How @OthersideAI founders @mattshumer_ @MilesFeldstein and @JasonKuperberg amassed a 13k waitlist and $2.6m funding after building a demo in 2 hours.

Their product will change how we communicate. 👇🧵

2. OthersideAI was launched in the latter half of 2020 by three college-aged founders—Matt Shumer, Miles Feldstein, and Jason Kuperberg.

The company’s origin story is incredible. 🔥

3. The three founders met at @LaunchPadSYR (the Blackstone LaunchPad & Techstars at Syracuse University). 🎓

The idea for OthersideAI came from an experience CEO Matt Shumer had at his previous startup, Visos.

4. Without a network to tap into, Matt Shumer had to cold email practically anyone he wanted to connect with or pitch. 📧

“I eventually came to the conclusion that I spend too much time writing emails and I tried to figure out a way to use [GPT-2] to cut that time down” -MS

5. WTF is GPT-2? 🤔

Open-source artificial intelligence by OpenAI.

Developers wield the AI to perform certain specific tasks.

In this case, composing emails.

$TSM: Fueling the Future of Computing

Taiwan Semiconductor Mfg. Co. (TSMC) has become the leading manufacturer (fab) of semiconductor chips by capitalizing on a series of egregious missteps at $INTC

This is *not* a buy rec, but rather info for when it's actionable

A thread👇

1/ The Basics

The first "pure-play" foundry -> enabled the rise of the "fabless" (i.e. design-only) industry

A foundry ("Fab") manufactures microchips (integrated circuits "IC") for customers such as fabless chip companies.

Fab only = sole focus on better process technologies

2/ First Mover

The leader in chip mfg. is the fab that can get to the next “process node” first

Process Node (“Tech”): Used to indicate feature size of transistor - > now marketing tool for chip generation

As @GavinSBaker wrote in Jan '19, TSMC passed INTC at the 7nm node

3/ Market Overview

All electronics = powered by semis

3 Types of Companies:

1. Integrated Device Mfgs. (“IDM”): $INTC, KOSE: A005930, $TXN, $MU

2. Fabless: $NVDA, $AMD, $QCOM, $AVGO

3. Fabs: $TSM, $UMC, $SMICY, GF

Market Size: Semis power all electronics…

4/ Technology Advantage

Tech dominance while other foundries can’t keep up (GF dropped out at 7nm)

Tech advantage -> customer additions ($AMD from GF)

1) 5nm already in production
2) Specialty tech (5G)
3) Advanced Packaging

TSM: 52% market share

Manu leader + Ecosystem

How I Made $10,000 on Twitter in 3 Days.

Thread:

So you want a Twitter-based business?

It's fun.

Profitable.

And not even that hard.

Today we're going to go over the 15 tweets that allowed me to sell my product, Bow & Arrow.

Let's begin:

Let's say you want to launch a product.

Any product:

A community,

A coaching program,

A lead magnet,

A PDF,

A SaaS.

I believe most launches can be done in 15 tweets (2/day).

Let's go over them:

Tweet 1-5: Agitate The Problem

Show people:

-Where they are vs. where they could be
-Numbers showing how they're missing out
-A potential danger that is lurking to get them

Example of #2 (posted last year):

We want people to know that they have a need.

Most people don't know they have the problem you solve.

Make it abundantly clear that you're gonna solve it.

Now, we enter phase 2/3:

VW LOOKS INTO THE VALLEY OF DEATH

The disruptive threats Herbert Diess saw coming for big, incumbent automakers soon after he took over the top job at Volkswagen Group are playing out as predicted -- only faster and in more dramatic fashion


In an interview, Diess said additional cost reductions and a speedier overhaul of the German industrial giant are vital to withstand new rivals with superior financial firepower

He has been reflecting not only on trying to keep pace with Tesla but on the risk that Apple adds another mighty competitor with almost unlimited resources to the automotive arena

“Despite all efforts, we are currently in a rather more difficult situation than in 2018 when I took office," Diess said

"What really has changed -- and what I had not expected to this extent -- is the view of capital markets on our industry”

In the almost 2 1/2 years since Diess told investors VW needed to aim for valuation levels more in line with Apple, Amazon and Google to still be around for another two decades, the gap has only grown

January is named after the Roman two-faced god #Janus. It’s time to look back at what you’ve achieved and look forward to what you’ve got to do.

3 solid reasons to review your #financialplan in 2021. Are you confident that your financial plan is still relevant and adaptable? Are you in the best of #financial health?

You are not the only one influencing your #financial future! We show you how the world is influencing your financial outcomes. Tell us how you tackled these changes in the comments below!

We recommend reviewing your plan every year. What we’ve done for clients during reviews. To review your #plan today call +919500027285!

#financialplanning

What triggers people to take #financialplanning seriously?
1. Medical emergency
2. Career transitions

Everything You Need To Know about Emergency Funds

A Thread 🧵👇

1/ Let’s understand the meaning of Emergency Fund, it is a fund that will help you at the time of financial crisis or unplanned scenarios. It is also known as contingency funds.

An Emergency Fund is the first step towards financial freedom.

2/ For example, when the Covid-19 hits many people lose their jobs which results in loss of financial support and people find difficulties buying basic necessities for themselves. So, having emergency funds helps you to sustain the period.

3/ Now the question arises, how to build an Emergency Fund?

An emergency fund cannot be built overnight but it can be done gradually. Firstly, you need to analyse your monthly expenses and then, you need to set aside a particular amount every month.

4/ Say, you have decided to have an emergency fund of ₹3 lakhs. In this case, you can set aside ₹45000 or ₹50000 every month to accumulate the corpus you need. It is fine to even cut down on your investments to build this amount.

Sweden's elderly in 2020 recorded one of the lowest mortality rates in history.

Overall mortality rates in Sweden by age were excellent in 2020 and better than the 2015-2018 average mortality rates for nearly all age groups.

A deep dive into why 👇👇👇

Overall death numbers are meaningless without stratifying by age. Below, we have mortality rates from 2015-2020 by age groups 0-64, 65-79, 80-89, and 90+. The 65-79 group fared worst with ~3% inc. over 2015-18 average.

Amazingly, the 90+ group had lower mortality in 2020.

All age groups can be plotted on the same graph, but must be standardized since the range of values is so large (1 for 0-64 vs 200 for 90+)

Here, mortality rates are shown relative to 2018.

The most interesting observation (imo) is the significant drop in mortality rate in 2019 in all age groups.

Around 60% of all deaths in Sweden come from the 80+ age group. When mortality rates dropped 5% in 2019, this left a much larger than normal 80+ pop alive in 2020.

This lead to a swelling of the 80+ population in 2020 by 6.6%. This was by far the biggest percentage increase in one age group over the 5 year period of data

Pop. Deaths
2018 - 522k 54k
2019 - 536k 52k
2020 - 572k 59k

Tax evasion vs Tax Avoidance

What is it & the difference between the 2.

A thread

Tax evasion = Illegal 🚫  Criminal
Tax avoidance = legal ✅ allowed

Tax evasion is an illegal & unlawful practice of not paying tax. A person or business structures their affairs in a way that they don't pay taxes due to SARS. This happens by not reporting their income, deducting frivolous expenses, inflating expenses, underpaying or understating

Tax avoidance on the other hand is a legal & allowed way of minimizing your tax liability. Our tax legislations allow us to structure our affairs in order to minimize your tax liability

E.g. in personal taxes, medical aid, out of pocket, RA deductions, TFSA etc. In VAT, output & input tax provisions allows for payment of lesser taxes. Business are also allowed to deduct allowable expenses, ring fence losses etc in order to minimize their tax liability

1/ If, after reading https://t.co/IzzATArtZl you are still confused how Alpha Homora and IronBank were hacked, here's how the hack was conceived

2/ Normally when you borrow funds from AH bank, your debtShare and totalDebt increases. Specifically if you want to borrow x tokens, your debt share will be calculated as:

share = x * totalShare / totalDebt

and it is added to totalShare

3/ All these numbers are very big integers (as token precisions are 18 digits) and the calculation is correct, but when totalShare = 1 (think 1 wei) and x < totalDebt, new debt share will be 0 (integer division)

4/ So if you manage to have AH bank with totalShare = 1, and some totalDebt you can repeatedly borrow less than the totalDebt (ideally totalDebt - 1) effectively doubling totalDebt in each iteration. You can do it as many times as you want, while totalShare will remain 1

5/ Eventually Iron Bank that supplies funds to AH will run out of funds, so when amounts get big enough (you are doubling each time), also make sure to replenish it with flash loan

POINTS RELATED TO #MSP

1) MSP does not have any legal backing till now and farmers can't demand it as a right. Its just government policy and an administrative decision to purchase food grains at MSP. And govt can't even force private players to provide MSP. 👇

And even the new Farm Bills does not mention "MSP" or " government procurement".

CACP, which recommends MSP, is again not a statutory body and its just an office attached to Ministry of Agriculture. CACP just recommends MSP but the decision on fixing and even not fixing 👇

and its implementation lies with Govt.

See there are two things, ONE is declaration of MSP and the SECOND is procurement of food grains at MSP by Govt. Agencies. The declaration of MSP has no meaning (its worthless) if Govt. agencies are not procuring at MSP. 👇

Govt. declares MSP for 25 crops but procurement mainly happens only of Wheat and Rice from Punjab and Haryana. Its practically impossible to purchase the entire 25 crops from all over India at MSP. And there is whole lot of CORRUPTION in FCI MSP operations and govt. 👇

is loosing lakhs of crores of rupees every year in subsidy, not resulting in any benefit to poor but helping only few big farmers. THAT IS WHY GOVT. don't want MSP to make a LEGAL RIGHT.

2) Why farmers are scared about the agri reforms???👇

BTC has likely created more millionaires (10,000+?) and deca millionaires (1,000+?) than any company or startup in history. these are individual “retail” investors realizing these returns, not institutions, which may drive the Rise of Retail...

1) retail interest in speculative (high-risk/high-reward) investments will continue to sky rocket. BTC’s meteoric USD-denominated value climb sets a new benchmark. everyone is already chasing the next dragon.

2) more speculative public equity is being purchased by retail investors who are increasingly becoming key driver of public offering events (through SPACs, direct listings, and IPOs syndicated to retail investors. instead of a handful of “strong” institutional investors).

3) banks, exchanges, funds that make it easier for retail to participate in public offerings will benefit. imagine an online-only brokerage as the sole book runner on an IPO, syndicating only to their retail accounts. if it worked, every IPO may soon follow.

4) many of these speculative public companies will likely fail to perform over time, but all it takes is a handful delivering 10-100x returns to keep interest strong. the likely reaction will be diversification, which will further drive demand.

I think the reason people are fixated on the $2000 checks is because that's immediate in a way the other stuff in the bill isn't.

Minimum wage increase is great! But I expect employers and states to fight it tooth and nail. Utility assistance sounds great! But we all know the horror stories about how impossible it is to qualify for relief programs.

Most of us have seen direct checks from the IRS come in immediately and be used for stuff the next day. That's fast relief, which is what we need.

If you're working 40 hours at, say, $11 right now, the $15 minimum wage increase won't even show up for a week and when it does that's $160 more per week ($15*40 - $11*40).

That's not nothing! But it's not a RIGHT NOW check for $2000.

Folks need $2000 right now, hell, they need $20,000 right now--10 months of back pay. Maybe that's impossible, but it's not helpful to act like the people who need it don't care about the rest of the bill.

Voting on the first $ZIL governance proposal has just ended. The proposal has passed with a resounding YES, which means that the community has now agreed on the rules for future decision making.

Time to analyze, introspect and see how to make this better next time. A thread 👇

1/ 348 different wallets voted. It may appear to be low given that 25,304 were holding $gZIL before the voting started. But, if you compare with other projects, it is in fact quite high. The last voting on YAM had 4 participants, 177 on YFI, 91 on SUSHI, 30 on UNI and 8 on SNX.

2/ Since 1 $gZIL = 1 vote, the total number of $gZIL used for voting was around 26,694, while the total number of $gZIL captured in the snapshot was 130,481. This translates to around 21% $gZIL being used for voting. The largest voter had 2,479 while the smallest had 0.002 $gZIL.

3/ In order to better understand the voter diversity, we looked at their $gZIL holding. As you can see, only 1% of voters who hold less than 200 $gZILs voted. And generally speaking, it looks like the voting participation was high among those who hold larger number of $gZILs.

4/ As pointed out by @jdune23, one explanation for low participation among users in the smallest $gZIL holding group could be that most of them are staking via Moonlet or Atomic. There was no straightforward way for them to vote.

Here’s what happened so far -- and how GOP is misreading.

Biden puts out $1.9 trillion relief bill, indicates he’s open to negotiation w/GOP and want’s bipartisan bill, while stressing urgency.

GOP slams it, pretty much says it’s dead on arrival. But...

…GOP doesn’t offer a counter-proposal/engage in negotiation. A typical McConnell move, and he’s clearly directing.

They expected that Biden would come back again with yet another pared down proposal, thinking we’re in 2009 or something.

But he doesn’t.

Instead, Democratic leaders indicate they’ll do it via budget reconciliation, 51 votes, if GOP doesn’t want to get aboard.

Biden reiterates he’d like it to be bipartisan, but if that’s the way it’s got to go, so be it.

No ifs, ands, or buts.

Susan Collins then faints on the couch — feels “betrayed.”

Betrayed for what? Not having a Democrat bow to her?

Of course she’s sent out as a McConnell stalking horse.

But that doesn’t work either.

So very concerned Susan Collins writes a letter to Biden with several other faux-moderate GOP senators, finally offering a counter-proposal because they’re desperate, their plan backfired and don’t want to be seen not signing a relief bill.

I just saw a thread about foster care, which did not paint an accurate picture of why children are removed, foster parent "salary", etc.

As a foster parent I have a few words about the experience.

Content and trigger warning, there will be talk of severe child abuse.

1/x

First, I want to talk about motivation for fostering.

Different people are motivated differently, so I can only speak for my family.

We originally wanted to adopt children because we can't have our own.

While researching adoption, we learned about fostering.

2/x

We felt we had room in our lives to take in kids who needed a place to go. So we shifted our focus.

Since then we have had several children come and go. Each situation was different, and I will get to that.

3/x

Regarding the "salary" we get: there is no salary.

We do receive money to cover some of the costs we incur, like paying for medical care, buying them clothes, etc.

It is not anywhere near the quoted $39K.

4/x

All told, we generally end up going out of pocket to cover all expenses.

We take kids under 3, and as any parent can tell you, diapers, clothes, food, formula, various medical costs... It all adds up really fast.

5/x

@JSG_54 I’d like to make a list of which ones and when they were put on the payroll from the attorneys. Also, others like Caleb Alexander and Tim Munson. Anyone that has had their hand in policy or publicly demonized pain meds and then profited off of litigation, get em on the list.

Here’s #ArtVanZee

#AnnaLembke

#DaneshMazloomdoost

#AndrewKolodny