Shanji66

Antagonistic Optimist. Views are mine. #zbra #startup #investor

[Shanji66 @shreva]

Government has stopped treating tokenisation as innovation policy. It's infrastructure now.

That's the shift that matters. Wrote it up this morning: https://t.co/TSvqMcPRt0

#Tokenisation #UKFinTech #DigitalAssets

[Shanji66 @shreva]

Wednesday's King's Speech could be the most significant moment for UK digital finance in 25 years.

Three things caught my eye:
— Chris Woolard CBE named wholesale digital markets champion — Tokenised gilts pilot expected — PSR folding into the FCA

[Real World Asset Watchlist @RWAwatchlist_]

.@The_DTCC ($90T+ AUC) to begin limited trading of tokenized securities in July.

Probably nothing...

[Shanji66 @shreva]

@Feargal_Sharkey Would like talk about the proposal I sent you for buying Thames and other water co's.

[Feargal Sharkey @Feargal_Sharkey]

You'll want to be sitting down for this bit.

Water companies are currently £82.7 billion in debt, have paid themselves £85 billion in dividends, leak over a trillion of litres of water per year, dump sewage for almost 4 million hours per year, have been convicted of over 1,200 criminal acts since 1989 and an average of 35% of your bill goes on nothing but paying more interest and yet more dividends.

And not a single company has ever lost their operating licence. 👇

[Shanji66 @shreva]

@TommiPedruzzi System

[Shanji66 @shreva]

@rohitdotmittal This is more common than we admit. We still judge success through a unicorn lens when many businesses are slower burn, sustainable and solid.

We need new models, fair expectations and more honesty about the pressure founders absorb when growth and investor timelines clash.

[Shanji66 @shreva]

@patmatthews Brilliant Pat.

[Shanji66 @shreva]

@anthonyrose @seedlegals Great to hear and watch you share your expertise and pitch feedback last night at the Blue Garage.

[Shanji66 @shreva]

@henrythe9ths Fundraise

[Shanji66 @shreva]

@elonmusk Same in the world of VC funds. Less than 8% of GP's in a fund have ever worked in a startup, let alone had courage to build one.

[Shanji66 @shreva]

@alexfinn Yep

[Shanji66 @shreva]

@WhatsOn_London John Stainer Primary School Spring Fair. SE4 . TODAY IS THE DAY - food, fun and treats for the whole family . . . come along, support your local school, have fun in the sun 🌞

[Shanji66 @shreva]

@Edison1d John Stainer Primary School Spring Fair. TODAY IS THE DAY - food, fun and treats for the whole family . . . come along, support your local school, have fun in the sun 🌞

[Newsmax Australia @newsmaxaus]

The Commonwealth Bank has threatened to cancel and close the accounts of a leading Australian businessman because he wouldn’t explain to them where his money came from and why he had sums of cash.

The CBA has sent the warning in writing to Louis Christopher, who runs leading investment research company SQM, ironically an organisation regularly quoted by the finance industry on trends in the real estate market.

Mr Christopher has described the bank’s extraordinary threat:

“Just out of the blue, the bank sent me the enclosed email and demanded to know:
1) How I have built up my wealth?
2) Why have I made cash withdrawals?
3) If I am holding cash at home, why?
4) Why did I make certain transactions to third parties.

“I called the bank and it was true. They were going to suspend all my accounts this week if I didn’t tell them the answers to the above questions. Said Austrac gave them the authority to do that.”

AUSTRAC is the government’s financial investigation and intelligence arm.

He’s described the ordeal as extraordinary.

“What I have just gone through this morning with CBA is disgusting. Absolute despicable, Orwellian stuff. Driven by Austrac”.

The Federal government has empowered banks to start questioning customers on what they are doing with cash and where sums deposited come from.

Mr Christopher said, “soon, you will be restricted on what you can and cannot spend. ‘That's too much money being spent on your next holiday, sir’."

[Shanji66 @shreva]

Wow, for a non coder like me, the new Ai upgrade today in Replit has made all the difference . . . reducing bug/fix loops, more thorough, faster, deffo less frustrating and soooo polite. #replit #liberateyourmind #nocode

[Shanji66 @shreva]

@awrigh01 Certainly the future of VC. Just look at the trend for more and more "founder focused" funds. 👍🏼

[Aaron Wright @awrigh01]

The vision of DAOs is hard to ignore. Global organizations united by shared bank accounts and tokenized ownership. No borders. No limits.
Just communities owning, building, and thriving together.

[Graham Novak (📜,📜) @gnovak_]

As the guy who started ConstitutionDAO (and also been involved with multi-hundred million dollar acquisitions), let me give you a rundown of what's going to happen (and what should be done if you want to give it a serious attempt):

WHAT'S PROBABLY GOING TO HAPPEN:
- Many people on crypto twitter are going to suggest we buy 23andMe, ConstitutionDAO style
- People will (rightly) point out that a model that rewards people for contributing their data is more fair, scalable, and sustainable
- People will (rightly) point out that onchain funding models have come a LONG way and that we're due to see another large-scale experiment with community-based fundraising
- People will realize that there's a HUGE amount of politics and legal maneuvering that goes into the sale (and bankruptcy) of companies and that simply having more money than another bidder does not assure success of acquisition. Large, flat, leaderless organizations are not most suitable for navigating these processes.
- A team with little-to-no banking know-how is going to start pooling together (probably a very small amount) of crypto assets and it's going to look fairly half-assed. Even if there's a decent amount of assets, the selling party will not view it as a serious bidder, regardless of the size of pooled capital. Critics are going to point out that crypto world still doesn't know what it is doing.

IF CRYPTO WANTS TO ACTUALLY GIVE THIS A TRY:

1. Think about refunds first. Have a CRYSTAL CLEAR 100% REFUND MECHANISM. For whales to get involved, they need to know that they can get a refund and protect their downside if the acquisition doesn't happen.
2. Stablecoins. Raise in stablecoins, not Eth, Sol, or any other crypto asset. You're just introducing currency risk otherwise.
3. KYC participants. Unfortunately, you can't have permissionless participation. The selling party won't accept money that include funds from north korea or sanctioned actors
4. Follow securities laws. Yes, you will have a participation base that's probably all accredited investors. The bankruptcy court won't take you seriously if you don't demonstrate the ability to follow the laws
5. Centralized bidding. The management team behind the acquisition needs to have unilateral ability to discuss, negotiate, and make flexible decisions. This must delegated to the team to act decisively.
6. Get bankers involved. This is incredibly counter-intuitive to crypto's anti-establishment ethos. The process of acquiring a company from bankruptcy is incredibly involved and time intensive. This is orders of magnitude more complex than a Sotheby's auction

I would LOVE to see this happen and happy to support any team that wants to give it a serious, genuine attempt. I want to live in a world where users and backers of platforms are co-owners of the platforms that they use

[Cyborg DAO @cyborgDAO]

𝘿𝙀𝘾𝙀𝙉𝙏𝙍𝘼𝙇𝙄𝙕𝙀𝘿 𝘼𝙂𝙀𝙉𝙏𝙎

Join us next Friday for a conversation around the future of agent technology in the distributed economy! With @awrigh01 //@tributelabsxyz, @dbarabander // @variantfund, @memitations // @cyborgdao.

March 14
6:30pm
📍@Station3NYC🗽

RSVP👇