Author: Julie

Categories
Finance Startups

Day 962 and Milestones

I’ve noticed an distinct uptick in pre-seed & seed startup founders looking to raise smaller rounds. If you think this post is about you, don’t fret I’m into the double digits with examples just this past month. Smaller rounds on reasonably capped SAFE notes are on everyone’s mind.

My account on Twitter AlmostMedia

While not everyone I’ve spoken to has fully thought through what it means to raise less, the market is a muse. And she is always worth listening too. Founders are hearing that raising a round must tied to product milestones. That it is good to raise what is needed to show proof that your idea has demand. In some cases the milestones are proof that your technology or product can be made at all.

When I first got started as a founder a million to 1.5m raise capped at 6m was considered a big and well funded seed round. It was more typical that the pre-seed and angel rounds were done in the half million range and capped at 3m or so if you were dealing with sophisticated angels. The industry was smaller.

It’s fascinating to see that we’ve stepped back to valuations and round sizes from ten to fifteen years ago. The markets have indeed shifted.

But what really got my attention is the undercurrent of planning and go to market strategy work being demanded again. We’d lost some of those expectations during the fervor of the zero percent interest years. Capital has a cost. We’d forgotten that.

Gary Tan summed it up best in response to my original Tweet.

Founders should raise whatever they think is right for their stage and what they want to prove. The pro for less is more discipline. The con is you run out of money and you die.
The rest is overoptimization about dilution which is not the high order bit.

If you are a founder in this market you must know what you want to do, how much it will cost and how long it will take you to get to the first step of milestones that proves you’ve got something of value. Everything else is noise.

Categories
Aesthetics Culture

Day 961 and Repeating 2003

Greetings, citizens
We are living
In the age
In which the pursuit of all values
Other than
Money success fame glamour
Has either been discredited
Or destroyed
Money success fame glamour
For we are living in the age of the thing

Felix da Housecat for the 2003 film “Party Animal”

I wasn’t a club kid in the Iraq War era. I had not yet rebelled. Like all class jumpers I was safely ensconced at a private university where I studied great books. I was however a club kid in the era of indie sleeze which arrived at an even more bleak sociopolitical nadir.

The Global Financial Crisis imploded expectations for how middle class millennials might pay off loans for expensive educations while we redeployed our working class to Afghanistan. But we’d elected Obama so like our politics were a little weird. Yes, we can’t? It’s was a dissonant age.

The remnant aesthetics from that era are somewhat shameful (as is all true youth culture) and yet here we are repeating them as the twenty year cycles of cultural remixing arrive to demand their due from my youth. 2003 is reappearing in 2023.

Logan Paul cannot marry a slut just as Britney Spears should never have given it up to Justin Timberlake. Elite social mores are not for the Bourgeoisie to emulate.

Perhaps we should call this tendency for aesthetic return the “‘70s Show’ Show” effect as the nostalgia for our youth by the middle aged is always more consumer friendly than the culture was at its birth.

I get to enjoy feeling like I was cool when I was 22 and Zoomers pick over our wardrobes at theme parties. It’s a fair trade.

I encourage you to revisit an artifact from the 2003 called Party Monster to explore this aesthetics original form. It stars Chloe Sevigny, Seth Green (remember him) and McCauley Caulkin. The music video for the big hit from the soundtrack is titled “Money, Success, Fame, Glamour”. I quoted it at the top.

With lyrics that rooted so deeply in modernist materialism I’m tempted to yell “Eat your heart out Walter Benjamin!” The Marxist continental philosopher was a sexy club kid. Consider the engraving on tombstone in Portugal where he died fleeing the Nazis.

There is no document of culture which is not at the same time a document of barbarism

Theses on the Philosophy of History

Benjamin was a great historian of German romanticism and it’s impact on fascist political aestheticism. So consider that history and ponder it’s relationship to the 2003 era counter cultural artifact.

The “Money, Success, Fame, Glamour” lyrics are materialism distilled and reflective of the nihilism of the Bush era. Forever wars and inflationary spending on empire was harder to smooth over with propaganda as the internet fought back. But in the aughts we still hadn’t quite realized we’d never be rid of our elites after the shocks of reactionary terrorism.

Maybe in our twenties we thought eventually we might take over and do things differently. I’m turning forty this year, and well, Joe Biden is president.

So here we are revisiting the past that won’t leave. RuPaul has a remix challenge of Party Monster soundtrack’s hits released this year and it’s worth seeing how ugly the refinements are compared to the original.

The most you can hope for now is that some millennial will turn your influencer work into a Netflix comedy in which you show off your cultural savvy by going to a queer club party themed 2003 in Bushwick. No the Kim Cattrall vehicle Glamorous is not very good.

Categories
Community Emotional Work Media

Day 960 and Summer Frailty

Rounding the bend into a thousand posts is teaching me some lessons in humility and frailty. I am reaching to get words word as my mind is slow.

I am not reacting to something in an average way and it’s been a struggle to keep going over the laser week or two. I’ve put one foot in front of the other but I can see that I only slept for a couple hours last night. Ironic to be considering averages when one’s own responses are so slowed.

I am just trying to get through August. If my standards are simply to plod through then any achievement like throwing a successful policy night or recording a podcast for Wealth Actually on early stage venture capital count for something.

Much of my struggle is probably just some better living through chemistry problems. A new addition to the biohacking routine went awry. I’m struggling with the heat wave and the air quality of summer in the mountain west. The long days of bright lights slowly unspooling my sanity as I wait for cooler less cruel months to come. Just breathe in and out and try to eat and sleep.

Categories
Emotional Work

Day 959 and Averages

I did not react to a drug in an average way. I’m really pissed about it. I went in so confident based on what the studies has shown. We’ve got this fantasy of science and specifically medicine that has very little appreciation for what it does to outliers.

We discuss what’s most likely. What’s average. What’s typical. We explain the difference between mean, median and average. We have rigor. We have regressions. We can come to an understanding of what the models agree is conforming to our understanding. You should probably see these results.

And then we gloss over the bad data. The outliers. The grits of sand. The flecks of reality that make your model jitter. The shit that just makes things more complicated. So maybe you toss it out.

And it mostly doesn’t matter. Because your body probably is pretty average. And that’s a great thing. We tell stories about what it means to be unique even as you are no different than anyone else. Pixar movies are about our ineffable spark of humanity soul even as it reflects on how we are all really just the same. Shared human experiences are universal. Probably because our bodies are pretty similar.

I sincerely believed I was average for most of my life. I was raised with that as a value. And now as an adult I see how I’m average in so many ways. But my body will never fully reflect a shared reality. You get to know what works for you even if you know what boundaries are a little different for you.

You’ve got to know the contours in which you are exactly as your reality would indicate. That’s your ego speaking generally. But the ways in which you are not matter too. That’s where you tailor treatment.

Categories
Politics

Day 958 and Civic Engagement

We hosted a little get together at our house this evening. Montana has been in the midst of a renaissance of optimism. It was encouraging to have thirty or so of our neighbors over to discuss our priorities for Montana’s future.

The state has many challenges ahead of it as a result of increasing growth and desirability. You can choose to approach that as an opportunity with a growth mindset. Or you can shrink back and pass laws limiting trouble and keeping things safe. Here in Montana a diverse set of constituents struck back against government overreach.

We discussed the recently passed YIMBY policies in Montana’s 2023 Legislative Session and the Frontier Institute‘s future plans to ensure Montana is a place that all can thrive.

While we all disagreed about a lot, what cemented the coalition is that we all agree that we want more freedom and less government. And you’d be surprised at how much flows from that basic positive oriented.

It was a pleasant night to stay indoors as it was past 90 outside. We had pizza and salad from Sidewall Pizza. And we chatting about knocking down bureaucratic barriers and ensuring opportunity for all. I know it sounds hokey but I honestly fell hopeful.

Categories
Community Internet Culture

Day 957 and Will It Blend?

We are deep in the dog days of summer. I ran a fever and found myself dead asleep till nearly 1pm as my body valiantly struggled to process deluge of stress hormones I’d let pile up. I missed recording a podcast but the fever broke. I’ll catch up.

Meanwhile, on the website formerly known as Twitter, an epic battle of meaning was waged. The group mind egregore known as “this particular corner of Twitter” asked you to take a pill and/or hit a button.

A classic “my child said” poast with a twist on Newcomb’s Problem and Nash Equilibrium

And thousands of jacked in minds, from neu-fascism-IQers-must-speciate-eugenicists & red-rose transhumanist-luxury-space-communists to normie-Dad-banger-poasters, all raced to decide the meaning of the ultimate symbol.

Who lives and who dies when we can no longer coordinate exclusively within our ingroup?

Absolute fucking chaos. The collective of our shared internet went into a frenzy of consensus making.

Would you walk away from Omelas? Or would you save yourself? Would the gods of rationalism betray your soul with the knowledge that the good of the one can and does outweigh the good of the many?

In which selective phrasing has me deciding I shouldn’t jump into a blender but because I am me I also must immediately counter signal

Are you willing to step into a blender to save the normies? No? Yes? Fuck! Roko (of Basilik fame) redefined the problem space.

And then because we all must troll, we all stepped into a blender for the good of our species. Well, I wanted to annoy Roko. So I said I would when I voted that I wouldn’t. Because all serious social question can and should be trolled.

The choice is yours and yours alone

In the space of a day, we all leapt into the proverbial blender to save the naive, the kind, and the fucking stupid. It’s what Spock have done for us. Pro-social is the logical choice. Or is it? Is it better to be red than dead? None of us know.

I personally hope we all continue to create an eternal refinement culture of love and hope across all cycles of time to come.

I found it to be a privilege to be a member of the hive mind. We are all the alignment. Our consensus efforts inside the plutocrats toy is more likely to bring about the singularity than almost any other activity I can imagine.

It is a privilege to be in the egregore. My smol sensemaker syncretic smooth brain being hooked up into the wider hive for “Red vs Blue Walk Away From Omelas Boogaloo” is quite literally divine. To retweet each others bangers is to see the face of God. Just try and remember the truth. There is no blender.

Categories
Community Internet Culture

Day 956 and A Mood

It’s clearly the deep dog days of summer as I’m in a bit of a mood. I’ve got all kinds of things on my mind and yet it’s slow going executing on anything. The doldrums has certainly gripped me. And yet I take hope.

This corner of Twitter is going through a paroxysmal fit of whether it’s rational to be embracing pro-social behavior. Without having to cite all my sources we had Jane Goodall being packaged into a deceleration meme about removing a billion or so people.

And a guy named Roko was shocked that people might hope the golden rule is a universal ideal. And so a few of us jumped into a metaphorical blender for the good of the species.

So I think my entire mood when staring down the barrel of the future is “what’s it going to cost me in my soul?”

At this stage of the simulation I have to ask
What color are the pills, and how many people are dying?

The cost of knowing it’s not just about us is slamming into the hard reality that you can’t do a damn thing about other people. And so we have to ask if we preserve what we have or do we leap into the great unknown. I don’t know anyone who is in the mood for much safety at the moment. There doesn’t seem like much to be had.

Categories
Chronicle

Day 955 and Logging

I keep a private journal of my daily life and it’s undulating metrics addition to this daily public log that has now stretched into its nine hundredth and fifty fifth day.

I use an application called Day One that is actually now integrated with my blogging software Jetpack so I probably could easily put the archives online. In an era of closed social media walled gardens, it’s nice to trust your open source software provider. Thanks WordPress for having my back for nearly twenty years.

Having a log of your life over a long enough period of time is a blessing and a curse. I noticed an upsetting anniversary when I opened up Day One today. I lost someone last summer and had forgotten that today was the day. Sometimes memory can be kind to you. I wasn’t thrilled with the reminder of the pain. But I’m glad that it was marked.

Categories
Aesthetics Internet Culture Media

Day 954 and Frame Jacking

It’s a war of all against all on the internet. And I don’t recall being conscripted into any kind of war but here I am up to my neck in ontological shock and crisis of meanings as I read the news.

Language is a virus. And we are all infected. I’ll let Ben Hunt of Epsilon Theory illustrate.

It’s our autonomy of mind that is threatened by this unholy troika of smartphones, social media and linguistic weaponization, and there is no more important struggle today than to defend ourselves against that threat.

Humans have nervous systems that are easily hijacked. You give us something to imitate and within a few weeks we’ve learned a new way to get a social advantage. And so we have massive social cataclysms as the rules change. And the rules are changing fast.

This TikTok about a woman accepting an engagement proposal because the vision of the future scares her? It might actually be an anti-natalist campaign by degrowthers or maybe even Chinese propaganda? Who knows.

It’s not as if America gives a shit about maternal health or women but hey here is a podcast about a porn star who specializes in anime’s less savory fetishes. Is your teenage boy an Andrew Tate fan? It’s time to enjoy a reactionary period.

Obviously this has anyone older than forty asking if the western world under attack. Is questioning liberalism actually the psy-op? Are we fighting amongst ourselves? Do you even know what memetic agents you are infected by?

I sure don’t what brain works in carrying but I don’t think animated porn is for me. But I also got taken in by lots of questionable narratives on modern medicine, fertility and children too. Untangling yourself from the desires you were given is exhausting. Good luck unpacking who jacked your frame!

Categories
Biohacking Chronic Disease

Day 953 and Sugar

If you’ve been following me for a while chances are good that you’ve seen me discuss my biohacking.

I’ve got an autoimmune condition called ankylosing spondylitis. It’s a form of arthritis in the spine. When it flares the inflammation can be so painful that basic tasks like walking or standing can be out of the question. It’s impacted my daily life in strange and sometimes sadly poignant ways.

Now thanks to the wonders of modern biologic injectables like interleukin inhibitors (my lucky number is IL-17h), non steroidal anti-inflammatories, the occasional round of chemotherapy workhorse methotrexate, and the ultimate big boss inflammation killer known as prednisone I lead a pretty normal life.

I am however always looking for new ways to improve my situation. You name a modality of healing and I’ve surely done it.

I’m regularly throwing myself at new pharmaceuticals, new workouts, new devices, and new routines. I track it all obsessively. If you want a 10 day water fast buddy call me.

This kind of thinking means I am prone to optimism and the occasional “one weird cure” line of thinking. The hope that springs eternal is the fantasy what ails can fixed with a gluten free diet (nope) or the du nude Goop wellmania cure which costs $500.

One of my biggest “I’ll be cured” fantasies is that the extra body fat I gained from multiple rounds of steroids and hormone treatments is actually the cause of my health problems and not one of its symptoms.

Notice they I don’t say biggest fears. My biometrics don’t really suggest that adipose tissue is my root issue. Being fat is a core problem for many people but for me it’s a symptom. I don’t want to disclose said biometrics as I fear insurance companies and pharmacies might decide to dig.

In pursuit of a cure for this symptom, I’ve been way ahead of the GLP-1 agonists like semaglutide. My Novo Nordisk and Eli Lily stockholdings are up 100%. I had success on Ozempic but went off it as the side effects got to be too much for me after nine months when I reached a healthy body weight.

But I recently I paid out of pocket to try Mounjaro as I’ve not happy with where I am currently at for excess adipose tissue. It’s supposed to be less brutal on the stomach. It’s got a duel mechanism as a GLP-1 and GIP receptor have lead to excellent clinical trial results.

I’d say about three weeks in those results for me are not forthcoming. I’ve been in a perpetual state of low grade anxiety that seems to be from hypoglycemia. I’ve been sluggish, cranky, moody and my mind unfocused and hazy.

As it turns out the glucose-dependent insulinotropic polypeptide receptor (GIP receptor) primarily affects the body’s physiological response to food intake and blood sugar regulation. So I’ve got low blood sugar.

Luckily throwing fruit at the problem helps the symptoms. I have not lost so much as an ounce though. I think I’d rather go back to Ozempic which at least took weight off. I’d rather have a fucked up stomach than a fucked up mind. Maybe other people need to eat less sugar. I guess I don’t have that problem.