Juan Orbea

Who are the mitochondria in your company? Make that list. Invest in your relationships with these people, and in the people themselves.

FLAG, a fiber-optic cable now being built from England to Japan, is a skinny little cuss (about an inch in diameter), but it is 28,000 kilometers long, which is long even compared to really big things like the planet Earth. When it is finished in September 1997, it arguably will be the longest engineering project in history. Writing about it... See more

Thus, a misunderstanding of the word “autonomous” within the term “DAO” would interpret “autonomous organization” to mean “an organization that makes use of smart contracts”. This misunderstanding is a massive ‘cheat’ which lets many arrangements that are not “autonomous” in Webster’s sense nevertheless be deemed “DAOs” merely because they involve... See more

But the outlook of these young people can't be explained by economics and global events alone. It must also have something to do with the way they were raised. As the University of Michigan time-analysis data show, this is a group whose members have spent the bulk of their lives in structured, adult-organized activities. They are the most honed and... See more

TAM arbitrage: The core idea is that if you, as an investor or a founder, can do the work and understand a market better than anyone else, and appreciate that its actually bigger than anyone gives it credit for, then investors can pay higher prices, founders can be more aggressive with burn, and experiment more broadly.

The U.S. government is pushing hard to fund the development of fourth-generation SMRs and microreactors. The Department of Energy’s (DOE) Advanced Reactor Demonstration Program (ARDP) has allocated billions of dollars to startups, including $1.2 billion to X-Energy and $2 billion to TerraPower. Similarly, the Pentagon recently selected BWXT to... See more

A classic problem in computer science is hill climbing. Imagine you are dropped at a random spot on a hilly terrain, where you can only see a few feet in each direction (assume it’s foggy or something). The goal is to get to the highest hill.

If your experience consisted entirely of being privileged, pampered, and recurringly rewarded in the greatest period of wealth creation in human history, you'd be upbeat too. You'd defer to authority. You'd think that the universe is benign and human nature is fundamentally wonderful.