trump just signed an executive order "paving the way" for private equity, venture capital, and crypto companies to loot americans' 401k retirement accounts
#vc
3 posts3 participants0 posts today
Replied to Nonilex
@Nonilex for those looking to understand what kind of person Kyle Samani is:
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@blogdiva @sarahtaber @sidereal
Referring to the Newsom item about venture capitalists for Kamala pushing anti progressive policies, it strikes me that 1) people think in terms of finite pies and 2) don’t really understand economics. I believe this is why these same Thiellites can’t relate to art unless it makes money.
#VentureCapitalist #VC
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This is the Silicon Valley “startup” model. Startups are not long-term sustainable businesses or small businesses. A startup is a temporary business designed to either grow exponentially and exit (sell) or to fail fast.
A little reminder that DuckDuckGo is venture capital (VC) funded.
The way VC works:
1. You get VC
2. You grow as fast as you can (or fail fast)
3. You sell (either to a larger corporation or to the public in an IPO; this is called the “exit”)
(In case any of you are surprised by recent/future developments.)
Moorpark Us101 N / Wendy Dr **Report of Fire** 8:19 PM #CHP #VenturaCounty #VC
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I'm the #CEO of a multi million dollar #VC funded #startup. Due to the #Pareto Principle, which tells me we only need 20% of people for the second 80% of the result, I have deducted that we can fire 80% of our employees. #quickMaths
I don't hang out on #Bluesky and I'm all in on the #Fediverse, but I have to admit that when I occasionally go over to Bluesky to see a thread that somebody has linked here or that was bridged here via #BridgyFed, I find that the comments on the thread tend to be quite good.
There's definitely an early-Twitter-before-it-turned-to-shit vibe to it.
Mind you, I don't think it will last, because everything backed by #VC eventually eventually enshittifies, but right now, it really is pretty good.
Ventura 0 Sr33 **Report of Fire** 5:15 PM #CHP #VenturaCounty #VC
Moorpark Us101 S / No Conejo Scales **Car Fire** 1:21 PM #CHP #VenturaCounty #VC
“We’re building services that improve the personal computing experience by understanding your unique context and taking action at your command. When you use our services, you’re trusting us to handle your personal data.”
A VC-backed startup with Sam Altman as their lead investor* wants the keys to your Mac.
Yeah, no.
* https://www.crunchbase.com/funding_round/software-applications-incorporated-seed--db0eafa1
#AI #privacy #Sky #SamAltman #startup #VC #BigTech #surveillance #capitalism #mac https://mastodon.macstories.net/@viticci/114586346228814327
What a shitty time to be alive 
« #BlackRock is Suing #UnitedHealth for Giving “Too Much Care” to Patients After the CEO was Murdered »
Medium · BlackRock is Suing UnitedHealth for Giving “Too Much Care” to Patients After the CEO was Murdered
#VC giant #InsightPartners confirms investor data stolen in breach
Someday, I hope to carve out time to go through this program. If you've got time now, get your application in before May 16, 2025. ( #vc #venturecapital ) https://siliconflorist.com/2025/05/05/applications-open-for-next-cohort-of-rogue-women-venture-fellows/
Portland startups, tech, news, events, jobs, and community · Applications open for next cohort of Rogue Women Venture Fellows
More from 
Rick Turoczy
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Other club owners, besides #DonaldTrumpJr, include Zach & Alex #Witkoff — the sons of #Trump’s #MiddleEast envoy #SteveWitkoff — & #OmeedMalik, who leads #1789Capital, a Florida-based #VC firm that recently *hired* Donald Trump Jr as a snr exec. The investments for 1789 Capital have included companies such as #Plaid, a #DigitalFinance firm that had lobbied the #CFPB related to a new set of banking rules—until Trump’s team effectively shut down the agency & stalled enforcement of the #regulation.
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I don't share the author's sentiment that this is good.
LLMs are an incredibly inefficient way to poorly mimic some aspects of cognition. The market seems to agree, in that there aren't any important use-cases for the technology to date.
Nonetheless, investors are extremely excited about making large numbers of people redundant via AI, so anything that might indicate progress in that direction is guaranteed funding.
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Meanwhile rumours have been swirling that Tesla board members quitely started searching for a new CEO.
The company is of course denying it, but as the old adage goes "buy the rumour, sell the news", imo this is exactly what I'd expect to see if the board were going to attempt to take Musk out of the CEO position.
Keep protesting, it's working.
TechCrunch · Tesla's board reportedly sought a successor while Musk wheeled around Washington | TechCrunchAccording to a new, brow-raising WSJ report, Tesla's board quietly began searching for Elon Musk's potential successor about a month ago, approaching
Ventura Sr1 / Mugu Rock **Mud/Dirt/Rock** 8:31 AM #CHP #VenturaCounty #VC