MAFIA EP 003

New episode of Uncapped with @traestephens and @zebulgar from Founders Fund, and my partner @EverettRandle. We talked about Founders Fund, the role of VCs, operating versus investing, their current views on the market, and dynamics in the AI supply chain and China. The conversation stayed almost entirely on the rails and as always I learned a bunch from the way they think. Timestamps: (0:00) Intro (0:54) What makes FF unique (8:01) Why lacking EQ can be an asset (12:10) Delian on working with Keith (18:30) Why Trae hates board meetings (24:13) Benchmark vs. Founders Fund (26:31) Investing as the exhaust of operating (28:52) Venture as a micro asset class (30:42) The infamous 2021 offsite (34:21) Current market sentiment (39:18) Can you beat the S&P? (48:53) America's semiconductor blind spot (51:56) Taiwan and the 90% probability (57:58) Robotics, humanoids, and the China question

next, as I think through a full season, let me know what rules you'd tweak, and who you'd like to see at the table. with creative projects, I find the most important thing is always just to start, and catch momentum. once something's working, its best days are always ahead.

friends, romans, countrymen — the final game of MAFIA is live

MAFIA EP 003

Will the Mafia win? Final game of the night on Thursday, 6/18.

Introducing @PoeticHQ: a new AI system that executes complex multi-hour tasks with 99% accuracy and 10x fewer tokens than agents. We raised $50M at $500M from Kleiner Perkins, Founders Fund, First Harmonic, and Genius Ventures to build AI that does complex work inside Fortune 500 companies without hallucination. While code is too brittle, agents are too unpredictable. The work that runs the global economy - anti-money laundering, fraud investigations, underwriting - needs extreme accuracy. So we built a new kind of software that pairs the flexibility of AI with the predictability of code. When the world stays the same, Poetic runs fixed code: fast, cheap, identical every time. When the world changes, Poetic uses AI to regenerate its approach and find its way back to the objective. In one year, we went from zero to an eight-figure run rate as a team of four. Since then, we’ve scaled the team and executed the highest-stakes processes at AIG, SoFi, and Chime. At SoFi, a large US bank, Poetic reached 99% quality on fraud investigations in five weeks.

mafia episode two is live: palmer luckey, bryan johnson, and dylan field take on the town. let's see if trae's as good at sniffing liars out as he is at manipulating cherished friends into murdering the angel.

Check out the full second episode -- youtu.be/LP80Jrf2xrk

team palmer

I've spent years and a small fortune engineering my body to not die. Then got murdered in Mafia.

Who's lying?

Unclear why we all agreed to play mafia on camera and let you watch us lie our asses off but here we are.

We put 12 of our favorite people in a room @sama @zoink @bryan_johnson @PalmerLuckey @cyantist @traestephens And made them play the diabolical game of deception, Mafia And filmed it all live with @micsolana as the moderator Good fun :)

Watch me get voted out of this mafia game for no reason at all!