When someone steals your crypto, it’s gone forever. How can we build this feature into decentralized finance (DeFi)? We need a decentralized consensus mechanism to track and reverse theft of digital assets. One Coin = One Vote rules exposes blockchain protocols to the risk of 51% attacks. Example: The Beanstalk protocol was robbed of $182MContinue reading “Decentralized Failsafes”
Tag Archives: Startups
Indie Startups
Now my goal is to 100% own many $1M+ startups. Startups can always raise money later. It’s near impossible to return money raised and get your equity back. In art, music, and gaming, indie means independent from the major producers. Many of these “indie” labels still have distribution deals with the big guys. In startups,Continue reading “Indie Startups”
Utopic Studio
Indie = 100% Ownership I’m prioritizing independence in this phase of my career. Individual startups in my portfolio can and will raise outside capital when they’re ready to be independent. But Utopic LLC, the original parent company, will always stay 100% mine. Startup = Anything I Want to Create Any funding: Bootstrapped → VC/PE AnyContinue reading “Utopic Studio”
Micro M&A
Example: On midnight January 1, 2022, I officially closed on my first acquisition, a product line of technical workbenches called Electra-tec. I am now relaunching it as Pro Benches. I first found this product on BizBuySell in early September. Four months and five site visits later, Pro Benches is my business. Politicians left and rightContinue reading “Micro M&A”
Fractionalization
Problem: High transaction costs limit public access into finance, real estate, etc. Solution: Fractionalize complex assets using smart contracts and digital mirrors. How many lawyers can we replace with smart contracts? How much of finance is just entities securing each others’ assets? VCs (1-10+ wires) → Angels (10-100+ checks) → Crowdfunding (100-1K+ credit cards) →Continue reading “Fractionalization”
Politics is the Biggest Game
What would you cut here? Take it from noted cynic Plato: “The chief penalty is to be governed by someone worse if a man will not himself hold office and rule. It is from fear of this, as it appears to me, that the better sort hold office when they do, and then they goContinue reading “Politics is the Biggest Game”
Personal Capital
The 4 Types of Personal Capital: Chart: Examples:
360 Deals for Founders
In the music industry, a 360 deal is where a record label provides an artist with financial, marketing, and distribution support in exchange for a percentage of future revenue streams. Help founders create their own startup studios. This gives founders the freedom to think big and quickly take multiple shots on goal. Motown Records’ 360 dealsContinue reading “360 Deals for Founders”
Utopic Ventures
This idea is a work-in-progress. If you’d like to riff on it, hit me up @neilthanedar on Twitter!