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Colton Dillion 🎩
@cadillion
Hey everyone, I have bad news: @hedgehog is shutting down at the end of this month. There will be an email going out in the morning, but I just published to the blog. If you want to read more about what's expected this month, the newsletter is here: https://blog.hedgehog.app/hedgehog-shutdown-letter-150/
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Cherry_BlossoⓂ️
@ansakrghtn
Please tell me why it's ending understandably
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Colton Dillion 🎩
@cadillion
The basic gist is that we couldn't find enough customers with enough assets to pay our bills. Why that is, I could write a few pages about, but the short version is that regulations in the US were unfriendly and it scared off a lot of traditional firms and HNWs that were otherwise interested in deploying capital.
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Kieran Daniels 🎩
@kdaniels.eth
Proud of you guys. Hedgehog is a valuable product and a great idea. This is a hard thing to navigate but the one door closing so another can open saying is real.
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Colton Dillion 🎩
@cadillion
Thanks fren, it's been tough to finally let it go, there's always another opportunity on the horizon, but the cost of foregoing other opportunities has just been growing over time. It'll be good to finally put it to rest.
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Kieran Daniels 🎩
@kdaniels.eth
lmao.. i knew you were at hedgehog and degen but just saw you worked out Acorns Our iOS consumer app was basically Acorns built on gnosis safe backend with yearn yield, using plaid/stripe and Wyre onramp. https://youtu.be/xVq3j6bSeKs
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Kieran Daniels 🎩
@kdaniels.eth
I raised $2m and built a consumer app on gnosis. It took us 3 years and we launched and it was working with plaid and Wyre etc. 6 weeks later FTX happened, our on-ramp got shutdown overnight and lead investor froze all deals (nothing to do with us) and I had to slowly accept it and wind down the company and not work elsewhere for 7 months. Once I finally let go it helped me understand that I can’t control everything and that sometimes timing rules everything in the end no matter how valuable things are. Stoked for you man! Upward and onward
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