Matic Robots’ Post

Question: Can you write every line of code, launch a startup in under 2 months, with little to no money, and turn it into a Billion dollar company? Years ago, I was walking through Big Sur California with my friend Paul. We admittedly went on the wrong path, and sat down at a dead end on a big boulder. While we were sitting, this group of 4 guys walk by, led to the same dead end. The one at the front put his hands out pointing to the others where to go. While we were watching all this, Paul whispered: "That's Sam Altman!" I whispered back: "Who's Sam Altman?" Paul explained he'd just replaced the last guy, Paul Graham (whom I really liked)! A week later, we were getting a tour of #YC #Ycombinator in #mountainview. It was awesome watching the startups give mock demos of their products. Sam was reeming out this kid for his lack of confidence. Which I found pretty funny. Paul and I left that day pretty stoked at what we accomplished (literally nothing). Years later, I went on Twitter and read that Sam had a bet... In one year, there would be a solo founder that created a Billion Dollar company with the power of Ai. I'm telling ya, that's gonna be me. Place your bets gents. Place em' well. Try @ https://zeroinbox.ai if you haven't already. Get to #InboxZero with #ZeroInbox

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A recent dinner with friends turned into a debate on web3 adoption, sustenance & its value 🍜 Before web3, I was a PR normie (worked for Big Tech, startups) Now? Marking 2 years at ZKX 🌟 The dinner convo showed me how far I had come 🏃♂️ Here's what I have learnt while working in web3 👇 1. The Art of Pivot: In the world of web3, conventional rules are thrown out the window. Connect with the community, ride the trends, DM on Twitter, and embrace the chaos. Your role can evolve with your interests. 2. The Power of Community: It's truly brilliant. I know many people who contribute to multiple projects and build along with the community. Often used as a growth lever for protocols, Discord and Twitter are your sounding boards. 3. Make every web3 count: They're a cornerstone of the crypto culture. You get to meet so many people, and the ability to meet a developer, a marketer, and a founder working on different projects is just fantastic (And the TG groups and merch don't hurt ) 4. Work, Rest, and Twitter: It's like a Bermuda Triangle. So, it's essential to have a hobby outside of crypto. I'm still working on finding mine, but I'm a big history fan and now obsessed with Ancient Apocalypse (how old is the earth really 👀 ) 5. Don't run from failure: When I joined web3, I felt I didn't know anything. I spent hours reading newsletters and tweets and doing my own research.While learning is never over here, I am no longer afraid of making a mistake. 6. Freedom: Working in web3 gave me freedom in content, memes, brand language & strategy that you don't get in the world of agencies dictated by brand rules. Here, we can make our own rules, which has kept me going Hope this was an interesting read and check out the thread for better memes 😉 https://lnkd.in/exvcAAiz

this twitter thread from Eric Paley on the 2 laws of #startup physics is truly epic. Most original and well-written piece I've read in a while. https://lnkd.in/gD3BSKFz I seriously think all of us should print this out and hang it in our offices. Below are my top 10 of Eric's 55 tweets. # 10 ends with a killer quote to be internalized and committed to memory and practice. 1) The positive compounding formula Experiment with small amounts of capital until a formula is found that generates a surplus of intrinsic value on each dollar invested. Then, and only then, should you deploy capital in an attempt to scale that specific formula. 2) Capital can scale intrinsic value rapidly if you have an engine that allows it to turn $1 into $5 of value. If it has an engine that turns $5 into $1 (or even $1 into $0.99), capital will ultimately compound the negative value formula to zero. 3) Certainly, many companies create intrinsic value ahead of measurable economics. Still, it can be dangerous to believe you can spend millions with no source of true validation – and venture capital is a poor source of validation. 4) All positive systems compound at diminishing rates of return Sooner or later, the return on each dollar invested will shift to negative. If you’re unaware of the point at which compounding goes into the red, you start compounding negative value. 5) Capital creates inertia The faster you spend capital, the harder it is to stop. As startups scale, stopping a dollar of spending is harder than deciding to spend it in the first place. 6) It’s easy to rationalize diminishing returns Founders launch companies because they believe in their vision. VCs invest because they want extraordinary results. Diminishing returns are easy to ignore and truth becomes harder and harder to engage. 7) The bill comes due suddenly A startup can compound negative value for months (even years), but the scale of the loss may only become apparent at an inflection point, typically when trying to raise capital - particularly when the capital markets have tightened. 8) Most VCs want growth so badly that they’ve come to demand it regardless of the cost. This obsession is a short-term optimization with huge long-term implications for the startup, its founders, employees, and, ultimately, investors. 9) Entrepreneurs respond to this market demand by spending poorly on activities they know drive vanity metrics that aren’t sustainable to ensure their revenue continues to grow to meet their short-term goal of raising more money. 10) Instead, focus on low-cost experiments until you discover how to create positive value formulas that justify increased spending. Focus on learning fast, not burning fast.

Summary: This article discusses the latest news and updates in the world of venture capital, particularly focusing on the success of Reddit's IPO and its potential impact on the market. It also covers various startup companies, funding rounds, and investment strategies. Key takeaways: Reddit's upcoming IPO could signal the end of a long period of low numbers of initial public offerings. The use of artificial intelligence in various industries, including social media platforms like Reddit, has shown to be a major factor in driving growth and investor interest. The article also highlights the success and growth of various startups, such as Ada Ventures and Fluent, as well as the potential impact of new climate regulations on the venture capital market. Counter arguments: The success of Reddit's IPO is not guaranteed and could potentially fail, impacting the company's valuation and the overall market. Some may argue that the use of AI and data-driven strategies can also lead to ethical concerns and potential negative impacts on society. #venturecapital #privateequity #IPO

🌎 ✨ Thrilled to have showcased EQBR Payment Solution for Enterprise at #Consensus2024 in Austin, TX! 👏 Big shoutout to Soon Kim for his dedication and hard work in representing us at #Consensus2024! His efforts on the PitchFest stage garnered significant interest, and we're eager to dive into further discussions. Also big thanks to our team at EQBR, partners CoinDesk, and #GoogleCloud for their support in making this happen. Stay tuned for more exciting updates and news in the coming months! 🌟 #EQBR #Blockchain #PaymentSolution

My take on what went wrong with Koo, a truly inspiring made-in-India story that warranted better long-term support and handholding for growth beyond the hype. However, market forces have their own ways of dealing with the challenges and realities of sustaining a tech startup in a competitive environment. Koo started with a bang, offering a unique platform that embraced India’s linguistic diversity, quickly gaining traction with high-profile endorsements and an expanding user base. However, financial instability and strategic missteps led to its unfortunate shutdown. Read my analysis in Voice&Data on the rise and fall of Koo, the lessons learned, and the critical takeaways for tech leaders. Mayank Bidawatka, Aprameya Radhakrishna

🔍 Are you thinking about launching a new tech venture?  Discover the pros and cons of each approach and find out which one suits your business needs best. Or even better book a discovery session with one of our experts today; https://lnkd.in/eJbRsXxW  #NoCode #TraditionalCode #TechVenture #StartupAdvice

How Coinshift survived the bear phase in the last 2 years and processed ~300M payouts volume with over 250 blue chips as monthly power users? For me personally, 2023 was a year of evolution - from a passionate founder to a visionary CEO. It's just the beginning. We've had our low points, including multiple firings and the security breach, but these experiences have only sharpened our focus and determination. When I started Coinshift, many doubted the potential of building a VC-backed company on top of Safe contracts. But we didn't just enter the market; we created a niche. And we will continue to disrupt and lead. Looking back at 2023, it's clear we've journeyed through a year of remarkable achievements and faced our share of challenges head-on. It's been a year of growth, learning, and resilience, and every single one of our team has played a crucial role in this journey. At Coinshift , we strictly follow zero assumption model of understanding the problem statement and unless we understand the problem fully, we dont get into solutioning. Any capable team can build a great solution but the problem should exist and this is where majority of the startups fall behind. 2023 Product launches 1. Portfolio History 2. Cash flow Reporting 3. Notifications for Slack & Discord 4. Coinshift Apps - The biggest launch of the year 5. Base, PolygonZKEVM, Celo Launch All these product launches have almost zero relation to our competitors and high obsession over understanding customer needs to the bottom. We took a very different approach of building things than competitors with a very small team. This is the sole reason of our survival. Don't follow competitors blindly. Challenges Overcome 2023 wasn't without its challenges. We learned how to execute successful launches, navigated through a security breach, and worked tirelessly on customer retention. We also turned the tables on the noise on Twitter, strengthening Coinshift as a brand. And notably, we stood strong even as two of our major competitors shut down. These challenges tested our resolve, but we emerged stronger and more united. We are cooking something exceptional from the last quarter under the hood which is going to disrupt the way you will interact with onchain assets as a business. Today majority of the organisations keep more money in fiat than crypto and we are going to flip that metric soon. Stay tuned! Looking ahead to 2024, my vision is to make Coinshift a legendary company. My focus will be on ensuring we hire and retain the best talent and continue building our brand.

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