Many tokens in the wild today were launched without considering the user. Other tokens bundle too many “jobs to be done” into a single asset, muddying the value proposition like a feature-packed product that tries to be everything to everyone.
Sometimes, programming feels like magic: you chant some arcane incantation and a fleet of robots do your bidding. But sometimes, magic is mundane. If you’re willing to embrace the grind, you can pull off the impossible.
A few weeks ago, one of our portfolio companies completed an investor buyout. The founders now own 100% of their business. Investors got a positive return. All parties I think walked away feeling pretty good about how things transpired 🧵
When our goal is to understand something, we start getting curious: why does this work this way, and not that way? Why doesn't this do what I expected? Strange! These observations of strangeness, where pieces of the understanding puzzle don't fit, lead to exploring beyond what's known.