1/ reflection from deal sourcing calls

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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More from @Melt_Dem

16 Mar
1/ always a pleasure to chat with @MelissaLeeCNBC on @CNBCFastMoney - she’s an OG bitcoin bull!

wanted to share data around the three trends i highlighted:
1. fund and ETP inflows
2. retail v insto
3. record highs in derivatives market volume

2/ lets start with fund and ETP flows

we continue to see crypto products and funds gathering more AUM, with a record $56B in AUM across all platforms

our @CoinSharesCo research team produces a weekly Digital Asset Fund Flows report with excellent data - coinshares.com/research/digit…
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
Read 14 tweets
12 Mar
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.

more on the machine here: asicminervalue.com/miners/bitmain…
3/ i elected to host my miner in the US, and Compass organized for my machine to be installed at this facility in Kentucky.

i pay about ~$250 / month for electricity to power my miner

you can browse all of Compass' hosting facilities here:
compassmining.io/facilities/
Read 7 tweets
21 Feb
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
Read 5 tweets
17 Feb
1/ #Bitcoin FUD-busting time!

claim: bitcoin ownership is heavily concentrated.

@business published an article claiming "2% of accounts control 95% of all Bitcoin" 🤣

truth: the facts, my friends, simple don't line up. let's dive in!
2/ interrogating on-chain addresses is tricky.

address =/ account.

one person can control multiple addresses.

one address can hold bitcoin belonging to multiple ppl.

exchanges and trading firms will have addresses with large balances that represent client funds.
3/ the fine folks @glassnode published an excellent analysis of on-chain address balances in January

the ownership distribution of bitcoin among wallets is actually much more diverse than one might expect.

full piece here:
insights.glassnode.com/bitcoin-supply…
Read 10 tweets
17 Feb
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."
Read 5 tweets
7 Feb
1/ how to manage your investors - a short thread

i am always talking to my portfolio company founders about how to work with investors.

remember, founders, investors work for you!

a great place to start - @briannekimmel's piece

wfh.substack.com/p/three-ways-t…
2/ at a minimum, send out investor updates. they're as much for you to track your progress as they are for investors.

here's a simple template i use @CoinSharesCo Ventures and my angel portfolio.

quarterly is a must, but monthly helps in the early days.

coinshares.com/assets/resourc…
3/ you cannot lead if you are unwell! manage your mental state.

get sleep. get sunlight. create space to do the things that nourish you.

DMs are always open. a coach, therapist, or mental health pro is a great resource!

kudos to @alexisohanian for leading the way w 776 VC.
Read 6 tweets

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