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Evan Feng
Partner @coinfund_io. Prev: L/S equities at P72, Citadel. Not investment advice, opinions my own. Posts about investing, gaming, AI, robotics, philosophy.
Super thrilled for @coinfund_io to continue supporting @AhmedZRashad and the Perle team as they accelerate the scope, quality, and pace of commercial progress of Perle’s data services, and deepen the alignment with web3 in the next phase of growth!

Perle Labs14 tuntia sitten
Perle has raised a total of $17.5M to build the crypto native platform where human experts train AI systems.
With this new $9M seed round led by @hiFramework, Perle Labs rewards the people behind the data that makes models smarter.

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@GEODNET_ is already solving this with the largest network of RTK base stations (continuing to grow) globally while signing up a variety of use cases across diverse verticals including drone and robotics!

Jack 🤖24.7.2025
📍 Robot localisation is the deca-billion-dollar problem no one talks about.
Every mobile robot needs to know its location to within 2-5 cm. Sounds simple? It's not.
Current solutions force an impossible choice: cheap but inflexible, or smart but fragile.
This fundamental trade-off is blocking the mass deployment of robots. Here's why - and how nature might solve it 🧵
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Evan Feng kirjasi uudelleen
Thank you all for the incredible turnout at ICML!
It was an absolute pleasure connecting with so many of you during our paper presentation, at our exhibitor booth, and at the exclusive distributed ML mixer.
See you all next time, with more frontier distributed ML research and more merch.
Together, we can just do things!




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The attractor state is 100% of the human race will be philosophers, whether we want to or not. We might as well lean into qualia as our final defensible moat.

Dave White22.7.2025
the openai IMO news hit me pretty heavy this weekend
i'm still in the acute phase of the impact, i think
i consider myself a professional mathematician (a characterization some actual professional mathematicians might take issue with, but my party my rules) and i don't think i can answer a single imo question
ok, yes, imo is its own little athletic subsection of math for which i have not trained, etc. etc., but. if i meet someone in the wild who has an IMO gold, i immediately update to "this person is much better at math than i am"
now a bunch of robots can do it. as someone who has a lot of their identity and their actual life built around "is good at math," it's a gut punch. it's a kind of dying.
like, one day you discover you can talk to dogs. it's fun and interesting so you do it more, learning the intricacies of their language and their deepest customs. you learn other people are surprised by what you can do. you have never quite fit in, but you learn people appreciate your ability and want you around to help them. the dogs appreciate you too, the only biped who really gets it. you assemble for yourself a kind of belonging. then one day you wake up and the universal dog translator is for sale at walmart for $4.99
the IMO result isn't news, exactly. in fact, if you look at the METR agent task length over time plot, i think agents being able to solve ~ 1.5 hour problems is coming right on time. so in some way we should not be surprised. and indeed, it appears multiple companies have achieved the same result. it's just... the rising tide rising as fast as it has been rising
of course, grief for my personal identity as a mathematician (and/or productive member of society) is the smallest part of this story
multiply that grief out by *every* mathematician, by every coder, maybe every knowledge worker, every artist... over the next few years... it's a slightly bigger story
and of course, beyond that, there is the fear of actual death, which perhaps i'll go into more later.
this package -- grief for relevance, grief for life, grief for what i have known -- isn't unique to the ai age or anything like that. i think it is a standard thing as one appreaches end of career or end of life. it just might be that that is coming a bit sooner for many of us, all at once.
i wonder if we are ready
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Evan Feng kirjasi uudelleen
Fintech Multiples growing as well.
$HOOD now trades at 26.1x annualized revenue and 72x earnings at $96B marketcap
$COIN now trades at 13.1x annualized revenue and 50.7x earnings at $106B marketcap.
$CRCL now trades at 24.6x annualized revenue and 219x earnings at $56B marketcap
Growing demand for high quality SaaS / AI / Fintech + Macro Set Up = we are going back to all time highs in multiples.
This bodes well for DeFi like $HYPE that ~$936M annualized revenue and 15.8x MC/Revenue.

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