Looks like I'm a game developer now

Pretty much. As of the past few weeks, debt markets have almost entirely shut off access to money for any company that doesn’t have substantial revenue independent of AI data centers. SpaceX closed $40B of debt for GPUs, but we’re investment grade and have Starlink & launch revenue. That means the 200+ neoclouds are going to see guppy-level death and consolidation. Some will make it through, but not many.

My take on a16z crypto moving into frontier tech. First, I'll always be grateful to a16z for helping validate the space back in 2013 when Chris Dixon led their investment into Coinbase, which got me even more excited about crypto. But the final nail in the coffin for my previous career, and what ultimately pushed me to pivot my entire career into Bitcoin, was Marc Andreessen's 2014 NYT oped, Why Bitcoin Matters. If you haven't read it, suggest reading it. It's still important to this day. A lot of people have probably forgotten, but in those days we were all just looking for external validation. Very few institutions or funds were willing to publicly endorse crypto, and two of the funds that took a real brand risk were a16z and USV. Since then, we've seen some of the most incredible talent enter the space and fundamentally reshaped what crypto is today. You can actually argue that a lot of the AI infrastructure development we're seeing today wouldn't be where it is without Bitcoin mining infrastructure and the talent that flowed from crypto into AI. There is a real connection between the two industries that I don't think gets enough credit. Now, moving from crypto into frontier tech, whether that's robotics, bio, AI, energy, compute etc just means to me that the talent and muscle we developed building crypto over the past decade can now be used to build across all of frontier tech. We spent years building something that was nascent, misunderstood, and in many cases hated by the world. We developed thick skin, continued investing and building, and had to constantly show the world why this tech mattered. Even during thanksgiving dinners. And I think that makes us uniquely suited to build frontier tech. An example is data centers. Today, people and governments are increasingly pushing back against them. Well, people and governments hated crypto too, but we continued to invest and build, and now almost all of trad finance is embracing crypto in some capacity. I believe frontier tech represents the next generation of pirates in technology. People willing to build things that are nascent, misunderstood, and sometimes hated by the world. We're going to be hated and loved along the way, but we're going to keep building cool shit that the world hasn't recognized the importance of yet. And crypto taught me that the world usually doesn't recognize the importance of new tech until years later which is why I stay close to talent

Partner Mainnet in 7 days. October 26, 2026.

In short, to be a core contributor of the inception of a more equitable financial system which ideally reduces wealth inequality, violence, homelessness and other symptoms of centralized government and power systems. The middlemen will be removed, the people will win.

$OUSD is live. Build with OUSD via @Coinbase @Mastercard @Stripe and @Visa. Each integration path supports 1:1 USD conversion at no cost. Read the announcement: joinopenstandard.com/blog/ou….

Introducing Gemini 4 Argon – our new frontier model. It’s built for complex workflows across coding, enterprise knowledge work, and cybersecurity defense – rolling out today to a set of trusted testers through our Fairwind Program.

Seoul, next Thursday. Hibachi Korea Community Summit @ KBW 2026. Request to join: luma.com/vukptkgg

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The day after she made this post, she was found dead Hsin-Ju was one of the nicest people I met and made this industry feel inclusive May you rest in peace @hsinju 💜