J.eth.id 🎩🧑‍🌾 @ethxy pfp

J.eth.id 🎩🧑‍🌾 @ethxy

@jethid

642 Following
10769 Followers
J.eth.id 🎩🧑‍🌾 @ethxy pfp
I've found the closest analog to these early years of crypto were the early years of social media. Discovering extremely powerful emotional responses triggered from a CRUD database was like discovering nuclear power from these tiny pellets of uranium. This echos the powerful incentivization enabled by the discovery of digital scarcity. Back in 2006-2012 you had thousands of startups of various sizes building all sorts of variations of social media. In my YC batch during this period, half the startups were working on mobile social media apps of some sort. (SoLoMo, MoLoSo, etc.). There were plenty of high concept, big raise startups that were pure narrative and crashed. There were weekend projects that ended up gaining viral traction and raising VC funding within 72 hours of launch. (Remember Yo?).
5 replies
22 recasts
105 reactions
J.eth.id 🎩🧑‍🌾 @ethxy pfp
0 reply
1 recast
3 reactions
J.eth.id 🎩🧑‍🌾 @ethxy pfp
0 reply
0 recast
15 reactions
J.eth.id 🎩🧑‍🌾 @ethxy pfp
0 reply
1 recast
3 reactions
J.eth.id 🎩🧑‍🌾 @ethxy pfp
0 reply
0 recast
5 reactions
J.eth.id 🎩🧑‍🌾 @ethxy pfp
0 reply
2 recasts
10 reactions
J.eth.id 🎩🧑‍🌾 @ethxy pfp
1 reply
1 recast
4 reactions
J.eth.id 🎩🧑‍🌾 @ethxy pfp
1 reply
0 recast
4 reactions
J.eth.id 🎩🧑‍🌾 @ethxy pfp
0 reply
0 recast
4 reactions
J.eth.id 🎩🧑‍🌾 @ethxy pfp
At Y Combinator, the 3 month program ends with a "Demo Day" where startups present what they've worked on to investors to raise a round. Founders describe it as one of the most intense periods of work where they want to utilize "the most leveraged days of their lives" to the fullest. It's a sharp contrast of atmosphere to 6 months after Demo Day where everything seems slow with a cloud of gloom that feels like it fills the room. I was curious if its possible to reawaken the same energy that led up to Demo Day. Having being through a few "demo days", I think the biggest motivating factor is just not looking bad in public. The pain of social embarrassment spurns a ridiculous dynamo of energy that keeps you up squeezing that last bit of juice. The prospect of getting instant gratification for each marginal goodness is intoxicating compared to the mundanity that is months of no-man's land startup sloggery. https://x.com/j_eth_id/status/1851543506252140964
1 reply
2 recasts
8 reactions
J.eth.id 🎩🧑‍🌾 @ethxy pfp
The future of consumer startups is the equivalent of the Food Truck -> Permanent Restaurant -> National Brand pathway. Halal Guys of NYC comes to mind. 🚚 Food Truck Stage - 1-3 team members with off the charts agency. - Raised $0-$2M funding. Team has been able to convince some investors that team is special and bankable. - Seasoned chefs (formerly cooking for large consumer companies) disillusioned with the impersonal, corporatized food they're cooking leave to make their own food truck. - Utilize Vercel, Supabase, other powerful off-the-shelf services to launch. Off-the-shelf food trucks in 2024 are like state-of-the-art kitchens of 2018. - Super opinionated dishes of food with unique tastes that can't be imitated. Food truck drives around gathers a cult following. - Chefs are uninhibited by PM's / "corporate management" / focus groups. They cook only what they want to cook. https://x.com/j_eth_id/status/1850939313154031861
2 replies
1 recast
9 reactions
J.eth.id 🎩🧑‍🌾 @ethxy pfp
0 reply
1 recast
1 reaction
J.eth.id 🎩🧑‍🌾 @ethxy pfp
0 reply
0 recast
3 reactions
J.eth.id 🎩🧑‍🌾 @ethxy pfp
0 reply
0 recast
3 reactions
J.eth.id 🎩🧑‍🌾 @ethxy pfp
0 reply
12 recasts
53 reactions
J.eth.id 🎩🧑‍🌾 @ethxy pfp
1 reply
0 recast
0 reaction
J.eth.id 🎩🧑‍🌾 @ethxy pfp
0 reply
0 recast
6 reactions
J.eth.id 🎩🧑‍🌾 @ethxy pfp
0 reply
0 recast
0 reaction
J.eth.id 🎩🧑‍🌾 @ethxy pfp
0 reply
0 recast
0 reaction
J.eth.id 🎩🧑‍🌾 @ethxy pfp
I think as founders we rationally fear launches as it feels like the make or break moment for months of hard work. Hitting "launch" for our latest EthXY product felt very similar to going "all-in" in poker. When you do so, you ironically surrender all your power and you're at the mercy of the markets. It's perhaps the most risky thing to do to your self-perception and is the reason why so few people do it. It’s a lot easier to be complacent with constantly building and never launching. I can’t express how excited we are at the awesome reception we’ve gotten. Now that we’ve proven that our onboarding mechanism works well, we’re looking to quickly ship the full experience on top of that foundation. This is the thrilling payoff that justifies the risk: the glowing feeling of people using (and loving) what you’ve made. I think the future is bright for EthXY. (https://ethxy.com)
0 reply
0 recast
13 reactions