Bimoo

@kienfam·2 days ago

Dubai is great

But I want to go back home and start working

Trench warriors on @base

I am in your dms soon

@kienfam·2 days ago

Almost everyone asked me why I am building on Base

My honest answer is that

I like underdogs

Things can change pretty fast in crypto

We just need one app

@kienfam·4 days ago

Crypto founders must face the truth: if their product is speculative, hype can end anytime.

@kienfam·20:06 27/04/2025

Don’t overcharge

If there is a potential to make more

Get the deal and make them pay later

@kienfam·18:56 27/04/2025

got a lil pengu, so I can get into token2049 side events

https://imagedelivery.net/BXluQx4ige9GuW0Ia56BHw/4d573afb-f700-4148-8dd3-8d67d337a100/original

@kienfam·18:21 26/04/2025

I have a new "dream":

to see the end of the world when I'm over 100.

ofc not wishing it to happen, but I think it will

@kienfam·07:16 26/04/2025

don't postpone all the good things after pmf

it may never happen

reward yourself sometimes with something small

@kienfam·09:48 25/04/2025

Venting

Going to Dubai and there are so many russians in my plane, some sit next to me

And why the fuck they talk to me in russian when I am asian

Ofc I am angry, cuz they hitting our cities every day

@kienfam·01:49 25/04/2025

so is it raydium vs meteors vs pump?

@kienfam·17:37 21/04/2025

How ai will change trading?

Or how it’s changing trading?

@kienfam·14:50 21/04/2025

to all the founders raising out there

valuation is not the validation

https://www.linkedin.com/posts/itamarnovick_startuplessons-venturecapital-founderadvice-activity-7318706062545539072-wPdX?utm_medium=ios_app&rcm=ACoAAApWJ0kBFAbAKwYYR3E3YAp6erTmzGErSA0&utm_source=social_share_send&utm_campaign=copy_link

#startuplessons #venturecapital #founderadvice | Itamar Novick | 284 comments

"I'm shutting down after raising at a $85M valuation. My biggest mistake? Taking the highest valuation." A founder shared this with me over coffee last week as he prepared to lay off his final 45 employees. After 6 years, 3 funding rounds, and countless sacrifices, his journey was ending not with an exit, but with a wind-down. This is the valuation trap that's claimed more startups than anyone talks about. Here's exactly how it happened: - Started with reasonable seed round ($3M at $15M cap) - For Series A, had 4 term sheets ranging from $12M at $50M pre to $15M at $90M pre - Chose the highest valuation, generating massive PR and industry buzz - Subsequent product delays (normal startup turbulence) - Suddenly needed to raise again, but at 2X the previous valuation - No takers at the new price, no appetite for a flat or down round This is how your company dies. "I thought the higher valuation was validation," he told me. "Now I realize it was just a noose tightening around my neck with every setback." The rarely discussed truth: a large portion of his cap table was filled with momentum investors whose entire strategy was simple: - Inject capital at high valuations - Hype the company to their VC friends - Flip to the next investor at an even higher price Repeat When that music stopped, these investors vanished. No support, no help, no follow-on capital. Founders see high valuations as validation. Smart founders see them as expectations that must be met - or else. I've now watched this same scene play out with 5 different companies in my network. One founder put it perfectly: "I didn't realize I was being set up to fail until it was too late. That $80M valuation wasn't a compliment - it was a hurdle I could never clear." The often-ignored wisdom: - Valuation is not validation - it's a promise of future performance - Choose investors for the down rounds, not the up rounds - A reasonable valuation gives you room to stumble and recover The right investors at the right valuation will stick with you when things get hard. The rest will just move on to the next shiny object. #StartupLessons #VentureCapital #FounderAdvice | 284 comments on LinkedIn

@kienfam·14:48 21/04/2025

it feels like the content on Warpcast is more about entertainment and social as oppose to the information that provide insights, learnings, alpha

@kienfam·04:45 20/04/2025

top coins from Zora

make your own conclusions

https://imagedelivery.net/BXluQx4ige9GuW0Ia56BHw/09c2630a-e3a4-47d4-8138-79194fe87700/original

@kienfam·02:13 20/04/2025

rented out an apartment for the next 6 months

feels different knowing that I will live in one place for so long

excited for the new chapter of my life

before that gonna visit token2049, are you around?

@kienfam·07:45 15/04/2025

Someone tried charging me 10x what another charged.

Hearing the rate, I thought AI'd soon replace them.

Not thrilled too much, as it might hit me too one day.

@kienfam·04:07 15/04/2025

choose the niche where you can use your strong skills

it's that obvious, but still a lot of us are forgetting about that

ofc first you need to know what you are good at, which can be a hard thing to do

@kienfam·06:50 14/04/2025

some people who ignore cold DMs are missing out on opportunities

whichever AI will solve the problem for busy people to filter out will make millions in ARR

@kienfam·20:27 11/04/2025

So hyped and can’t fall asleep

@base will be proud

@kienfam·01:59 11/04/2025

I'm stealing $SOCKS from sdv.eth, zodude on @alfaca!

Alfaca

stolen

alfaca.fun

@kienfam·08:59 10/04/2025

founders should optimise for rev per person

@kienfam·13:28 09/04/2025

Most consumer prods can be built in a few months, so best time is pre-bear.

Good to build in bear mkt for 1-2 yr if it's DeFi/infra products.

But many startups failed due to unpredictable cycle narrative & lack of Web2 adoption (they are too early)

@kienfam·13:16 09/04/2025

Community management of a token should be taken more seriously by founders.

@kienfam·05:20 09/04/2025

so many founders building ai agents that transact onchain

only a few will win

solve the problem without me even thinking about what to trade, when and how often

i don't need the chat interface to buy/sell tokens

@kienfam·03:35 09/04/2025

what are the apps with the best portfolio management have you seen?