FAANG growth was fiat nonsense. Ploughing in crazy money to build a large enough walled garden that could eventually be monetised.
That won’t work here and most fiat companies that try to become bitcoin companies because of nostr will also fail.
This is a new paradigm.
I definitely agree this is a new paradigm
smaller, non-rent-seeking companies
VCs/investors will have to adjust to this new reality
It’s going to be a big change, a company office occupying several floors in prime spots, chef made lunch, talent getting paid from credit sourced from investors, to keep up with inflation, with valuation based on vanity metrics.
To new smaller non-funded companies, 20 people, iterating on ideas of their competitors delivering value to the community.
Valuation is the capital in Bitcoin, not the company itself. All are shareholders in this.
it’s going to be wild if true.
Adding value first, then getting paid. Wow what a novel, rational idea. 😂 Fiat signals have completely fucked the way our society has coordinated itself.
