Sitemap - 2025 - Cautious Optimism
Crypto Rises, Agents Drop, Factories Hum
7 Thoughts About Substack's $100M Series C
Uber is getting back into the self-driving game
Dispatches from the earnings trenches
What's up with datacenters? And the Three Horse Race
All the AI circus you can fit in a single tent
Economic Calendar for the Week of July 13th
Who’s raising, IPO updates, and what company is buying Grok?
The "Kill Chrome Olympics" Has Started
We may have reached an early AI usage peak
Ambiq’s IPO is good fun, and 7 Q2 '25 VC data points
Economic Calendar for the Week of July 6th, 2025
High-cost AI is potentially bullish
Inside the guts of Figma's S-1 Filing
Your local bodega owner is safe for now
Economic Calendar for the Week of June 29th
What did Meta buy? A person? A dataset? A capability?
Economic Calendar for the Week of June 22nd
Circle’s valuation is getting nutty
The robotaxi wave is catching speed
Economic Calendar for the Week of June 15, 2025
Diverging AI bets detail two-lane future
The LLM wall, Chime's IPO and is it robotaxi week?
Economic Calendar for the Week of June 8, 2025
Yes, there are other things to talk about
Circle’s IPO Makes Tech IPOs 3 For 3 This Year
Ok, but what about the spying?
Samsung-Perplexity and the Google Question
Economic Calendar for the Week of June 1st
How to lose $7.5M a day for more than a year
Salesforce spending austerity has ended
The first company with no employees wins
Happy Birthday to Cautious Optimism
Klarna IPO Update: A Mix of Good and Hmm…
Economic Calendar for the Week of May 18, 2025
Building a hyperscaler isn’t cheap
Chime’s Road to IPO: Growth Holds, Margins Improve, and Losses Slowly Fade
Economic Calendar for the Week of May 11, 2025
Y Combinator wants full-stack AI Companies
Here’s a win of sorts for the tech-right
The M&A size premium is still falling
OpenAI solves its internal crisis, snaps up Windsurf
Economic Calendar for the Week of May 4, 2025
Trump hits out at Harvard, might smack VCs instead
All that spend and Meta is still GPU poor?
GDP down, employment growth down, inflation up
Will the tech-right survive Trump 2.0 as a political unit?
Economic Calendar for the Week of April 27, 2025
Alphabet’s AI earnings bonanza
Economic Calendar for the Week of April 20, 2025
Windsurf. Do the deal. But at $5B, not $3B. Sam can afford it.
This newsletter is now called "DEV MODE" 🤪
Can you secondary your way to top-decile DPI?
Everyone but Meta gets a breather
Economic Calendar for the Week of April 13, 2025
In wake of tariffs, Europe backs its AI industry
RIP the liquidity cycle: born Q1 2025, died Q1 2025
Economic Calendar for the Week of April 6, 2025
We just shot our own foot, reloaded, and shot the other
X + xAI = a16z, Fidelity, Kingdom Holdings, Sequoia Capital
Economic Calendar for the Week of March 30th
CoreWeave's IPO disappoints, inflation comes in hot
Everyone wants a piece of the stablecoin boom
Thoughts on the TechCrunch sale
Economic Calendar for the Week of March 23, 2025
The CoreWeave-OpenAI-Microsoft drama explained
CoreWeave sets IPO price range at $47 to $55
The AI Factory model of the future
We underestimated how much corporate America hates paying developers
Rippling's suit against Deel is wild
Five takeaways from Klarna's IPO filing
Economic Calendar for the Week of March 16, 2025
Can I borrow your life's work? It's a matter of national security!
Do today’s best startups need venture capital?
Closed-source AI models are doing pretty darn well
Crypto Cope and the Curve of Software Jobs
Economic Calender for the Week Of March 9, 2025
I scream, you scream, we all scream for exit liquidity!
Economic Calendar for the Week of March 2, 2025
Is Stripe expensive, or is Adyen cheap?
Nvidia makes gains on rising inference demand
Without AI, are startups crawling?
I was told there would be rate cuts
Economic Calendar for the Week of February 23rd
I thought we liked free markets
What happens if you pause growth, invest in AI, and relaunch?
Small startups, doing too much to stop too little, and Chinese tech waking up
Economic Calendar for the Week of February 16th, 2025
How soon until we can afford robot butlers?
Defense funding, Lyft earnings, inflation data, and the sad state of IPOs
Sailpoint’s lonely IPO accelerates
Bonjour, je suis un modèle IA français!
Economic Calendar for the Week of February 9, 2025
All Fear The Cloud and Twitter Financials
Do you want to pay startup prices for public companies?
How much capital can startups profitably eat?
Well, there goes the neighborhood
Let's just value OpenAI at infinite money and be done with it
Earnings, capex, and models, oh my!
I, too, am terrified of better, faster, and cheaper AI models and services
Chinese AI is crushing tech stocks
Economic Calendar for the Week of January 26, 2025
Industry over caution in new Crypto Executive Order
What's a half-trillion between friends?
Economic Calendar for the Week of January 19, 2025
Rockets go up, learning Mandarin, and the good news for SaaS
At 25x ARR, why is Cursor so cheap?
All aboard the quantum rollercoaster, and reaching peak child under capitalism
The fight for global AI supremacy, and Steve Bannon versus the Tech Right
Thus ends my Twitter addiction
My most conservative beliefs: Price controls suck and Federal deficit matters
US AI investment is world crushing
It’s good business, but knee-bending is gross
Economic Calendar for the Week of January 05, 2025
It's power laws all the way down
Answering our 2024 questions, and charting a bright path into the New Year