Juan Orbea

These examples seem haphazard, and indeed, to some extent they are so intentionally: the goal is first and foremost to shock the reader out of their existing world model so they can start downloading Balaji's own.

Why SETI Will Fail (and why we are alone in the Universe)

You might agree that future people matter in the abstract. But it’s this point — that our actions today could meaningfully impact their lives — that might compel you to believe that positively influencing the long-term future should be a key moral priority of a time. This is the idea encapsulated by longtermism.

This happens slowly because while public markets trade daily and prices then adjust instantly, private markets don’t get reset until follow-on financing rounds happen which can take 6–24 months.

This blogpost explores venture portfolio construction and the various trade off implications a GP must consider and enables you to construct your own portfolio to understand how various assumptions impact returns to LPs and GPs. 

Team CCP can build, but they are building a dystopian surveillance state that much of the world would not want to live in. 

And reset they must. When you look at how much median valuations were driven up in the past 5 years alone it’s bananas. Median valuations for early-stage companies tripled from around $20m pre-money valuations to $60m with plenty of deals being prices above $100m.