Juan Orbea

Investing

Simple Agreement for Future Equity (SAFE)

A SAFE gives investors the rights to purchase stock in a future equity round, often with a specific cap and/or discount. No specific price per share is determined at the time of the initial investment.

They’re a simple and fast way to get early investments into a company. The SAFE was originally

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I would propose that this was being done, and that it was done at the cost of sociopolitical and cultural capital. So, quite specifically, what I would say is that things like Trump phenomenon and Brexit are directly and linearly connected to the various bailouts that happened in the United States and Europe, that it was a direct subsidy of the... See more

As intelligence saturates the matter and energy available to it, it turns dumb matter into smart matter. Perhaps what I should say is that intelligence is more powerful than cosmology. That is, once matter evolves into smart matter (matter fully saturated with intelligence), it can manipulate matter and energy to do whatever it wants. This... See more

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

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". 

The underlying mechanism for Zipf’s law is not yet agreed on but the main hypothesis is that it’s an outgrowth of the Principle of Least Effort. In short, systems that survive and operate at steady state optimize for efficiency. When they do, things tend to look like Zipf distributions.