or shares on private companies with speculative future value, they should do it by taking a portion of those shares/options as payment. Put them in a sovereign wealth fund. Align incentives with founders.
To be crystal clear - if the UK implements a wealth tax I am leaving. It is completely unmanageable as an entrepreneur to pay tax on unrealised gains. Any entrepreneur trying to raise money on an equity valuation puts themselves and their investors in danger of a massive tax.
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You should be able to pay your taxes on unexercised share options by remitting a portion of them to the state.
I figured out a better way of doing this: government gets a percentage of every new company at the incorporation stage. That equity goes straight into the sovereign wealth fund.
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VRam is the new reserve currency. A rtx 5090 w/ 32gb is 5270 sgd. 2x3090 and a new Ryzen +64gb ram is a lot less and has 48Gb
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RT @simonvc: Good Luck to @ethereum today. Pectra is a huge upgrade. If you're wondering what chain we <3 the most at @pave_bank , the clu….
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Good Luck to @ethereum today. Pectra is a huge upgrade. If you're wondering what chain we <3 the most at @pave_bank , the clues in our logo.
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Hey @AlboMP maybe get someone to look at this.
The Australian Border Force won’t stop searching me and my personal devices when I visit Australia. Despite being an Australian citizen, under Australian law, I have zero recourse to this continued flagrant invasion of my privacy. After two years of harassment I am publicizing
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Pro Tip: For certain modeling tasks, generating a Javascript/Canvas app via Gemini can be more time-efficient and yield more visually appealing results compared to building a spreadsheet.
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if you have a rare last name, there's this one weird trick you can do right now that will create value for your descendants for generations. 077995cb9bbb6dbf00110e5e82de124ced114643.
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All this to say, i think it'll be harder to pick winners (ideas, teams) heuristically in the future, now that there's also stochastic gamblers in the game.
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In the real world, it takes time before the Get Rich Slow strategy starts to pay dividends, companies usually hockey stick after a few years if they ever do.
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I think about this a lot, and recently i've started wondering if small hard working teams of coders are going to beaten often by solo vibe coders who get a lucky roll.
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The answer i think comes down to the marginal value of $1m for you. Jeff Bezos wouldn't stoop to pickup bills, he'd push the button. But someone with less net worth would be better off picking up bills.
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Both strategies have the same Expect Value ($500k). Which do you choose? , remember half the time the button pusher walks away with nothing where as the bill picker at least gets something, but the effort of picking up bills is much greater than just pushing the button.
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The game is setup (time limits and bill spacing) so that 50% of the time participants pushing the button will come out ahead.
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Imagine a game show where you can either pickup up money from the ground one bill at a time, or keep pushing a button that gives you a 1 in 1000 chance of getting 1 m. 🧵
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