the following is not intended as financial advice.
it is intended as a blog post fun story.
(what you do with this information is up to you)
This past weekend I discovered 2 very interesting and diverse investment opportunities thru my network, inbound to me. I'm now going to personally bet up to $300k of family wealth (not my money) on one of them and $50k of more "my money" on the other. Today.
This is somehow also in line with my career shift to become a VC. Crazy serendipity and thanks Adam for moving me in this direction building off my Jensen TK post.
The $300k bet, which may end up being $100k, is basically a bet on stablecoins and crypto as a whole. Call me if you want specifics but I'm not going to share much more publicly or perhaps even privately. Could be a re-allocation away from GOOG for example. Not sure yet. Watch All In Pod ai race 5 parts from last week's Wed/Thurs release.
I never share my private deals but I do practice this investing stuff since at least 2017. A recent tiny example is NET, which I bought 50 shares of in November 2024 for $90. I sold it pretty fast sadly and now only have 1 share left to watch each day and FEEL regret selling my silly 49 shares, and learn from it. Today the ticker is $198.42 i think. Sigh.
The $50k bet, which is very big for me (I'm used to doing more $1k or $500 sized, never $5k+ these days or esp at poker tables lol) represents the rarity I feel for having the "Peter Thiel" moment right now, you know the one where he gets 10.2% of Facebook for $500k. Or Bezos taking 6% of DHH's Basecamp (see lex interview). Those guys aren't me but maybe could be if this goes right haha jkjk
I discovered a person I'm excited about. He's very early, and the deal is extremely creative. I'd love friends and family to be part of this but I'm not soliciting here because I can just do the $50k myself. And this is like hella shady maybe.
That said if you want to be part of this SPV in the truest sense of the term, very odd shaped one probably a new Arizona LLC, and come in along with me on same terms, please call me very soon today or early this week and let me know so we can lock it in. It won't be formal, it will be a google doc w short bullets and a handshake. That will cement things for my operating agreement.
I think $50k of allocation is reasonable so together we'd do $100k total if there's any takers at all. If so I might even do $25k or less myself and then we'd still exceed the $50k idea together. Not sure yet.
Only individuals who I know personally (and pre-existingly) are invited, this is represented by you CALLING me, not emailing, and we talk for at least 5 minutes so I can explain. The deal may close as early as 5pm today. or it might be this Wednesday, not sure. Depends on the kid too, my little unicorn.
I'd be willing to bet Shuffle on this but that structure wouldn't be correct with James & Austin having the shares and history and our team the way it is now. So I'm going thru my own personal vehicle.
Wasn't even going to share this until later like 10 years after we exit in life, but honestly just -- "why not faster"?
https://phuthienng.substack.com/p/how-i-will-live-my-life-in-the-next
good morning ☀️
p.s. if i don't answer my phone when you call i'm sleeping text me instead, as option 2.
p.p.s. yesterday i found a large secret collection of Ayn Rand signed letters at a used book store and bought the whole shelf for $1k and the owner was like, actually I have a collection at home with 15x more stuff you might like from Ayn, and book reception lady behind the desk said Fountainhead was her favorite book of all time and she reads Atlas every couple since she was 14 and now we are going to maybe partake in a cup of tea ooolala
it is intended as a blog post fun story.
(what you do with this information is up to you)
This past weekend I discovered 2 very interesting and diverse investment opportunities thru my network, inbound to me. I'm now going to personally bet up to $300k of family wealth (not my money) on one of them and $50k of more "my money" on the other. Today.
This is somehow also in line with my career shift to become a VC. Crazy serendipity and thanks Adam for moving me in this direction building off my Jensen TK post.
The $300k bet, which may end up being $100k, is basically a bet on stablecoins and crypto as a whole. Call me if you want specifics but I'm not going to share much more publicly or perhaps even privately. Could be a re-allocation away from GOOG for example. Not sure yet. Watch All In Pod ai race 5 parts from last week's Wed/Thurs release.
I never share my private deals but I do practice this investing stuff since at least 2017. A recent tiny example is NET, which I bought 50 shares of in November 2024 for $90. I sold it pretty fast sadly and now only have 1 share left to watch each day and FEEL regret selling my silly 49 shares, and learn from it. Today the ticker is $198.42 i think. Sigh.
The $50k bet, which is very big for me (I'm used to doing more $1k or $500 sized, never $5k+ these days or esp at poker tables lol) represents the rarity I feel for having the "Peter Thiel" moment right now, you know the one where he gets 10.2% of Facebook for $500k. Or Bezos taking 6% of DHH's Basecamp (see lex interview). Those guys aren't me but maybe could be if this goes right haha jkjk
I discovered a person I'm excited about. He's very early, and the deal is extremely creative. I'd love friends and family to be part of this but I'm not soliciting here because I can just do the $50k myself. And this is like hella shady maybe.
That said if you want to be part of this SPV in the truest sense of the term, very odd shaped one probably a new Arizona LLC, and come in along with me on same terms, please call me very soon today or early this week and let me know so we can lock it in. It won't be formal, it will be a google doc w short bullets and a handshake. That will cement things for my operating agreement.
I think $50k of allocation is reasonable so together we'd do $100k total if there's any takers at all. If so I might even do $25k or less myself and then we'd still exceed the $50k idea together. Not sure yet.
Only individuals who I know personally (and pre-existingly) are invited, this is represented by you CALLING me, not emailing, and we talk for at least 5 minutes so I can explain. The deal may close as early as 5pm today. or it might be this Wednesday, not sure. Depends on the kid too, my little unicorn.
I'd be willing to bet Shuffle on this but that structure wouldn't be correct with James & Austin having the shares and history and our team the way it is now. So I'm going thru my own personal vehicle.
Wasn't even going to share this until later like 10 years after we exit in life, but honestly just -- "why not faster"?
https://phuthienng.substack.com/p/how-i-will-live-my-life-in-the-next
good morning ☀️
p.s. if i don't answer my phone when you call i'm sleeping text me instead, as option 2.
p.p.s. yesterday i found a large secret collection of Ayn Rand signed letters at a used book store and bought the whole shelf for $1k and the owner was like, actually I have a collection at home with 15x more stuff you might like from Ayn, and book reception lady behind the desk said Fountainhead was her favorite book of all time and she reads Atlas every couple since she was 14 and now we are going to maybe partake in a cup of tea ooolala
p.p.p.s. the booklet from jesus street sign people in Tempe (so odd) is extremely spot on memetic Rene Gerard stuff, go christ