Tag: Founders

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Startups

Day 1334 and Heads Down

I had a couple days of flare in my autoimmune condition that had struggling last week. Down time in bed, especially when you are in pain, can be a bit dangerous when the news cycle is popping off. Pain and American politics are a terrible combination.

I do pay attention to politics alas as I am involved in a number of issues (#FreedomToCompute, regulatory reform, and housing) so it’s easy to over do it with being extremely online. My nervous system doesn’t need any additional stimulation.

I was relieved to be back on my feet today as it felt good to be heads down at work. I’m excited about how my seed investing has been going over the past few years and I’m taking the next steps to evolve the fund. I’m so optimistic about what can be achieved. Founders are particularly motivated to build. Ingenuity sparks when things are darkest.

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Aesthetics Internet Culture Politics

Day 1328 and Weebs as New Social Elites

Yesterday, Occulus and Anduril co-founder Palmer Luckey, posted a picture of him doing Nyan Neko Sugar Girl cosplay to his Twitter account. It’s a Fanime from 2010.

DragonCon enjoyers

On the heels of a sympathetic long form essay in Tablet Magazine that went viral, Palmer posting friendly cat girl jokes on main was clarion call to the one demographic that really matters in America right now. Nerds are the entry into the elite class.

Every flavor of nerd is flexing their might. Autistic weebs are claiming their power in the American elite class. And our politicians ans generals should be thrilled. It’s not not a moment too soon to put the engineers in on the great game

Showing off your niche knowledge is a favored elite game. Millenials & Zoomers understand their reality is being built upon arcane information and have gone for the deep cuts to keep up.

While on Tablet I came across their coverage of the Democratic National Convention where bizarre communist fervor from identities as inscrutable as Zoomer Hoxhaists are on display. Enver Hoxha being the infamous (and possibly crazy) communist dictator of Albania and not a good guy. But clearly some idiotic online intellectual has to treat history as if it were finding a cool band.

So if you subscribe to hidden knowledge as social capital then it’s time to read up on Gaetano Mosca and the Italian school of elitism. For discourse watchers, they were notable anti-fascist thinkers.

If you made it through the marathon Joe Rogan episode interviewing Peter Thiel you might have caught the memes about Chimp Empire. Well turns out that’s topical and an approachable angle.

every society could be split between two social classes: the one who rules and the one which is ruled

The current elite class of interests has looked beyond our military industrial complex to to Silicon Valley. They have known for sometime if you want to beat the communists (or the fascists or the oligarchy) then partnering with the new nerd elite is now your move.

Don’t worry Douglas MacArthur was a red blooded American military man and a weeb. Autists long a good track record in defense innovation.

If you want an eye to the future then learn the ways of the weeb. Drone warfare and embodied habits? Take it a step further WinterMute. Your transgendered simulated intelligence running that drone was trained on green text and it’s time you learn to speak like a native of the hive mind.

Rise up cat girls! Now is the hour of the weeb. Do it for America. Do it for capitalism. Do it so we get some sick Mecha suits from Uncle Sam.

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Politics Startups

Day 1322 and You Can Just Do Things

The older you are the more you begin to accept the way things “are” in the world. We’ve come to accept layers of professionalism between us and the real work of the world as we go about pursuing our own comparative advantage.

Surely someone is handling the bits we are not as this is an advanced civilization right? I fucking wish.

I don’t wish to disparage our expert managerial class but we are all human. The experts are just operating from past biases and some of them haven’t been updated in quite a while. The people in charge might even be quite wrong.

Sometimes things are much easier than you imagine. I remember being asked when fundraising for a cosmetics business about the relative challenge of sourcing manufacturing.

The bias ten years ago was that there must be exclusive manufacturers who make the nice things they sell at department store. Turns out any idiot who can underwrite a purchase order to buy anything they like for an astonishing array of things.

Now maybe you think ok but not all businesses are like this right many businesses have regulatory challenges and someone responsible must be in charge of all of that.

Surprise those are regular people too. And most of them have LinkedIn profiles now. Everything from the bureaucracy at the Department of Energy to the local zoning board is one like now

I spent a few years on a community board that oversaw liquor licenses in lower Manhattan right after Trump was elected as I wanted to be a more active participant in my own democracy.

Turns out a lot of life goes on at the local level and the levers of democracy go through having your papers in order. American life has a lot of paperwork. If you wanted to serve alcohol at your establishment you went through me and a couple other normal citizens at the liquor board

Most businesses spent small fortunes on laws to manage the paperwork of doing business. It was expensive and time consuming and I looked at a lot of Michelin caliber restaurant business plans.

I did everything I could to make sure a license got through. Most of the board had a similar attitude. We’d redo applications on live at a meeting sometimes which made them go for hours. But generally the goal was to get permits approved and have there be no issues that could trip the business up.

I felt I had a civic obligation to be more involved in helping people just do things. You can get through the paperwork.

I want Zoomers to do their best to convince the older people living in the past to help us update our priors. You can just do things.

You can find a laboratory for a formula or a factory for parts. You can find the regulators and local people on board and convince them of the soundness of your plans. You can just do things. Even if someone says something is hard you can probably do it. Even impossible things might have a chance if you just keep working the problems.

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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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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.

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Community Media

Day 1281 and Independence Day

On day 915, which was last year’s 4th of July I wrote about the aspirational America as an idea. It involved blowing shit up. It seems like each Independence Day I find a way to praise Roland Emmerich’s fine science fiction film.

I haven’t watched it yet today but hopefully I’ll at least put on a few clips to enjoy fighter pilots, aliens, inspirational Presidential speeches and fireworks.

The backdrop of drama in the media about Joe Biden is in some ways an ideal way to recall the fractious American community. A continent held together not by ethnicity or religion but by entirely abstract ideals is going to constantly tested.

The theory of print capitalism posits that capital sprung from the solidarity of nationalism presented for the first time in mass media. The common cause of one’s countryman makes it easier to levy for taxes for conflict.

We are far beyond print in our media now. It’s almost cheap to call out media climate “totalizing” an it undersells the experience. Social media makes the experience of Americanness so fluid it ranges from aesthetic choice to the anarcho-tyranny of ailing power.

And yet we try to do better as the general temperament of the nations. America is a place where the founding mythos is that anyone from anywhere can become one of us.

The nationalism of belonging in America has nothing to do with meeting a check box of criteria. Though we are trying to make it more so with bureaucracy. The ideal is that free country sets the condition so anyone succeed. Liberty is a hard fought thing. You can celebrate it in a manner that’s pleasing here. Namely fireworks.

Happy 4th of July everyone. I’m as committed to the American project. The frontier is in our souls and we search it out together in freedom.

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Culture Startups

Day 1278 and Follow On

I’d like to think I’ve got a talent for understanding how hype and momentum are built.

I learned this skill set by doing. I picked it up simply by being a cool kid working in the trenches of the business of style.

How does hype turn into capital? Well it’s complicated. Consider two significant trends from my youth. Was Indie Sleeze a real cultural moment or manufactured? Did we get taken in by the HypeBeast? Ask Glenn Youngkin in his Caryle Group era about his Supreme investment. Get Gavin McInnes and James Jebbia to go a couple rounds about their relative wealth. and come back to me. Still unsure? Ask Barbara Kruger about the clusterfuck of uncool jokers.

The original culture and the commodification of the culture is a spectrum and the Tommy Hilfiger Event Horizon is infinite. Who makes culture, who money and who only brings money can be challenging to calculate.

The thing about cool, it’s sine qua non, is that it grapples at every stage of its existence with its own validity. Cool thrives as a grounding process to what’s actually happening in reality.

Cool is a relational experience between someone or something authentically popular amongst a group that relates well with each other.

And that relational power is validated by some wider need in the world for their belief, innovation, art, product or philosophy. Sometimes this can be quite irrational surely but consensus is hard to come by. One of the classic essays in validation of cool is geeks, mops and sociopaths in subculture evolution.

The validation of something “cool” eventually reaches a point of opportunistic acceptance by those merely into a thing for the capital. Sometimes it’s social and sometimes literal currency.

These so called “sociopaths” who follow the momentum often do not realize that they are just in it to capitalize on cool. I don’t want to suggest anyone in a thing for money or cachet is a sociopath just that incentives for status are significant drivers for people.

Often we need the people in it for the money. It’s wonderful that angel investing exists and momentum investors have perfectly rational incentives. Sometimes you will even see significant self awareness about this. If you put resources into a community and don’t cause trouble you are often welcome.

Now you can refer to this type in startup investing as dumb money. The follow-on capital that is riding on the work of others who authentically believed before a thing was cool is a necessary part of the ecosystem.

I don’t at all mind when someone is a follower. You can be “a cringe follower late adopter” or whatever terminology we are now using to describe laggards in the adoption curve.


 Everett Rogers in his book Diffusion of Innovations

Unless you are a pain in the ass, actively predatory, or making your contribution more trouble than it’s worth, you should go ahead and lend your support if you can take the risk.

Don’t take it personally when hipsters sneer. They may have been earlier than you but it’s fine to back winners. Just don’t expect the founders to give you special dispensation for getting on board when it was safe to do so. It’s right that the alpha premium applies. I personally love it when not only am I right but I got paid more for the privilege.

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Startups

Day 1255 and Venture Nurture

I sometimes wonder why venture capital hasn’t coded more feminine. The cynic in me say because it makes money and money accords status. Where there is status there are men competing for it. Which is a good thing in my book.

I just happen to find the kind of investing I do to be so feminine in character. I’d never really thought of my gender when I got into startups simply because I was a founder with a problem and technology solved it for me. I was a nerd about a few very specific things and the market agreed with me.

But now as the wider world has forced me reconsider gender and how my identity gets used by others in how I do business. And I do see that I approach my investing in traditionally feminine terms. I wasn’t that kind of founder. But I am that kind of investor. 

I nurture. I love finding a weirdo working on something in a weird corner of the internet. Nothing makes me happier than telegraphing out that I am weird and getting back other weirdos. I like to listen. I like to learn. I don’t mind unpolished or outlandish or even absolutely crazy. My best deals all started in DMs

Nerds aren’t a polished people. They may lack all kinds of social graces. They will often not care about anything but the thing they are obsessing over. And I happen to find this to be a good thing.

Not everyone agrees that we should work with their lack of graces. Ruxandra Teslo discussed how weird nerds are being pushed from institutions like academia.

Weird Nerds are being driven out of academia by the so-called Failed Corporatist phenotype”

Ruxandra Teslo

I am just absolutely here for the weird nerds. They are my tribe and I see it as part of my path to help bring more of them up behind me. To nurture is a feminine virtue. I am happy to bring it to my founders. They should all feel safe coming to me because they know that I am one of them and my goal is to see them thrive.

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Startups

Day 1246 and Slightly Disappointed

I am a bit tired so this could all be jet lag speaking but I’m feeling slightly disappointed. While I’ve found great inspiration in the work of my peers, I see the failures and venality too.

I am at Consensus and I’m unsure if I feel like we’ve got enough people building the future I want to see. I fear for the unraveling of the old powers and what the transition looks like. It seems like a lot of people will be voting for a convicted felon for commander in chief.

And yet there is hope. The conference coincides with the annual Coincenter dinner which is an industry wide non profit effort to work towards policy goals for decentralized computing like Bitcoin & Ethereum and the wider cryptocurrency.

Our mission is to defend the rights of individuals to build and use free and open cryptocurrency networks: the right to write and publish code – to read and to run it. The right to assemble into peer-to-peer networks. And the right to do all this privately.

Erik Vorhees delivered an incredible moving keynote address and I found myself with tears in my eyes as I considered the long history of fighting to become your own master. We separated church and state. We are fighting to separate money and state. I feel these philosophical lineages across my entire life.

And so I am slightly disappointed at this point. But I’ll try to sleep and it will pass.

Categories
Internet Culture Startups

Day 1239 and @ Consensus 2024 Next Week

I’ll be in Austin Texas next week for Consensus 2024. I’ve really enjoyed my last couple of years attending. The entire crypto industry gathers for it giving it a summer camp feel. Or as Coindesk says “10 years of decentralizing the future” which undersells their role in reporting the industry.

The conference coincided with the annual Coincenter dinner which is an industry wide non profit effort to work towards policy goals for decentralized computing like Bitcoin & Ethereum and the wider cryptocurrency.

Our mission is to defend the rights of individuals to build and use free and open cryptocurrency networks: the right to write and publish code – to read and to run it. The right to assemble into peer-to-peer networks. And the right to do all this privately.

In that vein, I’ll be discussing the intersection of artificial intelligence as the #FreedomToCompute at Consensus as this is THE issue for everyone who uses compute as a tool to solve problems.

It’s an opportunity to discuss the big public goals around the future of machine money and machine intelligence.

I’d argue this includes the entire software industry and by default anyone who is reading this post. Our most important rights will be decided by how we handle policy on these issues. Math is leverage.

One of the town halls I’ll be participating in at Consensus (a format I love to dig deep into topics) is about how artificial intelligence can be a tool for our efforts to decentralize and not end up as a master of big government or big tech.

Crypto has the basic problems facing artificial intelligence. Both spaces rely on open, available and trustless compute. Both are under intense scrutiny and face significant regulatory capture risks.

It’s never been a better time to get involved in these topics. We need open protocols and interoperability standards far more than we need fretting about safetyism and hysterics about science fiction.

Doom solves no problems but software does. We need safe harbors and policy sandboxes so we can continue to nurture algorithmic innovation for us all.