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Raymond Plank founded Apache Corporation with just $250,000 in 1954. 50 years later his company was worth $50 billion.

Founders
2h ago

You can also argue it's a real excuse to say, "I don't actually have to learn anything. I don't have to go to college. I don't have to learn to be a negotiator. I don't have to work my way up. I can just say that God favors me and therefore I can do it all without putting in any hard work, which is really antithetical to what America has stood for until pretty recently."

14h ago

I think the thing I keep coming back to is that intelligence and energy are the two fundamental inputs to the universe, and if we have basically unlimited intelligence, we can hopefully also get to basically unlimited energy. And then, from those two things, you can just make so much.

1d ago

I think we're at the beginning of an era where we're going to be able to just have much more. And I think that the thing that I would most want people to understand is that technological progress is the main driver of that, and that we should think about how to accelerate it rather than slow it down, because the compounding effects of even slightly faster scientific progress are enormous.

1d ago

The thing that I keep coming back to is that intelligence and energy are the two inputs to wealth creation. And for most of human history, we've had a very fixed amount of each. But if we can take the cap off of intelligence — if we can have, you know, billions of agents running around solving problems — the potential upside here is just staggering.

2d ago

I think we're at an inflection point where AI will be doing a lot of the work, and the jobs of the future will be to figure out what we should build, what direction to point the AI, and how to verify that the AI has done the right thing. The people who do that best will capture an enormous amount of value.

3d ago

I think we are at the beginning of what may be the most transformative period in human history. The economic growth we've had over the past few centuries—which felt fast—may look very slow compared to what's coming. And I think we have a chance to lift a billion people out of poverty, to cure diseases, to solve mental health problems at scale, in ways that have seemed impossible.

4d ago

I think most people, if they reflect on it, would say, well, of course I want my children and grandchildren to have cures for diseases, cheap energy, and whatever, but somehow the actions that society takes show that we're way more focused on preventing downside than enabling upside. And I think that's a mistake. I think the expected value of the world is so much better if we can figure out how to build a world of radical abundance than if we just prevent bad things from happening.

5d ago
The Business of Tech
FTN Motion's electric ride

It's hard to imagine this, but back then there was no like e bikes within a thing lit alone electric motorcycles. So we put that thing together and started riding and around Pocacoli. It just turned a lot of hits like it was something new.

5d ago
The Business of Tech
FTN Motion's electric ride

It's really hard to build and assemble electric motorcycles in New Zealand. Ubco the Tahunger Company, found that out the hard way.

1w ago

The best business model in history is IP theft. A close second in terms of a pricing mechanism is 80% of the market leader for half the price. And DeepSeek and these Chinese open-way models claim they're 90% of the market leader for a third of the price.

1w ago

If I wanted to propose a grand synthesis for Americans to understand Shenzhen, it would be uh Detroit in its heyday of about 100 years ago to Silicon Valley today.

1w ago

Apple may have redefined patent law around 3G and 4G licensing, but fundamentally, it did not actually succeed in stopping its competitors with intellectual property lawsuits. So, you go from copyright to patent and now trade secrets, which is the third big intellectual property, and Apple's doing it again with OpenAI. My big question is whether OpenAI can just pay the money the way that Microsoft and Samsung were able to just pay the money.

1w ago
The Business of Tech
FTN Motion's electric ride

It's hard to imagine this, but back then there was no like e bikes within a thing lit alone electric motorcycles. So we put that thing together and started riding around Pocacoli. It just turned a lot of hits like it was something new.

1w ago
The Business of Tech
FTN Motion's electric ride

Rather than chasing a futuristic look like many EV makers, FTN Motion doubled down on nostalgia and craftsmanship, betting that riders want something that feels like a classic, not a gadget.

1w ago

90% of the US lives within 10 miles of Walmart. this incredibly large ecosystem and the idea of creating an independent company that is outside the four walls of Walmart backed by Walmart and backed by Rivet Capital to be able to acquire customers into a openloop financial services platform that can help customers manage their money holistically.

1w ago
The Business of Tech
FTN Motion's electric ride

It's really hard to build and assemble electric motorcycles in New Zealand. Ubco the Tahunger Company, found that out the hard way, so we look at exactly how FT and Motion is approaching that and the supply chain side of things, the cost structure of the business, and how they are trying to compete in a global market that is flooded with low cost electric vehicles.

1w ago

The biggest thing I learned from all of those experiences is that confidence really comes from preparation. Most people that I've seen fail in fundraising try to shortcut the preparation phase and just rely on the charisma and the story. The story's important, but you have to be prepared for anybody to punch holes in that story.

2w ago

Basically, your IPO is a branding event. once in a lifetime branding event. All people care about was that it was up. That gets enormous news. And essentially JP Morgan and Goldman Sachs are now really not bankers, they're engineers. And that is they engineer scarcity and manufacturer scarcity such that these things get 20%.

2w ago

The brilliant insight of the PDF was, nobody cares about the operating history of a company, they care about the story of the company. And the story of the company is best told in a document that you control, that you craft, that has beautiful graphics and beautiful fonts and compelling narrative.

2w ago

The bloggers at the time were people who were building these communities directly with their audience. I'd come from fashion and marketing and I was used to the top-down relationship with the consumer, and it was so exciting to see at the time all these street style women who were building this relationship with their audience and who were essentially the next generation of editors and the next generation of media properties and they just didn't know it yet.

3w ago

By summer of 2026, it will be as though the digital world is going through some kind of fast evolution with some parts of it emitting a huge amount of heat and light and moving with counterintuitive speed relative to everything else. Great fortunes will be won and lost here and the powerful engines of our silicon creation will be put to work further accelerating this economy and further changing things.

3w ago

The thing that I find most interesting about Etched is that they're making a bet that transformers are not going away. And the reason that's a interesting bet is that every other chip company has to hedge. Nvidia has to build a chip that runs all possible AI models, because they don't know what's going to win. Etched is saying transformers have won, and we're going to build a chip that only runs transformers, and by doing that, we can be so much faster and cheaper that it doesn't matter if we don't run other things.

3w ago

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