Crypto's biggest promise: make more people owners Crypto's biggest challenge:not turning missionaries into mercenaries I'm convinced incentive design will be the most important business skill of the 21st century.

Four principles of network/DAO leadership: 1. Foster self-organization 2. Promote emergence 3. Embrace change 4. Hold dynamic tensions A thread 👇

Just came across this weekly sprint update template from @ycombinator Feels like this sort of fast, informal accountability + reporting would be suuuper useful to a lot of people who have just started working on something new

1/ Equity crowdfunding or equity investment marketplaces failed. Full stop. Didn’t work. Here is my synopsis on why the industry hasn’t taken off. Lots of reflection and painful lessons I hope others can learn from.

The natural end state of marketplaces and social media is the eventual shift from user generated supply to professionalized supply/content. They can fight it for some time, but eventually there is no other way to keep scaling (or prevent power users from peeling off)

This is what great token design looks like 🧵

In 2008, Airbnb sought $150,000 in funding for 10% of the company. They emailed 7 big investors. 5 sent back rejections. 2 others didn’t respond. 10% of Airbnb is now worth $7 billion.

Excited to announce @variantfund led a $6.7M seed in @oncyber_xyz, home to the best immersive 3D experience for NFTs. Cyber’s gallery spaces recently hit a ~$40M market cap and are populated with digital art collections worth well in excess of $100M How’d we get here? 🧵

My prediction... Selling knowledge will be the biggest business trend in 2021. And it won’t be in tech circles. It will explode in "mainstream" professions like mental health, fitness, interior design, tennis coaches, etc. Here’s why I think that...

Mirrors and clocks transformed society, but they’re so old that nobody questions them. Clocks created a culture of anxiety. Mirrors created a culture of narcissism.