UNSTOPPABLE CODE

Don't Stop

[UNSTOPPABLE CODE @unstoppablecode]

Sell No Soul or Merchant Rug

[UNSTOPPABLE CODE @unstoppablecode]

@mdudas apeing Bonk on NYE 2022 is what birthed our company

[UNSTOPPABLE CODE @unstoppablecode]

@mdudas gm

[🌊 TRITON 🔱 CAPITAL 🌊 @TritonsInc]

Running this one back

Which is Dumber?

A Boomer Governed Society or an AI Governed Society ?

[catnip🦄 @lookupcatnip]

Auction is over, you snooze you lose. This beautiful cake Legend goes to @bexarbacoa for 3 sol! Congrats! Shall mint it this evening and send to your wallet lets dm :D
<3 <3 <3 <3
love ya'll

[Gwart @GwartyGwart]

The only prediction I have for tomorrow is that someone probably announces a new Ethereum L2

[🌊 TRITON 🔱 CAPITAL 🌊 @TritonsInc]

there comes a point where every founder has to sell out to the Suits on some level . Size is not size without some Suits

all you can do really is sell out with style

[Digits Capital @DigitsCapital]

Biggest cult is Berachain. we have been through years of pain and suffering together and continue to rally around a chain that isn't launched yet. Higher.

[🌊 TRITON 🔱 CAPITAL 🌊 @TritonsInc]

@paulg @justinbaragona it would be hard not to lose it after the Cognitive Dissonance of this episode

https://t.co/WYibUn2Zd9

[Operation Epic CMS @cmsholdings]

Good luck tomorrow everyone

[Gwart @GwartyGwart]

We should make Selkis take ayahuasca tomorrow and put a go-pro on him for the entire day

[mert @mert]

the crypto industry's most severe and consequential failure is not what you think

it's undoubtedly: developer marketing

as a crypto dev, you can move millions of dollars of any asset globally with a few lines of code and no permission

you can create autonomous state machines that run perpetually without needing to set up any infrastructure at all

you can literally create markets

or micronations with codified laws, zk-based identity systems, virtual treasuries in cyberspace that are purely owned by the individual and no nation-state

it's insane how much you can do with so little — a pure meritocracy and leverage point for the individual

yet, when devs outside of crypto hear of crypto dev — they think: gambling, fartcoin, and money laundering

it's a tragedy this is the case — me and the team will spend the next year fixing this for the entire industry

[🌊 TRITON 🔱 CAPITAL 🌊 @TritonsInc]

@ByzGeneral ETH COPE SUMMER

[UNSTOPPABLE CODE @unstoppablecode]

@TritonsInc dang

[UNSTOPPABLE CODE @unstoppablecode]

@TritonsInc

[🌊 TRITON 🔱 CAPITAL 🌊 @TritonsInc]

The Great Wall of Solana

[Paul Bohm @paulbohm]

Because Peanut is so incontrovertibly good, his killing is a Christ-like sacrifice. Humans are flawed, but this Squirrel represented nothing but happiness. If you are in favor of killing peanut, you can't be good. And if you are good, you can't stand with those who think killing Peanut is good.

[Keone Hon @keoneHD]

On advisors (a few thoughts for founders):

It is totally understandable why founders sometimes choose to give advisors equity in their company. However, it's also usually a mistake.

Building a company is hard, there are a ton of new problems to solve, and it is very tempting to see an advisor as an immediate solution.

However:

1. You can get a lot of advice for free

This is a space where all of the experts are on twitter and are just a DM away.

You can DM me anytime with your company-building problems and I'll try to respond as best as I can. (If I miss your message, please ping again!)

You can also just... post your problems (obviously, use common sense about sensitive subjects) and people will reply. People love offering their opinions!

Advice shouldn't cost you anything

2. There isn't a substitute for solving the problem yourself, and the learning is worth it

The founder's journey is full of solving unfamiliar problems. You have to figure out product, recruiting, pitching, social media, BD, security, user acquisition, and more. You are probably expert at 1 or 2 of those things from your prior experience.

But the only way to learn each of these things is by doing them. As you do that, you'll get better at learning new skills and gain confidence overall.

An advisor can temporarily help you with 1 or 2 areas, but ultimately you'll still need to learn by doing

3. You are overestimating the amount of credibility that your advisor gives you

This instinct is understandable too. Your team slide in your pitch deck is pretty bare. Your team has limited experience building companies. What better way to convince investors that you are credible, than to add on some super-experienced advisors?

The problem is that advisors are low-signal. So many projects have advisors. So many advisors are advising so many projects. Investors realize that an advisor is going to have very limited impact on the success of the project.

Investors also know that your experience is limited. Duh. That's why you are an early-stage founder. Your job is to learn. You would be way better off showing examples of your ability to learn new skills or to tackle unfamiliar problems, than you would leaning on someone else's credentials.

For me personally, I actually love to see a team slide that doesn't have advisors, where the team just owns their own accomplishments and recognizes what they have to learn

4. The amount of time your advisor can give is very limited compared to a FT employee

Realistically, anyone outside of your team is going to end up putting in a tiny fraction of the time that a full-time team member will.

A full-time team member is giving 40, 50, 60+ hours of their time every week to make the project a success. An advisor might put in a few hours a month. That person might be a lot more effective with each hour due to their experience or connections - but will they really be 100x more effective?

Success comes from doing the thing, and doing the thing just requires time. No way around that.

Also, there is a real issue with giving advisors outsized stakes relative to employees who are putting in the work

5. Your expectation is probably much more optimistic than reality

The Big Mac that you bite into always looks worse than the picture in the drive-through. We are all guilty of being overly optimistic, but this is especially true of early-stage founders.

It is understandable to be overwhelmed, and then have an advisor pitch you on their services and want to say 'yes' so that they make your life easier.

The problem is that founding a company is hard, and will still be hard with the advisor in place. And it will get harder in the later stages. The only way forward is to build intrinsic strength in the form of your (and your team's) capabilities.

If you are playing level 1 of a video game and you find it hard, you should get better at the video game rather than using a cheat code. Because what are you going to do when you get to level 2?

6. There is an adverse selection problem

The people that would actually be the best at giving you advice are probably not going to be your advisor. The person that reached out to you and offered their services as an advisor... yeah.

In fact: the person that would be best at giving you advice will probably give it to you for free. (They just won't be your advisor)

There are some unique situations where an advisor might come in to fill a short-term gap. For example, if you are a nontechnical solo founder and you need to identify the ideal CTO... that could be tough. An advisor who specifically helps you vet potential cofounders could be super helpful.

But even then, you should think carefully about how much to 'pay' the advisor, and see if there are friends who you could lean on in a pinch to do it for free. Startups are about being frugal

Closing Thoughts

Early stage is about speed of product iteration and speed of learning. It is rare for advisors to be able to help you with that. You alone are the determiner of your success.

Early stage is a struggle because you have the least experience and the fewest resources. The good news is that your experience will strictly grow over time. There isn't really a shortcut for struggling.

The web3 community is highly connected and there are a lot of resources that you can tap into that shouldn't cost anything. At least try it first!

If you have a problem, DM me and I'll try to help you reason through your problem.

Good luck to all builders, I am rooting for you 💜

[nader dabit @dabit3]

you can do what’s right and still earn more than enough to live a life more comfortable than 99+% of people on this earth.

is it worth the anxiety, the weight of it all on your conscious, to hurt people just to reach that next level? when positive sums game exist.