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SBF
@SBF_FTX
3) "One weird trick to increase your token's price!" I imagine this must be written on a number of office's walls, given how frequently people go down this path. There are a few things in this "standard playbook": --hire someone from Goldman --get a license --partnerships
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SBF
@SBF_FTX
4) I'm not trying to say those things are bad! But whenever I see them, I think: 'would this make the project better if they were never allowed to announce it?'
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SBF
@SBF_FTX
5) In other words: does it actually serve a useful purpose, or is it all hype? There are a _lot_ of licenses in the world. Some can be crucial; some are irrelevant to a business. But they _all_ show up on pitch decks and twitter feeds.
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SBF
@SBF_FTX
Replying to
@SBF_FTX
6) Similarly, if your goal is "hire a great colleague" you might or might not end up with someone from Goldman. But If your goal is "announce that you hired a colleague who will sound great", you _definitely_ will.
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SBF
@SBF_FTX
7) Anyway, long story short: ask not what you can do to get a license or ex-Goldman employee ask what the license or ex-Goldman employee can do for a project's business.
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TheSkyhopper
@TheSkyhopper
Replying to
@SBF_FTX
and
@SBF_Alameda
Agree: one needs a license to do regulated business for sure. Eg - Bars need liquor licenses. However, licenses for the sake of having one (or say a stock exchange listing) can have such costs that it diverts precious resources from real product development.
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