Marcus Aurelius wrote this over 1800 years ago: “Do not disturb yourself by imagining your whole life at once.”

The truest thing here is how he explains that so much is dictated my LPs who have dogmatic approaches to how funds should construct, even if historic data says otherwise. The market is dynamic, so must we be.

I just sat down with one of the great investing legends of our time and he said something amazing: “I think you should be intensely selfish about two things: 1. The people you spend your time with. 2. What you spend your time on.” Something wonderfully purifying about this.

Long Austin, Texas 🤘🏼

Bay Area VCs will say they want to invest in American Dynamism, yet somehow refuse to invest in 48/50 States

Excited to share my conversation with @itsdanieldart on Future Titans, authenticity, and systems thinking. Here are the key takeaways and from the conversation: Authenticity is a real competitive advantage, not just a personality trait. Daniel’s view is that in venture, authenticity builds trust, trust compounds over time, and that becomes a durable edge with founders, LPs, and peers. He draws a hard line between honest feedback and performative bluntness, arguing that the best investors pair candor with empathy. The best networks are discovered, not manufactured. One of the strongest ideas in the episode is Daniel’s belief that you should spend time finding believers rather than trying to convince skeptics. His “no name tags, no pitch tags” approach at Future Titans reflects a broader philosophy: the highest-quality relationships usually come from shared values and trust, not forced transactionality. Good investing starts with good systems. Daniel comes back repeatedly to being input-focused rather than outcome-obsessed. Whether he’s talking about building a conference, supporting founders, or constructing a fund, his core idea is that strong systems, repeated over time, create the conditions for strong outcomes. Founder support is not “value-add theater”; it is trust-building. His post-investment cadence with founders reflects a bigger belief that company-building is lonely and that investors earn the right to matter by being consistently useful, reliable, and emotionally steady. The insight is that being hands-on is less about control and more about becoming a trusted source of truth. Tier 1 ambition is really about relevance, not branding. Daniel is very open about wanting to build @RockYardVC into a top-tier firm, but he frames that ambition operationally: can he become someone who is consistently in the conversation for the best deals in his areas of focus? The takeaway is that elite status should be earned through repeated market relevance, not borrowed prestige. Venture works best when you invest for upside, not survival. A memorable throughline is Daniel’s rejection of playing defense just to preserve optics. He argues that venture is an upside-capture business, and that emerging managers can get trapped by trying too hard to avoid failure instead of underwriting for asymmetric returns. In frontier markets, proximity beats false certainty. On AI and quantum, Daniel’s stance is not “I can predict the future perfectly,” but rather “I want to get close to the smartest builders and learn from them.” The deeper point is that an investor’s edge often comes less from pretending to know and more from developing informed conviction through proximity to exceptional people. Long-term thinking expands what’s possible. Daniel repeatedly frames decisions on a 5-, 10-, and 15-year basis, arguing that a longer horizon raises your tolerance for short-term imperfection and makes room for ambitious bets, deeper relationships, and better firm-building decisions. Tactical questions often reveal more than abstract advice. His favorite question to ask experienced investors — what they would want him to do in the first 90 days if they were backing Rock Yard — captures the episode’s broader mindset: learning should translate into concrete actions, not vague inspiration. Please enjoy!

Recorded live at FUTURE TITANS 2026 - @rbiscardi of @iconnections_io sits down with @bgurley, general partner at @benchmark and one of the greatest venture investors of all time. When Bill committed to speaking at FT, it meant everything to me - it felt like real validation that what I was building with both my firm, Rock Yard Ventures, and FUTURE TITANS, was real. It was an honor and a privilege, and his conversation did not disappoint. Links to listen in comments!

I see many founders and people in the industry get scheduling meetings wrong. Here is the simplest, most respectful way to do it. But first, how not to do it. If you say -- let me know when works for you -- thats not optimal because then you are asking me to do work. If you say -- here is my calendar -- this may also not be ideal, or perceived as agressive. So whats the solve? You say: Please send me your calendar link or let me know what times work for you. Alternatively, if works better for you, I am available at these specific times: Give two small time blocks in AM and two in PM on two separate days. You can do this manually or via Vimcal or your favorite calendar. This is fast. comprehensive, respectful and always works.

Pod drop! Enjoyed doing this one live on stage with Joe at #FutureTitans in Austin. Major props @itsdanieldart for putting on a fantastic event! 💪🏽

Welcome to Miami! Davos of finance has just begun. #GlobalAltsMiami The @iconnections_io team has done a beautiful job to make this the biggest year yet.