Sarah Drinkwater
@sarahdrinkwater
Knowledge beachcomber interested in the ownership economy, flourishing communities, ecosystem building, magic, and knowledge as an end to itself.
Sarah Drinkwater
The power of agency is, in practice, the power to build: to direct our intelligence toward the work of understanding the world and adapting it to our needs. It’s how we impose a purposeful order on nature’s chaos.
Dr. Gena Gorlin • Death is the default
Established institutional LPs have backed solo GPs. University endowments and other institutional investors have funded several top managers. In doing so, these LPs seem to have made peace with the model’s structural risks.
Mario Gabriele • The Future of Solo Capitalists | The Generalist
perspectives on funding and venture capital (VC) and venture capital
As the amount of capital raised by venture capital firms nearly 8x’d between 2013 and 2022, the number of new startups funded didn’t even double.
When you take total VC dollars raised, divided by the number of new companies, you’ll see the average startup today has 5x more VC capital available than its counterpart did in 2013.
Rather than fund more ideas or more types of founders, most VCs simply ended up giving more dollars to more of the same founders and ideas they’d always back.
Great businesses aren’t good enough to drive the kinds of returns needed to generate the kinds of returns mega funds demand. As more capital was consumed, more risk was layered on to push from a great outcome to a mega-fund returning outcome.
Today, the fuel for startups and the oxygen for funds are being cut significantly. There is less available capital and appetite for burn
Absolute self-knowledge (even if as a Notion user/hater i am like: this is not true)
But truth, unlike information, has a centripetal force that holds society together. Information, on the other hand, is centrifugal, with very destructive effects on social cohesion. If we want to comprehend what kind of society we are living in, we need to understand the nature of information.
NOEMA • All That Is Solid Melts Into Information
Celo is a carbon-negative EVM-compatible Layer 1 blockchain designed to make it accessible and usable by anyone with a smartphone, anywhere in the world. It’s unique among blockchains in many ways, including the fact that it has its own native stablecoins in different denominations and in that it plans to back those stablecoins with 40% natural... See more