
Family first. @PeoplesLeagueX @AskBillyBets Mega Labs. Previous @thuzio @juliusworks @knightsofdegen. Creator eco, sports, AI, crypto...NYG expert.
New York, NY
Joined June 2009
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YouTube is the most important thing to happen to golf since Tiger Woods. Creator golf is a $1B industry it just don't know it yet... My thoughts on the category and why I'm so happy to be building here with @PeoplesLeagueX. linkedin.com/pulse/youtube-m…
Renewed product from a great entrepreneur 👏
Big day today. I’m announcing SocialCrank, the spiritual successor to SocialRank, 12 years later.
Coming for X, Instagram, TikTok and more.
You can request early access here: socialcrank.ai
Quick thread on what we’re building with @SocialCrankai and why I think it matters. 🧵
Hard pass on progress and economic development
Thank you for your leadership, @GovKathyHochul.
A data center moratorium gives lawmakers time to put strong protections in place and guarantee AI benefits all of us, not just a powerful few.
Wake up NYC
My official statement on the budget, as read in chambers this evening, before I was muted:
"I’ve been a member of this city council going on five years now. And I’ve voted yes on the budget every year so far. All of them had problems. All of them contained things I didn’t like or agree with. But I’m not here to demand perfection, I’m here to work with what we have — within reason.
Unfortunately, this year is very different. And I must vote no.
Even in the context of our dysfunctional city government, this year’s budget represents a complete departure from reality, spending more money than we’ve ever spent — precisely when we can least afford it.
We have never seen a larger single-year increase in spending in the history of this city. Requiring not only new taxes from Albany, but pension deferrals and an eight billion dollar bailout from the Governor. And even still, the revenue projections are optimistic at best.
This isn’t a ‘balanced budget’ — it’s budget by bailout. A ticking time bomb.
And it’s the beginning of a fiscal death spiral that our current leadership will not be able to pull us out of, because they lack both the experience and the seriousness to do so.
What will we do next year? And the year after?
The only responsible way for our city to spend more is to grow the economy. New businesses, new private economic development, major investment. That’s how you grow an economy, and get more money into the city budget.
But we’re doing the opposite. Deliberately chasing away everything our city needs to sustain our spending with childish political attacks on very people we need most.
Our tax base is isn’t growing. It’s leaving.
The middle class, the financial sector, and businesses of all sizes are choosing to go elsewhere. And they’re being replaced with low-income foreigners and transplants who require significant subsidies just to survive here.
We’re trading investment banks and small businesses for delivery app drivers on welfare, and nonprofit workers whose paychecks ultimately come from government spending. That isn’t growth.
And when ordinary New Yorkers complain, they’re told to shut up and leave if they don’t like it. And that’s exactly what many are doing.
This is obviously unsustainable. But nobody in this chamber really seems to care.
And what are we getting for our money? We already spend more in real dollars AND per capita on everything from schools to housing to healthcare than anyone else in the country.
We can’t even build a public bathroom for less than three million dollars.
Why would anyone believe that shoveling even MORE money into this broken system will improve anything?
It won’t. I guarantee that we’ll all be sitting here again a year from now, with the exact same problems, listening to the exact same lectures about how the city needs even MORE money, AGAIN.
At what point do we, as a City Council, start to demand results before we allow more spending? When do we demand accountability?
The answer seems to be never. Because this spending isn’t really meant to fix anything. It’s meant to keep the machine going, keep the money flowing into the special interests and nonprofits and the political allies of the Mayor, with no real consideration for anything else.
I realize a lot of people don’t want to hear this, but we are a municipal government, not a sociology experiment or a political slush fund or the United Nations.
We are here keep the lights on, keep the water running, pave the roads, and put criminals in jail. That’s it. And we would be very well advised to get back to basics. Because we’re failing on nearly every count, other than our peerless ability to hand out free money.
Shame on this Council for pretending this budget is anything other than a disaster. I know that my single vote ultimately doesn’t matter here, but nonetheless I won’t put my name on it. I respectfully vote no."
Congrats to @experiencecosm and @JebTerry. Extraordinary.
💰 Sony Pictures Entertainment is making a $100M investment in @experiencecosm and taking a minority stake in the immersive venue operator, which screens live sports in LED-dome theaters.
Smart
A reimagined PGA TOUR is on the horizon.
Promotion, relegation, match play ... where the world's best compete.
A fan-first model designed to deliver compelling golf with heightened consequence. pgatour.com/article/news/lat…
The sneaky worst regulation there is. Destroys natural supply and demand for deals and investors. Creates a fictitious line for who can and can’t make investment decisions on their own. Stunts innovation. Let people innovate. Let people raise money. Let people invest. Get out of the way.
I think it’s time to revisit the accredited investor laws in the US.
Companies are staying private longer, where only accredited investors (aka rich people!) can invest. Retail investors can only come in after IPO, when much of the upside has already been captured.
These rules were created with the best of intentions, to protect regular people from scams - a noble idea. Unfortunately, in practice they've often made it illegal to get richer, unless you're already rich. A regressive tax!
We have to judge policies based on their outcomes, not on their intentions.
These are two possible routes I see:
1) Replace the rule with something merit-based, like a financial literacy test. Pass it and you're accredited. Having a qualification based on competency rather than your bank balance or income seems far more fair.
2) Remove the rule entirely. Let consenting adults assess their own risk. Disclosure requirements stay and fraud enforcement stays to punish bad actors.
Historically it has been challenging to raise venture for events businesses. “Not scalable”. Love this new shine.
The IRL connection economy is a $400B+ market.
And companies are racing to own it.
In the last 6 months, $800M+ in capital was deployed on "IRL" bets.
@Tinder invested $60M into a new Events feature for connecting matches in-person. They're pivoting to IRL and offering experiences such as speakeasies, raves, and pottery classes.
@222place: raised a $10.1M Series A to curate blind social experiences for Gen Z. Personality-matched groups sent to hyperlocal nightlife events.
@JagermeisterUSA launched BestNightsVC - the only venture fund in the world dedicated solely to nightlife and IRL connection. 16 portfolio companies across 4 continents.
@timeleft: dinner with 5 strangers, every Wednesday. €18M ARR. 6,500 dinners/week across 200+ cities.
Dion: members-only social app where the first move is buying someone a real drink, redeemed IRL. 10K members, 30K+ on the waitlist founded by @revekkapal.
Pie: Bonobos founder @dunn built an IRL friendship app. $24M raised. 130K+ MAU.
@weroad_official: group trips for 20-30 year olds who don't know each other beforehand. $150M valuation.
Matchbox: is an algorithm-powered matching platform for IRL events and has powered over 100,000 connections. founded by @liamjmcgregor (prev @MarriagePact)
New dating apps like Known @Celesteamadon, Cerca @MylesCerca, and Ditto @AllenWangzian are aiming to improve connection amongst young people.
Billion-dollar companies are paying $$$ for community and events leads:
- @AnthropicAI: Marketing Events Manager ($255k)
- @tryramp: Community Manager ($223k)
- @tryramp: Events & Culture Manager ($181k)
- @duolingo: Senior Community Manager ($193k)
- @NotionHQ: Community Programs Lead
Everyone knows the more time we spend online, the more valuable real-life connection becomes.
The question isn't whether IRL wins.
It's who facilitates it best.
Too cute @jacksettleman




























