If you invested at the peak of the Nasdaq in March 2000, it would have been roughly 18 years before you were whole again: 15 years before the index reached the same point, plus another 3 for inflation.

Good cofounder > no cofounder > bad cofounder. This may seem obvious but a lot of people don't seem to grasp it.

Prediction: LLMs in their current form may not be able to do everything, but AI now has enough momentum that this won't matter. Beam engines couldn't do everything either, but they were enough to set off the Industrial Revolution.

It's easier to innovate when you're the original of something. People copying you can only copy a snapshot of your current state. They don't know which aspects of the snapshot are essential and which are random things you'd been about to change anyway.