Election Betting

Good afternoon LPs,

This past weekend everyone in NYC was celebrating Halloween. Apparently dressing as Patrick Bateman from American psycho & telling 24 year old girls in a Brooklyn bar about the importance of lower taxes is a bad way to get laid. Lesson learned. Anyway, here’s what we talk about in today’s newsletter:

• Billionaire Says You Can’t Hire People Over 30

• Robinhood launches election betting

Let’s get into it.

Billionaire Says You Can’t Hire People Over 30

On Saturday a clip of the notorious VC bad boy Keith Rabois went viral after he claimed that it was impossible for startups to hire anyone qualified over 30 years old. 

For those of you that don’t know, Keith is a long time friend of Peter Thiel, a former PayPal executive, & the founder of Open Door. 

Rabois must be on to something here because my dad used a similar approach when hiring secretaries & babysitters. You weren’t allowed to watch his kids if you were a guy or over the age of 25. 

Obviously I have no problem with this strategy, young people are cheap & easy to exploit. 

But people on X were far less forgiving to Keith. Here’s my favorite exchange between a critic & Rabois. 

Robinhood Launches Election Betting

Robinhood, the mobile trading app, announced that users could now bet on the outcome of the U.S. election. 

This is such a hot issue that Joe Rogan & Donald Trump discussed it on their podcast last Friday. 

I’d show you the clip but I could get sued - so instead I’ll share the transcript.

“You’re telling me you can bet on the outcome of the election on a mobile app. 

Joe, they just released it. I’m betting on myself. Kambala would never bet on herself. Sleepy Joe & Scaredy cat KAMBALA. No guts. 

But wait wait wait - are you legally allowed to bet on yourself to win an election? 

Legally? This is America Joe. The only ways to make money are gambling & TITS. I’d get on OnlyFans but Melania won’t let me. Jealous. She’s jealous I would get more subs than her.”

Memes

jabronicap

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This is the greatest entrepreneurial mind of our generation.

mytechceo

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Honestly that’s not a bad deal.

Idk if you can tell, but I love this guy.

Song of the Day

There’s something about Fall that makes me want to listen to sub par 90s music & kick piles of leaves. If you’d like to join me in this annual tradition, I suggest listening to this:

Newsletter Feedback

I’d love your feedback on what sort of content you’d like to see or how you think I could improve :)

That’s all for this week folks,

Jack Kuveke (J.K.) | GP @ Jabroni Capital