sari

Going crypto has its risks. An ICO in 2018 brought $1.7 billion into Telegram's coffers. Unfortunately for founder Pavel Durov, the SEC concluded it constituted an unregistered sale of securities. The debacle distracted Telegram's development and prompted unusual financial agreements.

Subscription gross profit: To calculate the annual subscription gross profit, take the annual revenue per subscriber and subtract the cost of goods sold (COGS). If the average monthly subscription for the business is $10 per month, for example, with $5 in monthly COGS, the annual subscription gross profit is $60.

You can essentially have a Merch-team as a Service. What has happened with merchandise will happen to all the product classes you can think of: Games, Classes, Cloud-kitchen restaurants, DTC brands, etc. An incredible number of founders are building platforms to empower creators with tools to own the funnel’s commerce. They're not agencies; they’re... See more

Asset tokenization is a big deal, as are protocol tokens. Of course, there are a many problems we have to figure out before we can get there (both technical and regulatory), so we’re likely several years away before these fully bear fruit. But if enough builders align to push them forward, these two forms of tokenization will lead to massive value ... See more

Crypto/Web3 is Inevitable: There’s a lot to unpack over the course of this report, but the general theme is consistent: we’re going from an internet built on “rented land” with monopoly overlords, to an infinite frontier of new possibilities. On the frontier, crypto presents a credible revolution to all monopolies, which is why its inevitability sc... See more