Shaan Puri Profile picture
Oct 29, 2021 13 tweets 3 min read Read on X
Hot take: Everyone is wrong about the Metaverse.

here's my 3 part theory..
Part I - Everyone is wrong

Most people think "the metaverse" is a virtual place.

Like in the movie Ready Player One.

A virtual world, like Minecraft, Roblox, or like Zuck showed in the facebook demo yesterday.

But what if it's not a place?
Part II - It's Not a Place, It's a Time

A time? wtf?

Yes, a moment in time.

You know in artificial intelligence, there's an idea of "the singularity"?

It's a moment in time where AI becomes smarter than humans. The moment when artificial intelligence > human intelligence
Part III - What it is

The metaverse is the moment in time where our digital life is worth more to us than our phsyical life.

This is not an overnight change. Or an invention by some steve jobs type.

It's a gradual change that's been happening for 20 yrs
Every important part of life is going digital.

Work --> from factories to laptops. boardrooms to zooms.

Friends --> from neighbors to followers. Where do you find like minded people? Twitter. Reddit. etc.

Games --> more kids play fortnite than basketball & football combined.
Identity --> filters are the new makeup. Stories are your personal billboard to broadcast who you are.

What matters more. What you look like in real life? or what you look like on instagram?

The pic on the left is what they see, so it's what matters. Image
Everything goes digital. Your friends, your job, your identity.

And now with crypto, your assets are online too.

Bored Apes are the new Rolex.

Fortnite skins are the new skinny jeans.

If everyone hangs out online all the time, then your flexes need to be digital.
So if you play this forward another 10-20 years - we will cross into the metaverse

The moment in time where digital matters more to us than physical.

Our attention used to be 99% on our phsysical environment.

TVs dropped that to 85%
Computers down to 70%
Phones.. 50%
our attention has been sucked from physical to digital.

And where attention goes, energy flows.

If 50% of our attention is on our digital screen, then 50% of our energy will go to our digital life.

Today it takes some effort to take our phone out of pocket and look at it.
Soon, some company will make smart glasses that sit in front of our eyes all day.

We will go from 50% attention on screens to ~90%+

That's the moment in time when the metaverse starts.
Because at that moment, our virtual life will become more important than our real life.
Is this a good or a bad thing?

Like anything, it's neither good nor bad. It's just a thing.

A very different thing.
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this thread went viral, but I forgot to add two things:

1) Nobody will call it the "metaverse" in a few years. That's like in 1997 people used to call the internet the "information superhighway" and "cyberspace"

2) except pooping. we'll all still poop in the real world

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More from @ShaanVP

Jul 1, 2023
for the past 10 years, I've kept a scratchpad of notes called "money wisdom"

anytime I read, heard, or learned something wise about wealth - I wrote it down... here they are:
THE RICH AREN'T JUST "LUCKY"

Pretend we took all the money, and re-distributed it equally. Everyone got $100,000.

Within 10 years, the rich people would be rich again.

wealth building is a skill that can be learned.

For most people, they need to make 3 small shifts..
quick story - a man wants to learn golf.

He buys clubs, and starts hitting balls at the driving range.

The balls go left, right, center. He can't control it.

He sees a coach teaching a kid nearby. He walks over and hires the coach. First lesson tomorrow.
Read 28 tweets
Jun 29, 2023
I got greedy.

For 5 years I've watched @awilkinson & @XavierHelgesen build $100M+ empires "buying businesses"

I love those guys. Invested in both.

But if you sit around a barber shop too long. You'll end up with a haircut.

Here's the story of me buying my first business..
It's Jan 1. I call @benmlevy

Ben - no more startup shit.

Huh?

No new ideas.

We're buying businesses.

And we're not tip-toeing in. We're going balls deep.

New slogan: "We put the privates in private equity"
I start looking for companies for sale.

Shopify App for sale, $2.1m revenue.

Revenue? What is this, a school for ants?

I need profits. cash flow.

I book an appointment with my tattoo guy. Image
Read 13 tweets
Mar 24, 2023
One of the most painful parts of being a founder, is begging for intros or cold-emailing into the abyss trying to get in front of investors

Especially if you're an outsider or first time investor.

A few months ago, my buddy @julian had a great idea on how to fix that.
When I was applying to college, California came out with the "common app"

One application, and you've applied to all UC schools.

What if we did that for startups?

One pitch, raise your seed round from 15 badass investors?

Enter - SeedChecks.com
If you're going to raise a seed round, you want:

- former founders
- who have big audiences
- who write checks and make decisions fast

Why not apply once, and get your idea in front of all 15 at once?

No cold emails, no sliding into DMs, no begging for intros
Read 5 tweets
Dec 16, 2022
I just sold my 2nd company! (@MilkRoadDaily)

super happy.

- grew from zero to 250,000 readers in less than 1 year
- self funded & profitable even w/ crypto crash
- biggest daily crypto newsletter

here's how it happened..
Me and Ben decide we want to start a crypto business.

But we're too dumb to do anything fancy.

So we stick to what we know.

Writing.

Let's make a newsletter that summarizes "what happened in crypto today?"
inspired by my buddy @thesamparr who I got to watch step-by-step build @TheHustle from scratch over several years.

I felt like I could copy+pasta his blueprint, but for crypto.

(lesson: be friends with winners, then learn from them)
Read 13 tweets
Nov 9, 2022
This year I learned that there is no"smart money"

A16z, Sequioa, Chamath, Tiger, Tribe Capital, Coatue, Softbank, Paradigm, Ark, 3AC, Alameda, FTX, etc..

all made terrible financial decisions, at huge size.

and yet - most will get richer.
They play a rigged game.

chamath made bank off his shitty spacs as a promoter

& funds managing billions will make hundreds of millions in fees as a REWARD for losing their investors money
they didn't just invest in companies that started to underperform

they invested huge amounts ($50M to $500M) into fundamentally flawed assets
Read 4 tweets
Nov 8, 2022
Here's the 30 second summary of the FTX drama that is blowing up in crypto.

1/ How FTX (a multi billion dollar co) almost died overnight

2/ And why this is a god tier strategic move by @cz_binance
OK so it starts years ago. Binance was an early investor in FTX
But FTX starts growing like crazy. They become the #2 biggest exchange

Steph curry, tom brady, they cut huge marketing deals.

SBF becomes the famous "fro of crypto" Image
Read 23 tweets

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