Managing Partner @StatelessVC | Past: Co-founded @Hedgyinc (acq. by @sendwyre) | Investor 100+ startups | techno-optimist (t,t)

Online
Joined March 2012
This is my 3rd Crypto Bull Market. While they are all different they share many similar patterns. Here are some lessons from the 2017 crypto bull market. #crypto #eth #btc #Bitcoin #defi #yieldfarming
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Exactly. After we cross the death valley of vulnerability Then exploit safe promised land
I guess the flipside is eventually every exploit will be found and then there just won't be any exploits anymore?
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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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Matt Slater retweeted
$SOL up 50% after s/r flip Entered at the pico bottom and during the fakekout. Projection playing out perfectly. Revsit initial call if you want to study how to enter with conviction, and how to ignore scared gurus. Happy printing.
$SOL ✅ Texbook s/r flip and bounce from key level. Majors logically following Bitcoin.
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Matt Slater retweeted
One pattern I find useful for working with LLMs is a nice long ramble session. Sometimes the LLM needs more bits to understand what you're trying to achieve, but you're too lazy to type them. In these cases I like to lean back, switch to /voice and just ramble for like 10 minutes, total mess, anything goes, full stream of consciousness. Sometimes I declare it up top, something like "switching to speech recognition sorry for any typos...". Sometimes I turn it into a small interview of a few turns. But I find that the LLMs are somehow very good at reconstructing long incoherent rambles and often their echo of your own tangle of thoughts comes out quite a bit cleaner than what you started with. The result is that you improve the mind meld and have to correct things less from that point on.
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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
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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.
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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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Matt Slater retweeted
We’re thrilled to be backing @fractile_ai , solving inference at the edge of what’s possible. The current AI trend around infra and memory is deeply personal to me. A decade ago, I was part of a small team at Cruise pushing silicon to its limit. We were running perception and planning models on NVIDIA Titan with only 6GB of RAM & 2k CUDA cores. The chips were on-device, power-constrained, thermally limited. The car's air conditioning wasn't designed to dissipate that much heat so we had to engineer custom cooling. Everything was duct tape and ingenuity. It gave me a deep appreciation for doing more with less, and for founders like @goodwin_ml at Fractile who operate the same way. If you're the type who stares at the limits of physics and sees a challenge - reach out !
Exclusive: The U.K. chip startup Fractile said it has raised a $220 million Series B funding round led by Factorial Funds, Accel and Peter Thiel’s Founders Fund on.wsj.com/4nseSGS
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Matt Slater retweeted
Exclusive: The U.K. chip startup Fractile said it has raised a $220 million Series B funding round led by Factorial Funds, Accel and Peter Thiel’s Founders Fund on.wsj.com/4nseSGS
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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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Matt Slater retweeted
Biology will soon be an engineering subdomain
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It continues to amaze me how behind the ball practitioners are on how ai is accelerating their field Old paradigms and mental models need to be updated Not all fields will 100% be accelerated by ai but need to look at everything from first principles to re evaluate if ai can change existing process
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That change you’re feeling? Like the old way of pricing and modeling entire industries is being turned on its head? It’s been slowly compounding for a while now. When you look at the IGV/SMH ratio (tracking the relative performance of software against semiconductors) you see that this rotation out of software into chips isn’t new. It’s just accelerating.
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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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Matt Slater retweeted
It should be pretty obvious at this point that AI is a "force multiplier" not a "labor substitute". It helps experts be better at things they are already good at. It doesn't let beginners match experts. If you can't write, anything you write with AI will be unmitigated slop. If you aren't a software engineer, anything you vibecode with AI will have security holes and won't be able to scale past a toy demo. If you blindly trust AI to deliver on a research task without knowing the subject matter, you won't be able to fact-check it. There's this weird misconception of AI as something that completely levels the playing field. I don't see it that way at all. There are mathematicians deriving novel lemmas with off-the-shelf models. Normal people can't do that. AI is a tool that makes experts better. It doesn't make everyone into an expert.
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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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Congrats to Stateless portfolio company Ostium on closing their Series A!
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Matt Slater retweeted
Replying to @xenocosmography
Since about 1990, the West has been socialists LARPing as capitalists, and China has been capitalists LARPing as socialists.
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When I moved to the bay it was pretty common that everybody read his blog. Was definitely a cheat code to understanding startups and growth and what to focus on.
paul grahams blog is quite possibly the most insane treasure trove of absolutely banger short form alpha in existence
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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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