I buy small profitable SaaS for small businesses at Noosa Labs. Venture @LongJourneyVC / 1st Exec @Checkr / Host of Indie Board Session

www.noosalabs.com
This is an important analysis.
This post looks like the start of a VERY sophisticated and well-funded PR operation to get support for Democrats to regulate AI into oblivion. Let me show you how it works: 1.) This guy, with minimal followers and no previous account activity, goes to the Wall Street Journal which publishes an exclusive with quotes from him on his resignation 18 minutes BEFORE this post goes up. Planning was clearly done in advance. 2.) Within hours, it has tens of thousands of reposts and the account has 100k+ followers. The post is punchy, quotable, it almost seems professionally written. The first three accounts to quote tweet it all do so within 15 minutes of the initial posting. Remember, this account had basically zero engagement beforehand, so an organic reach explanation seems unlikely. According to Grok those accounts are @_NathanCalvin (General Counsel at Encode AI), @peterwildeford (Head of Policy at the AI Policy Network), and @DKokotajlo (Head of the AI Futures Project), all of which are up-and-coming AI-Doomer policy advocacy nonprofits. The AI Futures Project website says it is funded “primarily” by the Survival and Flourishing Fund, which says on its own website that it has advised Jaan Tallinn, Skype creator and one of the leading investors in Anthropic, to grant over $2.5 million to the AI Futures Project since 2024. Encode AI says on its website that it is ALSO funded by the Survival and Flourishing Fund, which in turn says that it told Anthropic investor Jaan Tallinn to grant $516,000 to Encode AI in 2025. And wouldn’t you know it, the Survival and Flourishing Fund ALSO says it told Jaan Tallinn to grant $2 million to the AI Policy Institute, the 501(c)(3) affiliate of the AI Policy Network, as well. What are the odds that the first three quote tweets of Coxon’s post would all be major AI-restriction policy advocates funded generously by the same donor, who also happens to be one of the leading investors in, and a board member of, Anthropic, the company Coxon was resigning from? And all within 15 minutes of posting (two within ten)? 3.) Jacob Coxon doesn’t have much of a resume, but we do know that, in 2022, he got a $20,159 scholarship for the “long term future scholarship program” from the Good Ventures Foundation, one of the philanthropic vehicles of Dustin Moskovitz, a notorious AI-doomer who has spent tens if not hundreds of millions on policy advocacy to strictly regulate AI, while also being an Anthropic Investor himself. It also just so happens that the 14th person to quote Coxon’s post was @MaxNadeau_ (27 minutes after posting) who is the program officer for the Technical AI Safety team at Coefficient Giving, another of Moskovitz’s philanthropic spending vehicles. Max is not a frequent poster, his last posts before quoting Coxon were before Labor Day, but he was remarkably quick off the mark for this one. 4.) Basically every major Democrat politician and candidate has suddenly glommed on to this post, and conveniently, as the people cry out foe answers, Bernie Sanders already has a bill written to “ban super intelligence” and regulate AI into oblivion, and will be releasing later this week. The bill, among many other things, will create “a new cabinet-level federal agency to safeguard the public from the dangers of artificial intelligence” that will be “advised by an Artificial Intelligence Advisory Board comprised of experts on artificial intelligence.” Do you think, perhaps, Anthropic and its many investors who fund AI policy advocacy might have interest in getting to place a pet “expert” on the board of an entity that dictates what AI is and isn’t allowed to do? And isn’t it fortuitous that this whistleblower came forward with his oh-so scary stories so close in proximity to the release of the most radical piece of AI legislation ever introduced?
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Congratulations @tuhinone and Phil on building such a spectacular Company. While the current growth trajectory is quite vertical, it took seven intense years to get there, so congrats on sticking through the slower beginnings and into the crazy ride as a leading AI neocloud.
We closed our Series F today at a $13B valuation. Our inference business grew 20x in the last year. I want to explain why: The growth comes from a shift I think is permanent: companies want to own their intelligence layer. Instead of relying exclusively on closed models, teams are post-training open models for their specific use cases. Customers like Abridge, Cursor, Decagon, Harvey, HubSpot, Lovable, Notion, OpenEvidence, and Parallel are building this way. But post-training is still more of an art than a science. That’s why we’ve been working hands-on with customers to build specialized models that match or exceed closed models on the tasks they care about. We provide not just the weights, but also the training recipes and tooling so that they're in charge of the continual learning process. I think more companies, both AI-natives and enterprises, will own their intelligence layer. And I’m excited to help build that future.
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Alex and Passport have been relentless in their execution since our investment in their first pre-seed round! Through a pandemic, a DTC crash, and everything in between. Happy to see a great guy (and his team) win! Global-e seems like a perfect match!
Today marks one of the most meaningful milestones in Passport’s journey: we’ve signed an agreement to be acquired by Global-e Nine years ago, Passport started with a simple but ambitious vision: Help brands reach their global potential. Since then, we’ve built a proprietary global shipping network that now leads the market in transit times and customer experience, along with a full suite of solutions that supports brands at every stage from cross-border enablement to in-country operations and marketplace management. And most importantly, we earned the trust of incredible brands and 3PLs around the world. What makes this moment special is that great companies are bought, not sold. As we continued to build for the future, Global-e approached us because they saw the value in what this team built: our logistics infrastructure, our operational depth, our customer relationships, and our approach for enabling global commerce. This partnership is so exciting because our visions to help brands go global are deeply aligned. Together, we can help more brands expand globally, faster and more confidently, with a more complete solution than either company could offer alone. To our customers: thank you for trusting us with your brands, your growth, and your customers around the world. Many of you took a chance on Passport early, partnered closely with us, pushed us to improve, and helped shape the company we are today. To our partners: thank you for helping us build a truly global ecosystem. Cross-border commerce is impossible without strong operational and strategic partnerships, and we would not be here without you. To our investors: thank you for believing in Passport’s vision from the beginning and for supporting us through every stage of growth. Your partnership, guidance, and conviction helped us build a company capable of redefining what global commerce can look like for modern brands.  And to the Passport team: thank you. This moment belongs to all of you. Thank you for the late nights, the ownership, the resilience, the creativity, and the belief in what we were building especially during the hard moments. What this team accomplished over the last 9 years is extraordinary, and this acquisition is a direct reflection of that work. I couldn’t be more proud of what we’ve built together. And the best part is we’re just getting started. Press Release here: investors.global-e.com/news-…
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Pascal Levy-Garboua retweeted
Hamas Declares War: In a bizarre twist of events, Hamas has officially declared war on me today, calling me a “suspicious figure,” after its leader, Basem Naim, came out against me because a Board of Peace official had retweeted a post of mine, triggering a cascade of events by the terror group and its online armies. Naim said that I am a “suspicious person” who has maligned Hamas and that my condemnation of the terror group is “fascist, racist, and extremist” because, according to Naim, my depictions of Hamas are “inaccurate.” He attacked the Board of Peace official for retweeting me, questioning how a “suspicious” person like me could be taken seriously. Hamas’s media office then issued statements on my page, while their outlets published articles inciting against me and accusing me of “marketing Zionist projects to eliminate the resistance and deport Gaza’s population,” all of which began trending on Gazan social media. Hamas didn’t just go after me; they also viciously attacked the UAE and its leadership, claiming I am “wholly financed by the Emirates” and an “agent of media empires they control.” They even targeted the Realign For Palestine initiative, falsely alleging that the UAE Foreign Ministry funds me (they don’t). Hilariously, they added that I write for “Zionist platforms like Haaretz to malign the resistance” and call for peace and reconciliation – interestingly, I’ve only ever written for Haaretz twice in 2017 and 2024. Unfortunately, attacks by Hamas’s leaders and government against me triggered an avalanche of online hate by the group’s members and terrorists, including those who were calling for there to be “operations like the 1972 Munich attack to deal with agents and those who seek to weaken the resistance in Western countries,” in reference to me. All of this started because of a post that called out Hamas for not allowing the construction of new accommodations for displaced Gazans near the Rafah area beyond the “Yellow Line,” and because I said that, like many other conflicts, civilians must not be left along with combatants if there is ever to be hope for the removal of terrorists and the reconstruction of Gaza for its people. Hamas knows exactly why my words hit a nerve. They know that moving civilians out of the red zone they control and creating a new reality beyond the “Yellow Line” with better housing, health, education, and security under an International Stabilization Force and a new Gaza police force is the only strategy that will weaken them. They fear any plan that removes their leverage, their ability to weaponize Gazans suffering, and their access to aid and resources. So if Hamas and Basem Naim want a war, they have one. And I’m only getting started. Now that we know what triggers them, this is precisely the strategy the Arab world, the international community, the United States, the European Union, the Board of Peace, Israel, and the United Nations must pursue, maximally and without hesitation.
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Saw a business last week. 6 months old, $20K MRR, profitable, growing fast. Built entirely with AI tools. It works, but the code's a black box. Vibe-coded businesses are hitting the acquisition market. Buyers like me need to figure out what they're actually worth. 🧵 1/7
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7/ The moat was never the code. It still isn't. But the risk profile of AI-built businesses is different, and buyers need to adjust their diligence accordingly. What's your take on vibe-coded businesses? 👇
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6/⚠️ What's the rebuild cost? Sometimes the honest answer is: the code isn't maintainable, but the concept is proven. In that case, I price in a full rebuild. That changes the math significantly.
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5/⚠️ Is the growth real or manufactured? Fast growth on a 6-month-old product could be great PMF, or a viral moment that's already over. I look at cohort retention, not topline MRR. If 3-month customers churn at 15%, the growth story is a mirage.
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4/⚠️ How fragile is the stack? AI code can be brittle. One library update, one API change, and everything breaks. I want to know: Is it modular? Are there tests? Or is it copy-pasted from Claude and no one understands what it does?
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3/⚠️ Can you ship without the founder? If they're the only one who can prompt AI to fix bugs, you're not buying a business. I need to know if a competent dev can pick this up, or if the whole thing collapses when the founder walks.
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2/ I don't dismiss them outright. If the product solves a real problem and customers keep paying, code quality matters less than you'd think. But I do ask harder questions upfront.
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We’re all told to stay scrappy. But staying scrappy too long can quietly destroy your business. No one wants to waste their cash, but it is worse to waste your energy on tasks that distract you from growing.
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Sometimes the best investment isn’t in tools or ads. It’s in buying back your time.
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Everyone glorifies “speed.” But before product-market fit, speed can kill you. Gino Cateriano, founder of Evalart, once spent months making only one sale per month. He could not even find free customers. Most would have quit. He didn’t.
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Before PMF, your job isn’t to win. It’s to endure intelligently: to test, listen, refine, and keep going until you find the signal. How do you stay patient when progress feels invisible?
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I’m back in the arena! This is my November Founder report. Since my GM left, I’ve moved from a “chairman of the board” position to a CEO role for our operating business unit. It’s more work (on top of looking for new acquisitions), but it is good to be back in the game.
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𝐏𝐨𝐝𝐜𝐚𝐬𝐭 & 𝐂𝐨𝐧𝐭𝐞𝐧𝐭: Published 3 killer episodes: - An in-person interview with Quentin from Jarvi who bootstrapped his business to $120k MRR in a few years with a very deliberate approach to finding product market fit and growth. - An indie board session with Jason Zigelbaum from ZigPoll where we helped him think through platform dependency and hiring technical talent as he prepares to grow beyond $1M ARR next year! - A short recap where I highlight the lessons learned from recent interviews:founder mindset, finding product market fit, and hiring. My solo episodes are not our best performers, but this one’s packed with takeaways in only 15 minutes!
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𝐓𝐡𝐞 𝐑𝐞𝐚𝐥 𝐓𝐚𝐥𝐤: I came back from a series of trips with renewed energy. We are looking at improving quality and speed across the board. The bar is higher, and we need to clear it. As for speed, it is contagious: show an ambitious person someone else who is doing the same job twice as fast, and guess what, they want to go faster too! I love that. PS: For those who don’t know me, I’m Pascal, serial acquirer, #entrepreneur, podcast host and #tech investor, #buildinginpublic at Noosa Labs.
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