Neil

co-founder & GP @mf__xyz || former @aptos, grandmaster ER @usbgf

[Neil @neilhar]

I’m back and excited to share Maximum Frequency Ventures inaugural $50m fund with the world. MFV was built as an evolution to venture capital in crypto. CT is quick to dunk on VCs, often rightfully so, but venture capital remains still one of the strongest forces for good in this industry.

@moshaikh @alextang @jerome_ and I built MFV as a vehicle designed to support founders to build generational companies while we remain in the trenches with them.

Supporting builders was the best part of working at Aptos - seeing hungry founders grind and win. We cultivated 200+ projects with a collective $150m raised across them. Those experiences taught us what great founders need and where VC often falls short.

That realization led us here. We’re a VC that spends more time building than investing. Rolling up our sleeves is the foundation for this venture.

Our team came together naturally as we saw ~90% of the collective business outcomes at Aptos. From the biggest partnerships to ecosystem-defining deals, we’ve lived the highs and lows of scaling in real time and we’ll bring that same experience to every company we invest in.

The timing couldn’t be better. The next wave of crypto demands builders who can execute with precision, resilience, and speed. We’re ready to match that energy.

It’s time for VCs to build. MFV will be in the trenches. See you there.

[FORTUNE @FortuneMagazine]

.@moshaikh, the cofounder of the well-known blockchain development company Aptos Labs, announced that he and three former colleagues had raised $50 million for a new venture fund, Maximum Frequency Ventures, focused on crypto companies. https://t.co/T48enysU6S

[Neil @neilhar]

Had a great time celebrating legends at the @paidinfullorg awards last weekend

[Neil @neilhar]

@signulll https://t.co/9OSa8AIbeK

[Neil @neilhar]

This is super interesting - how many papers / PDFs have been published waiting for a billion dollar market to be formed through those novel ideas?

Probably a few sleeping giants on @arxiv

[Neil @neilhar]

Spent the week in SF and the talent + pace of execution here is hard to comprehend…yet something is missing

[Neil @neilhar]

My thoughts on the a16z crypto -> frontier pivot:

Crypto stopped being the core product a while ago. Today it works best as a feature set that makes other products better, particularly in financial services and money movement.

This makes sense and will lead to better products.

[Chris Dixon @cdixon]

https://t.co/pQssLkjGX8

[Neil @neilhar]

@Moshaikh the convergence era

[Neil @neilhar]

@0xLTR will give it a read!

[Neil @neilhar]

Speculation is an underappreciated bootstrap mechanism that can lead to the adoption of new types of products.

Even if a new market or product looks like speculation, history shows that speculative manias often fund and accelerate systems that later become indispensable:
- Tulip bulbs funded Dutch capital markets
- Railroad stock bubbles built the rails
- The dot-com frenzy built the internet backbone

And most recently, crypto’s speculation has led to the building of rails of a borderless, programmable financial system that financial institutions and governments are starting to rely on

[Joe Weisenthal @TheStalwart]

MAYBE I WAS WRONG ABOUT BLOCKCHAIN TECHNOLOGY

I wrote about how I always used to make fun of the guys who said things like "Bitcoin is speculative, but the underlying blockchain technology is interesting." And now I think maybe they kinda had a point.

[Neil @neilhar]

@ajbanon What's your theory as to why?

[Neil @neilhar]

@SamEshaghoff !!

[Neil @neilhar]

@marcov_91 you'd think there would be equal or more volume on weekends given the traditional markets are closed - do you have any more data on that?

[Neil @neilhar]

Thoughts on AGI and why we haven't achieved it yet...

A simple heuristic I’ve been using to test this hypothesis is asking frontier LLMs to name five things incorrect with something otherwise perfect that the same LLM drafted- without failure it always caves to the ask and provides five 'imperfections'

There are many reasons why the LLM may do this but the most important is that it lacks contextual awareness to push back on irrational (but otherwise basic) requests

There might be future models built that have better situational awareness, emotional awareness and the slightest dose of agency to tell the prompter their request isn't rational or even a waste of tokens.

[Neil @neilhar]

@sushikev @bot it’s my go-to now as well

[Neil @neilhar]

@Moshaikh again??

[Neil @neilhar]

@AviFelman legend

[Neil @neilhar]

@pnadimi Predicting cloudflare will eat this market for enterprises

[Neil @neilhar]

One idea I haven't seen talked about much on the new Roadster is how the thrusters could be used for safety

Car rollover accidents can become obsolete

[Tesla @Tesla]

Real life, baby

[Neil @neilhar]

@lzminsky @zeroxkyle different strokes for different folks

[Neil @neilhar]

@lzminsky the original entrepreneurial work

[Neil @neilhar]

@lynoronchain why?

[Neil @neilhar]

My new mental model on how I would sort crypto in four main buckets today:

1. Money → stablecoins
2. Assets → tokenization
3. Markets → onchain finance + prediction markets
4. Machines → AI x crypto

Am I missing anything else?