Hello.
Yes, I went on yet another bender. Yes, it was a lot of fun. I highly recommend every one of you go to Mallorca, drive a Mini Cooper and go crazy. The roads are amazing and the island has mountains, blue beaches and italian style olive trees.
Predictably, I do not have much to write about. What I will do instead is to link to a few interesting things I found on the internet.
Read, enjoy:
Sequoia’s fawning profile on SBF. Because some things should not be allowed to be erased by simply deleting them from your website.
ChatGPT plugin store is up. As someone who used a couple of these plugins to design their travel itinerary - I can tell you - this stuff is really, really good.
Hindenburg created yet another potential “Saving Private Adani” moment for Modiji by releasing a report on Square/Block. That said, I don’t think that Dorsey’s gujju creds are strong enough to merit Modiji’s intervention…
Coinbase gets a Wells Notice. Wild west days of Web3 are increasingly coming to an end.
Twitter does not allow embedding of tweets in Substack anymore. Twitter also does not allow for mentioning of substack on Twitter anymore. Elon Musk is behaving remarkably like “Paisa aa gaya, class nahi”.
Speaking of Elon, a brilliant article on Elon Musk, Sam Altman and OpenAI. Again, the man is a tantrum throwing child.
A massive, 104 page presentation by Ben Evans on the state of tech. Takeaway: big tech companies are getting bigger and becoming the ultimate gatekeepers of the economy.
Battery Ventures’ very well researched report on Cloud Software Spends.
If you are worried about your job being replaced by AI - here is a research paper on what jobs are likely to be replaced. Takeaway - If you work with your hands, you are safe. I think I should do a refresher on welding, drilling and machining, just to be safe.
Redpoint has put together a great dashboard of open source projects by usage, retention and growth.
A funny take on Indexing. TLDR: Not being stupid is more important than being smart.
Housekeeping:
As always, I look forward to hearing from you. If you liked this post, pls feel free to share this or subscribe to this newsletter using the links below. While I have been tardy of late, I try to write a 1000-2000 word essay once every 4 weeks or so.