Tag: Attention

Categories
Media Politics

Day 1379 and Dodge and Weave

A lot is going on and I have little concentration in me today so I’ll keep this to a few tidbits of things I have on my radar.

The artificial intelligence x-risk Doomers are doing absolutely nothing to beat the charges that California SB 1047 was all about their fear of an imagined apocalypse and had absolutely nothing to do with useful policy or regulation.

Frankly I’d expect better from Scott Alexander and I’ll warn the Effective Altruist and Open Philanthropy crowd that if you willing to parlay with socialists don’t be surprised if those who advocate for broad state powers feel fine about using the state monopoly on violence on you when your interests no longer align. Liberals get the boot too.

But nobody listens to a cranky old libertarian like me in this multi-polar world. Though if you are inclined to listen to me please do read my investor report for the quarter. We are raising for our next fund and I’d be delighted to pitch you if you are the sort who has a spare 100K to invest in atomics, databases, decentralized compute and other oddball world changers.

In other bits of frustrating press narratives the New Yorker can soak up 34 minutes of your time with a “Silicon Valley matters in politics now more than ever” piece which is about how politico Chris Lehane is doing his job and representing the interests of an industry that still has enough money to pay his fees.

Perhaps politicians will consider not killing the golden goose that is the information economy and try listening to the folks who still make enough money to be considered good targets for more taxation about how we can keep making them tax money.

But I’m guessing if I ask Detroit how that ask to the government ends I won’t like the answer. I could ask Baltimore but Frank Sobotka and the Key Bridge are no more.

I truly thought one was supposed to get mellower in one’s old age but my politics seem to be rooted deeper than I realized. I just believe in markets and the prosperity that comes from free asssociation.

Categories
Finance Startups

Day 1376 and Q3 2024 Investor Update & Market Analysis for Chaotic Capital

Welcome to the Q3 2024 update for chaotic.capital LPs. I’m choosing to post a selection of our reporting publicly so prospective founders and LPs can see our thinking.

You may be invested in chaotic.capital because we invest in ideas that adapt humanity to our new chaotic era.

Enabling resilience in the face of unexpected & rapid change is our lodestar. It’s a simple heuristic that yields a complex thesis: that technology is a tool for increasing leverage. 

In addition to these investor letters, you can always visit jfredrickson.com, where I write every single day about whatever I’m thinking about. You are also welcome to DM me on Twitter @AlmostMedia or text me on Signal any time.

Q3 was another strong quarter for chaotic.capital. Our ability to identify and back founders early remains core to our success and we’re seeing it both with the inbound flow from founders (as seen in the two new deals we did this quarter) as well as the progress from our existing portfolio, with four new markups this quarter and substantial business progress on those and others.

The markets are increasingly focused on power and compute. What was once a contrarian focus on energy, infrastructure, crypto, and artificial intelligence has now become a core narrative among informed investors.

We believe the future of compute—particularly in relation to crypto and AI—will increasingly be viewed as a basic right, not a privilege, as these technologies scale to mass adoption. 

As governments grow more cautious about debt and monetary risk, individuals and organizations will turn to trustless systems to ensure secure transactions and autonomy.

This is why we focus our investments in the space on foundational layers that will power the next generation of applications.

With portfolio companies like Squads providing on-chain economy tooling, Kuzco reducing reliance on intermediaries while creating an open market, SFCompute pricing compute and creating spot markets, and Chroma becoming the go-to choice for open source vector databases, we see the intersection of crypto and AI creating secure, scalable systems for individuals and organizations alike.

Access to compute is quickly becoming synonymous with freedom of speech and, ultimately, the freedom to transact. 

These open trustless systems enable efficient transactions and verification, a crucial development as geopolitical multipolarity continues to rise, and more people need to ensure their interactions are secure without reliance on the state.

While Americans might not yet fully appreciate this, we’re seeing growing demand for these alternative systems and open models from those who are navigating increasing regulatory pressures and instability.

Europeans, whose governments are deploying strict limits on AI models are beginning to understand, those from countries facing geopolitical uncertainty (e.g., Israel, Ukraine), live it already, and those in countries with unreliable currencies and legal systems have been navigating anarcho-tyranny for decades.

But it can be precarious in the US as well, in California it was only the intervention of a veto from Gavin Newsom that prevented SB-1047 from restricting compute and hobbling the development of open source models.

Looking forward, this ability to access compute at scale may well parallel the right to transact. As nations confront their own risks, network state behaviors will become more prevalent, driven by the need for secure, decentralized systems that ensure autonomy in an increasingly unpredictable world.

We’re excited about the future of chaotic.capital and the opportunities ahead. As always, I’d love to talk about any of this with your discussions with you, so feel free to reach out. We’re just getting started, and there’s much more to come.

Categories
Emotional Work Politics

Day 1365 and Good News, Bad News

It seems to be an absolutely awful week on Planet Earth. War, natural disasters, and human venality are on full display. It’s hard to even read the news, political or otherwise.

In contrast, I am myself in a good news place. I have a few leftover health issues as I leave behind the bout of respiratory issues (Covid’s legacy) but am otherwise full steam ahead.

Because I am so busy I find myself offline and missing things. It’s all good news in my world. And then I come back online to check feeds and it’s just all bad news.

I feel the privilege of it but I am also proud to have this stability. We made choices so our lives could be this way. We value preparedness and the calm that comes from planning.

I wish more people could live this way. Focus shouldn’t be reserved for a select few who can make good big life choices. That can be luck of the draw.

I do believe however it’s possible for many more of us to narrow focus so we can let small good choices compound. It’s good to appreciate the value of limiting your attention to your own priorities.

There is an argument to be made that only once you have steadied your own life can you look outside. Given how crazy the outside world can be give yourself the chance to have good news in your life. There will always be bad news.

Categories
Culture

Day 1360 and Strange Days

Maybe it’s always been “strange days indeed” and it’s naivety to think otherwise. You’d think the children of American hippies and yuppies would be some of the most cynical people alive and I’m regularly shocked by the sincerity of normies.

And so while my hippie mother made sure I got all of the John Lennon, even the later years, I can’t say nobody told me they’d be days like these. I pretty much came into this skeptical of authority because America’s baby Boom liberals won the culture war.

A lot of propaganda has been slung for and against Uncle Sam. And we let people talk. Mostly. Media filtered a lot for us and now the internet has broken what little trust we had after Nixon. Not as if everyone remembers how we got here.

Americans barely handle the responsibility of our open information environments any better than your average culture. We let it mostly flow. And now it’s all strange days. If you pay attention it’s hard not to feel like it’s all falling apart at the seams. But maybe that’s normal.

Categories
Aesthetics Politics

Day 1359 and Some Dirty Reading

It would appear I have pneumonia. Healthcare being what it is, doctors say there little point in doing clinical testing to find out if it’s bacterial, viral or fungal (unlikely given climate) as the treatment is basically the same. I did a round of antibiotics because why not. Nuke it from orbit.

I’m stuck in bed mostly, my voice comes in and out for the few calls I absolutely must take, and I’m bored and irritated as I would prefer to work though it as it’s exciting times. I’m sleeping like a champion as my Whoop records day after day of long nights of somewhat fractured sleeping are forced by cough medicine into submission.

Having had Covid at the end of May, I now fear being doomed to some degree of respiratory illness risk for the rest of my life though I rarely had so much as a cold in decades of living in a big dirty city. Global calamities leave uneven marks and I consider myself lucky.

The benefit of bed rest is the amount of reading one can get done. My favorite cultural publication Dirt did a Tech Canon overview to get must reads from the slightly more stylish emissaries of the Silicon Diaspora. No offense to Patrick Collison who initiated the discourse with his own list (which is quite good) but it’s good to think outside the empire’s core for the trendy extracurricular bits of the syllabus.

The Tech Syllabus via Dirt

As someone who self labels as a fashion bitch, I was pleased to contribute Neal Stephenson’s bitchy novella on abstraction and the graphical user interface called In The Beginning There Was The Command Line. It’s dated and old and free on GitHub so go read it.

There is quite a range on the list of core texts including a few books and essays that one could easily imagine being put onto banned reading lists. It’s nice that we have Heidegger Zoomers inside the pantheon now.

Schizophrenic philosophy posting is all the rage with the artificial intelligence kiddies. And to think I thought reading Deleuze and Guattari was a waste of time. Do your homework kids so you can discuss rhizomatic thought and large language models at your next conference. Perhaps you can dig into the war machine.

If I’m having a frail Victorian lady kind of week then there is nothing better than attending to the aesthetics of the moment and now you can too! Remember Alex Karp studied under Jürgen Habermas

Categories
Internet Culture Politics

Day 1356 and Sick Sad World

Current ways of knowing are (maybe rightly) under scrutiny. Some of us attempt to source truth by look backwards citing Chesterton’s Fence.

I’ve been skeptical of romanticizing the past as traditional ways of knowing can be bad cultures too. Sick societies are a constant companion of human nature no matter how we long for that Paradise Lost.

Maladaptive cargo cults are everywhere (Silicon Valley has dozens of flavors) and these superstitions ca. reproduce for generations if nutritional gradients are surplus.n

Noble savages are as silly a concept as high minded aristocracy. You probably know a few maladaptive emotionally sick types within your own communities.

Next on Sick Sad World

Remember the long running joke of Comedy Central’s Stephen Colbert? Truthiness. Emotive truthiness reigns supreme as “news-like” content bubbles in the Internet of AI slop battle out the truth of an issue not with verifiable facts but verifiable feelings. Which one is more maladaptive?

We were subjected to a week’s worth of BBQing content which was digested by the American psyche until we switched to the new cycle of a crazed would-be assassin and his failed attempt to kill former president Trump.

If so much of our society is maladaptive copies of civilizational failures, the best any of us can do is pray we are humble enough to see truth and we willing to adapt our ways to it.

Categories
Media

Day 1350 and Dumb and Angry

“They want you dumb and angry”

Riling up the people (the proletariat if you are nasty) is a time honored method of keeping us under control. Socrates did it. The Roman emperors did it. The New York Times and the Walk Street Journal do it.

Not getting all caught up in being stupid and reactive is a huge responsibility. And not everyone wants to hand “the people” the type of responsibility that staying free entails.

Freedom at scale requires some surrendering of responsibility to others. We outsource what we can’t possibly know to people we trust. It’s clear some of us have forgotten how to trust. And who can blame us. Institutions rise and fall. Priests, Lords and Kings fell to the people.

We then promptly built up new ways to assign authority. For a while we trusted academics, reporters and politicians. Perhaps a few celebrities and billionaire entrepreneurs retain some authority now. I honestly don’t know. The lone man with his own opinion can scarcely compete.

I’m not sure if there was ever a time when an individual could have a “good bead” on reality. The mythos of the American post World War 2 GI Bill educated mass media literate Baby Boomers sure thought they had a grasp on reality. Being directionally correct about Vietnam and Nixon helped I’m sure.

That’s the fantasy I miss most from my childhood. I read “Manufacturing Consent,” Howard Zinn and AdBusters. I thought it was possible to see around the machine. Maybe and I are both Noam Chomsky kind of simple minded. At least now I’m only certain that I’m part of the machine. Perhaps there was never any separation from it.

Categories
Aesthetics Culture

Day 1345 and Class Consciousness

I have written about classism, class anxiety, and class status as part of my interest in how we form group identities. Searching just for the world “class” turns up 504 mentions on this blog.

That seems like a lot but I’d argue that no other identity marker (even race & gender) determines quite so much about your life and trajectory as your class. Yes, even in America. Perhaps especially so in America. If you aren’t read up on the topic I recommend Paul Fussel’s Class: A Guide Through America’s Status System.

Yesterday I happened to be sitting next to a trio of twenty somethings during transit. After glancing at their outfits and listening to their animated discussions, it seemed clear they were either upper class or professional management class. Being both curious and nosy (and having no way out of listening in) I rudely but playfully asked:

Ok I’ve got to ask, are you business school classmates or cosplaying as extras from Industry?

This intrusive question seemed to amuse them and we fell into a long conversation. It turns out they had in fact become friends while getting their MBA from a top European business school. I didn’t inquire into their private family lives obviously but I’d guess that means I was right about both class buckets.

We had a chat about hoe business school was the best decision they could have ever made for their social lives in particular. The class work was fine but it was the friendships that made it worthwhile. Business schools provide an entirely different sort of class experience if catch my drift.

I found it quite pleasant to be in a random IRL social situation where discussion ranged from Biden’s opposition to the US Steel acquisition to the implications of Paul Graham’s Founder Mode essay for the professional management class. Usually that requires Twitter or a Bloomberg podcast (they were fans of Odd Lots).

Naturally this begs the question as to how much I am aware of my own class consciousness and how much I do or don’t fit into my own class (having made the journey through multiple classes).

Do people prefer to socialize within their own classes? I found it relaxing to discuss some class coded topics without fear of looking like a privileged asshole.

Which isn’t to say I think of myself primarily in class terms. Last weekend I attended a gathering of friends & internet mutuals with significant class diversity including lower, working, middle and full on class-opt outs. It was there I realized I was the only person I knew who ever publicly discusses cross-class relationships. This despite cross-class relationships being a significant factor in upward mobility.

I assume it’s as normal as any other kind of cross-identity relationship but now I’m not so sure. Do you socialize outside your own class? Do you even think about it? And most amusingly, is it déclassé to discuss one’s class?

Categories
Internet Culture

Day 1337 and Leet

I’m officially a leet writer. I’ve now been at this daily writing habit for so long that on day 1337 I am cool saying I’m absolutely elite. I have done the thing consistently and gained skills. Because everyday is practice here I am l33t.

If this not-at-all humblebrag is confusing to you, let me explain why 1337 is a joking milestone to an internet kid like myself.

Leet, also known as “1337” or leetspeak, is a form of modified spelling used primarily on the internet. It involves replacing letters with numbers or other characters that resemble the original letters, creating a unique orthography. For example, “leet” can be spelled as “1337” or “l33t”

Leetspeak on Wikipedia via Perplexity

I’m no h4x0r but I’m not a n00b to being extremely online. While a being on the fourth year of a daily writing habit is nothing to scoff at I’ve been on WordPress for close to twenty years. It feels good to be leet at something as extremely online as blogging.

Categories
Culture

Day 1335 and Open Season

We are so close to being out of the long horror that is Summer. I’m ready for a change. I can almost taste it. The temperature hasn’t really dropped yet but the shortening of the days feels like a balm to my nervous system.

Yet oddly it wasn’t nature that cued me in. I saw a tweet from a New Yorker complaining about the 7 train not running on the first weekend of the U.S Open.

With unpredictable and uncanny seasons off from the baseline of my childhood, it can feel like I rely on cultural markers for seasonal shifts more than temperature changes.

I grant a chill in the air may come at random when you live in the high variance mountain West so maybe it fits that a complaint from a city is a better marker as to last call of summer. They like in concrete and need the reminders. Tennis in New York means fashion week is just around the corner.

I’m ready for the season to open. I look forward to pilgrimages to the cities to keep business turning. But I’m going to enjoy one the last weekends before we are all called back to the churn of industry. For those lucky few who harvest I pray for bounty.