<transcript><audio_55>other side so you have this structure where you can feed forward cache and back propagate stock and you have this signal processing unit and the ease compose super nicely and super neatly so you you have many uh fun defund structures</transcript><transcript><audio_56>or vcs with with uh angel scout funds and these you know stock and stagger and so on there probably aren't that many layers but but what i want to sort of convey to you is that there's something else that we're building a lot of that looks a lot like this um that i'll get to in a moment</transcript><transcript><audio_57>but anyway part of what's doing this is that the fun the funds upstream are much larger in size and in capital range and these these structures enable um more fine-grained allocation of resources and capital across across the board</transcript><caption><image_58>The image is a screenshot of a presentation slide titled "Funding Staircases". The slide is divided into three sections. 

The first section on the left side of the slide has a bar graph that shows the number of funding staircases in the United States. The graph is in different colors - blue, green, and red. Below the graph, there is a text that explains the different types of funding stairs and how they are different.

On the right side, there are two smaller images. The first image on the top right corner shows a man sitting at a desk with a laptop in front of him. He is wearing a black shirt and appears to be giving a presentation. The second image in the bottom left corner shows the same bar graph as the first one. The text on the bottom right corner explains that the presentation is about funding the commons.</caption><transcript><audio_59>and so this is what helps build this massive staircase with tons of you know thousands of thousands of of vc funds that are allocating value this way so there's a lot another thing that looks a lot like this and these are neural networks um they're</transcript> other side so you have this structure where you can feed forward cache and back propagate stock and you have this signal processing unit and the ease compose super nicely and super neatly so you you have many uh fun defund structures or vcs with with uh angel scout funds and these you know stock and stagger and so on there probably aren't that many layers but but what i want to sort of convey to you is that there's something else that we're building a lot of that looks a lot like this um that i'll get to in a moment but anyway part of what's doing this is that the fun the funds upstream are much larger in size and in capital range and these these structures enable um more fine-grained allocation of resources and capital across across the board and so this is what helps build this massive staircase with tons of you know thousands of thousands of of vc funds that are allocating value this way so there's a lot another thing that looks a lot like this and these are neural networks um they're
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