AI is the new search 👀 That's why we launched Amplitude AI Visibility. See what your favorite AI tools like @ChatGPTapp, @claudeai, and @Google AI Overview are saying about your brand, and make sure customers find you, *not* your competitors: bit.ly/47SRn2r

The system is set up to extract wealth from Millennials and Gen Z and give it to Boomers: - NIMBY housing laws that make it impossible for first time homebuyers to afford a home. - Student debt that can't be paid off or discharged, leading to permanent wage depression. - State governments in unsustainable levels of debt to civil service pension funds while canceling those benefits for new hires. California pays an average of 102% of final earnings to retiring civil servants. - Proposition 13 lets longtime homeowners pay significantly less property tax than new ones. - Both Medicare and Social Security will not be fully funded starting in 2033. - Politicians are terrified of calling this out because 9 out of 10 people who go to their town halls are Boomers. I talked to one US Congressman who said "coming out too hard against Boomers is an almost sure way to lose an election". They're happy to call out billionaires but terrified to call out Boomers. Once you see it the first time, you see it everywhere.

We think of Adyen and Shopify as legendary companies with $2.5B and $11B in revenue. But it’s easy to forget that in year 9, Adyen had about $80M of revenue and Shopify about $150M. Nearly all of the legendary status accrued in the second decade. Go long!

Peter Thiel: If you graduated in 1970 with no student debt, compare that to the millennial experience: too many people go to college, they don’t learn anything, and they end up with incredibly burdensome debt. Student debt is a version of this generational conflict that I’ve talked about for a long time. The rupture of the generational compact isn’t limited to student debt, either. I think you can reduce 80 percent of culture wars to questions of economics—like a libertarian or a Marxist would—and then you can reduce maybe 80 percent of economic questions to questions of real estate. It’s extremely difficult these days for young people to become homeowners. If you have extremely strict zoning laws and restrictions on building more housing, it’s good for the boomers, whose properties keep going up in value, and terrible for the millennials. If you proletarianize the young people, you shouldn’t be surprised if they eventually become communist.”

Technological innovation can be a form of participation in the divine act of creation. It carries an ethical and spiritual weight, for every design choice expresses a vision of humanity. The Church therefore calls all builders of #AI to cultivate moral discernment as a fundamental part of their work—to develop systems that reflect justice, solidarity, and a genuine reverence for life.

At Coinbase, it's a fireable offense to create a new committee that has not been explicitly approved by Brian or myself. In the vast majority of cases, spreading authority across multiple people is inefficient. And once you’ve added an unnecessary layer of bureaucracy to something, it's harder to remove. Each new committee compounds, further slowing the business down - best to avoid this wherever possible.

1/ We @sequoia have always said that we’re only as good as our next investment. It’s also true that we’re only as good as our next generation @Alfred_Lin and I get to work with the best generation yet:

A new generation of Sequoia stewards

In a world where everyone is chasing momentum, I'm reminded of a Buffett gem: “You can’t produce a baby in one month by getting nine women pregnant.” Some things just take time: compounding, craftsmanship, and good judgment.

Honestly quite accurate