@derek

Some notes: • AI and crypto are both pushing ownership closer to the individual and increase efficiency in the world for how both data and capital move. • We’re still very early. I think real GDP will 25x over next 25 years. Nominal GDP (quality of life) may 50-100x. • Personalized software will impact institutions more than individuals. Every bank, physician, etc will have its own app. New SaaS companies will enable this. • Jevons paradox is something every leader should build intuition for. • AI enables 10x talent to be 1000x talent. We’re building (STEALTH) to be a AI native company from day one. • There is no VAR/ABS/instant replay for federal regulators. Important to get it right the first time because regulatory iteration cycles are so slow compared to the industries they regulate. • Quantum computing isn’t being talked about enough

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