Something new soon @seedclub. Hopelessly addicted to golf.
Vancouver-ish
Joined November 2007
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"2 years to escape the permanent underclass"
Don't fall for the psyop anon. Invest in things that compound.
Read, listen, learn
Build deep relationships and trust.
Build competency and competitive advantage.
Buy bitcoin
“The first rule of compounding: Never interrupt it unnecessarily.”- Charlie Munger
Why the "Ownership Thesis" didn't quite work out.
@jessewldn wrote a post that defined his fund, and captured the ethos that many early crypto products built towards.
tldr: The next evolution of the internet is user ownership: giving the people who build, operate, and create value in networks a share of the economic upside, creating stronger incentives, alignment, and network effects.
variant.fund/articles/the-ow…
But that didn't quite work out the way most of us had hoped.
"It worked in a much more narrow way than I had hoped."
He expanded on why:
"Ownership is very good at incentivizing quantitative contributions. Hashrates (BTC), Liquidity (DeFi). Makes it easy to measure and distribute ownership in a meritocratic way. The problem with other marketplaces, they couldn't figure out how to measure and reward contribution"
I very much agree.
He leaves us with a reason to believe that may change in the future.
"Resource allocation in a decentralized setting is very messy because humans are in the way. I do wonder if, on a long timescale, ai has a role to play here"
The whole convo with @nickgrossman is worth a watch.
Everything is getting more autonomous. Except us.
When @jesseldn went out to raise his newest fund, he built the strategy around one word: autonomy.
But getting there was a long and circuitous route.
In 2016, @usv invested in Jesse’s company Mediachain. That’s given us the chance to work together for a decade, including his time at @a16zcrypto and now at @variantfund .
The through line is a belief that technology should give people more control over their lives.
In this week’s episode of The Slow Hunch, we trace that belief back to Jesse’s humble beginnings as an internet pirate and talk about what it will take for AI to fulfill that promise.
Jesse is consistently one of the most cogent thinkers I get the chance to speak with, and I think you’ll enjoy our chat.
0:00 Preview
01:15 Variant's new thesis
02:20 Automation ≠ Autonomy
06:50 How piracy shaped Jesse's worldview
09:00 How the internet went from open to closed
15:45 How BTC inspired Jesse’s startup MediaChain
21:00 Why breaking the rules drives innovation
24:00 The Variant founding story
29:30 Why crypto's ownership thesis didn’t fully play out
34:00 Could AI agents deliver on crypto’s original promise?
37:00 Will AI become another walled garden?
39:00 “You can just do things”
46:15 Will AI give us more agency or take it away?
Proposal:
ARR
Annual Recuring Revenue - The predictable, recurring revenue a company expects to receive from active subscriptions or contracts over a 12-month period
ARR*
Annualized Run Rate - a financial forecasting metric that projects a company's full-year performance by taking a short-term window of data and extrapolating it across a 12-month period
Jess 🌱 retweeted
More than any time in my career, VCs seem to be underwriting other investors’ interest rather than the company itself.
Jess 🌱 retweeted
I've been in the tech scene long enough to know that two opposite things can be true at once:
1. The rest of the world doesn't understand how quickly things are happening in tech.
2. The tech people don't understand how slowly things are happening in the rest of the world.
Apple has completely fumbled AI. And still might be best positioned to win it.
Here’s how:
- Fix Siri (please, for the love of god)
- Enable generative UI in iMessage
- Make AirPods the interface for your personal agent
- Continue making exceptional hardware
Intelligence is commoditizing. Distribution, trust, and hardware aren’t.
- siri needs to be more muse/instinct like.
- imessage should basically enable this
xitter.cf/rabi_guha/status/21107…
- Airpods need 2 action buttons, and a camera.
The news feed is one of the defining products of the consumer internet.
Generative AI is the next.
The intersection of the two is the biggest opportunity in consumer today.
these guys just move different.
Im confident no-one has done a "We're HIPPA compliant" announcement better.
(they make ai for healthcare, and other complex industries)
🚨INTRODUCING – @RUNNERAGENT IS HIPAA COMPLIANT, THE MUSIC VIDEO
Featuring @mediocrelychee, compliance officer / priest
🔊 Sound on plz
Was speaking with a friend who was trying to understand the strategy here.
And subsequently found out that some folks aren't familiar with the idea of "commoditize the compliment"
If that's you, here you go:
gwern.net/complement
Let Claude find you a job.
Hiring companies use ai you, should have those super powers too.
If you are looking for your next thing, these are the guys have built the always on thing that will help you find it.
Introducing the Dreamwork MCP 🤖
Your favorite agent can now get you your dream job.
It gives you access to 2M live roles, perfectly tailored resumes, and most importantly: automated submissions directly to the employer.
Paste this: npx -y @dreamworkhq/mcp
Bullish Cognition i guess.
.@Sonderling47: "I am hereby suspending from the Permanent Labor Certification Program some of the largest IT outsourcing firms in the world — Cognizant, Infosys, Tata, Wipro, HCL, and Capgemini — and also, due to multiple active federal investigations, @USDOL is suspending Microsoft and Adobe from the program."
Hermes is the next Sales Force.
sharing my thoughts on our recent fundraise.
we did alright for a couple of goofballs
nousresearch.com/a-note-on-o…
Run windows95 in a tweet.
You all saw minecraft on X but what about windows95?
Apparently you can just embed arbitrary content now, should probably get fixed
hello-world-web-retro.sterli…
Jess 🌱 retweeted
increasingly think the most interesting competitor(?) to a software company is a power user with strong opinions and AI...
rebuilding what they use every day. keeping what they love, stripping out everything they don’t.
this is coming for every category of software.
Spotifast 0.12 is out!
Spotify, fast, in 200MB of RAM, for all OSs.
It now consumes 0% CPU when idle.
spotifast.rocks/
Jess 🌱 retweeted
Dreaming is going mainstream 🫡
Honcho has been dreaming since last fall: while your agents are idle it merges duplicates, retires facts that changed, and reasons out the patterns no single session shows.
Open source, and one memory across Claude Code, Codex, Cursor, Hermes and more: go.honcho.dev/ueHAdhR
Introducing Dreaming: Across sessions, Devin builds a memory graph of how you like to work
At night Devin self-improves its memory to remove stale records and discover latent information
We are creating an OSS standard called Agent Memory Repo: cognition.com/agent-memory-r…
