I particularly enjoyed getting to see the practical efforts of crypto communities in the Balkans. The road to success is long and I like to walk the early paths and less popular trails in my searches for the weirdos who I believe make the best founders.
I’ll be heading to Los Angeles soon. I will be touring El Segundo where I’ll finally get see one of my portfolio founders in person. If you are in the area and working on something you think I can help with as an investor or advisor send me a DM on Twitter or drop me an email Julie at chaotic dot capital.
It’s come as a bit of surprise to me that I’ve done so much on the ground work in the last two years. Not so long ago I was basically bed ridden and stuck inside for the extended run of the Pandemic. Now I spend half my time on the road again.
You have to experience problems first hand if you are serious about investing in the people whose ideas can have a large enough impact at country, continental or global scale. It’s easy to be bamboozled at the edges so it’s best to be clear eyed about human nature and how technology can improve or harm a given incentive set.
It’s my hope that I’ll put in some face time in other interesting geographically interesting regional hubs. I’ve got Argentina on my agenda but I’ll likely make trips to the Middle East and Singapore as well. If you are in an interesting hub with a desire to pursue ambitious ideas let me know. Maybe I’ll swing by and we can meet.
The emerging network states of culture, affinity and intellect are far flung. The type of free market capitalism preferring decentralized resiliency minded crypto- libertarians are welcomed in as many corners as we are shunned. Either way you will find me on the ground looking for ways to make our incentives improve upon our human natures
I’m in the Balkans for a few weeks doing some scouting and visiting with friends and colleagues. The western Balkans including Albania, Croatia, Bosnia and Herzegovina, Bulgaria, Serbia and Montenegro are known for their occasionallycolorful participation in cryptocurrencies.
These negative experience with currency instability, government corruption and sociopolitical unrest has led to a desire to experiment with transparency and decentralization amongst the region’s youth.
In an editorial in Bitcoin Magazine the founder of the Belgrade Bitcoin Hub summed up the “why”
As a result of years of unfulfilled promises from regional politicians, people of the Balkans are hard to convince about the long-term benefits that can be realized by adopting Bitcoin in one’s life. A low time preference way of life to most people in this region is associated with disappointment and the lowered standards of living that have happened many times before.
The most gratifying part of early stage startup investing is the vitality. When you are in the mindset of optimism, all things are possible.
I first met Isaiah Taylor about a year ago. We found each other on Twitter. I cold DM’s him with “you seem interesting.” We’d hop on the phone and go through what he was working on in long strategy talks.
I think in our first conversation we spent half an hour just discussing origin stories. We’d both had strongly American west families and we were neighbors in the upper Rocky Mountains. We shared a Christian faith. I liked his style.
Those early rambling sessions when a founder is discovering their market and their unique talents is a precious time. I knew I wanted to invest in him long before Valar Atomics had come into focus.
Ambition and vision are honed over time as you broaden your horizons. It’s the most fascinating tension. The bigger you dream the more you must see your path clearly and pursue it relentlessly. Vitality begins with knowing where to apply your will.
I feel the optimism that Isiah has brought. And I admire how he has taken it to a bigger community. Watching the El Segundo community self-mythologize in real time during this weekend hackathon has been an exercise in collective application of will. Like its cousin in techno-optimism e/acc , the American dynamism “new vitalism” egregore values building for the future.
As a fan of practice and repetition (you need only look at my daily numeric total for evidence), this metaphor spoke to me.
I do feel as if I’m currently in the wastewater phase of a few things. It’s just lots of shit and unrelenting in quantity. I imagine this is relatable to a lot of people.
It’s my hope that the clean creative waters will flow more easily soon.
I was whisked into some immediate local concerns getting a home base set back up in a city. I speed ran the basics. I feel as if I’ll be coming back online shortly.
This morning, despite a slight cold, I enjoyed the six hour head start I had on the markers today.
After being extremely offline for a week and change, it felt fun to submerge myself in earning season discourse, inflation data, and other concerns of industry.
I’m excited for the problems in front of me, I like my placement on the board, and I trust I will play the hands when the time is right.
I find I can better focus in my very online life if I’ve taken time to be extremely offline to compile my thoughts. So I’m in a cabin in the woods.
I’m in a small space that requires a certain discipline to maintain. The very considered space has all amenities of life but I am a little removed from the hustle and bustle of a city.
I usually have the option to get help with food or chores even when I’m home in Montana. But in this off the grid retreat I am responsible for all the basics personally. That slows me down to be in the moment.
I’ve got to make each meal for myself, wash each dish by hand, and otherwise maintain my small living space with constant “pick it up and put it away” intention.
It quickly becomes cluttered and claustrophobic if I don’t. The small kitchen doesn’t allow the sprawl of multiple meals to pile up. There simply isn’t the space.
It’s my hope that by being present and effortful in these daily activities I also find that I can be present for myself. Hopefully the insights are worth it as I can’t say I care much for cooking or cleaning. But it sure is peaceful.
I’m sure to founders it can feel a bit self serving of investors to want to see a lot of traction before a commitment. That’s not what I’m talking about. I think as an investor, we have an obligation get to know a founder’s character and their approach to problem solving. Especially if you believe their opportunity to be enormous.
At the earliest stage our responsibility is to assess your capacity to overcome obstacles and to improve your skill sets to match. We need to know you will grow and flourish.
Nurturing a seed is the entire metaphor behind early stage investing. A seed round is such an optimistic name. If we must extend the metaphor that we are planting seeds then the work starts before anything goes in the ground. Good soil, good weather conditions, and the right timing matter a lot.
The anxiety inducing part of this is that my approach years I take time to cultivate potential founders for years. I never quite know when someone will go up for a fundraise. I have to wait and see.
But when it does happen. It’s such a miracle. No finer feeling in the world than having cultivated the right conditions for something to grow.
I am considering doing a pullback from social media for a few weeks. I must hone my instruments. Don’t worry, I’ll still write daily and you can message me on Twitter or send me an email.
I don’t like where my attention is being pulled and I need some time to reorient myself so I can more effectively pursue wider goals for the year.
Much of the current attention economy demands that you turn your focus to this or that crucial “thing” even as engagement with others has few agreed upon social boundaries.
Even the nature of replying has changed, as Mariah Kreutter writes, “The Reply is ambiguous. It can indicate any level of intimacy, any level of investment, any level of care.”
So much is being demanded of our focus with so little being given in return. And yet we have to make such critical decisions about our own lives and future. I must go within myself to look out for
I’m upset. I feel it in my body. Soma apparently means “body” in Latin, somatic is “of the body” so to have a response in your body is a somatic response. I’m having a somatic response.
I’ve been surprised at the emotional campaigns that have been waged against technology in the general, and artificial intelligence in the specific, as of late. But I am starting to feel the emotional weight of the collective fear and emotion in my own body. Futureshock is here and the fear mongers are here to tell you and I that we should be afraid.
The o-ed was written by David Evan Harris who is a chancellor’s public scholar at UC Berkeley. He used to work a Meta on ethical AI. Now this not the opinion of IEEE which is calls itself “the world’s largest technical professional organization dedicated to advancing technology for the benefit of humanity.”
You’d think that sort of mission would be a little more on board with new technologies. But maybe David is just an extreme voice. Op-Ed’s are meant to represent a variety of opinions after all.
But how should I feel about the benefits of technology when it’s presented to me like this? They used a skull to really get across the visceral fear. No friendly face to make a concession to our silly human anthropomorphic desires. Let’s scare the stupid hairless apes.
Don’t worry the government and regulations will save us from this psychedelic skull
I have an inherent skepticism when someone wants to sell me on the dangers of regular people having access to something new and potentially transformative. Why must we always default to the precautionary principle? Why is fear always our default?
I don’t want to let this sort of thing get to me. But I can see the narrative campaign being waged against artificial intelligence and the sheer volume and tenor of coverage leads me to believe that everyone is aware of its potential.
Claiming artificial intelligence is only for the knowledgeable few chosen by committee of expert sounds so sensible. But I think my body knows better. I should be upset by this.
