Clujso (David)

@d

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“Any year that you don’t destroy one of your best loved ideas is probably a wasted year” Who said this?

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Nomad Capital: The best firm you don’t know From 2009 through 2013, Nomad returned 404%. And in less than 13 years operating, the fund returned 921% before fees How?

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A lot to learn from Zach Abrams (Bridge cofounder) “We’re a very unique team: early Square, Coinbase. We have 50 employees and there’s no management structure. Everyone is senior enough to work independently.” Inverting this: spending time optimizing org structure is a waste of time.

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Sometimes you just need to zoom out Source: Bitwise

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It's the simple design decisions that go a long way https://x.com/2irl4u/status/1853526790070849649

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Randomly stumbled upon the BranchOut story while revisiting 7 powers: June 2010. Rick Marini, 2x founder with a 100M exit, decided to tackle on LinkedIn through the open social graph Facebook had. He easily raised a 6M series A led by Accel. By that time, LinkedIn already had 70M users. BranchOut users in 11Q1 went from 10k to 500k, they raised another round totaling 49M in funding — all while LinkedIn IPOd By spring 2012, users peaked to 14M, but then, they dropped “Few of BranchOut users where truly engaged, when FB banned the spammy wall post method, BranchOut churn outpaced it’s growth” In 2014, Hearst acquired the assets and team for a fraction Morale of the story: Users don’t want to mix up social graphs. In this case, each additional user that signed up detracted value for the rest Applying a similar logic, how do web3 social protocols survive if people don’t want to mix social graphs? Multiple decentralized identities + multiple social protocols + different clients

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For founders struggling with growth vs. product, from Revolut’s CGO: “Product builds the machine, and growth operates it” Dissecting it, product is building internal tools with custom parameters, which the growth team is able to operate on a daily basis, measure, and test

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Everyone wants durable deals, but they are hard to come by. Finding someone who is building their “life’s work” is something a few investors are able to see in their careers

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A very simple image that shows a trend. Don’t sleep on apps. Besides gaining market share, apps trade at lower multiples, and as infrastructure becomes more commoditized, apps have more ways of earning fees and paying less for blockspace Thanks to @ryanwatkins

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The @latticefund report for the 2022 seed vintage was great. My favorites: - 18% of the cohort has shut down, up from 13% in 2021. - 12% of teams have follow-on funding, down from 50% - 15% of projects have launched a token, down from 50% - 3% of consumer projects found PMF, down from 4% - Consumer teams were more likely to cease operations (22%), with nearly twice the percentage of teams shutting down compared to those in Infrastructure Interesting to see how PMF barely correlated to follow-on funding Read more: https://www.lattice.fund/writing-and-press/2022-seed-stage-retrospective

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We also do a fun Q&A with @kimmo on how to keep the product evolving fast 🏎️

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Guys does anyone have a spare code?

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This Founders ep really resonated with how I felt while reading the Mr. Beast memo At first I thought: “What can the so called Mr Beast teach me?” Now, I know he’s shares traits with all major founders. He’s a part of a few in our generation https://open.spotify.com/episode/0AcuJZAqaAfZr1U1yr1yZC?si=0nJSIWZ-TDK32FGuP8zBPA&t=1572&context=spotify%3Acollection%3Apodcasts%3Aepisodes

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@askgina.eth Can you give a comp analysis of the metrics and valuation of the main bridges in crypto? Please include Synapse, Across, Wormhole and their main stats!

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Two types of investment errors: 1/ Errors of process: Minimize these, they are deterministic 2/ Errors of outcomes: Probabilistically, these are hard to fix H/t: @santiagoroel and @loganjastremski

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Great read on how token models should be engineered. In this case, disrupting web2 marketplaces

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“A period during the first year, if we plotted the growth rate forward, we would reach 1B users in three months…” Guess the company?

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@neynar’s internal OS keeps surprising me Read the Q&A to understand: How do they ship so fast? How do they gather user feedback?

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The actual understanding of a business comes after you invest I see so many hands-off VCs throw away the opportunity to learn from amazing founders about how a space is evolving, from the inside My curiosity just could not

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We judge founders based on their ability to ship product. Other factors do weight in, but being able to tick this box while using a founder's product is a refresher.

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