Just as Instagram’s rise amplified the world’s obsession with physical aesthetics, avatars that abstract our physical selves can decrease it. A focus on our physical appearances is arbitrary: does it matter that I am attractive? That you are? Why? How is the conversation we have different if I mask my gender, age, ethnicity, shape?
What investors pay attention to when analyzing potential investments in the space: large TAM and scalability potential (i.e. volumes!), community, a ppeal to a diverse audience, u tility of the NFTs / Social Tokens & fan tokenomics, GTM and distribution strategy, and s tatus, connections & influence of key members / team.
Mike Moritz was our board member from Sequoia. Anyone who has ever met Mike or read his writing knows that he has a special way with words. In this meeting, he delivered a simple and devastating message: if we didn’t change – immediately – we would go out of business. It was the single worst meeting of my career.