Molly O’Shea (@MollySOShea) — posts, photos & videos

@sourceryy

15h

.@PalmerLuckey on the state of journalism:

"I wanted to be a journalist at one point."

"People have said, 'Palmer hates journalism. He doesn't want a free press.' It's kind of nonsensical."

"I don't really care if there's bad stories written from time to time by people who have never done anything that anyone will ever remember."

"Journalism attracts a certain type of person. They are people who want to be heard. They want their voice to be important. They derive importance from it. I say that as somebody who himself was pursuing journalism."

"The only difference between me and a lot of other journalists is that I got out and started doing things that actually matter."

"Unfortunately, there's a profit incentive and an ego incentive combined to twist the truth."

5:29

Palmer Luckey@PalmerLuckey · 16h

They are full of shit, and they know it.

We gave them the actual facts multiple times, their editors reviewed it, made minor edits that didn't actually correct the lies, then said they stood by the reporting and refused to correct it any further.

The whole thing is an op.

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@sourceryy

11h

USV GP Mike Mignano (@mignano) reacts to his old take:

“ARR is a fake metric.”

“It's easier than ever before to get somebody to pay for a product via subscription without knowing if they actually like that product.”

“A lot of the subscription plans are annual. A lot of the time you have to pay just to try the thing.”

“We try to look more often at the true usage retention of the product. How often are people actually coming back to this product & using it? Are they coming back every day? Every week? Do they churn out after a month?”

“That's probably a more telling thing to look at than just revenue retention.”

1:34

sourcery@sourceryy · Apr 22

ARR is a fake metric.

@mignano says some companies are "literally just taking yesterday’s subscription rate and multiplying it by 365.”

“It doesn’t say anything about the durability or quality of revenue.”

1:30

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Philip Johnston

@PhilipJohnston

13h

This was from 2 months ago. Up a lot since then!

sourcery@sourceryy · 17h

.@Starcloud_ CEO @PhilipJohnston:

"Buy SpaceX stock."

" The SpaceX IPO is going to be viewed historically as the most undervalued IPO of all time."

"They will tear through $10 trillion certainly within the next couple of years, and then have almost unlimited TAM for what they're building."

"I'm not regulated by anybody. So I'm going to tell people, 'Just buy SpaceX stock.' I think it's a great stock to buy."

"They own what will be by far the most cost-effective launch vehicle, and that opens up every industry in space that will be possible beyond that: asteroid mining, lunar resource mining, all of the comms businesses that are going to be built. Everything else is going to have to go through SpaceX."

"It's like owning the railroads. Lots of businesses will be built on top of it, like our business will be built on top of it."

"The railroads are a great business to own."

@elonmusk

1:08

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@MollySOShea

10h

“If you really want a simple way to bet on AI & not have to think about all this other stuff, just bet on energy.”

USV's Fred Wilson (@fredwilson) says energy is just 20-30% of their portfolio but it’s a “very levered bet on AI.”

0:24

BREAKING: USV Raises $900M in New Funds

$500M dedicated for early-stage, & a $400M opportunity fund

The largest fund cycle in the firm's history.

FULL INTERVIEW + HQ TOUR

For more than 20 years, Union Square Ventures deliberately kept its funds small.

I sat down with General Partners Fred Wilson (@fredwilson ), Rebecca Kaden (@rebeccakaden ) & Mike (@mignano), to break down why the firm is getting bigger now, what it's betting on, & where VC goes next.

Nick Grossman (@nickgrossman ), also a General Partner, was out of town for the recording.

@usv was early to Twitter, Etsy, Twilio, MongoDB, Coinbase, Duolingo & Abridge.

Their new thesis is that AI could obliterate entire markets.

"I was a little surprised how many of them said, 'Are you sure you shouldn't raise more?'" -- Rebecca Kaden

We cover
› Why USV raised $900M & why some LPs wanted it to raise more
› Series A checks now running $10M to $30M
› Supertake, USV's first incubation, & a seed strategy built around incubations + proprietary seeds
› The "Rebel Alliance" & the case for open AI infrastructure
› Why energy is 20% to 30% of the portfolio & one of the cleanest bets on AI

𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒
(00:00) Fred, Rebecca & Michael, GPs at USV
(01:12) USV's biggest fund ever: $900M
(02:13) TOUR: Inside USV's New York office
(07:19) An AI agent that runs your portfolio
(12:38) AI Agents won't watch Netflix for you
(14:00) USV's new strategy for the AI era
(16:54) The real cost of building in AI
(21:03) The fight over monetizing Twitter
(23:54) Why Amazon is shutting out agents
(31:02) Why smaller funds pick better
(33:40) What Series A looks like now
(40:17) Is ARR a fake metric?
(46:00) 20 years of USV's biggest wins
(51:10) Why great founders still fail
(57:46) Will Anthropic compete with its customers?
(59:54) Why Coinbase moved off Claude
(1:01:44) An AI doctor that writes prescriptions
(1:04:09) Your AI lawyer is the worst it'll ever be
(1:08:29) Who protects you from your own AI agent?
(1:11:58) Fred Wilson's been hacked 4 times
(1:13:31) Coinbase: a security company in disguise
(1:16:28) Betting on markets that don't exist yet
(1:21:16) From first-time founder to Suno

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@MollySOShea

14h

SpaceX's 1st employee Tom Mueller (@lrocket) on Starlink & SpaceX's "hockey stick" growth:

"All the naysayers said, 'There's no way they'll be profitable. They're going to crash.'"

"We're looking at it the other way saying, 'This will hockey stick the stock.'"

"Which it did."

0:40

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Nick Grossman

@nickgrossman

Oct 9

We are at a pretty incredible moment right now

A whole lot to build

Fred Wilson says *AI* is at the same point the internet was in 2003:

“The infrastructure was there. We had Google, Amazon, Yahoo & eBay, but we didn't yet have Facebook, Twitter, YouTube, or the iPhone.”

“We imagined that there were going to be all these new applications that would be built on top of what we now think of as ‘the web.’”

“The moment we're in right now reminds me a lot of that, except now it's AI.”

1:39

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@sourceryy

17h

1:08

Elon Musk@elonmusk · Oct 8

This will sound super crazy, but I see a path to SpaceX being worth orders of magnitude more than the current Earth economy

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@MollySOShea

16h

Earlier this week, I shared a rare John Collison (@collision) interview (w/o a Guinness)

He revealed his biggest lesson from building Stripe into a $159B company, processing $1.9T in 2025, over the last 17 years:

2:15

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@MollySOShea

Legendary VC Fred Wilson (@fredwilson):

“USV has now had over 10 early-stage funds & every single one of them has produced 2-3 really great companies.”

USV backed:
› Twitter
› Stripe
› Coinbase
› MongoDB
› Twilio
› Duolingo
› Etsy
› Indeed
› Abridge

“There are probably 20 or 25 companies that we've invested in over the last 20 years that I would consider to be extraordinary.”

“It's never a straight line to the top.”

“Twitter, now we know what it is—it's one of the most important pieces of media infrastructure in the world. When we invested, it was like 5-6 people.”

2:43

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@MollySOShea

Oct 9

This will sound even super crazier.. but I see a path to Sourcery being worth orders of magnitude more than the current Earth new media economy

Elon Musk@elonmusk · Oct 8

This will sound super crazy, but I see a path to SpaceX being worth orders of magnitude more than the current Earth economy

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@MollySOShea

Oct 9

Are we all totally f*cked because of incoming AI agent cyber threats?

“I have owned crypto assets for 15 years, & I've been hacked 4 times.”

“I still have 99% of all my crypto.”

USV's Fred Wilson (@fredwilson), whose firm led Coinbase's $5M Series A in 2013 & who still sits on its board, admits he's been his own biggest security risk:

“I've been stupid, & done things I shouldn't have done, & not had my crypto as secure as it needed to be.”

“I've learned the hard way, as most people in crypto have.”

2:16

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@sourceryy

USV cofounder @fredwilson says Coinbase’s CTO told him they stopped using Claude & built their own agent harness on an open-source product instead:

“Shopify has done the same. They were pretty loud about it.”

“I imagine many other companies where the CTO & engineering leaders look & say, ‘We can't just build everything on top of Claude.’”

“We have to have something that's more flexible that we can evolve with our needs.”

1:25

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USV

@usv

Fred with a little bit on what the path of a generational company looks like

2:43

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Matt Cynamon

@mattcynamon

LOOK MA! IM ON THE @MollySOShea SHOW!

85:14

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Andy Weissman

@aweissman