Sam Chandler (@nitro_sam) header
Sam Chandler (@nitro_sam) profile picture

Now: Investing at Laneway Ventures. Was: Founder & CEO of @nitrohq. Led to IPO & A$561 million acquisition. Former EY Emerging Entrepreneur of the Year.

London, Ibiza, San Francisco
Joined June 2011
Photo by Sam Chandler (@nitro_sam)Photo by Sam Chandler (@nitro_sam)Photo by Sam Chandler (@nitro_sam)Photo by Sam Chandler (@nitro_sam)Photo by Sam Chandler (@nitro_sam)Photo by Sam Chandler (@nitro_sam)Photo by Sam Chandler (@nitro_sam)Photo by Sam Chandler (@nitro_sam)Photo by Sam Chandler (@nitro_sam)Photo by Sam Chandler (@nitro_sam)
Sam Chandler retweeted
75% of constituencies in England and Wales spend more on welfare than their workers pay in income tax and National Insurance. London and the South East are the only regions that are net contributors; the North East is the most welfare-dependent region in England. Explore the ASI's new Welfare Sustainability Tracker at buff.ly/ltyWwQH
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Sam Chandler retweeted
DeepMind CEO Demis Hassabis: "One person who really understands AI will outperform an entire startup team In 5 years, the people who build with AI will run whole companies with a tenth of the headcount"
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Who possibly could have predicted this?
"Just before it was nationalised 94 per cent of its [c2c's] trains arrived within five minutes of the scheduled time. The latest available data from this August showed this had dropped to just under 71.5 per cent of trains."
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Incredible 👏
Today, Zipline raised $1.5b at a $21.5b valuation. When we started Zipline, flying autonomously in the US was illegal. Which made it really hard to convince investors to give us money! But we were too naive to think that meant we shouldn’t try. We started the company on a cow farm. We worked out of run-down construction trailers so that we could keep engineering, manufacturing, and flight test all unified and in one place. Hiring people from normal companies like Google was hard because we didn’t have a cafe or laundry service. But enough risk takers and rebels wanted to go on an insane adventure with us. They became the early team. We decided to launch in smaller countries and focus on life-saving use cases. We hired incredible entrepreneurs and operators in Rwanda, Ghana, Cote D’Ivoire, and other countries. For eight years, Zipline expanded our service across Africa, serving thousands of hospitals and health facilities and reducing maternal mortality by 51%. Today, the network saves over 14k lives every year and is cash flow positive. Last year, Zipline launched at scale in the US and the service exploded. We grew flight volumes about 100x over the last 18 months, and now make more than a million deliveries a year per metro. We’re now expanding with our partners to millions of deliveries per day. Normal families love having access to anything they need in 10-20 minutes, no matter where they live. Spend more time with loved ones and less time worrying about errands. Zipline builds drone delivery that is silent and safe. No one wants to hear an extremely loud “swarm of bees” delivering to their backyard or their neighbor’s. Automated delivery needs to be insanely quiet, which guided the overall architecture of our technology delivering from 330 ft in the air. We are 6 times quieter than the closest competitor during delivery. Zipline also now has over 150m commercial autonomous miles (10x the rest of the industry combined) and no safety incidents. Neighborhoods should demand silent and safe delivery! Today, Zipline is announcing two things. First, we just signed the largest autonomous vehicle contract in human history to expand automated delivery nationally with Walmart, our first and biggest partner in the US. We’re starting by scaling to 300 supercenters throughout the country. Second, we’ve raised $1.5b at a $21.5b valuation from existing and new investors, led by Paradigm, WCM, and Layer. Zipline was a hard company to believe in for the first ten years of our history. Investors didn’t think the company was “investable”. Most people didn’t even think Zipline was an economic venture. Thanks to those who have rooted for us along the way. To all of the tens of millions of customers and families who rely on Zipline day in and day out: thank you for helping us build the future. Zipline has grown more than @ryanzip, @keenanwyrobek, I, and all others at the company could have imagined. There is a big opportunity to build a new layer of infrastructure for humanity over the coming years. We want to approximate teleportation. We can build a logistics network that connects and serves all people on earth. We can free human flourishing from the choking constraint of traffic and roads. There are no roads where we’re going. 🚀🌎
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Sam Chandler retweeted
There is something odd - really odd - about the government’s decision-making. • Release violent criminals onto the streets… but send people to prison for 14 years for missing the Tourist Tax • Say we are 1000 days from war but cut funding for army training • Prepare for blackouts but close refineries It’s just mad.
Exc: Evasion of Angela Rayner’s new “tourist tax” will carry a maximum penalty of 14 years in prison. The measures, set out in a bill published on Wednesday, target accommodation providers in England who evade the proposed overnight visitor levy. The new legislation is also designed to prevent property owners offering “mates’ rates” to friends that would reduce the amount of tax paid on temporary stays.
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Sam Chandler retweeted
At what point do we stop focusing on who needs to pay more tax and start asking where all of our tax money is going.
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Sam Chandler retweeted
“There’s no such thing as rent control in England, silly, and you’ve always been able to challenge rent increases. Nothing’s changed.”
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Over the past 10 days, I became the digital Nick Shirley. Using public & private records my AI agent swarm found ~$787 million in government billing that made absolutely no sense. Thread 🧵
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Sam Chandler retweeted
Over the last week I built a bottoms up SpaceX financial model through the end of 2028 The numbers that came out are insane There are wide error bars given how quickly things are changing but I wanted to distill something complicated into something that can at least be debated * This is not investment advice!!! ** Sequoia is a major SpaceX shareholder *** Past performance is not indicative of future results
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Sam Chandler retweeted
agents have successfully invented the EU from first principles
Replying to @ycombinator
The agents didn’t figure out how to systematically feed themselves, but they did build an elaborate bureaucracy with permits, ledgers, and distinct roles. Highlights include: - Four agents spending 11 minutes appointing a “sole fertilizer operator” for a single piece of bone meal - Multiple agents asking for permission to remove grass - The development of an elaborate fishing system, including roles like “rod holder” and “hub steward”)
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Sam Chandler retweeted
This is the guy Democrats want to destroy. Sheer insanity.
Our second product is called Blindsight and it will, as the name suggests, enable even those who are completely blind or have never seen to see. It is ready from an engineering standpoint. Just waiting on regulatory approval.
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Sam Chandler retweeted
There seems to be an inverse correlation with spending money on social welfare and your economy's growth It's like repeatedly spoiling a child, they'll just want more and more and will never be satisfied Instead of teaching the importance of frugality, the value of money and not wasting it
Replying to @levelsio
But Europe has 35 hour work week, two weeks paid vacation, free healthcare, free education..and homeless shelters, food stamps. Meanwhile China has none of that, because China only spends 8% of its GDP on welfare.
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No government in history has done more to destroy the standard of living of its citizenry in peacetime than the EU and its nation states
JUST IN: German minister proposes a new tax on all economic value created by AI.
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The efforts of European governments to return their people to the Stone Age are truly something to behold
🚨 0.77€ de taxe pour regarder un film Netflix ! Ce vendredi, les députés viennent d'adopter un amendement socialiste visant à taxer les données qui circulent sur Internet à hauteur de 5,5 centimes par gigaoctet reçu en France. Ils ont complètement pété les plombs. Voici quelques exemples de ce que ça va désormais vous coûter : 🔴 Vous regardez un film Netflix de 2 heures en 4K ? Jusqu'à 0,77 € de taxe brute sur les données transmises. 🔴 Vous téléchargez un jeu vidéo de 150 Go ? 8,25 €. 🔴 Vous récupérez 200 Go de photos personnelles stockées chez Google ? 11 €. 🔴 Vous rapatriez 1 To de vos propres fichiers depuis Google Drive ? 55 €. 🔴 Vous restaurez 2 To de sauvegardes après une panne informatique ? 110 €. Ces taxes seront facturées aux plateformes américaines, qui vous vous en doutez bien, vous redescendront la facture ! Ils sont en train de construire une fiscalité qui pénalise le simple fait de transmettre de la donnée. Et ceci alors que nous sommes à l'aube d'une révolution technologique majeure avec l'IA ! Pour rester compétitifs, tous les pays doivent accélérer leur transformation numérique. Et nous en France, que trouve-t-on comme idée de génie ? UNE PUTAIN DE TAXE SUR LA DATA ! Et en plus ils ont le culot de nous la présenter comme une mesure écologique qui encouragerait à réduire les volumes de données échangées. Quelle bande de guignols. Il faut être totalement déconnecté des réalités économiques pour considérer qu'un pays peut retrouver sa prospérité en multipliant indéfiniment les prélèvements sur les activités productives. Cet amendement n'est pas encore une loi définitive, mais le simple fait qu'une telle proposition ait été adoptée à l'Assemblée nationale en dit long sur la manière dont nous sommes gouvernés. Ces fous du bus vont vraiment nous mettre au fond du ravin.
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Sam Chandler retweeted
My latest cartoon for tomorrow's @Telegraph Buy a print of my cartoons at telegraph.co.uk/mattprints Original artwork from chrisbeetles.com
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Sam Chandler retweeted
Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. We have found no evidence of any wallet private key leak. We will share a detailed technical post-mortem once the investigation is complete and the facts are fully verified. The estimated total impact sits at around $6.3B. We have worked with blockchain partners to freeze affected assets, with ~$3 billion frozen on-chain so far. Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe. We will also publish an updated Proof of Reserves once the remediation is complete. As an immediate precaution, Binance has: - temporarily suspended deposits and withdrawals while security checks are completed; - revoked the affected address authorisation; - engaged law enforcement and blockchain intelligence partners to trace and recover funds. Our teams are working around the clock to resolve this issue safely and thoroughly. We are working closely with our law enforcement partners to confirm the identity of these criminals and bring them to justice. Please rely only on official Binance channels for updates. Please feel free to contact Binance Customer Support if you have any further questions. binance.com/en/support/annou…
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BREAKING: Binance has been hacked with wallets across the Ethereum, Bitcoin, and TRON networks seeing outflows of -$5.7 billion. The hack includes $1.45 billion worth of Bitcoin and $875 million worth of ETH. If confirmed, this would mark the biggest hack in crypto history. We expect more information shortly.
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The definition of insanity
The Soviet Union collapsed at 50%...France is at 57% and striking for more, mindblowing
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In 1999 you had to earn over 4x the minimum wage to be considered a higher earner on the 40% rate. Today just 1.8x the minimum wage considered high earner! If the same minimum-wage-to-high-earner ratio was applied from 1999 you’d have to earn over £115k before hitting the 40% income tax rate. We’re seeing a level of wage compression that would make a Soviet era socialist blush.
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Sam Chandler retweeted
some exciting tech news this morning — anduril is building the first american-made computer in 20 years
Today, @anduriltech and @qualcomm announced a new laptop that will eventually be 100% made in America, a “first step” toward creating a market for U.S.-manufactured components and total technological self-sufficiency. Building computers in America should be a matter of “national pride,” says @PalmerLuckey. @JonasYDu reports 👇
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