the pandemic has leveled the playing field for startups
large conferences, $$$ sponsorships, and ad spend are no longer necessary to drive engagement
new channels and more content focus enables low cost brand and audience building
2/ new marketing mediums require startup execs and sales teams to change their approach and upgrade their skills
engagement, expertise, and insight is more important than ever, and curation of brand "voice" requires more consideration when its diffuse across many channels
3/ however, we've also seen a lot of companies get early traction but fail to convert it into recurring sales growth
will be interesting to see what startups and services emerge around converting a digital audience into actual sales from mediums like clubhouse, substack, etc
4/ more than ever, personal brand matters just as much as corporate brand
kind of feels like Andy Warhol's "in the future, everyone will be famous for 15 minutes" but "every will sell all the time" and we're not really sure what the product is, yet
just random thoughts, wdyt?
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3/ a large portion of inflows into fund flows are "one way" via US trust structures, like @Grayscale or @BitwiseInvest - meaning once the assets go in, they don't come out
investors also buy these in tax advantaged accounts or with the intent of holding for long term cap gains
1/ i've been mining #bitcoin with @compass_mining for a month now, and as promised, am sharing my experience as i go!
disclosure: i'm an investor in Compass personally and via @CoinSharesCo ventures, and a board director
here's the high level summary 👇 details in thread
2/ i purchased a @BITMAINtech S19 from Compass in late December for $7500. due to the massive shortage of ASICs and the high demand, this machine would currently sell for $9000.
1/ what grinds my gears - boomer bankers saying “oh bitcoin is a fad because my teenage son / cab driver / housekeeper was talking about it” like it’s 1929
it’s 2021
we have supercomputers in our pockets
high quality research is freely and readily available
2/ anyone with a smart phone, a little bit of cash in their checking account, and a desire to learn can start investing and can get exposure to a wide range of asset classes
they don’t need a dude in a suit to do it
they don’t need a 60/40 portfolio
3/ people are watching the dollar get obliterated and their portfolios get rekt
they’re tired of getting 0.1% interest while subsidizing the lifestyles of the people who laugh in their faces while robbing them
they’re taking charge of their portfolio to get out of the rat race
1/ "the first structure that stood taller than the Great Pyramid of Giza was erected nearly four thousand years later.
it was a cathedral."
2/ "religion is not always about God.
someday scholars will study Federal Reserve papers with the academic detachment with which we study ancient papal bull.
at the time, it meant something.
but in hindsight, it was arrogant gibberish."
3/ "the fact that we keep thinking and talking in terms of the rational (economics) to explain the irrational (the divine) reflects the inability of our society to experience a reality exists between these two poles."