Managing Partner @deepwatermgmt. Views/opinions are personal and are not investment advice.

Cheers to the 'Halo Effect'! #Apple50
It's been fun to see bits of Apple history today. Here's my contribution from the archives. In November of 2004 we raised our price target on $AAPL to $100 and never looked back. #Apple50
1
150
The pace in tech right now is as fast as I've ever seen it. At the same time, it feels like the AI revolution is just getting started. Here are five developments from this week that suggest to me that we're we’re still very early... 🧵
3
5
22
25,139
Jeff Bezos also raised $6.2B for his new company, Project Prometheus that is building “AI for the physical economy,” including aerospace, computers and autonomous cars. My take: The world’s best entrepreneurs are just getting started on new AI projects.
1
8
695
Andrew Murphy retweeted
Thought of the day: Apple is in a pretty darn good spot no matter how much they mess up Apple Intelligence, because we're not going anywhere. 🚀 Setting aside Apple devices are the highest quality, here are @ahmurphy and my six favorite Apple hardware, software and services tie ins. 1. Watch find my iPhone. 2. Copy and paste in the cloud across devices. 3. iPhone and Watch as an Apple TV remote. 4. Content library across devices. 5. Screen time requests that can be approved across devices. 6. AppleCare + underwrites risk of a lost phone that requires "Find My" enabled. This makes it easier for people to find their phones and less likely they make a claim. This allows Apple to offer insurance for cheaper. In 2021 I paid $8 a month now $12. $AAPL
14
7
74
12,018
Every now and again, innovators share a look behind-the-scenes. Jony Ive's track record is second to none (Mac, iPod, iPhone, iPad). So, I followed the breadcrumbs in Sam Altman and Jony Ive's recent letter to see what the future may hold. deepwatermgmt.com/sam-jonys-…
3
4
16
7,893
Everything about this would make Steve Jobs smile. He would be thrilled to see Jony taking on new, important work, now as a mentor of one of the world’s most promising entrepreneurs. And I think Jobs would even give a wry smile at Jony’s rebellious move to do it outside of Apple.
1
1
230
Andrew Murphy retweeted
Big news: Invisible (a Deepwater portfolio company) hired a new rockstar CEO, Matt Fitzpatrick. Formerly, he was a senior partner and global head of QuantumBlack Labs at McKinsey. If you don’t know QuantumBlack, it’s 1k engineers that help large companies build AI into their business. Matt is the perfect person to scale Invisible to over a billion in revenue. A little more on Invisible: they provide AI training for leaders like OpenAI, Microsoft, Amazon and other large tech companies. The Information published a story on them today: theinformation.com/articles/…
2
1
60
14,064
Happy Thanksgiving! We shared this note with @deepwatermgmt investors earlier today. May your holiday be filled with love and trust. deepwatermgmt.com/philosophy…
1
173
Andrew Murphy retweeted
Excited to announce @PaymanAI has raised a $3M pre-seed to pioneer AI to Human Payments! 🤖 + 🧑🏽 We’re proud to be backed by @Visa, @cbventures, @BoostVC, @deepwatermgmt, @SpartanGroup, @UntappedVC, @TheoryForgeVC and other awesome investors! With Payman, AI can pay humans to help them complete tasks like marketing ones shown in the video. Our Vision We believe AI and Humans will always work together. Giving AI the capability to work with humans involves giving them access to capital, and access to humans. Payman’s platform makes it easy for AI to pay humans for what it needs. This includes information, tasks that need to be completed, and so much more. We believe a key reason that AI Agents have struggled is because they aren’t able to ask for help from humans and incentivize them to help out. Building out the AI-Human payments infrastructure solves this and it’s why we’re so excited about what we’re building. Today 100% of the global economy is human to human payments. AI will start to eat a big chunk of that and Payman will be the rails by which it does so. How it’s going Since announcing Payman a couple of months ago we have 15,000+ people on the waitlist ready to use the product. In the meantime we’ve hired a stellar team to build out the production version of the product and have started onboarding Developers and Human’s to the platform this week. If you’re a developer and you'd like to get access, check out our website paymanai.com/forms/contact-e… and sign up for early access. Additional Rockstar Investors In addition to the above investors we’re also proud to be backed by @protofundvc, Systemic Ventures, @MetropolisDAO, and our awesome angel investors, Paris 2024 Olympic Gold Medalist @ViktorAxelsen, @devinawalsh, @nkennethk, @eek637, and many more!
42
37
286
143,600