Are you building a product or a business? The answer likely depends on whether you sit in the money flow.

Starting a company is to live in a contradiction: 1. You have to maintain the irrational belief that you will prevail, even in the dark moments when everyone tells you that you will fail. 2. But at the same time, you have to confront the facts of your reality, however brutal they may be. This is the psychological duality that you are forced to inhabit. But it's not actually a contradiction. The odds may seem against you. But odds are averages over things in the past. As a founder, you are—by definition—building something new. It is your job to build conviction on a plan that turns the odds around. And often, the mere existence of your "irrational belief" is enough to do that. You may be the first person to be irrational enough to give your plan a real shot. There are times when faith in a fact can help create that fact. A great founder has the judgement to know when that's true.

“The unmanned surface vessel, a Saronic Corsair, located the crew, who had spent two hours in the waters off the coast of Oman and brought them to shore.” Never been prouder of the @Saronic team. 🇺🇸💪🚀

There is great wisdom in this answer from @PaulFrambot on the lasting value of craftsmanship v. a sea of sameness

Big day for @Morpho. Last year, we sat down with @PaulFrambot and had him explain it from scratch: what it is, why institutions suddenly care, and where he thinks finance is headed. Five answers 👇

This industry takes care of its builders. Thank you to the 60 CEOs and founders who sent a clear message to Senate leadership today: Pass the Clarity Act with developer protections and the BRCA intact. Developers who do not control user funds are not money transmitters. Read the full letter: t.ly/iXpDU

It’s easy to talk about cross-chain interoperability in the abstract. It gets more interesting when you can actually see the activity underneath it. Great dashboard to build a view from first principles: start with the data, work back to the narrative.

Proud to stand with the rest of our industry partners. Crypto needs to be regulated plain and simple. It’s time for the Senate to pass legislation.

It’s time.

Proud to have @a16z sign onto this letter alongside many within the industry.

Stand With Crypto and over 200 organizations sent a simple message to Senate leadership: it's time for the Clarity Act. The community is unified — large companies, startups, associations, and grassroots groups across the country are counting on their lawmakers to deliver rules of the road for crypto in America. The Clarity Act passed the Senate Banking Committee with bipartisan support. Now it needs to cross the finish line. Tell your Senators you want Clarity 👇

I’m saying CLARITY 100,000 times as a show of support

Foreshock before Knicks G3

Playoff hockey

What a horse 2/3 of the Triple Crown, but second straight year of Derby winner skipping Preakness Update the calendar and incentivize racing for eternal glory