Here is the full letter Leopold sent to his LPs last night. Rumors of his demise are greatly exaggerated.↗

FULL INTERVIEW: @MartinShkreli breaks down the collapse of Leopold Aschenbrenner's Situational Awareness, and how Citadel capitalized on the liquidation. 01:00 Why Situational Awareness collapsed 03:00 SALP's 4x leverage, firms that were tapped to buy 08:00 Why Citadel did t…↗

.@tylercowen says the future belongs to teenage “AI maniacs.” “They spend their spare time mastering AI. They know way more than their so-called teachers. They’re starting companies and building models. They realize this is the future.” Cowen expects these young builders to cre…↗

Hedge funds are trying and failing to hire prediction market sharps. "We are just getting crushed by these sharps," said Susquehanna's Jeff Yass. @iscoe tells the story of a guy who's made 7 figures trading Rotten Tomatoes betting markets, and rejected an offer from SIG: "He s…↗

.@coatue_thomas describes how a meeting with Steven Spielberg eventually taught him how to pitch companies. "Steven said, 'Every great story can be pitched in three sentences, no matter what the story was.'" "In three sentences you got the whole movie. And what I realized is it…↗

BREAKING: @altcap says he's working with the White House and all the major AI players on an initiative that "would deliver a very tangible and profound dividend" to the communities where they're building data centers.↗

Gradient GP @darian314 is bullish on solo GPs, but only ones that raise sub-$50M funds. "I think that the sub-$50M solo GP is a great business. If you can raise the money, you can get allocation in rounds. You don't have to compete. It's when you get above $50M that it becomes r…↗

Sierra co-founder @btaylor says the era of web apps is over: "We made these databases, these systems of record in the 80s and 90s. And then as the web browser came out, we said, 'We're going to give you some forms and fields in the web browser to manipulate these systems of reco…↗

OpenAI Acquires TBPN x.com/i/broadcasts/1…↗

Alex Karp: "Everybody's worried about their future, but there are basically two ways to know you have a future." "One, you have some vocational training, or two, you're neurodivergent. And when I say 'neurodivergent,' I mean broadly defined." "It's really an inversion [for peop…↗

Introducing Claude with Ads Free access to Anthropic’s most powerful model, powered by ads. Try it now: claudewithads.com↗

We asked @joshuabrowder about his new $30M fund and investment heuristics. "We are seeing a rise of super-credentialism. Top VC firms are tracking high school math competitions." "Just because someone's good at math doesn't mean they make a good founder. The best entrepreneurs…↗

We asked @adityaag about the thesis of @southpkcommons. "We started SPC in 2016 with the simple premise that if you are a talented technologist, do not waste your life tacking small ideas." "Our first belief is that great companies come out of insanely high talent density wher…↗