In 2018, @naval hired me to be a human ChatGPT for crypto white papers. That's how I got my start as a crypto investor. My job was to read ICO white papers and report back if they made sense. Unsurprisingly, most did not. Back then, LLMs didn’t exist. If it weren't for that, I might never have become an investor. Today, the white paper I just tossed into o3 was probably written by another LLM. Intelligence has now become less important among junior investors, and charisma has become more important. LLMs can parse the pitch, but the ability of a junior investor to find and win over the founder can't be automated. Intelligence⬇️ Charisma⬆️