Founders

Interesting take on VC v Bootstrapped take home cash for founders.

TL;Dr - the math between the two is, on average, quite similar.

Warpcast

Farcaster @ EthDenver is going to be fun - make sure you sign up if you haven’t already!

BAE - Ben’s Channel

🪓 

117k down to 71K (-35%)

Feeling light, feeling fit.

Let the purge begin 👺

114k -> 71k

Burn away the dead wood. This is a good thing for everyone. WC is about relationships, not follower count.

venturecapital

Can you solve spam at the protocol-level?

1. Assumption: a credibly neutral decentralized social networking protocol is desirable.

2. In order to achieve "credibly neutral decentralization" for the protocol data it must be 1) replicated across many servers / nodes 2) user-controlled, i.e. the user does not have to rely on any other party to add / remove messages to the protocol 3) sign ups are permissionless.

3. This means that anyone (or AI) can sign up for an account and post whatever they want at the protocol level. Any compromise on this negates the goal of "credibly neutral decentralization" for the protocol data.

4. However, just because the protocol itself is credibly neutral and decentralized *does not mean* clients / apps have to be. In fact, opinionated filtering is desirable from a user experience point of view.

5. So the practical end state: protocol is as neutral as possible, clients / apps get to choose what to show from the protocol, building a client is permissionless.

Has anyone developed a market map of web3 / crypto products usable today by small businesses?

Science

“We took a step back and said ‘OK, let’s invent the transistor for the quantum age. What properties does it need to have?"

Returning to first principles to design the next quantum chip. I like it!

“We took a step back and said ‘OK, let’s invent the transistor for the quantum age. What properties does it need to have?"

Returning to first principles to design the next quantum chip. I like it!

https://news.microsoft.com/source/features/ai/microsofts-majorana-1-chip-carves-new-path-for-quantum-computing/

The ticker is SUP
The Superfluid token
The token that streams rewards

Building a world where everyone earns onchain, every second

Earn real-time programmatic rewards with our Season 1 Campaign

🌊

Cool concept.

Buttery smooth onboarding.

Forget the FUD. Play it out 5 years…what does the world look like as web3 converges fully with AI and gains mass adoption?

brypto

Let's forget about Hayden Davis / Libra FUD for a moment. 

Who are the most inspiring, mission-oriented leaders in web3 today?

How do you define a “pre-seed” round ?

PSA: there's a new scammer DC'ing people. There is no Warpcast token. Be careful.

“Assistants” I have configured and use regularly:
- market research partner
- target user(s) personas
- sector specific diligence partner
- contract lawyer
- negotiation partner 

I’ve tried unsuccessfully to create a financial analyst.

What am I missing?

When markets take a turn, keep your head up, batten down the hatches and just keep shipping. 

These things go in cycles.

What's one question you have about venture capital?

For anyone who wants to go raise a fund, here are a few things I’ve observed over the years investing as an LP:

Approach it just like a startup. 

1. Make sure you have a compelling and differentiated value prop.

2. Demonstrate traction (i.e., a track record with DPI, not just paper gains).

1/3

Memes

New Release: “The 4 Hour Grift Guide” by Javier Milei is now available for purchase at your local bookstore.

If I were starting a VC fund again today the one thing I would make sure is that I could spend as much time as possible thinking about tech, teams, markets and building very clear and predictive mental models for the current metagame of startups (and my team could do that too)

Garry Tan

Take note. ✏️

https://x.com/garrytan/status/1890169103450828860?s=46

Seed round valuations jump while round volume declines - both significantly. 

Investor competition for early access to avoid the massive mark-ups at the A is certainly a driving factor. 

My hunch is there's more going on - like startups raising a Seed having increasingly mature products, allowing for higher valuations, but also explaining why fewer are opting to raise. 

Thoughts?

Healthcare investor by day, web3/AI tinkerer by night. 🟪 Host: /venturecapital /theitinerant