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basil
@itsbasil
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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nick
@nickysap
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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basil
@itsbasil
good poast
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