the crypto cycle nobody talks about: bat: going heads down to build for months, getting a lot done, and losing touch with the community. butterfly: hitting the event and social circuit, being fully plugged in, and getting so little building done.
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In the last week have heard of 3 early stage rounds with token conversion or other terms that will screw founders later. Hate when VCs take advantage of the info asymmetry. if you're raising for the first time plz talk to other founders and read Venture Deals. Or DM me - i'm no expert but always happy to share.
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We've been talking about open systems needing flexible reputations computed on verifiable data for so long, it's kind of crazy it's actually happening all around web3 at once. h/t @sahil for making me pause and fully appreciate that.
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