sari

We are likely entering a 2-4 year period where founders — Web3 founders in particular — will overshoot in their reliance on token incentives to drive their communities. Like Charlie Munger, they are right, but not fully right. We will learn a lot from their experiments and mistakes, but if you want your project to succeed, don’t forget the heart.

You sometimes hear that a team built something great despite being small - we think that teams most often build great things because they’re small (with strong talent, passion, and chemistry, of course). So our hiring approach thus far is hiring only people that are so talented they could have been co-founders in another sequence of events. We’re f... See more

-Operational support: functions like finance, legal, and HR that help people do their jobs

Covid-19 social distancing has created the perfect conditions for DNVCs: disruption of the traditional media product lifecycle (like studio production and theater distribution) combined with a massive increase in consumer demand for content.

What this trend in regulation does, however, is that it gives a big nudge in favor of those applications that are willing to take the centralization-minimizing, user-sovereignty-maximizing "can't be evil" route.

Realize that any product vision is a leap of faith. If you could truly validate a vision, then your vision probably isn't ambitious enough. It will take several years to know. So, make sure what you're working on is meaningful, and recruit people to the product teams who also feel passionate about this problem and then be willing to work for severa... See more

Unfortunately, we never cracked how to get huge by going direct. Our customers loved us, we just couldn’t get enough of them. We were growing. Our high fixed costs meant that we had to grow at a pace that we never were able to reach though.