Tag: Startups

Categories
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.

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

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 1245 and AI: Tool Versus Master

A bad workman blames his tools

Idiom

As we rapidly accelerate the power of our computing tools, machine learning has blossomed into the most heated topic in government policy, business strategy, and popular culture, as artificial intelligence begins to affect everyday life.

The focus on harms, and in particular singularity doomerism, has (ironically) pulled focus from the implications of the seminal “attention is all you need” paper.

Astonishing as it may seem at times, intelligence does not top out at “median human”, but can, and possibly will, go much further.

What a triumph this represents. We will all have access to tools that will enable our entire species to build. More intelligence applied to more problems means more solutions to very real human problems.

I am in Austin Texas for Consensus 2024. I’ll be participating a town hall to discuss how crypto’s mindset of open-source, decentralized computation might help us grapple with who builds, maintains, & owns AI tools.

Policymakers and Silicon Valley executives are both calling for regulation of artificial intelligence as fears grow over its potential harms. But others warn of entrenching a dominant, opaque, centralized Big Tech model and instead advocate for open-source code, decentralized computation and distributed data sourcing. Whom should policymakers listen to? What, if anything, can governments do to help this vital technology evolve in a pro-human way?

Thankfully, we aren’t starting from scratch in building a regulatory framework for artificial intelligence. Code has been treated as speech in Bernstein v. United States Department of State. It would seem like a reasonable precedent to consider algorithms speech as well.

And let us be clear, math and computing power are as essential as speech. In today’s world, they ARE speech. Humans may speak in natural language, but the way we extend ourselves, build things, and grow as a species is through our tools. Computation is a tool. To presume that these tools do harm is to make us bad workmen.

Now of course incumbent powers may try to keep the disruptive and democratizing power of these tools out of the hands of the populace “for their own safety”, but imagine if the first amendment had been frozen in time at the printing press and didn’t protect the internet? We cannot accept permanently lowered standards of fundamental rights.

The 90s era fight for strong encryption enabled a flourishing of digital businesses from finance to e-commerce. We must insist that the freedom to innovate remains the default for U.S. digital policy.

Ultimately, I agree with R Street’s Adam Thierer. He says “fear based narratives that prompt calls for preemptive regulation of computational processes and treat AI innovations ‘as guilty until proven innocent’ are no way to make good policy.”

America does not have a Federal Computer Commission for computing or the internet but instead relies on the wide variety of laws, regulations, and agencies that existed long before digital technologies came along.

R Street Comments on NTIA

If we are to regulate sensibly, let us treat artificial intelligence as we would any other tool and let us do so within the existing framework of our constitutional rights and their interpretations within past precedents.

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.

United Polaris Lounge menu in Houston

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
Startups Travel

1241 and Catching My Breath

Next week I’ll be flying to Austin for what’s become an annual crypto pilgrimage to Consensus. I am excited as it’s like summer camp.

I’ll be participating in a few private sessions but I’ll be a speaker in public town hall forums as well. If you will be in Texas for the event (or are simply in the city) drop me a note on Twitter and perhaps we can overlap.

Given the intensity of the travel I have ahead of me I’m trying to take it easy today and tomorrow. I’ve been doing laundry and organizing myself.

I am not a hot weather person so I worry about events in hot climates in the summer. Heck, I worry about hot climates even in mild seasons. Last year I found myself struggling with Frankfurt in May so summer in Texas isn’t exactly my easy season.

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.

Categories
Startups

Day 1230 and Alignment is Consensus

Over the last decade I’ve gone deeper into a set of values that guide my relationship to what we should be building and for whom.

Consensus and alignment will be the twin sisters of our shared reality.

We achieve consensus through open networked & decentralized systems of governance and value. A trustless system reaches consensus we all agree upon through the mathematical verification of compute. Decentralized collaborative approaches are the path to alignment.

The further we get from truth as a set of shared experience we agree upon as humans, the more crucial a trustless future becomes.

AI and crypto offer us transparent solutions to agreement. Machine intelligence needs machine money and machine governance.

Humans beings are not truth seeking animals. We are social animals. We decide the boundaries of culture together. Rationality is an aspiration resting atop faulty sensors and emotional baggage.

But we can reach a consensus. Mathematics gives us the tools to differentiate between thing and not thing. We can encode quite a bit into binary.

We can seek to know things impartially. From there we share our experience with others. We measure and compare. Trial and error is collaborative. To be able to come to an agreement on a shared truth is the whole goal.

To be able to collaborate widely and through shared and mutually agreed upon standards remains the ambition of civilization. Coordination unlocks progress.

With artificial intelligence we can extend out the realm of what we know. Networking together all our emotionally faulty sensors, conflicting pieces of cultural & emotional knowledge together reveals bigger things.

If, from that networked reality, we are then able to scale the abstract business of solving specific and concrete problems all the better.

Building within reality requires us to agree on an acceptable consensus. We can verify positions and align incentives together. The alignment is all of us coming to a consensus on how we allocate our attention, willpower, and resources.

We reach for technological progress through alignment which is organized through the network consensus layers of governance and value.

The freedom to compute is essential to alignment. In a trustless world, we are able to reach consensus we can all verify.

Categories
Finance Politics

Day 1223 and Human Wants Are Endless

The curriculum of classical economics can be a bit of a blackpill if you are an optimist about the good in humanity.

Economists operate from a model that presumes human wants are infinite but our resources are not. Yes it is reductive, but if your goal is to model something on spreadsheet give got to start from where and somehow the economists picked non-satiation.

I’m using Perplexity more than Google Search these days so I’m delving (apologies to Paul Graham) into deep Reddit territory anytime I’ve got a random query.

Which incidentally is not paying off for Reddit just yet.

Reddit, which is trading about 40 per cent above its opening initial public offering price, is expected to report a net loss of about $610mn on $213mn in revenue.

Via Financial Times (which oddly I can’t share a link to for unclear reasons but here is a link to old reporting in Reuters and I’m writing this before earnings are released today.

Reddit’s artificial intelligence licensing deals have made them more useful to me than ever but it’s unclear how anyone gets paid for the mountain of work required to make it remain useful. Such is the tragedy of the internet commons. Anyways.

I’m feeling particularly sad about infinite wants as a framework for anything today. Ive been disappointed by just how much others view me as a source of want gratification even when I explicitly ask them to clarify their needs.

Much of the language of human wands must be couched in the language of need. Asking someone to be obligated to another person spirals quickly into a sticky web of moralists insisting on the value of their chosen wants. Id be more inclined to say yes to an ask if someone was clear about their needs upfront. Just in case you find yourself asking me for something.

Categories
Internet Culture Reading

Day 1176 and Vernor Vinge

If you’ve ever been on the receiving end of one of my information dumps, you know me to be a science fiction reader. It’s one of my true passions and most consistent hobbies.

I am very well read in the space through this love and it has proven to be an enormous advantage for a career in technology startups. It’s very rare to meet a builder that hasn’t in some way come to that love through imagining the future as it could be.

While I love classics from Asimov to Heinlein and I read everything from space opera to hard tech, my first true passion for genre fiction was cyperpunk. I saw a networked world of computation and I fell in love.

So it is with great sadness that I learned of the passing of one of the giants of science fiction, cyberspace progenitor, father of the tech singularity and mathematician Vernor Vinge.

Fellow author David Brin wrote a moving post about his friend’s monumental impact on the imaginations of optimists who believed we could build a better world with technology.

His 1981 novella “True Names” was perhaps the first story to present a plausible concept of cyberspace, which would later be central to cyberpunk stories by William Gibson, Neal Stephenson and others. Many innovators of modern industry cite “True Names” as their keystone technological inspiration.

 David Brin

It’s through the vision of authors like William Gibson and Neal Stephenson that I saw what computing could do to help us build.

Cyperpunk wrote many imaginative paths for artificial intelligence. Gibson’s Neuromancer and gave us early crypto culture. Neal Stephenson showed us a virtual world atop our current one in Snowcrash. The metaverse emerges.

I’ve lived my entire adult life online after an entirely analog childhood. I am straddling that small gap of in-between human. I helped build some small parts of the network of the internet. I am a citizen of the network state. I am all these things because of Vernor Vinge.

Humanity shines with tools and we had found in math a way to give an explanation of the workings the world. That our meager intelligences learned to compute and then to build computing machines astounds me.That we continue to build something more with those insights astounds me further. The acceleration of that started long before me.

At this moment in 2024 all anyone can talk about is if those computing creations might exceed us. Of course that question is fundamentally existential. A Copernican revolution recentering our known world again.

Networking our computation has taken us so far and so fast. It reflects the best and worst of us. Vernor explored “what if“ futures that went far behind our contained cyberspace. We wouldn’t have modern singularity thought about what could happen if artificial intelligence really will emerge amongst us without Vinge’s work. The Zones of Thought series is a mind bender.

I myself have a different favorite. Set in 2025 but written in 2007, I didn’t expect Rainbows End to hew at all close to my reality. And yet. The earliest introduction I recall of crypto’s decentralized autonomous organizations are from this novel.

Vernor is as close as nerds have to a prophet. Here we are seeing the power of artificial intelligence dominate our human great power debates from culture to business to government. Everyone who makes things has an opportunity here to own building this.

I know that in whatever moment we are about greet (singularity or not) that I remember that we humans build technology from the imagination of Vernor Vinge.

No matter how alien the future may seem, we humans have build it first. Don’t you want to be a part of that?

The cover of Vernor Vinge Rainbow’s End