Family first. Always
I LOVE HOW EVEN REPLIES ARE IN CAPS 😂😂😂
Founders are often more exposed to the success of a business, given it’s their skill set, time, and reputation truly on the line. Totally agree on that
Well you couldn’t script that one!
I always really liked the idea of building in the open
Or was something that I saw promoted by people on Twitter
FOSS is a whole new level of that type of vibe
Amazed I didn’t come across it earlier in that sense
So posting notes on what you’re building in Nostr is a 10x
Saylor isn’t playing that game though
He’s a publicly traded company leveraging their balance sheet
What a masterclass to witness mind you
So true. People struggle to part with their sats due to the capital appreciation potential
Early stage equity investing on a Bitcoin standard is the exact opposite of the “spray & prey” approach of many fiat VC funds
I’ve been so influenced by the pioneers of internet entrepreneurship in the 90s
Almost in awe of what was done
Realised lately, that we’ll look back upon Bitcoin & Nostr as akin to that period
An unbelievable time to try new things. To fail. To try again. & build a valuable new future
💪🏻
Love that 👏👏👏
Let’s learn together
Indeed. But just because the marginal cost comes down doesn’t mean you can’t build a big business
Other levers I would look to in order to retain a decent customer LTV:
- UX/UI
- Brand
How do exchange businesses not cannibalise each other? They compete on other things like the above
I wonder how you could portray that into a shareholder agreement…?
Will think about it
Decentralized social networks were my main focus during my PhD. After I graduated early last year, my classmates Younes, nostr:npub1f6kxlwfx57gmq6lrlmh2l3ry2n094gd7883gpvgz4wa3jwg3ua3q3vzhxn , and I went all in on building Yakihonne. This marks our fourth year exploring decentralized social networks.
For the first three years, we built a well-known decentralized research media platform in Asia. We experimented with decentralized creation, funding, and moderation to make media truly decentralized. From 2020 to early 2023, those were some of our happiest times—joining hackathons, winning grants, and focusing on decentralized media. We managed to achieve decentralized content creation for research communities.
In February 2023, we built a decentralized media client based on Nostr and secured some funding. In the early days of a small team, doing the right things and maintaining funding is crucial. Nostr's early phase, combined with the challenges many decentralized media projects have faced, made securing funding particularly tough.
I really believe in the Chinese saying, "After endless mountains and rivers that leave doubt whether there is a path out, suddenly one encounters the shade of a willow, bright flowers and a lovely village.” 山重水复疑无路，柳岸花明又一村。
At the Bitcoin Global Summit in the US, I met nostr:npub1ughzzpqra3hly3dqw0ta6n8al8xpyn703u2vjd2dx6me3l7y0jlq7xktzm , npub1xtscya34g58tk0z605fvr788k263gsu6cy9x0mhnm87echrgufzsevkk5s , nostr:npub19qharf5037zxxp8dgws7ukcxqjvxt9vq3rf3gqye94ga85jmu2dsvyy3ww , nostr:npub1j8y6tcdfw3q3f3h794s6un0gyc5742s0k5h5s2yqj0r70cpklqeqjavrvg and others who gave us much encouragement and inspiration. In NV, I was asked if our projects on Nostr were competitors. My belief has always been that we are in a positive sum game—building the ecosystem together and creating growth, rather than being competitors. This is the nature of Nostr and a necessity for the future development of the world. The virtual digital world is vast enough, and we don’t need to cling to zero-sum thinking from the industrial age.
On my way back to Singapore from NV, a series of delays turned a 24-hour journey into 40 hours. Luckily, I still met my PhD supervisor. We had a great conversation about publishing and media through the lens of AI, social computing, advertising, and intelligent philosophy . Over the past 20 years, my supervisor has spent almost half of each year traveling to different countries, promoting the development of AI and complex systems. Now he’s more focused on making sure his students stay healthy.
Over the past two years, I received a few invitations for journal submissions, but I had to delay them due to my busy schedule. Moving forward, I plan to publish our latest research as papers, introducing Nostr and decentralized social networks to more academics, and inviting more researchers to join the Nostr ecosystem.
Right before boarding, I received support from an international academic organization, which really lifted my travel fatigue. Together, we’ll be planning a series of initiatives to engage the academic community in discussions about Nostr.
A big thanks to my team and nostr:npub14sq5ujkfavz8dpkduyf2e8zkpvakykl0gjfptyjxteaffkcecnxq8pgqkq for supporting Yakihonne and helping us grow.
Wendy
OD311 Flight
2024-10-09
Keep going
Amazing work
💪🏻
When you hear nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m talking about how Nostr is the first true implementation of micropayments
One can’t help but get drawn in
What a time to be part of all this
If only as a user
🙏🏻🥳
Must say I really like the idea of Nostrocket @gsovereignty
Immediately intrigued as to how private capital fits in
Listened to a few of your pods & it’s fascinating
As equity investors one is hugely exposed to nation state risk
Fixing that is a HUGE problem which few realise
Good lens for vc: Add to the whole
Bad lens for vc: be as extractive as possible
It’s been notoriously hard to make successful Vc investments in Bitcoin companies
Especially when Bitcoin is the hurdle rate to compete with
Hunch: Nostr is different.
With better digital identity, user controlled data, & the app market already showing great traction, it seems a great place to deploy some capital in early stage equity
Ie with Nostr it will be possible to scale a private business
The key of course is to find great teams, & workable business models
Great questions.
For the first questions easiest to check out their website
https://tribeimpactcapital.com/
Fixed income = a bond (debt)
UK gilt = Uk government bond
🙏🏻
“Wait, what do you mean, it’s my problem…?”
People don’t like accountability
They’ll run back to X or whatever
I am just reading a wealth management report that is an “impact” specialist
The report starts with stuff about the UN Sustainable Development goals
Then how they are mapped onto the investment portfolio in terms of key criteria
2nd asset on the list, a fixed income allocation, drum roll, to UK Gilts…
Yup, government debt is acceptable in a impact investor portfolio
🤯