?@chamath
As of the past few weeks, debt markets have almost entirely shut off access to money for any company that doesn't have substantial revenue independen t ...
Did 
Theo
mention me?
Theo
We scan every video for X posts on screen, then check the transcript to see if they were read aloud. See everything Theo showed.
Every post with your handle on screen. A profile or post link works too.
Matches the text of one post, even if the handle was cropped out.
A few words you remember. Matches by words and by meaning.
@chamath
Yes.
Theo showed your posts 3 times, but did not read them aloud.
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Chamath Palihapitiya@chamath
As someone with a portfolio of energized land assets here is what I am seeing: 1. Neoclouds are disorganized and poorly capitalized. Some are definitely better than others however. 2. Hyperscalers are intractable, bureaucratic organizations that take 3 months to do an NDA and Social Capital 8090 God is in the details. As someone with a portfolio of energized land assets here is what I am seeing: As someone with a portfolio of energized land assets here is what I am seeing: 1. Neoclouds are disorganized and poorly capitalized. Some are definitely better than others however. 2. Hyperscalers are intractable, bureaucratic organizations that take 3 months to do an NDA and want 18mo escrow periods. We built our portfolio by competing against these terms because of our speed and simplicity. The more futile assets orgs like ours win, the bigger the problem for the hyperscalers downstream (see 3). 3. There are delays in the existing pipeline that will catch people off guard in 2027. Hyperscalers will (obviously) react by focusing on their own internal compute needs over any third party, if the third party is a model company, they will tell them to go through their model router where they will also take a non-trivial vig. Telling them Ant they have no compute for (rumored in Ant's S-1) if true a huge tell that this is already happening. All of this is to say that it does look like there will be a lot of partially stranded compute and compute sitting in inventory in 2027 than is currently forecasted. This is bought and paid for but effectively underearning (below total cost of capital) or collecting dust. We see this as true for everyone - model companies, hyperscalers, neoclouds except ONE (you can guess which one). This dislocation will benefit two kinds of orgs: the non-bureaucratic big scalers who can build industrial scale quickly and the nimble, well capitalized players feeding them.
Shown on screen 2 times. Not read aloud.
