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CK

@cklosangeles

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460 Followers
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@cklosangeles
That's amazing! At some point I was super curious who would have worked on this app, turns out it was right under my nose lol
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@cklosangeles
Why didn't I know you were involved in PENUP? That was one of my favorite apps when I was using Galaxy Note!
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@cklosangeles
Gotta up my Farcaster game!
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@cklosangeles
Like water they want things for free
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@edatweets
Farcaster & Daimo shoutout from Vitalik at Eth Seoul! 🇰🇷
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John Wang
@johnwang.eth
I attended the SBF trial. It was one of the most mind-blowing experiences of my life. Seeing him get a 25 year sentence today is as surreal as it felt sitting right behind him in that courtroom. Here’s my story of that day:
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@cklosangeles
substance > naming
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@cklosangeles
who would have thought stripe was a payment processing API
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@cklosangeles
LA has massive disadvantage to become the next startup hub because it's too big and sprawled out
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@cklosangeles
There's immense power in writing things down on paper
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@cklosangeles
So pay close attention to the market and the comps. Keep in mind this works maybe only for the first check; from there, it's all about traction and metrics.
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@cklosangeles
In the same SAFE round, a 3-person team that's former Google and Meta engineers developing a new video creation LLM model could get $20mm premoney value. A solopreneur working on a consumer social app could get $2mm premoney value.
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@cklosangeles
Assuming there's no meaningful traction, the biggest factors would be the market condition (bull vs bear startup funding market) and the team composition
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@cklosangeles
For a pre-product, pre-traction team, valuation is almost completely arbitrary, i.e. a made up number - the biggest driver in this case would be "market rates" or "comps"
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@cklosangeles
Q: How do you define your company's valuation when you don't have any product or traction?
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@cklosangeles
swell handle!
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@cklosangeles
We're hiring our founding GTM manager (LA / CA preferred) https://creative-lipstick-198.notion.site/GTM-Community-Manager-abbc27b72ca643f7a07c095f4d448f63
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@cklosangeles
Start with watching some Youtube videos. In this day and age, everything is on Youtube :)
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@cklosangeles
If you're great at coding, you can build an MVP yourself If you're OK at coding, it still helps you communicate with real engineers At a minimum, you can learn Figma mockups, Framer, Bubble, or Flutterflow
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@cklosangeles
I wouldn't call myself a coder, but one of the best classes I took was object oriented programming - helped me understand how engineers think and design, and kept me from saying so much stupid BS
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