
Keegs
13.1K posts

Keegs
@DevKeeganG
there won’t be a shire pippen



In 2015, @DStrachman and @William_Blake launched a $20M fund built on the controversial belief that VCs misprice (and misunderstand) founder talent by relying on credentials. It was a thesis they had tested with great success at @thielfellowship . A decade later, 1517 Fund I is comfortably in the top 5% of its vintage, with pre-seed investments in Loom (acq. for $975m), Lambda (current val. $5.9B), and Deepgram (val. $1.3B). Their secret was hunting where no other institutional investor bothered to look; hanging out in coffee shops, hacker spaces, and talking to teenagers without degrees. They have been true first believers, every time...and their returns suggest the rest of the industry has been leaving a lot of money on the table. Full breakdown below from @credistick covering the story of Michael - the philosopher - and Danielle - the principal - and their techno-patronage.

We're excited to announce 'The Situation Room' by Polymarket is coming to Washington, D.C. The world's first bar dedicated to monitoring the situation. 🧵



This is why we as Dems need to get better at policy nuance in tech. We do this "anti-tech nanny state" ban everything approach when ever there is a new tech, and we bundle it all together. It's a constant trap by GOP lobbyists. Offshore markets don't go after insider trading - they encourage it. Gambling operators don't go after insider trading - because they are the insider adjusting the books. If we think there are issues and risks related to insider trading, then we focus on giving regulated entities more tools to investigate and pursue it. If we think there are risks in advertising promises and framing, then we have stricter FTC advertising language for them. If we think there are risks from non-compliant offshore exchanges targeting American's, then the CFTC can go after them via US Nexus exposure (once we restore Trump's gutted enforcement department) What we don't do, is have 80 year olds who are supported by banking and "gaming" lobbyists set policy on things they don't understand so we look like tools every time. This is good enforcement. It's what we want. And so when we just screech "but i don't like gambling and I think this is gambling" when entities are doing good compliance, we sound like MAGA trying to ban OnlyFans because of sin.

I spoke at the @avax and Valinor Digital hosted event on private credit today, and wanted to share a few of my personal observations: 1 - The amount of institutional interest in blockchains and crypto continues to grow. The natives feel like they are in winter, but to everyone else, it is spring. This divide is going to define the space over the next year. We are leaving hobbyist / ideologue stage and entering early adopter stage, which is a very disruptive point in tech lifecycles. 2 - The information landscape remains broken. It's so hard to learn about crypto and blockchain in a coherent way. Everything is hype merchants or doomers. So broken I am at the point where I am going to do something about it. I started with a bit on how bad it was, but every single person laughed and nodded. Fintech in general is like this; we have to do better. Perhaps I will. 3 - One of the nice things about speaking is you get to live test products on people. I promised one of my friends at @brave I would start testing their live QR code implementations. It works! One click and I have a code for everyone in the audience to subscribe to Zero In. Very handy. Proof of Code:

Aave is building vertically - aligning governance, liquidity, and products under a single framework. Is this the blueprint other DeFi protocols will follow?

We had a deal with Iran to ensure limits on its nuclear capacities. Trump ended that deal. Now he says that sending our young people off to fight and potentially lose their lives for this country is just a ‘cost of war.’ This is the cost of his broken promises. No war with Iran.


