this feels like farcaster / ethereum / base right now

many (more) such cases

don't let short term opinions push you off the mission

people hate on builders that stay focused on one product for years but praise teams that hop from trend to trend.

its a weird paradox. feels like teams that chase trends get applauded for being adaptive and trendsetting while the ones who stay locked in get dismissed for moving…

Mike

this feels like farcaster / ethereum / base right now

many (more) such cases

don't let short term opinions push you off the mission 

https://x.com/yekiM_o/status/1887895839063871968

researching onchain | writing tomu.xyz founded overgie.com mintgate.io | nf.td/tomu

ya and obviously nuanced - pivots can be great, tokens can be great but think some people and investors are selling out too much

sadly, attention always wins, if you can launch a token that goes to mil val, you're in the spotlight

Bad VCs are like the dog from Up — anytime there’s a new idea they go, “SQUIRREL!” and then lose interest a month or two later

In 2024, in FC land alone, we got thot leadership on frames, L3s, memecoins pt 1, agents, memecoins pt 2, solana, the list goes on

Good investors are a lot quieter and don’t bite on market pump fakes

Related -- unclear which one is the chicken / egg. Bad capital allocators seem equally fickle, and that creates a perverse incentive for builders. The worst builders pander to it, and launch tokens that make them and their investors rich at retail's cost

Shitty game and hope it's just a hallmark of the (ending) financial capital era, before we move to production capital where time horizons are aligned across investors, builders and customers

Related -- unclear which one is the chicken / egg. Bad capital allocators seem equally fickle, and that creates a perverse incentive for builders. The worst builders pander to it, and launch tokens that make them and their investors rich at retail's cost

Shitty game and hope it's just a hallmark of the (ending) financial capital era, before we move to production capital where time horizons are aligned across investors, builders and customers

https://warpcast.com/androidsixteen.eth/0xb1470f9f

Unironically I blame emerging fund managers. They’re optimizing for their own jobs - need write ups and TVPI, but don’t care about the actual half future.