The newsletter for the technically curious. Updates, tool reviews, and lay of the land from an exited founder turned investor and forever tinkerer. Hey folks, Happy Thanksgiving to those celebrating! Light edition today… Classic move from OpenAI - dropping a data breach disclosure at 10pm the night before Turkey day. Brilliant PR timing. OpenAI disclosed a Mixpanel security incident that exposed API user data - names, emails, user IDs, and location info. No ChatGPT data or API keys were compromised. OpenAI has terminated its Mixpanel use entirely (no shit!). Meanwhile, OpenAI needs to raise at least $207 billion by 2030 [paywalled] to keep the lights on, according to HSBC. This is after their commitments to Oracle ($300B), Microsoft ($250B), and AWS ($38B) for cloud services. The FT called OpenAI “a money pit with a website on top.” 🫠 Anthropic dropped two bangers this week. First, Effective harnesses for long-running agents - a deep dive into how they get Claude to work across multiple context windows without losing the plot. The key insight: use an initializer agent to set up the environment, then a coding agent that makes incremental progress and leaves clean artifacts for the next session. They built a Claude.ai clone this way. [But Factory’s harness is better] Second, Estimating AI productivity gains - they analyzed 100K real Claude conversations and found AI reduces task completion time by ~80%. Extrapolating this, they estimate current AI could increase US labor productivity by 1.8% annually over the next decade - roughly doubling recent growth rates. The caveat: this doesn’t account for time humans spend validating outputs outside the chat window. A little update from my portfolio: San Francisco Compute - raised $40M at a $300M valuation - marketplace for AI computing capacity. (I’m an early investor) + they’re hiring Plus some other investments have been on a tear recently;
My 2020/2021 fund is now over 4x / 36% IRR Ben’s Bites Fund I is 2x / 39% IRR (2023-2025) Ben’s Bites Fund II did its first close, and is still open to new LPs. Get in touch if you’re interested. Here’s a few YC companies I’m looking at:
🌐 What I’m consuming
⚙️ Tools and demos
🥣 Dev dish
🍦 Afters
That’s it for today. Feel free to comment and share your thoughts. 👋
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