gavin (@gavinsun) • Hey

web3 researcher, on-chain data, degen officer

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Don’t listen to Zuckerberg. You don't need to live on the floor, with no bedframe to build a beautiful internet business in 2024. I moved to Silicon Valley in my 20s, was part of teams that raised billions and thought this was the way to live. I was wrong. 8 things you need to build cash-flowing internet business with no investors: 1\. Taste. Because knowing what’s beautiful matters. 2\. AI. Because understanding how to use the right agents/tools is an advantage 3\. Funnels. Because a good funnel can bring in $ 1M+/year 4\. Be a generalist. Because managing AI agents and human talent is high leverage. 5\. Know how to price accordingly. Because most people price poorly. Lifetime deals might feel good in the beginning but are tough to create a business around. 6\. Write well. Because the right copy drives impact. 7\. Community management. Because IRL/digital events are the cornerstone of the best internet businesses. 8\. Zag when others zig. Because when you zag, there’s probably less competition. I saw people like Zuck and looked up to them. I still do. I wanted my life to change. That's why I moved. But I don’t want that sorta life. For 99.9% of people, building a portfolio of cash-flowing internet businesses is life-changing. And less stress. You get to have a bedframe too. And that’s pretty cool.
The following remains true: \> Buy when there’s fear \> Sell when there’s greed I know it’s obvious, and seems a little bit nonchalant but my goodness is it a good predictor. It’s f\*cking hard because if you don’t have some levels of greed, you won’t run it up. If you don’t have some levels of fear, you will roundtrip all your gains. Maybe it’s best to start ringing the cash register (as Nick would say) when you feel: \> 1. Excessive optimism \> 2. Ignoring risk \> 3. Overtrading \> 4. Fear of missing out (FOMO) \> 5. Holding losing positions \> 6. Using leverage \> 7. Neglecting due diligence \> 8. Euphoric behavior \> 9. Ignoring financial goals \> 10. Peer influence Maybe you should start to add to your positions when you start to feel: \> 1. Excessive pessimism \> 2. Overemphasis on potential losses \> 3. Avoiding new investments \> 4. Selling at a loss \> 5. Constantly checking market prices \> 6. Difficulty sleeping or feeling anxious about investments \> 7. Seeking reassurance from others \> 8. Ignoring long-term strategy \> 9. Hoarding cash \> 10. Following the crowd in panic-selling Is there anything you'd add to your own fear and greed watch list?