10 years in crypto. Co-Founder @syndicateio ✺. Prev led web3/crypto @IDEOVC @IDEO @CitiVentures @Citi.
6 subscribed
May 12, 2022 • 24 tweets • 7 min read
1/ This week's events may become one of a few historic moments in crypto that not only ushers in a new protracted crypto bear market (12-18+ months)—but in time, leads to greater regulation, maturation, and ultimately the next (and even bigger) bull market.
Some insights...
2/ As a builder (@SyndicateDAO) and investor (@IDEOVC, @CitiVentures), I've been in crypto full-time for the last 8 years, since 2014.
To me, this is starting to have a very similar feeling to the breadth, scale, and impact that Mt Gox (2014) and ICOs (2017) had on the industry.
Dec 31, 2021 • 11 tweets • 3 min read
Ten predictions on web3 in 2022:
🧵
1/ BTC breaks $100k. ETH breaks ATH.
But 2022 will be the year of the “alts” in terms of returns as the web3 narrative gains significant traction and true believers.
1/ 100% agree that DAOs in of themselves & decentralized governance are not “the thing”.
But the structural unfair advantages that “DAO tech” offers (especially when paired with DeFi) and the applications they can enable will be revolutionary, very, very soon.
2/ Bitcoin, blockchains, crypto, DeFi & NFTs were all at one point misunderstood. Many of them are now well understood, but it’s important to remember they were once viewed very skeptically.
People now get DeFi. NFTs are getting there.
DAOs are still further behind IMO.
Why?
Mar 18, 2021 • 38 tweets • 30 min read
1/ Very excited to share that @WillPapper & I are launching @SyndicateDAO, a protocol & social network to democratize investing for all.
I will continue to be investing @IDEOVC (which led Syndicate's round) & am excited to continue to work with founders in my new combined role.
2/ In fact, because of what Syndicate is and enables, it's already led to many new relationships, collaborations & opportunities—I'm excited to continue investing at @IDEOVC & helping take the firm to new heights.
Especially since we believe Syndicate is the future of investing.
Dec 30, 2020 • 13 tweets • 3 min read
1/ Crypto’s biggest potential impact to society is in sustainably distributing wealth, capital & ownership to a larger % of the world.
This is also its biggest risk: crypto can exacerbate inequality if it is not made accessible to everyone—especially those who need it most.
2/ Inequality is growing to unsustainable levels comparable to that in the early 1900s prior to WWI & the 1700s prior to the French Revolution & sweeping changes throughout Europe.
The top 1% (~80M people) now owns the same amount of capital as the remaining 99% (~7.9B people).
Dec 5, 2020 • 16 tweets • 7 min read
How I learned Solidity programming in a month:
In April during lockdowns, I decided to invest in learning Solidity. Given that I haven't seriously coded beyond HTML in almost 20 years, it was daunting 😨
But it doesn't have to be hard or scary to get started.
Here's how 👇
1/ Latest Solidity Documentation
Here's all the latest dev stuff/updates to @ethereum Solidity. I search for things in here a lot when I'm trying to see how to do something very specific. Don't try to read this like a book. Just search for things in it.
2/ Is it nothing to think about? Or could it be laddering up to something more profound in 2021 and beyond in DeFi?
One view is that it's an innocuous thing (which could be true, for now). Another is that it'll take competitive strategy and game theory in crypto to a new level.
Jul 12, 2019 • 55 tweets • 38 min read
0/ THREAD: Yesterday, we @ideocolab announced our new Startup Studio to accelerate the world's best blockchain startups, in partnership with over 20 leading organizations and protocols.
In this thread, I’ll share why and how we decided to do this.
{THREAD} For a decentralized project to succeed, it needs:
1. Team 2. Vision 3. Governance & economic model 4. Plan 5. Capital 6. Service (usable in market) 7. Users
Not enough importance, energy, or discipline has been put into #7, nor how it affects #1-#6. I'll explain how...
1. Team.
Most projects don't have experienced product or design co-founders, or they hire a head of product or design too late.
Like startups today (e.g., Airbnb, Slack, Pinterest), bring them in at the beginning to balance deep tech with user-centric design.
Aug 31, 2018 • 12 tweets • 3 min read
1/ For years, people have been waiting and hoping for crypto's "Netscape" moment. The gateway to the web that brought the internet to the main stream.
IMHO, looking for the Netscape for the #crypto space is not a relevant or applicable analogy. Here's why...
2/ The way people imagine crypto's "Netscape moment" is very literal: as a window, gateway, or browser (just like Netscape) to easily acquire, save, and use crypto and access the decentralized web.
1/ In the early 2000s, @ideo pioneered a process for venture development referred to as the "3 Circles" of Desirability, Viability & Feasibility (ideou.com/blogs/inspirat…). #crypto has a long way to go across all, but right now it is really struggling with the first: Desirability.
2/ Desirability is the question of "Do people want it?" and asks, what is the unique value proposition? How do people hear about, learn, try, buy, use, love, and share it? What are its functional but also emotional benefits? How is it 10x better than the current user experience?
Aug 14, 2018 • 10 tweets • 3 min read
1/ Should we be that surprised with what's going on right now with #ETH and ICOs generally? This is what happens when you have $10B+ raised via ICOs in the last 12 months, no treasury management, no product (or users), and liquid/publicly traded market caps and "shares" (tokens).
2/ #crypto is great for the digital world, but for now (and some time), teams and their employees need fiat to pay for real, non-digital things like rent, food, services, transportation, etc.
Aug 6, 2018 • 9 tweets • 2 min read
There is a lot of excitement in “money tokens” and “privacy coins”, and while I agree that those are useful and valuable (to a point), my question is: how many different money and privacy coins does the world *actually* want and need? It’s greater than 1, but less than thousands.
2/ By comparison, today there are ~180 fiat currencies recognized by the U.N. representing ~$90 trillion, ~92% of which is digital.
Aug 3, 2018 • 8 tweets • 4 min read
1/ I believe the reason we are not seeing any movement in the price of #bitcoin from today's mega announcement from @NYSE@Starbucks@Microsoft@BCG is because #crypto now values delivery (scarce) over talk (abundant) fortune.com/longform/nyse-…2/ In traditional markets, public announcements are often made only after material results and impact are delivered, whereas in the crypto markets, public announcements have been used as a means to raise money (to start to build, execute, and deliver)
Aug 1, 2018 • 34 tweets • 10 min read
1/ Protocols, funds, and large #crypto companies are either thinking about or are in the process of launching their own incubators and startup accelerators. Some will be protocol specific; others will be agnostic. Here's the case for why and when this will/won't make sense.
2/ First off, while this is a new trend, history rhymes, and we may have seen this movie (or at least a similar one) before: the rise, fall, and refactoring of corporate innovation labs and corporate accelerator programs over the last 10 years.
6 subscribed