blake janover

Founder/CEO, Two IPOs (Nasdaq & NYSE), Board: Deep Fission (SMR nuclear), Nasdaq: DFDV. National War College Alumni Assoc Fellow; AI & nat'l security. HBS. YPO.

[blake janover @blakeJanover]

Insane work ethic is still a competitive advantage.

[blake janover @blakeJanover]

Startup idea: cut (or melt) ice for less than $3.5B.

[Polymarket @Polymarket]

NEW: U.S. Coast Guard awards $3.5 billion contract for five new Arctic security cutters.

[blake janover @blakeJanover]

@eurofounder @elonmusk @growing_daniel You can pay my taxes.

[blake janover @blakeJanover]

@morganhousel I'd argue that the uncertainty drives fertility rates and that we'll be seeing a birthrate spike in Tel Aviv.

[blake janover @blakeJanover]

@Polymarket From the prospects of liberal democracy, individual freedoms, the lifiting of sanctions, and a free market economy?

[blake janover @blakeJanover]

@jukan05 Anthropic, open ai and every other ai first company is a software company trading at those revenue multiples. And their monetization model is... SaaS seat sales and APIs.

[blake janover @blakeJanover]

@TheOtherParker_ https://t.co/TcVutGJUJp

[blake janover @blakeJanover]

@arrington They called it modern monetary theory. They said it was fine.

[blake janover @blakeJanover]

@thesamparr Dune, Shogun, Papillon -- nothing to do with entrepreneurship, all materially widened the aperture through which I look at business and life.

My list of books that aren't on business that were useful with business is longer than the inverse.

[blake janover @blakeJanover]

@jasonlk The bull case for VMS :)

[blake janover @blakeJanover]

@jasonlk @thesamparr This is a pretty good case for AI reinforcing incumbent SaaS moats and growing of the pie vs the alt.

[DeepFission @DeepFission]

We have officially started drilling the first borehole for our data acquisition well in Parsons, Kansas -- a major milestone as we move from planning and engineering into active field development.

Check out our website for the full announcement.

[DeepFission @DeepFission]

We’ve raised $80 million in new financing to accelerate commercialization of our advanced nuclear technology.

Blue Owl Capital’s Real Assets platform is a new strategic relationship, and a Blue Owl managed fund participated in the round.

Full announcement on our website.

[joseph onorati | DFDV @0xinliberty]

DAT preferreds are quietly creating a new asset class. @apyx_fi is built to capture it.

@defidevcorp (DFDV) was the first non-Bitcoin DAT in the US, and we've filed to issue our own variable rate perpetual preferred. Running a DAT is what got me so excited to work on Apyx.

A year ago, there were a handful of DATs. Now there are nearly 200. The initial flywheel was: trade at a premium to NAV, issue stock, buy more crypto, grow crypto per share. That flywheel has slowed. NAV premiums have compressed and capital raises have gotten harder.

Enter variable rate perpetual preferred stock.

@MicroStrategy and @saylor pioneered this with STRC — a preferred that targets a $100 price and pays a variable monthly dividend. When STRC drifts from $100, the board adjusts the rate to push it back. It's essentially an algorithmic stablecoin backed by Strategy's entire balance sheet. @strive followed with SATA. DFDV has filed on similar terms.

These preferreds extract volatility from the price and push it into the dividend rate, which transfers that volatility to the common stock. DATs want this — more vol means better convertible debt pricing, more opportunity to sell stock at premiums, and more opportunity to buy back below NAV, all of which are accretive for the DATs.

I expect many DATs will issue instruments like these. As long as treasuries are managed carefully and crypto grows over 5-10 year horizons, these preferreds will be very successful — and there will be a lot of them.

This is where Apyx comes in.

Apyx is a stablecoin protocol backed by a basket of DAT variable rate perpetual preferreds, which currently yield 11%+. Diversifying across issuers reduces concentration risk while capturing higher yields from smaller DATs.

Apyx uses a two-token model similar to Ethena's USDe/sUSDe: apxUSD is a non-yield-bearing stablecoin designed as collateral across CeFi and DeFi, while apyUSD captures yield from all the backing assets — providing leveraged exposure to pref yields, potentially well above 11% APY.

Apyx is my bet that this trend has legs — and that crypto-native infrastructure is the best way to unlock the value in these instruments.

Blog: https://t.co/fTeAqTwfIe
Website: https://t.co/ccqyy8zU2e
Docs: https://t.co/gbZM7xlmuz

[blake janover @blakeJanover]

@nikitabier shareholder value

[blake janover @blakeJanover]

@PolymarketMoney

[blake janover @blakeJanover]

@ajhodls How come I never hear VCs list selling it as a third option?

[blake janover @blakeJanover]

If you live close to Boca/Delray and are playing with Ollama and building in DeepSeek, QWen, Kimi, or the more patriotic Llama and are looking for PT or internship work (you're in college, highschool, w/e), drop me a DM; and if you know someone that sounds this nerdy, tag them.

[blake janover @blakeJanover]

This seems broadly correct; and if it is, then perhaps we can expect rates at the long end of the curve to at some point at least be temporarily reined in by the hand of the fed in lieu of the invisible hand.

[Lyn Alden @LynAldenContact]

@fejau_inc It’s money printing.

Whether it’s QE or not is more semantics. Fed won’t call it QE since it’s not duration and it’s not for economic stimulus.

[blake janover @blakeJanover]

iv) take action;
v) measure results;
vi) back to step (i).

[Prof. Feynman @ProfFeynman]

i) write down the problem;

ii) think very hard;

iii) write down the answer.

[blake janover @blakeJanover]

Your use of AI wont give you a competitive advantage for much longer. As AI becomes ubiquitous, your competitive advantage will arise not from total usage (though that's table stakes at this point) but from asking better questions. Better questions are always the source of better answers.