KHo

K Ho not kho. Building @kaijufinance. Degen since 2020.

[KHo @kho852]

@pandemic_org @addicteddotfun @Jaileddotfun @infecteddotfun bankrupt

[KHo @kho852]

@0x_claudia well written

[Bmoney @strato_money]

https://t.co/J4SsRVXvIR

[Jessy Huang @goodhartproof]

https://t.co/DGdLu79krs

[Jonah @jonah_b]

We were early backers of @tether, @circle & @Paxos

Now every fund is bullposting stablecoin data

$300B+ stables, $33T of volume etc

But there’s been surprisingly little business analysis

Who makes money? Who doesn't? Why?

I pulled together our thinking below👇

[KHo @kho852]

@defyneric If recurring payment is useful. What about revolving credit?

[Perplexity @perplexity_ai]

Download the updated Perplexity Mac app with Personal Computer:

https://t.co/8lbfAYHrEY

[Pharos | Agent-Native @pharos_network]

Pharos Road to Mainnet Meet Up in HK, hosted alongside @499_DAO

Hear Pharos CEO @wishlonger share updates, connect with top ecosystem partners, and dive into the future of RealFi.

Limited spots — don’t miss out!

April 21| 6:00 PM | Club at 28

Limited spots available ⚡
https://t.co/5VHnUQvkXv

Supported by: @AquaFluxPro, @AssetoFinance, @Farooxyz, @AnvitaFlow, @open_fi_, @R25Official, @BitverseApp, @zan_team, @Top_nod, @FaroSwap, @kaijufinance and @primus_labs

[KHo @kho852]

@defyneric Revolving credit

[Tom Dunleavy @dunleavy89]

The shift in the crypto fundraising landscape the past 6 months has been insane.

Crypto VCs used to have to constantly be networking/writing/podcasting/going on spaces/promoting your thesis/getting on 10 deal flow calls a week, to get into good deals...now it's literally enough to just have capital to write checks.

Deals are being pushed rather than dug out. Inbound if people know you have money is at an all-time high.

Most firms are either 1) Out of money 2) Moved to Series A and beyond or 3) Fundraising (with no success).

Deals that used to close in 2-3 weeks now close in 2-3 months.

Firms with questionable business models or copy pasta of the latest trend are getting zero primary or follow-on funding (Good news!).

There are now realistically <20 firms writing checks in pre-seed/seed.

VCs basically have the pick of any deal they want, with more time to do DD.

IMHO 25/26 are going to be historic vintages for those who stick around.

[KHo @kho852]

@0xdasha But there are still funding announcements here and there.

[KHo @kho852]

I am really curious about this.

[KAIJU @kaijufinance]

Besides @ether_fi, what other card program does its settlement on-chain?

[KAIJU @kaijufinance]

Kaiju is onboarding our first partner cards now and you will soon be able to spend your crypto on demand.

[KHo @kho852]

Card program needs to stay competitive and relevant by offering more than a payment rails. Crypto card was just an OTC alternative and that narrative should change now. Kaiju exists for that!

[Stabledash @stabledash]

.@KoppKnows, Co-Founder @ether_fi, on why a single product can't sustain a DeFi neobank:

"We've stopped token emissions almost completely. The biggest thing is giving people products they want to use."

"It's not just the card. You're borrowing against products, you're making money on those products. This is how you're onboarding, offboarding to your local bank. That's a lot of stuff to move from."

"If you just did the card, you're kind of dead in the water. If people are going to compete with us on cash back, they'd better have other products they make money on."

[KHo @kho852]

@olliegarch Would love to chat!

[KHo @kho852]

@defyneric Why do you like this over other neobank?

[KAIJU @kaijufinance]

KAIJU in 20 seconds

[KHo @kho852]

Work with us to make crypto spending better.

[KAIJU @kaijufinance]

Introducing Kaiju … Again

Over the last few months, we kept asking ourselves:

How do we make crypto payments feel as good as using your bank credit card? Or better?

We believe it has to be both exciting and convenient.

That’s why we’re building: Revolving credit + randomized spend rewards.
On top of every crypto card and payment app out there.

[shirish @shiri_shh]

startup founders trying to sleep with a million things on their mind

[Jess Houlgrave @Houlgrave]

https://t.co/lgzJrqO9KN