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Nuggies: NFTs are over. Here comes the DAO
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Nuggies: NFTs are over. Here comes the DAO

Mar 25, 2021
Share this post
Nuggies: NFTs are over. Here comes the DAO
nuggies.substack.com

Thursday, March 25th, 2021

Welcome to the 41st edition of Nuggies, an email newsletter that aggregates articles and commentary on business, economics, startups, and more, in bite-sized nuggets sent right to your email weekly. Created by and for college students.

Our quote of the week comes from the Yiddish proverb, “words should be weighted, not counted”


This Week’s Articles:

The Dao of DAOs (What Comes After NFTs?): Not Boring

If you are still trying to figure out what NFT’s are, you’re a bit behind. This blog post talks through another hot blockchain based tech on the rise, DAOs, or Decentralized Autonomous Organizations. These are communities that are organized on the blockchain and thus are able to self regulate and follow a set of pre-agreed to rules without any intervention from a centralized power. The author describes them as “a new way to finance projects, govern communities, and share value. Instead of a top-down hierarchical structure, they use [blockchain] technology and rapidly evolving governance and incentive systems to distribute decision-making authority and financial rewards.” Definitely find some time to look into this.

Read it here

The a16z Marketplace 100: 2021, a16z.com

Image

Every year, Andreesen Horowitz releases a list of their top 100 marketplace companies operating at the time, discuss trends in the consumer marketplace industry. Especially in light of COVID, this is worth a read for anyone interested in the VC/startup space. They walk through how different companies navigate the pandemic and how the strongest marketplaces are adapting.

Read it here

Gumroad wants to make equity crowdfunding mainstream, Tech Crunch

illustration of money raining down

Gumroad is a startup that helps creators sell their work. They’re raising $6 million at a $100 million valuation, but the caveat is that only $1 million of that is reserved for traditional venture investors. The rest will be raised by anyone who has at least $100 they want to kick in. New SEC rules that allow for non-accredited investors to invest in startups has opened this opportunity up, and Gumroad is the first startup to take advantage of them. The SEC rule change raised the maximum a startup can raise from equity crowdfunding to $5 million from $1.07 million.

Read it here


This Week’s Tweets:

Twitter avatar for @splattneStefan Plattner @splattne
In 1930 the Indiana Bell building was rotated 90°. Over a month, the structure was moved 15 inch/hr, all while 600 employees still worked there. There was no interruption to gas, heat, electricity, water, sewage, or the telephone service they provided. No one inside felt it move.
Image

March 21st 2021

53,410 Retweets326,166 Likes
Twitter avatar for @amlewis4Ari Lewis 🚀 @amlewis4
This will have rippling effects in venture world: 1) VCs will improve due-diligence process esp. for creator founders 2) Reputational risk is real. LPs have a plethora of options, no need to allocate to firms under fire 3) Startups will think harder who they put on cap table

Spark Capital @sparkcapital

1/ In light of recent news about the Vlog Squad and David Dobrik, the cofounder of Dispo, we have made the decision to sever all ties with the company.

March 22nd 2021

20 Retweets201 Likes
Twitter avatar for @jmjJeff Morris Jr. @jmj
A venture firm where their only value add is they’ll buy you a great domain.

March 22nd 2021

8 Retweets282 Likes
Twitter avatar for @paulgPaul Graham @paulg
Advice to YC founders presenting at Demo Day (and any similarly early stage startup): You don't have to prove that you'll become huge. If it were provable, you'd already have your future valuation. You just have to show that you're a sufficiently good bet to become huge.

March 21st 2021

250 Retweets1,969 Likes
Twitter avatar for @matthuangMatt Huang @matthuang
On a long enough timeline... every hedge fund becomes a venture capital firm.

March 20th 2021

61 Retweets903 Likes
Twitter avatar for @agazdeckiAndrew Gazdecki @agazdecki
Business people looking to start a SaaS startup
Image

March 19th 2021

208 Retweets2,099 Likes
Twitter avatar for @ibogostIan Bogost @ibogost
Your HBR article name is The + your favorite noun + Economy

March 19th 2021

26 Retweets234 Likes
Twitter avatar for @helenaHelena Price Hambrecht @helena
How to survive fundraising: assume 99% will say no. Do the meetings anyway. It’s not about convincing anyone, it’s about pressure testing every aspect of your business and idea.

March 18th 2021

76 Retweets846 Likes
Twitter avatar for @dwrDan Romero @dwr
Wikipedia should fundraise by selling NFTs for every page.

March 18th 2021

219 Retweets2,556 Likes
Twitter avatar for @TheStalwartJoe Weisenthal @TheStalwart
The market is really starting to push back against Powell
Image

March 18th 2021

13 Retweets315 Likes
Twitter avatar for @sweatystartupNick Huber @sweatystartup
Apple makes $1.85 million in revenue per employee.

March 17th 2021

160 Retweets1,745 Likes
Twitter avatar for @wesamjawichWesam @wesamjawich
smh everyone wants to be a VC these days. He went from roundtable to cap table
Image

March 24th 2021

12 Retweets317 Likes
Twitter avatar for @nikillinitNikhil Krishnan @nikillinit
Imagine my disappointment discovering “power laws” had nothing to do with becoming a superhero and it’s just some boring shit in VC portfolio construction

March 24th 2021

1 Retweet31 Likes
Twitter avatar for @KunalTandonKunal Tandon @KunalTandon
Batman is just a no-code Iron Man.

March 24th 2021

130 Retweets1,279 Likes

This Week’s Wildcard (an extra, interesting nugget):

Here’s a table that shows the percent of startups that fail to raise the following round of funding and also the percent of startups that fail to exit, given a certain funding level.

Image

This Week’s Question:

What’s stopping you from throwing $100 at a startup and becoming an angel investor?


What are we listening to this week?:

This week we’re listening to Black Pumas, the 2020 self-named album from the Austin soul duo. They draw heavily on soul sound from the 60s and 70s, but bring lively, fresh production and incredible vocals.


Thank you for reading! Nuggies is created by Thomas Pero and Spencer Koehl, two undergraduate students at the University of Notre Dame.

If this was forwarded to you, please subscribe here:

If you have any comments, feedback, or suggestions, please feel free to reach out to us at tpero@nd.edu and skoehl@nd.edu, or on twitter, @tpero_ and @spencerkoehl

While this is a labor of love, if you would like to support our efforts please share this with friends and on social media. 

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