NVIDIA just dropped Cosmos 3. The first open foundation model that reasons about the physical world. And tells a robot how to move. We've had GPT for words. This is GPT for atoms. 🤖 #PhysicalAI# #FrontierTech# #Robotics# #AI#

Good day fam, A lot of frontier tech dies in the gap between demo and workflow. That is why @quipnetwork feels more serious than it first looks. The interesting part is not just the quantum story. It is the way Quip is trying to fit into tools people already use. Their asset layer wraps existing wallets with a quantum resistant cosigner, already spans Ethereum, Solana, and Bitcoin, and plugs into familiar surfaces like MetaMask, Ledger, and Safe instead of asking users to relearn everything from scratch. ➛ safer transactions without a full wallet migration. ➛ existing habits stay intact while security improves. ➛ 20,000+ deployed wallets show this is beyond theory. ➛ 500+ active nodes mean the supply side is already being tested. That is a much better go to market than waiting for a total industry reset. The winners usually make the transition usable before everyone agrees it is necessary.

Best part of my job is getting to chat with smart people about frontier tech in beautiful places 🛥️ Awesome to be with @MikeBucella @S_A_Mackintosh @marcpbernegger at @SALTConference @DigitalFinForum

Congrats to @Rewkang & team on the launch of Robostrategy $BOT Think it's gonna be a big altseason of frontier tech the next couple years across semis / space / energy / robotics and these guys are very well positioned in offering hard-to-get private exposure. Also 1 share of $BRKB is lol

Crypto didn’t get a final victory today, not yet! But the game changed. The CLARITY Act just cleared the Senate Banking Committee 15–9, with two Democrats crossing the aisle. #Bitcoin# pushed through $82K. This is not just another headline. It is one of the clearest signs yet that the U.S. is moving from regulation-by-enforcement toward regulation-by-design. What the bill does is simple but important: It finally draws the line the industry has been asking for since 2017. - The CFTC would oversee digital commodities. - The SEC would continue to oversee securities. - Projects could raise up to $50M publicly under a “Regulation Crypto” exemption without full SEC registration. - DeFi developers would receive protection from being treated as money transmitters. - Stablecoins would get clearer guardrails. - CBDC overreach would be limited. For years, crypto builders in America lived under uncertainty, subpoenas, enforcement actions, and unclear jurisdiction. Now, for the first time, there is a real path toward rules. And this committee vote matters more than the headlines suggest. It is the first time a comprehensive crypto market-structure bill has cleared a full Senate committee with bipartisan support. Fidelity has endorsed it. Even Chuck Schumer has said Democrats want a good crypto bill to pass. That means the Overton window has moved. Of course, this is not done. The bill still needs 60 votes in the Senate. Ethics provisions remain sensitive. House reconciliation and White House timing are real challenges. If the August recess window is missed, the next serious opportunity may not come for years. But the larger pattern is already visible. @jpmorgan is launching tokenized money-market products on Ethereum. @BlackRock, Fidelity, Franklin Templeton, and other institutions are moving deeper into tokenized assets. Tokenized U.S. Treasuries have hit new highs. Stablecoin legislation is creating a clearer framework. Even governments outside the U.S. are beginning to accept crypto for public payments. In the meantime - this is also the moment as #TradFi# walking in while some crypto natives are walking out. Many builders who survived 2017–2022 are now rotating into AI, biotech, and frontier tech. That makes sense. The next 100x narrative often lives elsewhere. But institutions do not chase memes. They chase infrastructure. They chase rules, liquidity, collateral, settlement, yield, and programmable money. The crypto natives built the rails. Wall Street is now laying the tracks and pouring the concrete. That is the real shift. Crypto is no longer just “alternative finance.” It is becoming part of the financial plumbing. Bitcoin at $82K is not only retail FOMO. It may also be the market pricing in a structural transition: regulatory clarity, institutional adoption, tokenized assets, stablecoin growth, and on-chain capital markets. Today was not the victory lap - it was the starting gun for the next leg. Watch the $82K close. Watch the Senate floor. Watch the institutions. The market often understands structural change before the headlines do. 2026 may be remembered as the year crypto clarity became real — and conviction followed. And a special shoutout to Jason @RegulatoryJason - you’ve been advocating for the CLARITY Act for a long time. Big congrats on seeing this milestone moment. 😊

Was looking through old chats from 10 years ago about Cerebras’s Series B .. such a full circle. in 2017, if you bet on GenAI you were a "vibe investor" - Academia hated on Transformers for not being "elegant" enough for CV (RIP ViT/DETR haters). The NLP scientists called decoder-only models a dead end. 2017 was one of those quiet historical forks, no one in the industry grasped how deeply it would shape what became the Fourth Industrial Revolution Now, the same people are begging for H100s. Meanwhile, Cerebras is still fighting the physics of tiny SRAM and no HBM. Hardware is hard; being right early is harder. and ofc Cerebras didn’t feel obvious to me at all Looking back, my judgment was full of the constraints of that moment: I wasn’t sure Nvidia could become the backbone of hyperscale AI datacenters. Google still looked like the kind of company that would keep its best infrastructure for itself. And Cerebras’s wafer-scale engine felt, to me, like a very expensive piece of hype. That’s the thing about living through history in real time..the future rarely sounds loud when it first arrives. 2017 to 2026 was AI’s version of Hemingway: slowly, then suddenly all at once. And four years earlier, 2014 to 2023 was crypto’s The first 7 years of every exponential industry are usually just a long muted prologue, then last 3 tear through the world as a full symphony That’s still the most intoxicating thing about spending the last 15 years around frontier tech: getting to touch history in draft form, watching founders stay faithful while lost inside it, and watching random choices separate people from fortunes they couldn’t even imagine yet Slowly but surely, suddenly all at once

We just wrapped Draper Summit 2026 at Half Moon Bay. Every year we host this reunion of people who are changing the world. We heard from some of the top leaders today including: Baiju Bhatt, Founder of Robinhood → Aetherflux (this man does not slow down) Rosie Rios, former Treasurer of the United States. Rob Kaplan, Vice Chairman of Goldman Sachs. Sal Khan, who is revolutionizing how every human on Earth learns. The conversations were so futuristic, you would have to hear it from our entrepreneurs to believe it. HexemBio is rejuvenating all your blood cells. There were stealth companies regenerating limbs via bioelectricity, replacing brain cells, and rethinking human reproduction entirely via artificial wombs. Muse Bio launched the world's first topical rejuvenative serum made from menstrual blood stem cells - promoting scarless healing and glowing skin. Autolane is building the orchestration layer the autonomous world needs to function. Feltsense is building founder agents that source ideas, build product, and go to market without a human in the loop (they replicated the entire YC batch a few weeks ago). Venus Aerospace is developing the most efficient rocket engine ever built. Gemma Robotics sent a robot to autonomously apply professional make up - airbrushed foundation, contour, etc. The results were fantastic. And we live taped Meet the Drapers Silicon Valley! You'll have to tune in to see the winner… Another summit in the books, for the books. The greatest takeaway about what made Draper summit successful: We all were able to spend time in a beautiful location, learning about frontier tech, getting to know each other deeply, and creating real, meaningful friendships while simply having a lot of fun. At Draper, we know that VC runs on relationships that compound over decades. We are here to build trust with you as you build generational companies. Thank you to all our LPs, founders, ecosystem members, co-investors, and of course the relentless Draper team for coming and making this all possible. Let me know in the comments if you should come next year. Hope to see you there.