Co-Founder @syndicateio ✺. Prev led web3/crypto @IDEOVC @IDEO @CitiVentures @Citi
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Aug 31, 2018 • 12 tweets • 3 min read
1/ For years, people have been waiting and hoping for crypto's "Netscape" moment. The gateway to the web that brought the internet to the main stream.
IMHO, looking for the Netscape for the #crypto space is not a relevant or applicable analogy. Here's why...
2/ The way people imagine crypto's "Netscape moment" is very literal: as a window, gateway, or browser (just like Netscape) to easily acquire, save, and use crypto and access the decentralized web.
1/ In the early 2000s, @ideo pioneered a process for venture development referred to as the "3 Circles" of Desirability, Viability & Feasibility (ideou.com/blogs/inspirat…). #crypto has a long way to go across all, but right now it is really struggling with the first: Desirability.
2/ Desirability is the question of "Do people want it?" and asks, what is the unique value proposition? How do people hear about, learn, try, buy, use, love, and share it? What are its functional but also emotional benefits? How is it 10x better than the current user experience?
Aug 14, 2018 • 10 tweets • 3 min read
1/ Should we be that surprised with what's going on right now with #ETH and ICOs generally? This is what happens when you have $10B+ raised via ICOs in the last 12 months, no treasury management, no product (or users), and liquid/publicly traded market caps and "shares" (tokens).
2/ #crypto is great for the digital world, but for now (and some time), teams and their employees need fiat to pay for real, non-digital things like rent, food, services, transportation, etc.
Aug 6, 2018 • 9 tweets • 2 min read
There is a lot of excitement in “money tokens” and “privacy coins”, and while I agree that those are useful and valuable (to a point), my question is: how many different money and privacy coins does the world *actually* want and need? It’s greater than 1, but less than thousands.
2/ By comparison, today there are ~180 fiat currencies recognized by the U.N. representing ~$90 trillion, ~92% of which is digital.
Aug 3, 2018 • 8 tweets • 4 min read
1/ I believe the reason we are not seeing any movement in the price of #bitcoin from today's mega announcement from @NYSE@Starbucks@Microsoft@BCG is because #crypto now values delivery (scarce) over talk (abundant) fortune.com/longform/nyse-…2/ In traditional markets, public announcements are often made only after material results and impact are delivered, whereas in the crypto markets, public announcements have been used as a means to raise money (to start to build, execute, and deliver)
Aug 1, 2018 • 34 tweets • 10 min read
1/ Protocols, funds, and large #crypto companies are either thinking about or are in the process of launching their own incubators and startup accelerators. Some will be protocol specific; others will be agnostic. Here's the case for why and when this will/won't make sense.
2/ First off, while this is a new trend, history rhymes, and we may have seen this movie (or at least a similar one) before: the rise, fall, and refactoring of corporate innovation labs and corporate accelerator programs over the last 10 years.
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