basil on Warpcast

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https://warpcast.com/~/channel/midwits

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basil pfp

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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basil pfp

moreover when they do yap, they yap internally: they yap to lead, to motivate their socials are dead or ran by others & they care not about external acceptance or popularity they let their numbers speak for themselves & the best investors seek them out they post a succulent quarterly or even yearly note & then return to operations the best operators simply don’t care about anything else; they don’t listen to external noise, only to their stakeholders, only to other operators who have executed before them this is more apparent in their first 10 or 15 years of their journey but in tech, and specifically crypto, this is the norm: leaders must yap this is part of the grift; this is how you get funded; the VCs need to feel “inspired” forget about a good idea or lean executor; regurgitate old fred wilson posts mixed with current feed slop or hit me with an aphorism on how no one knows what they’re doing alas, here i am as a wannabe founder… yapping away :)

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androidsixteen pfp

@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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I don’t disagree. Unfortunately building an organic, grassroots movement is next to impossible in crypto now. It was once possible during the ICO era but as VCs started salivating at low float high FDV instant exit liquidity, capital formation became more difficult for bootstrapped founders. Every major launch is heavily manipulated (this is not an opinion) and the few breakout projects really have to struggle and grind to sustain their momentum. You also can’t be a competitor to something a VC-backed company has already built. There’s not enough liquidity to support a free market in this space, which is ultimately the most ironic thing about all this. Hence, building a massive, cult-like social following is one of the few ways to make it out the mud.

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@chasesommer.eth

Hmm so I have no experience leading a company, but I do feel like it’s important for the modern day leader I think @0xmert & @jessepollak both do well at “battling” online. It’s just feels like authentic marketing because you’re forced to confront opposing ideas in public. I’m assuming Mert like battling more than Jesse :P Jesse seems too nice to enjoy it. But either way, it does seem overall good to me. I don’t disagree with your sentiment though.

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Lior - Launch mode 👀

I can relate to this very much. but i ask myself - could it be the change and the characteristics of building today, where attention is the scarcest asset , and therefore founders need to be out there ? In the past building the tech would be the most complex thing. could this changes also change the 80/20 of founders focus ? disclaimer - i'm with you and always been leaning towards shipping stuff vs. talking about stuff. but i also feel how other founders that are good at communicating are carries over the waves of attention while others remain lonely in the desert of good products with less attetion p.s - this is part of the back story and inspiration that led me to work on ProductClank - how can anyone who like the social yapping part to help founders who simply wanna build

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Mike🎩 pfp

https://x.com/yekim_o/status/1883108082550497609?s=46&t=CLGThdwbaweJaMKckbGZIw

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Then you get someone genuinely building and it’s drowned out by the most simplistic, repeatable phrases possible. “Support builders” There’s no support unless you’re shilling something and others think it will get them rich. Anyway I am making @chatter-app https://www.chatter-app.dev/

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@baseddesigner.eth

yapping if done organically could only be a positive

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Win.k pfp

There’s truth to this but maybe founders need to balance the two.

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