Nathaniel Sokoll-Ward | Villcaso pfp

Nathaniel Sokoll-Ward | Villcaso

@nsw

67 Following
15 Followers
Nathaniel Sokoll-Ward | Villcaso pfp
Nathaniel Sokoll-Ward | Villcaso
@nsw
Every project that's failed has left behind lessons that bring the next set of entrepreneurs closer to cracking this nut. There's now a realistic shot at finally getting this right. We're fortunate to have David's support along with his insights from past experiences in the problem-space.
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✳️ dcposch pfp
✳️ dcposch
@dcposch.eth
Lots of projects (across startups, tradfi, & crypto) wanted to let people buy real estate in shares instead of whole buildings. David's brilliant and was in that arena trying things. Here's the best writeup about why it doesn't work, and what might work instead: https://twitter.com/0xdjma/status/1787829758493139009
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Nathaniel Sokoll-Ward | Villcaso pfp
Nathaniel Sokoll-Ward | Villcaso
@nsw
LFG
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Nathaniel Sokoll-Ward | Villcaso pfp
Nathaniel Sokoll-Ward | Villcaso
@nsw
Best swag of ethdenver is definitely this bag of unbranded gloves from Euler
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Nathaniel Sokoll-Ward | Villcaso pfp
Nathaniel Sokoll-Ward | Villcaso
@nsw
The Case Shiller index has US home prices at a new all-time high. Expect this recurring headline for the next 5 years
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Nathaniel Sokoll-Ward | Villcaso pfp
Nathaniel Sokoll-Ward | Villcaso
@nsw
The FDVs on the RWA (or in Parcel's case, RWA-adjacent) protocols are getting juicy. See Ondo @ 4B FDV. Feels like a good time to be launching something new
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Nathaniel Sokoll-Ward | Villcaso pfp
Nathaniel Sokoll-Ward | Villcaso
@nsw
just getting out of an uber. the driver talked about crypto the whole way. i get dropped off, and there are 3 cabbies....all discussing crypto. new game: start asking every uber driver which meme coin to buy
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Nathaniel Sokoll-Ward | Villcaso pfp
Nathaniel Sokoll-Ward | Villcaso
@nsw
Good post from Very Early Ventures summarizing the points landscape and best practices: https://mirror.xyz/veryearly.eth/n7i4f62CnvlPW7icpWkBwwAAlRjK213xgXuYNGGcM_I
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Nathaniel Sokoll-Ward | Villcaso pfp
Nathaniel Sokoll-Ward | Villcaso
@nsw
11/ When builders start offering “private fund quality” investment products with the onboarding, transparency, and utility of defi, then you’ll start seeing serious off-chain capital find a new home
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Nathaniel Sokoll-Ward | Villcaso pfp
Nathaniel Sokoll-Ward | Villcaso
@nsw
10/ The takeaway: Different sales/growth models for private funds get unlocked when you radically improve the investor experience.
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Nathaniel Sokoll-Ward | Villcaso pfp
Nathaniel Sokoll-Ward | Villcaso
@nsw
9/ The “sales motion” of trad private funds are so high-touch, that by the time the investor has agreed to a deal, they’re willing to eat glass to actually get their money deployed. Defi is different. The sales motion is low-touch and the buying behavior is often impulsive.
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Nathaniel Sokoll-Ward | Villcaso pfp
Nathaniel Sokoll-Ward | Villcaso
@nsw
8/ Making a (permissioned) defi investment is an interesting counter-example to the investor experience in private funds. You have all the same user needs: education, KYC/AML, agreeing to terms, transferring money, reporting, etc, but the products feel worlds apart.
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Nathaniel Sokoll-Ward | Villcaso pfp
Nathaniel Sokoll-Ward | Villcaso
@nsw
7/ Let’s tie this to defi — because a lot of defi products are really just offering “funds” by a different name...
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Nathaniel Sokoll-Ward | Villcaso pfp
Nathaniel Sokoll-Ward | Villcaso
@nsw
6/ The landscape is reminiscent of stock investing pre-eTrade, or home loans pre-Rocket Mortgage. All the incumbents are offering stagnant consumer experiences, and nothing improves until a new entrant threatens market share and forces change.
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Nathaniel Sokoll-Ward | Villcaso pfp
Nathaniel Sokoll-Ward | Villcaso
@nsw
5/ Fund managers buy this stuff because it makes their compliance teams happy. The fund investors don’t figure in to the calculus because no matter where they go, they’re going to experience the same level of suck.
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Nathaniel Sokoll-Ward | Villcaso pfp
Nathaniel Sokoll-Ward | Villcaso
@nsw
4/ Ex 2. "Sure, it can ingest investor funds. We’ll just flash the wire details on the screen and the user will go over to their bank, copy all the numbers, send the wire, then you’ll just watch the fund’s bank account for an incoming wire, match it to the user, and manually mark the money as being received" 🙄
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Nathaniel Sokoll-Ward | Villcaso pfp
Nathaniel Sokoll-Ward | Villcaso
@nsw
3/ Ex. "Sure, it handles KYC. You’ll just manually upload photographs of your ID and then wait 5 days to get approved. And if there’s a problem with the photo you sent, we’ll call you up to let you know and you’ll start over again."
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Nathaniel Sokoll-Ward | Villcaso pfp
Nathaniel Sokoll-Ward | Villcaso
@nsw
2/ The big picture is that this software is designed with the needs of fund managers in mind, not fund investors. It’s very utilitarian.
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Nathaniel Sokoll-Ward | Villcaso pfp
Nathaniel Sokoll-Ward | Villcaso
@nsw
1/ I've gone deep on "private funds" -- vehicles like hedge/real estate/venture funds. I’ve had demos of practically all the software these fund managers and their investors use and I've learned a ton. tl;dr It's rough, and there’s a huge opportunity More below… 🧵
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DrakeBrian🎩 pfp
DrakeBrian🎩
@drakebrian
https://farcaster.manifold.xyz/frame/41654512
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