what metric would be most impressive from a "FC is the new YC" — number of funding rounds? number of successful new projects that hit a certain milestone?

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I think those are great leading indicators

I think the capital formation rails are there, with more overall liquidity I think the financial terms could be competitive very quickly

Also a chicken and egg thing, have the battle is articulating why this is a consistently valuable ecosystem to invest in dealflow from

I like to emphasize the benefits of the social network as an incubator. Hard to compete on pure financial terms bc we are still so small. 

Things like: 

How many people met their cofounders here 

How many people started a company on or because of farcaster 

How many people launch in farcaster first 

Cc: @nounishprof who loves the fc is the new yc saying too and might have other thoughts

300 10m mcap tokens is 3B total val which is just 50% higher than ARH across all of farcaster.in (mostly $degen thought). seems doable. 

I see they also list # unicorns and their biggest companies by valuation

2016' class Etherean, The DAO survivor & terminally onchain degenerate regen.

given YC companies raise at $3-10m valuations, id say # of project tokens that reach $8m mcap & stay above it

to beat YC, there would need to be 300ish projects that do that every year, we are currently at 10ish?

prev founded rocketr.net, swish.id now exploring aiXcrypto identity ai. expired sprint car driver & energy data engineer. idol worship on shoni_eth.X

what’s your threshold of “successful” in order for a companies or founder to be counted for that number?

i raised the a16z startup school round off degen airdrop lol

i think it is the number of successful young founders and companies that come out of here- more shots on life changing goal