David (@clujso) • Hey
David (@clujso) • Hey
Publications
- Hedgefunds:
Starting with $ 100k
Trad: 80% stocks / 20% bonds
Exposure = $ 100k
Hedged: Borrows $ 100k, longs $ 130k and shorts $ 70k of bad stocks
Exposure = $ 130k - $ 70k = $ 60k
—
Bull (+30%):
Trad: +$ 24k
Hedged: +$ 32k
Bear (-10%):
Trad: -$ 8k
Hedged: +$ 8k
—
Note: If picks are wrong, it might amplify a loss
- What’s coming on @lens/lensprotocol is a game changer for web3 social monetization
Validium tech allows micropayment monetization based on engagement events i.e.: screen time, amount scrolled
Say goodbye to subscriptions for revenue
https://app.t2.world/article/clw6l2z0018727620mc1dq26xr2
- 🦉Duolingo:
- MAUs 24M -> 85M since IPO
- DAU/MAU 23% -> 30%
- Premium subs 3% -> 7%
- 500M in ARR, 75% subscription, 25% ads and virtual goods
- $ 80/yr subscription in the US (changes by region)
A story of how a “silly app” becomes a great enterprise
- I just claimed my $BONSAI reward on @lens/orb!
- Great tips on building product
1/ Ideating and executing horizon 1, 2 and 3 bets
2/ Examples of great horizon 3 bets
3/ Shipping faster with the same headcount
https://open.spotify.com/episode/4zzStC1y1uGQ5am0yHJZr1?si=sKncdyOHQdukS_GeiVWGoA&context=spotify%3Acollection%3Apodcasts%3Aepisodes
- Sharing one of my favorite poems:
“Ten thousand flowers in spring,
the moon in autumn,
a cool breeze in summer,
snow in winter.
If your mind isn’t clouded by unnecessary things, this is the best season of your life.”
Wu Men
- Orb v2 interactions are smooth!
Headwinds:
- Easy way to browse between media types, I love being able to see Videos or discover music
- Communities is similar to Farcasters’
Tailwinds:
- Not as smooth, response time to load feeds and screen are high
- Not sure the For You feed feels like it’s “for me”, wondering how this algo works
- Heard Acquired’s Charlie Munger episode on what would be his 100 birthday.
“You may find out 5 yrs after you bought it. But when you know you have an edge, you should bet heavily. Most don’t teach that in business school. It’s insane.”
Extrapolate not only on investing
- Time in market > Timing the market
- Turns out the hardest part of building a company is building a company, in the organizational sense, and not having a correct strategy/direction
- From the Intelligent Investor:
Value = Earnings x (8.5 + 2*annual growth rate estimates)
ie.: company doing $4 EPS and projecting 10% annual growth
Value = $4 * (8.5 + 20) = 114
This is a value formula, market dictated the actual asset price, and you make your decision
- Blue app 0 - 1 web3 social
- If there’s a delay… it’s chance to practice patience
If something’s hard… it’s a chance to become stronger
If someone hurt you… it’s a chance to practice forgiveness
-
1. Splatcast: Decentralized audio platform that incentivizes users to create engaging content while playing in real-time with virtual competitors from around the world.
2. Audioblockchain: Web3 network for discovering, curating and streaming audio tracks audibly branded by their creators onto blockchain networks from any device worldwide.
3. InTuneApp: Audio platform featuring rewards enabled micropayments and royalties captured via distributed ledger technology to assist musicians financially moving forward!
#lensgpt #gelatonetwork
- gm lensters
- Came across “decentralized TikTok where users get rewarded”, advertising 500k users, and having raised 5M from traditional investors
I downloaded the app, and the trace of those 500k users was nowhere to be seen, a ghost town
*sigh* the diligence investors put in these days
- The space is as exciting as ever. Many themes arising touching all edges of life:
DeSci, web3 social, Urbit, ZK, AI, Spatial compute, Public goods, Art…
- Love to see an active community giving product feedback
https://orb.ac/post/0x06-0x01c4-DA-d943809c
- What features are the lens apps missing?
- For anyone trying to spin up lightweight reactive and beautiful websites… Webflow is the way to go, no more meetings and budgets with creative agencies, do it yourself in a couple of hours
- Tony Fadell on management: Focus relently on the quality of the product delivered, not a lot on the process it took, that not your direct job, so let the team figure it out.
- Watch the chain, get alpha
- A thought from Nico Wittenborn on consumer subscription products (Calm, Duolingo, Masterworks): Usually it’s paying for the yearly upfront membership what activates the user and actually have them become highly active users.
How does this extrapolate to web3?
- Tamayo on life:
“It is impossible in this time, when communications are so open, to set out deliberately to make an art which is Mexican, or American, or Chinese, or Russian. I think in terms of universality.”
- Where's The Money In The Creator Economy? - Intro
🌞 GM!
🎉 We're thrilled to announce the official premiere of "Where is the money???" 🎥🚀 A 10-episode weekly series where @ldf_gm and @jakubrusiecki dive into the world of web3 native content creation to uncover if it's a viable career path!
📺 We'll be releasing one episode per week, and to make it even more exciting, all episodes will debut on Lens first! Make sure to follow @thesymmetrical.lens for the alpha (some surprises may be time-sensitive! 👀)
🔥 In the series, we'll cover distribution channels, monetization techniques, available apps, growth hacks, and some thrilling challenges so PAY ATTENTION 🚨
💰 The first official episode will air next week, focusing on the monetization landscape. Discover the secrets to turning your creativity into 💸💰!
🙏 We want to thank our incredible backers @lensprotocol and @zerion for their support, enabling us to conduct this research and share it with you all!
🧪 Remember, this is all an experiment, and we're excited to embark on this journey together! Stay tuned for the first episode, and let's uncover the possibilities of web3 native content creation! 🌐🚀
- Saw some 10k old paintings this weekend! Fun to reconnect with the past
- “Interest rates are to asset prices like gravity is to the apple. When there are very low interest rates, there’s a very small gravitational pull on asset prices."
- Munger
- Demand for data inside a company is insatiable
h/t Tommy Tunguz
- Best lens’ video or audio apps?
- Hello