ricardo

Nearly 1000 Waymo rides, doesnt matter the price, Waymo is the most inspiring technology i can use everyday

paradigm is hosting a LAN party next Friday 8/28 in SF. 5v5 league, smash, halo and more. we have some spots open, DM your most impressive video game stat for an invite. glhf

Paradigm hosts a lot of events. Almost all are behind the scenes.

We're hiring an events leader to help architect and execute the gatherings where technologists, researchers and builders shape what's being built on the frontier of technology.

High taste. High agency. Ownership. Team player mentality. If that's you, DM me a few sentences capturing your approach to events and apply below.

jobs.ashbyhq.com/Paradigm/0ff72…

Poland has found an unlikely celebrity in Edward Warchocki, a Chinese robot equipped with locally developed software that has debated politicians and chased wild boars off the streets of Warsaw. ft.trib.al/iIMGy1q

Four years ago, we started @eldoradoio to fix one thing: moving money across borders should be as easy as sending a message.

Today, I'm proud to share that El Dorado has raised a $9 million Series A led by @paradigm, with participation from @cbventures and @VerdaVentures.

two friends used AI to clone Epstein's Gmail

it's been used by over 150 million people

and it was built in just 5 hours – here's how they did it

we're making @blocks smaller today. here's my note to the company.

####

today we're making one of the hardest decisions in the history of our company: we're reducing our organization by nearly half, from over 10,000 people to just under 6,000. that means over 4,000 of you are being asked to leave or entering into consultation. i'll be straight about what's happening, why, and what it means for everyone.

first off, if you're one of the people affected, you'll receive your salary for 20 weeks + 1 week per year of tenure, equity vested through the end of may, 6 months of health care, your corporate devices, and $5,000 to put toward whatever you need to help you in this transition (if you’re outside the U.S. you’ll receive similar support but exact details are going to vary based on local requirements). i want you to know that before anything else. everyone will be notified today, whether you're being asked to leave, entering consultation, or asked to stay.

we're not making this decision because we're in trouble. our business is strong. gross profit continues to grow, we continue to serve more and more customers, and profitability is improving. but something has changed. we're already seeing that the intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company. and that's accelerating rapidly.

i had two options: cut gradually over months or years as this shift plays out, or be honest about where we are and act on it now. i chose the latter. repeated rounds of cuts are destructive to morale, to focus, and to the trust that customers and shareholders place in our ability to lead. i'd rather take a hard, clear action now and build from a position we believe in than manage a slow reduction of people toward the same outcome. a smaller company also gives us the space to grow our business the right way, on our own terms, instead of constantly reacting to market pressures.

a decision at this scale carries risk. but so does standing still. we've done a full review to determine the roles and people we require to reliably grow the business from here, and we've pressure-tested those decisions from multiple angles. i accept that we may have gotten some of them wrong, and we've built in flexibility to account for that, and do the right thing for our customers.

we're not going to just disappear people from slack and email and pretend they were never here. communication channels will stay open through thursday evening (pacific) so everyone can say goodbye properly, and share whatever you wish. i'll also be hosting a live video session to thank everyone at 3:35pm pacific. i know doing it this way might feel awkward. i'd rather it feel awkward and human than efficient and cold.

to those of you leaving…i’m grateful for you, and i’m sorry to put you through this. you built what this company is today. that's a fact that i'll honor forever. this decision is not a reflection of what you contributed. you will be a great contributor to any organization going forward.

to those staying…i made this decision, and i'll own it. what i'm asking of you is to build with me. we're going to build this company with intelligence at the core of everything we do. how we work, how we create, how we serve our customers. our customers will feel this shift too, and we're going to help them navigate it: towards a future where they can build their own features directly, composed of our capabilities and served through our interfaces. that's what i'm focused on now. expect a note from me tomorrow.

jack

The story of 3G Capital involves Roger Federer, Sam Walton, and Warren Buffett. It includes the biggest beer company on earth, the biggest footwear deal in history, and a ketchup bottle with Charlie Munger's face on it.

It also involves accusations of 'chainsaw capitalism,' CEOs driving freight trains, and billion-dollar companies being handed to kids in their twenties.

Buffett called it the best management culture he'd ever seen.

But, until now, the story behind the culture has never been told by the people who carry it forward. In truth, 3G would prefer you had never heard of it.

The firm began in New York in 2004. But the real story starts in the seventies, off the beaches of Rio de Janeiro, when Jorge Paulo Lemann bought a brokerage for $800,000 and built a model for running businesses unlike anything else in Brazil.

The model has since produced the biggest investment bank in Brazil, the world’s largest brewer, the third-largest restaurant company, and turned hundreds of employees into multimillionaires.

In 3G Capital, it has also produced a rare kind of investing partnership, one where each fund holds exactly one company, the partners are the largest investors in every fund, they work the businesses themselves, and they have never lost money on a deal.

Almost everything written about the firm notes that managing partners Alex Behring and Daniel Schwartz did not respond for comment.

For Colossus, they sat for hours of interviews at their Manhattan office.

@domcooke tells the full story of how this secretive firm with fewer than 30 employees has built some of the world's biggest companies.

this is a really great test for AI tool proficiency, since it requires working with long-running tasks, multi-step reasoning, tool use and iterative debugging.

here's a leaderboard for it if you want to enter the arena:

We cloned Amazon, except it's Epstein's order history

historical

We cloned Google Photos, except it's Epstein's camera roll

found a pretty major data bug

it turns out almost every major dashboard has been double-counting Polymarket volume (not related to wash trading)

this is because Polymarket's onchain data contains redundant representations of each trade. receipts ⬇️⬇️