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Startups Travel

Day 1024 and Rate of Change

I had to slow down for two weeks to balance out my work, my circumstances, world events and my emotions. I always find myself disappointed at slowing down. There is a certain mood taking a hold in my circles. A certain “extropian enthusiasm” has taken root.

And I find myself looking to go faster. I see the need for momentum. I struggle to stumble at the pace I keep now. My heart variability chart, which shows a kind of adaptability stress, is jerky with dips and rises. But I am also certain I’m managing better.

Have you ever felt like it was easier to lean into more? That sometimes things feel smoother when they are faster. Control remains an illusion so why not let it go.

I am thinking of going to Amsterdam for the Network State conference at the end of the month. The flight from Tallinn isn’t too bad and I’m a believer in the need to build systems. I owe much to supranational connections of shared values. And I’d like to us to pursue financial and contractual systems that connect us globally. The state should not be a limiting factor for progress.

And so I am thinking of my own rate of change. What can I sustain in my own daily life and circumstances and how does it stack against the increased rate of change of a future that is arriving fast? I like to think I’ll meet the moment but I’m certain I’ll be humbled by its arrival.

Categories
Aesthetics Culture Politics

Day 1023 and Automatic Doors

A friend of mine grew up in communist dictatorship. I have learned a lot listening to their stories about what it was like to come of age in a centrally planned economy only to have the country collapse into war and corruption.

They recently shared an insight that floored me. As I mentioned recently, I’ve been rewatching a science fiction show “Man in the High Castle” based on a Philip K. Dick novel about an alternate history in which the Nazis won WW2 and split control of America with the Japanese. My friend decided to watch the show based on my recommendation.

In discussing the show, my friend was most interested in the socioeconomic differences between the technologically superior Reich and the Japanese Empire. It is 1962 the alternative history for context.

Did you notice that in Japanese territory the doors are always opened by people but in the Reich they have automatic doors?

There are no doormen in richer Reich. I had not noticed this detail. They thought it was telling that the Japanese had so many of their people working as unskilled labor. Meanwhile those jobs had been entirely eliminated by automation because of the technological development of the Reich.

Their theory is that this one detail symbolizes precisely why the Nazis had developed the atomic bomb but the Japanese had not in this alternative history.

Perhaps if the soldier had his time freed up by having his technically unnecessary doorman job eliminated by automation their history would have turned out differently. Perhaps the doorman would have found work in a physics lab instead of doing make-work for bureaucrats. If the Japanese had invested more into their technology in this universe perhaps they would have nuclear power too.

They pointed out to me that in America we’ve had automatic doors for decades while in their communist country this very simple technology only arrived when the regime fell.

Being a doorman was a good job after all. The kind of job you can put almost anyone into with little training. Putting people out of work isn’t politically popular for a reason. Automation has a cost. The doormen must find new work.

My friend’s observation was simple. It was potent symbolism. A government can choose what advances are made and what technology is changed or throttled for the greater good. Whether it’s a luxury like automatic doors we shrug it off. The doorman has a job so that’s got to be good right? When the progress being stymied is nuclear energy or artificial intelligence it’s a little more complicated.

Categories
Culture Politics

Day 1019 and Crossing Borders

There is quote from an 18th century French liberal economist that has always struck me.

When goods don’t cross borders soldiers will

Frederic Bastiat

I’m feeling a bit better so I went for a walk around Tallinn’s public ferry port terminals. I love port cities and the public infrastructure of ports. Trade has always fascinated me. Where culture and its exports goods mingle, you see the most malleable parts of culture. Bonderlands and border towns occupy unique cultural space. Ports represent that that in more organic ways as ships come from everywhere..

One of the more amusing features of the public transportation system of ferries in the Nordics is that there is a cross country service from multiple countries. With rides being in the two to thing hour range you see cottage industries emerge in different policy choices.

Estonia has substantially better alcohol prices than Finland. As it turns out there is a good reason for the price discrepancy. There is a state owned alcohol monopoly in Finland called Akko. Naturally it’s better to buy a good in a competitive market like Estonia.

Outside the ferry there are multiple large liquor retailers. I went inside and was impressed by the wide variety. While there was endless options for beer and spirits, it was really the selection of wine that impressed me.

Finns will take the hour and a half ferry from Helsinki to Tallinn and go straight to the liquor stores and then back on a return ferry. I saw multiple tour buses from Finland in the parking lot.

You can’t trick a broader market forever with a state monopoly. If a market exists the customers will find it. Make something inconvenient and it’s just a fun beer run with friends. But eventually it does get old. Direct to consumer is shaking up old Finish alcohol monopoly.

Most trade disputes aren’t this simple and this easy for people to get around. Borders that can’t be crossed lead to real disputes.

Categories
Emotional Work Preparedness

Day 1017 and Crisis Chores

No matter how trying the week may have been, a day of rest is a day for chores. Fighting entropy is the fight to remain among the living. I feel more than a little bit behind on my goals and obligations. Doing chores is the way I exert my own will over a crisis.

I hope that anyone wondering why I’ve not been up to date on correspondence over the last week can glance at the last few days of posts and extend me grace. I’m not sure if I have done anyone wrong but be slow but I notice my own tardiness.

The benefit of public diaries and social media is that it provides a kind of open “what is happening” context for everyone to see why their emails and messages are not being returned.

I was able to do some amount of personal chores around the Airbnb. Then I was hit with another round of migraines and had to lay down. I am not out of the woods yet it would seem. Maybe tomorrow.

Categories
Emotional Work Politics

Day 1015 and Selfish

I think we are entering a selfish age. High trust societies are built from cooperation. When we get more through coordination than we do from conflict we have an incentive build more. Simple supply and demand can teach us a lot about improving the bargain of trusting each other.

Coordination suffers when trust goes down. But we can’t all maintain the same types of trust across all levels of our interactions. Some areas must remain high trust. Tight industries and clear lines of communication can help.

But we have to become intense skeptics to coordinate in otherwise hostile environments. Civilization has a thin veneer. To selfishly live your own life for your own good is often in conflict with others. The boundaries we tolerate are the rules for acceptable competition. This is how we civilize society. There are laws and then there is power.

Maintaining your own power in a crueler world is knowing when to be selfish to the benefit of other people’s coordination problems. Competition is good.

I am more careful in some interactions now because I see the fog of competing interests. Different rules apply to different people. Knowing when rules do and don’t apply can make you crazy. You’ve judged power and norms correctly when sympathy is with you.

Categories
Biohacking Finance

Day 1009 and Non-Reactivity

I’ve been working on my Q3 investor update all day. I am a little behind my own artificial deadline for it as I believe it’s good to get it out in the first week of the new quarter. I am chasing down a bigger theme in my market insights section that is being refined as I rework my own narrative understanding in real time.

I feel that there is a collective disagreement on consensus reality. We’ve got multiple worldviews that are being hotly contested. Epistemic status humble as the kids say. And so I am doing what I can to get outside the presumed worldview of my own geography and nation and see if a more global perspective is helpful.

But being able to see any of these different vantage points and narratives will require me to be accepting of other competing or adjacent narratives. The presumption is that I can control my own reactions. My body has to be open. So I am here with my Apollo Neuro band sending sound waves to my body while I listen to Endel’s chill program on my noise canceling headphones. I plan to do a Non-Sleep Deep Rest mediation after I’m finished.

I can only give my best performance when I’m sure my body is in a non-reactive place. Parasympathetic is sometimes called “rest and digest” versus its more active sympathetic nervous system partner “fight or flight.” We must assess our world and the many competing perceptions from a place of non-reactivity. It is the only way through the fog of the moment. Never let the stress of the moment distract you.

Categories
Startups

Day 1006 and Startup Towns

I was born in the startup Fertile Crescent of Silicon Valley. But I grew up outside of one of the many ecosystem towns. Boulder Colorado always took pride in not only its technical roots in aerospace and defense, but in its new software startups as well.

I admire people that build out a startup ecosystem. Understanding that a certain environment of agency breeds good outcomes. Maybe it’s a kind of boom town mentality in the good years. But in any year it’s good to be on the team that believes in the future. It feels as if people are pulling in the same direction.

I get the sense that Tallinn as a city and Estonia in general as a country believe in a better future. I can’t tell you how much I enjoy seeing a city with a lot of construction. Offices also appear to be full but there is also housing in the city core. Everyone seems to have kids. I’ve never seen more first graders in a city.

The gentleman I met today said that in the future every country will be competing for every global citizen. I think that insight is at the heart of believing in a better future. You have to believe that if you are talented that countries will rightly compete to have you as its citizen. The frontier of the future will be found in finding the optimistic folks who believe that their efforts will make their chosen place better.

Categories
Travel

Day 1002 and Airport Lounges

I’m on my way to the Baltics and Nordic countries for the next few weeks. I’m doing a tour to see what Tallinn and Helsinki have to offer as two of the more interesting and established startup hubs in Europe. If you are based in Northern Europe hit me up!

I’ve come to accept lounger trips and more time on the road as the new “work from home” has become “work from your point of maximum leverage.” I do find that even with the glamor of being on the road, there is something about flying that makes me feel as if my body and soul have briefly stretched their bonds.

Damien’s theory of jet lag is correct: that her mortal soul is leagues behind her, being reeled in on some ghostly umbilical down the vanished wake of the plane that brought her here, hundreds of thousands of feet above the Atlantic. Souls can’t move that quickly, and are left behind, and must be awaited, upon arrival, like lost luggage.

William Gibson – Pattern Recognition

It’s 8am in Zurich and my soul doesn’t feel as if it’s caught up with my body. I’m in an airport lounge drinking my third espresso. Both my Whoop and my Apple Watch are sure I only got three hours of sleep.

I had a regional flight that got me to Chicago from Bozeman first thing Thursday morning. The Polaris lounge was quite good at O’Hare if you were wondering. I had some very decent seafood linguini.

Leaving behind Montana

But my Chicago to Zurich flight was that odd 8 hour “overnight” that goes from 2pm Central to midnight. That translates into 6am landing in Switzerland local. The only way you get any sleep is by forcing the issue with pharmaceuticals.

I guess Ambien and Melatonin can only do so much against a regular circadian rhythm. I’ve had three espressos in the lounge here and I’m really debating an another. I was greeted with a magnificent full moon over the river in Zurich. My phone didn’t do it justice.

A full moon over the water as the lights of the metropolis shine on before sunrise in Zurich

My final legal of the journey doesn’t begin until 10am. So I just just need stay alert enough to make the final flight, keep an eye on my bags, and drag myself to my Airbnb in Tallinn. Adjusting from there will take the time they it taken

Categories
Finance Internet Culture

Day 1001 and Circumstances Change, People Do Not

“The last sustainable edge in markets is arbitraging human nature.”

I had the good fortune to spend an hour and a half with an iconic Wall Street investor last week. I was invited to be a guest on Jim O’Shaughessy’s podcast Infinite Loops. I felt like the luckiest woman in the world.

I’m blessed to have Jim as one of my “Twitter mutuals” where I’ve come to appreciate his endless curiosity, deep empathy and kind friendship for the players of the “infinite game” of life. Plus he’s got the strongest gif game in the business. You should follow him if you don’t already.

I’ve been privileged to work with Jim and the OSV team as one of my LPs in chaotic.capital. Being entrusted with capital from some of finest minds in investing has been as intimidating as it is inspiring.

My fund is an early stage pre-seed venture fund that backs weirdos. Our thesis is simple. The world is increasingly complex, chaotic if you will, and only the most agile will win. We look for those that have the agency to adapt to the one true constant; change. Circumstances changed by the moment but humans remain reassuringly the same.

Obviously it’s hard to imagine a better LP than OSV for chaotic.capital. We are deeply aligned in our thinking on agency, agility, and adaptability. As much as I’d love to prattle on here, I’d recommend you check out the very wide ranging conversations between Jim and I. We cover a lot of ground practically and philosophically. I hope you enjoy it.

Categories
Chronicle

Day 995 and Finally Fall

Maybe it’s the sheer busyness of day to day life but I didn’t notice it becoming fall. I felt as if I was in the clutches of summer forever. But then the first day past after the autumnal equinox we turned on the heat.

I woke up to the comforting sounds husband building a fire in our wood stove. What a relief to have a chill in the air. You’d think in Montana we’d have scant need for air conditioning but we easily had two straight months of running it daily this summer.

We installed mini-splits this year because we got caught in a heatwave last summer without so much as a window unit. It was brutal. Air conditioning just isn’t a standard feature in Montana because it didn’t have to be. But it sure seems like going forward it will be. Invest in HVAC companies if you are looking for a growth sector.

I’m happy for the reprieve. I don’t intend to be anywhere hot anytime in the near future. My travel for the remainder of the fall will involve colder climates. The seasons will favor me till April. That old aphorism “make hay while the sun shines” doesn’t apply well to me. I’m more of a “do business when it’s dark and cold” type.