Today @Wefunder has introduced community rounds, we are very excited to see what comes of this as it is very aligned with the vision we set out when we founded MyFund. While we are sad to be leaving the space, we are happy knowing that our customers are being served!
After several months of trying to get MyFund off the ground we have ultimately decided to shut down operations.
Thank you to everyone who has supported us throughout this journey - we are beyond grateful to you!
10.6% of all American households were accredited investors in 2020, which means almost 90% of Americans can't invest in Venture Capital. Who else thinks this is a problem worth addressing?
@michelletandler I think the answer is stakeholder capitalism, something I am trying to bring about with my startup MyFund by making the stakeholders of a startup=it’s shareholders. Ultimately, what gets rewarded/incentivized is the direction we will head in. Systemic change is needed
@mmd_heyderi @owocki It’s all about incentives. When we reward value creation with incentives then that is where people will put their time and effort. I am trying to create a system that promotes this with my startup MyFund by making the stakeholders of a company = its shareholders.
Very excited to learn more about network effects from the very best @andrewchen. This book talks about one of the problems I am hoping to solve with MyFund. By giving startups a way to build a community of their customers before they launch, this problem can be overcome. #web3
Hill that I’ll die on: $1k investments are worth taking for the right investor.
And more often they are *more helpful* than large check investors.
This is why VC is being disrupted. Smaller check writers are proving to be more useful in many cases.
Two ideas on the future of work…
1) AI-based pay whereby people are paid based on how much value they generate for organization 2) instead of being assigned to one person, certain jobs will instead be broken down into small tasks that anyone can complete for a reward-based pay
DAOs will be one of the most exciting and transformational technologies to emerge from Web3 because they are a 1000x improvement to how financial *and* human capital can come together, coordinate, and accomplish incredible things natively on the internet in a peer-to-peer way.
Would anyone be able to hop on a 5 min call and answer some questions I have about DAOs? I’m building an app that empowers the everyday Gen-Z consumer to construct their own mini venture capital fund and want to explore DAOs as an operating structure. #DAO#Crypto#VentureCapital
@justinkan I am planning to release my MVP by the end of September, please try it and if you like it please share it with your following. Because it’s going to take a movement to make a new innovation system.
@justinkan An app that gives the public a way to vote on and profit from the startups that might day have a ton of influence on their lives in a way that’s entertaining/familiar while giving startups a way to acquire and connect with loyal customers/ambassadors early into their journey.