Categories
Startups

Day 1163 and Women in Tech

A lot of emotional energy has been directed at the “problem” of “women in technology” in the last decade or two. Stupid campaigns get run with degrees of condescension in which it’s insinuated the only way women could see the value in crypto is if we make a perfume. It’s the rankest form of sexism and extremely effective. And I’ve proudly worked in cosmetics. Chemistry is cool.

So today on International Women’s Day I’d like to remind myself that I’ve l been “in tech” since the moment I fell in love with a personal computer as a young teen. I’m on that edge of elder millennial that did things in the real world as children but had access to the virtual early.

Plenty of men mistakenly assume that because I worked in fashion, beauty and ecommerce. I was early before the ease of hosted Shopify accounts or even Heroku instances for an app. It was a lot more roll your own.

And yet some think my experience doesn’t count. Despite it being a clearly sign of capital markets having underpricing occasionally. Ifs a good thing. You go where market rewards you and you learn to learn skills along the way.

I think so much less about my gender now. Almost resent ever having been talked into it. You do it right then you, like an anyone else in the market, can benefit when someone misallocates.

If you are lucky enough to steward your own capital, then get to be part of the investor bases to build the next generation. I do that now. I am still a woman.

I’m proud to use the resources I have to invest in what I believe in based on my experiences and the thesis I invest under. Not as some smoothed over marketing narrative with a gender hook. No I price like an actor you can do business with. I am willing to show my revealed preference.

I learned in previous eras so I may serve the generation that is coming up. And I’m happy to invest in the ares I believe in most. I am happy as a woman to invest in men as I am in women.

The focus I see in founders I have invested in across energy, artificial intelligence and crypto are ones I believe in. I believe in them as people. I believe in them as founders. I believe in them as men.

I am lucky to be seen as an individual with capital and insights that can help them carry a better future forward. I hope all founders are seen as individuals.

Technology innovation has been the driver of improved human life. Material prosperity is good for women. It’s good for men. So I’ll celebrate doing stuff for the boys on international women’s day.

Alex Miller visiting with me at one of our favorite portfolio company Valar Atomics. I believe in Isiah and his team.
Categories
Finance Startups

Day 1147 and Balkan Crypto

I’m in the Balkans for a few weeks doing some scouting and visiting with friends and colleagues. The western Balkans including Albania, Croatia, Bosnia and Herzegovina, Bulgaria, Serbia and Montenegro are known for their occasionally colorful participation in cryptocurrencies.

The region has experienced currency volatility, struggles with central banking and even in Albania a civil war stemming from a financial crisis over government Ponzi schemes.

These negative experience with currency instability, government corruption and sociopolitical unrest has led to a desire to experiment with transparency and decentralization amongst the region’s youth.

The ecosystem is host to serious projects has a talented base of engineers. Ripple is experimenting with a national stable coin in Montenegro. Zuzalu, the two-month invite-only gathering that Ethereum blockchain co-founder Vitalik Buterin led in Montenegro has been a regional hub. And it has inspired a new grants program Zu- villages that strikes me as a cross between network state and a DAO with Gitcoin.

In an editorial in Bitcoin Magazine the founder of the Belgrade Bitcoin Hub summed up the “why”

As a result of years of unfulfilled promises from regional politicians, people of the Balkans are hard to convince about the long-term benefits that can be realized by adopting Bitcoin in one’s life. A low time preference way of life to most people in this region is associated with disappointment and the lowered standards of living that have happened many times before.

Plumski founder of the Belgrade Bitcoin Hub.

Categories
Community Startups

Day 1145 and Vitality

The most gratifying part of early stage startup investing is the vitality. When you are in the mindset of optimism, all things are possible.

I first met Isaiah Taylor about a year ago. We found each other on Twitter. I cold DM’s him with “you seem interesting.” We’d hop on the phone and go through what he was working on in long strategy talks.

I think in our first conversation we spent half an hour just discussing origin stories. We’d both had strongly American west families and we were neighbors in the upper Rocky Mountains. We shared a Christian faith. I liked his style.

Those early rambling sessions when a founder is discovering their market and their unique talents is a precious time. I knew I wanted to invest in him long before Valar Atomics had come into focus.

Ambition and vision are honed over time as you broaden your horizons. It’s the most fascinating tension. The bigger you dream the more you must see your path clearly and pursue it relentlessly. Vitality begins with knowing where to apply your will.

I feel the optimism that Isiah has brought. And I admire how he has taken it to a bigger community. Watching the El Segundo community self-mythologize in real time during this weekend hackathon has been an exercise in collective application of will. Like its cousin in techno-optimism e/acc , the American dynamism “new vitalism” egregore values building for the future.

@ADoricko and @isaiah_p_taylor opening up the Gundo Defense Tech Hackathon via Rasmus

Categories
Startups

Day 1125 and Planting Seeds

I like to get to know founders over time. It’s a canonical piece of advice passed down over venture lore that one should invest in lines not dots. Consider the messenger of course.

I’m sure to founders it can feel a bit self serving of investors to want to see a lot of traction before a commitment. That’s not what I’m talking about. I think as an investor, we have an obligation get to know a founder’s character and their approach to problem solving. Especially if you believe their opportunity to be enormous.

At the earliest stage our responsibility is to assess your capacity to overcome obstacles and to improve your skill sets to match. We need to know you will grow and flourish.

Nurturing a seed is the entire metaphor behind early stage investing. A seed round is such an optimistic name. If we must extend the metaphor that we are planting seeds then the work starts before anything goes in the ground. Good soil, good weather conditions, and the right timing matter a lot.

The anxiety inducing part of this is that my approach years I take time to cultivate potential founders for years. I never quite know when someone will go up for a fundraise. I have to wait and see.

But when it does happen. It’s such a miracle. No finer feeling in the world than having cultivated the right conditions for something to grow.

Categories
Media Startups

Day 1110 and Somatic

I’m upset. I feel it in my body. Soma apparently means “body” in Latin, somatic is “of the body” so to have a response in your body is a somatic response. I’m having a somatic response.

I’ve been surprised at the emotional campaigns that have been waged against technology in the general, and artificial intelligence in the specific, as of late. But I am starting to feel the emotional weight of the collective fear and emotion in my own body. Futureshock is here and the fear mongers are here to tell you and I that we should be afraid.

This weekend there was op-ed was published in IEEE entitled Open Source Artificial Intelligence is Uniquely Dangerous.”

The o-ed was written by David Evan Harris who is a chancellor’s public scholar at UC Berkeley. He used to work a Meta on ethical AI. Now this not the opinion of IEEE which is calls itself “the world’s largest technical professional organization dedicated to advancing technology for the benefit of humanity.”

You’d think that sort of mission would be a little more on board with new technologies. But maybe David is just an extreme voice. Op-Ed’s are meant to represent a variety of opinions after all.

But how should I feel about the benefits of technology when it’s presented to me like this? They used a skull to really get across the visceral fear. No friendly face to make a concession to our silly human anthropomorphic desires. Let’s scare the stupid hairless apes.

Don’t worry the government and regulations will save us from this psychedelic skull

I have an inherent skepticism when someone wants to sell me on the dangers of regular people having access to something new and potentially transformative. Why must we always default to the precautionary principle? Why is fear always our default?

I don’t want to let this sort of thing get to me. But I can see the narrative campaign being waged against artificial intelligence and the sheer volume and tenor of coverage leads me to believe that everyone is aware of its potential.

Claiming artificial intelligence is only for the knowledgeable few chosen by committee of expert sounds so sensible. But I think my body knows better. I should be upset by this.

Categories
Startups

Day 1091 and Do What You Love

I am feeling relaxed. This feeling has eluded me for nearly a week as the race to Christmas holidays left me mostly feeling sick and in pain.

I was getting tension headaches from the long hours and stress of the last two months of work. In an attempt to improve my muscular skeletal compensatory issues, I triggered a “this gets worse before it gets better” healing crisis. While my C1 and C2 upper spine feels much better, every other connected system was also contorted to accommodate the problem. It’s a bit of an adjustment.

But I slept a solid ten hours last night and I managed to get several naps in the past few days. By the time I made it to my first working session today after Christmas, I was ready to enjoy my work again. There is no finer pleasure to be found in startup life than a team you enjoy working with.

I am lucky that I do what I love. It doesn’t feel much like work to help founders you admire take action. The limber approach of answering to your best judgement is a joy. A startup dynamic that’s productive can feel as if you are intaking information and updating your prior working models at a rapid clip. And if you are lucky see results from your actions. It’s invigorating

I hope I feel a bit better and more rested as the week rolls on as I’d like to do a 2023 roundup but my priorities remain the work and my health so what gets done will be ordered as such. I hope everyone has work that engages them thusly.

Categories
Startups

Day 1073 and Math is Leverage

People who are bad at math are discovering that the future is entirely in the hands of people who are good at math, and that’s the culture war in a nutshell.

A tweet on math goes viral

It’s a source of power & leverage to be able to clearly articulate your goals and to create tools that can enact them.

To put it another way, being able to give clear instructions about what you want is what actually matters, compute and math are simply ways of extending that capacity. Anyone can harness it. And many more of us will.

That we can distribute this knowledge to our entire planet should be a source of pride. All children are heirs to this legacy of our species. We’ve never had more knowledge so openly held especially as artificial intelligence and machine learning has come into its own.

These tools can be life changing and I’d like to see them in as many hands as possible. Everyone gets mad at the engineers for asking specific questions but it’s not philosophical debates that solves the future. It’s building things we all use.

Engineers see the limits already being suggested in limiting our access to compute for AI and are rightly concerned. It’s in the current Biden executive order on the space. We are seeing limitations enacted in Europe. I believe freedom to compute will become as salient an issue as freedom of speech. Do not give up your power. Learn to harness these tools and coordinate with others who do.

Categories
Community Finance Startups

Day 1070 and Allocating Personal Capital

As part the part of Twitter called TPOT comes into its own power the topic of resource allocation and how to route projects to sources of capital game up with Brooke Bowman of VibeCamp. It is a key question for Network State like entities that will need to navigate social ties.

I want to share how I do it as I’ve rooted some amount of capital across very different communities. I do it with some sets of intuitions I’ve gained from existing in a very powerful network of interests that are “The Silicon Diaspora” which is a syncretic coalition.

Much of it comes down to very specific context of what others are looking for in terms of outcomes. Investors with a specific thesis are much easier to work with for this reason. I try to express mine clearly at chaotic.capital and express myself actively through revealed preferences. I assume nothing is personal & everyone is working with some amount of emotional reactivity as it’s a human business.

A lot of it comes down to knowing who is a node in your network that can redirect it to someone who believes their resources can see a good return on their goals that are varying levels of abstract and personal. Skills and passions vary and this is good. It’s a mix of social capital, actual capital, and attention and it’s a giant game of inference

Some folks very good nodes and quite open to a range of different types of projects. Sometimes it’s just as simple as asking if they know someone who knows someone. I see a lot that isn’t in my own thesis but it’s in my own interest to pass it to others for whom it might be. The ecosystem approach has maximum strength when it’s played as a multi-agent pro-social game.

Also you almost never know someone’s full history so taking any reaction super personally is something I find to be too much for my own emotions. And I know a lot of history so if I can’t do it I try to make the presumption others can’t either. Be kind but clear.

That helps avoid a lot of accidental feuds that otherwise can ignite if you try to be delicate. I find transparent assessments of my own incentives goes a long way if I express it as part of my own reason for aligning. This is how I’ve worked with communities as diverse as back to the land doomers and crypto futurists to effective acceleration.

This is a fancy way of saying I don’t think “gossip” aka information sharing is actually bad but part of the empathy process of understanding what people want to work on and pay attention to in how they marshal their capital. You intake the values of your coalition and find shared ground. You keep their confidences by expressing collective goals. I try not to overweight my goals in that process. You have to do what’s right knowing outcomes are uncertain.

Showing you understand their context, their fears and their reputations concerns helps you. An act we denigrate in popular culture actually helps you to deepen the relationships as each signifier breaks down space between two people and builds trust. So don’t knock gossip. It has evolutionary, societal and individual benefit. Just remember the ultimate outcome is about bringing people closer.

Day 146 Gossip

I believe we are in an era where individuals can exercise significantly more agency because of the high leverage nature of the tools available to us. We owe much of this to information access and that is a wide coalition of people who are exercising basic freedoms to self determine because of this march of technology.

It’s my belief that freedom to compute is freedom of speech and these digital communities represent what I hope is more effective self governance through decentralization. We must build up the social trust amongst each other by showing we value each other’s interests. I believe this to be the right thing to do for each other. It’s the human thing too.

Categories
Aesthetics Community Internet Culture Startups

Day 1066 and Behind The Scenes of Thousand Scenes Flourishing

We are living in an era of competing totalizing narratives. We assign Jungian archetypes and monomyths to complicated people and complex situations with many variables.

We ship relationships and stan fandoms even as the meme message is that we should be shipping code and forming bonds with other people with agency.

Remember that hyperstition is about bringing a reality into being. We have agency to impact the world we live in. We have more control than ever and anyone can get leverage.

I’m so inspired to see how many communities are facing an uncertain future head on. Sure we’ve had schisms and it’s easy to judge someone else’s sincere revivalism with crass cynicism.

I prefer an optimism about what we can all accomplish when we compete to serve a need better than anyone else. I like specialization as the more knowledgeable that is dispersed widely beyond a priest cast the better we seem to do as a species. A whole world of people is calling to you to own more of the future personally.

You may wonder what you can contribute. And sure some actors are massively more agentic. I never thought I’d be in that rare class and yet I can contribute meaningful to dozens of aligned projects. It’s important to avoid dickriding. Don’t make up stories about your betters. Or at least try not to believe them.

You can be personally better yourself. You can accelerate. Now is the time to arm yourself with leverage as the world shifts. Be wary of messiahs and mercenaries but also know action is expensive.

Strong organizations have healthy value memetics. “Just Do It” frames a broader truth that humans take in a context of millions of other agents. Action is disproportionally powerful when people just play their role.

I fight nihilism. I’m not eager for the end of humanity or our civilizations. I want our flourishing. But neither am I attached to a static vision of my humanity or yours. In the image of God gives quite a bit of latitude for our species’ evolution.

Categories
Internet Culture Startups

Day 1062 and Just Go

I’m writing this as I wait to board an airplane from Bozeman to San Francisco International. In the spirit of taking more actions I am applying more acceleration to my own daily life. If you’d like to discuss e/acc #FreedomToCompute I’ll be around in the city and you can expect to see me at some events.

It feels unusual just hopping on an airplane. It was a behavior that I took for granted in pre-pandemic life. The golden age for the early adopter consumer internet and the low interest rate phenomenon of the post Global Financial Crisis meant I could hop a flight from NYC to SFO and arrange an Airbnb or HotelTonight while in the security line.

It’s a little more challenging now if you don’t come out of the last cycle with a few wins. And judging by the fullness of the flight and its demographics others are seeing San Francisco as the center of a lot of activity in making sure they win the future.

Leaning into the future coming fast is a consensus view. Everyone is contesting space and the virtual world of the global internet is a powerful constituency. It’s just important to remember that even as we’ve mediated a lot with these tools sometimes you have to validate in person. Humans are just wired that way.