data centers are *the* electoral issue going into the midterms which does not bode well for the structural tightness in the compute market 1. consumer surplus of low cost / free tokens ending 2. prices exploding upward 3. Cambrian explosion for compute optimization

texting in a romantic relationship is cope a real one will stop at nothing to see you, touch you, talk to you if you’re a woman struggling with dating, please stop texting him. get a grip. if he wants to see you, he will. you don’t need to be so available.

the number of foreign influence campaigns shaping and driving American discourse is truly staggering building both defensive and offensive cognitive security tools is a national security imperative DMs open for funding - open to all ideas, can fund grants or companies

CLOCKS ⏰ unironically tools to keep time and create a canonical ordering of events are my new obsession neither machines nor agents experience time so they must create or ingest it, making time susceptible to manipulation MEV anyone? 😉

reflecting on @CrucibleCap turning 2 next month. emerging trends in venture platforms that will accelerate as infrastructure economics change the economics of venture. what am i missing? compute — firms building or funding their own compute businesses. (Our compute biz has 8-figure run rate; Cambium built an opco/propco with capital partners to deploy portco Sambanova’s chips; nearly every large fund is doing something here to route immense capex and opex margins back to their bottom line) asset optimization — firms buying businesses or asset portfolios and optimizing them with their portcos. (GC buying a hospital; we’re looking at distressed energy assets to optimize w a portco and harvest levered depreciation.) restructuring — firms doing bankruptcy buyouts, restructurings, and recaps of legacy companies. (we did @standardnuclear with @decisivepointvc; working on a second energy buyout/restructure w another partner now) trading — firms moving into trading: prop desks, market making, and/or managing their own VaR/exposure. (we run a prop book; many HFT/MM VC arms have strategic capital offerings; hearing one large SV fund is trying to hire traders.) strategic finance — firms moving beyond talent, biz dev, media platform into strategic finance as companies need more debt: ABS, EBL, trade finance, PO finance, serviced by an in-house lead. (we’re building a syndication network and a suite of template docs/tools.) securitization / tokenization — as financing complexity grows, more firms will help companies securitize or tokenize fixed assets/liabilities to tap larger capital pools without an IPO, either partnering with a platform or building their own since it’s largely a commodified service now

Every morning on a compute trading desk starts with working out which deals actually need you. With Compute Trader, your pipeline already knows: one's a contract away from closing, another's gone quiet for a week. Ask the agent what to chase, and whatever the deal needs gets done in the same thread. Your desk's agent, in private beta:

the level of schadenfreude around situational awareness / leopold is sad let the man cook, he's having a generational run and even if he loses 80% of his book, he'll end the year with better numbers than most HF managers will ever print.