My partner Steve Jurvetson spent his nights and weekends launching rockets. Totally obsessed.
So I told him, "Find us the best rocket company."
Three weeks later he came back.
"The best rocket company is Elon's."
My first reaction: "Isn't he supposed to be running Tesla?" We already had a big investment in Tesla, but we heard him out.
In that meeting, you could feel it. His mission in life was to make humanity multi-planetary. Tesla was a means to an end.
So we became the first money in after Elon's own $100 million and an investment from Founders Fund.
Just before we invested, the first few rockets had exploded on the launch pad.. but then a Falcon 1 lifted off and worked. It launched one small satellite for Malaysia, and then it was retired.
Falcon 9 was the true workhorse, which good customers came for later over time.
Eventually there were contracts everywhere, and Elon Musk began his journey to make us multiplanetary.
A mission like "we're going to Mars" attracts the best engineers in the world. People take a new job to solve a problem they'll tell their grandkids about.
When Kennedy said we choose to go to the moon, the technologies that came out of that effort changed everything on Earth.
Same thing is happening now. Starlink exists because Elon Musk is building to get us to Mars.
If the mission is grand enough, innovations that happen along the way will enhance and may even redefine the business.
Thanks to Bonnie Blockchain for having me on!
This is the tough love coiners need rn IMO. Gotta kick the dependency on narratives and intermediaries. Get back to the basics. Censorship resistant. Store of value. One of the only easily accessible things govts can’t debase into oblivion.
$BTC vs gold
Bitcoin finally broke the downtrend line versus gold from the 2025 highs.
It doesn't look like much right now, but this is where it begins.