I’ve been talking with my kids - 9 and 16, about the future. They’re growing up in Silicon Valley. My son spends most of his day at a computer, goes to Alpha School and loves coding; my daughter has little interest in technology and wants to be a doctor. But what strikes me is that neither of them seems excited by what technology could make possible. When I was their age, the future felt like a promise: traveling to space, curing diseases, stepping fully into virtual worlds, flying to Australia and back in an hour. Unlimited energy, abundance and joy. It felt like something our generation would get to imagine and build. To my kids, the future feels like something that will happen to them - more AI, more robots, more screens, a world that feels less human. At best, they’ll have to adapt. They don’t see themselves as the authors of the future, but as its subjects. Where did we go wrong? When did progress become something young people brace for rather than dream about? And how do we give them back the feeling that the future belongs to them - that it’s theirs to imagine, shape, and build?

📈 @Etched ships — and scales to $21B Etched has raised $700M at a $21B valuation, led by Jane Street, with participation from Kleiner Perkins, Sequoia, A16Z, Peter Thiel, BCV, and Blackstone. At the same time, the company has reached an even more important milestone: shipping its first production system to Jane Street. Etched is building frontier inference infrastructure from the ground up, co-designing chips, racks, software, and manufacturing to deliver more efficient AI inference at scale. The company is on the fastest path to gigawatt-scale production of any startup in history building hardware for AI inference. 🏆 Huge congratulations to @UbertiGavin, @czhu1729, and @robertwachen, and the entire Etched team. Read more in @WSJ: #Etched# #AI# #AIInfrastructure# #Semiconductors# #VC# #VentureCapital#

I hope @robertwachen forgives me for sharing this, but when I offered to buy houses for the founders in exchange for equity last year, he sent me this photo. AFAIK this is pretty much how the team slept for the last 2 years working on making @Etched happen. It’s insane how much time, work, talent, and soul the guys have poured into their product. I’m so happy to see them ship the first rack to Jane Street today.

Absolutely epic! ✨ Was lucky enough to be at @Etched's office when the 1st rack shipped and the energy was amazing. ⚡⚡⚡ Congrats @robertwachen, @UbertiGavin , @saptadeep_pal and the whole team. You earned this moment. Onwards! 🚀

Filling a banking form and.. Apparently banks have never once believed "tech" is a job. it's telecom, software design, or data processing (also funny where FAANG falls). and VC? financial services? or do I just write "I give people money and opinions, mostly opinions"

We're running multiple top 1–3 percentile funds — 3 decacorns and 4 unicorns, all from seed and Series A, in 5 years. If we keep that up for another 4–5 years, land 5–7 more unicorn+ exits, and we might finally out-compound Bay Area real estate and buy a house with a functioning roof.

WIRED magazine just gave a 10/10 rating to a piece of hardware for the first time in a decade. It is a robot vacuum. Meet Matic. You do not use an app to control it. You literally treat it like a pet. You can point at a coffee spill and say "Hey Matic, clean this." You can even tell it to "follow me" and it walks behind you. It spent 9 years in development to solve the biggest smart home problem: privacy. It has 5 cameras, but it processes everything locally on an Nvidia chip. Your data is deleted in real-time. Hardware is finally getting fun again.

we're at a point in time where hiring for any senior technical role in SF is near impossible for a startup, we're hearing "i'd just stay in the [lab name] and keep making a few mil a year for now" every time. We do really need more H1Bs/O1s to move here

You invested $100K via a 3-layer Anthropic SPV at $380B valuation. Third layer takes 15% management/set up fees and no carry Second layer takes 10/20 First layer takes 10/20 So your real investment is 100*0.85*0.9*0.9=$68.85K. Given nobody scammed anyone in the matryoshka An exit at $1.4T IPO gets you a MOIC of ~2.8x after dilution. That’s $192K on the first layer. The first layer takes 20% carry, you have $167K left The second layer takes 20% carry ($36.4k), you have $130.6k left So you have made a $30K return on a $100K investment in a year. So layered SPV investment got you a 68% Anthropic exposure. Buying Google stock gets you 14% and Amazon - 18%. AND a multiple on all the money Anthropic spends on compute (most of their money). AND exposure to a money-printing business with a strong AI component that rivals Anthropic. AND no scam risk. While the 32% lost in SPV fees just fund someone’s coke habit in Miami. Same $100K put in AMZN and GOOG over the same time period would also get you the 30% return. You’re welcome.