bdx

hello

[bdx @barriedavies]

@rubenhassid Nice work

[MUFCTIX786 @MUFCTIX786]

DO NOT BUY OFF THIS GUY, LITERALLY SCAMMED MY FRIEND & BLOCKED ME WHEN I TOLD HIM TO REFUND MY MATES MONEY OR GIVE THE TICKETS AS HE PAID FOR EXTRA MEMBERSHIPS & NOW IS OUT OF POCKET £475

SCUMMY GUY WHO TAKES PEOPLES MONEY & DOESN’T REFUND OR PASS THE TICKETS OVER. @adm_ticket

[bdx @barriedavies]

This place is a toilet.

[GREG ISENBERG @gregisenberg]

I was part of startups that raised billions of VC in my 20s in Silicon Valley and didn't make much money:

1. VCs tell you to dedicate your life to the business, but they take August off.

2. VCs tell you that you need to go big or go home, but their business is a collection of many bets

3. VCs tell you it's all about team, but it’s common to replace a founder/ceo.

4. VCs tell you to be lean and agile, but they’ll drown you in cash if it means a big exit.

5. VCs tell you to maintain a work-life balance, but smile when you send emails at midnight.

6. VCs tell you to own your niche, but often nudge you towards mass markets before you're ready.

7. VCs tell you to measure everything, but their decision to fund often hinges on intangible 'gut feelings'.

Am I wrong? Be honest.

Now, I don't think all VCs are the same, just like all entrepreneurs aren't the same.

But the problem isn't in VCs, it's two things:

1) Some businesses need venture funding to thrive. The SpaceX type businesses or Uber type businesses

2) VCs aren't 100% aligned with founders (especially first time founders).

Let me break it down.

They are incentivized for you to grow valuation. And sell or go public one day.

But if you get an M&A offer that might be life-changing for you and your family? They might say don't do it.

That happened to me.

I had an M&A offer that was life changing when I was 22 years old.

I would return 3x the amount I raised. Not bad right?

I brought the deal to my lead VC. And he wouldn't sign the paperwork.

"I'm not thinking big enough. Imagine what I can get in 5 years. Forget 3x, think 30x".

I'll write about that story in a future newsletter post (link in bio).

So, for most entrepreneurs, I say make your money doing bootstrapped.

Support your family. Buy your first house. Retire your parents. Do whatcha gotta do.

That "makes a ding in the universe" in a different way.

It makes a ding in your universe.

Don't be shy to share this.

Let's have an honest convo about this.

[spengrah.eth @spengrah]

@evabeylin this remains my best attempt at an actual operational definition

[Benjamin Life (re/acc) @omniharmonic]

I’m still bullish on DAOs because I believe self-directed labor, non-rivalrous coordination, & emergent structures are more adaptable, more aligned with natural law & fundamental humanistic principles, and will out compete command & control corporate structures in the long term.

[bdx @barriedavies]

@JackSim68597058 @Mufc_facevalue I'm after one. Got a membership. DMs open. Ta.

[bdx @barriedavies]

DAOs are changing the game for decentralized governance, and Natural Language Processing is making it even more efficient. With NLP, we can automate decision-making processes and make them more transparent. #DAO #NLP

[Chris Frantz @frantzfries]

This next (prerelease) version of Midjourney is the first time I’ve been unable to distinguish AI-generated photos from actual photos

Which one of these is not AI generated?

[bdx @barriedavies]

@jonwayne Ridiculous skill.

[bdx @barriedavies]

@richfalkwallace Yes please

[Alex Banks @thealexbanks]

ChatGPT is revolutionising robotics.

It unlocks a new paradigm that replaces coding with natural-language commands.

This is how Microsoft is opening the door to an unexpected future:

[bdx @barriedavies]

@AaronSoskin If you build for retention by the DAO, you may incentivise the transient contributors to stay longer than is mutually optimal.

[bdx @barriedavies]

@AaronSoskin Both important, I'd prioritise the latter tho. Help the contributors 1st.

A core of select, long term contributors = continuity, community and DAO personality.

Some contributors are transient by design and will migrate based on requirements of the DAO through its evolution.

[bdx @barriedavies]

The https://t.co/CKjhZw5HrU blog - Feb 23 - The secret diary of (Chat)GPT - https://t.co/0TW3bG8bHk

[bdx @barriedavies]

@DrNickA I'm in

[Nick Almond @DrNickA]

The crypto chaos matrix

[Samantha Marin @samanthajmarin]

What if...AI *is* the use case for DAOs

Exploring topics like that in this Aragon piece was such a treat!

Thanks to @k3nnethfrancis, @ehalm_ for great interviews + @trentmc0 for an article series that inspired so much of this! 🙏

https://t.co/NAq0KaEx4m

[Chase Chapman @chaserchapman]

There's a disconnect between the original vision for autonomous organizations and the reality of DAOs today

Smart contracts *do* enforce certain rules + agreements

But we are nowhere near organizations being run *fully* by smart contracts

And I'm not sure we'll ever be

[bdx @barriedavies]

@DrNickA ✋️