This resonates very strongly this week Just because you have capital, doesn’t mean it’s well spent when hunting for product-market-fit Especially when it could have remained Bitcoin I am strongly coming to the conclusion that all traction has to be geared towards a paying customer. Period Your time used to get there is more expendable than Bitcoin Whilst Bitcoin is best saved and used for things you actually need (food, shelter, clothes, lifestyle tokens) Risk-reward of Bitcoin when reapplied to innovation financing puts the fiat funded angel/pre-seed/seed/a/b rounds heavily under scrutiny Learn by doing View quoted note →

Big topic this one. Kill bad ideas quickly remains a great concept. Especially if it can be done cheaply!

"Yo, but what if that 'wrong direction' turns out to be the next big thing? 🤔💭 What’s your take on chasing wild ideas vs. playing it safe? #Innovation #Funding"

🤷🏻‍♂️ View quoted note →

Agreed

A good chunk of funding is unfortunately wasted.