Konstantin Richter

Project Vend reads less like a capability story and more like a governability story. Phase two improved because institutional scaffolding (tools, procedures, role separation) reduced predictable judgment failures—persuasion, compliance blind spots, boundary confusion, values drift. The board-level question isn’t “can an agent run a business?” but “what governance primitives must exist before we delegate authority.” Until incentives, escalation rights, and refusal boundaries are structurally enforced—not merely prompted—agents remain high-performing managers, not autonomous executives.

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https://dealwire.tech November 25, 2025 DealWire Insight: Metcalfe’s Law Still Wins — Value = Users × Activity In every wave of technology—from Web2 networks to Web3 protocols and now AI-native ecosystems—the same truth keeps reasserting itself: Metcalfe’s Law still wins. Network value grows not linearly with user count but exponentially with engagement density. What defines a breakout platform isn’t just millions of sign-ups—it’s how intensively those nodes interact. Whether it’s wallets transacting on-chain, agents exchanging data, or enterprises integrating APIs, value = users × activity remains the fundamental equation of scale. Even as investors chase new compute paradigms, quantum architectures, or synthetic intelligence, the winners will again be those that achieve liquidity of interaction—the self-reinforcing feedback loop where every new participant makes the system smarter, faster, and more indispensable. In the end, it’s still networks—not nodes—that compound.

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This piece from Morgan Beller and Daniel Museles gets at something important — the social, emotional, and market forces that push founders to optimize for the present instead of building for the long term https://lnkd.in/dTVSd7-Q

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Thrilled for OVNI Capital to be backing RIFT in a pre-seed round led by AlleyCorp (Luc Ryan-Schreiber). Rift is building the first real-time aerial intelligence network, a new layer of infrastructure for persistent, on-demand visibility where it matters most. This funding will scale production of their autonomous stations, accelerate deployment in high-stakes environments, and expand the team leading the next phase. 🗞️ Explore the full story: - StartupMafia: https://lnkd.in/dARrg25N - BFM Business (FR): https://lnkd.in/eADSUsn7 - Les Échos (FR): https://lnkd.in/eFG3zAy5 👨‍🚀 Join the mission → https://lnkd.in/erm_SrTG

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META | has begun testing premium subscription based access across Instagram, Facebook, and WhatsApp. The age of free social platforms is starting to fracture. Key moves underway: • Meta is introducing paid tiers to its core apps, touching billions of users. • Advanced AI capabilities and enhanced controls are being reserved for subscribers. • Ad-supported, no-cost social media is no longer guaranteed. This is not a minor feature update to the model. It is fundamental change in how social platforms look to operate. The question now is … Q | Will users accept paying for platforms that they have used so much to date - for free ? https://lnkd.in/gCgZrz7J

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Big news at Legion | Merit-based Fundraising We’ve raised $5M to reimagine fundraising as Wall Street moves onchain - led by VanEck and Brevan Howard Digital, with participation from Kraken, Coinbase Ventures, Crypto.com , cyber•Fund , GSR Systemic Ventures & more. Why now? Because capital formation is shifting. Over $100T (crazy number) in assets are moving to crypto rails. BlackRock is launching onchain funds, Robinhood is building on Arbitrum, Visa is piloting USDC settlement. TradFi and crypto are converging. This isn’t just a tech shift. It’s a rewrite of who gets funded, and who gets to invest. For decades, capital markets were designed for the elite. Now we have the tools to break that system and open access. And yes, we practice what we preach - $1.25M+ of this round is reserved for the Legion community. This is only the beginning. You are not ready for our next announcement.

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🌍 Big Updates from The Venture Studio Forum (VSF): 🚀 We’ve launched our new website: Explore our refreshed home at venturestudioforum.org. 🤘 All Access, No Barriers: We’ve removed all paywalls — every Member now has full access to every benefit. This ensures our ecosystem continues to innovate and mature as a well-understood, sought-after asset class. 🎁 Member Gifts and Sponsorships Launched: We’ve rolled out a range of Sponsorship opportunities to sustain and scale this mission — including a Founding Sponsor option for our current Members (available for a limited time). Want to get involved? I’ll put all the links in the comments! #VentureStudios #Innovation #Ecosystem #VSF

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Yann LeCun’s AMI Labs raised $1.03B at $3.5B pre-money valuation to build world models, AI that learns from reality, not just language. LeCun left Meta to co-found the venture with Alexandre LeBrun (Nabla CEO); the team includes Meta’s VP Europe as COO and top researchers from Meta AI. CEO LeBrun predicts “world models will be the next buzzword, in six months, every company will call itself a world model to raise funding.” https://lnkd.in/eQYCSNZR

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