No. 258 – Psalms 137 and Bitcoin

What constantly comes to mind when I think about Ahmaud Arbery is Psalms 137:4. It’s how I feel right now.

By the waters of Babylon,
there we sat down and wept,
when we remembered Zion.
On the willows there
we hung up our lyres.
For there our captors
required of us songs,
and our tormentors, mirth, saying,
“Sing us one of the songs of Zion!”
How shall we sing the Lord’s song
in a foreign land?
If I forget you, O Jerusalem,
let my right hand forget its skill!
Let my tongue stick to the roof of my mouth,
if I do not remember you,
if I do not set Jerusalem
above my highest joy!
Remember, O Lord, against the Edomites
the day of Jerusalem,
how they said, “Lay it bare, lay it bare,
down to its foundations!”
O daughter of Babylon, doomed to be destroyed,
blessed shall he be who repays you
with what you have done to us!
Blessed shall he be who takes your little ones
and dashes them against the rock!

The grief. The brutality. It’s all there. Ahmaud must get his justice. More than that, we’re going to build a world where black folks aren’t living like this.

What’s Up Next For South LA – Austin Clements, a VC out in Los Angeles, penned this nice piece announcing that he’d be leading early-stage accelerator Grid110‘s expansion to South LA. I love the vision for supporting entrepreneurs in that part of the city as they push to build the future. What’s extra dope is that the operation will be based out of Vector90, the coworking space an incubator Nipsey Hussle and David Gross built. More vim to Austin and the rest of the folks in that ecosystem as they push through the odds to build the future in South LA.

Coupa acquires ConnXus, adding a wealth of supplier diversity capabilities – A couple years ago CultureBanx covered the platform Rod Robinson was building for large companies that needed help identifying a diverse pool of suppliers. Kudos to him for getting to an exit. I hope it puts his family in a nice position.

Twitch Pitch Powered by Lightship Capital – Candice Matthews Brackeen and Brian Brackeen are building something special at Lightship Capital. I’ve been following Brian for years and have always been fascinated by the moves he makes. He moves different. From building a facial recognition startup out of Miami, to listing one of the first initial coin offerings I had seen a black person do, to going his latest move – hosting a startup pitch on Twitch’s platform. His past moves have been cool to watch. This will be also.

Bitcoin: Resilience in Crisis – I have kept the whole cryptocurrency wave in the periphery for the most part. I did find myself setting up on Ethereum after finishing Bitcoin Billionaires – a fascinating read. Jalak makes a good point that the volatility the traditional markets are seeing is making folks more apt to take their shot at cryptocurrencies like Bitcoin.

Square Q1 Shareholder Letter – Here’s another case for crypto being something to pay more attention to. For the first time, Square’s Cash App quarterly revenue from Bitcoin totaled $306M surpassed its traditional money revenue of $222M. While that’s definitely a signal to pay attention, there’s still some ways to go before we’re talking about cryptocurrencies surpassing traditional money. PayPal put up $4.62B in revenue in Q1 for some calibration.

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