EP15 is live! Zane and I sat down with , co-founder of , a Web3 accelerator that’s seeded 90+ projects including Sushiswap ($400m market cap) & more. We talked about opportunity areas, how Alliance works, and much more… 🧵
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How did web3 get here? We discuss how the 2008 crisis, Covid era monetary policy, and social media deplatforming created the perfect storm for Web3 technologies.
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What are the biggest opportunities across social, gaming, DeFi? And what interesting projects is Qiao seeing? Alliance had 30 companies in the most recent cohort across all categories.
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Increasingly convinced that the first successful Web3 social nets will come from crypto games or DeFi products. You have to build something fun or something that helps people make money first, before going social. Web2 products are too good for people to switch.
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How is Alliance structured and how is it the most favorable and founder friendly accelerator in the world? Spoiler alert: they don’t require you take their funding or give up equity. 🙀
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Alliance’s admission rate is 5-7%. What do they look for in founders? How do they assess technical abilities and drive? What products do they look for?
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How do you build a breakthrough Web3 product?
- Why finding product market fit should be the only focus on Day 1.
- Why you probably shouldn’t worry about tokens until you have PM fit.
- Finding 100 people that LOVE your product.
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When and how you should think about tokenomics, vesting, regulatory approach, and fundraising — and why certain legal structures are more advantageous than others (note: not legal advice)
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How do you iterate fast and build a compelling product while also building a decentralized organization (that may be subject to design by committee)?
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DAOs have two key novel features:
- For the first time in history people around the world can organize frictionlessly and easily
- You can use tokens to do microincentives.
What does this means tactically and strategically? What opportunities does this create for entrepreneurs?
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What is the most ambitious vision for DAOs? What does a digital nation state look like?
One possibility:
- LLCs = assets guaranteed by the state; taxes levied by state
- DAOs = assets guaranteed by smart contracts; taxes (token issuance) issued by smart contract
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This convo was a delight and we learned so much from , one of the sharpest minds in Web3. Thanks to and for the questions!
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Listen on…
Spotify: open.spotify.com/episode/6pd2rw
Apple: podcasts.apple.com/us/podcast/par
Google: podcasts.google.com/feed/aHR0cHM6L
Buzzsprout: buzzsprout.com/1753569/
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