Zach

@zd

795 Following

4269 Followers

Zach pfp

the best nft project

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Zach pfp

tbf i don’t have a strong opinion yet (which is why i asked)

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Zach pfp

you didn’t answer my question sir

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Zach pfp

are you buying figma stock when they ipo? why or why not?

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Zach pfp

i get good vibes from the proof of personhood vision (and the mini app opportunity / how many users they already have today) i get bad vibes from sama / worry about a future where he tries to do some weird corporate structure stuff like he did with OAI (he says he learned what not to do but i’m not sure he did)

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Sean Thielen-Esparza pfp

Sean Thielen-Esparza

An uncomfortable truth: as a technology, crypto has proven to be too controversial for any use case outside of money

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Zach pfp

we’re all entitled to opinions, and i appreciate you sharing yours i don’t agree :)

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Zach pfp

you said “i hope im not desperate enough to pretend an ai is my friend” that implies there are people pretending ai is their friend, and that they’re desperate am i missing something?

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Zach pfp

> if you owned some basic AI seo website two years ago and you moved with the market you did great no, you did average by definition > sure if you want to beat the s&p500 or whatever benchmark with capital, that's different how? isn’t that the goal? > i think starting a business that's beta to the market isn't bad if it grows and does well what about the opportunity cost of your time? > don't think there's a superior way to operate generally i agree - but when talking about alpha and beta, alpha is *literally* a measure of outperformance and beta is *literally* a measure of volatility vs the market; hard for me to see why every company is “equally good” when we’re talking about ways to measure performance relative to each other and the market at large

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Zach pfp

1. neil and i aren’t talking about 99% of people; we’re talking about 1% of people who build great businesses (not good ones, great ones) 2. “beating the market” is the barometer with which we measure “quality of business”; without quantifying it, we’re using lossy terms 3. if you don’t want to beat the S&P, don’t start a business; just buy the S&P i’m still not seeing why a business that performs the same as the market is fundamentally “good” if anything, it’s *literally* average, and if the goal is average returns, why not just park your money in an index fund?

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Elan Miller pfp

Product vs. Brand marketing

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Zach pfp

are you making these with gpt? or figma?

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Zach pfp

i think i'm misunderstanding what you're saying, or maybe we're using different definitions of "alpha" and "beta" in finance terms: - beta = how much an asset/company moves with the market - alpha = how much that asset/company *outperforms* beyond what beta would predict so every company "has a beta" - if a company's beta = 1, it moves exactly w the market - if beta > 1, more volatile than the market - if beta < 1, less volatile than the market - if beta = 0, uncorrelated - if beta < 0, moves *opposite* the market just buying the S&P gives you beta alpha is what you're chasing when you pick winners (a winning coin, a winning stock, etc) hence why i'm saying it's not worth striving for beta (as a founder, or as an investor) it's only worth striving for alpha bc that's where real returns come from

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Zach pfp

sounds like you need to touch some grass my friend 🫂

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Zach pfp

so glad you're enjoying it! i think your original cast's framing is clever, but may be missing neil's point tho: he's not talking about "starting companies as beta to trends" he's talking about how most companies are mid, and greenoaks is looking for companies that provide jaw dropping customer experiences (JDCEs) his core idea isn't about market correlation, but about *lack of innovation* in the average company - they default to market tailwinds - they're "me-too" products that don't create anything new or hard - they're just... forgettable i don’t think this quote is something worth striving towards; if anything, quite the opposite

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Zach pfp

i got $CREDS did you?

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Chromuh✈️🎩 pfp

Chromuh✈️🎩

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Presto Intern pfp

here's your creds token, all set and ready to go on base ca: 0xeaBC7d91BE7b79C551e890079e76ecAC75c8E61A link: https://presto.so/tokens/0xeaBC7d91BE7b79C551e890079e76ecAC75c8E61A your launch is complete with 100b supply and uniswap v4 liquidity pool as requested. you can check out all the details at the link above.

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Chromuh✈️🎩 pfp

Chromuh✈️🎩

@prestointern launch $CREDS

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Zach pfp

i see you started listening to neil ;)

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