The Monthly Flex - March 23
Only what matters. Often bragging. Nothing more. Brought to you by Flex Capital.
Announcing our monthly note where we share our writings, what we think matters, and our perspective on the "current thing." Let us know your feedback!
Our Latest Thinking…
Auren wrote an essay. The web loved it; we hope you do too.
If you are gonna be a founder, you gotta choose if you are going to be an insider or an outsider. Every insider secretly wants the freedom to be an outsider. Every outsider secretly wants the respectability of being an insider. Some outsiders eventually become insiders. Rarely does an insider ever become an outsider.
a Nirav or a Naval? - that is the question (Auren Hoffman)
What Matters Now…
Venture capitalists race to land next AI deal on Big Tech's turf (Reuters)
SVB’s challenges will accelerate valuation down rounds, startup mortality, and layoffs (CBInsights)
ChatGPT can now access the internet and run the code it writes (NewAtlas)
America’s banks are missing hundreds of billions of dollars (TheEconomist)
What is a sweep network and how does it allow Mercury to offer $5M in FDIC insurance? (Mercury)
As U.S. leaders debate a TikTok ban, lawmakers and creators clash over generational and social differences (Mashable)
OpenAI tech gives Microsoft's Bing a boost in search battle with Google (Reuters)
We asked the SEC for reasonable crypto rules for Americans. We got legal threats instead (Coinbase)
A $500 million term sheet in 12 hours: How Rippling struck a deal as SVB was melting down (TechCrunch)
The Age of AI Has Begun (GatesNotes)
Amazon’s Cloud Crisis: How AWS Will Lose The Future Of Computing (Semianalysis)
Block: How Inflated User Metrics and “Frictionless” Fraud Facilitation Enabled Insiders To Cash Out Over $1 Billion (HindenburgResearch)
5 Interesting Learnings from UiPath at $1.2 Billion in ARR (Saastr)
America is getting older 📈
A way to bypass the DOJ? 🤔
What if you had perfect memory? 🔮
Old but gold: Deel reached $295M ARR 🤯
See you all next month 👋