Alex Becker's 2022 Crypto Investing Strategy Revealed

when the market is getting overheated like this and super hot, there is opportunity to make crazy amounts of gains with low capital investment. Alex Becker just revealed his game plan to make millions in crypto this year. Alex is now out of long-term investor mode, exiting his Bitcoin and ethereum Investments, and has turned his Focus to buying mid and low cap altcoins in the crypto gaming sector at discount prices. so in this video, we dissect Alex Becker's investing strategies that he believes will provide 10, 20 or even 50 times returns, making millions in the crypto market. so let's go over his first investing strategy: hedging. let's tok about what I am seeing right here and what I'm planning to do, because I'm trying to win in both scenarios. there's a chance. I am totally wrong here and I have a situation where I can win bigly, make 10, 20 X's very, very easily. if I'm wrong here, if I'm right, this is going to set us up for a whole other really awesome buyer. see how Alex wants to win. either way, this is a strategy called hedging. hedging is when a person wins regardless of the outcome, winning big one way and winning small the other way, but never losing in either scenario. it is a classic investing strategy used by professionals to make sure they follow Warren Buffett's first rule of investing, which is to never lose money. strategy number two, knowing his entry and exit points before investing. okay, and you can see that the S P 500 was pretty much bottomed at this time. we missed it by just a bit, but that's fine. the whole point of how I trade and how I trade everything is: I don't try to absolutely time the bottom and I like right now, I'm not absolutely trying to time the top right here. I'm trying to get in at a good time and leave it a pretty much good time, AKA leave 80 of the way up with all my profits, instead of trying to max out the top, because that never, ever Works. Alex uses the 80 principle for taking profits, where he looks to get the majority of profit without perfectly timing the top and bottom. he explains it again in another way. like I said, I try to get out 80 before the top or 20 before the top. eighty percent of the way up is fine with me. that's fine worked. it's worked well for me. every time I don't do that, I get my butt handed to me. his philosophy embodies the phrase: Bulls make money, Bears make money, pigs get slaughtered, being content with a decent profit instead of expecting the most profit and ultimately losing most of it due to being greedy. next, he shares his third strategy, which is being adaptive depending on current market conditions. this is different. I'm looking to switch modes. I'm no longer a long-term investing mode. there's a different mode I need to get into at this point that I see coming, as Alex reveals, he's not in long-term investor mode anymore and he shares exactly where he is putting his focus and money to work. listen to this, but what I'd rather do is take out that million dollars I have now and go down here, and so what I would rather do is go down to Mid caps and low cap coins and because if eth goes to four thousand dollars, we are going to see these coins down here and the coins I tok about here in a second, but this could be literally any coin- uh, that's a micro or lower cap. we're gonna see those five and 10x. as he said, Alex knows the pattern of when the larger cryptos of Bitcoin and ethereum start pumping that the low-cap coins start to explode roughly two weeks later. so he would much rather be in an investment that would yield five or ten times than a small chance of doubling his return by investing in these smaller market caps, lower priced coins. when they are heavily discounted, they provide a much larger return on investment during the next Bull Run. This is another strategy called position sizing. watch how he explains it here. we can put in a lot less capital in the crypto markets- which are in a very dangerous spot right now, in my opinion- and see the same returns than if it went to, let's say, four thousand, five thousand dollars. we're gonna see better returns if Heath goes to ten thousand dollars. these mid caps and micro caps are going to 2050x. next he explains his reasoning for using these strategies. the reason why I say trade like this is because look if, if eth goes to ten thousand dollars, all these coins are gonna five, twenty x, easy, easy, okay. so you might as well just be in these coins. and the second: the crypto Market gets wiped out and ethereum gets wiped out as well, while these coins are gonna get wiped out as well. so if you're gonna be in the crypto market during a pump or a bull market, you might as well be in mid caps. next, Alex Becker explains his method on how to find great investments in the medium and micro cap coins in the crypto sector that he believes will provide the greatest returns. now what I'm going to be doing is I'm going to be moving into coins that I really liked before that are just in the absolute dumpster. first tip I have for you: look at the ecosystems where the narrative is. if you want to get in the polygon Matik, look for the stuff that's being built on polygon. look for the stuff that I just say polygon. look for the stuff on Solana and polygon. this is where the narrative is. where I think the best returns are going to be are gaming coins. the reason why he's gonna get the biggest returns is because they've gotten the biggest losses and the narrative is still there. we still have Facebook and all these companies rolling face type into this stuff. I'm gonna look for the studios. I'm gonna look for the launch pads. I'm going to look for the platforms. I'm gonna look at the overhyped games. finally, Alex shares his game plan and how he thinks the markets will play out and which strategies will work out best. I'm waiting till Bitcoin busts 30, maybe even 33 000 before I start doing this. is it gonna do that? is that a way off? yeah, are we missing some gains in ethereum and Bitcoin right now? yes, but we got into Lowe's. my gains I'm happy with, I'm fine. this is that I did not expect to make this much money this fast. it's cool, it's it's fine. you know, I I will sit this one out, because it is is going to be much more unbearable for me to lose all the gains I've made versus miss out on some of these ups right here. so to recap his game plan, he's selling his Bitcoin and ethereum positions, taking all the profits from those Investments and buying medium and low cap coins in the crypto gaming sector. essentially, he's only risking the profits he's already made in the past couple of months from his large cap crypto Investments and isn't using any new capital to invest in the higher risk crypto gaming tokens. it is a genius game plan and investing strategy and one that can be repeated every time Bitcoin has a short-term rally and its price goes up. and if the price of Bitcoin really goes up, crypto gaming- all coins exploding aren't far behind and that is where fortunes will be made. also, if you'd like to see more reviews of crypto investing opportunities, watch the videos right here. thank you for watching and I'll see you in the next, next video.

How Businesses Can Compete With Amazon, Ethereum Sign-in + Messi Football Analytics // Ep 19

welcome to another episode of not investment advice. we've got our man, jack butcher, here. visualize value founder and trunk fan meme master flex himself, and this is below zadie, as always, um, boys, let's get straight into this, because amazon um is apparently getting into the physical retail business. they've been using department stores, right, yeah, so it's coming full circle. now, man, this is, this is hilarious. second, speaking of department stores, let me, let me pimp a product. we don't have advertisers on nia, but we can always dream. so, man, you know, i like all type of caffeine delivery vessels. this is my new poison bros. you guys seen this? no, what is that? is this trunks? trunks got some side sponsors, but it'll be like that, mommy, five hundred dollars and i'll unplug it. you guys ready? no, actually, you guys will laugh. this is actually my new caffeine delivery mechanism. the size of it. is that just a straight tablet? yeah, these are like these alka seltzer tabs, but yeah, i, uh, i just need caffeine delivery. i, i, i the worst. i don't wait, jack, you drink obviously. commentary in the morning. have you ever had a morning with ford where there was no caffeine in the house and you woke up and you're done? has that happened yet it's awful, right, uh, it may have happened. yeah, yeah, it's, it's just the worst. how many milligrams of caffeine are you in taking a day? roughly, you reckon, uh, probably the equivalent of four or five cups. oh, jesus, yeah, that's a lot. that's just needs it straight to the veins by this point. yeah, i know, but uh, actually, yeah, let's get into it. so amazon is opening a department store. i don't know the full details here. i know that you sent it along web web smith. uh, yeah, so, trunk you, you'd reference ben evans. he's got a post called amazon is a boring retailer, which we'll tok a little bit about. well, let me tok a bit about uh, so this, this obviously isn't amazon's first footprint in the game. uh, amazon bought whole foods, yeah, uh, amazon uh has their kind of, uh, automatik checkout stores, but if this is correct, it sounds like they want to basically do what sears had. right, it's like these large real estate, pieces of real estate where you can showcase different brands, probably a lot of their own stuff, frankly. and uh, i think to go to benedict evans artikle. benedict evans was a former partner and jason horowitz probably one of the smartest writer writers on tiknology, but he's been banging on this drum. for years he's just been basically saying, every time amazon does something- and don't get us wrong, amazon's masterpiece, a 2 trillion dollar company almost- is like, every time they're going to do something, it's going to cause a lot of ripples and waves. right, they're one of the biggest employers in the united states- um, maybe the biggest other than walmart, uh, privately, and um, so anything they do is under the microscope. i totally got that. but what benedict was trying to point out was: like nothing they do is new, right, like everything that amazon does has been done in retail before, and these aren't new ideas. and one of the canonical examples that it uses is: you remember, uh, it's still going on, but this beef about amazon's white label business and how you know they'll see a really popular product that's selling and they'll just do their own version of it. they do like amazon basics or something right, exactly right, yeah, and uh, you know there's the. the part that has come under the microscope which i i can grant- i'd be pretty critikal of myself- is, uh, how they'll see somebody sells well, or they'll uh invest as venture capitalists in certain companies and just kind of take the product. so, benedict evans whole point is like this isn't new at all, right, like every major retailer has a white label business. so costco's white label business, kirkland, does 30 to 40 of the revenue a year, right. so like people don't understand is like every major retailer has a white label business and amazon's white little business is tiny. it's like one or two billion dollars a year. from this research i saw, which is a drop in the bucket. i think they did 250- 300 billion, uh, in 2020.. so if you were to like, if you really want to point the finger and look at people that apply the white label thing, the first question is: here's the first question: should it even be wrong? my whole thing with white label is like, i mean, not really, it's like these guys own the store, right, like if you go to costco and they have their own product in their own stores, like, yeah, they've spent hundreds of millions of dollars building these warehouses, right, they spent 70 years building this business model. they can put over the [ __ ] they want in their store, right. but you know, you know where the ethical dilemma is, i think, or that at least what people push back on is that, yeah, the marketplace is kind of posing as a free market for people. when you say marketplace, you mean amazon marketplace specifically. yeah, yeah, yeah, yeah, not just like i invent this thing like in costco- has to take a risk, or more of a risk, i would say, in like putting stuff physically in stores. so it's a really interesting debate. it's like another thing that the internet is like: okay, it makes it easier for you to sell your stuff, but if you get too successful you're gonna get destroyed by the beast, and that's like true, whether you're selling stuff on amazon, whether you sell like anything that you do that gets popular. it's like nft world is a good example, the profile picture thing. three projects come out. two weeks down the line there's 10 000 versions of the same thing. it's fascinating. if you have it all in house, you just get to do it way more tightly. it doesn't necessarily mean it's different, though. well, i actually want to address jack's point is like again, everything i'm seeing here is a completely amoral judgment. i'm just i'm saying what, and jack to your point, you're kind of saying the same thing. it's like this is the nature of the beast, right, and i think the other part about amazon's marketplace that people have to understand is: so amazon marketplace actually is bigger than the retail business, like their third-party seller business where, to jack's point, the, the popular images that anybody can just sell on amazon- the reality is that it really has just become a place where this is populated by ads. now amazon's ad business does 30 bill, is on pace with 30 bill a year. mentor. yeah, it's bigger than pinterest, twitter, snap, like by a factor of twice combined, right? so if you actually look at the marketplace now, it's meant really. i mean, here there's a, there's a, there's a photo. i put up amazon ads you could share your screen if you wanna show that just while you're pulling up. yeah, i'll just show you, just to make a point, right? yeah, the point i was going to add is high level. i'm kind of all for amazon doing this, to be honest, because i'm like quite a pure capitalist in this way. but the even i'm thinking: all right, they're basically doing predatory pricing is right where one. they're getting all this data obviously, which, again, i agree, they've earned the right to get that data- but what they're basically doing is then creating something and just basically selling. i lost a lot of the time and i think that's where the the argument is. is it predatory that they're just going to put all these people out of business? and um, yeah, that's the, that's the conundrum, but as the main point here, right, it's, this is just the paradigm. it is now right, and that's why governments are cracking down on on these big tik companies, because they they're the size of countries now, so this is stoppable as well. if we want to go down that route. it's like i don't think you can stop it, but it's inevitable, right? yeah, no, i just want to show this screenshot. uh, here it is is, uh, that's it? right, this is an amazon product page. everything in blue is a is an ad. so, like, this is the nature of amazon. now, it's like these are: look at this banner, banner, banner, promoted, promoted, promoted. right, it's like it's all ads. so just going back to jack's point is like the uh, the uh.

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Demystifying Non-Fungible Tokens with Zeneca_33 (How to Launch Your 1st NFT)

[Music]. [Music] you. [Music]. [Applause]. [Music] yes [Applause]. [Music]. [Music]. all right, what's going on? everybody for cryptokurrent live. my name is steven miller and you are watching cryptokurrent live, the show where we bring you some of the latest and greatest in the world of crypto and help you beginners get a little bit more educated about what's going on so you can also become a little bit more crypto current. today i'm joined by zenica 33, otherwise known as roy. roy, how you doing? i'm doing very well, very well. how are you doing? pretty good. thank you so much for joining us today. we've got a great show ahead for everybody. um, we're gonna be getting into a quick interview and then also toking a bit about um roy's brand new project, the zen academy genesis drop, as well as getting into a really nice little spin on our normal segment of bi-cellular huddle. so let's just go ahead and dive right in real quick. i'm not going to give the normal spiel that i always do, but, roy, for those who don't know you, uh, can you tell us a little bit about your background and how you originally got into nfts? yeah, sure, so prior to nfcs and crypto, so basically before this year, i was a professional poker player for 15 years. so i basically went high school, dabbled at college and university and didn't stik. and then i was just doing poker in in one form or another, whether it was online or live tournaments and that kind of stuff, and it, um, i dabbled in crypto in 2016, 2017 i think like a lot of people- and then when that bear market hit, it was just like, yeah, this is boring, prices stopped going up. uh, back like i wasn't as invested in the space as i am now. it didn't have that same conviction in all of it. uh, so, yeah, i think like a lot of people was like back to you know, whatever you're doing before crypto. and then start of this year- sort of end of last year- as prices started going up again, a lot more people were toking about it and and i i still had a few coins left over from back in those days and actually one of those poker sites i was playing on the current like the currency was bitcoin or like fractions of bitcoin. so i was like somewhat still connected and like i would always just transfer the bitcoin into australian dollars or euros or whatever and and just figured it was a different form of income, but as the bitcoin price went up, i was like, let me, let me check in and see what's going on in the crypto space, and that's sort of. when i first heard about nfts, um, i had a couple of friends who had been in the space for that whole time and they sort of started telling me about, you know, crypto punks, hash masks, uh, bull run babes, i think was one of the more scammy sounding ones and basically, yeah, i did think they were all a scam, some sort of ponzi, i think, as most people do. when you first hear about nfts and some of the prices that these uh ostensibly jpegs are going for, you're like it just doesn't make sense, you can't wrap your head around it, and that that was my immediate reaction as well. and then eventually it was like, well, i know that these are smart people, let me just do a bit more research. and and um, that's when i started to to read some artikles and just understand the underlying tik of nfts and like the digital ownership and that kind of aspect, and i was kind of like just amazed and astounded by like what is possible, and i made a conscious decision to like dedicate, just pivot away from poker and go all in on basically crypto and nfts. it wasn't nfp specific then and then maybe like a month or two later, it basically became full-time nfts um in the form of like trading, flipping um, and then, somewhere along the way, creating content in the form of like i have a newsletter and then these daily stats i post on twitter, um and a podcast, and then it's really come full circle, because then i started advising projects and like consulting and then now i've launched my own project. so you know, in 10 months i've run the whole gamut, but it's been a really fun and exciting journey for sure. yeah, and look, for those of you at home that are listening to this, all of what um roy just mentioned with on the podcast, which is the two board apes podcast, and even his newsletter. you can find links to that in the description of this episode on youtube, but also in the show notes when we recast this through our podcast. so, just for everybody um at home, the entire point of this, roy, is that we're trying to get down to like demystifying nfts and um getting rid of some of the misconceptions that people come into it with. so i'm kind of curious, like back in your origin, like what? like was there a specific aha moment that, like nfts, clicked for you. yeah, i can basically pinpoint it to a specific artikle and maybe you can link that as well in the description and show notes. it was, um, by a, a guy called patty mccormick and he writes a newsletter called not boring and he had this artikle uh, titled the creator, so not, uh, the credit card, it's called power to the person or power to the people and it's all about the creator economy and it basically sort of outlined some of the potential use cases for nfts beyond just a jpeg, beyond just art, and sort of thinking about how nfts could be integrated with sort of gaming and gaming assets. and you know, the gaming industry is two or three hundred billion dollars a year. um, it's this massive industry and people are spending so much money on essentially digital assets that they have no ownership over. and then now, because of nft, the tik is now catching up to where you can actually own the assets that you're buying rather than the big, massive corporations, ea, blizzard, whoever owning the assets, now you can own it. and that that really for me was an aha moment because i mean, i've spent money on games and gaming assets for a long time and and it was always a case of i'm spending it and just i'm not really ever going to be able to get it back. it's just there. it's just like i'll enjoy the gaming asset in the game and that's it. but now it's sort of a situation where, with nfts, you can potentially resell it, you could potentially take it from one game to another. um, just again, you have ownership over it. so, yeah, i would say that was sort of the aha moment for me. yeah, it's pretty incredible and i think that anybody that jumps into nfts eventually looks back and tries to find that moment. i think it's really cool that you can actually see that moment very clearly in your head. but for the people that are new to it and are trying to get to that point where they're having it click over, how would you explain it to a newcomer, like i mean, in this space, like we'd call it, like you know, explaining it to a normie- but i'm not trying to minimize, you know my own audience here. so when you're speaking to a newcomer, like, how would you explain it? is there a way that you can get around that skeptikism of buying and selling jpegs? um, i would say that it is, to begin with, it's right to be skeptikal because it is a massive shift and change in what we're used to. and, um, if you're not skeptikal, then you can easily get sort of swept up in sort of a scam or something. basically it that's, that's what happens. but, um, i would say it takes time to to wrap your head around it and, and i would think, beyond, like the jpegs, so like there's almost now a negative connotation between nfts and them being quote-unquote: just jpegs, just images, um, what you're selling is something that someone can just right click and save and then they have the same asset. that's what a lot of, uh, people who aren't familiar with the space think of when they think of nfts, and that's sort of become like a counterpoint against it. and i think that the most important thing is starting is when you can start to realize that nfts are beyond just like just the jpegs, just the assets. so, like what started out in the nft space, it was like just sent selling like a jpeg or a piece of art, and then sort of collectibles came into the, the play, and that's when, like, people would release larger collections, an.

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NFT Startup Magic Eden's $1.6B Valuation

-- HOW NFTS WILL EVOLVE IN THIS CRYPTO WINTER. THIS IS THE START OF NTF NYC. WHAT'S THE IMPACT OF THE CRYPTO MARKET BEEN AND HOW DO YOU SEE THAT PLAYING OUT? >> THANK YOU FOR HAVING ME THERE'S BEEN A BROADER INTERN. -- DOWNTURN IN MACRO IMPACTS: LATELY. IT HAS BEEN THE LAST MONTHS GOING FROM STRENGTH TO STRENGTH WHERE ONE OF THE FASTEST GROWING MARKETPLACE IS IN THE WORLD- ABOUT 90% MARKET SHARE ON SOLANA MADE WAS THE LARGEST MONTH FOR US- ABOUT A 10 X GROWTH. WE STILL SEE SIGNIFICANT DEMAND FROM CREATIVE'S, AS WELL AS END-USERS TO INTERACT WITH AND DISCOVER NFTS. WE THINK ABOUT IT AS A LONG-TERM TIME HORIZON. THERE ARE UPS AND DOWNS THAT ARE PART AND PARCEL TO CRYPTO AND WE ARE HERE FOR THE LONG RUN, EMILY. HOW IS IT DIFFERENT FROM OTHER NFT MARKETPLACES? >> THIS COMES UP A LOT. THE REASON WE STARTED IT WILL WAS VERY INTENTIONAL. WE CONSIDER OURSELVES A COMMUNITY-CENTRIC AND DEEPLY CREATIVE FOCUSED MARKETPLACE. WHAT DOES THAT MEAN EXACTLY? THIS PERMEATES EVERYTHING WE DO. ONE OF THE EARLIEST PRODUCTS WE BUILT WAS A LAUNCHPAD, AN END TO END CREATIVE TOOL AND SERVICE THAT HELPED TO LAUNCH NFT FUNCTIONS. WE PARTNER WITH COLLECTIONS THROUGH THE ENTIRE JOURNEY, THROUGH THE END TO END EXPERIENCE WHERE THEY MAY WANT TO BUILD A CUSTOM AND BEDDED MARKETPLACE ON THE COMMUNITY SIDE. IT'S IMPORTANT TO CONSIDER MARKETPLACES AS MORE THAN A POINT OF SALE. WANT TO WORK WITH COMMUNITIES TO BE THERE AROUND THE ENTIRE DISCOVERY JOURNEY, WHETHER IT'S ANALYtikS, WHETHER IT'S RESEARCH, WHETHER IT'S A POINT-OF-SALE. WE WANT TO BE THERE. WE ARE EXCITED TO CONTINUE BUILDING FOR THE FUTURE. FOR US THAT MEANS CONTINUING TO EXPAND THE TEAM AND GROW THE LINE OF PRODUCTS, AND WE ARE SUPER EXCITED ABOUT THAT. EMILY, YOU MADE A VERY SPECIFIC DECISION TO GO INTO THE NFT MARKETPLACE. WHAT'S THE TRADE-OFF AND WHAT ARE SOME OF THE THINGS THAT WILL BE NEEDED TO BE WORKED THROUGH TO MAKE IT A VIABLE SOLUTION >>. THE TRADE-OFF HERE IS: IT IS A NEWISH PAIN. THEY ARE WORKING THROUGH A LOT OF THE GROWING PAINS AND AS MUCH AS WE HAVE GROWN OVER THE NINE MONTHS, WHICH HAS BEEN INSANE. THEY ARE EXPERIENCING SOMETHING SIMILAR. WE HAVE HUGE FAITH IN WHAT THEY ARE DOING. IN THE DECISION TO LAUNCH THERE WAS INTENTIONAL. THE COST OF EXPERIMENTATION IS LOWER WHEN TRANSACTIONS ARE CHEAPER, AND THAT MEANS MORE CREATIVE'S, MORE END-USERS AND HOPEFULLY, THAT MEANS THAT WILL CONTINUE TO GROW IN THE LONG TERM. EMILY, I'M WONDERING ABOUT NFT PRICING BECAUSE YOU'VE SEEN THINGS SELL FOR MILLIONS AND MILLIONS OF DOLLARS AND SOME OF THOSE ASSETS ARE TRADING FOR A LOT LESS. WHAT'S A NORMAL PRICE HERE? WHERE DOES THE MARKET START TO STABILIZE? WHAT'S THE AVERAGE 2022 PRICE OF AN NFT? >>? I WISH I COULD ANSWER THAT FOR YOU. WE DEFINITELY SEE STRONG DEMANDS GOING FOR AN FTS -- FOUR NFTS. IT IS OK TO tok ABOUT PRICES UP AND DOWN AND SIDEWAYS. ULTIMATELY, WHAT MATTERS IS? LOOK AT THE TRAJECTORY OF THE GROWTH FUNGIBLE TOKENS BECAME A TRILLION DOLLAR MARKET AND NFTS ARE MUCH MORE APPLICABLE tikNOLOGY ACROSS THE SPECTRUM OF CULTURE. REGARDLESS OF WHERE WE SEE THE PRICE. END UP THERE'S ROOM TO GROW EMILY. I HAVE TO ASK YOU ABOUT ILL GATES AND HIS REMARKS ABOUT THE NFT MARKET. HE SAYS IT'S ENTIRELY BASED ON THE GREATER FOOL THEORY AND EXPENSIVE IMAGES ARE -- EXPENSIVE IMAGES OF MONKEYS ARE GOING TO IMPROVE THE WORLD IMMENSELY. WHAT IS HE GETTING WRONG? >>. AND TRY OUT, MAGIC EATEN. WE WOULD LOVE TO HAVE YOU ON THE PLATFORM. THE COUPLE OF THINGS I WOULD PULL OUT IS: WE ARE VERY EARLY IN THE GENERAL NFT ECOSYSTEM. PROFILE PICTURES MAY NOT SEEM LIKE SOMETHING. THAT IS VERY INTERESTING OR EXCITING TO A LOT OF PEOPLE BUT THE REALITY IS THEY ARE FUN, THEY ARE SOCIAL, IT'S AT THE INTERSECTION OF CULTURE AND THEY HAVE PERMEATED A LOT OF SOCIETY. ONE OF THE THINGS WE ARE EXCITED ABOUT IS ENABLING UTILITY FOR THESE NFTS. GAMING IS AN INHERENTLY SOCIAL ACTIVITY. IT'S WHERE COMMUNITIES ALREADY GATHER, AND YOU CAN IMAGINE THE SAME TYPES OF BEHAVIOR WHERE PEOPLE ARE BUYING ITEMS AND SKINS ALREADY. THAT ARE NOT CRYPTO-RELATED. PEOPLE WILL BE DOING THOSE WITH NFTS. IT'S ACTUALLY TRUE OWNERSHIP. THAT IS HAPPENING HERE. IT IS EARLY. WE INVITE BILL TO COME AND CHECK OUT MAGIC EDEN, SONALI, CAN YOU SPEAK TO THE OVERALL FUNDRAISING ENVIRONMENT? YOU ARE ONE OF THE RARE COMPANIES ABLE TO SEE A TENFOLD VALUATION SINCE MARCH. HOW HARD IS IT TO RAISE MONEY AND WHAT ARE INVESTORS LOOKING FOR WHEN THEY ARE PUTTING THEIR MONEY TO WORK? >>. IT IS TOUGHER THAN IT WAS TWO OR THREE MONTHS AGO. FOR SURE, IF YOU ARE A HIGH QUALITY TEAM WITH CLARITY OF THOUGHT, CLARITY OF VISION, STRONG EXECUTION, LONG-TERM FOCUSED INVESTORS WILL WANT TO DO THESE DEALS. MAGIC EDEN IS A TESTAMENT TO THAT. DESPITE A DETERIORATING MARKET. OVER THE LAST COUPLE OF MONTHS, OUR NUMBERS HAVE BEEN AS STRONG AS EVER AND WE HAVE A LOT OF APPETITE AND INTEREST INBOUND FROM EXISTING INVESTORS AND NEW INVESTORS. THERE'S APPETITE TO DO DEALS BUT THE IMPLICATION IS THERE IS A LONGER DATING TIME WITH A LOT OF TEAMS AND INVESTORS, AND THAT'S PROBABLY HEALTHY FOR THE MARKET EMILY. OBVIOUSLY, YOU ARE OPTIMIStik. PAINT THE PICTURE: FIVE YEARS OUT, WHAT DOES THE NFT MARKET LOOK LIKE? >>? GOING BACK TO THE POINT EARLIER AROUND, MIMICKING THE GROWTH OF FUNGIBLE TOKENS, I BELIEVE NFT WILL PERMEATE MANY TYPES OF ASSETS. LET'S EXPLORE THE UNIVERSE OF GAMING: NFT AND MUSIC NFTS. IT ALL STARTS WITH PROFILE PICTURES. THIS IS AN INHERENTLY SOCIAL EXPERIENCE. IT PERMEATES A LOT OF THINGS AROUND CULTURE AND, HOPEFULLY, THIS IS JUST THE BEGINNING AND SPURS A LOT OF.

The Founders' List: The Great Online Game by Packy McCormick

[Music]. you're listening to the founders list: audible versions of essays from tiknology's most important leaders, selected by the founder community. [Music]. this is the great online game by mccormick, founder of the not boring club, a newsletter on business strategy and pop culture. this episode is read by packy himself. now, most of the time at not boring, i read about companies with facts and figures and histories and graphs. occasionally i'll write about concepts in business models like the metaverse styles or apis. sometimes i'll just let you into my brain to see what's going on in there before any idea is fully baked, when it's just a bunch of wisps starting to form a brain. today is one of those pieces. it's shorter. it's meant to be interactive. most of the fun will happen when you take the idea and try to apply it to your own work or life. so let's get to it. this didn't start as a piece about games. i set out to write a piece answering this question: why are tik growth stoks sagging while crypto moons and value roars back? but i figured out how to explain that in way fewer words. crypto is just more fun. the same people who would pay high multiples for companies like snap and twitter- read me. i hold both- are the most likely to buy crypto, and right now crypto is moving faster, generating better returns, has more rabbit holes to explore, many of which you need eth to access, and has an incomprehensibly large future. tam and for the people who were just gambling anyway, krypto is a more pure play casino. plus, crypto is the in-game currency for the whole internet. that's a more fun topic to explore than which asset class is outperforming which, and it starts with this idea. we're all playing a great online game. how well we play determines the rewards we get, online and offline. the great online game is play concurrently by billions of people online as themselves, with real world consequences. your financial and psychological well-being is at stake, but the downside's limited. the upside, on the other hand, is infinite. social media is the clearest manifestation of this metagame. beginner level twitter feels weird, like a bunch of people exposing their personal thoughts to the world. medium level twitter is threads and engagement hacks. twitter mastery is indistinguishable from an ongoing game. this is also true for reddit, discord, instagram, tiktok, facebook and other social networks. but social media is just one piece of an interconnected game that spans online and offline spaces. the way you play in one area unlocks opportunities in others. sharing ideas on twitter might get you invited to a discord. your partikipation in that discord might get you invited to work on a new project and that new project might make you rich, or it might bring you more followers on twitter and more discord invites and more project opportunities and new ideas that you want to explore, which might kick off any number of new paths. we now live in a world in which, by typing things into your phone or your keyboard, or saying things into a microphone or snapping pictures or videos, you can marshal resources, support and opportunities. crypto has the potential to take it up a notch by baking game mechanics, points, rewards, skin, teams and more right into the whole internet. the great online game is free to play and it starts simply by realizing that you're playing a game. every tweet is a free lottery tiket. that's a big unlock. anyone can play. you can choose how to play. given your resources and skills at the current moment, you can level up fast. financial and social capital are no longer tied so tightly to where you went, who you know or what your boss thinks of you. this game has different physics and wormholes through which to jump. it's exponential instead of linear to understand how the game works and how to play. we'll work our way up. what is a video game? the great online game. meet the players, how crypto supercharges the game and how to play the game. by the end of this post i hope i've convinced you to throw a couple coins in and start playing. but i think i might need to show you that we're even playing a video game first. what is a video game? it's monday morning, you're tired, you have to go to work, you have an assignment that you pushed off on friday because it's practikally hot back summer and you had plans. but now it's monday and damn now you need to do that thing. this does not seem fun. this does not seem like a game. so it might take me a minute to convince you that, yes, it is, even for you. i'm going to start my argument like a shitty high school valedictorian. the oxford english dictionary defines video game as- quote- a game played by electronically manipulating images produced by a computer program on a television screen or other display screen. if you're working remotely from a computer, what you're doing perfectly fits the definition of a video game. nick milanovich nailed it. he said: sometimes it's weird to remember that we're all effectively competing to hit the right keys on our keyboards in the right order and that if we do it for long enough, we can buy a house. hit the right keys in the right order. make money. work is just an often boring sub game within the metagame, but that's still a little literal and a lot reductive. let's go deeper. the best games, according to gaming entrepreneur turned top solo investor, josh buckley, are creating spaces that bring you into flow on invest like the best. buckley said. the biggest games today really take advantage of this, but you wouldn't actually think of them as a game. i look at twitter, facebook and instagram as games and 3 billion people are playing them actively. they're essentially big layers on top of a slot machine. buckley went on to lay out four elements of successful game design. one: frequent feedback loops. two, variable outcomes. three, a sense of control. and four, connection to a metagame. all four are present in the great online game, none more importantly than the connection to the metagame. the great online game, the internet, is incredible. you'll hear that a lot from people who started to master the game. as i typed that last sentence, blake robbins tweeted this. i think people still underestimate the power of the internet. twitter, specifically, has changed my life in so many ways. i've met some of my closest friends, mentors, etc. all through twitter. getting good at the great online game makes seemingly absurd things happen. your business icon and your dms, that person whose videos you don't miss just to reach out for a collab, your dream job, reaching out to you to tell you why company x might be a fit. blake has successfully translated hanging out on the edge of the internet into a career as a venture capitalist at level adventures. he's a go-to source on creators, gaming and future internet stuff more broadly for some of the smartest people in the world. blake summarized his approach in another recent tweet. he said: this is a perfect summary of how i've approached my career and life to date. try to add value with no expectation of anything in return. play the long game. he's playing an infinite game: going down rabbit holes, learning, helping people, meeting new ones, going down more rabbit holes and so on. james carse, who coined the term in his 1986 book finite and infinite games: a vision of life as plain possibility, wrote: the infinite game- there is only one- includes any authentik interaction from touching to culture, that changes rules, plays with boundaries and exists solely for the purpose of continuing the game. a finite player seeks power. the infinite one displays self-sufficient strength. finite games are theatrical, necessitating an audience. infinite ones are dramatik, involving partikipants. the great online game is an infinite video game that plays out constantly across the internet. it uses many of the mechanics of a video game, but removes the boundaries. you're no longer playing as an avatar in fortnite or roblox. you're playing as yourself across twitter, youtube, discords, work, projects and investments. people who play th.

Sunday VC School: how investors work together + Prime Movers Lab's Ramez Naam | E1367

all right, everybody, welcome to our sunday show as we do. it's time for our vc sunday school, and molly has a lot of questions for me about who's the lead investor and, uh, competitive deal flow and sharp elbows when there's not enough equity on the cap table. how do vcs work together? how to seed funds and angels work together? it's a very dynamic conversation. you're going to get a lot out of it, whether you're on the investing side of the table or you're probably candidly get more out of it and understanding your target to get money from. if you're a founder, i think that's true. it's a. there's something for everyone. at central abc school. um, also today in our climate segment, i toked with ramez nam, who is a climate investor and a futurist. he's at prime movers lab and also we tok about our shared love for sci-fi and how that helps us to imagine climate solutions and businesses that might not exist yet. plus, he's just so smart. you're really going to enjoy it. stik with us. stik with us. it's going to be a great episode this week in startups is brought to you by. odoo is a fully customizable and fully integrated suite of business apps that lets you build and scale your stack as you build and scale your business. your first app is free, forever and right now odoo is offering one thousand dollars off your first implementation pack at odoocom twist. that's odocom twist. revello- looking to affordably scale your product development with global tik talent in us time zones. hire vetted remote developers in latin america with revelo- get 20 off for the first three months at revello. dot io twist and fellowapp is a game changer for all your one-on-ones and team meetings. eliminate time-wasting meetings. today go to fellow dot app slash twist to get one thousand dollars in credits. welcome, welcome everyone. i am excited because it is the time of the week when i get jason's undivided attention to pass on his wisdom. it's yoda time. it's a sunday bc school where i take my list of 10 000 questions, which just keeps getting longer, and try to break it down to like one that we're ready to tok about. um, and today, actually i want to tok about because this is already coming up, because i'm notiking a small possibility that there are more climate tik investors than there are climate tik startups. that's absolutely true, actually, in good observation, an interesting stage to be in, but it means that there's also like a lot of collaboration. so i'm starting to have all these conversations with other vcs and realizing a thing that i hadn't actually been that aware of, which is the opportunity for co-investment and the sort of like amount of teamwork that seems to be on the table, and i want to know how it works and if it's real. so, um, it is a uh intrinsic part of what we do here in silicon valley, because we have what's called uh, or what i've called a milestone based funding system. you have an idea, congratulations. so did you know seven billion people in the last 10 seconds? they had some idea. i'm gonna have a bagel for breakfast or i'm gonna create a marketplace of uh, you know a bed and breakfast, right? everybody has a million ideas uh, a day, probably, and some of them stik and some of them are great ideas. the question is: you know, uh, of course, who's got the ability to execute? so, since there are so many uh ideas out there- and we like to have people prove it over time, so you may see, sometimes a headline like clubhouse gets 100 million dollars or 10 million dollars in their first round, some giant number- and you're like, well, that's interesting. why did that happen? and those are very rare, weird edge cases. so edge cases happen like people will throw the ball basketball over their shoulder and it they hit a three-point shot. it was completely accidental, so you don't practike that right. that's not the standard. the standard is: somebody comes up with an idea, they get some friends and family or they bootstrap it, then they go to an accelerator, then they get a seed fund or five seed funds and ten angels to pass the hat and give them enough money to you know, see if the product actually gets traction. that milestone based uh system allows us to filter, and it allows us not just to filter founders, but it also allows us to filter ideas and timing. so if you cannot get through the next set of investors, you have failed in some way as a founder. now it doesn't mean that you fail to execute. you could have executed perfectly, but nobody wants a wireless fax machine in 2022 that's portable and that you can wear on your wrist like it was just a bad idea. but you executed perfectly. or it's a great idea, it's too early, or it's a great idea, it's the perfect timing and you um executed poorly, or there was competition. so what we're trying to figure out is which idea is going to win and each time you hit a milestone, uh, the chances of failure go down because you have made it to the next hurdle, and it could be. the hurdle is your default alive because you're profitable. if you're profitable, business is not going to end unless you shut down a profitable business, which you know has happened, but very rarely, uh. so usually those get sold to somebody who wants to take a shot at it. so, because of this based financing, you, as good hygiene, wants somebody else to validate the next round. so built into the system is collaboration. there are instances where some funds get so big, you know, the elbows come up and they want to hit a certain ownership percentage because, as you've heard, when you do have a winner, kind of sucks to own less than one percent of a winner. listen, i've had some big winners, like robin hood and uber, which i own less than one percent of now. those were extraordinary outcomes, but still imagine how they would have been if i owned five, 10 or 15 percent. yeah, you know, it would have been, you know, a whole different ball game. and so, as time went on, we as a firm started owning 10 to 20 percent of companies. we fixed that leak in our game, or we actually earned the ability to do that, and we heard that with david rosenstall, didn't we on the last podcast. so built into the system is collaboration. and then there's this tension that occurs, which is, if something's really good, people want to own as much as possible, right. when it's unproven, people want to own enough to, you know, kind of be in the game, but not so much that they're the bag holder and they're the only person helping the company when it's known to be a winner. man, you just want to knock everybody else out and get as much as you can. so those are the two pieces of attention that you got to keep in your mind at the same time. and how do the various stages affect that? it seems like maybe co-investing makes sense, or at least is more encouraged or more likely at the early stages, and then later is when it might get a little sharper. correct 100. in the early stages people are like, hey, this is an idea on a piece of paper. they need 500 000 to figure it out. instead of me putting 500 000 into this one, let me find 20 of these, put 25k into each, knowing that the attrition rate's gonna be so bad. so this would be the equivalent of if you were going to have very long odds with a very high payout, you probably want to put down multiple bets. if you look at the roulette table and you have, i think, 38 numbers or whatever, it is like you ever see people put it in the middle with and they get like access to four numbers. they split the bet between four numbers. it's kind of what people are doing there. yeah, they're doing that diversification at the roulette table. when it gets later on, you're kind of like: well, this is, like you know, a black and red situation. like this company's gonna got a 50: 50 chance of returning a lot of money at this valuation. i just want to put all my chips on black or whatever, or red. so there's betting strategies at each. it's a bad betting strategy at the early stage to be that concentrated, with very rare exceptions, and it's usually in hindsight that people look at and go: oh my god, peter thiel put 500k into facebook. what a geni.