2217
David
@d #2217
Product builder and investor — @socialgraphvc
kindness, compassion, forgiveness
1355 Follower 703 Following
Everyone wants durable deals, but they are hard to come by.
Finding someone who is building their “life’s work” is something a few investors are able to see in their careers
Finding someone who is building their “life’s work” is something a few investors are able to see in their careers
A very simple image that shows a trend. Don’t sleep on apps.
Besides gaining market share, apps trade at lower multiples, and as infrastructure becomes more commoditized, apps have more ways of earning fees and paying less for blockspace
Thanks to @ryanwatkins
Besides gaining market share, apps trade at lower multiples, and as infrastructure becomes more commoditized, apps have more ways of earning fees and paying less for blockspace
Thanks to @ryanwatkins
The @latticefund report for the 2022 seed vintage was great. My favorites:
- 18% of the cohort has shut down, up from 13% in 2021.
- 12% of teams have follow-on funding, down from 50%
- 15% of projects have launched a token, down from 50%
- 3% of consumer projects found PMF, down from 4%
- Consumer teams were more likely to cease operations (22%), with nearly twice the percentage of teams shutting down compared to those in Infrastructure
Interesting to see how PMF barely correlated to follow-on funding
Read more: https://www.lattice.fund/writing-and-press/2022-seed-stage-retrospective
- 18% of the cohort has shut down, up from 13% in 2021.
- 12% of teams have follow-on funding, down from 50%
- 15% of projects have launched a token, down from 50%
- 3% of consumer projects found PMF, down from 4%
- Consumer teams were more likely to cease operations (22%), with nearly twice the percentage of teams shutting down compared to those in Infrastructure
Interesting to see how PMF barely correlated to follow-on funding
Read more: https://www.lattice.fund/writing-and-press/2022-seed-stage-retrospective
Guys does anyone have a spare code?
This Founders ep really resonated with how I felt while reading the Mr. Beast memo
At first I thought: “What can the so called Mr Beast teach me?”
Now, I know he’s shares traits with all major founders. He’s a part of a few in our generation
https://open.spotify.com/episode/0AcuJZAqaAfZr1U1yr1yZC?si=0nJSIWZ-TDK32FGuP8zBPA&t=1572&context=spotify%3Acollection%3Apodcasts%3Aepisodes
At first I thought: “What can the so called Mr Beast teach me?”
Now, I know he’s shares traits with all major founders. He’s a part of a few in our generation
https://open.spotify.com/episode/0AcuJZAqaAfZr1U1yr1yZC?si=0nJSIWZ-TDK32FGuP8zBPA&t=1572&context=spotify%3Acollection%3Apodcasts%3Aepisodes
@askgina.eth
Can you give a comp analysis of the metrics and valuation of the main bridges in crypto?
Please include Synapse, Across, Wormhole and their main stats!
Can you give a comp analysis of the metrics and valuation of the main bridges in crypto?
Please include Synapse, Across, Wormhole and their main stats!
Two types of investment errors:
1/ Errors of process: Minimize these, they are deterministic
2/ Errors of outcomes: Probabilistically, these are hard to fix
H/t: @santiagoroel and @loganjastremski
1/ Errors of process: Minimize these, they are deterministic
2/ Errors of outcomes: Probabilistically, these are hard to fix
H/t: @santiagoroel and @loganjastremski
Great read on how token models should be engineered. In this case, disrupting web2 marketplaces
“A period during the first year, if we plotted the growth rate forward, we would reach 1B users in three months…”
Guess the company?
Guess the company?
The actual understanding of a business comes after you invest
I see so many hands-off VCs throw away the opportunity to learn from amazing founders about how a space is evolving, from the inside
My curiosity just could not
I see so many hands-off VCs throw away the opportunity to learn from amazing founders about how a space is evolving, from the inside
My curiosity just could not
We judge founders based on their ability to ship product. Other factors do weight in, but being able to tick this box while using a founder's product is a refresher.
In a world where great consumer apps gamify even the tiniest experience, giving out small token incentives along the user journey will be one of the key mechanisms to disrupt web2 consumer apps...
Web proofs sound great in theory, let's see if building them is going to be as easy as it sounds
"Where it gets really interesting is when teams start using onchain incentives to meaningfully drive offchain behavior...
Music NFTs that in order to mint, the artist has to be in your 10 most listened to on Spotify
A $KIRKLAND memecoin that has weekly inflation claimable based on how much you spent at Costco
...
Retroactive rewards are good, proactive incentives are better"
Web proofs sound great in theory, let's see if building them is going to be as easy as it sounds
"Where it gets really interesting is when teams start using onchain incentives to meaningfully drive offchain behavior...
Music NFTs that in order to mint, the artist has to be in your 10 most listened to on Spotify
A $KIRKLAND memecoin that has weekly inflation claimable based on how much you spent at Costco
...
Retroactive rewards are good, proactive incentives are better"
EVERY CLICK IS A MIRACLE
Analyze each screen, each user interaction
Design accordingly
It’s hard, it takes time, but it’s worth it
h/t @nikitabier
Analyze each screen, each user interaction
Design accordingly
It’s hard, it takes time, but it’s worth it
h/t @nikitabier
“If Frank Slootman came in as CEO, what would be the 10 things he would do to turn a business around?”
After the GameStop crisis, Vlad came up with a list: Control burn, focus on the core, improve NPS.
An insight became clear: The more a customer traded, the less satisfied they were.
And even thought changing the product for LESS engagement harmed revenue, it actually increased NPS, which is the truest of north stars
Now Robinhood has positioned itself as a clear leader in retail and crypto
https://open.spotify.com/episode/0ExwTOizRGAexSTNGzk3jo?si=FQNLgqlSRZ-nGFqFTD2W7g&t=2969&context=spotify%3Ashow%3A22fi0RqfoBACCuQDv97wFO
After the GameStop crisis, Vlad came up with a list: Control burn, focus on the core, improve NPS.
An insight became clear: The more a customer traded, the less satisfied they were.
And even thought changing the product for LESS engagement harmed revenue, it actually increased NPS, which is the truest of north stars
Now Robinhood has positioned itself as a clear leader in retail and crypto
https://open.spotify.com/episode/0ExwTOizRGAexSTNGzk3jo?si=FQNLgqlSRZ-nGFqFTD2W7g&t=2969&context=spotify%3Ashow%3A22fi0RqfoBACCuQDv97wFO
24h left to submit your project to Bear Cage (think onchain Shark Tank)!
https://x.com/jakub_rusiecki/status/1827034151918440558
https://x.com/jakub_rusiecki/status/1827034151918440558
👷Are you building a social project at the earliest stage?
Introduce bear cage 🐻❄️
Pitch us, get exposure, earn a grant
It’s basically free marketing
More info:
https://x.com/jakub_rusiecki/status/1825995785235992882?s=46&t=jlO8oBVg4bsgKeZixII2Kg
Introduce bear cage 🐻❄️
Pitch us, get exposure, earn a grant
It’s basically free marketing
More info:
https://x.com/jakub_rusiecki/status/1825995785235992882?s=46&t=jlO8oBVg4bsgKeZixII2Kg
I was reading Morgan Housel’s latest book and the chapter on data gave me a shakeout
“The concept of economic value is simple: If someone wants it there’s value (independent of the motif)” - Per Bylund
Analyzing data is insightfully for the present, but you need to analyze stories for the future
“The concept of economic value is simple: If someone wants it there’s value (independent of the motif)” - Per Bylund
Analyzing data is insightfully for the present, but you need to analyze stories for the future
Hey! I just posted on #Untitled. ✏️
Take a look!
Take a look!
When SGV was founded, the space was a speck of dust.
Now we've had a glimpse of PMF, and the original thesis has been playing out.
Our thesis holds true more than ever, learn more about it:
https://paragraph.xyz/@socialgraphventures/thesis
Now we've had a glimpse of PMF, and the original thesis has been playing out.
Our thesis holds true more than ever, learn more about it:
https://paragraph.xyz/@socialgraphventures/thesis
A piece of wisdom from the Generalist’s newsletter:
“Limit your intake of low quality, ephemeral information like social media posts or irrelevant breaking news. Unlike hedgefunders or crypto traders, venture capitalists do not require fast twitch muscles… this type of information disrupts the climate within your skull”
Applicable to any type of long term endeavor. No need to be shaken
“Limit your intake of low quality, ephemeral information like social media posts or irrelevant breaking news. Unlike hedgefunders or crypto traders, venture capitalists do not require fast twitch muscles… this type of information disrupts the climate within your skull”
Applicable to any type of long term endeavor. No need to be shaken
@askgina.eth who recently launched their web3 social product on Farcaster and has gotten traction?