timparsa

90%+ for "tech startups," although it's very hard to find data that sorts through all the startups and separates them into tech and non-tech startups. Good source is https://www.failory.com/blog/y-combinator-failures#:~:text=O....

Pls share with anyone at Miami Tech Week.

YC has empowered thousands of breakout Founders to build world-changing Startups. We need something similar to empower breakout Leaders to run election-winning campaigns. The future of our civilization depends on it.

P2P is what made Airtm a great company. The recent Paypal penalty/confiscation policy makes P2P an essential tool for anyone who loves freedom.

I wrote more about it here: https://timzparsa.medium.com/scaling-stranger-to-stranger-se...

That's very interesting. I did not know that was the case.

I've thought about how the reasons VC is so important can be ranked:

1. Validation is antidote to founder burnout 2. Collaboration improves iteration. 3. Money covers founder and startup expenses.

The money isn't the most important thing in my experience.

I think there's a big opportunity to shift the validation/collaboration to early stages and for more founders and the result will be more and better and bolder startups.

I'm pretty sure there's a giant unlock connecting founder vision, community, and VC.

Of course and they do a great job. But what is YC's acceptance vs. application rate. I imagine something more selective than Ivy League.

What about those not selected? What about show selected that fail?

Seems to me that the biggest problem we face today is centralized power and that the antidote to that is hyper-decentralization via tech entrepreneurship. We need like 1000 Elons and Bezos.

Also Nicholas Taleb's Incerto Blog and books.

Our organisms evolved for scarcity, not abundance. This is a source of immense suffering and waste in modern society. Luckily our species also evolved via incentives (our second greatest invention after the Internet). Digital cash incentives hold the promise of providing a countervailing force to the temptations and distractions of modern life.

I admire Nassim Taleb a lot, so I read his BTC "Black Paper" carefully and wrote this rebuttal. Comments welcome.

Hi HN--

TL;DR: I'm on a mission to power 2MM new entrepreneurs in 2022 and I'd appreciate if you checked out the linked video and shared it with anyone thinking of doing a startup.

I love startups, have built many (Uphold, Airtm, Cadoo, most recently), and along the way have marveled at how haters (scoffers, eye-rollers, nit-pickers) there are whenever an entrepreneur attempts to build something new.

I think it's because most people stifle their souls/true selves in order to conform to the status quo, and so entrepreneurs register as both a threat to stability (i.e. "disruptive") and a painful reminder that some people don't bury their hearts' desires in exchange for security. Successful entrepreneurs get the most hate as PG recently pointed out in a tweet, and I think it's because of the cognitive dissonance they cause in those who never dared.

Despite all the unicorns and famous founders, entrepreneurship is still considered by most to be irrational, weird, and threatening. It certainly is in my family and amongst the people I know. In this framing, some people (a small minority) are entrepreneurs, as some are left-handed or have perfect pitch. But most are not, and that's for the good.

Does this resonate with any of you? I'm curious to hear your thoughts.

I'm on a mission to change all that with Slyk (slyk.io) and Slykigai, a philosophy of external alignment with community and the market via entrepreneurship, inspired by the ancient Japanese concept of ikigai and the Venn Diagram of Purpose.

The product combines short video (for pitching/selling) with crypto/fiat rails for payment, and a private digital reward wallet network (each a sub-net of the SlykPay network).

You can sell anything, reward your networks for bringing you clients (social marketing rewards) and sales (referral rewards) and get paid/pay-out anyway you want (Venmo to BTC).

I agree with Naval Ravikant that the internet has vastly expanded the potential careers that are possible (and that not many have realized this yet).

With Slyk and Slykigai I want to make entrepreneurship at least as inspiring and accessible as yoga.

Part of it is making it really easy/low risk to launch an online business and reward people for bringing clients (every startup founder knows the importance of a tight referral program).

Building Airtm I saw how people jump at an opportunity to make money online and how crypto enables over-the-top money connected to every other money network.

But the better mousetrap also needs a better meme-trap (product + distribution), which is why we created Slykigai to transform how people think about wealth creation, their talent stack, and the community to which they want to contribute. We also created a free online program to discover, productize, and power your life's purpose via an online business.

We launched our private beta in Cuba (a place I know pretty well from non-fiction reporting/writing) because 1. Cubans are desperate for ways to monetize their talents and 2. Entrepreneurship is basically illegal in Cuba. So I knew they 1. would tolerate a buggy beta product and 2. would have even more internal friction against launching a startup than the average gringo, a good test of Slykigai's efficacy.

Over the past 6 months we've brought thousands through the Slykigai Program and powered hundreds of active Cuban Slyks. Not bad. Not Shopify, but a start.

A Slyk is an internet infomercial for whatever you are selling. Slykigai is a philosophy of soul/self commerce.

Maybe it sounds weird to think of a soul/self needing an internet infomercial, but I hope that it will eventually be a path for millions to build sustainable fulfilling lives.

I think we can turn lots of haters into creators.

Hey Benjamin--

Congrats on Nala. I've been building digital money/crypto apps and platforms since 2013: Uphold, Airtm, among others.

I have some ideas that you might find interesting/helpful:

1. Have you considered offering non-native assets that are superior stores of value than local fiat, such as USD? Airtm has been doing that for the past 3 years in LatAm and we have an easy-to-integrate API that would allow you to offer USD pay-ins/outs via your platform.

2. Airtm also enables P2P exchange between local money and airusd and by extension any two local currencies. Since you are representing multiple assets in one place (as I understand the product) that might be interesting for those holding multiple currencies.

3. Airtm could offer very low-cost USD remittance directly to your users in USD from the US (this month) and all of the EU (next month). So Nala users could recieve USD with Airtm, offboard as local money as needed.

4. I'm leading an effort to build an open source system of smart contracts for P2P crypto/fiat (and by extension fiat<=crypto=>fiat exchange (air protocol) which would enable Nala to offer its own P2P fiat/fiat exchange without relying on Airtm directly.

Please reach out when you have some time. I'd love help you guys grow.

Congrats again.

Regards,

Tim

Sounds familiar: http://imgur.com/gallery/co5RIAx/new