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Sean Allen Fenn

@seanallenfenn

80 Following
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Sean Allen Fenn pfp
Sean Allen Fenn
@seanallenfenn
SelfActualizer $SLFACTZR the memecoin. *exists* https://wow.xyz/0xc17b9726919b5982030c62e0d189ff35bdf1c711 View my @Streamm:  https://streamm.tv/profile/327564
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Sean Allen Fenn pfp
Sean Allen Fenn
@seanallenfenn
Methods of Prosperity 42: Jensen Huang. The year is 1993. Location? Denny’s restaurant in San Jose, California, on Berryessa Road. Denny’s at 2484 Berryessa Rd offers breakfast all day. This Denny’s is famous for something else, and it’s not the Super Bird sandwich. This Denny’s has a famous corner booth. Sitting at a corner booth we find Jensen Huang. With him is Chris Malachowsky and Curtis Priem, meeting to discuss their project. “Creating a chip that would enable realistic 3D graphics on personal computers”. This Denny’s was the birthplace of a company ahead of its time.
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Sean Allen Fenn
@seanallenfenn
Methods of Prosperity 41: Mark Zuckerberg TL;DR Peter Theil would consider Facebook a natural monopoly. It’s become THE social networking platform. Most people connect with family and friends on Facebook. Features including the “Like” button solidified its early dominance in the market. Facebook introduced the Like button in 2007. Which simplified user interactions and promoted content based on engagement. As a second–order consequence, sensational or divisive content is often prioritized. Facebook introduced the Open Graph in 2010. Which further integrated web content into Facebook. This enhanced the presentation of shared content. False information became an issue. During the 2016 U.S. Presidential election, the spread of misinformation became problematic. Fabricated stories and Russia-backed content aimed to influence the election. Distorted information reached millions of Americans. Cambridge Analytica had something to do with it. They used millions of unauthorized profiles to influence voter ...
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Sean Allen Fenn pfp
Sean Allen Fenn
@seanallenfenn
Methods of Prosperity 40: Mark Zuckerberg (cont.) TL;DR A series of disputes and lawsuits make up the legal and business history of Facebook. It starts with the Winklevoss twins and Divya Narendra suing Mark Zuckerberg in 2004. They accused him of stealing their ConnectU idea to create Facebook. Zuckerberg faced another lawsuit from co-founder Eduardo Saverin over share dilution. Saverin received $5 billion in shares. Facebook’s rapid growth attracted major investments. This included a $240 million stake from Microsoft in 2007, valuing the company at $15 billion. Zuckerberg achieved billionaire status by 2008. Facebook acquired Instagram in 2012 for around $1 billion. Zuckerberg attempted to buy Snapchat in 2013. Facebook’s rise also led to concerns over its role in spreading disinformation. This was particularly evident in the political unrest in Southeast Asia in 2015. Facebook’s business model evolved into surveillance-driven advertising. Facebook’s influence expanded. Peter Thiel was an early ...
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Sean Allen Fenn pfp
Sean Allen Fenn
@seanallenfenn
407 units. 1984. Tampa Florida. ⓘ This is not an offer, solicitation of an offer, to buy or sell securities. Past performance is not an indication of future results. Investing involves risk and may result in partial or total loss. Prospective investors should carefully consider investment objectives, risks, charges and expenses, and should consult with a tax or legal adviser before making any investment decision.
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Sean Allen Fenn pfp
Sean Allen Fenn
@seanallenfenn
Methods of Prosperity 39 TL;DR Mark Zuckerberg was a child prodigy. He learned to code and ship useful software. This included CourseMatch, which helped students choose their classes. That predated Facemash, the hot-or-not game. He co-founded Facebook at Harvard University in 2004. Eduardo Saverin contributed significant financial support. Facebook grew in popularity. This motivated Zuckerberg and co-founder Dustin Moskovitz to move operations to Silicon Valley. Sean Parker, co-founding Napster, played a crucial role in Facebook’s early development. He became its first president and helping secure essential investments. This included a pivotal $500,001 angel investment from Peter Thiel. As Facebook evolved, tensions arose between Zuckerberg and Saverin. Zuckerberg arranged the dilution of Saverin’s shares. This restructuring removed Saverin from the company. Facebook began turning into a major social media platform. This transition enabled further investments and set the stage for its global ...
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Sean Allen Fenn pfp
Sean Allen Fenn
@seanallenfenn
Now it was out there. She changed her relationship status from “single” – to – “in a relationship”. That sinking feeling in the pit of his stomach clenched, writhing into a wad of regret. For some reason, they remained friends after their breakup, and she moved on. He knew better than to react at all. Holding back his comment, he clicked “Like” and logged off. The above story is fiction, but there was a place in your mind where you knew exactly where it was taking place. Facebook. Methods of Prosperity 38: Mark Zuckerberg.
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Sean Allen Fenn pfp
Sean Allen Fenn
@seanallenfenn
@clanker deploy a wow token Name: SelfActualizer Symbol: SLFACTZR
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Sean Allen Fenn pfp
Sean Allen Fenn
@seanallenfenn
Methods of Prosperity 37 TL;DR Reid Hoffman is a co-founder of PayPal. After eBay acquired PayPal, Reid Hoffman co-founded LinkedIn with Eric Ly in 2003. Reid Hoffman and Eric Ly envisioned a platform that would do three things. Help individuals find jobs. Connect with professionals in their field. Enhance their career prospects through online networking. LinkedIn focused on professional networking and career development. That set it apart from other social media platforms like Facebook and Myspace. LinkedIn would emphasize users’ professional connections. It did this through profile pages. Resumes, job listings, and networking opportunities connected users. In its early days, user adoption was slow. Microsoft acquired LinkedIn in 2016. Their price was over US$26 billion. It was the largest acquisition in Microsoft's history.
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Sean Allen Fenn pfp
Sean Allen Fenn
@seanallenfenn
Methods of Prosperity 37 TL;DR Reid Hoffman is a co-founder of PayPal. After eBay acquired PayPal, Reid Hoffman co-founded LinkedIn with Eric Ly in 2003. Reid Hoffman and Eric Ly envisioned a platform that would do three things. Help individuals find jobs. Connect with professionals in their field. Enhance their career prospects through online networking. LinkedIn focused on professional networking and career development. That set it apart from other social media platforms like Facebook and Myspace. LinkedIn would emphasize users’ professional connections. It did this through profile pages. Resumes, job listings, and networking opportunities connected users. In its early days, user adoption was slow. Microsoft acquired LinkedIn in 2016. Their price was over US$26 billion. It was the largest acquisition in Microsoft's history.
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Sean Allen Fenn
@seanallenfenn
Methods of Prosperity 36 Newsletter examining the methods used by historical figures to accumulate wealth. Nothing like this existed before. Cell phones now have built-in cameras! MySpace had eclipsed Friendster. No one outside of Harvard University knew what “The Facebook” was. Three guys who worked at PayPal were about to change the world. They would create something that up until then had been unfeasible. Part 36: YouTube co-founders. Steve Chen, Chad Hurley, and Jawed Karim (PayPal Mafia continued)
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Sean Allen Fenn
@seanallenfenn
MicroStrategy announces $42 billion capital plan. This includes $21 billion ATM equity offering. Plus a target of raising $21 billion in fixed-income securities.
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Sean Allen Fenn
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Methods of Prosperity 35. TL;DR Elon Musk took over as CEO of Tesla Motors in 2008. It was after a series of escalating conflicts and financial difficulties. Elon Musk ousted Martin Eberhard. Musk assumed leadership of the company as CEO and product architect. Tesla’s board of directors appointed Michael Marks as Tesla’s interim CEO, followed by Ze’ev Drori in 2007.  In 2008, Tesla had delivered only 50 Roadsters despite having received more than 1,200 orders. Tesla failed to secure a $100 million investment round in October 2008. Alan E. Salzman allegedly blocked Tesla’s funding round. He was co-founder, CEO, and Managing Partner of VantagePoint. His motive may have been to gain control of Tesla Motors’ assets.  Tesla Motors announced a debt financing round of $40,167,530 in November 2008. On December 23 2008, SpaceX received $1.6 billion as payment for twelve flights to the space station.
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Sean Allen Fenn
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Methods of Prosperity 34 TL;DR Martin Eberhard and Marc Tarpenning founded Tesla Motors in 2003. They needed to raise $7,000,000 for a prototype of the Roadster from a leading investor. That investor would be Elon Musk. He’d already started working on a similar project with JB Straubel. The EP1 Roadster helped attract $40 million for Tesla Motors’ Series C round in May 2006. By 2007, the Roadster hadn’t shipped to customers yet. At the same time, Elon was trying to get SpaceX off the ground (pun intended). The third Falcon 1 launch failed in September 2008. If the fourth launch failed, that could be the end of SpaceX. In 2008, the economy worsened from the subprime lending fallout. Elon was afraid either SpaceX or Tesla was going to run out of funding.
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Sean Allen Fenn pfp
Sean Allen Fenn
@seanallenfenn
Methods of Prosperity 34 TL;DR Martin Eberhard and Marc Tarpenning founded Tesla Motors in 2003. They needed to raise $7,000,000 for a prototype of the Roadster from a leading investor. That investor would be Elon Musk. He’d already started working on a similar project with JB Straubel. The EP1 Roadster helped attract $40 million for Tesla Motors’ Series C round in May 2006. By 2007, the Roadster hadn’t shipped to customers yet. At the same time, Elon was trying to get SpaceX off the ground (pun intended). The third Falcon 1 launch failed in September 2008. If the fourth launch failed, that could be the end of SpaceX. In 2008, the economy worsened from the subprime lending fallout. Elon was afraid either SpaceX or Tesla was going to run out of funding.
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Sean Allen Fenn
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Methods of Prosperity no.33 TL;DR PayPal sold to Ebay, providing Elon with $100 million to put into SpaceX. During this time, Elon and Justine lost their first child. Elon’s determination intensified. SpaceX built the first low-cost rocket built from scratch, failing to launch 3 times. In 2003, Elon partnered with JB Straubel to build electric cars.
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Sean Allen Fenn
@seanallenfenn
Methods of Prosperity no. 32 Elon Musk: SpaceX/PayPal Mafia boss (cont.) Thinking from First Principles. TL;DR Elon and his team failed to get a hold of Russian ICBMs. On the flight home, Elon formalized how to build a modest sized rocket for a specific market segment. He showed the crew his spreadsheet. It showed all materials, costs, and and calculations. He proved it was possible to assemble and launch a rocket. SpaceX would create a whole new sub-market, providing low-cost rockets to the world. Key lessons: • Be the kind of person who attracts money. • Your reputation precedes you. • Think from First Principles.
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Sean Allen Fenn
@seanallenfenn
Would you be opposed to supporting artists who accept payment in sats? My latest single, Anything You Desire (Prosperity Mix) is on the usual streaming platforms, sound xyz, and now https://wavlake.com/album/5d2ef304-3518-400b-81a8-efc44f52751c
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Sean Allen Fenn
@seanallenfenn
Rediscovered this podcast interview. I thought she took it down for whatever reason. But here it is! https://fountain.fm/episode/5xrhzI7H9X0HEaReikhP
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Sean Allen Fenn
@seanallenfenn
The term “PayPal Mafia” refers to its founders. This includes Musk, Thiel and Hoffman. They went on to invest in and found great companies in Silicon Valley. eBay acquired PayPal for $1.5 billion. After PayPal, Musk revisited his interest in space travel and donated to The Mars Society. Elon Musk wanted to send mice to Mars but needed a rocket. He tried buying refurbished ICBMs from Russians who rejected his $8 million offer. Discouraged, he and his team returned to the US empty-handed.
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