Mark Fishman

In short, when a private company raises less capital at lower valuations, employees have the chance for more upside if the company succeeds.

Raising awareness and pushing back or calling others out might be righteous at times, but it also means generating engagement for yourself or your cause and the thing you dislike. There’s a constant risk/reward calculus we’re asked to make before posting, and the problem is that the deck is stacked against us. We take the prompt, we play the role,... See more

If all the uses of GST help you earn more GST, they’re headed for disaster. But once you can spend GST to enhance your status in ways that don’t allow you to earn more, they might just make it. 

By building out their social elements (which are coming after the game is more fleshed out), STEPN has the opportunity to build the first fitness app for non-athletes. It feels meaningful that they went with the name “STEPN” instead of “RUN’N.” It’s for casual use, not necessarily for athletes. 

Tokens may represent a net positive for consumers by reducing switching costs between platforms (incentives for early adopters). Low switching costs increases the emphasis on building good products that retain users.