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Nazan Kurt

@nkkurt

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205 Followers
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Nazan Kurt
@nkkurt
Traction is a trailing indicator. Defensibility is a leading one.
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Nazan Kurt
@nkkurt
The goal of any for-profit business is to create value. Value is driven by: •Market size (and its growth potential) •Long-term market share •Net profit margin A successful strategy boils down to optimizing one or more of these levers. (7 powers, H. Helmer)
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Nazan Kurt
@nkkurt
Becoming a ‘cornered resource’ is far more achievable as a team than alone. It’s paramount if you can find your crew. It isn’t just about personal growth—it’s the key to building something truly meaningful and making a game-changing impact.
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Nazan Kurt
@nkkurt
What would I invest in to build defensibility? For consumers: - a trusted brand they can rely on - network effects & deep ecosystem integrations - strategic partnerships that save costs & enhance UX —without compromising brand trust (e.g., avoiding security risks) For platforms: - a strong, recognizable brand - 10x better developer experience (DevEx) - the ability to attract and retain liquidity long-term
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Nazan Kurt
@nkkurt
In Web3, building a trusted brand is even more valuable. Open-source, permissionless innovation makes it given that a successful project will be forked—but trust, brand equity, and Lindy effects can’t be copied. In fact, forks often reinforce original’s position by validating its leadership.
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Nazan Kurt
@nkkurt
Margins without defensibility are invitations for forks.
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Nazan Kurt
@nkkurt
My 2nd startup was a team product which needed a top to bottom adoption. One angel investor we pitched to asked how many CEO friends do we, as founders, have. I was one of the first founders in my friend circle, and didn’t have (m)any and was a bit offended by the question initially but grew to appreciate it. (He also ended up investing.) Now I explicitly try help my friends to become successful CEOs. That’s the only way I can think of building that kind of a network.
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Nazan Kurt
@nkkurt
Taiko BCR with its multi proof system is pretty interesting. Considering that more rollups, especially optimistic rollups, will be looking into zk-fraud hybrid proof systems, it can be a good example to study. It’s even more surprising that such a hybrid approach is being tried by the ZKRs instead of ORs. https://t.co/0GyeUpeG8X
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Nazan Kurt
@nkkurt
Winning is overrated, if it’s not worth your time.
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Nazan Kurt
@nkkurt
The Founder’s Guide to UK Crypto Law demystifies legal & regulatory topics, helping Web3 founders build safely in the UK. by @superteam Also available at https://bento.me/superteamuk https://drive.google.com/file/d/1SvRIU3ON4FFUu-Dp0AOmerFs_xcQg7t-/view?usp=drivesdk
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Nazan Kurt
@nkkurt
- Cross chain interop through Chainlink’s CCIP - TradFi tokens issued on Project Diamond, regulated by ADGM (not available in the US) Big news accelerating institutional adoption of tokenized assets, starting in MENA https://cointelegraph.com/news/chainlink-coinbase-project-diamond-integration
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Nazan Kurt
@nkkurt
Just watched 1inch founder Sergej Kunz’s presentation at Paris Blockchain Week—no slide deck, just pure substance. Love seeing blockchain founders skip the fancy decks, especially for developer products. Are they a poor use of resources? Misaligned with the audience? For devs, the best storytelling is clarity and substance.
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Nazan Kurt
@nkkurt
Do you exit to fiat when you’re selling, esp. volatile assets, or to USDC, or else?
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Nazan Kurt
@nkkurt
We were raising our next round for Hype.day when the FTX Collapse happened, which eventually led to dissolving our startup. Looking back, it was one of the top market events impacted crypto, resulting in significant negative crypto adoption shocks and increased risk premia. It could have been a completely different story if instead it was a different time e.g. BlackRock ETF Launch. Part of it is luck, but the other part is building a business that can survive till the right market events/waves comes and how one leverages these major events.
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Nazan Kurt
@nkkurt
Any ideas on what is driving the ~6.5M of the ~9M accounts by @AlchemyPlatform Light Account, all on Polygon (light blue on the chart)?
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Nazan Kurt
@nkkurt
A pretty cool dashboard from @pimlico on AA stats by chains/bundlers and account factories: https://stats.pimlico.io/factories
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Nazan Kurt
@nkkurt
Your user acquisition costs and LTV determines how much you can afford to stick to your (web3) values.
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Nazan Kurt
@nkkurt
BTC is approaching $100K, and crypto is cool once again. But you can’t catch a wave by jumping on what’s cool every few years (guilty of it myself, though unintentional). Build expertise and be ready when the wave hits to increase the odds of your startup’s success.
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Nazan Kurt
@nkkurt
And your startup survives. Then you can optimize, build something awesome and all all you want
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Nazan Kurt
@nkkurt
Make money and don’t burn out
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