David @SGV

@d

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1295 Followers

David @SGV pfp

It's great so see a lot of our portco's in the base app @neynar and @rish powering farcaster infra @yassinelanda.eth and @mbd with personalized feeds @jacob and @zora powering posts + A bunch of other miniapps, like @ponder by @cojo.eth , @aux.eth by @bodge.eth , and more

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Even Etherfi is waking up and going after the consumer opportunity... in this case, a neobank for their ecosystem whales. And it's working wonders There's a recently launch venture fund, with a broad mandate, and then the restaking It's great to see leadership teams move fast and rebuild https://x.com/capradavis/status/1944865049350467900

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Still thinking about this shift: For years we funded what looked like growth Now we’re funding what looks like a business If you missed it, here’s how we’re thinking about the revenue meta: https://paragraph.com/@socialgraphventures/the-revenue-meta-is-here-and-its-reshaping-consumer-crypto

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What’s the most overbuilt feature you’ve seen in consumer crypto? I’ll start: complex time-locking staking mechanisms no user actually understands

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Revenue, margins, retention, repeat usage All of them, alongside product thinking and grit, are the evals we use for consumer founders

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I used to chase growth charts. But after seeing founders cook their metrics one too many times, I now ask: Who are your top 3 customers? How much do they engage (and pay)? Why are they coming back? It frames the conversation around what actually matters: repeatable usage

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I used to lean too hard on metrics. Still do, sometimes But the more founders I meet, the more I realize that the strongest signal is how they think, speak, and move Qualitative insight is harder to measure. That’s why it matters

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Been coming back to @dau It’s not just about earning a few cents It’s the subtle loop: complete tasks, engage onchain, bump into others doing the same Feels like a primitive version of onchain social gameplay

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Cycle Snaps from this week at @socialgraphvc: 1/ A Telegram ads analytics platform we’ve tracked is evolving into infra. Wallet-based targeting across TG, and growing 2/ Some wallet neobanks are doubling down on privacy, but we think the real wedge is embedded UX and GTM. Every consumer app will have a wallet baked in 3/ Met a team aggregating your TikTok, Spotify, and X data into an interest graph, recommending people to meet and sites to visit. Feels like the future of social for nerds 4/ Pump ICO feels inevitably big. Obscure token models aside, leaning into content as an engagement multiplier is what will get them there Consumer crypto’s still full of weird edge bets, and we’re into it

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Telegram Ads are still in the stone age. - No real targeting - No channel discovery - Manual entry for *every* placement Despite 500M DAUs, their ad stack feels like 2012. Someone will figure it out

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Promoting the beautiful game on Farcaster 🫡 I just donated to @ashmoney.eth's crowdfund "/football channel crowdfund"

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Ambitious founders don’t just have big ideas They make you feel like it's already happened, and you're catching up We lean in when it feels like that

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Strong teams without distribution edge don’t win in consumer crypto https://x.com/nickconfrey/status/1942667684140965972

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@tike’s is high energy founder, with a relentless focus on micro transactions. Even if noice is not it, I’m sure he will plow through Some folks to follow @kaloh @jakub and @sathaxe

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This slide from Coatue got me thinking on crypto Which tokens are doing 100M+ in annual rev + growing >25% + profitable? JTO, AAVE, SKY, MKR — these should have 10x+ multiples

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Circles exuberance is a double edged sword Too much of it and a crash might open up opportunities for emerging stables

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Exaptation is when a trait evolves for one purpose but gets repurposed for another. Feathers where for temperature regulation. Later exapted into flight. GPS. Same story. Two researchers tracked Sputnik’s waves using Doppler shifts to locate the satellite’s orbit. The military inverted the idea: what if you knew the satellite orbit, and used it to locate yourself? We call this non-skeuomorphic thinking NFTs aren’t just digital art. They are portable identity, access, and incentive rails. Coins aren’t just speculative asset, they’re programmable social glue. Exapt

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I've been reading Where Good Ideas Come From by Steven Johnson, recommended by @nickgrossman.eth from @usv — highly worth your time. One chapter in particular struck me. It explores the idea of “slow hunches”. The quiet, half-formed ideas that persist over time. Johnson illustrates this through Darwin, whose notes contained the seeds of evolution years before he had his "breakthrough." There was no single Eureka moment. Instead, the insight matured, by repeatedly revisiting and layering ideas over time. This got me thinking: 1/ How do we back founders with slow hunches—those patiently iterating on a deep insight? 2/ What are our slow hunches at SGV? Some themes that feel like slow hunches for us: Miniapps as the thin, interoperable layer for crypto-native UX Vibecoding as a new distribution paradigm for apps and tokens Onchain consumer markets moving beyond finance into health, gaming, identity, and culture These aren't finished bets. They’re ideas we keep circling back to, refining as new data points surface.

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You're Zuck for a day, what would you change? -------------------- Social media is a doubled edged sword, with the negative side affecting younger ones specially. If you were Zuck (or other) for a day, what would you change? -----News-Link------ https://www.washingtonpost.com/lifestyle/2025/06/11/social-media-use-depression-tweens/ -------CA-------- 0x11fD62E878742b69b874123597cBF56EFBAf827F

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Writing this was super fun My main takeaway: Vibecode, or die DMs open!

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