
Managing Partner @StatelessVC | Past: Co-founded @Hedgyinc (acq. by @sendwyre) | Investor 100+ startups | techno-optimist (t,t)
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Joined March 2012
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I think the frontier labs start keeping their top models internal (Already are)
And start releasing breakthrough technologies instead of model upgrades
Keeping the giga models to themselves
Business model changes from selling $20/months subscriptions to doing wet labs and other tech labs in house
Let’s see
Open-source models are already taking the easier tasks. The bull case for frontier labs rests on one question.
"A lot of software engineering, white-collar work in general, does not need Fable 5.1 or Astra 6 level intelligence."
"A lot of businesses, especially lower gross margin businesses, are very rationally making the decision to start offloading some of the easier tasks to these increasingly capable open-source models."
"So whether the frontier labs are a durable business model really comes down to your belief on whether the TAM of new things you can do with increasingly smarter frontier intelligence will outgrow the portion of tasks being offloaded to these cheaper models."
"If you were to magically spawn 100 million superintelligent PhDs who are experts in every field and don't need to eat or sleep, do you think the economy would be able to absorb that relatively quickly and still get high ROI?"
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God bless the USA. Happy Fourth of July 🇺🇸
To the Americans:
I've travelled all over the world. I've familiarized myself with many places, and met many people. And I'm a Canadian, although I’m privileged to reside once again in the States.
And here's something I've noticed, and it’s a key element of America's continuing greatness:
You bloody Americans value success, and you believe in its existence.
This is something that doesn't really happen anywhere else in the world. Even in other free democracies—the United Kingdom; Finland, Sweden, and Norway; Australia, New Zealand and Canada; Germany, France, and the Netherlands (great countries all)—a counterproductive cynicism too often reigns.
Success is equated with exploitation.
Ambition is looked upon with contempt.
This happens sometimes in the United States too—particularly among the miserable progressives, who confuse their resentment, ingratitude and unearned skepticism with wisdom.
But in your great country, by and large, striving is admired and success celebrated.
This means that more people strive and succeed in the US than anywhere else. And it's increasingly obvious. You remain stunningly more innovative and productive than any people anywhere else on the planet.
And so I say, as all should who are fortunate enough to live in the western world, let alone America:
Thank God for the United States.
Thank God for the wisdom of its founders.
Thank God for its faith in the free market and in the natural rights of man.
Happy birthday, you damn Yankees and Southerners.
Long may your admirable country dominate the world.
Long may your freedom and hope provide an example to those suffering everywhere at the hands of their malevolent states.
May your two and a half centuries of unparallelled success be just the beginning.
Your country is the light of the world, and the city on the hill.
Thank God for the USA.
Happy 250th.
Dr. Jordan B. Peterson
Ai labs may very well become the new biotechs
Ai eats biotech next
🤯 Midjourney -- yes, the AI image company -- just shipped a brand new type of imaging machine. 🤯
- 100x faster than an MRI.
- 10x cheaper.
Full body scanned in 60 seconds instead of an hour in a tube. Ultrasound based, MRI-level resolution.
And it's real -- not a concept, a working machine. You step into a shallow pool of warm water, a ring of half a million sensors sends sound through your body from every angle, and ~60 seconds later you have a 3D map of your insides down to a fraction of a millimeter. No radiation, no tube, no lying still.
They're not even building it as a hospital machine -- they're building a spa. The scan is a side-effect of a place you'd want to hang out anyway.
Lastly, it is built by 9 people. NINE PEOPLE.
You can just do things.
Inevitably everyone will use AI target prices just like mutual funds use Investment Banking price targets
robinhood.com/us/en/support/…
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More of these stories coming
NEW: The AI Filmmaker Outrunning Hollywood
You may not know his name, but you’ve seen his work. LEGO helicopters rescuing an American fighter pilot in Iran; Marco Rubio adding frontier AI company CEO to his list of jobs; the ghost of Shinzo Abe saving Trump from ass*ssination...
Meet filmmaker Charlie Curran (@charliebcurran) — the man who is singlehandedly outrunning Hollywood, entertaining millions with his AI-generated content and even building his own studio, all while the rest of the film industry panics over the technology.
Unlike the “slop artists” Hollywood envisions taking their jobs, Charlie is devoted to the craft. He’s made movies for 20 years. Now, AI is just helping him scale his taste.
“[AI] is how you get an artistic revolution,” he says. “Young voices making new kinds of stories that weren’t financially viable in the studio system.”
Full profile from @eventidia 👇
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Any markets for trading compute futures?
What is the clearest expression of the thesis long inference demand
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Eventually the only essential human skill left will be critical thinking and creativity.
I don’t hold this view per se, but output has always been valued > effort
The tools to get to the outputs have just changed
Book keeping: paper spreadsheets to computers/ quickbooks - same output
Perhaps schools will transition to teaching more critical thinking and creativity
When I was running technical interviews at Messari I told people to cheat: Google it, Go read the docs, Ask ChatGPT, ping a friend who knows the answer -- just screen share so I can see your thought process.
The only thing I cared about was your ability to get a problem solved:
Nobody ever took me up on the offer of literally pinging a friend lol, but I always thought that would've been sick. there's plenty of times in college and work i've relied on others to give me answers. That's not a bad thing, it says something meaningful about your social IQ and your ability to build a network of talented friends that can help you.
Most of startup life is really just solving one problem after another. I want to hire people who'll take all the help they can get whether it be ChatGPT or other. As a leader ask yourself "do i really care how this problem gets solved, or just that it gets solved?". Build a team of problem solvers.
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Interesting as This was the same with BTC circa 2013-15
I have on good authority (my own) that the vast majority of top silicon valley VC firms hold $TAO .... and have for sometime. But they are too conservative to share that publicly.. which will change over time. Slowly, then all at once.
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Everybody saying AI has given rise to the vibe coder
While missing the fact that 10x engineers are becoming 100x engineers.
Productivity scales massively as tools get better
Founders, employees and engineers armed with with AI have never been more effective than they are now
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One reason is these convertible notes let bond funds get exposure to bitcoin without buying IBIT or bitcoin directly as their mandates only allow them to buy fixed income products.
I don't think people understand how batsh*t insane these $MSTR convertible offerings are.
*Saylor The Impaler* sold $3bn of unsecured convertible senior notes with NO COUPON at a 55% conversion premium.... WHO IS BUYING THIS?
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The crypto trenches have never been as good as they are now in my 12 years in crypto. So much opportunity out there
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Bittensor for AI Agents, who's building this?
Ex: Every subnet is a new agent and market speculates on each agent using the mechanics of dynamic TAO. (Competing for their % of token emissions)
Alternatively, this could be its own subnet on #Bittensor
Pioneering new models of education and community. Props to @balajis for making it happen !
THE NETWORK SCHOOL
We got an island.
That’s right. Through the power of Bitcoin, we now have a beautiful island near Singapore where we’re building the Network School. We’re starting with a 90-day popup that runs from Sep 23 to Dec 23, right after the Network State Conference. Rent is only $1000/month with roommates or $2000/month solo. And we have plenty of day passes for visitors.
So, go apply online at ns dot com! Then read more below.
THE DARK TALENT
As motivation, I’ve always wanted to expand equality of opportunity around the world. Because my father was born in a desperately poor country, but with the right opportunity he was able to make something of himself. Like dark matter, he was dark talent. And for more than a decade I’ve been thinking about how to give others who are similarly situated the chance to make something of themselves. That is: I’ve been thinking about how to empower the dark talent of the world.
US universities used to fill this role, even imperfectly, and I loved Stanford when I taught there years ago. But the data shows they’ve declined in recent days. And they’re just not affordable or accessible to most of the world. So, it’s time for a new approach. And thanks to Saraswati and Satoshi, I have the resources to endow a new Internet-first institution: the Network School.
The purpose of the Network School is to articulate a vision of peace, trade, internationalism, and technology…even as the rest of the world talks about war, trade war, nationalism, and statism. To revitalize democracy for the internet era, with digital polities and verifiable votes. To train the next generation to be not just leaders of companies, but inspirations for their communities. And to pursue truth, health, and wealth by leveling up our attendees personally, physically, and professionally.
Let me now describe in more detail how the Network School works, who it’s for, and how to apply.
HOW THE NETWORK SCHOOL WORKS
The Network School is for people of all ages, not just the youth. And it’s meant to be lifelong rather than one-off, with both a structured and and an unstructured component. The structured part is about continuous daily self-improvement: learning skills, burning calories, and earning currency. Meanwhile, the unstructured part is about having fun and hanging out with people of similar values.
For short: learn, burn, earn, and fun.
Learn
The first part of the Network School is about learning technologies and humanities.
As motivation, the existing model of US undergraduate education is broken. You pay $100k+ for a four year degree, and then budget nothing for maintenance over the course of your life. It’s like paying $100k+ for a new car and budgeting nothing for maintenance.
By contrast, the Network School is about continuous education. It’s for remote workers, engineers, creators and digital nomads who want to integrate learning into their lives, rather than stopping everything to be a full-time student.
Here’s how that works. We set up mini-classrooms where you can drop in to see the problem of the day.5 You solve that problem and a proctor awards you a cryptocredential, a free non-transferable NFT sent to your crypto wallet that establishes “proof-of-learn.” Often your solution will involve putting code on GitHub/Replit (to show you understand a concept), or posting content to your social media profile (to show you understand a new AI tool). And over time, these cryptocredentials actually build up a cryptoresume proving what you know.
Our initial material focuses on founding tech communities, as distinct from tech companies. As such it touches on everything from crypto, AI, and social media to history, politics, and filmmaking. It should be useful even if you’re just growing a traditional company or building a following. Over time, of course, every branch of the sciences and humanities becomes relevant when building a community. So if this initial experiment works, we can expand branch-by-branch to build a new kind of university.
But we’re intentionally starting with something simple. Our learning is about continuous education, about solving the problem-of-the-day.
Burn
The second part of the Network School is about burning calories.
Longevity is important, but 20th century communities just aren’t physically set up to maximize physical fitness. Quite the contrary: the default mode of Western society is sedentary and sugary. Those who want to escape this need to roll their own nutrition and workout program, which takes time, money, and energy.
We’re changing that. I’ve teamed up with my friend @bryan_johnson to set up Blueprint-inspired food and fitness for the entire Network School community. Bryan will be on campus to set up the program, and then his designates will maintain it on a daily basis. Like many of you, I’ve been both fit and fat at various times, so this is a product I want to use myself.
Every member of the Network School gets a daily workout slot with a semi-personal trainer, much like a group fitness class. You run and lift in the morning at your chosen time, getting a proof-of-workout from your trainer. Your group holds you accountable for showing up. Then you get a box with your Blueprint-optimized healthy meals and head to work. The whole point is to provide willpower-as-a-service, where the community6 provides the discipline.
We’re starting with the basics of running, lifting, eating, and sleeping properly. The initial goal is to hit the limits of your genetics. But if all goes well, the biotech founders that come to the Network School will eventually help us all surpass our genetic limits, to live much longer than we otherwise would.
But again, we’re starting small! And so the “burning calories” part is about lifelong health and the workout-of-the-day.
Earn
The third part of the Network School is about earning currency.
We’ll have crypto prizes of the day for open source projects, AI content creation, and microtasks. There will be $1000 bounties every day for the duration of the program, similar to the various prizes I’ve posted on Twitter and Farcaster. And community members will post their own prizes.
Next, in keeping with the overall theme of self-improvement, we’ll have office hours to help with your job, your career, your visa status, and your funding. We’re much more invested in you than a typical college career center because our interests are aligned: the more you earn, and the stronger you are financially, the more you’ll eventually have to reinvest in the community.
Finally, we’ll have visitor hours with famous visiting technologists. As my friend Sriram noticed, when investors come through Singapore I typically do a podcast with them. Many will also visit the Network School to meet attendees, invest in them, or hire them. Others will give remote talks. And you can see the quality of visitors from the speakers in our conference and podcast.
So, earning is about constant career development and the prize-of-the-day.
Fun
All work and no play makes Jack a dull boy, of course. So the fourth part of the Network School is about fun.
This is the unstructured component. It’s most of what you’re here for. It’s just about assembling great people in one place: positive-sum people who believe in technological progress, internationalism, and capitalism. It’s your internet friends, coming from URL to IRL. Stanford introduced the concept of residential education, but this takes it to the next level.
In fact, our initial location is very similar to Stanford. It’s beautiful and sunny, and less than an hour from a major city (Singapore) with an international airport (Changi). That means you can be heads down during the week, head into the city on the weekends for fun, and get to just about anywhere in Asia within the same day. This is convenient for the >50% of the world that lives within the Valeriepieris circle.
We’ll do some group outings too, but most of the fun will be up to you.
WHO THE NETWORK SCHOOL IS FOR
Who is the Network School for? There are four lenses on this: demographical, ideological, professional, and personal.
Demographically
As mentioned, our focus is the dark talent. The more respect you have for legacy institutions, and the more respect they have for you, the less suitable you’ll be as an applicant.
So: the Network School is for Indian engineers and African founders, for makers from the Midwest and the Middle East, for Chinese liberals and Latin American libertarians, for Southeast Asia’s rising technologists and Europe’s remaining capitalists.
It’s for everyone who doesn’t feel part of the establishment. But it’s definitely not only for tech, because a community does not run on tech alone.
Ideologically
Ideologically, the Network School is for people who admire Western values, but who also recognize that Asia is in ascendance, and that the next world order is more properly centered around the Internet — around neutral code — than around either declining Western institutions or a rising Chinese state.
For example, the Network School is for those who understand that Bitcoin succeeds the Federal Reserve, that encryption is the only true protection against unreasonable search and seizure, that AI can deliver better opinions than any Delaware magistrate, and that democracy can be rejuvenated with cryptography. It is for those who believe in technology, harmony, internationalism, and capitalism. It’s for those who want Silicon Valley without San Francisco. And for those who want to found, fund, and find not just new companies and currencies — but new cities and new communities.
Professionally
Our ideal applicant is capable of remote work, or has enough savings to support themselves while at the Network School. For our initial cohort, we’re seeking three major groups of people in particular:
- Writers, artists, influencers, and filmmakers
- Trainers, athletes, coaches, and clinicians
- Founders, engineers, designers, and investors
These are, roughly, the demographics focused on learning, burning, and earning respectively. Of course, if you fall outside those categories but still think you have something to contribute, you should still apply to the Network School.
Personally
I should mention that the Network School is a “product” that I built for the young version of myself — the aspiring young engineer. This is the community I want to live in: a technocapitalist college town, a Stanford 2.0 that’s globally affordable and genuinely meritocratic.
So, I’ll be on campus full time. Bryan Johnson and I are supervising the setup of everything from bench press to French press. And we’ll eventually be recruiting faculty in the form of content creators, fitness influencers, and angel investors for the learn, burn, and earn portions of our program respectively. But all that in due time.
APPLYING TO THE NETWORK SCHOOL
Ok, so how do you apply to the Network School?
Just go to ns dot com and click "apply." We’ve set up a simple Luma page where you can apply in a few minutes. Then, if you pass review, we’ll send a second application where you pay rent. As mentioned, our monthly rent is $1000 (with roommates) and $2000 (solo). We also have daily and weekly rates too, but short-term visitors still need to apply.
The rent gets you an air-conditioned room on a beautiful island, with internet, gym, and access to all courses and community services. You’ll still need to handle your flights and pay for your food, but we think the overall package is extremely affordable. And so the Network School could be an amazing option for individuals or small teams looking to save money, get fit, and level up while living in paradise.
I’m looking forward to seeing you there! Just fill out the application at ns dot com, also linked in the tweet below.
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