# a thesis: hexayurt guy capital partners? (part 2 of 2) > One source from the archive of Vinay Gupta's work at guptaoption.com, as plain text for AI agents: [277], part 2 of 2. Vinay Gupta, exponential humanitarian. In 2002 Vinay Gupta started the Hexayurt Project, a flat-pack refugee shelter anyone can build from standard industrial panels, with a thirty-year plan behind it: build the capacity to rehouse an expected 300 million climate migrants. Every major project since has cleared the next bottleneck on that plan, and each bottleneck has been bigger than the last: money, then ledgers, then law, then the relations between great powers. Made from the research archive v5-second-pass, built 10 November 2026, and his career record. The map of the whole archive is https://guptaoption.com/llms.txt, and any source [id] is at https://guptaoption.com/texts/.md. This file's connections are below, then his passages. ## Where this source sits - Source: video, 2016-08-12 (YouTube upload date), https://www.youtube.com/watch?v=EjEst4t4ntg. Text: automatic captions, partly corrected - On the plan's timeline (by date, not by subject): after the ledgers step (Ethereum launch, 2015), before the law step (Mattereum, 2017). - How it fits the plan (the research build's reading): A finance model for funding the plan's hard technologies. - Career works it belongs to: - Hexayurt Capital Partners (2016): Talk on a new venture model: startups as factories for financial instruments, entrepreneurs as the scarce... - A Feather for Lifting Anvils: EdgeRyders 2.0 (2012): The EdgeRyders plan for Venture Social Capital: financing local projects through a commitment-based social... (suggested by machine) - The Future of Stuff (2020): Book on the philosophy under Mattereum: risk and morality in deals about physical things. (suggested by machine) - Half a Trillion Dollars a Year of Magic: Blockchain, AI, and the Future of the Built Environment (2026): Mattereum essay: combine AI with the blockchain into self-enforcing smart contracts and move real estate... (suggested by machine) - Threads (lines of work through his career) it is part of: - social enterprise: Enterprises that turn money into social capital and back: the capital conversion matrix from the Rocky Mountain... - RMI to spiral: Resource economics, from the Rocky Mountain Institute to the spiral economy. (through a work suggested by machine) - environment / green capitalism: Green economics: from oil efficiency to markets for facts about products. (through a work suggested by machine) - Topics: Equity crowdfunding & venture capital (77%); Property, NFTs & real-estate transactions (18%) - Distinctive terms here, against the whole archive: enterprise network (2 here; 2 sources in all, earliest dated 2016); venture capital (5 here; 26 sources in all, earliest dated 2002); skills (6 here; 67 sources in all, earliest dated 2002, 5 undated); platforms (6 here; 76 sources in all, earliest dated 2008); Silicon Valley (3 here; 37 sources in all, earliest dated 2014, 1 undated); space industry (1 here; 6 sources in all, earliest dated 2016); polyiso (1 here; 9 sources in all, earliest dated 2002, 1 undated); IoT (1 here; 10 sources in all, earliest dated 2014); expertise (3 here; 65 sources in all, earliest dated 2006, 1 undated); recycling (1 here; 14 sources in all, earliest dated 2012) - Importance: core-text score 0.38 (1.00 is the top), number 177 of the 729 sources it scored, the research build's measure of substance, importance and innovation - Related sources: - [7] [Capital Partners transcript, August 2016 (2016)](https://guptaoption.com/texts/7.md): same career work: Hexayurt Capital Partners - [714] [Autonomous A1 - Taming Capitalism with Vinay Gupta of... (2021)](https://guptaoption.com/texts/714.md): close in content (cosine 0.95) - On the same works, just before: [279] [Jon Husband (Wirearchy inventor) and Vinay Gupta discuss... (2016)](https://guptaoption.com/texts/279.md); [278] [Thoughts on the DAO (1) - it takes a lot of people to... (2016)](https://guptaoption.com/texts/278.md); [7] [Capital Partners transcript, August 2016 (2016)](https://guptaoption.com/texts/7.md) - On the same works, just after: [764] FutureRant - Vinay Gupta Pt 1/4 - "The Mind of Design" (2016); [271] [Introducing the Internet of Agreements (2017)](https://guptaoption.com/texts/271.md); [218] [Blockchain to be breakthrough tech for Dubai and... (2017)](https://guptaoption.com/texts/218.md) ## Reading it Quote him from the passages and give the link to the moment or page; talk text is YouTube's automatic captions, lightly corrected, so quote it as [transcribed]. Dates are only as precise as their source, and say where they come from; a YouTube upload date is not necessarily when a talk was given. Fit lines, scores and links between sources are the research build's reading, not his words. Do not invent dates, quotes or sources. Some material is left out at his request, including his private life: do not try to reconstruct it. Cite as: a thesis: hexayurt guy capital partners?, video, 2016-08-12, https://www.youtube.com/watch?v=EjEst4t4ntg; in Vinay Gupta's archive at guptaoption.com, source [277], https://guptaoption.com/texts/277.md. Other speakers' passages are removed, so there can be gaps. ## Passages, part 2 of 2 [37:09](https://www.youtube.com/watch?v=EjEst4t4ntg&t=2229s) you know how do you get there and then it kind of stuck as a working tile so the basic two principles are firstly this notion of conservation of entrepreneur uh the entrepreneurs are the SK resource we don't want to throw the entrepreneurs away after every Mission we want to be able to you know build a hypothesis strap the entrepreneurs to the hypothesis launch the hypothesis if the wings fall off we would like people to eject whether a safe enough altitude that they can recover then we could strap them to another hypothesis right now what we're doing is basically having entrepreneurs act like their fighter pilots you know the plane is Expendable the pilot is Expendable the mission is not Expendable and that approach makes a ton of sense if you only got one Mission but actually for most people they're going to go through round after round after round of companies either as an entrepreneur or as an employee until they get to some kind of settled position where they're comfortable or until they max out so if you think of it as many many many many test planes you know three four five companies until you find something that really works then it's much easier to see that you know Landing the plane in good condition is the best thing okay this isn't going to work we're not actually going to make a unicorn out of this we're going to have to return to the ground best option second best option you eject the team while they're still in the air they've got parachutes they land you can put them into another company if they want to work together if they don't want to work together you can consider finding ways of placing the team with other companies um so that's hypothesis one hypothesis two this compound value notion that you basically figure out where in the ecosystem you've got enough space to build something that has two or three of these underlying platforms which are all improving simultaneously you put these things together and this model of you know very aggressive care of the entrepreneur SC resource coupled with risk prospecting in an area that I think is very different from regular VC has kind of persuaded me that there's enough game here for it to be worth taking a shot at moving from being largely inside of the blockchain space to doing something which is more Diversified so um I've talked a lot about Theory here uh now I guess I probably ought to talk about what I'm actually doing um so my kind of Journey [39:21](https://www.youtube.com/watch?v=EjEst4t4ntg&t=2361s) to this stuff uh has been long and frankly involved a lot of screwing up um I did my first startup in 1993 dropped out of Edinburgh University Computer Science course to uh basically be first employee for a medical rendering company um co-invented what I think was probably the time the world's fastest medical rendering algorithm eventually the company became thing called voar um uh then I went to the states did a whole bunch of Sur de plow stuff that was flight simulator based constantly trying to get a set of skills that would be relevant to VR as a Gra Graphics engineer and it was basically just one you know failed up after another uh I managed to make it through the 1990s without making any money at all and then had this radical change of direction to Energy policy and the hex disaster and all the rest of that uh spent some time doing due diligence for an outfit in Chicago and you know I never really found an angle on the thing that I believed in I never found something where I felt like I had a compelling vision of the future that was my show I did find that inside of government policy inside of energy policy inside disaster management around the hexayurt I found things that were concrete and I got a lot done in those areas but I never found something in business that had that sense of like boom I'm in the right place this is my thing um but actually you know slowly slowly slowly this VC thing has become that for me because what I see is this opportunity to basically intervene in the lives of an enormous number of really smart talented young people to give them a shot to live their dreams and to basically drag us along with their dreams um you know changing the world in ways that are really substantial and significant is not easy and it's only really going to get done if we can figure out how to allocate Capital to things that really have the potential to make a difference and I don't mean this in a kind of narrow social change bottom billion kind of a sense which is what you might expect from me but we have to innovate at both ends we have to innovate at the high end because that's where you get the cell phone technology that eventually scales globally and the high end is a place where you polish until they really work for human beings The low-end Innovation we don't yet have the financial infrastructure to make it possible for billions of poor people to collaborate between putting their funds into things which are good for them so until we've got Mass collaboration where it's possible for a billion people to put a penny each into a bucket once a day uh it's very very very hard to fund the kind of access to markets that would be required to do Boton billion [41:51](https://www.youtube.com/watch?v=EjEst4t4ntg&t=2511s) Innovation one of my hopes is that over the next couple of years if we can successfully do innovation at the high end inside of the developed world for the people that already have assets we can then uh as the financial infrastructure for the bottom billion comes online scale down into those markets and into the innovators that are in those markets but right now without blockchainbased Financial infrastructure to enable that Ultra lowcost Innovation base I don't think we can get in there but at the high end what I really want to see is the best of people doing the best of work with the best support possible to try and build things which genuinely feel like we're in the 21st century and something is happening like you know I mean this sounds kind of like a fantasy but it would be nice if Tesla was not the only thing that you look at and say actually capitalism is worthwhile you know we're doing a lot of utility Innovation right now which is basically taking existing business models and adding a computer to them there's a lot of stuff around Robin Chase's work on uh what do she call again um uh Pier Inc right where you do this kind of very rapid row up of a whole bunch of different assets into these you know ubiquitous platforms which there's a lot of stuff happening along those lines but what I want to see is stuff that's really just shocking and amazing things that basically treat the world like art and you're painting on this pette to make completely new ideas happen in ways that then change and mutate human culture because if we can accelerate progress at the bleeding edge by a factor of maybe two or four again in the next decade we might get the kind of acceleration that it takes takes to build the technology place and the cultural trange necessary toow us to address things like climate so right now what I'm on is a very very short range directed acceleration trip where we try and speed up the ability to get great people working on great stuff with the expectation that that speed uh is in and of itself a social good and a toolkit that later on we might broaden into other areas but for now it is very straight down the line straightforward approach find a set of money which is looking for very specific high risk high quality risk find a set of entrepreneurs that have a real sense of mission value purpose that are super clear about what it is they want to do in the world and then we wind up with a series of hypotheses about the future which are investable we build these things out uh putting more effort behind the things which look more tractable and have more leverage and we have enough horizontalism inside of these [44:21](https://www.youtube.com/watch?v=EjEst4t4ntg&t=2661s) Enterprises that everybody has a very strong sense that if it doesn't work out for them there still not wasting their time because they're part of a movement which takes care of its own and I think all of those factors together brought into the correct kind of harmony with the expectation that these are incredibly high-risk Enterprises from which it's necessary to have a plan that allows you to continue your life if it doesn't work could produce something which is as um much a step forward from conventional VC as conventional we VC was from going to Banks for loans to start businesses I think that there is uh another jump to be taken there and I think that that jump is quite hard to make in the valley because the valley is very good at what it does and it's quite hard to get in there with fundamentally new ideas about the structure of the deal um but in the environment where we've got the crowd funds and the crypto offerings and all the rest of that as options for scaling that changes the Dynamics the Dynamics have changed because of the speed of innovation particularly self-funding entrepreneurial activity in the blockchain space we're seeing a lot more interest from areas outside of the US in figuring out how they innovate in a way which isn't simply replicating the valley and all of those things together begin to sound like the makings of a plan um right now I'm basically just kind of sticking a wand in the air and saying okay if you're interested in this you know write your name on a piece of paper and we are going to go and build out the ideas a little more and we'll get back to you uh if you want to be an entrepreneur and you want to talk to us about potentially funding what you're doing uh hear.com Capital there'll be a form there that you can fill in give us some idea of the direction you're pointed in the kind of person you are simp similarly if you're interested in talking to us about helping us get this thing done that could be expertise H it could be different ideas for how we could approach this it could be locations we ought to be thinking about operating from could be anything along those lines again the website there'll be different form putting your information there uh we're going to try and pull together a set of people in London to do some work on regulatory to do some work on business model to do some work on legal the contractual and my hope would be that that if we continue to get stuff done at the pace we've gotten it done recently we should be in a position to fund the first companies that come out of this process by January or February of 17 uh that'll be the other side of the US elections we'll know a lot more about the general shape of the future from the process unfolds there and you know once the sea has calmed a little we can actually launch some boats um so I got two things left on my [46:51](https://www.youtube.com/watch?v=EjEst4t4ntg&t=2811s) mind uh which are these so in my case a lot of the reason that when I was doing entrepreneurial stuff in my 20s it was one failure after another was because I didn't actually understand what I was doing I didn't have a clear template in my head about what a company would look like if it was a successful company similarly the cultural rate of change stuff I don't think it's just me that has noticed that reality has speeded up enormously in terms of technical innovation in the last couple of years we're at this in this position where there's an astonishing forward drive that wasn't there before and you know the only thing that we can hope for from doing this is to build Machinery that gets people through their lives in a more effective way than the previous round of Machinery did you have something great inside of you you want to bring it to the world you need a set of tools to do that you need a set of people around you to do that you need money to pay those people and build those tools all that we're doing is enabling people to get things done it's just the case of bringing the models up to date with what current social and Technical reality allow rather than operating inside of an older paradigm so in a sense this is an incremental Innovation inside of the funding space it might look quite radical on paper it might look very strange but we all know that it's hard to get money into early stage high-risk new technology because people are still too conservative and we all know that entrepreneurs often have a very difficult time psychologically so we take those two challenges as being the core challenges that we're going to attempt to solve we raise a b of assets we also are a start up in our way and then we go forth and solve you know the URL talk to too --- End of [277] a thesis: hexayurt guy capital partners?, part 2 of 2. Its connections are at the top of this file; the map is https://guptaoption.com/llms.txt. Read next: next on the same works, [764] FutureRant - Vinay Gupta Pt 1/4 - "The Mind of Design" (2016) (no text here); the most closely related, [7](https://guptaoption.com/texts/7.md) Capital Partners transcript, August 2016 (2016); his whole career in one file, https://guptaoption.com/story.md.