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"Securities" by Lux Capital

Ideas on science, technology, finance and the human condition

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""Securities"" April 2, 2022

“Securities” Podcast: Josh Wolfe on “There will be chaos, and that chaos will be caused by people”

Josh Wolfe and Danny Crichton talk about the influx of TV shows covering startup busts including WeCrashed, Super Pumped, and The Dropout; strategic ambiguity, game theory, and a bit of geopolitics; and what the case for optimism is in this world, including the difference between complacent optimism and conditional optimism. Finally, Danny observes the perilous […]

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""Securities"" March 31, 2022

No longer tolerating the decline of American industry

Nasa / Government Use License

The history of economic progress is the study of tolerances. Social tolerance is the linchpin for closing a transaction: a buyer and a seller both have to understand, respect and trust one another in order to do business together. But that’s not the only form of tolerance involved in progress, for tolerances are also at […]

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""Securities"" March 29, 2022

Investing in capabilities, not markets

Rishi S / Flickr / Creative Commons

“If you build it, they will come.” It’s an aphorism that gets at one of the key dividing lines in venture capital and industrial policy today. First, there’s the ironic interpretation that has disseminated across Silicon Valley and startup investing the past decade. No one comes just because you’ve built something novel. Instead, it’s all […]

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""Securities"" March 29, 2022

A cloaking device for everyone

Markus Meier / Flickr / Creative Commons

Gene Roddenberry, the creator of Star Trek, is believed to have said that “our heroes don’t sneak around” when asked if he wanted Federation starships like the USS Enterprise to be equipped with cloaking devices. Instead, it was the Federation’s duplicitous and violent enemies like the Klingons and Romulans that would have such technology: in […]

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""Securities"" March 27, 2022

“We’re going to try to stop him”

Javier Morales / Flickr / Creative Commons

The news media has extensively covered the cyberhacking gang Lapsus$ this week, following the group’s successful data extraction hack of Okta, the single-sign-on platform for corporate apps, as well as hacks at Microsoft and an extensive extortion scheme against Nvidia. U.K. police have now arrested seven members of the gang, disclosing that the age of […]

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""Securities"" March 20, 2022

AI, dual-use medicine, and bioweapons

Micah Baldwin / Flickr / Creative Commons

There was a hot zone of debate in scientific circles this week triggered by an article in Nature Machine Intelligence by Collaborations Pharmaceuticals, Inc.’s Fabio Urbina and three co-authors that explored what would happen if artificial intelligence tools for drug discovery were repurposed to find the most lethal toxins to the human body. Unsurprisingly, results […]

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""Securities"" March 13, 2022

Antitrust and the future of shareholders

spurekar / Flickr / Creative Commons

I popped over to Boulder, Colorado briefly this week for a moderated conversation on antitrust and the future of big tech with Nathan Schneider, a professor of media studies at the university there and who wrote “Everything for Everyone: The Radical Tradition that Is Shaping the Next Economy” and is currently editing Vitalik Buterin’s new […]

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""Securities"" March 8, 2022

On upgrading the securities of women globally

Grzegorz Żukowski / Flickr / Creative Commons

Today is International Women’s Day, and now more than ever, we need to clearly see the common and unique challenges that women globally face across a range of securities. While important strides have been made and should be applauded, we need to double down on building a world where women take full and equal access […]

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""Securities"" March 6, 2022

Legalizing gambling, everywhere, all the time

Diverse Stock Photos / Flickr / Creative Commons

America is undergoing a radical social experiment, the kind that we have undertaken only a handful of times in our history, and which is perhaps the most radical experiment so far this century: we are legalizing gambling, everywhere, all the time. The handful of traditional outlets for gambling in America have metastasized into always-on, always-ready […]

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""Securities"" February 26, 2022

Unspeakable evil

America has a problem with unspeakable evil: it, quite literally, can’t speak about it. Evils plague American society, of course. A modern census of American evil would include police brutality against people of color; a culture of sexual assault and misogyny that denigrates the rights of women; business executives and a consulting class pushing highly-addictive […]

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