Jeff
@jeff-xyz
411 Following
1599 Followers
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I donāt think most people see the real conflict right now.
Crypto and Web3 are making noise (lol, noice). TradFi has been watching for years, but now theyāre finally talking. My guess is they want retail to start piling in.
Is that good? I dont know.. maybe?
Thereās the old Chinese story I keep thinking about:
A farmerās horse runs away.
Neighbors say, āThatās terrible.ā
He says, āMaybe.ā
The horse comes back with wild horses.
āGreat news.ā
āMaybe.ā
His son breaks his leg trying to tame one.
āAwful.ā
āMaybe.ā
Then the army shows up to take young men to war and his son is passed over.
The point is, we donāt know what anything means when it happens. Could be good. Could be bad. Time reveals the truth.
Right now, everyoneās hyped. BlackRock, Fidelity, Visa, JPMorgan, and Robinhood are all in. Feels like we made it..
But Iām not buying it, yet.
Custody is centralizing.
Privacy is fading.
Self-sovereignty is getting traded for convenience.
The same intrusive surveillance rails are being rebuilt onchain.
Is this the kind of adoption we wanted? Is this what the tech was meant for?
Itās concerning.
Robinhoodās team, including Vlad, is now trying to position itself as a Web3 leader. Itās worth remembering they were at the center of the GameStop freeze. You may remember, they took away the buy button for GME & AMC?
They halted trading while working closely with market makers like Citadel, whose incentives were clearly not aligned with retail. That was 2021, not ancient history.
Does that sound like the future we want?
Are we building something better, or just handing old power a better set of tools?
We donāt have to call it bullish or bearish.
Just think we need to pay more attention.
Maybe itās good. Maybe not.
Weāll see. 12 replies
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Startups today are even leaner than they were 20 years ago. Not just because the tools are better, but founders are better. Especially in Web3 (..no bias). Theyāve got better access to capital, creative ways to distribute, and a better understanding of product-market fit.
It used to be that a typical founder could build and maybe / hopefully sell. But term sheets, fundraising, and real GTM strategy were out of their wheelhouse and others needed to burden those things.
With small teams now.. expectations are high because everyone understands those roles today, and thereās nowhere to hide.
Every skipped task, dropped ball, every āgood enough.āā¦ that š© stacks up and it stinks.
The difference between something that works and something that wins (like most things in life) are determined by the people that focus on follow-through, obsession, and intent. Building isnāt about just having a good idea, itās about commitment to the vision, to the people beside you and to the future you say you want.
Shortcuts donāt pay off in the long run (unless you rug a memecoin like $LIBRA, s/o to that dork with the cutoff sweatshirt).
If youāre half in, youāre slowing it all down. Thatās been a big takeaway from talking to founders the past two months on the show. Theyāre obsessed, and love what they doā¦and same with their teammates.
Seems like everyone weāve interviewed had that common theme, felt like this was worth sharing. Cheers everyone and have a great weekend. 1 reply
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