.@pmarca has an answer for government inquiries into crypto use cases: "I've had these conversations with some lawmakers in DC where they say, 'I'm gonna support crypto now because if it didn't die during this whole period when we tried to kill it, then it must be good.'" "Which is the most reverse logic way I can think of to end up positive on something, but I guess I'll take it." "'Where are all the use cases?' Well, there was a five-year regulatory and prosecutorial assault that tried to kill it. Most areas of the tech industry never go through that." @pmarca @cdixon @rhackett

Ulysses: Blue Frontier We know more about space than the ocean. Ulysses is building the autonomous subsurface robots that will change how we interact with the sea forever. @Willob @Mr_Voorakkara @Jamedderburn @colm_o_brien @UlyssesInc

Radiant: Beyond Prosperity Mass-produced microreactors mean nuclear power anywhere. Behind the supermarket, on a military base, and eventually beyond the star we were born at. Radiant is building them. @DougBernauer @torishiv @RadiantNuclear

Mariana: Critical Mass Mining hasn't changed much in over a century, and it's suddenly the bottleneck for everything from AI to defense. Mariana is rebuilding the industry software-first, from the ground up. @tbc415 @MarianaMinerals

"For over two decades, U.S. electricity demand grew at well below 1% per year. But data centers, new factories, and electric cars are all arriving at once, and utility grid planners are now projecting energy usage will increase at a rate of 5.7% per year from 2025 to 2030." Base Power & the Future of Electricity, by @espricewright & @mikemcg0:

Solar is Texas's fastest-growing source of power, up from almost nothing a decade ago to about 15% of the state's electricity last year. Base Power & the Future of Electricity, by @espricewright & @mikemcg0:

"Last year, the world installed more new solar capacity than every other energy source combined, and very few people saw it coming. Every year for two decades, the International Energy Agency (IEA) projected that solar growth would level off, and every year the exponential has continued." Base Power & the Future of Electricity, by @espricewright & @mikemcg0:

"Last year, China generated more than twice as much electricity as the United States, and as energy becomes the bottleneck on industries like AI and manufacturing, that gap is becoming a national security problem." Base Power & the Future of Electricity, by @espricewright & @mikemcg0:

We're thrilled to co-lead Volta's Series A. Compute isn't distributed evenly. Most startups don't have financeable balance sheets: they're funded 18 months at a time. So they have to pay more money for less flexible compute access, and have to wait longer to get it. Volta is building the neocloud for Little Tech. Instead of asking each customer to arrive with a bespoke investment-grade backstop, Volta assembles the credit support, project equity, and debt behind each deployment. Already, Volta has signed a $10B strategic partnership for a 133 MW deployment in Norway and a $5B infrastructure program with Azora. We're excited to partner with Ricard Boada, Sofia Gumuzio, and the Volta team as they expand access to AI infrastructure and ensure startups can compete alongside the industry's largest players. By @RaghuRaghuram and @shangdaxu

The grid has been called the largest machine in the world – building it took decades, millions of workers, and hundreds of billions of dollars – and fixing it is an almost impossibly ambitious task. But in 2023, Justin Lopas and Zach Dell founded Base Power to try anyway, and it turned out that a lot of talented people wanted to work on this problem too. The engineer who got Starlink's laser mesh network working joined to lead their software. A Tesla veteran who'd spent thirteen years on everything from the original Roadster to the Powerwall joined to build their battery. And investors have since bet billions of dollars that they're onto something. Whether they're right will come down to a handful of beliefs about what electricity will look like in the coming decades. Base Power & The Future of Electricity, by @espricewright & @mikemcg0:

"In 2018, Zach Dell was a summer analyst at Blackstone studying the utility-scale battery opportunity. 'One thing became really clear to me,' he recalls. 'The marginal cost of solar plus storage was going to fall below the marginal cost of coal and natural gas.' He was right. Solar is now the fastest-growing source of electricity in history, and the price of a lithium-ion battery pack has fallen more than 90% since 2010." Base Power & The Future of Electricity, by @espricewright & @mikemcg0:

We just raised a $150M Series C at a $1.2B valuation led by Prysm Capital and co-led by @eurazeo. 🦄 Two years ago we deployed one voice agent in a US freight broker. Today, we’ve deployed a full platform in over 150 enterprises globally across supply chain, energy and utilities, telecom, insurance and airlines. 5x growth since our Series B. Some of those incredible customers include @DHLGlobal , @Kuehne_Nagel, @Naturgy, @Repsol, and @Uber. We’re building Enterprise Superintelligence: the state where an organization's collective intelligence compounds as agents and humans learn from one another. And it starts by deploying your first agent. Much like that first agent we deployed two years ago. Thank you Prysm and Eurazeo. And to @a16z, @Base10Partners, and @ycombinator for doubling down. Thank you to the 200 @HappyRobot folks who worked so hard to make this happen. If you need us, we’ll be heads down, building a world where things just work. ▶️ & Thank you to our strategic investors including including @DisruptiveKoch, @orange, (@deutschetelekom), @Bankinter, @endeavor_global, @Kfundvc and Wave-X.

Every child in this video is home tonight because Flock gave officers the right information at the right second. That’s the mission. That’s the whole company. I wouldn't trade that for anything.