Tag: Work

Categories
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.

Categories
Emotional Work Startups

Day 1310 and Zonked

I didn’t get enough sleep last night. Between one thing and another I got about five hours of sleep. Adult circadian rhythms being what they are I still woke at the usual time.

I had a busy morning and afternoon so I pushed through it. Unexpectedly a number of pieces of my investing work were happening all at once. So much for a slow August right?

I was able to get through everything on my calendar but I’m I was starring down a bunch of work even at midafternoon. And I found myself unable to keep my eyes open.

I was zonked. Slept from 2 till I was woken up for a bird dinner. I’ll admit I’m planing to sleep as soon as I can wrap up my evening routine.

I’ve got so much to get through over the weekend. I have two rounds I’m working on (if you like hardtech slide into my DMs), juggling a bunch of inbound, and I’m gearing up for the fall. So maybe I need a little extra sleep.

And to think just a few days ago I was completely despondent over fire season, the sadness of American politics and my own seasonal affective disorder with high summer. If things keep up at this pace it won’t be summer much longer.

Categories
Politics

Day 1308 and Policies For Any Political Party

I don’t know why I let myself do this but I got irritated by the American election cycle. I have been libertarian and skeptical of the government well basically always. It was probably only really left flavored during a an Adbusters, Battle of Seattle, my favorite band is Rage Against the Machine teenager phase.

What can I say millennials did not like the government because the global war on terror went as well as every other war on “ideas” we’ve ever fought. We lost the war on poverty and drugs too.

But I do try to retain a kind of pragmatic libertarianism that is a recognition that my preferred politics isn’t always going to be broad consensus and it’s sensible to work opposing viewpoints as we have shared interests in civilization and America.

I am hugely affected by my proximity to international founders who adopted America because of the opportunities we have here that are unmatched elsewhere. Our market capitalism has given truly exceptional talent from places that suffer varying degrees of oligarchic, authoritarian and socialist systems.

It’s with this in mind that I’d like to ask American politicians but in particular the Democrats to please consider policy that allows us to remain a place where the best and brightest can rise and thrive. It’s good for all of us

My five basic policy asks are as follows

1) Stop taking aggressive, over broad interpretations of both criminal and civil statutes in regard to crypto. The SEC is trying to kill a nascent industry instead of shape and grow it. There are other first world countries taking different approaches. Japan seems to have adopted healthier ways. I’d like Gensler gone personally as I struggle to see this as anything but petty Wall Street protectionism.

2) Focus antitrust efforts on the industries where consolidation is harming Americans in structural ways like PBMs and agribusiness.

3) Retract the Biden EO on artificial intelligence and take an approach to akin to how we settled the encryption wars in the 90s. We don’t want to strangle a new industry as it is emerging just for the benefit of a few large incumbents and the fears of a few radicalism’s.

4) Stop discussing the ludicrous unrealized capital gains tax. It’s unconstitutional & structurally devastating to novel businesses. Only the rich will be able to afford to own a piece of a startup which will further limit social mobility.

5) We have got to find a way for companies to exit and IPO that isn’t this middle stagnant path of Microsoft’s regulatory capture corporate investment playbook. Markets need liquidity to function and the public deserves the chance to be rewarded.

Categories
Media Politics

Day 1300 and Close The Loop

The last few weeks or so of history happening has felt agonizingly long. Almost inescapably so. I first wrote about the concept of the long now on Day 326 in 2021 after being inspired by Epsilon Theory.

The pandemic made it harder to believe in the future because the present became a holding pattern. Ben Hunt at Epsilon Theory calls this The Long Now.

The more we put off investing in a future the more the long now stretches on. We borrow against all the things that could build us a better tomorrow. And we fall back.

Being trapped in the long now never serves your own interests. Your priorities shouldn’t be tangled into the frozen fear of a worse tomorrow. Every day we have the chance to close the loop on something in our lives and bring the future we actually want a little closer to reality.

Having now written for thirteen hundred days in a row I have a sense of both my own progress but also a reminder of how long it takes to build something when the world is dragging at your attention at every turn.

Closing the loop in your life means not letting yourself be dragged from your priorities. Setting those priorities should be in your control no matter how much is happening. It doesn’t have to be bigger than your own life but you have more agency than you think.

Categories
Community Emotional Work

Day 1293 and Pollyanna

I’m a millennial who was mentored professionally by Generation X. Boomers rarely factored into my early work life. Even when I reported to the C suite and a board it was still mostly Gen X.

My Gen X mentors had a watercolor landscape of gentle layered cynicism that painted a picture I just didn’t quite see. I don’t have the temperament to see the worst in people and I still believe I could reshape institutions. I felt the biggest difference between myself and my mentors was that I was a bit of a Pollyanna. Many Millennials are earnestly optimistic.

That’s kind of a funny statement as I’m known amongst my social circle for my interest in what happens when things go wrong. I live in Montana in a small farmhouse with a solar grid. My husband who works in Bitcoin. I named my venture fund chaotic. My revealed prefences don’t scream “belief in the future” at first blush. I was taught that being prepared is how you end up with good outcomes.

Cynicism clashes with my belief that good outcomes are possible. Not only can we get wins but have to do so. There is no way out of our problems that is not through.

And I’d rather face that reality with a smile and a belief system in my fellow man. Better to endure regular disappointments than to never know the joy of things going well.

I want to approach the future as one that I can personally shape. Being allowed to contribute to a network that works collaboratively appeals to me because it’s fundamentally an optimistic vision. We can coordinate through all kinds of mechanisms for consensus.

Despite the cynicism of Gen X I am confident I wouldn’t have the dream of networked collaboration if their hackers and engineers hadn’t shown me we could build something better. Maybe that’s not cynicism but realism. And I hope that the realist camp contains lots of Pollyannas. Don’t stop believing and hold on to that feeling.

Categories
Aesthetics Culture

Day 1288 and Real Fake Girlbosses

All I wanted the first time I raised venture capital was to be able to make my business case. Once I’d done that I was sifted into into the wider cultural moment of girlbossism with everyone else in my cohort.

It quickly became the way to raise money because heaven forbid gender not be important. I was no Diane Green so I better get comfortable mugging for the cameras. I’d not so secretly hoped I’d be able to offload some of that lifestyle element to someone else. Someone more suitable.

At first I figured fine whatever it takes to get the money who cares embarrassing shit like becoming avatars for the zeitgeist doesn’t matter.

But now I think maybe it did. Every time a piece of social media goes viral with women messing around at the office I think what did we do? I’d envisioned that the difference between me in 2014 and the new younger, better, more ambitious versions of me 2024 to be, well, actually better?

Maybe they are. Media isn’t reality. But I had visions of women quietly running companies and venture funds competently and without concern for their gender. Surely in ten years more would have changed?

Instead we’ve got we’ve got the simulacra version of women like me filtered through Cosmopolitan features and glossy magazine spreads into TikTok dances for a company that makes pimple and acne treatments.

And it’s all grist for the mill. People want to blame feminism and gender studies. Pffft. Cute. It’s not gender studies or critical theory that got us here. For all the Baudrillard, Foucault and Judith Butler we all absorbed, the thing is just a representation of a reality that never existed.

Jean Baudrillard’s Simulacra and Simulation explores the concepts of simulacra, simulation, and hyperreality. Simulacra are copies or representations that become detached from their original reality, leading to a state where distinctions between reality and representation blur. Baudrillard identifies four stages of simulacra: the faithful copy, the perversion of reality, the absence of profound reality, and pure simulacrum, where the representation becomes reality itself

Perplexity’s Synopsis

If you want a crack in the timeline go decide what the Summer of 68 produced as a culture. Maybe they were just reactionaries. Maybe I’m just a reaction to them. These girls are a reaction to me.

If you want to be a cynic there is no shortage of commentary on how media showed us culture that didn’t serve us. Those Summer of 68 men turned into Yuppie midlife crisis dads who weren’t there for their children and wives. Feminism giving depressed stifled women a chance to not regret their choices. But the choices already exist.

Your cultural war mileage may vary. Now we have cowardly millenial man children and forever princess boss bitches and endless rounds of upset every time we see women in an office doing something silly.

You can rage at critical theory all you like but this just one elaborate morality play being accountable. And no one wants that. Real fake Girlbossism selling blemish cream.

Everyone deserves better than this. I deserved better than this. The horror of contortions required to simply pursue work means you must do what media and finance require of you to succeed. Go watch Margin Call and see if you think you’d fare better in making those choices.

Categories
Culture

Day 1287 and The Long Haul

Good things take time sounds like pablum.

Rome wasn’t built in a day”

Every time there is a boom cycle fools rush in. I don’t know why someone would expect that luck would be adequate to any large task. Luck is the default conditions to even get started.

Then you gotta get lucky a lot. Multiple times a year if you are aiming to lead any industry. And you have to keep doing it until one person who compounded so much effort and will that what looked like luck is simply habit and habit becomes process and process becomes results and results get sustained.

And yes decay sets in. And it gets harder. Every gain requires the energy that it requires. Leverage is often simply about being the one that makes it for the long haul. Maybe discretion is the better sort of valor but I’ve yet to meet a winner who was a coward.

Categories
Finance Startups

Day 1286 and Halfway There, Living 2024 On A Prayer

An estimated 50% of the global population is participating in elections across 60 countries. That includes as supra-national entities like the European Union holding major elections. Naturally this made anyone who has to do any type of planning anxious.  

Concerns about access to compute and adequate energy, overbearing and inconsistent regulatory regimes impacting exits, growth and liquidity events, and the post-ZIRP monetary policy driving up cost of capital have been in the foreground of startup communities.

I see this reflected in my H1 investments. Access to energy, access to compute, and decentralization of both compute & energy are directionally the major trends that I believe will matter over the next decade. 

CapEx concerns and hyperscaling may grip the Magnificent 7 and worry analysts at Goldman Sachs but I’d encourage students of economic history to look to Carlotta Perez and her theory of deployment in previous economic innovation cycles for a more nuanced take. I think simple reads of over-investment are for suckers. 

From where we stand, capital serves the founders who make things of real value. That takes time. Regular builders have simpler needs while they do it: the freedom to make what they want with readily accessible tools without interference. 

We originated #FreedomToCompute as a tagline that shows our values. Not only has it driven me deal flow, but the coalition of e/acc, crypto, and El Segundo hardware/deep tech autists even changed a political party’s platform.

I’ll admit that I was surprised by the Republican Party’s adoption of innovation in crypto, artificial intelligence, and space as a core policy plank. They must really be courting startups as a constituency but I’m happy to have as many as possible aligned with us.

Science and progress are values traditionally associated with liberalism’s left leaning parties, but it seems the axis of “the best is yet to come”  is a wide coalition. My heuristics have thusly been updated so we can remain up and to the right. 

Anna Gat’s Axis of Hope

Categories
Culture Politics

Day 1285 and Platform Changes

I don’t want to make this into a whole thing but the Republicans have posted the GOP party platform. The Silicon Diaspora is now such an important constituency we’ve got enough sway to move policy.

A network state of e/acc, crypto builders, Bitcoiners, El Segundo hardware startups, deep tech autists and white pilled Space dorks changed a political party’s platform.

And it wasn’t the one I expected. Scientific progress was something I’d come to associate with liberals. It would seem Democrats are not as certain about being technically progressive anymore. But the middle that builds is a constituency.

It’s such a small thing and I know politicians don’t have a track record of doing what they say. But the idea that a ragtag group of internet friends could get our issues given place of pride in a platform feels nice. A multimodal pro-social game yielded a positive sum.

We want more technology being built quickly by those with the agency to do so. We’ve got diseases to cure, climate change to adapt to, software to be coded, nuclear reactors to be spun up and a long path to space from there.

I hope the value of better medicine, better tools, and more ambition makes its way to everyone.

For now I think it’s cool that I can see where every line in this policy document came from. A very hodge podge group of internet weirdos in Discords, policy shops, Twitter communities, and group chats got politicians to agree with us. It feels kind of nice. I believe FreedomToCompute is a constitutional American right and we are proving our case

Categories
Emotional Work Media

Day 1279 and Not The Whole Story

I have recently been prioritizing correcting mistaken impressions of the world. As the rationalist set say, I like to update my heuristics.

It’s just not all that uncommon to believe wrong things and for the wrong reasons. We find out with alarming about retracted studies, updates to long held beliefs about culture or politics, or simply something galling about reality. And so sometimes we have to adjust our priors. We never have the whole story.

I recently found myself comparing myself to another person only to get quickly reminded of a set of circumstances that made our situations basically incomparable. I simply didn’t have the whole picture.

My mother loved a hippie bumper sticker about the folly of sincere youthful knowledge.

Quick ask your teenage for advice while they still know everything

The best part of middle age is discovering just how little you know. It can feel paralyzing at times. I’m sure you can imagine how “I don’t know the whole story” can be interpreted in many ways. I hope to be on the sunny side of learning.

Two men sit on a bus. On the dark side facing a dark mountain we see scared sad man with a “I don’t know the whole story” thought bubble. On the bright side of the bus with a wide vista a man thinks “I don’t know the whole story!”