Tag: Social Capital

Categories
Emotional Work Startups

Day 1398 and Overstimulated Nerds

Introverts don’t do well with social overstimulation. Any time I attend a gathering where the majority demographic is nerdy, weird, and autistic I find myself feeling the collective vibes of the overstimulated. And it’s not always good vibes for many of them.

I am doing everything I can to take care of myself, be kind to others and still be gently socializing. But it’s not easy.

I’m exhausted from the effort, even with my attempts to practice productive habits like nervous system exercises and getting adequate sleep. No amount of supplements can fend off a collective sense of fear.

I always notice what a rude demographic we introverts can be in these circumstances. Everyone is doing their best to be present and do delicate dances of parasociality where you know each other from the internet but do not wish to intrude or interrupt someone doing business.

In the cases where you are socializing with friends in real life and the rest of a group “knows of” but doesn’t know actually someone you find yourself surrounded by defensive social postures. Plus-ones with little contribute make it even worse.

And I’m not even going to touch the social dynamics of status. Insecurity seems to run rampant in all human groups, but nerds who have known social precariousness are the worst offenders in these situations.

Fear over one’s place within a group that has a wide variance in status can be intense. I don’t like seeing anyone feel left out. I like to be welcoming to everyone I encounter. Even when I’m an overstimulated introvert.

It’s especially important to me to be nice when it’s a group where the capital that provides status (social, literal) rises to celebrity or billionaire.

It can feel paralyzing to interact with anyone who has some degree of status if you don’t want to make someone uncomfortable. The awareness of social graces isn’t always enough.

It’s just as likely that someone will put on airs and over estimate their status as they are to offend the actually important guests.

I dislike watching people police their own social status but it’s even worse when someone polices the status of their friends. It creates cliques and ostracism in the best cases. Cutting off access can help when someone is just an overstimulated introvert but in practice makes the entire environment more fearful.

These social fears can really gum up the works when it’s nerds concerned over their own place within an event let alone in society.

I feel pity in the most awkward of cases but it’s really born of sadness. Cool is a bit like grace. We do little to deserve its bounty, grasping at it only shows our hubris and it doesn’t work in any case. I wonder if that’s a heretical opinion.

Categories
Community Culture

Day 1384 and Long Lunch

No offense to Stephen Sondheim’s Company, but I think ladies who lunch have been unfairly maligned culturally.

We are so quick to dismiss socializing as some superficial ritual. But social bonds are the way we maintain our civilization.

If you can make time to enjoy a long lunch with pleasant and diverting company, you possess a degree of richness that has little to do with personal wealth. It’s a richness of spirit.

Everything can acquire the social capital required to have a little lunch with friends. Being present and kind to one’s dining companions is a joy to be cherished.

Cherish those that would take time to share their company (and a meal) with you. Whether it’s a swanky restaurant, at someone’s home, or on at the office. Take a long lunch with someone who interests you.

The ladies who lunch understand the value of these social bonds to their community. Elaine Stritch would drink to that. And so should you and I.

Categories
Aesthetics

Day 1383 and Counter Elite

Culture is always responding to power. Power seeks cultural approval in order to cement its status as power. It’s more of a give and take than you’d assume though. Unwritten rules are meant to be broken.

“Knowing Too Much” about how institutions wield power has a tendency to spin out people who want to change the balance of power. Nothing is ever as static as it may seem and America is a fine place to be ambitious about claiming a little power.

Being in New York I hope to be seeing where the bits of tension around culture, cool, and capital should be producing frisson.

Seeking out aesthetic chills that grip your nervous system is an expensive pastime though. Youth and wealth satisfy psychogenic thrills in very different ways but everyone understands power. It’s quite a moment in America for seeing how elites and their counters square off.

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
Internet Culture Politics

Day 1368 and Lending Credibility

The dead internet theory (or conspiracy theory if you must) supposes that machine generated content outweighs human contributions.

I don’t think we are there just yet but I am betting that artificial intelligence speeds up the process of replacing human content in areas where it’s unnecessary. Machines can act on their own and it’s good thing potentially too.

Being able to determine what is human intelligence versus machine intelligence may well be mitigated through trust-less cryptographic systems we take for granted. Handshake protocols for humans and machines.

Some content and transactions are just fine coming from artificial intelligence but others have to demonstrate a human identity. This may even require compute on human’s behalf

Looking forward, the ability to access compute at scale will likely parallel the right to transact. Identity will be layered and lending credibility and capital will look different. Who has credit and credibility?

As nations navigate their own risks, network state behaviors on the individual level will become more prevalent, driven by the need for secure, decentralized transactions that ensure autonomy in an increasingly unpredictable world.

The internet isn’t dying. It’s being reborn to serve the next stage of credible actors on our world.

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
Startups Travel

Day 1342 and SKU Bloat ZIRP Era

I was doing some packaging preparation for fall travel and was pleased to discover that I’d finally appeared to have built out a basics wardrobe that actually mixed and matched well. A decent capsule wardrobe I bought I’d never achieve had come together after literally a decade of failed promises from startups.

There was an era of direct to consumer startups that promised quality and simplicity. A startup would launch with few basic but upscale stock keeping units (or SKUs) that promised they would be all you needed to own at a fair price point. This was alluring proposition for many early entrepreneurs including myself.

The premise was simple. Why would you want to add unnecessary complexity to tee-shirts, glasses, or toiletries when you could get something good without worrying if you were paying a markup for branding or retail margins?

The DTC boom has been largely looked at as failure as a movement for both consumers and businesses. With the benefit of hindsight, many of the businesses relied heavily on growth that couldn’t be achieved without either expanding your retail presence in stores or without giving up on providing simple basics.

As the zero percent interest rate era boomed, brands released constant new and novel SKUs to chase growth in every vertical from sneakers to lipstick. The goal of better prices and simpler products failed under the weight of driving growth at scale. Darlings became pariahs and founders sold to roll up private equity firms.

ZIRP ended as post pandemic era inflation demanded higher interest rates. We all complained bitterly about cost and quality of consumer goods in the aftermath.

And yet maybe we judged things too harshly. A chaotic decade of changing macroeconomic conditions were not easy to navigate. The growth required by venture and private equity were always going to conflict with a simple ethos of shopping.

But here I am with exactly what I wanted from my shopping choices at the start. I’ve got my quality basics merchandised in a simple way from brands I purchased from directly. In other news, the Everlane Barrel Pants are excellent.

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
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.

Categories
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.