@Jason @saylor Vitalik visited Network School a few weeks ago. We spoke about startup societies, prediction markets, and the future of Ethereum.For the full episode with @VitalikButerin:📺YouTube: https://t.co/MUElE4xeI9🔊Spotify: https://t.co/FcrGZaOxez🍎Apple: https://t.co/TsHFBrliKN https://t.co/RaVp6iaNJD ...

@Jason Saylor and I review his digital assets framework, starting with Bitcoin.For the full episode with @saylor:📺YouTube: https://t.co/ZtQESG2aWB🔊 Spotify: https://t.co/FbgFSuG37W🍎Apple: https://t.co/hmPIyPCdej https://t.co/piGC5aAxo7 ...

Bitcoin is hitting all-time highs.And the Network State Podcast is back.All new season featuring:- Michael Saylor- Jason Calacanis- Vitalik- Jeremy Howard- Benedict Evans- Claire Lehmann- Coinbase Base- Lightspeed- and SolanaTrailer and links to all episodes below. https://t.co/vQJ2FMJsOc ...

AI Agent Application - AI agents are more suitable for frontend code, API interactions, data analysis, and prototyping [1] - AI agents are less suitable for domains requiring high context, backend code, and iterative development [2] - AI agents are effective for "shallow" layers of applications but risky in "core" areas needing high context and low error rates [3] AI vs Human Coding - Using AI agents can be slower than coding directly, especially when prompt writing and code review take more time [1][2] - Code directly when the domain is well-known, requires high context, or needs iterative refinement [2] Heuristics for AI Agent Use - Frontend over backend [4] - Reads over writes [4] - Shallow over core [4] - Prototypes over production [4] - Starting vs maintaining [4] - Error-tolerant domains over error-intolerant [4] - Visual output over financial [4] - Low-context over high-context [4]

Regulatory Impact - Regulations are often marketed as increasing competition, but usually reduce it [1] - Regulations boost the cost of doing business, favoring large corporations (bigcos) [1] - Bigcos then get cozy with big government agencies, causing regulatory capture [1] - Regulatory capture blocks out startups [1] Proposed Solutions - Suggests the FTC should model the real-world effects of proposed regulations before implementation [1]

The main error is: people think anti-acquisition regulations harm Big Tech.But they actually harm startups more, by cutting off exits and thereby reducing money for investment!When a bigco can't surrender to a startup, it fights to the death.https://t.co/hYJdolgIEzBalaji (@balajis):Remember, big tech did clean M&As for years.So what changed?It was the Biden-era regulatory assault.The most recognizable face was Lina Khan at FTC.Though to be fair, it's now an international affair.And it's also been continued ...

Remember, big tech did clean M&As for years.So what changed?It was the Biden-era regulatory assault.The most recognizable face was Lina Khan at FTC.Though to be fair, it's now an international affair.And it's also been continued by the current admin.Because Trump 2 is pro-crypto, but anti-Big Tech.And you know what? I get it.Big Tech did back wokes and censor citizens.But big M&As aren't really big wins for bigcos.They're more like surrenders.They signify that big tech couldn't build, so had to buy.And each ...

TLDR: Windsurf employees may well get their exit, if remaining management just executes the dividend.After looking into this, I think the original intent was for that $100M+ cash balance to indeed be used to give employee distributions via a dividend. It corresponds very closely to the unvested equity number.But due to the legal overhead that attends any Big Tech acquisition nowadays, the founder was muzzled and couldn't say this outright. He could only say "dividending out the balance is an option."So: the ...

Founders are resourceful, but not omnipotent.The FTC blocked the Figma and Adobe acquisition, in a random and illogical way, and the fallout from that has distorted M&A. It’s similar to Sarbox distorting IPOs. https://t.co/F4B0OdHYHo https://t.co/bLBgtLJX40Jerry Jiang (@TheMingjie):@balajis Why all the blame for Lina Khan?If founders want to, they can always find a way. ...

From a well-known investor I know:“Saw some people claiming common doesn’t get paid in the Windsurf acquisition. They are wrong, you are right. I checked with Windsurf investors, everyone is getting paid, including common.The one wrinkle may be employees who aren’t vested. And preferred may be taking a disproportionate tax hit, because it doesn’t qualify for QSBS, just like Scale didn’t qualify.”Caveats: I haven't seen the waterfall myself, and these deals are complicated, and I don't like to get involved i ...