1/ 3 projects I’ve invested in all had big announcements this week: @usebraintrust@SyndicateDAO@xmtp_. They touch on 3 of the most important shifts of our time:
- user-owned networks
- the democratization of finance
- and online identity
2/ Each is a case study. First up, @usebraintrust. Braintrust is a freelancer-owned talent marketplace. They match freelancers with Fortune 1000 companies. Each freelancer owns $BTRST tokens. As the marketplace succeeds the talent shares in the upside.
3/ Freelancers set their rates and Braintrust takes 0% revenue from the talent. Cue @cdixon:
1/ When I started researching DAOs ppl said, "they're just Discords and shared wallets." I wanted to know more. What were the mechanics? How do you join a DAO? What's the tech stack? @jackgecawich kindly invited me to @prtyDAO. Here's how joining @prtyDAO works 👇
2/ PartyDAO initially minted a fixed # tokens, $PARTY. You need 10 $PARTY tokens to access the member-only Discord channels. In the member channels people vote on investment decisions, like bidding on NFTS, and team decisions, like hiring.
3/ I didn't have any $PARTY tokens, so @jackgecawich gave me 5 of his and got a friend to give me 5. He sent them to my MetaMask wallet. I needed to add a contract address as a custom token to see the tokens (it doesn't just show up like when someone sends you ETH)
1/ Want to improve your work relationships? We got you! In this week's Awesome People newsletter, we cover how to leverage Love Languages at work ❤️. Highlights 👇
2/ There are 5 main love languages:
- words of affirmation
- quality time
- acts of service
- gifts
- physical touch (we'll skip this for obvi work reasons).
If you don't know your love language, take this quiz. It's valuable for work & life. 5lovelanguages.com/quizzes/
3/ According to @HarvardBiz, when people experience gratitude from their manager, they’re more productive. Learn your team's love languages to better express your appreciation. 👇
I love a good product experiment! @Zecca_Lehn suggested that we create the 1st ever async podcast. It was like having an audio pen pal for 10 days. We covered the definition of awesome, world-positive investing, different types of capital... Teaser thread👇breaker.audio/posi2ive/e/662…
1/ The founders I invest in are intrinsically motivated to make the world a better place. They're fanatically obsessed with their problem space. They're also all honest, genuine, authentic, and awesome humans.
2/ There are many types of capital that can make the world a better place (impact funds, grants, donations, SMB loans, VC...). VC is a very specific financial product, designed for a very specific type of company. Founders should understand the VC game before trying to raise.
We surveyed 370+ people who have been laid off from startups. Key takeaways and graphs from the Awesome People List👇
Early-stage companies are buttoning up and moved quickly to lower burn. As the second-order impacts of COVID set in, I suspect we'll see more layoffs at later stage cos as they figure out their strategy, e.g. Nextdoor did layoffs today.
Teams are laying off in their growth teams. Marketing, sales (the second bar), and BD/partnerships took hard hits. Teams are forced to lower their CAC (that includes ppl) to achieve more favorable unit economics. It shows in the data.