Categories
Aesthetics Travel

Day 1388 and Take Good Care of Them

I’ve written a few times about my interest in the right to repair. It’s not just a topic for computers or electronics. Many items can bring you lifelong joy.

Being in New York City I brought in a pair of boots for repair to the cobbler to the fashionistas Leather Spa. My Gucci knee high kitten heel black boots deserves every bit of love and care I can bestow on them. I’ve been wearing them for fifteen plus years now.

These boots are so representative of how I think of my wardrobe. A friend and I were discussing lists and the autistic love for ranking and context. I had once maintained a cost-per-wear sheet with the aim of only investing in pieces that would last a lifetime.

The Gucci boots I took in for repairs were acquired when I had an employee discount. Simple and without any logo to be seen, they retailed for $900 back then. I got them for $450.

If you could find a comparable pair now it would be upwards of $2,200 and would likely have excessive hardware and ostentatious displays of logos and brand identity. Mine are simple and so I take good care of them.

To be seen through multiple decades by a boot is a reminder to prioritize the care and maintenance of what you already have. If you take good care of them they will take good care of you.

Categories
Emotional Work Travel

Day 1385 and Adrenaline

It’s lovely to have the occasional day where you are running on adrenaline. I myself am not a big fan of stress as I don’t see it as a “good” in and of itself so much as a tool to be used to accomplish certain ends.

To that end, I live a mostly quiet life. I love being far off the map in Montana precisely because a routine with its habits allows me to take certain kinds of risks (particularly as an investor) in the wider world. A calm life lets me find early stage investing to be exciting rather than anxiety inducing.

It’s no coincidence that while I called my fund chaotic I prioritized calm in my own life. Why go looking for trouble when your professional life is all about the edge?

But sometimes it’s nice to experience the visceral risks of life. I’m in New York City and running from event to event and meeting to meeting. It’s all smiles and adrenaline and enjoyment for me. I’ll go home to Montana soon enough to my calm life. A little bit of chaos is a treat.

Categories
Media Startups

Day 1381 and Radical Responsibility

I thought the discourse around “founder mode” had died down but Kim Scott the author of the best selling book Radical Candor decided to link the meme to what she considers a so-called rise of “neo-authoritarianism” in Silicon Valley culture in an op-ed in the New York Times. Naturally it’s about Trump too.

My read on her thesis is that she has decided to use a technique she disavows in her own work; the frame of the piece is manipulative insincerity. It’s an unclear criticism being used for political gain.

She works to convince the reader that actually the most libertarian and individualistic demographic, who regularly decries state power (especially its use of coercion to drive censorship, limit transactions and restrict compute), are in fact, actually vouching for totalitarianism.

Gift Link to New York Times “How Founder Mode Explains the Rise of Trump in Silicon Valley

Even the graphic hints at the supposed appreciation of neo-monarchy as a nod to nRX intellectual Curtis Yarvin.

I fear she firmly missed the point of founder mode for her insincere political framing. Despite her clear understanding of our values.

In that original recipe, venture capitalists invested in founders rebelling against established hierarchy and building great products. And when those rebels themselves became too hierarchical, venture capitalists turned to new founders aspiring to overtake the old order.

She is right about we prefer to work as an industry and how we see our efforts. “Many of Silicon Valley’s greatest products were originally intended to liberate, not to control people.”

And yet missed she missed that founder mode is about liberating our founding teams from the suffocation of professional management. It’s got nothing at all to do with justifying tyrannical founders.

Rather founder mode is about limiting the tyranny of managers who can stymie progress despite having little personal responsibility for the success of the firm. In another world, she might have written a sequel called Radical Responsibility about fixing this problem.

Larger firms have a pantheon of corporate departments to ensure smooth governance from legal, to HR, to corporate communications in order to comply with state expectations.

As regulations have ballooned so too have the specialties required by the middle managers. We must be in compliance. We must take everything and every view into account. We must do things by the book.

Founder mode isn’t about running ripshod over your people. It’s certainly not about Trumpian declarations of what must be done. She’s absolutely correct that “emotional dysregulation, bullying and bloviating are not leadership attributes

I find her criticism to be manipulative insincerity. She’s deliberately missed the point of the original Paul Graham essay, inserted her own political insinuations about how Silicon Valley is hiding their true preferences for authoritarians while herself advocating for a pass the buck culture. It’s not fit for Radical Candor and I’d expect better from someone of her stature.

Categories
Emotional Work

Day 1380 and Another Turn Around The Sun

Life has been on a wonderful trajectory for me over the last four years. The pandemic marked breaks in everyone’s lives and the chances we were afforded to shape our lives was a privilege in a disruptive and challenging time.

Others took similar leaps of faith into new ways of living. So as I celebrate my birthday today I feel such gratitude. I couldn’t ask for a better turn around the sun.

We had a life changing exit and a series of investments go our way, I made my way into inception & pre-seed investing with our pre-seed fund chaotic.capital, and we moved to Montana. It’s all amazing especially as it’s had its struggles with my health.

I am being offered a season of life where I feel like I can really contribute my skills in professional ways that could be impactful. Everything I’ve built towards and all of my interests and hobbies are tying together in amazing and exciting directions. A happy birthday to me for sure.

If you are in New York City I’ll be flying in this weekend for a week in the city. I’d love to meet founders, other investors, and startup folks in general. Also if any weird Dimes Square reactionaries want to meet up I offer parlay.

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
Emotional Work Politics

Day 1365 and Good News, Bad News

It seems to be an absolutely awful week on Planet Earth. War, natural disasters, and human venality are on full display. It’s hard to even read the news, political or otherwise.

In contrast, I am myself in a good news place. I have a few leftover health issues as I leave behind the bout of respiratory issues (Covid’s legacy) but am otherwise full steam ahead.

Because I am so busy I find myself offline and missing things. It’s all good news in my world. And then I come back online to check feeds and it’s just all bad news.

I feel the privilege of it but I am also proud to have this stability. We made choices so our lives could be this way. We value preparedness and the calm that comes from planning.

I wish more people could live this way. Focus shouldn’t be reserved for a select few who can make good big life choices. That can be luck of the draw.

I do believe however it’s possible for many more of us to narrow focus so we can let small good choices compound. It’s good to appreciate the value of limiting your attention to your own priorities.

There is an argument to be made that only once you have steadied your own life can you look outside. Given how crazy the outside world can be give yourself the chance to have good news in your life. There will always be bad news.

Categories
Chronicle Travel

Day 1364 and Full Speed Ahead

I am in a good vibes places right now. I am a bit tired from some whirlwind pacing but feeling very good about how a number of projects are playing out from an amusing purchase to more serious matters of fundraising and deal management.

I do feel the fatigue that comes with running at full speed. I have been hitting it hard in writing and at work this week and it’s only Tuesday (not that I am one for weekends).

It’s the end of my workday as I’m on European time and I still have a few miles to go before I can be done so I’ll keep the post short. If you want to see where my head is at check the links as I did some good work this week.

On a housekeeping note, I’ll be in New York the second week of October and in Miami the last week of October if anyone is either city would like to meet up. I’ll be prioritizing LPs for chaotic as we are raising along with founders and weirdos of all stripes. Just hit me up on DM on Twitter. Or email me but I’m more likely to respond to DM.

Categories
Aesthetics Politics

Day 1359 and Some Dirty Reading

It would appear I have pneumonia. Healthcare being what it is, doctors say there little point in doing clinical testing to find out if it’s bacterial, viral or fungal (unlikely given climate) as the treatment is basically the same. I did a round of antibiotics because why not. Nuke it from orbit.

I’m stuck in bed mostly, my voice comes in and out for the few calls I absolutely must take, and I’m bored and irritated as I would prefer to work though it as it’s exciting times. I’m sleeping like a champion as my Whoop records day after day of long nights of somewhat fractured sleeping are forced by cough medicine into submission.

Having had Covid at the end of May, I now fear being doomed to some degree of respiratory illness risk for the rest of my life though I rarely had so much as a cold in decades of living in a big dirty city. Global calamities leave uneven marks and I consider myself lucky.

The benefit of bed rest is the amount of reading one can get done. My favorite cultural publication Dirt did a Tech Canon overview to get must reads from the slightly more stylish emissaries of the Silicon Diaspora. No offense to Patrick Collison who initiated the discourse with his own list (which is quite good) but it’s good to think outside the empire’s core for the trendy extracurricular bits of the syllabus.

The Tech Syllabus via Dirt

As someone who self labels as a fashion bitch, I was pleased to contribute Neal Stephenson’s bitchy novella on abstraction and the graphical user interface called In The Beginning There Was The Command Line. It’s dated and old and free on GitHub so go read it.

There is quite a range on the list of core texts including a few books and essays that one could easily imagine being put onto banned reading lists. It’s nice that we have Heidegger Zoomers inside the pantheon now.

Schizophrenic philosophy posting is all the rage with the artificial intelligence kiddies. And to think I thought reading Deleuze and Guattari was a waste of time. Do your homework kids so you can discuss rhizomatic thought and large language models at your next conference. Perhaps you can dig into the war machine.

If I’m having a frail Victorian lady kind of week then there is nothing better than attending to the aesthetics of the moment and now you can too! Remember Alex Karp studied under Jürgen Habermas

Categories
Politics

Day 1358 and I Must Subsidize Demand

There is a beloved meme in communities like YIMBYism (a movement advocating for building more housing with the slogan “yes in my neighborhood”) in which the protagonist agonizes over subsidizing demand as the cyclical pattern of rising demand giving rise to rising cost carries on.

“I just need to subsidize demand”

America is a strange place where we espouse a lot of free market policies but we tend to favor subsidies as a solution. Which isn’t always a bad thing. Sometimes there are good reasons for providing support for things that aren’t as commercially viable immediately like pure science or education or other public goods.

It is however not the only policy tool available to people. A fun fact about how I have a good time, my participation in civic life was as an appointee on the New York City Community Boards. I was part of a group who approve licenses and permits for things like liquor and parades and the like. I also served on quality of life and transportation boards. I also did monthly meetings for land use.

I was easily the youngest person who volunteered time and I learned a lot about how damn many rules we have at every level from neighborhood to city and state on everything from ventilation and to environmental review. And some of those rules are pretty good things!

But it would be preposterous to say that all rules are good and that every part of the process of starting a business (large or small) is easy. Some problems you can’t through money at and fix. Or if you can it creates a whole unintended set of other problems. Like paying for lawyers and consultants.

Because Twitter is the land of any old idiot getting a say (just like a community board meeting) I’ve got every flavor of opposition and missing the point on this tweet.

We do a lot well in America. It’s relatively much easier to start an LLC and get a license to do business. Complying with everything from the liquor board to FinCEN will take a little more. Anyone who has run a business can tell you about their corner of the universe and the paperwork involved. Just ask my husband who spends most of his time as a businessman keeping up with paperwork.

I think it’s perfectly fine to be skeptical that throwing more money at a problem like how challenging it is as a business owner to contend with government bureaucracy. Demand subsidies can only fix so mich. It’s just a lot more complicated than that. Be smart and don’t let your head spin like our meme gentleman.

Categories
Medical

Day 1352 and a Dry Cough

I don’t know where I picked it up but the back to work and back to school season seems to also mean back to petty respiratory infection season. I’ve got a bad dry cough that is so intense I feel like I pulled a muscle in my left intercostal rib area.

I don’t feel terribly sick and all of my biometrics are within normal range. It’s just this horrible rough dry cough that seems to have tweaked my side so badly I’m contemplating wrapping my rib cage with a bandage.

I haven’t had a broken rib in sometime but this is as close to the feeling as I recall. I’d lost my voice a bit yesterday (been doing a bit more taking than usual as it’s fall) and pushing through it might have been a poor decision.

The other possibility is that the left intercostal pain is related to my inflammatory condition and it’s moved from its normal residence in my spine. I have very low pain in my spine at the moment so anything is possible.

I’ll lay low this weekend and hope it goes away on its own. Maybe the antitussive cough syrup will provide some relief.