just like we're seeing price appreciation for GPUs.. an asset class that historically depreciates, we're going to see appreciation on self driving cars for some time

the moat is the moat the bottleneck is the bottleneck few understand this.

I'm a skeptic of GPU indices and compute futures. We haven't seen digital infra trade like a commodity yet, and I'd hate to see these go the way of bandwidth futures in the 90s. The indices are meaningfully off of actual clearing prices because hyperscaler and lab purchases are highly confidential deal terms. Fungibility is great in theory not in practice. Any hedge fund / scale user knows the value of a cluster has too many dimensions to reach fungibility from cluster to cluster: specific fiber paths, shell, geo, BOM, the 10 different operators in the supply chain, and a thousand+ more variables. If it works, we'll surely use it but until then we're building something else

I’m glad we live in a world where an op is obvious to everyone. A few years ago, this was not the case at all. Good on @DavidSacks @beffjezos @travisk to speak out..

3 years ago, @paulg told me not to build a startup. I had just started YC, had my son 2 weeks prior, and was trying to make it work in every way I could. Just 9 months after an unexpected pregnancy, 1 year after quitting my job. I asked him “What are your thoughts on building a family and a startup at the same time?” his candid response “Don’t do it” Well 3 years later it’s crazy to think that last month we surpassed our 2025 revenue, and this week we essentially doubled it. I saw my dad experience the boom bust on the dot com infrastructure build out at an early stage startup, tens of millions raised, little to show for it. Just stress and illness. I made a decision not to make the same mistake. We’re on pace to do a 100M this year, with only 2M raised, and 12 incredible teammates. Personally I’m here to secure my family’s future and ensure infrastructure and intelligence are not concentrated to a select few, paving a way for a future for my son and upcoming daughter that looks more like heaven than hell. Generally, I shy from these posts, but we need our story told and credit where it is due, and we’ve been boosted by incredible people and partners like my wife, @Cholical , our team, @nvidia , @nebiusai , @digitalocean, and more - and this market needs to know why we’re here and who we’re building for.

“Blessed are those who are persecuted because of righteousness,     for theirs is the kingdom of heaven.”