We have a massive old oak tree in the front yard. 

I want to install a delux treehouse / ADU. My wife says ‘no way’.

What do you think?

That feeling when the $5 USDC reward notif hits your feed.

https://frame.weponder.io/api/questions/5a12cba3-277c-4567-b730-f7a0636f0691

Want to help grow Farcaster? 

There are two things you can do: 

1. Reply to 10 people you don’t know (reduce churn)

2. Invite new friends

Are there any current MBA students on here? Drop a comment below. 

I want to run something by you.

If you're so inclined, please re-cast for visibility. 🫡

https://frame.weponder.io/api/polls/12487

mid crypto vc on twitter:

"in order to onboard the next billion, we need to abstract away the complexity of crypto"

Who knew… there are brilliant insights on CT 🙄

What adventures do you have planned this weekend?

Community engagement tools for Farcaster & Lens · canvass.fun

What's the average cost to develop a Cast Action?  Frame?

Bearish on YCs turn to the military industrial complex. It basically means that they've given up on trying to create 0-to-1 paradigm shifting products and would rather sucks on the pentagon's teat.

https://x.com/ycombinator/status/1832131654447722545?t=PJszKEEX5MHwnMDLGGEOfQ&s=19

Thoughts on YC’s move into defense tech?

venturecapital

New-ish habit post $degen: you post bangers in /venturecapital, I gift warps.

Great read on the logjam (+1400) of private unicorns waiting for some sort of exit. "Hot 2021" deals that raised at ~100x ARR find it practically impossible to find a good outcome when public comps are ~6.3xEV/NTM. Multiple compression has also crushed growth stage investing and we continue to be at an impasse until these get flushed through the system https://eastwind.substack.com/p/zombiecalypse-in-startupland?r=5j48v&utm_source=substack&utm_medium=email

Multiples expansion prints money out of thin air in bull markets, and multiples contraction evaporates it in bears. 🐻

Lets conduct a thought experiment.

Imagine ChatGPT is only accessible via Membership in a hypothetical OpenAI community.

There are only 10 million Memberships. They can be bought / sold on the open market.

How much would people pay for a Membership?

What tech powers purple’s “like to vote” functionality?

I’ve been thinking about marketplaces a lot lately.

One recent observation is that the value of a marketplace is often correlated to the potential upside for the supply side. For example, the average Airbnb ($72B) host earns way more than the average Poshmark ($1B) seller.

Potential upside is also often correlated to supply-side frequency and retention. A Door Dasher earning a part-time to full-time living on the platform is much more likely to return than a parent selling their kid's bike on Craiglist.

Interesting breakdown. I wonder whether this would extend to investing/fundraising marketplaces?

It’s not obvious to me that it would.

https://frame.weponder.io/api/polls/11885

Principal at Cobalt Ventures. Write @ TheItinerant.io ; BenErsing.com Host: /venturecapital /finance /adventures

Ben 🟪

@benersing