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1347 and Economic Paternalism

In all the hubbub about taxing unrealized gains and its downstream effects I found myself explaining the basics of early stage venture economics to more regular folks than I’d expected.

Most America s don’t know that it’s not legal for them to invest in startups. I was explaining how one becomes an “accredited investors” with a Normie family member and their indignation was heartwarming.

In the United States, an accredited investor is defined by the Securities and Exchange Commission (SEC) under Rule 501 of Regulation D. This designation allows individuals and entities to invest in unregistered securities, which are often considered riskier but can offer higher returns. To qualify as an accredited investor, individuals must meet certain financial criteria:

  1. Income: A natural person must have an annual income exceeding $200,000 in each of the two most recent years, or $300,000 combined with a spouse, with the expectation of maintaining that income level in the current year[1][2][4].
  2. Net Worth: Alternatively, an individual can qualify with a net worth exceeding $1 million, excluding the value of their primary residence[1][3][5].
  3. Professional Criteria: Individuals with certain professional certifications, such as Series 7, 65, or 82 licenses, or those who are “knowledgeable employees” of a private fund, may also qualify[1][6][7].

Entities can qualify if they have assets exceeding $5 million or if all equity owners are accredited investors[5][6].

These criteria were expanded in 2020 to include more professional qualifications and entities, aiming to increase the pool of potential accredited investors[1][6].

Naturally it struck them as a bit rich that they can only invest in a startup if they are a millionaire.

You mean to tell me it is illegal for me to invest in your startups but I can bet my life savings on the ponies? That’s ass backwards!”

It was pointed out to me that this is “a form of economic paternalism, which usually does more harm than good” by Kevin Dalhstrom and I’m inclined to agree.

If you know enough to take a small risk on a startup you should be allowed to do so. And taxing those gains before they are realized is a stupid policy. Let’s get big daddy government out of the business of dictating how we spend our money. I’d rather invest in a nuclear reactor than gamble it all on Weeping Somnambulist at 10 to 1 odds.

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Culture Emotional Work Uncategorized

Day 1232 and Crab Bucket

As I age from maiden into crone (many millennials missed mother) I find myself uncovering emotions I missed during the forced march through corporate feminism & Girlbossism. The meritocracy takes its pound of flesh.

I climbed the chaos ladder & am grateful for my perch but I did not understand what I sacrificed to participate in this climb. I doubt your average person does.

American Millennials intuited that we had an opportunity to class jump through the meritocracy of institutional human capital games & were encouraged to do so if we showed capacity. Largely that meant raw intelligence & affinity for playing by unwritten social rules. If you could get out you were told to do so. Social mobility is one of America’s great strengths.

It is not without costs. I sacrificed family & place. To climb above the station of my origin & “achieve” the American dream of education & assets you leave behind a lot. To go from the lower rungs to prosperity and security we leave behind parts of ourselves.

I do not regret this. Many millennials come from dysfunctional families. Boomer can read as slur to some because future shock & greed hurt so many of that generation. The narcissism of the new age experimentation with new cultures and expectations gave us divorce & rootlessness. Those insecure circumstances bred flexible performative children who adapted to incentives.

If I had not leapt onto the ladder of meritocracy I’d be struggling like many in my cohort and I’d still be without a people. The Millennial wealth gap is tearing social fabric because the divergence between our outcomes is so clear. Atomizing is part of assimilating.

I am now in a position in which I inhabit the lower rungs of the very top of the ladder. I have access & assets & a reputation for work in the infinite game of playing for leverage. There is security here to be had. But a Damocles blade hangs over us all.

American success isn’t cheap. And you may not always understand the costs at the outset.

If you’d like to read more about the millennial wealth gap I’d encourage you to look. I am lucky to be one of the “self made” in my cohort in that I picked work that ended up being well remunerated. I started from a decent place but we were poor for portions of my childhood. Startup life isn’t a smooth ride and Silicon Valley produces very uneven outcomes.

I will not however be a millennial heir. I’ll inherit debt. The great wealth transfer will not be coming my way. I’m grateful to have helped my family but equally grateful when they manage to take care of themselves. I am so sad so many of our elders spent so much that their heirs felt the best option was a race to climb out of the crab bucket of the meritocracy. I am glad I made it. But it hurt.

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Aesthetics Emotional Work Uncategorized

1156 and On and Off

I don’t have anything to say right now. I had an offline day in which I stayed in the moment and reflected.

Sometimes it’s simply a choice to be in the problems of a given moment. You could just not fixate. The frictions of any given day are a choice. If you choose to experience a problem more then once it’s not done teaching you.

I’m always hopeful that I’ll learn my lesson. That each time I’m “on” and experiencing the same problem again is because I’ve chosen to keep at the lesson.

Maybe it’s fine to get comfortable. The older I get the more I envy my stupid younger self who has the energy to be a total moron. Now if I’m a total moron my life stands still. I have to actively choose to learn from the problems in front of me.

And so as I chose to jump back into another round of action I can only hope I’ve learned my lesson. Truly sometimes I wish I was a faster learner. But then I see I learn at all and that’s not at all a guarantee. Plenty of people work hard at just staying in the same place.

Entropy tugging at our bodies erodes the coastlines of our personal boundaries. Hopefully whatever is reshaped by the pressure emerges stronger. Mostly it’s just cliff’s falling into the sea. In other news, I drove up a long coastal road and contemplated thermodynamics. It was lovely.

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Emotional Work Uncategorized

Day 942 and Goodbyes

My childhood was full of goodbyes. I moved every two years for most of my young life. I was not a military brat or a diplomat’s child, just a millennial surviving the instability of her Boomer parents. It is a common experience I’ve learned.

My parents did their very best to walk different paths than their own parents. Like any child, I watched them closely and adjusted my own feelings accordingly.

Now as an adult I see how I work to walk on different paths than my own parents. Families are always adjusting to the wisdom of our past as we chart our future.

And so I think about how comfortable I am with saying goodbyes and I weigh it against the generations that came before. And I think that all we can do is try to balance the equation of our own life.

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Homesteading Politics Preparedness Uncategorized

Day 783 and The Alliance

Yesterday was a bit of a busy day for me. A splashy wandering “state of culture in America” piece in a glossy cultural firmament like Vanity Fair is the ultimate validation of one’s thesis. I am taking a little bit of a bow on it. I’ve been on about this chaotic future and here are my receipts.

And it’s potentially a good thing that so many people are seeing the alignment that a muddy middle ground of chaos means “the rest of us” have to get on with building whatever the chaotic future looks like. We’ve got families, jobs, and health problems. Life goes on even during times of contested authority. Honestly it’s usually where fortunes are made.

Because it’s a surprisingly large cultural alliance. It has a key truly America things in common. That thing? It’s the most American a shared value as I can imagine. We believe the frontier can be tamed and that civilization is a good thing. Americans have always had a pragmatic streak to them thanks to our Protestant work ethic fetish.

“Preppers, techies, hippies, and yuppies are converging on the American West, the safest place to “exit” a society gone haywire.”

The Dissident Fringe

Because look, nobody asked for a million stupid cultural schisms and endless battles over basic human rights and who shares in the spoils of civilization. Just find a damn common ground. Because right now we’ve got problems to fix. Nobody is sharing in anything unless we build shit. Building shit is the beginning of shared prosperity.

If we cannot align on that fact, then yes of course we are going to continue fighting in the grey zone politics of civilizational values. Because you know what progressives have going for them? A shared legal framework on which to resolve disputes is always better than vigilance. Everyone should want that. Sorry accelerationists.

I don’t know what systems will evolve. But if we don’t start investing in them now we are in serious trouble. I’ve been investing in solutions that are venture scale for sometime. Ifyou want to join me on this journey, DM me on Twitter or join as an LP.

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Day 739 and Immigration Anxiety

My family has been working on a visa for a friend to come visit us in the United States. It’s felt like the longest 2 years of everyone’s lives. I had no idea how broken our visa and immigration system ones until we tried to invite a family friend with a bad passport on vacation to America.

Sure the pandemic distended wait times into bulging impossible monstrosities, we pushed simple state department work into an impossible task. But it’s not just the broken bureaucracy at play. It’s a system so broken by it’s own disdain and lack of resourcing, your only hope is the grace of God.

If you tried to arrange a tourist visa for someone from the global south you’d find the next available appointment for a tourist visa was three years down the road. And this was after the borders opened up after the pandemic got to be too much trouble. It only got worse from there. I quickly become shocked at how impossible it is to travel to America if you aren’t on a Schengen passport from Europe.

I’ve been working on this seemingly intractable problem for well over two years. We are on our second embassy appointment. The first visit was in Frankfurt in March where it was immediately turned down without the officer even looking at the paperwork. Thousands of dollars and endless time lost to a random bureaucrat in thirty seconds.

And you aren’t even allowed to ask them to take another look as they could ban you on the spot. I cried I was so humiliated after seeing that first refusal. How could America be so broken? We did everything right and it didn’t matter. Kafkaesque doesn’t begin to describe it.

Apparently the American state department treats a visa like a Rabbi handling a conversion. It took another 10 months to schedule a follow up appointment in Prague. Our friend’s home embassy has a three year wait so we’ve been going to European embassies to avoid needing to pay a bribe for an appointment in his home country. Legal immigration is much harder than illegal immigration.

So we planned a trip to Prague. And now the appointment is tomorrow. And I’m terrified. I’m despondent. I’ve done everything right and I have no idea if we will succeed. And it’s not even a visa for me. I can’t imagine how they feel. To be treated as if you are a criminal when all you want to do is visit friends and spend money in a other country.

I’m almost embarrassed how invested I’ve become in making this work but I will not allow myself to be beaten by this system. Guests do not deserve this humiliation and America is my house.

Mind you this is for a tourist visa not a work visa or a green card. This is just for coming to enjoy tourism and spend time with friends and family. Tourism is an important part of the American economy. Especially where I live in Montana. The whole world wants to see Yellowstone.

The entire process has been so humiliating for everyone involved. As the sponsor of the visa I filled out a form called an I-134 where I had to prove my net worth, my home ownership, my income, my job and compensation. I accepted personal financial responsibility for them.

This after being instructed that our guest must show strong ties to their home country and a minimum financial independence of their own. They had to show their home ownership, car deeds, work pay stubs & tenure at the company, not to mention guardianship and primary care responsibilities for their grandmother among many other invasive questions. The paranoia of visa overstays has made it so no one can get a tourist visa at all.

All this humiliation be granted the privilege of spending wealth in America as a tourist. It’s beyond insulting. It only gets worse for each step down the line if you want to work or live in America.

If you’ve ever wondered why we don’t have more legal immigrants this is why. Insofar as I can tell there are two ways to get to America. Illegal crossing and you pray. Or tens of thousands of dollars and years of waiting and you pray. Oh and you probably only get to come if you do it illegally. It is a crisis in every sense of the word.

We’ve spent tens of thousands of dollars, weeks of time on the ground in foreign countries and it has gotten us no where.

We’ve also called in everyone type of favor and access we could find. A privilege most lack. Our constituent services office at our Congressional office has been amazing. They submitted a letter asking for a fair review.

If the hundreds of pages of professionally prepared paperwork, the millions of dollars of financial assets and a congressional letter of fair treatment simply aren’t enough, I wouldn’t be too proud to go crying hat in hand to the ambassador to please consider our case. All we want to do is have a family friend granted the freedom to travel. I’ve got no idea where to turn if it isn’t granted.

I’m so anxious and depressed now that the culmination of so many years of work is coming down to one short interview tomorrow, over which we had no control. I’m mess. I’ve let it get to me.

I cannot fathom what else we could do. If millions of dollars of assets, a by the book legal case, multiple political appointees vouching for us and a good faith effort to show our personal responsibility aren’t enough, than what is enough for America?

My fear is nothing will be good enough and I will be despondent in tears tomorrow by 11am. And I pray I have the strength to fight on if it happens. Because I believe in America and I will go to the mat to bring more people to see it’s splendor. Empire’s end won’t happen on my watch without a fight.

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Emotional Work Uncategorized

Day 623 and Pausing

I am feeling a bit anxious about back to work season. I’ve traditionally had a terrible relationship with work. I’m a workaholic and struggle to pace myself effectively. I particularly love riding on the zeitgeist of a season like the fall as “everyone” is back at the grind and I like to ride the energy of the moment.

But I also need more frequent and shorter pauses than the American work week or season has ever allowed. I’ve always been afraid to take them because I fear being seen as lazy. “Only the morally weak rest” is a truism of English and Germanic lineage well prior to the Reformation. Though that’s kind of an aristocracy needs the serfs working thing.

But Protestant Work Ethic aside, I’m not really cut out for hustle culture. Being disabled, even modestly with something my spondylitis, is like the double whammy of being weak and lazy. I need to maintain a different schedule because I cannot overcome the foibles of my own body? That’s an affront! I’ve got a lot of self talk that basically goes like this

You soft feminine pathetic weak bitch get your ass back to work.

Me to myself. Sadly.

Does someone have internalized issues with feminine cycles? Oh yes she does! I guess it’s not just being lazy but it’s being female and a waste of productive worker all in one body. Super fun! And yet here I am a libertarian and I work in finance. Square that circle my friends.

Capitalism has enjoyed patriarchal structuring because it allows us to categorize the inconveniences of bodies that are harder to regulate. Women in the workforce was a pain in the ass until we figured out chemical birth control I’ve got to assume.

But all these legacies of who is worthy and who is strong and who is valued are kind of bullshit constructs. I can take what serves me. I don’t need to get all up in my head about having a less productive body because who even set the damn standard right?

So I am reminded I can pause without crashing. I choose to pause at my own leisure. I can choose to self nurture so I operate from my own point of maximum strength. I have to chose to pause. A pause is not is weakness.

A pause is like the ocean cresting before the wave breaks. And I can choose to ride that momentum. This is all a part of my own work on not just surviving the current moment but thriving with optimism. It’s peace from strength. While I recognize and even ride the chaos outside, I do not feel chaotic inside.

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Internet Culture Uncategorized

Day 541 and Doomscrolling

I love internet culture. While I’m an American, if there were citizenship for the internet I’d consider myself fully naturalized. Millennials aren’t natives like Gen Z, but we definitely moved online when we were kids. I’m a proud immigrant to the internet.

I engaged in one of the internet’s proudest exports yesterday. After the news about Roe v. Wade hit I was glued to my phone watching for tractions. I spent easily five or six hours Doomscrolling. I’m not proud of it but what else are you going to do when American implodes around a topic as emotional as abortion? Do something sensible like go for a walk. Nah.

Doomscrolling probably doesn’t have a an exact IRL analog. If town squares were still a thing that existed, maybe we’d crowd in and listen to people scream and heckle the town criers. Maybe it’s more like going to the mall and chatting up your peers.

Though I can’t really imagine anyone engaging in the kind of brawling that goes on when Doomscrolling turns reactive. And boy was it reactive when this mess hit America. People were feeling a kind of way. I saw various colors of shock. That surprised me as all I had felt for years was cynicism curdled into disgust. It has been clear where some demographics wanted the issue to land. We had taken too much for granted.

I’ve got an ambition to stay off the internet for a bit. But I know that my reflexive habits will put me back on Twitter if I don’t monitor my usage constantly. When I am anxious I like to surf sentiment. Taking a gauge gives me some sense of false control. That if I can just read the tea leaves right that maybe I’ll protect myself.

But it isn’t really that is it? You know at any minute you could be treated like a second class citizen. That unbearable cruelty could be casualty meted out on your body. And that so many people simply do not care about that pain. And fuck me if that doesn’t shatter your faith in humanity a little.

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Chronic Disease Uncategorized

Day 372 and Pace Yourself

I was in an incredible groove yesterday. I’ve been letting go of the awful December I experienced and enjoying the new January energy. If you look at yesterday’s post I was absolutely in the zone. So I pushed myself thinking I can handle full capacity day. Mistakes were made in my enthusiasm. And well I’m probably in need of a rest. I over did it.

I often struggle with pacing and moderation. It’s important for me to remember that I’ve got a history as a workaholic. But I don’t want to feel as if I can’t push myself either. It’s the middle path I must walk. But it is hard to stay on it. I feel like every day I am sliding off the middle path right into the ditch. I’m getting better at getting myself back.

I used to be happy mailing elaborate detours. I’d take every exit on this metaphorical path in the past. But tonight I’m going to remind myself I’ve got a destination. And that is being responsible for keeping myself happy and healthy. So I’m going to get in bed and watch some TV and shitpost on Twitter

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Uncategorized

288 and Both Ends

Alas I cannot find the scene but there is a bit in Ted Lasso where the most cheerful football player Danny Rojas recounts a bout of food poisoning saying “I was sick out of both ends. The body truly is a miracle!”

It’s a pretty good joke because having food poisoning doesn’t feel terribly miraculous. The indignity of shitting and vomiting at the same time doesn’t invite existential awe for most people. I can say this with some certainty as I got to enjoy this particular miracle today. I’m not entirely sure if it was food poisoning, but I was juggling squatting and kneeling and I didn’t feel like my body was a miracle at all.

Maybe in hindsight I can recognize how impressive it is that my body has the capacity to rid itself of a poisonous toxin with such efficiency. But good grief is it miserable as it is happening.

I’ve debated if pain or nausea is worse. Pain is a tricky beast that consumes your capacity to live. But nausea can capture your attention more completely. You can tough out some kinds of pain, perhaps manage your capacity to tolerate it through mental gymnastics and medication. But nausea demands relief. When you have to expel a toxin, you better run as it may arrive before you arrive at the safety of a toilet.

I hate the feeling of being nauseous as there is simply little else you can do but let your body run whatever course is necessary. Which I suppose is a miracle. Maybe Danny Rojas is right. I feel absolutely fine right now. A full 10 hours of miraculous misery later I have recovered. Just in time to go to bed.