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Matt Mickiewicz
@MattMickiewicz
Founder @ Tech investor & mouse jiggler. Co-founder at & 99designs & Flippa. INTJ with a Questioner tendency. 🇨🇦
13.2K Following    19.8K Followers
OpenRouter was always a small margin business: 5% take rate on GMV minus credit card costs. Stripe can squeeze out 20-30% more margin out of the business on day 1 while adding billions in processing volume to its core credit card business.
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Unpopular opinion: In 2026, saying you're an AI company is like saying you're an internet company in 2005. Necessary, obvious, and no longer impressive.
Elon writing a $3 billion+ check to his arch nemesis in the Cursor acquisition must really sting.
Team Elbow is cheering on how well the the Canadian economy has performed under Mark Carney. Look at all that growth. And it only cost taxpayers $500B. What a deal. I'm so glad we have an economic genius as PM.
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How much money is lit on fire every year by founders forced to chase $50M ARR in two years just because their VCs now demand it?
When one fund pays 4x more for the same company in the same round because it lacks a brand name, it should be called a "cuck round".
Only someone who has never raised a round could be surprised by this dynamic. Nobody wants to invest before there is a strong lead. And after there is, everyone wants to invest. Multiple tranches is simply the outcome of supply and demand. I think what @followthemani and @EricNewcomer misunderstand is that they presume there is some universally agreed upon price for any round and that somehow, the brand VC is getting a secret discount at the expense of everyone else. What it misses is just how unpopular a round can be, and just how close a round can be to failing, before there is a lead. @chetanp and @benchmark took a brave bet before it was obvious and derisked it for everyone else. All future investors were well aware of the round details and, so far, it turned out to be a great investment for all involved, as will be revealed next week!
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Ladies and Gentlemen: The Anduril & Taco Bell beef we've all been waiting for...
Greg is a bitter, used-up old man who spends all his time taking pot shots at people still doing something with their lives. He used to live down the street from me and was so mad about me ruining his weekend by hosting the President at my house. I won't share the emails or texts he sent to people, but man, what a loser. I hope I never turn into this, please print this tweet and hit me in the face with it if I do.
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Watched 1 hour of Gamma's insane $100M growth hacks so you don't have to 1/ Writing content for Claude is useless — it barely cites anyone -> So Gamma created an official Claude app — you type "make me a deck" and Claude pulls up the Gamma app 2/ Gamma hacks signups made by AI agents -> They write "10% extra if you sign up right now" into files only agents read — to influence what the AI picks 3/ ChatGPT answers 60% of queries from live web and 40% from memory 4/ LLMs never cite praise, only comparisons -> A page called "Gamma vs PowerPoint" gets quoted in AI answers — a page called "why Gamma is great" never does 5/ ChatGPT sends 8x more customers than your analytics shows -> Ask "where did you find us?" at signup — people answer ChatGPT even when the click data shows nothing 6/ ChatGPT search runs on Bing 7/ Only ChatGPT reads Reddit — Claude and Gemini ignore it completely -> A Reddit post becomes a ChatGPT answer in 30-45 days 8/ ChatGPT memory compounds: it re-recommends brands it already showed you -> First mover doesn't just win the citation — it wins every repeat answer after 9/ They got cited from an 18k-view video same as a 400k one -> Views don't matter — titles do. Write YouTube titles the same way people type prompts into ChatGPT 10/ Small subreddits never produce citations — there's a size threshold 11/ Substack barely gets cited because writers gate their content Medium and Quora still get indexed — open content wins by default 12/ Their #2# most-cited source is their own website -> You literally control what the AI says about your competitors there 13/ One negative Reddit comment stuck in ChatGPT answers for months -> Bad sentiment gets cited as readily as good 14/ A citation dies in ~3 months -> They track every one in a spreadsheet and re-win the phrase quarterly 15/ Selling B2B? Claude and Microsoft Copilot beat ChatGPT -> That's where people ask about tools at work — and Copilot comes free with Office 16/ Broad topics take 45 days to get cited — niche ones take a day -> A Reddit post answering one very specific question showed up in Google's AI answers within 24 hours 17/ Nobody has ever seen X get cited by an LLM 18/ LinkedIn citations are pure chaos -> 500k-like posts and no-name posts get cited at the same rate 19/ Instagram is next: it's already appearing in search results -> His bet — IG and LinkedIn start shaping LLM answers within 6-12 months 20/ AI mode is collapsing click-through for everyone 21/ Fake Gammas are stealing their signups -> Copycats clone the landing page and buy ads on the keyword "Gamma" — users can't tell which one is real 22/ His next bet: make your product something an AI can sign up for by itself -> Claude Code already installs 5 tools per session without asking anyone 23/ ChatGPT doesn't know Forbes is Forbes — a no-name blog gets cited just as easily -> That window won't stay open long. The moment the labs build authority ranking, this playbook closes
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The minister has now openly confirmed what the NDP tried to keep quiet. Public access to 30 properties, including Hatley Castle and Discovery Island Marine Provincial Park, could be restricted or lost entirely under the Te’mexw treaty. These are public lands that belong to all British Columbians. Once they become treaty lands, the government itself admits there is no guarantee the public will still be able to use them. Historic sites, parks, and even land near the Legislature are on the table, and ordinary people are only finding out after the fact. This is the NDP’s radical land-back agenda in action: large-scale transfers of Crown assets with almost no public consultation and zero meaningful democratic oversight. They are treating the owners of this province, the public, as an inconvenience. The NDP must stop these transfers now. British Columbians will not accept the quiet handover of public parks and heritage sites without a real say.
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80% of the job as a founder is sales. Worth learning to be good at it.
How much cash should your top sales rep make? Probably more than the CEO.
Grok 4.6 is roughly the same performance as Fable 5 Max at an 85% discount. 80% cheaper for input tokens and 88% cheaper for output tokens. Pareto dominant. Grok 4.7 will be significantly better as is a much larger model with the Cursor and SpaceX data included in pretraining.
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Reminder: inflation is a relatively recent phenomenon. When the dollar was on a fixed gold standard we had no persistent inflation. We can go right back to price stability the moment we choose.
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In a few decades we’re all filing class-action suits against Google Maps (if we don't forget).
interesting! Of all occupations, taxi & ambulance drivers have the fewest deaths attributed to Alzheimer’s by far. Bus drivers & pilots don't show this pattern They think sustained, real-time navigation measurably changes the hippocampus.
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At this point, Harvey might be making more from interest on its ~$1.5b cash hoard than from actual customers.
Exclusive: Legal AI startup Harvey is in talks to raise at least $500 million at a $15.5 billion valuation including the investment, a 40% premium to its last valuation five months ago. Read all the details:
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The Public Accounts confirm what we have been warning about. The NDP is moving ahead with massive Crown land transfers while keeping British Columbians in the dark. These deals could total up to 24 million acres. That includes large transfers based on unsettled claims, with almost no public consultation and limited democratic oversight. In some cases, public access to parks and recreation areas is not even guaranteed after the transfer. This is the direct result of the NDP’s radical land back agenda. They have chosen secrecy over transparency and ideology over the public interest. British Columbians should not have to dig through Public Accounts or media reports to find out what is happening to land that belongs to all of us. The NDP must halt these transfers, recall the Legislature, and restore proper oversight. Handing over public land on this scale without meaningful public input is a failure of basic democratic accountability.
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The latest trend is making ARR = Annualized Run Rate without being super clear about it...
The extent of lying / exaggerating among 16-24 year olds pitching VCs for their first round or two is at an all time high right now. It’s ok to be ambitious and optimistic. Not ok to lie about VC termsheets that one didn’t receive or to talk about a verbal LOI from a customer as a signed scaler contract. Yes, we VCs are often lazy, yet some of us still do a few minutes of due diligence before we make an offer to invest.
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Hundreds of no-name staff engineers at Anthropic cleared more money in 4 years than 99% of founders, with better hours, lower cortisol, and zero founder anxiety.
What a $1m grant from 2023 at @AnthropicAI and @OpenAI is worth today. Anthropic: ~$51m OpenAI: ~$16m These figures are adjusted for dilution. Anthropic has had an incredible run in the last few years, and it clearly outpaced OpenAI in growth. Part of it is that OpenAI was already at a ~$30B valuation in 2023, while Anthropic was trailing at ~$4B. Anthropic’s valuation went up 235x from there. OpenAI’s went up ~28x. Anthropic diluted about twice as much in the same timeframe, ~78% vs 39% at OpenAI. You can view the timeline of some of the tender offers issued along the way too.
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Dopamine from creating > Dopamine from consuming.