Monday, July 15, 2019

Yet Again The FT's Izabella Kaminska Will Probably Not Be Going to This Year's Andreessen-Horowitz Christmas Party (but will make it in vaudeville)

This is the third time we've predicted that Ms Kaminska probably wouldn't get an invite, the first being in 2016's "Insurance: The FT's Izabella Kaminska Will Probably Not Be Going to This Year's Andreessen-Horowitz Christmas Party." when A16Z was really pitching big data in the insurance biz and Izabella was writing pieces with headlines like "Breaking insurance models with big data".
We introduced the insurance post with a bit of backstory:
Last year, when Ms. Kaminska was pointing out* that Andreessen-Horowitz investee 21inc. ($116 mil from A-H, Khosla et al) seemed to be another solution-in-search-of-a-problem company, I was reasonably sure she wouldn't be invited to the 2015 party.

Now this latest pretty much rules out her attending the 2016 get-together as well....
and it was the 21 Inc. reference that brings patient yet wary reader to this point.
FT Alphaville had a couple posts in 2015 looking at 21 Inc.:
 Sept. 23
21 (grams of digital coke)
56 comments

May 19 
21 Inc and the plan to kill the free internet
27 comments
where Izabella essentialy evicerated them like a Canadian fishing guide gutting a walleye.

I on the on the other hand, being a fan of Alinsky's Rule #5: "Ridicule is man's most potent weapon." and #13 "Pick the target, freeze it, personalize it, and polarize it.", and recognizing the folks involved in 21 Inc as bloviating blowhards, went straight to mocking  them rather than the company or its purported business, see:
 "Climateer Line of the Day: Uh Oh Andreessen Edition":

...Bitcoins are like “tulips you can send anywhere in the world in arbitrary quantities”.
-Andreessen Horowitz partner Balaji Srinivasan
Mr.Srinivasan may not be aware that, since ca. 1637 or so, tulips have not had the best connotation in the world of finance....
Or their spokesman:

As Far As Whores Go, Larry Summers Seems To Have Become....
...the Whore of Babble-on.

Seriously, what does this crap even mean:
“The 21 chip adds a whole new dimension to bitcoin’s potential utility. At first we will be struck by the presence of a technology like embedded mining; eventually we may be struck by its absence...."
...Mr. Summers has joined Andreessen-Horowitz's Balaji Srinivasan at overfunded ($116 mil) bitcoin startup 21 Inc....
So when I saw this in her July 12 post on one of the guests invited to FT Alphaville's Vaudeville (July 26, 7pm,Wilton's Music Hall, London some tickets still available):
Cryptokitties get duplicated at Vaudeville with Simon Denny
...Denny, in case you do not know, is the man who brought blockchain to the Serpentine (including installations on Blythe Masters, Vitalik Buterin and 21). He’s also the man who put Peter Thiel into a Lord of the Rings board game and an offline cryptokitty replica into a physical bubble, with the help of an art collective-turned-blockchain-map/urban-development company called FOAM....
....MUCH MORE

I thought "I know that name" and lo and behold, in that same 2016 Climateer Investing post:
...I don't want to imply there is absolutely no there, there. I mean Warren Buffet isn't invested in IBM solely for the stock buybacks, but the way this plays out may not be what the software guys want....
Blockchain Art Exhibitions Explore the Bitcoin Technology’s Future
Simon Denny uses cultural references like computer cases to explore blockchain.
Simon Denny uses cultural references like computer cases to explore blockchain. Photo: Joerg Von Bruchhausen
Pokémon, postage stamps and the strategy board game Risk. Simon Denny uses everyday objects like these to illuminate how technology shapes the way we live and work. In his latest exhibition, the Berlin-based New Zealand artist explores blockchain, the little-understood technology underpinning the digital currency bitcoin.

Opening Thursday at New York’s Petzel Gallery, “Blockchain Future States” looks at competing views about how the technology should evolve. Large cutout images of the leaders of three leading blockchain companies—Digital Asset Holdings LLC, 21 Inc. and Ethereum—stand near globe-like structures meant to highlight how new currency systems could challenge traditional forms of statehood. A Risk board for each firm lays out the company’s strategy to create a new world order. A similar installation, “Blockchain Visionaries,” is at the Berlin Biennale until Sept. 18....
...“Blockchain Future States” sets out his observations. His Risk board for Digital Asset replaces countries with financial capitals—reflecting the fact that the firm, led by former J.P. Morgan Chase & Co. executive Blythe Masters, is creating a platform geared toward financial markets. The board for 21 Inc., which focuses more on bitcoin, eschews traditional geography for nationalist lands and technologist clouds, while Ethereum, an open software platform, is set in outer space....
Pretty good talent spotting, eh?
Previouly in the Izabella's Adventures on Sand Hill Road series:
Why the FT's Izabella Kaminska Won't Be Invited to the Andreessen-Horowitz Christmas Party, Redux
Izabella Kaminska, Marc Andreessen and Satan Walk Into a Bar...
How Do You Solve A Problem Like Kaminska: Andreessen-Horowitz Edition