Tag: Capitalism

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Community Startups

Day 1321 and Credit Where Credit Is Due

I can’t get into the details but I learned today that there is an internal metric at an institution based around work I was personally responsible for achieving.

Literally none of the credit has accrued to me because ultimately the thing didn’t really work but the downstream effects of the social credibility I brought really benefit someone I am not sure I’d have wanted to benefit. If I’d had a choice which I very much didn’t. Sometimes your social capital accrues to people you don’t even like.

I like having social capital to spare but I didn’t realize that someone was profiting off of it to such an intense degree till today. Power laws rule everything around me and it’s actually good. Just funny how little credit you month get for something and how much it might benefit someone else.

I don’t even know if I can even politely point it out simply because it’s déclassé to do so. I’ll have to enjoy the the little irony on my own. And believe me I am. Maybe it gets shared in a small circle of folks for whom making money for jerks it’s a fact of life. But I’ll take the credit privately.

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Startups

Day 1318 and Intention

I am experiencing a peace about the future I didn’t fully expect to find. I’ve been lucky enough to have a number of long term efforts start to paint a picture of success.

I began a process of examination of my last several years somewhere in the last half decade as I prepare myself and my work the next stage of growth. I’ve made a number of fairly significant decisions as my idea of where the future is headed and how I myself expect to live in it. A lot of these choices are public and revealed preferences. I don’t make it a secret.

I’ve been considered a doomer only because I think one has to look with calm and clear eyes at the problems in front of you. Only then can you really build optimism about your capacity to improve. Being merely positive isn’t a bad thing, but positivity is only driving you towards success if you are planning realistically. A good attitude is just a starting point.

I’ve taken things slowly. Sometimes it feels painfully so. But the intentions I had to be prepared to live in a more chaotic world means I live a stable life now even as daily uncertainties exist for everyone.

My intention is to approach building the future with optimism. The problems are large but I work with many focused and sober minded people who actually can and do build solutions. Fighting the future won’t do much. But who says it’s got to be a fight? Maybe we can bring on better things.

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Finance Politics

Day 1313 and Ridiculousness

I enjoy noting numbers that represent milestones (100, 1000) for my daily writing habit. But I’m really a sucker for the cool dates. Today is day thirteen hundred and thirteen of writing every single day.

1313 is terrific. It’s an odd number. It’s also a composite number. 1313’s prime factors are 11, 7, and 17 so really a fan favorite set of numbers just on mathematical properties alone.

I asked perplexity for a synopsis on the numerology and enjoyed the very woo woo response. 1 represents new beginnings, leadership and self assertion. 3 represents creativity, self expression and embracing change.

I am sure everyone would like new beginnings that have the confidence to embrace. I’ve got so much going right I can almost tune out the ridiculousness of the moment. Ridiculousness incidentally was a 2011 MTV a clip show of licensed viral internet content that somehow ran for 1428 episodes.

Isn’t it funny what has staying power? Sometimes you’ve just got to keep at the ridiculous things in check and keep at the thing no matter how ridiculous it looks to others.

Maybe you unwind some things and rebalance yourself and keep at it. Or maybe you bring a dead bear cub to Peter Lugers. The world is filled with ridiculousness. Don’t let it stop you. Every day is a new beginning where you can lead yourself through change.

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Startups

Day 1312 and Phew Slow Down

I haven’t been paying too much to the news of the week as there has been too much to do. After weeks of drama in the world of domestic politics I’d like to be doing something more productive than watching. Silicon Valley infighting

I’m always happiest when I’m working with founders and there is slightly more demand than supply at the moment on the Julie . This is a good thing for me but less so for the founders and I’d like more capacity for them.

I’ve been working from my gut (honed from now 18 years in startup land) and the results of our investing honestly so much better than I could have envisioned.

It’s unusual to be able to do real performance driven work in the first 2-3 years of a fund cycle when you are small and pressed but somehow we are here without single zero in even the riskiest of spaces.

It’s all markups and progress and it feels almost too good to be true and I’m so excited to make the case for where chaotic.capital goes from here. But wouldn’t mind being able to catch my breath. Such is the nature of startups. It can be mostly eating glass but we are actually doing the thing.

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Startups

Day 1311 and Feels Like Winning

I am exhausted. A bunch of wins have come back to back to back and I’m doing the “wait are we winning” dance in my head.

It’s strange dance because I want to enjoy the victories of our crew but it’s always a bit of a whirlwind to wonder and second guesss “is this really happening?”

Startup life is not terribly linear. And almost nothing happens quickly. So it’s easy to question if you’ve made the right calls. I am often quite hard on myself as to whether I am working hard enough or long enough or just being enough in general.

And then when you see some evidence that your work actually is enough it can be hard to accept. Especially if things are otherwise dire for others. Somehow it’s never the reverse for me. When it’s boom times I don’t think “why not me” but when tough and things are going well I will often think “wow is this really happening?”

All of which is to say a lot of stuff is going so well that all I want to do is take a nap. But I’ve been on phone calls, texts and in documents all day because working Saturdays is actually fun for me and the people we work with. Which absolutely feels like winning.

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Politics

Day 1308 and Policies For Any Political Party

I don’t know why I let myself do this but I got irritated by the American election cycle. I have been libertarian and skeptical of the government well basically always. It was probably only really left flavored during a an Adbusters, Battle of Seattle, my favorite band is Rage Against the Machine teenager phase.

What can I say millennials did not like the government because the global war on terror went as well as every other war on “ideas” we’ve ever fought. We lost the war on poverty and drugs too.

But I do try to retain a kind of pragmatic libertarianism that is a recognition that my preferred politics isn’t always going to be broad consensus and it’s sensible to work opposing viewpoints as we have shared interests in civilization and America.

I am hugely affected by my proximity to international founders who adopted America because of the opportunities we have here that are unmatched elsewhere. Our market capitalism has given truly exceptional talent from places that suffer varying degrees of oligarchic, authoritarian and socialist systems.

It’s with this in mind that I’d like to ask American politicians but in particular the Democrats to please consider policy that allows us to remain a place where the best and brightest can rise and thrive. It’s good for all of us

My five basic policy asks are as follows

1) Stop taking aggressive, over broad interpretations of both criminal and civil statutes in regard to crypto. The SEC is trying to kill a nascent industry instead of shape and grow it. There are other first world countries taking different approaches. Japan seems to have adopted healthier ways. I’d like Gensler gone personally as I struggle to see this as anything but petty Wall Street protectionism.

2) Focus antitrust efforts on the industries where consolidation is harming Americans in structural ways like PBMs and agribusiness.

3) Retract the Biden EO on artificial intelligence and take an approach to akin to how we settled the encryption wars in the 90s. We don’t want to strangle a new industry as it is emerging just for the benefit of a few large incumbents and the fears of a few radicalism’s.

4) Stop discussing the ludicrous unrealized capital gains tax. It’s unconstitutional & structurally devastating to novel businesses. Only the rich will be able to afford to own a piece of a startup which will further limit social mobility.

5) We have got to find a way for companies to exit and IPO that isn’t this middle stagnant path of Microsoft’s regulatory capture corporate investment playbook. Markets need liquidity to function and the public deserves the chance to be rewarded.

Categories
Internet Culture Politics

Day 1304 and Don’t Scare The Hoes

Twitter had a significant exodus of left wing and moderates as Elon Musk took over the platform. The ugly parts of the internet were allowed free rein on the platform and plenty of users didn’t have time for that.

If you had been raised on a tidy internet of moderation this was upsetting and you went back to moderate places. If you’d been raised on the feral internet you don’t really mind. I was raised on the feral internet. I’m twenty years into sharing space with lunatics.

Some people think the feral internet is is entirely male. And don’t get me wrong, user statistics show 4chan, Reddit, Discord and Twitter are mostly men. But there have always been feminine corners of the internet. And they are influential. Tumblr girls, MySpace, and Livejournal had plenty of the dark feminine before we cleaned things up the consumable Instagram age. Before Ballerina Farm we had much rawer Mormon mommy blogging from Utah. Remember Dooce?

Working in fashion beginning in aughts and teens, I had a front row seat to the dark era of Tumblr. I’d seen horrors arise from femcel message boards. Pro-Ana content was left to fester because no one cared when women kept the harms to themselves. Guess what, those girls aren’t all grown up and now they harm the boys too.

OnlyFans findoms predate lonely nerds and Reddit mistresses trawl /marriedredpill/ looking to get laid by insecure rich men coated in fear optimizing around pick up artist tactics.

Women are not the good guys on the internet any more than men are the bad guys. The dark places online are dark for everyone. Welcome to the equality we’ve fostered. Scammers and grifters for all.

Dopamine rushes and control fantasies run rampant among the fearful and no flavor of childhood trauma goes unanswered thanks to the persistent financialization of every human relationship. We call this a low trust society.

So you might think it unfair of me to request, as a woman, that the men do not scare the hoes as we travel the next 100 days to the American election.

A right thinking person might recognize that there is no advantage to be gained in the gender wars. We are all combatants in a conflict that serves none of us and does much to degrade us all.

But young extremely online women are crashing into young extremely online men and the result is bratty cop memes and couch fucking. Cat ladies fighting dweebs is not a good look. Some might call it deliberately demoralizing

The normies, who let’s be honest are mostly women, are scared shitless of the aggressive edge of online discourse. They don’t like any of this shit.

And I don’t think you will like what happens and who ends up in charge of we’ve got a terrified population. So knock it off. Be a man. That’s a gender neutral statement. Our civilization is for adults.

Categories
Community Politics

1302 and Virtual Insanity

It’s a crazy world we are living in

A number of my friends and colleagues have descended on Nashville this week for the Bitcoin Conference. I didn’t make the trek as southern heat in mid-July isn’t for me.

Despite being remote, it’s been easy keeping up on the event. I connected various friends who all different politics & interests. It’s been a delight to get selfies and “ussies” sent to me as my network connects in person. My virtual network exist IRL.

Meanwhile back in “extremely online” land where I spend my workday it feels as if the virtual insanity is at a fever pitch.

We’ve been recycling the same fears of virtual worlds since I was a kid. When I was in middle school the big hit was Jamiroquai’s Virtual Insanity.

You may remember it as a catchy funk hit where a gentleman in a big black hat dances through an underground city.

Oh, futures made of, now, virtual insanity
Now we all, we seem to be governed by a love
For these useless twisting of our new technology
And now there is no sound, for we all live underground
Yes, we do, oh

Jamiroquai “Virtual Insanity” c. 1996

It doesn’t seem like much has changed in the intervening quarter century or so. Everything is a twisting of technology as hyper partisans battle for mindshare on who decides on who can owns the virtual world and its creations.

I hope it provides some small comfort that the things we are challenged by not new. Intractable human nature doesn’t change much. So before drowning in the virtual insanity consider doing something in real life. I’d be happy to facilitate introductions.

Categories
Culture Politics

Day 1301 and Coming to America

The leadership of any powerful industry naturally has some vested interests. You assume this is obvious but to give Kamala Harris’s mother her due “”You exist in the context of all in which you live and what came before you.”

That is actually a pretty conservative viewpoint to have. What if you can’t upend all the systems around you even if you’d like to apply something demonstrably better. Technology isn’t just gadgets. There are social technologies too. Media and money are both in that category. And it’s taken time to integrate both.

How we perceive each other and what we are owed relies a lot on both “what we’ve always done.” I think investors actually have reasonably good intuition that most “insane invention that breaks with all we’ve ever known” happens in spite of human nature and not because of it.

I am absolutely fascinated by how others read history in light of this fact. We highlight revolutions and change but as any good “nothing ever happens” nerd will tell you it takes forever.

So if you think something is going to change for good you need to make the case consistently over time. And one thing that just doesn’t change that fast is who is in charge.. Haves and have nots. The people who make the rules and the people who follow them. How you became a member of the class of people who make those decisions versus the class of person who accepts their decision is basically the TLDR of civilization. Classism appears to be incredibly hard to shake and we reorganize regularly to praise our betters.

America likes to tell itself a lot of stories about our rebellion against monarchy but it’s mostly a story about who gets to keep the wealth. Answering to your betters is enforced eventually with the pointy end of the stick and you can decide then how much you have to lose. If it’s enough (or very little) that’s when you get in trouble.

America being a break with British mercantilism has a pretty happy end of colonialism story. That isn’t true everywhere. Plenty of place kept their ruling classes with plenty of social benefits. Bread and circus is now healthcare and collegiate education. This expansion of prosperity has not gone evenly for everyone.

Socialism and classism in other countries really benefit America. Capitalism literally pulls people here despite our backwards immigration system that is actively hostile to bringing in this amazing talent. In America we’ve had a fantastically successful diaspora of India’s upper classes thanks to their history.

Welcoming in the everyone is one of America’s most cherished narratives but we we have done a lot to cherry pick other country’s the best and brightest who are otherwise stymied in political and social systems who don’t recognize them.

So when the markets crater I think it tells you something about how we all feel everyone else must feel. Some interests don’t feel good about Kamala Harris. Technology stocks cratered. Lockheed Martin on the other hand was up in the markets today.

Maybe that tells you something about who is and isn’t more established in the hierarchies of America. Maybe that should influence your actions. QQQ is not brat but the Styles section is very happy. Shondaland might have gotten the “we’d get rid of race but never class” thing right on Bridgerton after all. Anyways now is a great time to read your Thucydides.

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Biohacking Internet Culture Startups

Day 1297 and Crypto Libertarians in the Age of Cyperpunk Anarcho-Tyranny

We are living in the past’s version of the future. The Cyperpunk I read in my youth is now the stuff of my daily life. It’s not as sleek as in fiction but it’s hard not to feel like it’s William Gibson’s world and I’m just living it.

The clubs looked a little sleazier as we escaped the aughts but we had a renaissance in technical tools for producing culture. Digital music and multimedia have exploded entire social media economies. Could Vernor Vinge be right and our economies will turn to creating data to train for the singularity?

We are only now getting Idoru but we are veering towards Burning Chrome. Half the anime avatars in accelerationist e/acc chats are wearing Mirror Shades and everyone watches for crypto rugs. But we are getting our Mt Gox Bitcoin back right?

What about borderless corporate worlds and mass scale surveillance identity? That’s here too. When William Gibson wrote “Disneyland with the Death Penalty” I wonder if he knew it would be the nexus of the network state debate?

I can turn on club kid techno from 2002 and look at a reality in 2024 and its aesthetic is pretty close to the details Jonny Mnemonic. A global pandemic that affects the nervous system of those infected which was accidentally released from a lab.

Johnny Mnemonic movie poster.

We’ve even got the LoTeks in a Luddite rebellion against a world connected by dubiously transparent artificial intelligence owned by actual Zaibatsu multinationals with more power than nation states. Fact and fiction spinning hyperstition better than Nick Land ever dreamed.

The vulnerability of our entire world to our digital networks was made dramatically apparent yesterday when Crowdstrike took a hot knife through the butter of corporate infrastructure and left us with blue screens of death.

It’s not real but it could be

Snowcrash and Crash Override? It’s better. We got amazing memes and elaborate fakes of the Blue Screen of Death. It actually did suck for airlines and banks because regulatory capture is the stuff of systemic risk.

And lest you think we’ve got no biohacking in this Cyperpunk world after the pandemic we have a renaissance in systemic & holistic approaches to medicine. Suddenly everyone is aware of the risk in agribusiness. Seed oils is normie stuff. Instead of turning Luddite the Danish invented advance metabolic medicine to cope. Everyone is on GLP-1 agonists.

Mix in the rise of nicotine and THC and you’ve got a national post prohibition bloom of folklore cures whose research has been suppressed by pharmaceutical companies and regulatory bodies alike. Conspiracy? Maybe but just the sludge of industry.

When I look at my own work I see the future arriving. We fund decentralized compute and marketplaces for inferences. We fund open source database software. We fund multi-sigs for hyper transactional blockchains. We fund nuclear fission that pulls its materials the sky.

And in that all of the is our founders are global citizens who have to manage anarcho-tyrannical borders with visas controlled by incompetent governments and live through the geopolitics of wars fought with drones and propaganda. The future is already here. It’s actually pretty cool. Just watch out for nervous system tics.