Juan Orbea

Pebble fuel: Typically used for HTGRs, fuel pebbles are meltdown-resistant small, solid pellets that encase uranium fuel (typically HALEU). The pellets retain fission products under all reactor conditions and are structurally more resistant to neutron irradiation, corrosion, and high temperatures than are traditional reactor fuels. TRISO... 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 values of a company should be a blueprint for how to be successful in that company; the canon for how the team behaves and makes decisions. As I mentioned earlier, mitochondria aren’t just good at what they do — they best embody a company’s values. That's why you can’t just interview for competence. You need to interview for values.

Generally, I am used to the Big Compromise Idea being a leftist one: some form of equality and democracy. Balaji, on the other hand, has Big Compromise Ideas that feel more rightist: local communities with shared values, loyalty, religion, physical environments structured to encourage personal discipline ("keto kosher") and hard work. 

I use the word arbitrage because we're not talking about different markets in different geographies. We're talking about different markets that exist in different people's minds. If I can fundamentally understand, and believe in, a market more clearly than any other investors then my equation can change in ways that give me an advantage.

Feral Type – its niche is narrative and society. Narrative becomes reality. This gives rise to 2 failure conditions: 1) delusion (which is an identification with an ideology that takes the story as actually being reality) and 2) deception (the perception of society being first and foremost a hierarchy/conflict between domesticated people).