🔥 Hot Takes Tuesday for 2024-12-24
Exploring two Paypal mafia stories about major investments in tech and infrastructure.
🙏 A big thank you to our new sponsor, NexusTek! 🙏
Welcome to the latest Hot Fudge Daily. Each day of the week you get thematic value.
🌶️ Spicy Edition Sunday FREE (Hot Fudge Sunday weekly newsletter captures the best of Hot Fudge Daily and the most clicked links for the week.)
📈 Markets Monday $ (Hot Fudge Daily: What is moving markets and why does it matter for the week ahead?)
🔥 Hot Takes Tuesday $ (Hot Fudge Daily: Get fast unfiltered thoughts on news of the day with just a dash of snark.)
🤪 Wacky Wednesday $ (Hot Fudge Daily: Catch up on the wild and wooly memes from a variety of deep web #random channels.)
🔙 Throwback Thursday $ (Hot Fudge Daily: Examine recent news in a thought provoking Shot and Chaser format.)
✅ Final Thoughts Friday $ (Hot Fudge Daily: A clear eyed look back on the week that was and could have been.)
🔮 Sneak Peak Saturday $ (Hot Fudge Daily: Steady and sober unpacking of the slow news day where muted press releases and disclosure stories try to get buried before the weekend takes all the attention.)
🙏 And a big thanks to all our sponsors! 🙏(Scroll to the end…)
Two hot takes on two Paypal mafia stories that caught my eye on Tuesday.
💰 + 🤖 Right pocket… You can buy a lot of processing power hungry bets with $3B
Techmeme: Sources: Founders Fund seeks ~$3B for its third growth equity fund; it raised $3.4B for its second growth fund and $1.8B for its eighth early-stage fund in 2022 (Dan Primack/Axios)
By Dan Primack / Axios. View the full context on Techmeme.
💰 + 🤖 Left pocket… You can buy a lot of infrastructure to feed processing power hungry bets with $6B