1/ Pulley just had our best quarter ever.

More companies are switching to our platform than ever before.

We bringing back our 'Switch to Pulley' offer to give more companies the opportunity to experience better cap table management.

$40,000,000 approx inflow into $BITB today. Nearly $100M of volume.

Investors have many choices of bitcoin ETFs. Grateful for those that chose to entrust Bitwise as a specialist.

For our latest views, you can now see Matt Hougan's weekly CIO memos here: experts.bitwiseinvestments.com/cio-memos…

1/ At Arc, Sequoia Capital’s company-building immersion for pre-seed and seed-stage founders, we break down foundational topics into easily digestible frameworks for founders to apply to their own companies. We start with PMF. sequoiacap.com/article/pmf-fr…

My entire apartment just started shaking in New York. Earthquake??

Increasingly wondering if this AI wave is what the 90s internet wave felt like-

*Giant tech disruption
*Who wins at ~everything up in the air
*Incredibly fast changes every week in tech and capabilities
*User behavior moving fast

Everything suddenly feels up for grabs 🌪️

Back in SF this week and loving it. I geeked out yesterday with an eng over the sci fi novels I’ve been reading. He repeatedly said he was shocked to discover that despite my coherent style, I am indeed, a nerd.

Some very specific advice for founders, or really anyone presenting an idea in a meeting:

You may think you’re really great at storytelling or speaking off the cuff. You are not. In nearly a decade of investing (and many years of interviewing people before) I can count on one…

Bitcoin can enhance the traditional financial system. More transparency, more trust.

Proud to take a pioneering step today —

A predicted paradigm shift in this downturn: naivety will trump experience

The internet vs the government
Social media vs legacy media
Innovation vs regulation
Uber vs taxi medallions
Technology vs politics
Bitcoin vs the dollar
SpaceX vs FAA
OpenAI vs NYT
Crypto vs SEC
Cloud vs land
Bits vs atoms

It’s all Network vs State.

Things to do when asking for an intro:

-Start a fresh clean email with a relevant subject line someone can forward easily. Dont reply with a bunch of crap inline alongside other musings, questions etc

-Explain who you are and why you are interesting/special. Drop some brand…

How it started (June 2016) vs. How it's going (Jan 2024)

Congrats to Hunter Horsley, Hong Kim and the entire Bitwise team on launching the lowest cost Bitcoin ETF in America!

founders, if you're looking to switch from Carta to Pulley, DM me. I can't recommend Pulley enough

1/ Switch to @Pulley by end of Jan and we will discount our cost by the balance of your existing cap table contract so you don't have to double pay.

Migrate with a few clicks and in less than a week.

Why make the switch? What makes Pulley different?

if you really think about it, every founder is a fraud until they're not

slowly but surely,
analog > digital
film > iphone
vinyl > spotify
call > zoom
handwriting > email

The pendulum always swings.

AI is about building a new god
Crypto is about building a new state

It’s easy to lose customer empathy at scale.

At Ramp, whenever a user gives us a less than stellar NPS, we give them a link to talk directly to our PM team.

Everyone is on that rotation - including me.

We’ve booked hundreds of feedback calls.

Keeps us humble and focused.

Today Loom is joining Atlassian. We have entered a definitive agreement for Atlassian to acquire Loom for $975m. And we are insanely hyped.

General advice for startups: Don't hire contingency recruiters.

Over the last 16yrs I have tried using contingency recruiters lots of times and it has never worked.

The incentives are all wrong:
* You get deluged by unqualified resumes
* Applicants get trained to trick your job…