发现个有意思的现象,这两年慈善了近三十个一级项目,其中二十个属于币发不出来人不知道去干嘛了,或者币发出来了但人已经开始做新项目的状态。
我发现这些失败的投资的共性,是因为决策时的心态是“这个项目的投资背景都还不错,founder混圈子混的可以,叙事也还行,怎么也不会让投资人亏钱吧”
反而是那些几乎没什么背景,不太懂tokenplay,但很热爱自己产品的创始人们,虽然很难称得上成功,但也都还活的不错并且还在一线不断探索。
现在去认识一个新的创业者,如果自我介绍时没有直接把重点放在“我们前期的种子用户是什么画像,我们哪些功能可以解决他的问题”,而是先shill资源,先画饼谈理想的,基本会让人丧失继续探讨的欲望。当然了,我觉得这类人还是圈子里的主流。
两种路线的创业者都没啥错,只是时代的流动性状况不同会嘉奖不一样的人。
Christian (Building @0xinfini)x.com发现个有意思的现象,这两年慈善了近三十个一级项目,其中二十个属于币发不出来人不知道去干嘛了,或者币发出来了但人已经开始做新项目的状态。 我发现这些失败的投资的共性,是因为决策时的心态是“这个项目的投资背景都还不错,founder混圈子混的可以,叙事也还行,怎么也不会让投资人亏钱吧” 反而是那些几乎没什么背景,不太懂tokenplay,但很热爱自己产品的创始人们,虽然很难称得上成功,但也都还活的不错并且还在一线不断探索。 现在去认识一个新的创业者,如果自我介绍时没有直接把重点放在“我们前期的种子用户是什么画像,我们哪些功能可以解决他的问题”,而是先shill资源,先画饼谈理想的,基本会让人丧失继续探讨的欲望。当然了,我觉得这类人还是圈子里的主流。 两种路线的创业者都没啥错,只是时代的流动性状况不同会嘉奖不一样的人。
9. There is a lot of noise in crypto, and founders often forget that their purpose is to build a great product for people. Some founders have lost their way when it comes to tokens, and token economics has become an important topic for many founders. But I don't think there is a real valid token economics, we are still at the stage where token econ... See more
Qiao Wang • The Web3 Founder’s Playbook | Imran Khan, Qiao Wang, AllianceDAO
In short, prioritize your product over your token.
Qiao Wang • Common pitfalls for Web3 founders
For all the talk about how crypto is changing the world, the vast majority of token-based projects are short term games that structurally devolve into glorified pyramid schemes. Inflated expectations lead to the classic boom-bust cycle where speculative intent runs ahead of reality, and eventually, it all falls down.
Richard Kim • Reflections on "Community"
Take decentralized networks, which promised to shift power from tech giants back to users. The vision was beautiful: creators and contributors would finally capture the value they generate. But many crypto networks revealed how quickly noble intentions can unravel. What started as a grassroots movement to build community-owned wireless networks dev... See more
The Last Human Choice



People loved seeing my old pass memos, so here are two more epic passes from the archive:
1. Arbitrum seed round (118x miss) 💀
I nearly invested but got tripped but by some dumb procedural details (lesson: don't let structure kill your conviction!). Ironically, the Arbitrum team pivoted away from the original model to build optimistic rollups in... See more