David @SGV

@d

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1572 Followers

David @SGV pfp

Day 6/7:@mbd investment memo on @paperview @yassinelanda.eth ML experience and deep web3 social passion brought us conviction that the next wave of dapps will be powered by customized algos They’ve scaled revenue, partnerships, and brought on great talent like @albiverse Which memo do you want to see tomorrow?

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Day 5/7: @ponder Investment memo When we met @cojo.eth and @ba, we knew their focus on leveraging Farcaster frames would generate vitality on a casual trivia/quora like game Fast forward and it has paid off, Miniapps are taking off, and Ponder is at the forefront of usage

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Day 4/7: @neynar’s investment memo Available to view on @paperview (free for FC pro users) @rish and @manansh were building a CapCut for NFTs, but they were also externalizing their infra back then, a glimpse on what it would become

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You can just build things

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Here’s our Tome (formerly Seam) investment memo @ncc is operating one of the under the radar crypto enabled (and abstracted) social products out there Free to view for Pro users on @paperview

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Day 2 of investment memos on @paperview This time: @unofficial by @christopher and @erica Nice to reflect back and see how things change but the core stays similar: A great product built on great infra Who’s should we do next?

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The correct way to operate a scale up protocol

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Some snaps: - Most pitches are around crypto as a casino, but everyone once in a while there’s one of crypto as deep disruption to an industry. Those are moments to stop and think - GC incubated Jeremy Allaire as an EIR. Another point for EIR programs - Don’t try to grapple with Circles revenue, ebitda, or net profit multiples. They are multiple times higher than anyone else, in any industry. The market outlook is clear: USDC will overtake USDT, 10x faster than the blink of an eye and more... https://paragraph.com/@socialgraphventures/cycle-snaps-4

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Operate in your core zone of genius, and let others do the rest

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Over the next 7 days I will publish @socialgraphvc investment memos on @paperview The first: Pods, by @0xl, @drewf.eth and @eabnelson Who should we do next? (FC Pro users view for FREE)

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$CRCL venture investors were the real winners today: 2013 Series A @ $0.26 → 319x 2014 Series B @ $0.96 → 86x 2015 Series C @ $2.17 → 38x 2016 Series D @ $2.76 → 30x 2018 Series E @ $16.27 → 5.1x 2022 Series F @ $42.13 → 2x The big winners? Accel, Breyer, General Catalyst, and IDG.

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Where your fear is, there’s your task

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Virtual Worlds https://x.com/blakeir/status/1928833441094578456?s=46&t=jlO8oBVg4bsgKeZixII2Kg

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I just bet on this Onit market, my money is on PSG 🎯

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Labs vs. token revenue: Two ways to look at it. Either, it's a direct investment (cost) of R&D in the PnL. Or, a direct syphon of funds. It depends on the project.

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Ratifying @procoin governance

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3 takeaways from @theiaresearch recent chat: 1/ Crypto companies have a higher cost of capital, so an investor demands 5x revenue multiples, vs. 10x+ on US equities 2/ We need S1s and quarterly report equivalents for crypto. Guidelines the best tokens should follow to signal their quality 3/ Incentives, points, narratives, these all will lead to false PMF and teams wasting time and resources. Find PMF first https://youtu.be/99XsVSN_doQ?si=WTevMDAAFLFcxbIM

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I am Farcaster Pro User #1,255, I signed up 11 minutes after launch, check yours!

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Pro is the living proof that a strong community will support whatever crazy business model a good product ships Regardless wether Pro will be the main value driver for Farcaster, it’s a marker of pmf

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Yesterday, @balajis.eth posted his first coin on Zora and it got up to 8M in market cap. It has tanked as he started posting more stuff on his profile The og post has done 27M in volume, which is ~270k in revenue for Zora (split among @zora and creators)

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