Juan Orbea

A surprising number of projects are one small change away from succeeding. With your organizational privilege, relationships you’ve built across the company, and ability to see around corners derived from your experience, you can often shift a project outcomes by investing the smallest ounce of effort, and this is some of the most valuable work you... See more

One of the most important things a General Partner (GP) needs to consider early on when starting a venture fund is their portfolio construction strategy. Portfolio construction will impact nearly every aspect of running a fund, including return performance. 

But we also need to go a level deeper. Blockchains and network states have the shared property that they are both trying to "create a new root". 

Finally, another common approach is to back into the required fund value to guarantee a Net LP return multiple (i.e. net of fees and carry). For e.g. for a $100M fund to return 3x net to its LPs given the standard 2 and 20 model and $850K in total fund expenses, the total net return for the fund would have to be $370M after taking into account the... See more

In a dialogue with two psychiatrists (Jean-Michel Oughourlian and Guy Lefort), Girard probes an encyclopedic array of topics, ranging across the entire spectrum of anthropology, psychoanalysis, and cultural production.

The law of accelerating returns implies that by 2099, the intelligence that will have emerged from human-machine civilization will be trillions of trillions of times more powerful than it is today, dominated of course by its nonbiological form. The point is that if there are ways around this limit (or any other currently understood limit), then the... See more

We can organize these observations into what I call the law of accelerating returns as follows:Evolution applies positive feedback in that the more capable methods resulting from one stage of evolutionary progress are used to create the next stage. Over time, the “order” of the information embedded in the evolutionary process (i.e., the measure of... See more