Alexander McCobin @amccobin
Venture, Liberty, Prosperity @libven_network libertyventures.xyz Global Joined February 2009-
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First Millionaire: John Astor (~early 1800s) First Billionaire: John D. Rockefeller (1916) First Trillionaire: Elon Musk (2026)
How can you not be romantic about capitalism?
Today feels like a good day to reshare this clip of Ariane Aerospace’s CEO calling SpaceX’s reusability plans “a dream”
Elon Musk has done more for workers than any democratic socialist politician ever has.
NEW: Juan Hernandez, a welder who says he took “just another contract job” at SpaceX for $28/hr in 2015, is now a millionaire as shares soar.
the 27-year-old SpaceX ship engineer who collected rocket hardware that fell in the ocean after launch, put 10% of her paycheck into equity. SHE’S NOW A MILLIONAIRE.
Capitalism. Innovation. America. 🇺🇸
Elon Musk just created ~5,000 new millionaires, current and former $SPCX employees. Of those ~5,000 people, roughly 400 of them will see stakes worth $100+ million.
A man working as a welder at SpaceX for $28 an hour has just become a millionaire. Juan Hernandez, who came from Mexico, welded rockets for SpaceX at $28 an hour. SpaceX gave him $10,000 in stock when he went full time in 2015, and he bought more with every paycheck for 10 years. $SPCX is now trading at $167, making his shares worth over $1 million.
@TimDraper This should be a t-shirt.
Elon is actually a real life sci fi hero.
Elon Musk is a real-life Bond villain ft.trib.al/zAOuVKk
Happy @SpaceX Day! It’s a great day for capitalism, liberty, America, and humanity! And so a great day for all the early believers (ie investors) in SpaceX, including those who invested in SpaceX with @libven_network !
One piece of advice we got during YC was to explain our company using verbs instead of nouns. Early on, I walked into a meeting and did the opposite: “We’re building a cloud platform for AI” No one knew that that meant, their eyes glazed over. Then I started saying this instead: “We containerize your code and run it on GPUs in the cloud so you don’t have to manage the infra yourself” That clicked way more. Our brains understand verbs because they’re more concrete. If you describe your company using nouns, you risk people not understanding you. And no one buys or invests in things they don’t understand.
Sources: Founders Fund's ~3% stake in SpaceX is now worth $50B+, after investing $600M; a16z will get the biggest return in its history, with a $10B+ stake (Bloomberg) (Visit Techmeme dot com for the link and full context!)
@cyantist 1. The Nichomachean Ethics 2. The Bible 3. Meditations 4. Novum Organum 5. The Second Treatise on Government 6. The Wealth of Nations 7. The Federalist Papers 8. Moby Dick 9. The Road to Serfdom 10. Atlas Shrugged
2/ The gap might exist because when people hear "capitalism," many picture the U.S. bailing out banks after 2008 while homeowners suffered. That's a fair grievance, but it's the opposite of free enterprise, not an example of them.
The @SpaceX IPO on Friday is a day worth celebrating. Anyone got any plans?
@JohnHuber72 This sounds like Bernie Sanders.
TLDR: What lights you up?! Opener for our 1517 Summit: 25 years ago I started working with homeschoolers. Those families changed the trajectory of my life. It’s where I got to see that real learning starts with passion and curiosity. 16 years ago, when Michael and I were on the founding team of the Thiel Fellowship, we called it an older young person’s homeschool program. And today, with 1517, we say we homeschool CEOs. I think that there is a lot that we can learn from homeschoolers about going against the grain, following curiosity, and getting a sense of what real learning looks like. In homeschooling there is a concept called “deschooling” — a transition time between being in a more institutionalized setting, to one of their own creation. It sometimes looks chaotic, “unproductive,” and purposeless. But this time period is when people start unraveling assumptions that have been shaping their lives, without them knowing it. By letting go of the rules, natural curiosity and passion can start to emerge. Over the next ten years, I think all of us are going to go through something like a collective deschooling period. We’re going to need to unlearn the assumptions that were put down before us by other people and institutions, ride the chaos, and emerge through to the other side with passion and curiosity. The path used to look clear. Work hard. Get good grades. Collect credentials. Climb the ladder. Success had a map. But the world we're entering is uncharted. Artificial intelligence is making information abundant. Institutions are failing us. Careers are becoming less linear. Entire industries are appearing and disappearing in just a few years. The old question was: "What should I do?" But today, I propose a new question: “What lights you up, when no one is watching?” That's a much harder question. Many people discover that when the external structure disappears, they're left with an uncomfortable feeling. Not freedom. Not excitement. Meaninglessness. Because for years, meaning was outsourced. A syllabus told us what mattered. A test told us what to learn. A boss told us what success looked like. A credential told us we were progressing. But what happens when fewer and fewer people can tell you what matters next? I think that's one of the defining challenges of the next decade. And I think the antidote is surprisingly simple. Start dreaming: What is the thing you can't stop thinking about? What rabbit hole do you disappear into? What topic makes you lose track of time? What project would you work on, even if nobody was grading it? All summed up: What lights you up? When we're young, we're often taught to treat those interests as distractions from the "real" work. I think the opposite is true. Those interests are clues. They're pointing toward the place where your curiosity, your energy, and your contribution intersect. The people who will thrive in the next ten years will be like shining beacons! They'll be the people who know how to follow genuine curiosity. The people who can create their own path. The people who can stay fascinated. The people who know what lights them up and have the courage to build around it. So welcome to your summit. When you meet a new friend today, ask “What lights you up?” May the answers surprise and delight and lead you into your next 10 years.
@UpG00SE @Skypadusa We had it for a week and will make it again next year!
This was such a fun podcast with @JustinTCallais . I loved that he had me dig into the different types of capitalists are out there who don't support capitalism, in contrast to those who do, and how we're going about backing the best values-aligned founders. Thank you Justin!
@amccobin @libven_network In Episode 4 of From Ideas to Innovation, we dig into: → Why business is the liberty movement's most underused tool → 4 types of capitalists → Networking and what building real relationships requires 🎧 Listen here: fromideastoinnovation.substack.com/p/building-a-p…
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Danielle Lawson @DanielleLalttz
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Gabriel Delgado Ayau @gabedelgadoa
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G @kinet1c_fianace
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