Internet Money Never Felt So Good
Joined November 2025
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Crypto founders say startup survival is a war of attrition and being early isn’t enough if you don’t outlast the years when nobody cares
“Like, they went through an extensive period of time, even Polymarket, Kalshi, they went through one or two cycles where they were completely not in the picture. They were there, but like, nobody cared.”
“And then out of nowhere, it’s everywhere. Now they’re on NFL commercials.”
“I thought Kalshi was dead. In 2024, before the election, I was looking at Polymarket and Kalshi and I’m like, Kalshi’s dead. No one’s going to use them. Polymarket is the answer.”
“Augur was an awesome product. It did all the same things, maybe not nearly as well, but the volume was, there’s no volume. Like no one really cared to go there. And they gave up by the time Polymarket said, no, wait, we’re going to do this the second time.”
“That’s an easy thing to keep you up at night as a founder. Am I too early for this?”
“I think the question is, it’s a war of attrition. When you look at vector.fun, people are like, oh, vector literally created this over a year ago, almost two years. They were super early to this. Well, they didn’t stay around. They sold out to Coinbase.”
“What’s even more important is just surviving. Literally just surviving. Being able to like, hey, if this thing slows down for like two years, I’m still cool doing the same shit over and over again.”
Elon Musk says it’s hard to imagine humans remaining in control if there’s a million times more digital intelligence than biological intelligence
“Unlikely that humans would remain in control if there’s a million times more digital intelligence than there is biological intelligence, it’s hard to imagine humans being in control in that scenario.”
“So I hope the AI is nice to us.”
Interviewer: “Anything we can do to encourage that?”
Elon: shrugs 🤷♂️