pintari

@pintar

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35 Followers

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At least some VCs managed to make this model works in terms of financial return. Most other types of fundings (grants, R&D, etc) haven't managed to captured the financial returns and hence, generally not sustainable without government/foundation backing.

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...... not just me looking at this... https://www.theblock.co/post/323003/farcasters-monthly-revenue-down-96-percent

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Way too long. Secondaries should become a norm.

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(10/10) On a positive note, Farcaster has only been live for just under a year. There is time to pivot and change. As an investor, I'll be keeping an eyes on apps that leverage Farcaster but don’t reference it at all. They should show clear obsession over consumers, not tech. The community already has enough tools so let’s stop obsessing over social graphs and find the uses first. Let’s analyse, aggregate or optimise later.

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(9/10) Even if Warpcast takes off, it will be an uphill battle to eventually generate cash. Social media is a tough business. Even Twitter hasn’t managed to consistently generate cash despite the brutal cost cutting.

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(8/10) So far, a lot of web3 mass adoption relies on economic incentives. Web2 people will not change their social media platform for the latest airdrop. They seek to connect with their community and grow their audience. Some strive to feel significant and influential. Those who came for money will leave when the $ is gone.

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(7/10) Why can't crypto natives lead us to mass adoption? A few conversations with Web2 friends will reveal that the industry is not seen as 'cool'. As an industry, I don’t think we can create the kind of exclusivity that inspires envy. On the contrary, we are often associated with anything but cool to web2…...😱

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(6/10) The ecosystems also need to focus on identifying a key group or tribe that can drive widespread adoption outside of crypto. Facebook started off with Ivy League students. Twitter gained strong support at the South by South West Interactive conference. Who will be Farcaster's moment?

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(5/10) 5 We need to stop putting tech first and start putting consumers first. The community needs to lead with consumer propositions, not some crypto-native ethos. While I believe we can only obtain sustainable success with better tech, the ‘platform shift’ will not happen without marrying the tech with a step-change in experience.

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(4/10) Don’t get me wrong, I’m excited by Farcaster (particularly Frame). However, we are too focused on building better tech. The majority of the projects cited by A16Z below are tools for creators and builders. Only a few of these projects bother to talk about the impact to consumer’s interests, trends and social connections.

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(3/10) Other Web3 social media that have found some success have also lost their steam.

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(2/10) revenue is dwindling despite the overall Web3 users hitting all-time high.

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(1/10) Despite securing 1.59m+ DAU in April, Farcaster is losing its steam with DAU falling ~65% from its peak to ~560k per day. Unique Cast (i.e. excl recast) is down from the peak of 73k to 35k (-52%).

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de Buyer all the way

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Fileverse pfp

ddocs.new <> Mobile 𓆏 Peer-to-peer collaboration on the go. Edit in real-time w/ peers, all directly in-browser! Unlike centr[Ḙ̴̮̬͊̕V̶̧͚́̉Į̵̛̺̾͆L̵̢̨͖̍̚]alised docs: - No account needed - No app to download - No tracking you across the web - ACCESSIBLE AF <3 Next: PWA for easier mobile access 👩‍🏭

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Robin A. pfp

If you are a founder, currently working on a pre-seed / seed project in Crypto and seeking fundraising now or in the near future: Comment below or message me directly :) 1. Project name 2. Stage 3. One liner 4. Website 🚀

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