/lounge Day 5

Can you build a venture scale business on Farcaster today?

What makes you believe that?

No. 

Venture *scale* businesses in crypto are few- CeFi exchanges, marketplaces, couple L1s/L2s, and some tooling required to support / police them.

But to be venture *backed*, you can either a) be venture scale, b) dump tokens on retail, or c) be able to tell a convincing story that someday you will do a and/or b.

Identity mixologist

Co-founder at @icebreaker

icbk.me/web3pm.fc

Basically offers a ton of benefits, particularly around distribution and identity, that are super annoying to bootstrap yourself while building a company.

Wouldn't be surprised if 50% of the future's venture-scale crypto businesses are being built on or around Farcaster today.

However as with any tech revolution, the biggest opportunity is in being right early enough to be nonconsensus but late enough to become consensus.

Farcaster ecosystem is super interesting bc:
- tip of spear among builders
- novel distribution channels
- interoperable identity, content, messaging
- path to 100x'ing