Founder reminder:
Your VCs should bring more than money.
For the new investment today, I have three intros to adjacent, related companies that could be partners for the new company teed up.
If I can't bring growth leverage beyond cash, I should not be investing (maybe just me)
it is fair to assume that they will probably fail; the conversative range gap of 85%- 90% is a fair expectation.the assumption should be a motivation for founders to prove them wrong.
Not all VCs believe this actually,there are a handful that collaborate based on "conviction".
@TheGeorgePu VC’s assume 90% will fail. The working assumption is you have a one in ten chance of succeeding. Mass failure is literally baked into their model. Founders need to understand the kind of people they’re partnering with.
The lesson of deals is that if you have two, you have one. And if you have one, you have zero.
In other words: the second bidder sets the price and ensures the deal goes through. If you only have one bidder, the price floor is zero. And the deal may not get done at all.
Different people are wired differently, but I basically agree.
Salesforce and Oracle were indeed built by money-motivated men. But Apple and Twitter were art projects. SpaceX and Tesla were engineering feats. And Bitcoin and Zcash are ideological campaigns.
So: money is a metric, but not the only one, and the “capitalism” part of technocapitalism has been stressed a bit too much in recent times. Because the drive to make great art, to advance science, to win in a just cause, will always produce more peak energy than the merely pecuniary. But then, on a daily basis, you have to eat too.
I think of it like cross country skiing. Sometimes you’re advancing with the right ski, and sometimes the left. So when the cause hits a setback, at least there’s a paycheck. But when there is no paycheck, you are driven by the righteousness of your cause.
currently working on a longer thesis on neobanks.
there's two stories here - fintech neobanks vs. crypto neobanks.
> fintech neobanks (sofi, chime, wise, mercury) were mobile-era apps that controlled UI/customer relationship while outsourcing fdic compliance partnerships. they grew by solving some niche wedge (student loan refinancing, fast fx swaps, advance payroll) and before scaling to control the entire stack - to control how we grow, spend, and store money.
> crypto neobanks fundamentally also want to capture this grow, spend, store money stack with their whole UI. different companies have started in each part of the stack - eg. etherfi in grow, avici and other card products in spend, phantom in store, before expanding horizontally.
what succeeds here is a niche + volumes game, just like fintech neobanks - how do you capture a niche market, before upcharging across different platforms. so when i look at neobanks, what i care about most is the trad consumer metrics - retention, churn, volume, user base.
in a world rain or reap has commoditized a card product issuance, volumes are the only real moat.
much more indepth thoughts to drop soon. if you're building a neobank, please DM - i'd love to talk to get your thoughts!
The stablecoin market today is a $170B+ shadow dollar system quietly outrunning every traditional payment rail for speed and cost while living in the uneasy gray zone between “too useful to ban” & “too big to ignore.”
I've earned 20k naira monthly,I've received 50k naira too,there was a time I got a 80k job and I was super happy about it,oh yes I've been paid 250k,500k and even in millions.What should matter most in the early days of ur career is ur skillset, your passion to gain experience.
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If you have to push your self please do. The life of a man without an helper is already difficult, don’t add to your predicament by giving excuses. Nothing works when there’s no intentional determination to achieve extraordinary.
Until there are individuals who ain’t moved by money, until we have enough voices that wish to pave way for an ordinary person to succeed in life, until we can help a stranger without being transactional, until then we are not truly and really kind.
Not everyone that fall will rise again and not everyone that eventually try to rise again will rise well. Make sure you don’t fail or fall in life, fight every doubt of failure and work harder to make God proud.