I Consulted Over 50 Crypto Projects — Almost All of Them Do Not Know What They’re Doing.

The deadline for YC S24 is tomorrow. Here's why you SHOULD NOT APPLY TO YC: YC seems like a reasonable proposition. They give you some money to help start your business, and they promise you access to a community of people that can help you along the way. In exchange, they don't ask for much. The standard YC deal is $500K for 7% equity. That doesn... See more

I'm seeing a lot of people FOMO quit their jobs to join "crypto", probably out of some over-romanticized view of what goes on in these projects. Let me illuminate you about what actually happens: 👇

An essay: Why founders fail, despite being good at coding and high IQ. Being mathematically smart hurts startup founders. Math doesn’t account for emotions, and this is why devs easily build useful products but fail to get to Product Market Fit in 99% cases. Imagine you’re building a building to sell. As a good builder, you put great effort into... See more

The more you see, the more skeptical you become. Optimize for skepticism and curiosity. Having been a VC and invested as an angel in well over 100 companies, my inbox flows with ideas of all kinds from aspiring and repeat entrepreneurs. In the earlier days, I’d get excited by ideas especially the first time I saw them. But over time, I soon realize... See more