Tag: Capitalism

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Internet Culture

Day 469 and the Discourse

On the one hand, the discourse today is horrible. Elon Musk threatening to buy Twitter is breaking people’s fucking minds. On the other hand, it’s the height of culture to be so singularly obsessed with a topic of such little consequence. The zeitgeist is full on psychotic.

This isn’t about free speech. Fuck that. No one gives that much of a shit about corporate governance that they’d super impose a civilizational problem like free speech onto securities law. This isn’t an episode of Billions. In except that both make me want to scream “that’s not how this works, not how any of it works” into the void.

This is all an elaborate publicity stunt to feed the narcissism driven logic of markets obsessed with celebrity and personality. Because everyone knows what everyone knows, pricing discovery is a function of lurching forward a narrative for the vox popli. Except everyone is convinced they are uniquely brilliant so they can’t possibly also be manipulated by the transparent agitprop. Yeah yeah sure I’m a galaxy brain too. We’re all playing 4D chess. Everyone is winning and the markets only go up.

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Startups

Day 468 and Small Moves

One of my favorite movies as a kid was Carl Sagan’s Contact. It’s not a great movie but it’s heart is in the right place. It’s a beautiful story about human curiosity and the long timeline of history. In one of the closing sequences the protagonist is told by alien intelligence as embodied by a representation of her dead father that all next steps are “small moves Ellie.”

I never feel like I’m moving fast enough. Every day presses against me. I long to slog through them with speed and alacrity. It’s almost embarrassing how inadequate I find my progress. But then I remember that I move fast. I live ahead of the mainstream. I get to sit in the future that William Gibson said was not evenly distributed. Even if I don’t think I’m particularly good it’s hard to deny just how much of my life is lived in a tiny sliver of humanity.

Someone recently asked me how I moved so fast when I’m dealing with a chronic illness. I found it to be such a shocking question. I feel like I’m glacial compared to the reach of my desires and imagination. But then I’m reminded that even in shorter hours I’m forced to hone my crafts. I can’t afford to waste energy or focus so I simply do not. I imagine this focusing out of need is similar to what parents of young children operate in. The subtle art of not giving a fuck.

And so what if I am slow on a day to day basis. Rome wasn’t built in a day. I’m not a market trader. I invest in ten year cycles. Everything in venture is actually small moves. But as time adds up so do the aggregate of the moves. Compounding interest is up there with gravity as a force. So even when I yearn for more and for it to arrive faster I have to trust the numbers.

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Internet Culture Preparedness Travel

Day 464 and Miami

Miami is a real American city. You know those criticisms lobbed by conservatives against New York, San Francisco and Los Angeles? It’s not a real American city. It’s bullshit in plenty of ways as our urban populations define America as much as rural, but it’s also true. Places like Miami maintain an essence, a kind of “here-ness” that reveals a thriving ecosystem of all classes, backgrounds and beliefs living in the same place.

It’s a thriving cosmopolitan city with an extremely wealth ruling class. It has welcomed it’s new leadership in the form of startup expats from “fake cities” moving in. The irony is that those are fake places and no one lives there. It’s transient wealth moving in and out for opportunities. Which is exactly what they are doing to Miami. The churn comes for us all. Before it was tech it was drug money and mortgages. It’s a free enterprise kind of place.

But it’s a relief to see mix of people. To see the shitty neighborhoods and the anxiety about crime, reminds you we have to do better for each other. To see the luxury houses and the amenity industry pop up to service everyone rich from yuppie to billionaire. It’s a vibrancy of hustle that isn’t everywhere. It’s a positive thing. For me it smells like America. A belief in the future where things could be better. A sense that capitalism is working.

As I write this my Uber driver is complaining about the local cops. How unfair their targeting is of everyone going too fast. A real class solidarity moment against the fuzz. Lambo owners and ride share drivers. I feel like that doesn’t happen in striated societies where the top use the police to torture their plebeian neighbors.

I didn’t really enjoy my time here. It’s way too hot. It’s facing intense pressures from climate change so I’d like to come more often before it’s too late. It it’s already too late maybe.

There really are issues related to inequality and the challenges it manifests via societal issues. It’s got crime and infrastructure issues and intense political culture war currents.

If I’m honest I’d rather be in a colder less populated state where some of the existential risks of the future are better mitigated. But I admire the optimism of people who do. They are the optimistic people we need for a better future.

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Internet Culture Startups

Day 461 and Remora

I saw a headline about how Trump’s social media site is failing. I’ve got no idea if that’s true but the media likes the story. This is playing out in the context of Elon Musk using corporate governance as a public relations stunt with his new Twitter board seat. Everyone wants to be an attention grabbing technology company even former presidents and aerospace billionaires. Because even the stupid stunt stuff in tech can be world changing.

I’m at the big Bitcoin conference in Miami. It’s a lot but it’s not fundamentally any gaudier than any other industry event I’ve attended in twenty years being adjacent to startups. Before my current stint as an investor I worked in fashion and beauty so I’ve seen a lot of excess. M I was raised in a boom time Web1 startup family. But also my family went bankrupt. I’ve seen the dark sides. I still work in tech. Like Trump and Elon I too just want a piece of the action.

It’s because startups change the world. Even stupid weird dopey absolutely cult adjacent shit can and does change the world. All these prestige television takes on frauds and crashes and the cult of personality nonsense miss that sometimes those freaks actually do it. Sometimes they change the world. Ok most of the time they don’t. See the current unraveling of Fast. 99% of the time shit goes bad. But to have even a little bit of the action of the 1%. It’s fucking dazzling. It’s worth being adjacent to all the bullshit.

I hold in high esteem the folks who work at the flameouts. Anyone who takes a chance and has it go bad has my admiration. I’ve been one of them. I’ve failed a lot. I’m lucky I don’t get punished for it. At least not much. I’ll never know how much shit like my gender or my ridiculous social media personality factor into that shit. Because I am always allowed to get right back into the action and make shit. Making shit is our currency.

I think this is why even the most powerful people gravitate towards startups. You actually get to make shit. At the earliest stages you get to be personally responsible for so much. Your actions have meaning. You contribute. You know how rare that feeling of community and camaraderie is in peacetime?

It’s a commodity so precious we let ourselves be led by girl bosses and fast talking celebrity thought leader venture capitalists. We tolerate a lot of assholes and psychopaths so we can be in a community of people that make things. It’s the American dream and the most basic human need all rolled up into one.

That ought to give you a sense of the cultural power and vitality of startups. That’s loyalty on par with religion. That’s move history big dick energy. And I think some people hate it I find the hate inscrutable but I’m sure it’s probably legible to those who feel left outside.

So yes boom time early energy big money hanger on remoras are part of any thriving ecosystem. And as far as I can tell Bitcoin has the manna to go the distance. Because everyone wants a piece of the action.

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Travel

Day 459 and Humiliated

I am inviting a friend with a “bad visa” to spend a vacation with my family over the summer. We’ve got a road trip to national parks as well as a family reunion with full on Boston lobster boating as options for a great trip. It’s a big to do and a pretty quintessential American summer vacation. After the pandemic those kind of tourist dollars are clearly much needed.

However the American government doesn’t seem as keen as I am to show off the majesty of our nation. It’s really hard to get a tourist visa granted if you are not from a desirable nation like Sweden or the United Kingdom. Basically as the American if you invite someone who requires a tourist visa it involves something called a Form I-134. And it is extremely noisy. The goal of the form is to show the Feds your guest won’t become a ward of the state.

They want to know the balance of all my savings and checking accounts, the value of my personal property, my annual income, a list of stocks and bonds, my life insurance policy and it’s cash surrender policy, and any mortgage or real estate. The immigration lawyer said they look for about 10K in assets as a safety net in case something happens so maybe this is easier for people with normal jobs and salaries. I haven’t taken a salary in quite sometime.

But no joke they make you swear on perjury you have these assets and put in a number of scary paragraphs about how the Feds will garnish your wages if your guest applies for any kind of benefit program like food stamps or Medicare. I find it a little comical as it’s practically impossible to qualify for anything but sure guys let’s scare people into reconsidering inviting tourists to spend money here.

It all has the effect of being a bit humiliating. I’m ashamed I can’t figure out the paperwork without hep. The federal bureaucracy has easily felled better minds than mine but also shit I’m pretty smart. How does an average person manage? I feel ashamed that American is so unwelcoming. I’m ashamed my friend is being treated like some kind of potential mooching criminal.

If America is to even pretend it’s making an effort at being a shining city on a hill, we should start by being more welcoming. Treating guests as welcome seems like a good first step.

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Travel

Day 445 and Traditional American Meal

When I was fifteen I lived in France as part of an exchange program. The family I stayed with asked me to prepare a traditional American meal. Because I’m from Colorado I made tacos.

This did not amuse my host family very much as it was a real pain in the ass to locate things like jalapeños & avocados in the middle of Normandy.

I’m not sure if they expected me to make hamburger helper or tuna casserole as their idea of the “The West” definitely didn’t make fine distinctions between Mexico, Texas and the Rocky Mountains. We were all cowboys in their mind.

As I head into my forth week in Europe I’m starting to miss “American” food. So I ordered Mexican for dinner. In a testament to the strange truth that big cities have more in common with each other than actual countries do, I got some of the best pork tacos I’ve ever had. Just absolutely perfect Cochinita Pibil in Frankfurt.

Maybe it’s my imagination but between delivery apps and Netflix and the expectations of urban living cities have become a kind of default global standard of cosmopolitanism. I suspect this is why the digital nomad has become a thing. It’s not that young urban professionals are actually willing to become immersed in other cultures. It’s that we’ve formed our own culture that is portable to any city of a certain density. Frankfurt and Denver are basically interchangeable when it comes to amenities.

So we bounce from one Airbnb to another with our iPhones and Apple Air computers and we expect a certain standard of cuisine and service and global sameness. It used to be that if you were an American you’d end up at a McDonalds because you were homesick and wanted something that tastes like home. Now I expect to be able to get absolutely authentic Mexican food no matter where I am.

So I guess in that sense I did serve my French host family a traditional American meal. Americans pushed the neoliberal cosmopolitan smoothed edge sameness on the world. And I’m glad I could get good tacos to be honest. But also damn it’s going to be weird when we export cosmopolitan yuppie culture as a traditional Earth meal to the aliens when we finally have first contact. Hopefully they will be less disappointed than my French family was.

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Finance Startups

Day 432 and Send Me Dealflow

The markets are struggling with the chaos of the Russian invasion of Ukraine. Nickel prices doubled. Gas is skyrocketing. Central banks are due for rate decisions but it’s anyone’s guess as to whether hikes will manifest. But in my neck of the woods uncertainty is our business. Chaotic.capital was founded on the belief that an increasingly complex world would present opportunities. And I’ve never felt more confident in our thesis.

With chaotic.capital we’re identifying, investing in, and supporting companies that adapt our lives and systems to the opportunities that chaos brings. We like companies that are adaptable. We like companies that help others become more adaptable. If you are still building in the chaos and want an early stage pre-seed or seed stage investor I’d like you to drop me a line this week.

I believe it’s possible to find leverage in chaos. As scary as this moment feels, it’s possible to profit off of the many ways the world may change. Geopolitical instability isn’t going away. That’s got downstream effects. Think supply chains remaining strained and snarled. Commodity prices continuing to be wonky. People on the move from immigrants to refuges. All of these problems will be opportunities for businesses to improve lives and make money. Everything from logistics software to temporary housing falls under the chaotic remind.

We are not scared of weird bets. We like unsolved problems. If it’s easy to model your growth and the exact trajectory to success, we may not be your partner (though we’ve got friends who will love you). But if you have a point of view on how chaos will enable your success, we don’t need a perfect plan, just a possible future.

Just to give you you an idea of how serious I am about finding weird shit let me tell you the deals I’m excited about this week. I’ve seen an occult marketplace, a real time DeFi data platform, a marketplace for vegetable gardens, logistics and 3PL software for influencer boutiques, and AI assisted direct to consumer abortions. No problem is too weird for us. So come on and slide into my DMs.

Categories
Finance Politics

Day 430 and History Rhymes

If you aren’t following along I am in spending the month working from an Airbnb in Frankfurt. I picked Frankfurt on a whim when I decided to go to Europe. I wanted to work from “somewhere” else after two years of being home. It seemed like a nice central city and I’m a finance nerd (it drives my investments in crypto) so the home of the European Central Bank felt like a great pick.

When I booked the trip the war in Ukraine wasn’t even on the horizon. I was simply trying to get a change of scenery after two years of Covid lockdowns. But now I feel as if it might have been accidentally prescient to be here. Like I’m in some world historical nexus as Europe reorients itself to the next era of geopolitical reality. I couldn’t have picked a better place to absorb the zeitgeist that is going to drive the financial future.

I am going to spend my time here absorbing everything I can about about the currents of past intellectual movements like the Frankfurt School. I am going back to Weimar history and the interwar years. I will go further back to Goethe.

I have this gut sense that there is something I am supposed to learn about history so I can navigate the next decade. While I founded chaotic.capital on the thesis that the world was going to become more complex and thus inherently more unstable I didn’t expect those trends to unfold quite as fast as they did. I thought I had a decade. It turns out the future was already here. History doesn’t repeat but it does rhyme. And if I’m going to predict the next stanza I better start with the past.

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Emotional Work Preparedness

Day 425 and Toxic Positivity

One of my friends Josh Centers became the main character on Twitter yesterday. He’s a stellar writer and I absolutely recommend subscribing to his Unprepared newsletter as he’s my go to guy to for responsible even-handed insights on being prepared for emergencies large and small.

Josh got in trouble for pointing out that survival depends on keeping a positive attitude. But since it’s Russia war time it included the caveat that nuclear war is bad but also survival might be possible.

Nuclear war is bad. Very bad. Don’t get me wrong. But based on my research so far, it’s more survivable than you think. The key to survival is realistic optimism and a positive mental attitude. In the meantime, here’s how anyone can start food prep.

People don’t love being reminded we can in fact take care of ourselves. At first I was surprised. Of course having tenancy matters. But I think people might have disliked it because it suggested our chances met rest on our actions. Sure it’s scary to let go of any sense of victimhood and know in your heart you are responsible for your family.

Josh got called out for toxic positivity. Which if it is legible at all, it is in a millennial woke community. I see it most used when millenials are exhausted from a corporate job that treat them badly but as workers they are expected to be good sports. The idea what we must boot strap our way out of bad times is upsetting but pretty prevalent in a capitalist driven and individualistic society.

Toxic positivity has also become a catch all for substituting personal responsibility for problems like mental health when they are causes by society level public problems. So meditation, fitness, exercise etc can all be labeled toxic positivity if you use them to cope with systemic ills. Church would be considered toxic positivity as well. It’s a classic liberal conservative through line I think. Why should the individual be forced to shoulder a society level burden asks the socialist. The capitalist says why should I be forced to shoulder the burdens of these individuals.

The reality is that in an emergency it won’t matter your philosophy. You will have to cope with the issue, no matter big or small, as it comes and hope that others can improve on your response. But expecting that you will be taken care of or that you can take care of others is just as useless. That’s why preparation is crucial. It’s not toxic positivity but rather the cold harsh reality that only you can save yourself.

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Medical Preparedness Travel

Day 419 and Back to Normal

One of my friends texted to say “I’m shocked the hygiene theater at EthDenver failed as half my team has Covid-19!” Which is of course sarcasm. But we are all back in action. Consequences be damned! I’ve booked conferences through June. A venture fund that backs my husband just booked their CEO summit for an in person gathering. I have finally started eating at restaurants indoors again.

But for all this ridiculous talk of getting back to normal it’s just a lull. I’m happy to be out there as I’m confident in my immunity and my own risk tolerance based on having had an infection and being up to date vaccines. But it might not remain that way. And for plenty of people their risk calculus can’t be as liberal as mine. We’ve left behind the immune compromised. America doesn’t give a fuck about the disabled.

I hadn’t really meant this as a Covid post but rather it’s an introduction to this striving for normalcy. The pandemic is wrapping up and we can “Get Back to Normal” is more slogan than reality. If only because there is no going back. We’ve got the annoyance of all the second and third order effects of the pandemic to deal with now. And that is going to suck more than the pandemic

Faith in institutions is shaken and probably damaged for an entire generation. Health and medicine will make big strides as we finally address long virus issues. Maybe more chronically ill folks get better care. But for most people their trust in science is shaken. Not sure if the good will outweigh the bad yet.

We’ve also normalized a wide swath of government interventions we’d previously never tolerated. But it’s for our own good! Sure but who decides on the good going forward? What might else it get used for? And more people than I’d expected cheered on this kind of meddling in our daily lives. All for the greater good obviously. But I’m worried what happens when fascists get to decide on what is a greater good. And since we’ve normalized intervention it will be harder to push back.

I really do believe things are becoming more chaotic. We’ve accelerated a whole swath of changes that are going to shift our world. Some of it may be in good ways. I certainly plan to make a lot of money investing in the belief that we will adapt swiftly and positively. And either I’m right and we survive and so I make a lot of money. Or I’m wrong and it probably doesn’t matter. We’ve got to leap into the unknown to find out. But back to normal? Sorry buddy but we live in interesting times.