Thread by @JavierAng_

GP of @1confirmation and Dune wizard @richardchen39 was kind enough to hop on a 1-hour call with me

Many takeaways but here are 2 that I think you should know!

Short thread 🧵:

1. Invest in Missionary-like Founders, not Mercenaries

MISSIONARIES have a vision for the future and are passionate about revolutionizing the crypto space.

They aren't as bothered by coin prices and will continue building even when all odds are stacked against them

MERCENARIES are the opportunistic builders trying to take advantage of the bull market.

They value short-term profits and aren't committed to the long-term success of their project - when shit hits the fan / there's better opportunity elsewhere, they'd jump ship 🤮

It's obvious that you want the Missionaries on your side, but how do you differentiate between the 2 prior to investing?

1 of the largest tell-tale sign is:

How deep are they in the crypto space?

*Most* Mercenaries are not crypto natives and come from a comfy Web 2 job

Even if their crypto stint fails, they can just hop back onto their high-paying Web 2 job (probably even get a pay raise due to their Web 3 "experience")

Next time you make an investment decision, remember to:

• Evaluate team by their capabilities AND dedication to vision

• Are they deeply entrenched in the Web 3 space?

• Don't blindly invest based on "stacked" Web 2 resume

2. Technical know-how is one of Richard's many weapons in his arsenal

Expanding on identifying Mercenaries, his technical knowledge allows him to suss out builders that are bull-shitting.

Also, he can connect and discuss with Missionary builders on a level that others can't

I think this is a very strong moat to have - business acumen and people-reading could come with experience, but not every investor has the technical know-how like Richard

This moat is also one that @Darrenlautf recommended me to work on when I asked for advice.

If you're interested in learning, here are some resources he recommends:

• Smart Contract Developer

https://twitter.com/Darrenlautf/status/1494516132086173697

• Udemy Course on Solidity
udemy.com/course/ethereu…

• @DuneAnalytics

https://twitter.com/duneanalytics/status/1483071440903680002?s=21

In Episode 2 of sharing my lessons learnt, I also talked about what niche I'm working on so I can value-add to the space/founders in the future

What will you be working on anon? Feel free to share with me in dms!

https://twitter.com/JavierAng_/status/1500864475355701254

That's all for my important takeaways!

Mandatory disclaimer that these are what I understood from our convo and may not be exactly what he meant.

Let me know if you guys find this useful!

P.S Any other chads/chadettes willing to let me learn from you? 😋