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In traditional marketplaces, startups must hire many richly compensated people in cash and equity to cover all of the functions of the company: product, development, sales, marketing, finance, customer care, etc.
Fabrice Grinda • Crypto-Enabled Marketplaces - Fabrice Grinda
Leading “solo capitalists” manage more money than many funds. Oren Zeev manages more than $1 billion without additional investment support. Elad Gil, Josh Buckley, Harry Stebbings and Lachy Groom manage funds in the hundreds of millions with similarly lean structures.
Mario Gabriele • The Future of Solo Capitalists | The Generalist
Crypto-enabled marketplaces can behave like open-source projects, outsourcing high-impact work to the community. You can end up with much larger virtual teams and scale a lot faster while having much lower fixed costs as you use the unsalaried community to do a lot of the heavy lifting.
Fabrice Grinda • Crypto-Enabled Marketplaces - Fabrice Grinda
Startup Empire Notes from Session with Greg
Notes for X.com with Greg:
Was “making millions” but was paycheck to paycheck. Learned the hard way that personal finance matters. Changed my life. Now, I share everything with you. Follow along. Managed restaurants that did $5M/year that went broke. It turns out “the bottom line” actually matters. Sharing
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