Erd

Client Engineering. Crypto, Finance. @codex_pbc, ex-@coinbase

[Erd @erdtx]

This was an inevitable product. Coinbase lagged on it.

[Naval @naval]

Introducing USVC - a single basket of high-growth venture capital, for everyone.

No accreditation required, SEC-registered, and a very low $500 minimum.

Includes OpenAI, Anthropic, xAI, Sierra, Crusoe, Legora, and Vercel. As USVC adds more companies, investors will own a piece of that too.

Liquidity typically comes when companies exit, but we’re aiming to let investors redeem up to 5% of the fund every quarter. This isn’t guaranteed, but if we can make it work, you won’t be locked up like in a traditional venture fund.

It runs on AngelList, which already supports $125 billion of investor capital.

And I’ve joined USVC as the Chairman of its Investment Committee.
—

Go back to the 1500s, you set sail for the new world to find tons of gold - that was adventure capital.

Early-stage technology is the modern version. It says we are going to create something new, and it’s risky. It’s daring.

But ordinary people can’t invest until it’s old, until it’s no longer interesting, until everybody has access to it. By the time a stock IPOs, most of the alpha is gone. The adventure is gone. Public market investors are literally last in line.

This problem has become farcical in the last decade. Startups are reaching trillion dollar valuations in the private markets while ordinary investors have their noses up to the glass, wondering when they’ll be let in.

Investing in private markets isn’t easy. You need feet on the ground. You need judgment built over years. Most people don’t have the patience to wait ten or twenty years for an investment to come to fruition.

But there is no more productive, harder-working way to deploy a dollar than in true venture capital.

USVC enables you to invest in venture capital in a broad, accessible, professionally-managed way, through a single basket of innovation, focused on high-growth startups, at all stages.

It is how you bet on the future of tech: the smartest young people in the world, working insane hours, leveraged to the max, with code, hardware, capital, media, and community. Your dollar doesn’t work harder anywhere.

There is an old line - in the future, either you are telling a computer what to do, or a computer is telling you what to do. You don’t want to be on the wrong side of that transaction.

USVC lets you buy the future, but you buy it now. Then you wait, and if you are right, you get paid.

Get access here:

https://t.co/pAj1sqUsG0

[Erd @erdtx]

Another week, another RSC issue. Busy week for devs

[React @reactjs]

Researchers have found two new vulnerabilities in React Server Components while attempting to exploit the patches last week.

These are new issues, separate from the critical CVE last week. The patch for React2Shell remains effective for the Remote Code Execution exploit.

[Erd @erdtx]

https://t.co/LaOjxANOrC is refreshed with a clean new look. check it out

[Erd @erdtx]

Here is another look 👀

[Erd @erdtx]

Sneak peek of what is coming 👀 [Part 2]

[Erd @erdtx]

Sneak peek of what is coming 👀

[haonan @haonan]

the biggest mispriced risk in markets today isn’t in crypto at all

it’s in the “safe,” high-status defaults everyone treats as unbreakable

[Erd @erdtx]

@altcap @bgurley @GregAbbott_TX That’s awesome!

[Erd @erdtx]

It’s also a great place to raise a kid. Safe neighborhoods, good parks, family events all year, and plenty of space for kids to actually run around and be kids.

[Erd @erdtx]

Austin is one of those cities where you can pretty much live a full life without overthinking it. A few things I really like:

[Erd @erdtx]

The heat is the only real downside. Summer is brutal and there’s no way around it. But you get used to planning your day around it. The rest of the year is great.

[Erd @erdtx]

It’s not only tech workers. There are students, artists, longtime locals, families, blue-collar folks, musicians, and entrepreneurs. It actually feels balanced.

[Erd @erdtx]

Real estate is still reasonable compared to other big cities. You get more space, newer homes, cleaner neighborhoods, and it doesn’t destroy your bank account the way other cities do.

[Erd @erdtx]

The food is legit. Good BBQ, tacos everywhere, solid coffee shops, and H-E-B makes life way easier. You don’t have to hunt for good food, it’s just there.

[Erd @erdtx]

People are genuinely friendly. You can talk to strangers, ask for help, and most folks are just easygoing. The city feels young and active, but not in a try-hard way. It’s comfortable.

[haonan @haonan]

DEATH TO NEO CORP

Codex's rebrand is starting to trickle out in to the public

it's not the sterile "neo-corporate" look that most stablecoin companies opt for

We chose a palette built from warm, natural tones, colors you’d find in light on water, stone, leaves, skin, and earth

we chose living surfaces, light flickering on real waves, motion you can almost hear, to echo what stablecoins already are: global liquidity, flowing quietly beneath everything

more to come

[Erd @erdtx]

I'm pretty sure Coinbase began developing this at least a year before the acquisition. Integrating Echo would’ve been a major effort, and the real value here is in BD and marketing, not the software

[WenMoon 闻月 💚 @0xWenMoon]

So Coinbase spent 400m for Echo… just to use their own sale platform instead?!?!? 🤨

[Erd @erdtx]

100%

[haonan @haonan]

@Ksidiii Frontier fields are never credentialist

Credentialism creep is a sign the alpha is disappearing

[Erd @erdtx]

Hard to believe Gemini is one of the worst AI interfaces out there. It even misses form submissions sometimes

[Erd @erdtx]

@joshtriedcoding for a second I thought you were just joking