1/ Very excited to share that @WillPapper & I are launching @SyndicateDAO, a protocol & social network to democratize investing for all.

I will continue to be investing @IDEOVC (which led Syndicate's round) & am excited to continue to work with founders in my new combined role.
2/ In fact, because of what Syndicate is and enables, it's already led to many new relationships, collaborations & opportunities—I'm excited to continue investing at @IDEOVC & helping take the firm to new heights.

Especially since we believe Syndicate is the future of investing.
3/ I've been in crypto since 2014 and have dedicated my life & career to it because of its transformative potential to make our world more open, free, fair, equitable, democratic & meritocratic.

This passion is part of my life's quest to bring more equitableness to our society.
4/ However, for some time, I've believed that crypto still needs to go a lot further to achieve this mission, particularly re: investing.

It doesn't make sense to me that crypto startups and technology (and now NFTs) are decentralized, yet the capital investing in them is not.
5/ The centralization of capital, investing, and power in our world is driving greater inequality in access, opportunity, and wealth. This has been happening for decades outside crypto.

Crypto, as a tech and tool, can make this worse or change things for the better, permanently.
6/ We want Syndicate to be a part of using crypto, a once-in-a-generation technology, to make things better for all.

Now is the right time to do it, especially because the world wants and needs it and L1/L2, cross-chain, DeFi, DAO, and Dapp infrastructure are ready.
7/ It has been my greatest privilege & honor to work alongside my team @IDEOVC, founders we've invested in, and other investors & people I've met over the last 6+ years.

I'm lucky to be embarking on this new journey with many of them—and hopefully many more in the years ahead.
8/ @WillPapper and I met 3 years ago when he became an @IDEOVC fellow (fun fact: @jinglanW is an ex @IDEOVC fellow too!). We've stayed close ever since, and I'm so excited to be working with him on this important project. I can't think of a better person to do this with.
9/ The investors in our seed round are like-minded and like-hearted friends—and in many cases as close to family members—of mine and Will's.

We're grateful for their support and the opportunity to work with them. It's been an absolute blast so far ❤️
10/ The @IDEOVC @ideocolab @ideo team has been my family for the last 3+ years, and I'm so excited to continue to be growing @IDEOVC for years to come.

@Joe_Gerber_ @GavinMcDermott @taratan @bramanathan and alumn @delitzer have been there everyday through every up and down.
11/ @ElectricCapital has basically been my second family in crypto with @avichal @puntium @jubos @MariaShen as some of my closest friends in the space.

They're some of the most talented, experienced, kind, and thoughtful people I've worked with. And they laugh a lot with me.
12/ @Delphi_Digital is my newest fam. @ZeMariaMacedo reached out to me on a whim and from there the rest is history. @anildelphi @lukedelphi @mediodelphi @Shaughnessy119 @YanLiberman have been awesome partners and friends. We meet with them every week. We're like the same team.
13/ @coinfund_io @jbrukh is someone I've always admired, and like @IDEOVC has been very hands-on in the crypto space for years before it became popular. He sees things well before they happen, especially in the NFT space, and it's exciting to finally work with him & @EvanTheFeng
14/ @robotventures, run by @rleshner & @tarunchitra, is a phenomenal partner. As experienced crypto founders w/ @compoundfinance & @gauntletnetwork, I've learned a lot from them already, and we've been collaborating with @rleshner on multiple fronts including @compoundfinance.
15/ With @kleinerperkins, it's exciting to work with @mondesai and @aliciaglau, who have known @WillPapper as a Kleiner Perkins Product Fellow. We can learn a lot from them as we expand access to the traditional world and also can't wait to learn from Monica's depth in crypto.
16/ @defialliance is a partner of @IDEOVC for months now, and I've loved how they've taken a founder-first approach to helping startups and investing in them—which is very similar to our ethos at IDEO. @lmrankhan and @QwQiao have been friends for a while now!
17/ @nascentxyz was co-founded by @IDEOVC alumn @delitzer who helped us start things over here 6 years ago, and we're proud to continue working with him as he is & always will be a part of our family. Most of Dan and my chats weekly are about the Marvel Universe, so it runs deep!
18/ @adamjacksonsf, founder and CEO of @usebraintrust and ex founder of @drondemand, is a portfolio company founder of @IDEOVC, and in the process, I've worked with him closely and learned a lot from him and the team about how to build a market, create a crypto company & invest.
19/ @alpackaP is someone I'm excited to work with deeply, given that he runs one of the largest rolling funds on @AngelList, and helped the teams at @dragonfly_cap and @BainCapVC with their investing and crypto strategies.
20/ @AshAEgan @Accomplices is great—not just as an investor but as a thought partner and co-builder. He's super forward thinking, willing to push the edges, and he was the first angel to commit to Syndicate before anyone else. He's been here since the beginning.
21/ @holdenbrad @amazon and I go way, way back to the days when I was at @CitiVentures. He's been a friend and collaborator all these years, and he's helped connect me and @IDEOVC to incredible folks who have been a big part of our success. So grateful to have him involved.
22/ Brandon Cook at Proxy is an incredible marketer and worked with @WillPapper. Super excited to be collaborating with him, especially as Syndicate starts to broaden its message and reach to more people outside of crypto in the years ahead.
23/ @TheCryptoDog is one of the leading influencers in the space globally. I've gotten to know Crypto Dog and can say they are a very values-aligned person who I'm excited to have onboard and will help us explore the edges of what Syndicate can do and means.
24/ @DavidNage @arca has become a friend who I've been collaborating with for a while now. I went on @BaseLayerPod a long time ago, and ever since, we've been sharing ideas and talking about the future. Love his ethos and approach to the crypto space but also life in general.
25/ @DeFi_Dad has been a friend of @IDEOVC for a long time—he's spent a lot of time at our studio in SF prior to Covid and has become a favorite of ours. Most importantly, he's values aligned, generous with his time and talents, and overall just a really nice person. Much love.
26/ Don Ho @Quantstamp @pioneerdotapp has been super collaborative and helpful in connecting us with folks in and outside crypto. I'm excited about working with him and taking Syndicate to new frontiers in and out of crypto.
27/ @ericwu01, Founder & CEO of @Opendoor, is one of my closest friends whom I've known for 12+ years. He and I lived together, hung out far too many times & have grown together as people over the last decade. And he's created an amazing company we can hopefully collaborate with!
28/ @jmart_199 @coinbase is someone I've been collaborating with for a while on investments but also broader collaborations between Coinbase and IDEO. He's always been so thoughtful and experienced, and we're so excited to have him onboard.
29/ @niraj @polychaincap has been so much fun to jam with since getting him involved in Syndicate—his depth of knowledge has pushed us already into new territories and opportunities that are very exciting. I can't wait to work with him on the future of Syndicate, DAOs, NFTs, etc.
30/ @RAC @sixnft is an incredible creative, whose music I've loved for 10+ years. Getting to know him over the last year has been awesome, and he's truly a pioneer in crypto. We're excited to work with him to take Syndicate deeper into the artist, social token, and NFT spaces.
31/ @RyanSAdams @BanklessHQ has been super fun to get to work with, as a contributor to Bankless but now as a collaborator on Syndicate. His knowledge and social networks in crypto are incredible, and we're excited to be working with him on the future of it.
32/ @scott_lew_is @defipulse @SlingshotCrypto is so much fun to jam with. Whenever we meet, it's 50% business, 50% crypto-related jokes. Pretty great mix IMO. Also, he's doing incredible work in DeFi and crypto, and we're honored to have him on the team.
33/ @StaniKulechov @AaveAave @variantfund has been a friend of @IDEOVC for a while now, and he's obviously someone we can learn a ton from in the years ahead. The collaboration potential is boundless, and most importantly, we've always felt a strong values alignment with him.
34/ @theklineventure @graphprotocol is absolutely amazing. I was introduced through @ricburton (thank you Ric!), and it's been incredible collaborating with her and her teams. She's a force, and we're excited to be working with her.
35/ @whatdotcd @lilmiquela is a visionary and super sharp, principled guy. It's exciting talking and working with Trevor on helping actualize his bold plans, and we're thrilled to be collaborating with him in the years to come. We're going to make magic.
36/ Lastly, there are so many people who have been directly and indirectly a part of this project in inspiring and collaborating with me over the years and hopefully in the months and years to come.

@jessewldn @prabhakar2reddy @robbiebent1 @sinahab @ricburton @thePalenimbus
38/ We're just at the beginning, but I want to thank so many for getting us to where we are, to have the opportunity we now have, to go do what we now can.

This is just Day 1 for @SyndicateDAO, but we're so excited to reveal what we've been building very soon. Onwards 🚀

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More from @ianjohnlee

30 Dec 20
1/ Crypto’s biggest potential impact to society is in sustainably distributing wealth, capital & ownership to a larger % of the world.

This is also its biggest risk: crypto can exacerbate inequality if it is not made accessible to everyone—especially those who need it most.
2/ Inequality is growing to unsustainable levels comparable to that in the early 1900s prior to WWI & the 1700s prior to the French Revolution & sweeping changes throughout Europe.

The top 1% (~80M people) now owns the same amount of capital as the remaining 99% (~7.9B people).
3/ Historically, there are only two solutions to extreme levels of inequality:

1. Revolution: Violence or war that leads to wealth redistribution to those who fought & won

2. Intervention: Political change that raises taxes on the rich & increases benefits to the poor
Read 13 tweets
5 Dec 20
How I learned Solidity programming in a month:

In April during lockdowns, I decided to invest in learning Solidity. Given that I haven't seriously coded beyond HTML in almost 20 years, it was daunting 😨

But it doesn't have to be hard or scary to get started.

Here's how 👇
1/ Latest Solidity Documentation

Here's all the latest dev stuff/updates to @ethereum Solidity. I search for things in here a lot when I'm trying to see how to do something very specific. Don't try to read this like a book. Just search for things in it.

2/ @udemy Solidity Course

For me this was really great and fun. Starts from first principles and teaches via real smart contract examples. It cost only $14.99 and I did it in 3 weeks very casually. You could do it in less than a week (I have a day job!).

Read 16 tweets
5 Dec 20
1/ IMO, @iearnfinance's DeFi Voltron is the most interesting in thing happening in DeFi right now. 🤔

Are these just friendly collaborations like anything else in crypto? Are several semi-closed DeFi Collectives starting to emerge?

A thread on what I call "DeFi Collectives" 👇
2/ Is it nothing to think about? Or could it be laddering up to something more profound in 2021 and beyond in DeFi?

One view is that it's an innocuous thing (which could be true, for now). Another is that it'll take competitive strategy and game theory in crypto to a new level.
3/ I wrote a lot about competitive strategy in DeFi this year when @SushiSwap vampire attacked @UniswapProtocol via a fast follower fork. Below is my piece in @BanklessHQ in September about Fork Defense Strategies in DeFi.

Read 12 tweets
12 Jul 19
0/ THREAD: Yesterday, we @ideocolab announced our new Startup Studio to accelerate the world's best blockchain startups, in partnership with over 20 leading organizations and protocols.

In this thread, I’ll share why and how we decided to do this.

1/ First I want to thank @coindesk @DanielGKuhn @pete_rizzo_ and @TheBlock__ @Yogita_Khatri5 @mdudas for covering yesterday, as well as the support from our partners and the general blockchain community.

2/ For many people in the #blockchain and #crypto community, this was the first time they've heard of @ideo, @ideocolab, or the fact that we've been working deeply in the blockchain/crypto space since early 2015 with many of the industry's leading crypto projects and people.
Read 55 tweets
4 Dec 18
{THREAD} For a decentralized project to succeed, it needs:

1. Team
2. Vision
3. Governance & economic model
4. Plan
5. Capital
6. Service (usable in market)
7. Users

Not enough importance, energy, or discipline has been put into #7, nor how it affects #1-#6. I'll explain how...
1. Team.

Most projects don't have experienced product or design co-founders, or they hire a head of product or design too late.

Like startups today (e.g., Airbnb, Slack, Pinterest), bring them in at the beginning to balance deep tech with user-centric design.
2. Vision.

@m2jr looks for founding teams with "earned secrets," which often come from deep experience in the field working (& seeing pain points) with customers & users at a granular level. Teams & visions should be configured this way. How do we know X should be decentralized?
Read 9 tweets
31 Aug 18
1/ For years, people have been waiting and hoping for crypto's "Netscape" moment. The gateway to the web that brought the internet to the main stream.

IMHO, looking for the Netscape for the #crypto space is not a relevant or applicable analogy. Here's why...
2/ The way people imagine crypto's "Netscape moment" is very literal: as a window, gateway, or browser (just like Netscape) to easily acquire, save, and use crypto and access the decentralized web.
3/ But that sounds a lot like a wallet and exchange, which already exists. And yet, even with these onramps and "browsers" into crypto, we haven't had that "Netscape moment" people are hoping for in terms of mass adoption.
Read 12 tweets

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