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Michael Luo Profile
Michael Luo

@AzianMike

1,658
Followers
723
Following
234
Media
3,327
Statuses

YC founder, ex-Facebook product manager, ex-Zillow software engineer. Built @Spryngtime and @winter_NFTs

Joined October 2010
Don't wanna be here? Send us removal request.
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@AzianMike
Michael Luo
10 months
WTF ChatGPT?!
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@AzianMike
Michael Luo
5 months
This comment about @dropbox still lives in my head rent free
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@AzianMike
Michael Luo
11 months
@sama Still can't reverse the word lollipop
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@AzianMike
Michael Luo
5 months
Born too late to explore the world, born too early to explore the universe. born just in time to build B2B SaaS.
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@AzianMike
Michael Luo
8 months
I’m a YC founder. I’ve worked on a lot of bad ideas. I’ve pivoted a lot. One of the biggest lessons I’ve learned is a good market with an ok idea is much better than a great idea with an ok market. The market is like a wave while surfing. If the wave isn’t good, no matter your
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@AzianMike
Michael Luo
1 year
@Shmuli @Delta Thanks for sharing. Hope you got to your destination safe!
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@AzianMike
Michael Luo
7 months
🚨 Winter has been acquired by @crossmint ! I started Winter back in 2022. I knew crypto was hard to use. But I also knew more people wanted to get into crypto. (My mom asking me about “bitcoins” was a funny experience). Back then, crypto and NFTs were still nascent, hard to
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@AzianMike
Michael Luo
10 months
@wangzjeff Anxiety is scared of you
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@AzianMike
Michael Luo
5 months
@nazwrapper @Dropbox Neither can BrandonM
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@AzianMike
Michael Luo
1 year
@einarvollset @paulg I love PG and I overall agree with the wealth idea. But just to be devil's advocate with the car example - if you increase the supply of cars, doesn't that drop the value of all other cars (kinda like car inflation)? That hurts other people's value, right?
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@AzianMike
Michael Luo
11 months
@nikitabier It's crazy how some big tech people asked me what my startup's 6 month roadmap. I don't even have a 6 day roadmap
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@AzianMike
Michael Luo
5 months
@kurilod @Dropbox Definitely no one knows anything
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@AzianMike
Michael Luo
2 years
@Matt_Hougan Disclaimer: I hold COIN stock. You also have to realize that the 2018 $8bn valuation was based on future prospects, not current metrics. That just means investors don't see a bright future.
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@AzianMike
Michael Luo
2 years
Super thankful for @ycombinator ! and @bradflora in particular! Honestly, YC's biggest advantage is they just care 10x more than any other VC. It's not a huge secret but the amount of effort each YC partner puts into the hundreds of company is insane.
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@AzianMike
Michael Luo
11 months
@frantzfries If I only I had majored in "Google AI researcher"
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@AzianMike
Michael Luo
11 months
@petergyang Because OpenAI/Sam Altman didn't give them one
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@AzianMike
Michael Luo
2 years
@shreyas "Sorry CEO, we need more resources to build XYZ to get better GTM alignment so that we learn more insights"
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@AzianMike
Michael Luo
9 months
@venturetwins @paulg Maybe PG is referring to "artificial" as the photo looking staged - cokes are unsipped, people looking in random directions, mouths not being open like they're talking, etc. At least to me, it looks real but staged.
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@AzianMike
Michael Luo
11 months
@OfirPress If Ilya leaves, he'll start a nonprofit that moves slower. An indirect competitor
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@AzianMike
Michael Luo
5 months
@GlazzApe777 @Dropbox Web 2 is totally a fad
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@AzianMike
Michael Luo
2 years
The main thing I love about my time at @ycombinator is they never invest in your idea. They're actively giving you the truth ("Your idea isn't working") and are always encouraging you to iterate/pivot/keep talking to customers
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@AzianMike
Michael Luo
5 months
@MPrinParr @Dropbox well akkshually
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@AzianMike
Michael Luo
2 years
@iamjasonlevin @VitalikButerin Overall this sounds super cool but some food for thought: What if I could spam people with SBTs and "clog" their wallets with tokens they can't transfer out?
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@AzianMike
Michael Luo
2 years
@venturetwins Plot twist: The govt is releasing these photos now under the guise of midjourney and AI. These actually happened
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@AzianMike
Michael Luo
2 years
My company Winter is HIRING full stack engineers! We're building the future of buying/sell NFTs and need lots of help! - YC company - Well funded (free lunch + good pay) - We like memes If any of that resonates, let's chat :)
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@AzianMike
Michael Luo
5 months
@esaka22 @Dropbox You're a genius
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@AzianMike
Michael Luo
1 year
@itsPaulAi While I love that you're sharing the potential of AutoGPT, it's kinda clickbait as AutoGPT is still not perfect to perform tasks without human intervention. But it is a lot better than ChatGPT!
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@AzianMike
Michael Luo
1 year
@HarryStebbings As a YC founder who's raised a similar amount, I disagree. (And know a lot of YC founders in a similar boat) We are hella frugal, move fast, and spent VERY little of our money raised. Sounds like you've just observed bad teams, unrelated to money raised/valuation
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@AzianMike
Michael Luo
2 years
Shout out to @immad - I don't know how he has time for everything. Truly a 10x founder/angel investor/human.
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@AzianMike
Michael Luo
2 years
A year ago, I thought raising VC money was a milestone, a sign of progress. I was dead wrong. Fundraising large amounts only means you're good at fundraising. No indicator that you're good at building product, a team, or a successful company.
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@AzianMike
Michael Luo
11 months
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@AzianMike
Michael Luo
8 months
@abacaj Why does everyone feel like it's easy to train LLMs?! Gpt-4 was probably super hard and took years of research
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@AzianMike
Michael Luo
11 months
@nikitabier Do you own a jet yet? No? Get back to work
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@AzianMike
Michael Luo
4 months
I see complaints that @render is more expensive compared to bare metal... but I literally spent the whole day trying to setup a service on @digitalocean , didn't work all day, and spent 1 hour getting it set up in You pay a premium for it to "just work"
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@AzianMike
Michael Luo
2 years
Wow. I almost got hacked in a very sophisticated way. A thread on what happened...🧵
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@AzianMike
Michael Luo
6 months
Don't chase investors. Chase customers. And then investors will chase you.
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@AzianMike
Michael Luo
3 years
Excited to share what I've been working on! Please drop a follow! Know any NFT projects dropping soon? We'd love to get connected and see if we can help!
@winter_NFTs
Winter (Acquired by Crossmint)
3 years
Interested in selling NFTs via credit card? We can help!
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@AzianMike
Michael Luo
1 year
@nikitabier I was a PM on FB Marketplace - I'm pretty sure it's an abandoned product that's just in maintenance mode. Doesn't really make FB money
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@AzianMike
Michael Luo
3 years
A thread on @lailachima and I's journey to @winter_NFTs and a lesson on why you should always listen to customers.
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@AzianMike
Michael Luo
1 year
@HarryStebbings Bad take. If one fundraising round is the reason why they're not great, the company probably wasn't "would have been great" 😵
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@AzianMike
Michael Luo
3 years
Our company, @winter_NFTs , was on a billboard on Times Square!
@loops
Loops.so
3 years
Hey @winter_NFTs , just saw your ad in Times Square!
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@AzianMike
Michael Luo
2 years
@thebentaytay What if my app was a mental health app and her usage increases after break up? 😅
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@AzianMike
Michael Luo
7 months
🤝
@crossmint
Crossmint
7 months
1/ Today is a big day for @crossmint . Excited to announce the acquisition of Winter ❄️
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@AzianMike
Michael Luo
2 years
Is there any good solution to "automate paying someone USDC/crypto"? Looking to automate some payments in crypto so I don't have to remember + sign transactions every time!
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@AzianMike
Michael Luo
2 years
@frantzfries Why did the nyt even buy it...
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@AzianMike
Michael Luo
11 months
@dzhng @sama that's amazing. Sam really said "f*ck profits"
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@AzianMike
Michael Luo
10 months
@illyism @OpenAI Hopefully that's a sign of PMF and not API key leak 😂
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@AzianMike
Michael Luo
3 years
Got my @vbagame pack! Congrats to @gmcharmander and @TiangeJohnWu ! Hyped!
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@AzianMike
Michael Luo
1 year
High key - @finn_meeks is someone great to have on your team. Glad @southpkcommons and @finn_meeks are there observing, giving feedback, being thought partners, and most importantly following through on asks!
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@AzianMike
Michael Luo
7 months
When someone asks "how's your startup"
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@AzianMike
Michael Luo
11 months
@rowancheung Humane is a hot topic. Regardless of the success or failure, it's clear they crushed the marketing!
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@AzianMike
Michael Luo
11 months
@_ali_taylor @TheRealAdamG @gdb @sama Great take. We really didn't know if Sam did something egregious before Greg quit. But it's pretty safe to say when Greg (and others) quit, Sam didn't do something obviously egregious.
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@AzianMike
Michael Luo
11 months
@damengchen 1 star review - did exactly what it said, added value to me, but costs more than "free"
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@AzianMike
Michael Luo
9 months
Wearing shoes in the house is like using global variables in your code. It might seem convenient, but you'll end up tracking dirt everywhere.
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@AzianMike
Michael Luo
9 months
I see it a different way. If I'm only paying $1m/yr to to grow at 40% YoY, that's AMAZING. It's not worth spending time consolidating just to save $600k/yr. Don't try to save on pennies when your real goal is millions.
@nicoaferr
nico
9 months
Recently chatted with a 1500+ person co at $250M ARR, growing 40% with 500+ reps Currently paying ~$1M/yr for these products (will be 40% more in ‘24) Estimate they could consolidate $600K of this spend Apply that to ~5K other cos and you have $3B in excess SaaS spend Wild
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@AzianMike
Michael Luo
11 months
Hot take. Great distribution for an okay product beats bad distribution with a great product.
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@AzianMike
Michael Luo
2 years
I sometimes feel founders listening to VCs is BAD. VCs mention TAM, strategy, GTM, etc like you need to have these things figured out. The reality is Airbnb, OpenSea, Coinbase, and more didn't have ANY of this figured out before they began.
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@AzianMike
Michael Luo
1 year
Starting a company is a wild ride, full of both high highs and challenging low points. Sharing my experience and the one important lesson I've learned as a founder 🧵
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@AzianMike
Michael Luo
2 years
Met @frankdegods this weekend at the @opensea event. Chill dude. YC 🤝 YC
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@AzianMike
Michael Luo
3 months
"I just don't think any great company was built on savings" - @pedroh96 , CEO & co-founder at @brexHQ TL;DR increasing revenue is a much better value prop than saving money
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@AzianMike
Michael Luo
2 years
Metamask is a great example of a big product that is stagnating. The wallet really hasn't innovated. Missing NFTs in the chrome extension and notifications in the mobile app. @phantom (and other wallets) on the other hand are shipping FAST
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@AzianMike
Michael Luo
9 months
A friend's big tech company recently migrated from Oracle to Snowflake. Was super painful to migrate but they said "100% worth it" after seeing Snowflake in action. If your product solves a big pain point, companies will move.
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@AzianMike
Michael Luo
2 years
I love hiring people who may not have all the right skills on day 1 but have 10x more hunger, drive, and passion than your average FAANG engineer
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@AzianMike
Michael Luo
8 months
@TrungTPhan Hey Trung. We went to college together. You probably don't remember me. Can I borrow $15k?
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@AzianMike
Michael Luo
2 years
Without sharing too many details, this last week has been a crazy (good) busy time! Glad to have @lailachima by my side as we tackle these crazy things together :)
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@AzianMike
Michael Luo
9 months
Pretty much every startup blog is now just AI generated SEO garbage waiting to indexed by Google and shown on page 63
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@AzianMike
Michael Luo
3 years
Laila + Stripe + Winter NFTs = 🎉
@lailachima
Laila ✨
3 years
Worked at @stripe for years focused on delivering the best user experience, so it was surreal becoming a user myself and integrating Stripe this week! It's official, you can buy NFTs with credit card using @winter_nfts !
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@AzianMike
Michael Luo
2 years
Big shoutout to the teams @mercury and @brexHQ - their teams are working overdrive to help us all. It's wild that we get frustrated when banking takes longer than an hour to set up - it's Mercury and Brex's "fault" for setting expectations so high! Keep it up!
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@AzianMike
Michael Luo
10 months
Every new startup idea starts out as a bad idea. Why? There are many reasons. But one of the most common reasons is the market is too small to support a big business. If the market was obviously big and lucrative, the big players would have moved fast. They would have easily
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@AzianMike
Michael Luo
1 year
@CoinbaseSupport Hello! Is there an ETA on when USDC deposits will be resolved? It's been over 36 hours for my USDC deposit :(
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@AzianMike
Michael Luo
1 year
@aakashg0 Interested to see how the AMD chip does. Nvidia is in the lead because of their cuda software, not purely because of hardware
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@AzianMike
Michael Luo
2 years
Is it just me or is @MetaMask a "stale" product? Other wallets seem to be leaving it in the dust in terms of features
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@AzianMike
Michael Luo
6 months
Have been getting back into stock trading and found a lot of alpha on /r/wallstreetbets. But was a pain monitoring it 24/7. So I built AI powered summaries of the top stock ideas from /r/wsb. All in Discord! Try it out!
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@AzianMike
Michael Luo
9 months
Thanks to some random dude on the internet, I just found out I have over $2,000 sitting in the Optimism airdrop. Thanks @auspiciousfcb ! Free internet money!
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@AzianMike
Michael Luo
1 year
@patrickc Wow! What are the use cases? Writing code? Internal search? Something else?
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@AzianMike
Michael Luo
3 years
For all the crypto newbies! @lailachima and I built to help buy any NFT on OpenSea with US dollars! No need to fumble with buying & transferring crypto to your wallet - just buy with US dollars! #NFTs #opensea
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@AzianMike
Michael Luo
4 months
@thomasschulzz LLMs aren't the solution to literally everything
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@AzianMike
Michael Luo
2 years
Holy moly. Blockchain payments are actually insanely valuable and solve a real need for me TODAY. Problem: I need to move money from my bank account to another person ASAP (like today). ACH/Wire/etc are all too slow AND don't work on the weekends. Guess what does? Crypto
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@AzianMike
Michael Luo
8 months
Sending myself messages on Slack is the best note taking app I've ever used.
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@AzianMike
Michael Luo
2 years
. @phantom - I love your wallet but you're breaking Metamask and all the dapps I love using. PLEASE fix ASAP
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@AzianMike
Michael Luo
5 months
A founder’s guide on how to talk to customers. When I was starting my startup, everyone told me “talk to customers”. Easy, I thought. I worked at Facebook as a PM, I’ve talked to users before, I’ve got this. Go find customers, ask them what their biggest problem is, and IPO!
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@AzianMike
Michael Luo
9 months
Did people seriously trust ByBitcoinEx?!?!
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@mikulaja
Jason Mikula
9 months
FDIC drops fresh false deposit insurance claim C&Ds
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@AzianMike
Michael Luo
11 months
@petergyang Soon AI won't be able to tell if we're human or not
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@AzianMike
Michael Luo
11 months
@Suhail Does it count if you build on top of an open source model like llama-2 that has been pre-trained?
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@AzianMike
Michael Luo
11 months
There are so many great engineers who, if they just learned how to sell, would become unstoppable entrepreneurs
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@AzianMike
Michael Luo
6 months
I always get asked: "Michael, how do you afford to get guac at Chiptole?" "Michael, how do you afford to get the mid-tier gas?" "Michael, how do you afford 2 ply toilet paper?" This is how.
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@AzianMike
Michael Luo
3 years
Red bean paste is GOAT dessert ingredient. Change my mind.
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@AzianMike
Michael Luo
8 months
Hot take: You gain wealth not by working hard but taking risk. There’s a common myth. “All you need to do is work hard”. To gain wealth, you just need to take on a lot of risk. You don’t even need to work hard or be that smart. Working hard lets you spend your time in return
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@AzianMike
Michael Luo
11 months
@armahinuwedu1 "Make sure your TAM is big" "Value add B2B SaaS" "Serve your customers"
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@AzianMike
Michael Luo
2 years
I remember when I thought "I can go build a marketplace for X, that website looks so simple" Then I realized the hard part about building marketplaces is NOT the tech but bootstrapping supply + demand at the same time.
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@AzianMike
Michael Luo
6 months
A surprising amount of software engineers have told me "I don't want to code anymore. I want to be a product manager" Do software engineers think a product manager's job is easy? I've done both. I can tell you both are hard in their own ways. Software engineer: - A lot of
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@AzianMike
Michael Luo
11 months
@itsjkwon I workout hard but still ugly. Life is hard 😥
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@AzianMike
Michael Luo
11 months
One of my biggest fears in life is working on the wrong thing
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@AzianMike
Michael Luo
2 years
To be right sometimes, you gotta be wrong a lot of the time.
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@AzianMike
Michael Luo
11 months
@vkhosla Do you think the downside of Chinese using open source models is greater than the upside of everyone having access to open source models?
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@AzianMike
Michael Luo
3 months
It's way too easy to create a demo of an AI product and it's way too hard to create a battle tested, production ready AI product.
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@AzianMike
Michael Luo
1 year
. @coinbase - I totally get that there are issues with deposits sometimes. I get it. But your support leaves something to be desired! - Made USDC deposit over 13 hours ago. - Automated support says to check status page, nothing wrong. - Human chat says there's an issue on
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@AzianMike
Michael Luo
8 months
@pitdesi It's only a matter of time before my parents get scammed by deepfakes 😥
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@AzianMike
Michael Luo
11 months
@damengchen We just launched an emergency OpenAI + Azure fallback and retry tool: Should help with the current OpenAI failures! If you need expedited access to Azure, feel free to DM me!
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@AzianMike
Michael Luo
10 months
Is this what product market fit looks like?
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