Libermans Co. Founders Product Science, Humanism. Ex-Directors of Product @Snapchat
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- Followers 4,799
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For our Russian-speaking audience. A deep conversation, unscripted. About where centralized AI might lead us. And what still depends on us, the people. The podcast with Alexander Sokolovsky is now live: linktw.in/libermans
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Some hard truth from the conversation with Tim Ferris @tferriss.
“It’s not failure. It’s an attempt. 60 percent, 70 percent of those attempts are going to end up with zero, so just move on. Start the next one. You’ll be successful later.”
Listen here: tim.blog/2023/08/24/david-an…
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Despite losing money and having no proven product, startups can still be valued at millions thanks to the tech industry's successful history of investments. In fact, 1 in 10 startups that receive seed funding in the US are eventually acquired for $200 million on average. With a 1 in 10 chance of winning big, it's no wonder investors are eager to buy a stake in these potential jackpot companies! #startup #investment #techindustry
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1/ With this detailed piece on our life story and ideas written by @NathanHeller we’d love to share a look with you into selling a stake in our future. Maybe someday you will join us in this movement?
@NewYorker
newyorker.com/magazine/2022/…
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The #generational #wealthgap is a major contributor to today's inequality crisis. Let's act now before it leads to a devastating #economic #recession.
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Marina was one of our 15 investment and one of the first creators to ever receive a direct investment.
She received an upfront payment of $1.5 million in exchange for 5% of her revenue over the next 30 years.
Throughout her journey, Marina has built an empire with over 10M followers across her social media platforms.
We discuss what her partnership with us actually looks like, including the specifics of the deal, her initial worries and more.
Make sure to watch the video down below to see into the world of the future 🌍@linguamarina
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6/ So today we are announcing Humanism - a platform for enabling investing in people. We are creating a marketplace to allow stakes to be bought and sold in the future of individuals. Learn more here:
humanism.is/
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If you know how to fix education, we will give you $1 million and help make your idea happen
grant.frank.ly
#FrankPrize
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It’s rare to meet a team as obsessed with performance as we are. @TheStageAI is building the best AI models compression tools out there. Proud to be an advisor.
Read their $4.5M story in @Forbes:
forbes.com/sites/josipamajic…
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Telecom (AT&T, Verizon), Energy (Exxon Mobil, Chevron) and chipmaker Intel (INTC) led in capex today. So Starlink is a candidate (it will be a separate company). We will see some new energy giants.
Also definitely something in robotics and space mining.
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100M acquisition price, mean that you raised Seed, Series A, and haven't raised Series B. Each round 20% dilution. +20% option pool. Only 50% total dilution for founders.
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We set with Business Insider and talked about raising funds in current economic environment. Here's the main thing you need to know about fundraising and pitch-deck:
businessinsider.com/pitch-de…
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Do you feel like a millionaire today? Let's define wealth using Jeff Bezos as an example. Worth $120B but what does it mean to own that amount? #Wealth #JeffBezos
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The story of how we met 😅
This video reveals you the secret of why we are so close and always together. Interestingly, this year marked the first time we ever spent 10 consecutive days apart as we took turns attending Vipassana.
Tell us in the comments about your first memories of the closest person in your life? 🙏 We'd love to hear from you!
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1/ @jemimajoanna in her @FT column raises a number of important questions which we have not had the chance to talk about previously. Our answer was published today.
ft.com/content/bec4d9aa-1ee3…
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Read our hopes for 2023 with @petercoy and @nytimes. "One of our greatest hopes is that Ukraine will achieve a final victory in the war with Russia."
nytimes.com/2023/01/02/opini…
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Credit versus Equity in people
1/ Does our society need equity investments in people? Aren't individual loans enough to solve all problems?
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With the great article by @Kyle_L_Wiggers and @TechCrunch, we're excited to announce that Product Science has raised 18M in a financial round.
techcrunch.com/2023/01/04/pr…
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Are protocols about to think for themselves? What a great topic to explore
Join us in 90 minutes
nitter.app/i/spaces/1OdJrOwVdlkxX
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You can not only read our latest interview, but also mint a piece of it. But you will have to finish reading the article to the end 🤪
Shared Minds and Human Stocks
@DaLiberman on AI memory temples, financial time travel, and selling shares in yourself.
zine.zora.co/liberman-brothe…
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Looks like Elon's buying after all? Fear and tremble, bots.
f_cking love u @JustinRoiland
#ElonMusk #Twitter @elonmusk
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When seeking funding, don't ask for money - ask for introductions to potential customers. Investors who quickly provide intros are likely to invest as their portfolio represents a great fit and potential synergy. #sturtupfunding
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NYT claims Libermans left behind Facebook and Apple, and created the first AR hit series. Also says that we are lanky and pale. Well, it's all true.
nytimes.com/2018/06/14/movie…
The heads of that studio are four lanky Russian siblings who have backgrounds in cartoon and video game production. They all live on the same block in L.A. (3/5)
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1/ A year ago, we unveiled the $1M Frank Prize to challenge the way we think about education. Hack Club were the winners. Today they revealed that @elonmusk has become a substantial donor to their work ❤️
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Your future value could be higher than you think. While some professions have a few big earners, anyone could be an outlier. Could it be you? Our new video:
#future #wealth #outlier #potential #careeradvice
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Only those willing to invest 💵 will see 💰
Dozens of revolutionary founders are joining us in the reshaping of the future of finance.
A future where individuals are tokenised, wealth is spread, and the market is just as obsessed with people as they are with companies.
#Investing #Investment #Tokenisation #StockMarket #Stocks #Finance #Future #Libermans
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Would you buy a share in your friends future, as we recently did? The most in-depth article about our past, present and future by The New Yorker:
Most of us are more excited about our brilliant friends than about the companies they work for. What if we could invest in their entire careers? nyer.cm/FkZUfAa
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7/ We hope Humanism will change the way we think about investing and formulate a new asset class in human potential - a new way to empower people. Let us know what you think!
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newyorker.com/magazine/2022/…
Can explain how we did this
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Imagine training your entire life for a race, only to discover the winners were declared before you even began.
This is how many millennials feel about economic opportunities compared to baby boomers.
When boomers were 30, they held 20% of U.S. wealth. Millennials? Just 3% at the same age—and generations following are stepping into a legacy of debt.
Watch the full talk here: piped.video/JIc0i7CvD7k?si=pvm2…
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We have temporarily forbidden much of the populace from working and, by extension, from being paid for their labour; this has forced them to rely on charitable support from others. What we have not done, meanwhile, is to suspend rent payments for the duration. This makes no sense
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5/ The individuals who we personally invested in using the model gained variety of experience, and in have already managed to achieve greater results.
humanism.is
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A world where compute is open, not owned. Now on the pages of Forbes
Bitcoin liberated money.
Decentralized AI will liberate human thinking
📰 Read on Forbes:
forbes.com/sites/kolawolesam…
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Talked to NYT's Peter Coy about the concept of Humanism, as well as risks and opportunities of the invest-in-people approach. Covered a lot — but let us know if some questions still remain unanswered.
My newsletter yesterday:
What if You Could Give Start-Up Money to People, Not Companies? nytimes.com/2022/09/02/opini…
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A common question we receive is: how do you determine the price for something that someone will create in the next 15 or 30 years of their lives? We've answered this question in our latest video #pricing #entrepreneurship #business
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Many people believe that you must be poor in order to build a successful company. However, our own experience has shown us that this is a misconception. There are numerous examples that prove this "common wisdom" to be false
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Deep dive on investment in people with Jake on his podcast. Listen for insights that will stay with you long after the episode ends. Thanks for having us, @0FJAKE
I've published 123 podcast episodes.
All 1-on-1 conversations.
Now I publish my first episode with 2 guests.
Brothers who say they share a single life.
@DaLiberman is making investing in people possible.
Starting by selling shares in themselves.
Listen: podofjake.com/2023/03/07/124…
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Apple complied with the order from the CCP by removing Telegram, Signal, and WhatsApp from its App Store in China
Apple is pretending that it had no say in the process
At the same time, they don't allow users in China to install apps without using the App Store, they have not deleted WeChat and Tencent from the App Store in China, and have not removed China-based apps from the global App Store
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The real heroes in this pandemic are Millennials and GenZ. They took a heavy blow, striving to reduce the risk to others. At their expense, lives are saved today.
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What's going on with @elonmusk using polls to make controversial decisions on Twitter? Is the concept of majority rule the best way to decide important issues on a platform with millions of users?
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Job with an important mission. The future is transparent.
🌟 50% of all high school hackathons run on @HackClubBank. We’re hiring a Tech Lead to make it even better.
If you like Rails & want to help high schoolers raise money for coding clubs & hackathons, you should apply. ✨🏦
$ ssh jobs.hackclub.com
$ cat tech_lead.md
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We made the @productsc_ai financing pitch deck available to @BusinessInsider readers as a tribute to all founders and investors who have generously shared their knowledge with us over the years.
businessinsider.com/pitch-de…
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France. Violence. Again. Two opposing groups have recently clashed over the issue of pensions and other social benefits.
One group believes that these benefits should remain the same, while the other argues that it is better to invest money in future growth and adjust the pension age according to improvements in life expectancy.
The two groups are almost of equal size, each consisting of millions of people. As only one decision can prevail, both sides have resorted to violence in hopes that their vision will become reality for all.
One side has leveraged presidential power without a parliamentary vote, while the other has employed strikes and protests.
It is worth considering that both of these ideas could coexist. If you are willing to accept a higher pension age, your taxes should be used accordingly. Conversely, if you prefer the same social benefits, the government could raise more debt under your name to pay for these benefits.
A peaceful coexistence is possible, similar to how Canada and Belgium coexist today. Uniting governments based on values and beliefs, rather than national borders, could eliminate the need for violence. A world of peaceful coexistence is achievable.
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4/ Through the past year we’ve made a number of investments in other talents, including Marina @linguaMarina and Max @MaximusBruner, with invaluable support for Sam @Lessin.
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3/ For us intergenerational inequality, wealth rebalancing and the US pension system are all a part of the system that we need to change.
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Today capital is extremely inaccessible for the younger generation, available in the most unpleasant form — debt. With high APR. And in case of student loans not dischargeable in bankruptcy. Equity investement is a better tool.
Student loan system in America has become a scam that puts young people into a financial and psychological hole that they often spend their whole life trying to get out of.
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4/ Will the model of investing in people lead to poorer psychological experiences?
People who don't have the necessary access to capital, or own loan obligations, are missing the opportunity to take risk and are caught up in the psychological poverty of routine experiences.
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Once imagined years ago, it kept us restless until we implemented it
Today, we saw you in a flash, 1 million tps L1
You're alive and stunningly beautiful
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This is what policymaking looks like when the KPI is going viral and generating the most memes
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With every fall comes a greater rise.
In 2006, we faced an investor clause claiming future profits. Instead of backing down, we strategised how much we were truly worth.
Now, we’re rewriting the rules with bold, fair investment models. After nearly two decades of relentless work, we've created a revolutionary approach to valuing future earnings.
The world doesn’t need limits—it needs people ready to unchain it.
#Finance #FutureFinance #FutureReady #InnovationUnleashed #Interview
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Product Science closed a successful funding round thanks to our focus on growth and customer satisfaction. Thank you to all our investors who believe in our mission!
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The share price of First Republic Bank $FRC has dropped -65% today, but it's not due to the startup founders or VCs selling. So, who is causing the panic in the market? 🤔
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Excited to be an investor in @andyaldone new product, opinions.fyi/. A useful tool to better understand the world.
Take a look how the @washingtonpost journalists copy-paste a single message without even small changes🤦♂️
Explore here: app.opinions.fyi/p/9bfdc9c7-…
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@fed_novikov @petr_novikov - the visionary brothers you should follow.
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2/ Over a year ago we set about selling a stake in our futures alongside our sisters. This became known as the Liberman Co. The premise was a place to house our best ideas, enjoy more risk-taking, create moonshots and solve some of the most pressing problems of our time.
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Should you create new browser? Great innovation can happen and usually do happen in areas where everyone is sure that nothing new can be done. producthunt.com/posts/sideki…
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Fundraising is not about decks or meetings with VCs. Fundraising is about growth. #startupfunding
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Before you raise any capital, focus on finding clients and selling them your product. Show investors that there's demand for what you're offering.
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The potential unlocked by empowering our youth could catapult the current market value figure up to 4 times!
We're talking about a future where wealth isn't just abundant, but also distributed more fairly.
We are losing so much potential by depriving the world of this possibility!
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But we need to at least start discussing the notion that human life, and all it entails, can be more important than being saved from death.
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Pluralism allows for multiple viewpoints to coexist and thrive, rather than requiring a majority win. No need to choose between options - split the platform and let people decide which one they prefer.
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Today, the Silent Generation and Boomers own more than 20 trillion in retirement savings (this is only in the USA). And it is precisely them who should bear the burden of the economic recovery.
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By demonstrating your growth and proving your product's market fit, you'll have a much easier time attracting investors who believe in your vision.
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Good example of a mission: "make humans multi-planetary species". We're not multi-planetary species right now, but if the company successful, in next 15-20 years, we'll become.
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Remember, when seeking funding, it's not just about the money - it's about building relationships with investors who believe in your vision and can help you grow your business.
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Today (10 years after launch) Bitcoin has less then 1 million active users. And it is unlikely, that this particular early and inefficient implementation of crypto will reach more that 10 million active users. 10-100x less. Which mean that valuation should fall 100-10000x.
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4/ Credit is cheap only for wealthy people; without a collateral credit is expensive and limited to only a couple months of your income.
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future is now
Fast replay of today's rocket landing on SpaceX droneship OCISLY
piped.video/4jEz03Z8azc
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👏🏼 Wishing to be an astronaut today (tomorrow, actually) is like wishing to be a car driver. In the future we all gonna be traveling in space for different reasons and professions.
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Declaration of Human Rights made the right to life irrefutable 70yrs ago. Children are no longer taught that some things are worth dying for. Death is to be avoided at all costs, sometimes by hiding away from life itself. And now the entire world is hiding as if it has no choice.
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The triumph of a democratic country like Ukraine over a larger, authoritarian one would serve as a powerful example of the strength of democracy and the failure of dictatorship.
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TikTok is rebranded Musical.ly - which was born in Silicone Valley (America), then moved to Santa Monica (America), grew to 200M MAU, and then was acquired by ByteDance (China)
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3/ Credit is considered to be a cheaper option than equity investment, but in many cases that is not true. Creditors don't participate in the upside of outliers. That is why they have to take a bigger cut from everyone.
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At Product Science, we've always focused on demonstrating our growth before seeking funding. #investment
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From trust to transparency @ Frank Money, Inc. lnkd.in/bGxttwi
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This is the poorest generation in modern history. The generation they are saving - the Silent Generation and Boomers - had 4x larger share of wealth at that young age.
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As per Metcalfe's law Bitcoin total market cap is a function of active users number. Or weighted average of possible future number of active users. Bitcoin's all-time high 300B+ valuation was an overestimation of the probability that hundreds of millions of users will use it.
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We also hope that the women of Iran will secure equal rights and freedoms, that older generations will take a hard look at their role in the financial struggles of younger people and that artificial intelligence will drive an increase in labor productivity in 2023.
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The evolution of student debt in the U.S. is alarming. Once, state colleges were heavily subsidized—students could pay their tuition with a summer job.
By the late '80s, reduced government subsidies shifted this burden onto students, leading to today's $2 trillion debt crisis. 💸
We must break this cycle and restore accessible education.
Link to the full video: piped.video/5zP75PCZ_P0?si=UAxA…
#StudentDebtCrisis #TimeForChange
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Guess which organization posted this report: "2023 sum total of expenses exceeded estimated earnings by $114.3 billion. In 2022, net income was $58.8 billion"
What an interesting way to say that you have a significant loss...
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We're grateful to @lessin from @slow, @DanRose999 from @coatuemgmt, Bryan Baum and @mkives from K5, @AlexPallNY and and @drewtaggart from @mantisVC for their immense support and vision. They gave us dozens of intros before we even discussed the amount they would invest.
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6/ Now, students from around the world are raising thousands of dollars from sponsors to stage hackathons in their hometowns (for the first time ever in the case of many towns), and spending the funds transparently.
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Canceling rent or mortgage payments is not canceling real estate. So it is not canceling the pension. It is canceling profit from the assets for some time. Many business (also assets) were asked not to have profit during the time. Many people were asked not to use their labour.
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1375% is the number for subsidized tuition, isn't it? The real tuition (or costs) actually raised much less. E.g. Stanford tuition +769%, while inflation is +285% for the same period of time. So the real tuition (or cost) adjusted for inflation has increased only 2x.
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"Pluralism should be understood as an essential part of our global response to the differences that exist in every society. Diversity is a fact of modern life and managed well; it can underpin dynamic, peaceful societies." John McNee, @GlobalPluralism
forbes.com/sites/shaheenajan…
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Same happened with SVB $SIVB. Share price had dropped before the founders began transferring their deposits.
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Abundance of pension savings = over supply of capital. Just natural process. Everything is perishable. So we should see negative interest for all savings soon.
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TikTok is renamed app Musical.ly, which already had 200 MAU by that time. So you should add 4 more years to the TikTok graph, and it won't be any different from WhatsApp or WeChat.
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Intros to potential customers can be more valuable than money, because they help you grow your business and accelerate positive investment decisions. #investments
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3/ Hack Club helps students in their middle and senior years to open clubs at their schools where children can teach one another to code.
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3/ Is raising capital in your future financial output just a zero sum game transaction between today and the future?
Startups raise capital not to smooth their own highs and lows, but to achieve more. Capital is raised not to avoid suffering but to take risk.
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