Categories
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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Community Emotional Work

Day 1293 and Pollyanna

I’m a millennial who was mentored professionally by Generation X. Boomers rarely factored into my early work life. Even when I reported to the C suite and a board it was still mostly Gen X.

My Gen X mentors had a watercolor landscape of gentle layered cynicism that painted a picture I just didn’t quite see. I don’t have the temperament to see the worst in people and I still believe I could reshape institutions. I felt the biggest difference between myself and my mentors was that I was a bit of a Pollyanna. Many Millennials are earnestly optimistic.

That’s kind of a funny statement as I’m known amongst my social circle for my interest in what happens when things go wrong. I live in Montana in a small farmhouse with a solar grid. My husband who works in Bitcoin. I named my venture fund chaotic. My revealed prefences don’t scream “belief in the future” at first blush. I was taught that being prepared is how you end up with good outcomes.

Cynicism clashes with my belief that good outcomes are possible. Not only can we get wins but have to do so. There is no way out of our problems that is not through.

And I’d rather face that reality with a smile and a belief system in my fellow man. Better to endure regular disappointments than to never know the joy of things going well.

I want to approach the future as one that I can personally shape. Being allowed to contribute to a network that works collaboratively appeals to me because it’s fundamentally an optimistic vision. We can coordinate through all kinds of mechanisms for consensus.

Despite the cynicism of Gen X I am confident I wouldn’t have the dream of networked collaboration if their hackers and engineers hadn’t shown me we could build something better. Maybe that’s not cynicism but realism. And I hope that the realist camp contains lots of Pollyannas. Don’t stop believing and hold on to that feeling.

Categories
Community Politics

Day 1277 and Don’t Lose Your Head

Everyone has their entertainment and mine is makes me a little bit of a stereotype. I hate podcasts but do most of my chores while listening to Bloomberg’s Odd Lots podcast.

I was catching up today with an interview with equities analyst Tom Lee. My attention got caught and stuck on his description of Bitcoin.

“Yes, Bitcoin is unlike other asset classes because there is a cooperative value. You know, the people who contribute to the network benefit from it. And that’s different than any other asset class.”

From Odd Lots: Why Tom Lee Thinks We Could See S&P 15,000 by 2030, Jun 24, 2024

Now I don’t think this is unique to Bitcoin. Cooperative value can be found in everything from nationalist politics to luxury handbag resale pricing. But I do this it’s important to have cooperative values be baked into a network for it accrue value.

We’ve traditionally mitigated concerns about market cooperation through clear property rights and legal protections. We’d backed up those claims with things as abstract as a monarch. We’ve evolved to it to the slightly more concrete full faith of the United States and Byzantine bodies of securities law. Fiduciary duty and all that.

But as we become less inclined to trust that the buck does in fact stop “anywhere” we are looking for ways to mitigate that risk. How to operate in a world without trust? You develop trustless protocols. Humans have plenty of intuitions about trust and many these intuitions struggle without a clear person with authority to act.

So I ask if we are heading into a “headless” age?

As distrust in institutional power struggles we are seeking out new ways to continue the business of life and civilization even if a high trust society is in question.

We’ve got networks like Bitcoin that work without a head. We have new corporate structures like decentralized autonomous organization (DAOs) that can operate strictly based on cooperative rules, and indeed now entire memetic cultures (like e/-cc) which hold power while being headless.

Lest you think this is some frontier tech idea that doesn’t apply to you we’ve headless content moderation systems & headless retail platforms. Huge swathes of financial tech is living above the API.

You could even argue that we’ve got headless political parties as the Democrats and Republicans both struggle with defacto heads nobody particular trusts. I don’t know if we can live in a headless democracy. Deciding who is a citizen is a very different matter than deciding who is a shareholder.

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Internet Culture Preparedness

Day 1261 and the Jackpot

Dedicated roamers of the internet are people who like to notice things. Cyperpunk aesthetics made it romantic to experience global abstractions even as the reality of the power of oligarch, state and corporation blended into murky dystopian reality.

I said recently on this photo that we’ve got to stop hyperstitioning William Gibson. We keep finding ourselves further into the future. Just look at these anonymous accounts (so you can enjoy being a participant in the propaganda) joking about a drone operator in Ukraine.

We have netrunners. They’re autistic Ukrainian drone operators and their ice baths are niccy rushes

It’s hard to remember that real people exist on the other side of the abstractions. And yet here we are about to be those real people facing history. And it does seem like the time for taking action is now.

Venkatash Rao wrote an essay “many shoes are dropping” that gave me the kind of frisson of living in future, but as Gibson famously says, a bit unevenly. Across all narrative and technical arcs and and inside geopolitical realities we are starting to see the change.

In this I can’t help but see Gibson’s Jackpot. The elements that Rao calls out are multiple significant elections (not the least of which is the final installment of Biden vs Trump), the capital and nation state power consensus he calls “after Westphalia” and the intertwined fates of artificial intelligence and crypto.

A lot can change in a world where every form of power is being tested. I’ve written about this Jackpot energy before.

The fictional “jackpot” described in the novels is an “androgenic, systemic, multiplex” cluster of environmental, medical and economic crises that begins to emerge in the present day and eventually reduces world population by 80 percent over the second half of the 21st century

The Jackpot Trilogy.

I myself think it a privilege to even be a bit player in this moment in time. That I can allocate resources in any way feels high leverage in a way I didn’t anticipate experiencing.

We are the adults in the room. It may not be mich but we have agency. I feel good about putting my focus on crypto, AI and nuclear energy. Like Rao I can tie together past thoughts across a wide corpus by writing here every day and make decisions based on what has emerged.

Categories
Culture

Day 1259 and Cooler Than Me

I was once (devastatingly) told by an ex-boyfriend that the song he associated with me was Mike Posner’s Cooler Than Me. He felt I cared too much about taste.

This wasn’t an unfair assessment as I was working in fashion at the time and maintained all the intellectual pretensions of being a antiquity obsessed fresh out of Chicago Austrian school economist devotee. A capitalist with taste isn’t really a likable figure.

Twitter mutual Tracing Woodgrains (himself a frequent commenter on the value of beauty and taste) suggested reading this essay in the American Mind about the cultural flaccidity of conservatism and their taste problems.

Reading the essay, I thought it a shame that the taste problem that clearly plagues the right goes on unabated. They tolerate losers with bad taste. And they carry on about how they are losers which further salts the wound. It’s not the kind of commentary that suggests their culture is worthy of dominance.

I am privy to the occasional conversation on this subject as I being crypto libertarian I am bit of a neutral in the culture and institutional wars between progressive and reactionaries. At a dinner of mostly internet dissident right wing types, the topic of being losers was aired.

The host, a clear winner from the ascendant investing and engineering autist culture, rightly pointed out if conservatives wanted to align their fortunes to winning cultures (it was implied like Silicon Valley was a winner culture) then the right wing too needed to become winners. I fear that advice fell on deaf ears. It’s hard to tell someone that being a loser is a skills issue.

Libertarians get a kind of drop out “smokers behind the bleachers” kind of cool in America. The lower case libertarian of the philosophical bent not whatever big L party apparatus that might exist. Those guys are all losers.

The “fuck the Fed” constitution carrying types have a lot that is likable and winning. Fighting civil asset forfeiture, and for marijuana decriminalization, first and second amendment protections, and bodily sovereignty are winner issues across different constituencies.

To go against the grain of big government pieties of both left and right is to resign yourself to being on the outs pretty regularly by disagreeing with both sides but to rest confidentially in the cool of knowing you hold your ground.

To be on the outs means you retain a crucial aspect of cool. You aren’t the mainstream even though you benefit from not being made its enemy no matter who is winning.

Casablanca is libertarian coded and undeniably cool. Seeing the fallen world as it is and having the balls (or backbone for those with delicate sensibilities) to live your own life is an act of bravery. To have own opinion amongst sinners and saints is fundamentally to cultivate and know your own taste.

That returns me to the essay by Spencer Klavan “A Matter of Taste” that kicked off my response.

If we’re serious about a revival, we are going to have to accept the inherent risk and unpredictability that comes from letting artists see the world before they judge it.

In turn, we are going to have to learn to suspend our own judgment long enough to see what the artists bring us for what it is. In other words, we will have to cultivate a little taste.

If we do not know our own taste we can hardly know the line at which we draw the boundaries of civilization. To know what we value is the point of cultivating taste. To hold on to the standards you’ve set for yourself is to hold yourself up to others. To live this way in action and through your own revealed preferences is to say “this is what I value” in my actual life. If you can’t do that, then you will always be in danger of having someone they are cooler than you. And a loser might care.

Categories
Startups

Day 1254 and Zipppp

I hadn’t expected to have a busy day. I’m really not enjoying having Covid. It’s an inconvenience and it sucks.

But suddenly I was getting all good news from all sides. A startup with a round. Another founder preparing to go out for an enviable raise with exceptional traction. An SPV for a round everyone wants in on. A colleague who had been thinking of taking action on a thesis is going to run an experiment. It’s just all very much my investments and my ecosystem thriving.

I felt like I was in William Gibson’s Jackpot. Incredible things are happening across so many industries and the world is an absolutely chaotic mess. It’s nothing but wars, gerontocracy and resource constraints out there. But here we are working.

Chaos pulls acceleration out of us because we must solve the problems in front of us. War and geopolitical turmoil and climate change require us to shoulder more.

We have real engineering challenges in compute, nuclear, decentralized systems, artificial intelligence and open source to solve to get to meaningful breakthroughs.

The problems are not easy. But our tools are getting better and the compounding effect of this renaissance in intelligence is that we might be able to build for bigger things.

Doomerism wants to focus on how bad things are. And I am the last person to disabuse you of a realistic model of what we are up against. I live off grid in Montana, I own crypto and I like my freedoms.

Humans are resourceful. Given ingenuity and incentive incredible talent has the will to say that I will take on this piece of the future for all of us.

It’s such a privilege to be woven into the ecosystem that is getting us through the Jackpot. And dare I say maybe the application of our ingenuity gets a better result and we can improve on Gibson.

The fictional “jackpot” described in the novels is an “androgenic, systemic, multiplex” cluster of environmental, medical and economic crises that begins to emerge in the present day and eventually reduces world population by 80 percent over the second half of the 21st century

The Jackpot Trilogy.

Maybe we can improve on these numbers. We’ve got the doomer version in our imaginations so now we can find a solution. Life, as Jeff Goldblum reminds us in Jurassic Park, finds a way.

Categories
Startups Travel

Day 1244 and Twenty Four Hours To Go

Discussing travel mishaps has become something of a national pastime for Americans.

Memorial Day Weekend is the official kick off to summer and I had the good fortune of doing a transcontinental flight. And by and large it went smoothly and enjoyably. It was a record breaking day for travel.

I was on a route I’d never done before flying Munich to Houston. I was on my way to my favorite crypto convention Consensus.

Despite the record breaking number of travelers, I had a pleasant United flight. The westward flights can be tricky for sleep as it’s not an overnight.

The logistics of this worked out as I slept 6 hours before a 4am wake up for the positioning flight and then on my flat lay got nearly a very decent four plus hours.

Munich to Houston is 10 hours & I slept well

My RHR was pretty high from the stress of flying but I was quite impressed that I got restorative sleep and REM. Those flat lays on Polaris really are worth it.

Once I landed in Houston I had a short layover where I was lucky enough to enjoy a sit down meal in the Polaris Lounge. I only wish I’d had more time to enjoy it but clearing customs, going back through security and rechecking luggage takes time.

After all this incredibly pleasant travel there has to be something right? I had a half mile walk to the E gates for my Austin flight. Americans don’t queue well so I arrived at the beginning of boarding. The entire plane boarded only for us to realize we had a serious mechanical issue.

We then deplaned and walked from the end of E gates to the very end of the C gates (about 22 minutes as the New Yorker walks and a mile and a half) to get to the new plane.

The crew was in danger of timing out while catering needed to do a supply for a down line flight. Someone’s executive decision worked in our favor as we got into the air without getting ice for whoever had the airplane next.

What is a two hour drive turned into a five hour ordeal but I made it in one piece and passed out much later than I intended after a full twenty four hours in transit.

Finally asleep at my hotel in Austin after a 4 hour mechanical failure & airplane change for a 30 minute fly time

If you are in Austin and interested in discussing the intersection of crypto and artificial intelligence I’d love to hear from you. I might need a bit more sleep first though.

A 10,000 step day is pretty good when most of it is sitting on airplanes.
Categories
Emotional Work

Day 1236 and Artists All Around

I was listening to Joe Hudson’s Art of Accomplishment Master Class preparation series today.

I’d previously remarked how I found the name “Art of Accomplishment” to be a bit off putting even as I was very impressed with the results of the work.

I’ve perhaps found essence of truth on the name that wasn’t available to me earlier. In listening to this particular conversation I heard the personal meaning instead of the cultural projection. The meaning is literally finding the artistry of doing things with meaning in your own life.


“When you’re self-aware, it means there is a full expression of you happening. It’s why with the great artists, you see their full expression. And they can only get to that self-expression, they can only get to that level of ease, by having more and more self-awareness.”

Art of Accomplishment

To have an art of an accomplishment you believe there is an art inherent. An artist makes. Accomplishing things is a byproduct of the flow of doing things. To make and to build m, or otherwise enable the process of accomplishing, is itself its own art. “To do” is an art.

I’ve come to love the work of startups and building companies as they are for me a team sport of accomplishing together. Artisans of all kinds are coming together to build a thing or a tool that serves someone else. It is a beautiful process for me

I feel my own flow in the competencies in which I have my own most clear artisanal pride. I do these things for the love of the work and the outcomes of them are simply a byproduct of doing them. I have several areas where the love of the craft is its own motive.

There are artists everywhere. You may well have many areas where you apply an artist’s mindset. Your self awareness gives you a vision of what you want to accomplish. You can be a mechanic or a publicist and still practice an art. Making a salad, fixing the hydraulics, or orchestrating a magazine cover are all accomplishments.

Categories
Culture

Day 1234 and Intelligence

I’m reasonably intelligent as far as humans go. I’m probably in the top quartile or so of reasoning, processing & other measures of cognition. Not being insecure about my intelligence, I feel perfectly comfortable admitting that I’m an idiot. I’m only human.

Humans just aren’t a terribly bright species. But we are a curious one. We’ve built tools that extend our capabilities significantly. And each new upgrade in our tools helps us achieve more with our meager intelligence. L

We can quibble over whether intelligence is different than achievement but analytical, creative and practical capabilities are things you want to cultivate. We want to cultivate in ourselves and ideally we will want to cultivate in the things we build.

Two men are on a bus on a mountainside side. An sad anxious looking man is staring at the rock face on dark side of the bus side with a thought bubble “the AI took my job” while a smiling happy man on the bright side overlooks scenic views with a thought bubble “the AI took my job.”

Sure we as a species have fought these advances but eventually the benefits of developing ways to pass on and improve intelligence outweighs other fears. Material progress is good.

If you afraid of intelligence greater than your own I realize I have no way to talk you out of that fear. I can argue impartially about the benefits that intelligence has brought us in the past but humans are feeling animals not reasoning animals. The best I can hope for is to coax you to consider the bright side of the bus. Imagine feeling awesome about an AI taking your job. Go ahead and see if your curiosity can consider it.

Categories
Preparedness Travel

Day 1207 and Joy of Preparing

Yesterday I wrote about how I’d come to enjoy the complicated game of speaking to others about yourself through appearance. I had been packing some travel bags and had a lot of different context switching to account for what I needed in my suitcase.

Preparedness is somewhere between a neurosis and a hobby for myself and a number of my friends. My husband and I are definitely who you email if you want get into preparedness.

We have fun. I have a group chat where our favorite topic is how we like to stage and prepare different types of bags for life and travel. Everything from which medications should be or the ideal toiletries is in the box.

It can nice to have fun with considering resilience. It’s normal to do wilderness first responder training or to have a go-bag in case of a fire evacuation in Montana. It’s a norm now rural or not to to be prepared.

Everywhere has a risk. Fires, hurricanes, flooding, tornados, earthquakes are new normal of everyone lives. The joy of preparedness is worth embracing. Think of it as kind of anti-Marie Kondo approach to thriving in a more chaotic world.