Family offices are invisible. But they've shaped the technology you use every day. Li Ka-shing's family office (Horizons Ventures) was an early investor in Facebook, Spotify, Zoom, Skype, Siri, and DeepMind — before any of them were household names. His $36M in Zoom became an $11B stake. The Pritzker family office (Tao Capital) was an early backer of Tesla, Uber, and SpaceX. Jeff Bezos invested $250K in Google in 1998 through what became Bezos Expeditions. That stake is now worth over $3B. Suhail Rizvi's family office quietly acquired 15.6% of Twitter before its IPO — a stake worth $3.8B on day one. He also held pre-IPO positions in Facebook, Square, and Snapchat. Most people have never heard his name. The Newhouse family office owns Reddit. Kapor Capital — built on the Lotus 1-2-3 fortune — was in Uber's angel round. These aren't venture capital firms. They're family offices. Patient capital. No fund lifecycle. No LP pressure. Multi-generational time horizons. One-third of all capital invested in startups worldwide now comes from family offices (PwC, 2022). And yet most people — including many in finance — don't know what a family office is or what they do. F0256. March 30th. West Palm Beach.

It is done. 40 years I’ve been watching and waiting. So incredibly proud of this team and how they overcame the levels of adversity they did.

So @NBA If Wemby lands that Bruce Lee kick to the back of his knee (that was no where near a basketball move) OG’s knee is cooked. Just because he wasn’t successful shouldn’t mean you fall silent.

Looking forward to meetings in DC tomorrow alongside @BlockchainAssn The last few trips I’ve seen real bipartisanship on getting CLARITY passed. Curious to see with midterms coming up if that still holds; I remain hopeful.

I spent years from 2016-2019 talking to family offices about Bitcoin. When talking about the 21M hard cap many would come back and say "they'll just make more" - hours, days and weeks explaining how that premise was incorrect. So I have a problem with 👇 "There will be bugs"..sure — but there's a difference between a bug and a four-year hole in the one invariant the entire system depends on: that ZEC can't be counterfeited. This one could have minted unlimited fake supply, undetectably, and the privacy design means you can't cryptographically prove it didn't happen. Reframing that as the normal good-guys-vs-bad-guys race skips the part that matters: how a soundness flaw in the core circuit survived multiple expert audits for four years. Credit to the team for catching and patching it fast. But "onward" isn't a substitute for that postmortem.

I listed to @JaxsonDart @1NCRDB1 yesterday and came to this conclusion: A single lens can make a problem appear resolved. Yet without diverse viewpoints, the issue simply hides in the blind spots. Real resolution demands many eyes.

Every single day can be Memorial Day. Honoring the men and women who serve and have served our country isn’t reserved for holidays — it’s a daily choice. Whenever I see someone in uniform, I make it a point to thank them. It’s a small gesture, but one that carries meaning.

Crypto needs to be weird again. For three cycles we we built ETFs, courted TradFi, and sanded off every rough edge so institutions would feel comfortable. That era is over. AI is about to make crypto actually weird again — in the best way possible. Agent-to-agent lending and borrowing. Autonomous agents with their own on-chain identities. Programmable money moving between AIs that never sleep. The future isn’t institutions wearing crypto costumes. It’s a parallel economy of agents doing things humans literally can’t. Weird is coming back.

Every Friday afternoon the Editor in Chief Agent for Up Next writes The Spread, synthesizing all the data and events of the week in >2000 word long form writing. It’s been awesome to watch this experiment play out. Check it out for free: upnext.fyi

There’s a genuine opportunity in the next 2–3 weeks to pass sensible crypto regulation that fosters real innovation right here in the United States. Congressional staffers have poured thousands of hours into the CLARITY Act. To any Senators tempted to play politics right now: please respect their hard work and put American leadership in digital assets first.

Audio readouts are now live on Up Next! 🎙️ The multi-agent AI market briefing drops 2x daily. Thanks to early tester feedback @ElevenLabs, every edition now has a narrated version. Markets, rates, credit, digital assets & PE/venture — all ready for your ears. Try it free → upnext.fyi/

Experimenting with AI agents that ingest primary financial data across five asset classes, synthesize it, and deliver unbiased reports—no politics, no sales motives. It's working. Try it free: upnext.fyi

I see an issue arising with anyone who's used @Replit @Lovable or other design agents - a rise in costs. The Orchestrator will say how much time it took to fulfill a prompt and tell users the costs - but a question emerges: why did a prompt take 9 minutes of compute to fulfill?

upnext.fyi is live — the daily markets briefing I built with a multi-agent AI system. Key rule: The Orchestrator refuses to publish any edition if it contains price data older than 5 days. 5 editions/week covering equities, rates, credit, digital assets & PE/venture all read in >5 minutes. Sign up for free: upnext.fyi/ Today's lede 👇 (Note: My firm has not invested in this product.)

This guy is going viral for turning a wild meme into a real movement — crowdsourcing distributed, people-powered ownership of Spirit Airlines. It’s the same decentralized vision crypto has been preaching for over a decade: not controlled by big institutions or private equity, but actually owned by the community. tiktok.com/t/ZP8peyn4H/

I wish every American could see how our elected officials actually interact in DC when the cameras are off. It’s cordial, respectful, and genuinely professional. @SecWar highlighted this perfectly today in his conversation with @gillibrandny. If people saw this side of Washington, we’d be a much more united country. 🇺🇸

I think it’s time to consider selling the team @StevenACohen2 You and your family seem totally checked out at this point. You brought in Stearns who destroyed the culture, the heart and soul of this team. There was so much hope and joy when you and Alex took over. That’s all gone. We, the fans, deserve better.

This aged well (unfortunately).

Excited for Visa to partner with @Nevermined_ai to enable agents to make secure card payments over x402