Visions of Web 3
I’ve been noodling on this post for a few months now, trying to find the best way to explain why a decentralized Internet is important and how we might get from here to there. I had outlined a few reasons why it mattered and might eventually go mainstream: More creative and economic opportunity for developers […]
Smart Contracts on Bitcoin
Over 10 years since its inception, Bitcoin is now firmly established as the preeminent digital store of value (SoV). I believe this is because Bitcoin dominates among crypto assets on the axes that matter most for fulfilling this digital gold-like function: A clear and reliable monetary policy: only 21 million BTC will ever exist Security: […]
Zero Marginal Cost Energy
Earlier this year, I published a post that was very bullish on an emerging electricity grid powered primarily by distributed energy resources (DERs) like solar, wind, and batteries. The crux of the piece was simple: decades of compounding 10-20% cost reductions present us with a world where it’s now cheaper to build new DERs than […]
Meet Our Mission Driven Founders
In recent posts, we’ve outlined our updated thesis around backing mission driven founders and explained why we’ve doubled down on searching for such entrepreneurs. There is no substitute, however, for letting these exceptional founders speak for themselves. In that spirit, please see the short video below highlighting a handful of our newest mission driven founders […]
Don’t Sleep on Lightning
While Ethereum based DeFi has stolen the show for most of 2020 – and rightly so, the amount of innovation and experimentation happening there is insane! – there have also been some major breakthroughs on Bitcoin’s native layer 2 scaling solution, the Lightning Network. I believe that this progress, while less flashy, will ultimately prove […]