Announcing Weekend Fund IV, backed by operators and founders (and maybe you).
When we raised Weekend Fund III, we did something different.
Toward the end of our raise, we announced the fund in public and accepted applications from LPs.
Our goal was to make early-stage venture more accessible and align ourselves with an army of operators and founders to help us and the startups we back.
Over 1,000 people expressed interest to join and hundreds did, but there was a problem. Legally, only accredited investors could participate as an LP. Accreditation laws are well-meaning but limit access to the majority of consumers.
With WF IV, @vedikaja_in and I are doing something different.
Like before, we’re onboarding engineers, designers, researchers, data scientists, salespeople, and other domain experts as LPs in the fund. But this time at a larger scale with USVC.
AngelList recently announced USVC, a new kind of fund that’s accessible to everyone, including the non-accredited. It holds positions in private late-stage companies like xAI, Anthropic, OpenAI, Sierra, and Vercel. I personally invested.
Today, they just announced their investment in Weekend Fund IV, one of the first early-stage funds added to their portfolio.
If you’re interested in being a part of Weekend Fund and getting exposure to generational startups mentioned above, visit usvc [dot] com.
Of course, don’t invest what you can’t afford to lose.
Investing in startups is risky and you may lose all your money. USVC shares are illiquid with no guarantee of repurchase.
Consider investment objectives, risks, charges and expenses carefully before investing. Read the prospectus: usvc [dot] com/prospectus.
Also, USVC is currently limited to US citizens. They’re working to open the fund to other geographies.
Lastly, my DMs are open. :)
@newmichwill Decision was from the Council, not labs. Can be done in the future, but will need 9-of-12.
If moral hazard is an issue, they can always upgrade to Stage-2 L2 or keep any future changes behind a timelock (doesn't exist now).
https://t.co/OIZnZrBaRi
@DaniREscudero@Pledditor@brian_trollz They don't have "access to freeze ETH", but they have access to L1 contracts that are upgradeable without a timelock.
https://t.co/OIZnZrBaRi
@sgoldfed Wrote up some technical details. This was possible because the Security Council could upgrade L1 contracts.
Honestly, tough decision, but good to see a substantial recovery here.
https://t.co/OIZnZrBaRi
I just registered for an .agent domain and joined the .agent community! get yours now and help shape the future of autonomous agents https://t.co/9V6SgSIE14 @agentcommunity_
Launch a deep research agent on the repo, go through all .md files, go through checklist of coding conventions used, get a sense of project state (e.g. still in development versus live product with paying users) and any next TODOs. Then write the CLAUDE.md and then condense it by half to keep it brief.
Crypto as "money for the machines" was what people were talking about during the 2012-2013 period.
Somehow that excitement was lost to "store of value" narrative along the way. Hopefully we can revive this.
@karpathy The most interesting thing will be how different models interact, with their different training, values, and world-views. People aren't fully differentiating between agents yet. Kimi is very different from Claude. Add in the open source and fine-tuned models, and ...🤷♂️