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Meta–Scale AI Deal Tensions, Ken Griffin’s Next-Gen Finance Empire | Arielle Zuckerberg, Mike Maples, Andrea Hernández, Farooq Malik & Charles Yoo-Naut

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Sep 2, 2025
Andrea Hernández, founder of Snaxshot, dives into the rise of non-alcoholic beverages and the concerns over protein-overload in food trends. Farooq Malik, co-founder of Rain, reveals how stablecoins are transforming global payments with their recent successful funding round. Mike Maples shares his insights on 'Thunder Lizards,' citing the traits of disruptively innovative startups. Together, they explore how technology is reshaping consumer behaviors and financial systems, while addressing the absurdity of modern food culture.
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INSIGHT

Scale Lacks Natural Monopoly Dynamics

  • Scale's core business lacks a clear winner-take-all network effect, making its long-term compound value uncertain.
  • Meta's strategic rationale was to assemble in-house frontier capability rather than to buy an endlessly compounding data annuity.
ADVICE

Assemble Complementary Lab Talent

  • If you can't hire the absolute star researchers, combine dealmakers with the right researchers and engineers to build a competitive lab.
  • Bet on assembling mission-driven teams rather than expecting a single superstar to carry the lab.
INSIGHT

Data + Ops Built A New Finance Powerhouse

  • Citadel combined deep quantitative math and lean operations to scale market making and expand across asset classes.
  • That operational and data-driven approach created a modern 'next-gen' financial firm with outsized returns.
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