David Swain

CMO @paradigm. Formerly @Strava, @Instagram, @Meta

[David Swain @David_Swain]

"The stock index made markets legible to ordinary investors. The weather forecast made meteorology legible to anyone planning a picnic.

Neither solved the underlying complexity, but they made it easy to understand. KPOW is an attempt to do the same for political power."

[Justin Slaughter @JBSDC]

The new KPOW index from @Kalshi hasn’t gotten the attention it deserves. It’s a big deal. @Katiebiber and I wrote about how KPOW is a critical change in how information travels: a single index that let’s political info travel up from the people, not just down from elites like media institutions, consultants, and analysts.

KPOW turns political power into a conversation. Markets aren’t magic, but in an era when everything is up for debate, they allow people to put their money behind their opinions. That, at least, can be one last, best, source of light in a storm.

[Jeff Roberts @jeffjohnroberts]

Via Stripe CEO: a big development for media. It took more than a decade but we're on the cusp of solving micropayments

I hope that, by 2028, every consumer will be streaming stablecoins payments right from their browser/wallet/LLM

[David Swain @David_Swain]

@mansourtarek_ Fired up for some Tarek writing.

[Matt Huang @matthuang]

We just open sourced the multiplayer agent infra we've been using at @paradigm and @tempo

https://t.co/yNK9fLEnMD

[David Swain @David_Swain]

Still early days but Centaur is a superpower machine.

[Georgios Konstantopoulos @gakonst]

Open Sourcing Centaur: Multiplayer, self-hosted, secure agents for Slack.

Centaur has been transforming how @paradigm and @tempo invest, build and research.

Now you can run it yourself on infrastructure you control. Instructions below.

[The Wall Street Journal @WSJ]

Venture-capital firms increasingly are investing in companies making physical goods—custom sheet-metal and parts business SendCutSend just got a $110 million investment. https://t.co/gks4I74bap

[Alana Palmedo @alanapalmedo]

~30 day backlogs → 1 day turnarounds. @jimbelosic rebuilt the design iteration loop for American deep tech. And we're back, thanks to @sendcutsend

[Matt Huang @matthuang]

Excited for Paradigm to co-lead this $110M investment in SendCutSend alongside @andrew__reed, @patrickc, and @collision.

24h turnaround manufacturing that your favorite robot, defense, space, and car companies all use.

Grateful that @jimbelosic allowed us all to get involved.

[Matt Huang @matthuang]

Congrats to Hermes Agent and the whole @NousResearch team!

[David Swain @David_Swain]

@ediyork Dream team

[Matt Huang @matthuang]

Using this agentic infra at @paradigm and @tempo has been life changing in a way that's hard to describe.

Individuals aren't just individually more productive, they coalesce differently into a new kind of organization.

[Matt Huang @matthuang]

Space ubiquity demands a new defense paradigm.

Excited to have @alanapalmedo and Paradigm backing the team at True Anomaly.

[Alana Palmedo @alanapalmedo]

Space can become critical infrastructure only when we build the capabilities to defend it. In very rare cases, you come across a founder excruciatingly well suited to deliver on the mission. @jollyrogersta is that founder. Thrilled to back him and his team at @The_TrueAnomaly!

[David Swain @David_Swain]

The narrative is that people have less attention; the truth might be that there’s simply less patience for low-signal media.

“People don’t have attention spans”
“No one actually listens to podcasts”
"Long-form is dead”

- Acquired's last 14 full episodes average 3h 44m
- Huberman’s last 40 guest episodes average 2h 38m
- Colossus broke onto the scene with features that average ~9.6k words
- Buffett's 2020–2024 annual letters averaged ~5.3k words
- Casey Newton’s five breakout Platformer stories from year one averaged 10.6 minutes and ~2.9K words

Attention is just splitting.

Short-form drives discovery, zeitgeist, and culture.
Long-form still drives trust, conviction, and legacy.

[Matt Huang @matthuang]

Over the past year, we've worked with partners across industries to integrate stablecoins into real-world payments

Global payouts that took days and cost too much, payment infrastructure fragmented across dozens of markets, and growing demand for instant settlement. Those requirements shaped how Tempo is built today.

@DoorDash, @stripe, @CoastalBankWA, and @arq_finance are the first of a growing number of enterprises and financial institutions coming to Tempo. We'll also be sharing stories from @Visa, @Shopify, @Klarna, @Felixpago and more over the coming weeks.

[David Swain @David_Swain]

Building
In real life
Across frontiers
Applications open for Paradigm Fellowship

[ricardo @notawizard]

Applications are now open for the 2026 Paradigm Fellowship: a 4-day retreat for young people who are obsessively good at something technical.

For our fourth year, we're expanding to welcome builders across every frontier — AI, robotics, energy, bio, prediction markets, or something we haven't thought of.

Last year's cohort came from 10 countries. Some were undergrads, some were dropouts, some were founders, some came from OpenAI, SpaceX, Citadel, and Kalshi.

The format is simple: firesides, whiteboarding sessions, and time to hack. What makes it special is what happens in between, and after. Fellows have met cofounders, started companies, and gone on to raise from Paradigm and others.

I was a fellow before joining Paradigm, the retreat was a transformative trip for me, and I met some of my closest friends through the program.

Apply by June 8th. Retreat runs August 12–15th.

[Matt Huang @matthuang]

Hyperliquid

[Noise @noise_xyz]

Noise Beta is live.

Noise is a new form of interactive media. We use an open market to measure what any idea, brand, or trend is worth to the broader cultural conversation. The result is a new way to understand relevance.

Sometimes the attention around a trend rhymes with the truth. More often, the insight lives in the disconnect. Noise markets tell a story about the world that no other product can. That ambition informs every decision that we make.

If you have been with us since the beginning, we appreciate you. There’s lots more to come.

Stay Relevant.

[Matt Huang @matthuang]

More institutional markets coming to Kalshi (e.g. non-farm payrolls, etc)

One area I'm particularly excited about is markets around compute