MAGA !!! ...
Oh wait no, that's the 1992 Democratic Platform
Jamie Quint
4,497 posts
Jamie Quint
@jamiequint
GP @uncommon_cap. First round investor: @hellofora, @joinyendo, @AntaresNuclear, etc. Past: Early Growth/Monetization @Mercury @NotionHQ @Reddit. YC W08.
San Francisco, CA
Joined March 2007
- An explainer on what is going on with Silicon Valley Bank: - In 2021 SVB saw a mass influx in deposits, which jumped from $61.76bn at the end of 2019 to $189.20bn at the end of 2021. - As deposits grew, SVB could not grow their loan book fast enough to generate the yield they
- Replying to @JulieChangREThe husband's dad basically invented real estate securitization, starting the first real-estate mutual fund, the precursor to REITs His dad's company, which he retired from in 2016 is publicly listed on the NYSE and has a $3.6bn market cap. No wonder his son is in real estate.
- Replying to @LeeHepnerMaybe people should get to decide for themselves what wages they're willing to work for or not work for, rather than the state dictating that for them.
- I want to meet the PM at Peloton who thinks that the first thing I want to do every time I go to ride my bike is to do a software update. Did anyone think that asking you to update the software after your ride might be less dumb? Seems pretty obvious ...
- Everyone is shitting on A16Z's "slop" deals right now, meanwhile the $40-50m or so they put in the Cursor A 15 months ago is now marked at somewhere around ~$2-2.5bn.We've raised $2.3B in Series D funding from Accel, Andreessen Horowitz, Coatue, Thrive, Nvidia, and Google. We're also happy to share that Cursor has grown to over $1B in annualized revenue and now produces more code than any other agent in the world. This funding will allow
- A top 10 VC fund literally sent interns to meet one of our top portfolio companies that is raising. No principals, no associates, interns. Seriously?
- If you get auto-reply OOO emails from early-stage founders. Very bad sign.
- Replying to @petergyangCompanies blowing money inefficiently isn’t “nice” for anyone except the overpaid employees. Also, his net worth is completely orthogonal to the point he is making (which he is correct about).
- Replying to @daniellgoldsteiBezos doesn't pay tax because he doesn't sell assets, but rather borrows against them. Tax loans against assets and apply it as a credit agaisnt future sales of those assets and you solve this loophole. Wealth taxes are immoral, difficult to implement, and bad for the economy.
- Replying to @imjakesamuelsonFor each $1bn they put in they will get that amount plus ~1.56% annualized interest out eventually, but the MBS is currently marked at something like 80-85% of cost basis due to the fed rate. If deposits drop substantially they become forced sellers they will take a loss on it,
- All of the coffee shops within walking distance of my house are closed for indoor dining in a city with 90%+ vaccination rates for a variant that puts fewer vax’d people in the hospital than the flu. Can we please stop being terrified for no reason and get back to normal life.
