together with

Gm. AI is cool, but don’t forget that AI will never be as awesome as bacon. That is my public service announcement for the day, thank you very much.

TOGETHER WITH MASTERWORKS

A Banksy got everyday investors 32% returns?

Mm-hmm, sure. So, what’s the catch? 

We know it may sound too good to be true. But it’s not only possible, it’s happening—and thousands of investors are smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.

These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 11 exits, the last 3 realizing +13.9%, +35.0%, and +10.4% net returns* even while financial markets plummeted.

But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:

• outpaced the S&P 500 by 131% over the last 26 years

• have the lowest correlation to equities of any asset class

• remained stable through the dot-com bubble and ’08 crisis.

Got your attention yet? Homescreen readers can skip the waitlist with this exclusive link.

POLLS

Let’s take a look at Monday’s polls. Super interesting responses.

A few cool answers:

“All the time. Especially back in the day in those sketchy yahoo games chat rooms.” Dude, don’t get me started on Club Penguin.

“Met my wife on the internet!” Epic!

“Someone cold DMed me on Twitter to ask about Launch House and I thought they were a spammer at first. Actually met them in person a couple times since then.” This is what I like to hear! Not the spammer part, but the meeting new friends thanks to Launch House part!

“Thanks web3 for connecting me to my fellow weirdos!” Same, I met so many friends thanks to web3. Funny enough, a crypto-Twitter friend just published a piece on this exact topic: The Days of Digital Solitude.

“I’ve made a ton of friends throughout the online LEGO community, starting back in 2011.” Please tweet us or reply with some cool Lego pics and I’ll post them in the next edition if that’s cool! Lego for life.

On to today’s poll. Today’s poll is a guest submission from Yuliya Bel, founder of Notus which is basically a super-powered-CRM for Twitter (it’s dope!).

FRESH POWDER

Looking at three startups that just raised. Congrats!

If you want to get your company in front of 21,000+ founders, investors, and operators, let us know! Contact [email protected] with any questions

REGULATION

All Eyes On The Supreme Court

Ahhh, the Supreme Court. The branch of government that people love when they rule in their favor and hate when cases don’t go their way.

This week will go a long way in determining how the tech industry feels about our 9 judicial overlords.

That is because the Court is hearing Gonzalez v. Google, a case that will decide the fate of the all-important Section 230.

The Case

Gonzalez was brought by the family of Nohemi Gonzalez, a U.S. citizen that died during a 2015 terror attack in France.

The plaintiffs allege that Google and YouTube are at least partly to blame, as their algorithms recommended terrorist content in a way that incited the attack.

But for Gonzalez to be successful, the Court will have to significantly change Section 230.

What Is Section 230?

In short, Section 230 is the most important internet law you’ve never heard of.

What Section 230 does is give internet companies legal protection for basically all third-party content hosted on their sites. It’s because of Section 230 that you can’t sue an internet company if something they show you offends you.

This protection has been crucial to the growth of the internet, and specifically to recommendation-algorithm-reliant search engines and social media platforms.

Without it, companies would have to take much more care in moderating the content people are shown, and there’s no telling how that would affect the internet.

R.I.P AI Search?

One area that is in particular trouble if Section 230 is gutted is the AI search engine.

As we are all painfully aware, AI search engines are currently a bit…janky. If Section 230 is cut down, making companies liable for the information that their AI search engine spits out, it’s possible that this burgeoning industry is stopped in its infancy.

Lot at stake here. Let’s see how it plays out.

QUICK HITS

Seed Round

Stat: 14%: The percentage of Gen Z that gets their news from TikTok. I wonder if TikTok reporters ever got fooled by Rahul Ligma.

Story we're watching: OpenAI is in hot water with big media over their use of articles to train ChatGPT without compensating them. It’s the latest group of people to be upset that their material is being used to train AIs, and it likely won’t be the last.

Rabbit hole: Childhoods Of Exceptional People (Less Wrong)

WHAT ELSE IS GOING ON

• Google Chrome has addressed its memory hog problem.

• Apple watches are out here saving lives.

• Young people apparently don’t love cars anymore.

• GM has invented a self-cleaning touchscreen. Deliver this to me expeditiously.

THREE LIES AND A HEADLINE

News is so weird these days. Three of these headline are fake stories from The Onion while one is actually true. Can you spot the truth amongst the fakes?

A. Study Finds More Americans Turning To Own Feverish Imagination For News

B. Doomsday Prepper Hoards Chili Gift Cards

C. New Evidence Suggests Dinosaurs Would’ve Driven Themselves To Extinction Through Greed

D. Cocaine Bear, Meet Cannabis Raccoon And McFlurry Skunk

LAYOFFS TRACKER

trueup.io/layoffs

Notable layoffs this week

Fireblocks: 30 people (5%)

Chipper Cash: 100 people (33%)

MyGate: 200 people (30%)

FOUNDERS CORNER

The best resources we came across this weekend that will help you become a better founder, builder, or investor.

👾 When I want to go down a weird tech rabbithole, I head over to WIRED. It’s the best magazine for tech nerds like us.

😃 Tim Urban’s long-awaited book What’s Our Problem? A Self-Book For Societies came out yesterday. Everyone from Elon to the Airbnb founders are raving about it. I’m 30 pages deep and will keep you updated on how it goes!

✈️ I just got a United card and love the priority boarding and chilling in the United Clubs before flights. It makes flying actually enjoyable. Check out their options for business club cards.

IRL

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3 Lies Answer

D.

Disclaimer: “Net Return" refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the date the sale is consummated. IRR may not be indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. See important Regulation A disclosures at masterworks.com/cd.