Founders

Who needs a cofounder

When you have a brofounder

Brothers are not equal to co-founders. You may lose brothers because of joint ventures.

THE STORY BEHIND DRAKULA

Our first product was Showtime, the “Instagram for NFTs”. It launched in 2021 and quickly gained 50K users. However, people left as they preferred trading NFTs over showcasing them. Many iterations followed, including a marketplace and NFT airdrops, but none sticked.

In consumer, brand matters. Crypto consumers used Showtime once but didn’t come back. We needed a new flashy brand for people to check us out again.

Enter Drakula🩸

Drakula is a TikTok-like app for speculating on Farcaster creators. It’s our biggest success so far: 50K+ users together generated 1B $DEGEN in trading volume ($65M at ATH, $4.5M now) in 2 months. We earned creators millions of dollars. It also helped us afford an extra excellent engineer.

Today, we firmly believe in our “video + trading” thesis. If the economics work this well on such a small userbase, I’m extremely optimistic about scaling this experiment to 1B users.

The best is yet to come. We’re cooking and it’s not demure. LFG !

It's a really good story, it made me interested in drakula again

I hope everyone will remember that cash flow is very, very important

The more I integrate an AI into my workflow the more it feels like working with a really smart human. 

For example, I find myself needing to regularly remind the AI of the parameters of what I want, after it's created a first draft. 

It apologizes and very quickly redrafts it as though it "remembers" but for whatever reason "forgot" with the first draft.

Any tips for how to get your AI colleagues to get it right the first time?

It’s important to work with smart people

Most people are not first adopters. 
Most people will reject your offer. 
But if you do your job,
most people will come back.

Should I write a robot software to help me write casts so that my winning streak will not be interrupted?

In order to be fair, should Elon also offer a conversation on X to Kamala Harris?

Could be entertaining.

Leading by example is the most basic requirement for founders

In the process of starting a business, if there is no way to use other people's time to help you make money, then it is likely to fail.

As a founder, what are good ways of buying back your time with money?

there are no magic bullets

you literally have to spend every day trying to make it better than the day before, every week better than the week before it, every month better than the month before it

there's never a magic feature that's going to change everything; rather it's the accumulated magic you piece together

Step by step, down to earth, this is the only way to success

IMO, if the founders do not listen to the voice of their audience, it means that the project is dead or will be soon.

Is there anything more important than the user’s voice?

Do you have any interesting AI applications that you recommend?

I’d buy the dip but I’m quite broke at the moment

As long as you don't sell, you won't lose money

Effort and destiny are not contradictory, they are combined

Today I coached a friend to become a PM. What makes her most proud is that she said she found a new perspective on understanding things.

The second picture is the result, the first picture is the process

Start a business where users are willing to pay

Entrepreneurs should not always think about colorful things in their minds, as that will take up a lot of your energy.

Kele.eth

@kele-far