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basil
@itsbasil
this one will get a lot of hate & disagreement but i think one of the biggest mistakes this industry has made is funding yappers, ie., VCs funding thinkbois & founders thinking they need to post multiple times a day & have an opinion on everything to remain relevant this leans somewhat into the overblown concept & emphasis surrounding attention do you think zuck or bezos or jobs or whoever where posting over intellectualized opinions & daily learnings in their early days still to this day, the vast majority of our most effective ceos & founders do not do this—most don’t even want to provide opinions on earnings calls: they want to stick to operations, they want to be black & white outside of one or two 30-minute conference chats a year, which from my experience, most tend to loathe anyway, leaders do not yap; they run companies not until these leaders have successfully exited a multi decade run do they even entertain a book or sharing their learnings this industry conflates the two
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androidsixteen
@androidsixteen.eth
It’s not a mistake, it’s by design Yappers are the best at pumping tokens — so capital allocation in a meta where token launches precede product development becomes a search for big talkers who can keep sentiment (read: price) up It’s “the market is a voting machine” due to short time horizons
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basil
@itsbasil
we used to buy influencers; now they are our founders—sad, kind of how does it go: first build a following, then you can do whatever you want i stand by: attention is fleeting, build for it & you’ll churn
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