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Cake day: June 30th, 2023

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  • I don’t agree with this statement. I think “intelligence”, however you define that, has fit pretty cleanly to a Gaussian distribution since the dawn of man. If anything, I think advances in nutrition, preventative healthcare, and access to information has driven pretty significant negative skew. I don’t have anything to back up this claim, but my guess would be that median intelligence has actually increased - it just may not seem as such since the population continues to rise, so the raw number of dummies seems overwhelming.

    But hey, who I am to define what’s smart? Maybe an inflatable hot tub, 30 rack of Busch, RAM 1500 on an 84 month note, zero turn mower, DirecTV with Fox News and the funds to pay for it all is the real secret to a happy life. I’m just someone blabbing about nothing with a bunch of Reddit exiles.




  • Super shilly comment incoming, but YouTube Premium is maybe the only subscription I pay for (other than Game Pass) that I think is worthwhile. I was also blown away by how much I like YouTube Music. Don’t get me wrong, I’m fully anticipating the platform to race to the bottom and go to complete and utter shit, but for the time being, I think it’s solid.












  • Others have basically captured it, but my read is a massive change in the overall risk profile held by venture capital firms. The time of reckoning has come, and it’s time for everyone’s (or at least VCs’) favourite three letters: ARR (Annual Recurring Revenue).

    The last twenty years, we’ve seen this sort of spray-and-pray model, where 99 bad investments could be offset by 1 “unicorn”. The risk appetite seems to have shifted largely because 1.) there’s a higher volume of early stage concepts (so there’s more bad ideas), and 2.) there’s either fewer unicorns, or the unicorns that mature are ultimately less valuable.

    Crunchbase put out a good analysis of the current trend of global venture dollar flow:

    The Party’s Still Over: The VC Downturn In 6 Charts

    You can read news from various outlets - some say it’s a post-pandemic correction. Some say it’s because labour is too expensive. But the bottom line is that VCs aren’t willing to spend money on “users-in-lieu-of-revenue” like they once were, and I honestly don’t blame them. There were a lot of really, egregiously stupid ideas coming out of SV, and their wax wings melted. sad_trombone.mp4

    Adam Kotsko summed this entire phenomena up nicely: