Joey DeBruin

The idea to split us all into mini-Medicis through platforms like Patreon, if anything, has only further diluted the actual value. It's not just about the fact that they financially support you (that's called a customer, or a customer who tips generously), but that they actually help grow your potential by using their status and name and resources... See more

DAOs are networks that are defined by nodes and links, corresponding to people and relationships.

Feeling like you’re worth listening to is a byproduct of making hard decisions and teasing out of them cohesive and convincing personal stories that help you make sense of the world.

Early-stage venture capital investments take a long time to come to fruition. These or other YC companies from after Graham’s tenure may yet prove to be economically and culturally important like their forerunners. The evidence so far, however, suggests that their impact is well below that of earlier YC companies of similar age, in spite of their... See more

The second path is to create an idea, mechanism, feature, or whatever that is so novel and unique that it survives and eventually sifts down on the back of another product, even if the company that created it fails.

A central thesis is that all products are asking things of their customers: to do things in a certain way, to think of themselves in a certain way — and usually that means changing what one does or how one does it; it often means changing how one thinks of oneself.

The best example of this alternative product is Indie.VC, run by Bryce Roberts. Over the course of 6 years, Indie invested in 40 companies. It held the two key components of limited fund size and gave equity optionality through redemption clauses or equity buybacks. The results are encouraging, with a 51% IRR and 4.3x TVPI, while 87% of the... See more