Founders

focusing too much on current market size is always a mistake. The best companies create or significantly expand their market

imo friction is a major reason why more ~companies don't yet operate on the new open, global financial system

securing your money, fundraising, earning yield on idle cash, accepting payments, analyzing your customer base, even complying w local regulation (e.g. accounting, taxes) -- these things all have the potential to be 10+x better onchain than offchain, but they just aren't today. Working on it though

Tobi Lutke explains what the VCs who passed on Shopify got wrong

Tobi recounts pitching Shopify to VCs on Sand Hill Road a few years after founding Shopify.

Investors passed because they thought the addressable market was too small. At the time, there were about 40,000-50,000… https://t.co/OZSnXhtVFL

Startup Archive

focusing too much on current market size is always a mistake. The best companies create or significantly expand their market

imo friction is a major reason why more ~companies don't yet operate on the new open, global financial system

securing your money, fundraising, earning yield on idle cash, accepting payments, analyzing your customer base, even complying w local regulation (e.g. accounting, taxes) -- these things all have the potential to be 10+x better onchain than offchain, but they just aren't today. Working on it though

https://x.com/StartupArchive_/status/1779477221788561734

I wish there was a product for founders that was simply called "money"

- banking, payroll, frontend payments, accounting, etc etc

Have everything rolled into one service - and make it crypto native

Sounds like you're building this 👇 https://warpcast.com/vinayvasanji.eth/0x62130290

If so, count me in

everyname (acq. Q4 '23)

editor [redacted]