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OpenAI's average stock-based compensation is about $1.5 million per
emplo=
yee. The company's equity awards are inflating its heavy
operating
loss=
es=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0= =E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2= =A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C= =C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80= =8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0= =E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=C2=A0=E2=80=8C=C2=A0=E2=80= =8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0= =E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2= =A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C= =C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80= =8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0=E2=80=8C=C2=A0= =E2=80=8C=C2=A0
Sign Up [1] |Advertise [2]|View Online [3]=20
=
=09=09TLDR=20
TLDR 2025-12-31
=F0=9F=93=B1=20
BIG TECH & STARTUP=
S
OPENAI IS PAYING EMPLOYEES MORE THAN ANY MAJOR TECH STARTUP IN
HI=
STORY (3 MINUTE READ) [4]=20
OpenAI's average stock-based compensation =
for its roughly 4,000
employees is about $1.5 million per employee. The c=
ompany's equity
awards, aimed at helping it keep its lead in the AI race,=
are
inflating its heavy operating losses and diluting existing
shareho=
lders. OpenAI recently announced the discontinuation of a
policy that req=
uired employees to work at the company for at least six
months before the=
ir equity vests. This could lead to further
compensation increases.=20
=
SOFTBANK HAS FULLY FUNDED $40 BILLION INVESTMENT IN OPENAI (3 MINUTE
=
READ) [5]=20
Softbank sent over the final amount to complete its $40 bi=
llion
investment in OpenAI last week. The company's stake in OpenAI is no=
w
around 11%. Softbank has been betting big on technology and AI
compan=
ies. It recently agreed to pay $4 billion for data center
investment firm=
DigitalBridge to strengthen its AI push.=20
=F0=9F=9A=80=20
SCIENCE =
& FUTURISTIC TECHNOLOGY
TESLA SHARES EPIC 2025 RECAP VIDEO, CONFIRMS =
START OF CYBERCAB
PRODUCTION (2 MINUTE READ) [6]=20
Tesla has release=
d a year-in-review video for 2025 that recaps major
achievements for the =
company. The montage celebrated the company's
progress on EVs, energy, an=
d Robotaxi development. It also confirmed
that the production of the Cybe=
rcab has started. The video can be
viewed in the article.=20
MEET A U=
S START-UP TRYING TO BREAK CHINA'S RARE-EARTH MONOPOLY (10
MINUTE READ) [=
7]=20
There is too little money to be made in rare earth to be of much=
interest to mining giants, so the challenge of reestablishing a
domest=
ic industry in the US has fallen to small companies. Metal
prices have ri=
sen in recent months as China has restricted exports in
response to US ta=
riffs. It will be difficult for local startups to
compete as China's grip=
on the industry is tight, and it is known to
sell rare-earth metals for =
less than it costs to produce them. The
biggest question is whether the U=
S government will continue to
subsidize the domestic industry, and at wha=
t level.=20
=F0=9F=92=BB=20
PROGRAMMING, DESIGN & DATA SCIENCE
=
THE EFFICIENCY PARADOX: WHY MAKING SOFTWARE EASIER TO WRITE MEANS
WE'LL W=
RITE EXPONENTIALLY MORE (6 MINUTE READ) [8]=20
Efficiency improvements =
reveal latent demand that was previously
uneconomic to address. The patte=
rn is consistent throughout history.
We are about to see an increase in k=
nowledge work output of several
orders of magnitude. This will likely rev=
eal that humanity has been
massively under-investing in knowledge work be=
cause it was too
expensive.=20
SOFTWARE ENGINEERING IN 2026 (5 MINUTE=
READ) [9]=20
The primary impact of AI tooling so far is that the margi=
nal cost of
producing code has gone down significantly. However, producin=
g code is
only part of the job, so the bottlenecks for engineering time w=
ill
shift elsewhere. The software engineering field seems poised to be
=
more mechanized, but more productive as a result. Most of the effects
of =
the mindset shift that has been accelerating for the last few
months have=
yet to be fully realized.=20
=F0=9F=8E=81=20
MISCELLANEOUS
202=
5 LETTER (72 MINUTE READ) [10]=20
Progress is a smooth trend that obscu=
res jagged details. History is a
record of thousands of years of stasis b=
efore hundreds of years of
growth. There hasn't been any constant normal =
trend ever, so no one
should expect AI to be the same. Nothing is truly i=
nevitable, but it
would be strange if progress stopped tomorrow.=20
F=
IVE TAKES TO END 2025 (7 MINUTE READ) [11]=20
A lot of the assumptions =
across the tech industry were seriously put
to the test this year. This p=
ost takes a look at some of the things
that happened to see what the futu=
re may bring. It covers OpenAI's
business, Google's dominance in AI, Alan=
Dye's role at Apple, software
on-demand, and what Apple needs to do to w=
in next year.=20
=E2=9A=A1=20
QUICK LINKS
WHEN THE LINE STOPS G=
OING UP (11 MINUTE READ) [12]=20
It's easy to make progress when you st=
art doing something, but that
will plateau over time, and it can be hard =
to come to terms with the
change.=20
10 IDEAS FOR 2026 (3 MINUTE READ=
) [13]=20
10 ideas to consider in the coming year.=20
BALANCE OF PO=
WER (25 MINUTE READ) [14]=20
As big business, big government, and big m=
ob get stronger, they can
no longer avoid frequently interacting.=20
=
TECH STARTUPS ARE HANDING OUT FREE NICOTINE POUCHES TO BOOST
PRODUCTIVITY=
(7 MINUTE READ) [15]=20
Companies like Palantir are giving employees f=
ree nicotine products
through vending machines.=20
TWO YEARS AFTER LE=
AVING GOOGLE: THE TRUTH ABOUT ENTREPRENEURSHIP (10
MINUTE READ) [16]=20
=
Entrepreneurship is hard, but it gives you a type of freedom that is
=
difficult to give up.=20
ADVICE FOR GENERALISTS WHO WANT TO JOIN STARTU=
PS (10 MINUTE READ)
[17]=20
Find a way to prove that you can identify=
useful work before you are
even hired by the company.=20
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ell your friends and get rewards!
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https://refer.tldr.tech/66662a80/ [1=
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If you have any comments or feedback,=
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Thanks for reading,=20
Dan Ni [24] & Ste=
phen Flanders [25]=20
Manage your subscriptions [26] to our other newsl=
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<div style=3D"display: none; max-height: 0px; overflow: hidden;">OpenAI= 9;s average stock-based compensation is about $1.5 million per employee. Th=
e company's equity awards are inflating its heavy operating losses&nbs= p;=E2=80=8C =E2=80=8C =E2=80=8C =E2=80=8C =E2=80=8C&nbs= p;=E2=80=8C =E2=80=8C =E2=80=8C =E2=80=8C =E2=80=8C&nbs= p;=E2=80=8C =E2=80=8C =E2=80=8C =E2=80=8C =E2=80=8C&nbs= p;=E2=80=8C =E2=80=8C =E2=80=8C =E2=80=8C =E2=80=8C&nbs= p;=E2=80=8C =E2=80=8C =E2=80=8C =E2=80=8C =E2=80=8C&nbs= p;=E2=80=8C =E2=80=8C =E2=80=8C =E2=80=8C =E2=80= =8C =E2=80=8C =E2=80=8C =E2=80=8C =E2=80=8C =E2=80= =8C =E2=80=8C =E2=80=8C =E2=80=8C =E2=80=8C =E2=80= =8C =E2=80=8C =E2=80=8C =E2=80=8C =E2=80=8C =E2=80= =8C =E2=80=8C =E2=80=8C =E2=80=8C =E2=80=8C =E2=80= =8C =E2=80=8C =E2=80=8C </div>
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107) !important; font-size: 30px;">R</span>
</td></tr></tbody></table>
<table align=3D"center" bgcolor=3D"" border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" width=3D"100%"><tbody></tbody></table>
<table style=3D"table-layout: fixed; width:100%;" width=3D"100%"><tbody><tr= ><td style=3D"padding:0;border-collapse:collapse;border-spacing:0;margin:0;=
<div style=3D"text-align: center;">
<h1><strong>TLDR <span id=3D"date">2025-12-31</span></strong></h1>
</div>
</td></tr></tbody></table>
<table style=3D"table-layout: fixed; width:100%;" width=3D"100%"><tbody></t= body></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr>
<tr bgcolor=3D""><td class=3D"container">
<table align=3D"center" bgcolor=3D"" border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" width=3D"100%"><tbody><tr><td style=3D"padding: 0px;">
<table align=3D"center" bgcolor=3D"" border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" width=3D"100%"><tbody><tr><td class=3D"container" style=3D"paddi= ng-top: 0px; padding-bottom: 0px;">
<div class=3D"text-block">
<div style=3D"text-align: center;"><span style=3D"font-size: 36px;">=F0=9F= =93=B1</span></div></div>
</td></tr></tbody></table>
<table align=3D"center" bgcolor=3D"" border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" width=3D"100%"><tbody><tr><td class=3D"container" style=3D"paddi= ng-top: 0px; padding-bottom: 0px;">
<div class=3D"text-block">
<div style=3D"text-align: center;">
<h1><strong>Big Tech & Startups</strong></h1>
</div>
</div>
</td></tr></tbody></table>
<table style=3D"table-layout: fixed; width: 100%;" width=3D"100%"><tbody><t= r><td style=3D"padding:0;border-collapse:collapse;border-spacing:0;margin:0=
;" valign=3D"top">
<table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" wi= dth=3D"100%"><tbody><tr><td class=3D"container" style=3D"padding: 15px 15px=
<div class=3D"text-block">
<span>
<a href=3D"
https://tracking.tldrnewsletter.= com/CL0/https:%2F%2Flinks.tldrnewsletter.com%2FIeUE58/1/0100019b7425995e-3d= 22ddcc-ecde-4079-a932-1e7c86cae532-000000/jQWIlyZTcR1qBtHm6E_shrFny4dgr0RTX= X-68teqfTk=3D438">
<span>
<strong>OpenAI Is Paying Employees = More Than Any Major Tech Startup in History (3 minute read)</strong>
</span>
<span style=3D"font-family: "Helvetica Neue", Helvetica, Arial, V= erdana, sans-serif;">
OpenAI's average stock-based compensati=
on for its roughly 4,000 employees is about $1.5 million per employee. The = company's equity awards, aimed at helping it keep its lead in the AI race, = are inflating its heavy operating losses and diluting existing shareholders=
. OpenAI recently announced the discontinuation of a policy that required e= mployees to work at the company for at least six months before their equity=
vests. This could lead to further compensation increases.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" wi= dth=3D"100%"><tbody><tr><td class=3D"container" style=3D"padding: 15px 15px=
<div class=3D"text-block">
<span>
<a href=3D"
https://tracking.tldrnewsletter.= com/CL0/https:%2F%2Fwww.cnbc.com%2F2025%2F12%2F30%2Fsoftbank-openai-investm= ent.html%3Futm_source=3Dtldrnewsletter/1/0100019b7425995e-3d22ddcc-ecde-407= 9-a932-1e7c86cae532-000000/9oVTKW2R0PtW_qg_4-fMCv4axleniHvbDZVkkY0ljgs=3D43=
<span>
<strong>SoftBank has fully funded $=
40 billion investment in OpenAI (3 minute read)</strong>
</span>
<span style=3D"font-family: "Helvetica Neue", Helvetica, Arial, V= erdana, sans-serif;">
Softbank sent over the final amount to = complete its $40 billion investment in OpenAI last week. The company's stak=
e in OpenAI is now around 11%. Softbank has been betting big on technology = and AI companies. It recently agreed to pay $4 billion for data center inve= stment firm DigitalBridge to strengthen its AI push.
</span>
</span>
</div>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" bgcolor=3D"" border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" width=3D"100%"><tbody><tr><td class=3D"container" style=3D"paddi= ng-top: 0px; padding-bottom: 0px;">
<div class=3D"text-block">
<div style=3D"text-align: center;"><span style=3D"font-size: 36px;">=F0=9F= =9A=80</span></div>
</div>
</td></tr></tbody></table>
<table align=3D"center" bgcolor=3D"" border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" width=3D"100%"><tbody><tr><td class=3D"container" style=3D"paddi= ng-top: 0px; padding-bottom: 0px;">
<div class=3D"text-block">
<div style=3D"text-align: center;">
<h1><strong>Science & Futuristic Technology</strong></h1>
</div>
</div>
</td></tr></tbody></table>
<table style=3D"table-layout: fixed; width: 100%;" width=3D"100%"><tbody><t= r><td style=3D"padding:0;border-collapse:collapse;border-spacing:0;margin:0=
;" valign=3D"top">
<table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" wi= dth=3D"100%"><tbody><tr><td class=3D"container" style=3D"padding: 15px 15px=
<div class=3D"text-block">
<span>
<a href=3D"
https://tracking.tldrnewsletter.= com/CL0/https:%2F%2Fwww.teslarati.com%2Ftesla-shares-epic-2025-recap-video-= confirms-cybercab-production-start%2F%3Futm_source=3Dtldrnewsletter/1/01000= 19b7425995e-3d22ddcc-ecde-4079-a932-1e7c86cae532-000000/4X27yMe2aOyjKrZjVe0= -6UmLvcXGZlKNPB96ODMUiZU=3D438">
<span>
<strong>Tesla shares epic 2025 reca=
p video, confirms start of Cybercab production (2 minute read)</strong>
</span>
<span style=3D"font-family: "Helvetica Neue", Helvetica, Arial, V= erdana, sans-serif;">
Tesla has released a year-in-review vid=
eo for 2025 that recaps major achievements for the company. The montage cel= ebrated the company's progress on EVs, energy, and Robotaxi development. It=
also confirmed that the production of the Cybercab has started. The video = can be viewed in the article.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" wi= dth=3D"100%"><tbody><tr><td class=3D"container" style=3D"padding: 15px 15px=
<div class=3D"text-block">
<span>
<a href=3D"
https://tracking.tldrnewsletter.= com/CL0/https:%2F%2Flinks.tldrnewsletter.com%2FnLuP2D/1/0100019b7425995e-3d= 22ddcc-ecde-4079-a932-1e7c86cae532-000000/vHs1OyCobLKJ_d-uKoCQyE4JyEKj2F4ov= m6Lx87mX70=3D438">
<span>
<strong>Meet a US Start-Up Trying t=
o Break China's Rare-Earth Monopoly (10 minute read)</strong>
</span>
<span style=3D"font-family: "Helvetica Neue", Helvetica, Arial, V= erdana, sans-serif;">
There is too little money to be made in=
rare earth to be of much interest to mining giants, so the challenge of re= establishing a domestic industry in the US has fallen to small companies. M= etal prices have risen in recent months as China has restricted exports in = response to US tariffs. It will be difficult for local startups to compete =
as China's grip on the industry is tight, and it is known to sell rare-eart=
h metals for less than it costs to produce them. The biggest question is wh= ether the US government will continue to subsidize the domestic industry, a=
nd at what level.
</span>
</span>
</div>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" bgcolor=3D"" border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" width=3D"100%"><tbody><tr><td class=3D"container" style=3D"paddi= ng-top: 0px; padding-bottom: 0px;">
<div class=3D"text-block">
<div style=3D"text-align: center;"><span style=3D"font-size: 36px;">=F0=9F= =92=BB</span></div></div>
</td></tr></tbody></table>
<table align=3D"center" bgcolor=3D"" border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" width=3D"100%"><tbody><tr><td class=3D"container" style=3D"paddi= ng-top: 0px; padding-bottom: 0px;">
<div class=3D"text-block">
<div style=3D"text-align: center;">
<h1><strong>Programming, Design & Data Science</strong></h1>
</div>
</div>
</td></tr></tbody></table>
<table style=3D"table-layout: fixed; width: 100%;" width=3D"100%"><tbody><t= r><td style=3D"padding:0;border-collapse:collapse;border-spacing:0;margin:0=
;" valign=3D"top">
<table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" wi= dth=3D"100%"><tbody><tr><td class=3D"container" style=3D"padding: 15px 15px=
<div class=3D"text-block">
<span>
<a href=3D"
https://tracking.tldrnewsletter.= com/CL0/https:%2F%2Faddyosmani.com%2Fblog%2Fthe-efficiency-paradox%2F%3Futm= _source=3Dtldrnewsletter/1/0100019b7425995e-3d22ddcc-ecde-4079-a932-1e7c86c= ae532-000000/dxfOTZ-ZeB4ICNwBMEomixnsLa-k0XIbmN1_X4kFHbY=3D438">
<span>
<strong>The Efficiency Paradox: Why=
Making Software Easier to Write Means We'll Write Exponentially More (6 mi= nute read)</strong>
</span>
<span style=3D"font-family: "Helvetica Neue", Helvetica, Arial, V= erdana, sans-serif;">
Efficiency improvements reveal latent d= emand that was previously uneconomic to address. The pattern is consistent = throughout history. We are about to see an increase in knowledge work outpu=
t of several orders of magnitude. This will likely reveal that humanity has=
been massively under-investing in knowledge work because it was too expens= ive.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" wi= dth=3D"100%"><tbody><tr><td class=3D"container" style=3D"padding: 15px 15px=
<div class=3D"text-block">
<span>
<a href=3D"
https://tracking.tldrnewsletter.= com/CL0/https:%2F%2Fbenjamincongdon.me%2Fblog%2F2025%2F12%2F29%2FSoftware-E= ngineering-in-2026%2F%3Futm_source=3Dtldrnewsletter/1/0100019b7425995e-3d22= ddcc-ecde-4079-a932-1e7c86cae532-000000/E0RGj24imDlYEFp-GMzGZW1df4OgWzmwOjL= wp7swBMA=3D438">
<span>
<strong>Software Engineering in 202=
6 (5 minute read)</strong>
</span>
<span style=3D"font-family: "Helvetica Neue", Helvetica, Arial, V= erdana, sans-serif;">
The primary impact of AI tooling so far=
is that the marginal cost of producing code has gone down significantly. H= owever, producing code is only part of the job, so the bottlenecks for engi= neering time will shift elsewhere. The software engineering field seems poi= sed to be more mechanized, but more productive as a result. Most of the eff= ects of the mindset shift that has been accelerating for the last few month=
s have yet to be fully realized.
</span>
</span>
</div>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" bgcolor=3D"" border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" width=3D"100%"><tbody><tr><td class=3D"container" style=3D"paddi= ng-top: 0px; padding-bottom: 0px;">
<div class=3D"text-block">
<div style=3D"text-align: center;"><span style=3D"font-size: 36px;">=F0=9F= =8E=81</span></div></div>
</td></tr></tbody></table>
<table align=3D"center" bgcolor=3D"" border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" width=3D"100%"><tbody><tr><td class=3D"container" style=3D"paddi= ng-top: 0px; padding-bottom: 0px;">
<div class=3D"text-block">
<div style=3D"text-align: center;"><strong><h1>Miscellaneous</h1></strong><= /div>
</div>
</td></tr></tbody></table>
<table bgcolor=3D"" style=3D"table-layout: fixed; width: 100%;" width=3D"10= 0%"><tbody><tr><td style=3D"padding:0;border-collapse:collapse;border-spaci= ng:0;margin:0;" valign=3D"top">
<table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" wi= dth=3D"100%"><tbody><tr><td class=3D"container" style=3D"padding: 15px 15px=
<div class=3D"text-block">
<span>
<a href=3D"
https://tracking.tldrnewsletter.= com/CL0/https:%2F%2Fzhengdongwang.com%2F2025%2F12%2F30%2F2025-letter.html%3= Futm_source=3Dtldrnewsletter/1/0100019b7425995e-3d22ddcc-ecde-4079-a932-1e7= c86cae532-000000/tclsHqqnKbLQxmcPCFKKAX_fnbakvfiXKQTcDIhu6rM=3D438">
<span>
<strong>2025 letter (72 minute read= )</strong>
</span>
<span style=3D"font-family: "Helvetica Neue", Helvetica, Arial, V= erdana, sans-serif;">
Progress is a smooth trend that obscure=
s jagged details. History is a record of thousands of years of stasis befor=
e hundreds of years of growth. There hasn't been any constant normal trend = ever, so no one should expect AI to be the same. Nothing is truly inevitabl=
e, but it would be strange if progress stopped tomorrow.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" wi= dth=3D"100%"><tbody><tr><td class=3D"container" style=3D"padding: 15px 15px=
<div class=3D"text-block">
<span>
<a href=3D"
https://tracking.tldrnewsletter.= com/CL0/https:%2F%2Fparkerortolani.blog%2F2025%2F12%2F30%2Ffive-takes-to-en= d.html%3Futm_source=3Dtldrnewsletter/1/0100019b7425995e-3d22ddcc-ecde-4079-= a932-1e7c86cae532-000000/aE4zbIZyREsGaq2BLgxR_PV8Exskhk9ok3gTH8hmS7k=3D438"=
<span>
<strong>Five Takes to End 2025 (7 m= inute read)</strong>
</span>
<span style=3D"font-family: "Helvetica Neue", Helvetica, Arial, V= erdana, sans-serif;">
A lot of the assumptions across the tec=
h industry were seriously put to the test this year. This post takes a look=
at some of the things that happened to see what the future may bring. It c= overs OpenAI's business, Google's dominance in AI, Alan Dye's role at Apple=
, software on-demand, and what Apple needs to do to win next year.
</span>
</span>
</div>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" bgcolor=3D"" border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" width=3D"100%"><tbody><tr><td class=3D"container" style=3D"paddi= ng-top: 0px; padding-bottom: 0px;">
<div class=3D"text-block">
<div style=3D"text-align: center;"><span style=3D"font-size: 36px;">=E2=9A= =A1</span></div></div>
</td></tr></tbody></table>
<table align=3D"center" bgcolor=3D"" border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" width=3D"100%"><tbody><tr><td class=3D"container" style=3D"paddi= ng-top: 0px; padding-bottom: 0px;">
<div class=3D"text-block">
<div style=3D"text-align: center;">
<h1><strong>Quick Links</strong></h1>
</div>
</div>
</td></tr></tbody></table>
<table bgcolor=3D"" style=3D"table-layout: fixed; width: 100%;" width=3D"10= 0%"><tbody><tr><td style=3D"padding:0;border-collapse:collapse;border-spaci= ng:0;margin:0;" valign=3D"top">
<table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" wi= dth=3D"100%"><tbody><tr><td class=3D"container" style=3D"padding: 15px 15px=
<div class=3D"text-block">
<span>
<a href=3D"
https://tracking.tldrnewsletter.= com/CL0/https:%2F%2Fwww.coryzue.com%2Fwriting%2Fthe-line%2F%3Futm_source=3D= tldrnewsletter/1/0100019b7425995e-3d22ddcc-ecde-4079-a932-1e7c86cae532-0000= 00/Jh01Nw49n9WZH-cbmiAkr4EyXSCZSrNg2FtJfOZgkS8=3D438">
<span>
<strong>When the line stops going u=
p (11 minute read)</strong>
</span>
<span style=3D"font-family: "Helvetica Neue", Helvetica, Arial, V= erdana, sans-serif;">
It's easy to make progress when you sta=
rt doing something, but that will plateau over time, and it can be hard to = come to terms with the change.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" wi= dth=3D"100%"><tbody><tr><td class=3D"container" style=3D"padding: 15px 15px=
<div class=3D"text-block">
<span>
<a href=3D"
https://tracking.tldrnewsletter.= com/CL0/https:%2F%2Fshreyasdoshi.substack.com%2Fp%2F10-ideas-for-2026%3Futm= _source=3Dtldrnewsletter/1/0100019b7425995e-3d22ddcc-ecde-4079-a932-1e7c86c= ae532-000000/wprfMiiPyBsI4daiaZyg_YRO6t4by56ht3KG95J7DTs=3D438">
<span>
<strong>10 ideas for 2026 (3 minute=
read)</strong>
</span>
<span style=3D"font-family: "Helvetica Neue", Helvetica, Arial, V= erdana, sans-serif;">
10 ideas to consider in the coming year=
.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" wi= dth=3D"100%"><tbody><tr><td class=3D"container" style=3D"padding: 15px 15px=
<div class=3D"text-block">
<span>
<a href=3D"
https://tracking.tldrnewsletter.= com/CL0/https:%2F%2Fvitalik.eth.limo%2Fgeneral%2F2025%2F12%2F30%2Fbalance_o= f_power.html%3Futm_source=3Dtldrnewsletter/1/0100019b7425995e-3d22ddcc-ecde= -4079-a932-1e7c86cae532-000000/S0gKuDMeyvOO3i0Ttuz15YJJHk7tewd9LUlEjAjrdnM= =3D438">
<span>
<strong>Balance of power (25 minute=
read)</strong>
</span>
<span style=3D"font-family: "Helvetica Neue", Helvetica, Arial, V= erdana, sans-serif;">
As big business, big government, and bi=
g mob get stronger, they can no longer avoid frequently interacting.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" wi= dth=3D"100%"><tbody><tr><td class=3D"container" style=3D"padding: 15px 15px=
<div class=3D"text-block">
<span>
<a href=3D"
https://tracking.tldrnewsletter.= com/CL0/https:%2F%2Flinks.tldrnewsletter.com%2FfXZ02x/1/0100019b7425995e-3d= 22ddcc-ecde-4079-a932-1e7c86cae532-000000/008JA_vfrpaB5k0hKj5jLQaM_ePIqTnBe= LblHyRfS8c=3D438">
<span>
<strong>Tech Startups Are Handing O=
ut Free Nicotine Pouches to Boost Productivity (7 minute read)</strong>
</span>
<span style=3D"font-family: "Helvetica Neue", Helvetica, Arial, V= erdana, sans-serif;">
Companies like Palantir are giving empl= oyees free nicotine products through vending machines.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" wi= dth=3D"100%"><tbody><tr><td class=3D"container" style=3D"padding: 15px 15px=
<div class=3D"text-block">
<span>
<a href=3D"
https://tracking.tldrnewsletter.= com/CL0/https:%2F%2Flinks.tldrnewsletter.com%2F5Y8Yt2/1/0100019b7425995e-3d= 22ddcc-ecde-4079-a932-1e7c86cae532-000000/QSOcG-5was9Hg8bzZoCrnzugPQZi_CWJS= MUf4oPtsO0=3D438">
<span>
<strong>Two Years After Leaving Goo= gle: The Truth About Entrepreneurship (10 minute read)</strong>
</span>
<span style=3D"font-family: "Helvetica Neue", Helvetica, Arial, V= erdana, sans-serif;">
Entrepreneurship is hard, but it gives = you a type of freedom that is difficult to give up.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" wi= dth=3D"100%"><tbody><tr><td class=3D"container" style=3D"padding: 15px 15px=
<div class=3D"text-block">
<span>
<a href=3D"
https://tracking.tldrnewsletter.= com/CL0/https:%2F%2Flinks.tldrnewsletter.com%2FFQAnfB/1/0100019b7425995e-3d= 22ddcc-ecde-4079-a932-1e7c86cae532-000000/qzGXUQ_i4pXjUaiFpSzb17DF6mlUqZAHB= 7YOKZVZyag=3D438">
<span>
<strong>Advice for generalists who = want to join startups (10 minute read)</strong>
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