Is It OK to Be a Premium Product and Slowly Push It Down?

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Gad, i wish they ad leaned in to the exclusivity elements. It's ok to be a business for wealthy people. But it is completely against the ethos of web three and and the crypto community in generali. The everyday man now has access to ah social networks, has access to communication tools. Sojust, it doesn'tea add up if if the only people who have access to this product space are high networth individuals who drive lambos.

(01:26) Facebook executives flee but not in a super disconcerting way yet

(09:34) Yuga Labs raised $450 million dollars to let Bored Ape Yacht Club try to do a thing

(21:53) Democratizing NFTs for everybody as long as everybody has $250,000

(29:33) Why you’d mess with NFT success kinda just because it’s cool

(35:43) How Vitalik Buterin just wanted his World of Warcraft stuff and now there are million dollar monkeys

https://www.wsj.com/articles/mark-zuckerberg-and-metas-leadership-take-remote-work-to-the-extreme-11648040580?mod=tech_lead_pos5

https://www.theverge.com/2022/3/22/22991272/yuga-labs-seed-funding-a16z-bored-ape-yacht-club-bayc-metaverse-other-side

https://time.com/6158182/vitalik-buterin-ethereum-profile/

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Mixed and edited: Justin Hrabovsky

Produced: Andrew Nadeau and Rashad Assir

Executive Producer: Josh Machiz

Music: Griff Lawson

Show Notes:

Wall Street Journal - Facebook Executives: https://www.wsj.com/articles/mark-zuckerberg-and-metas-leadership-take-remote-work-to-the-extreme-11648040580

Leaked BAYC Deck: https://twitter.com/LeonidasNFT/status/1505058932758360064?s=20&t=AaGm3EcwEjQOheuHGSMPkQ

Axie Infinity video: https://www.youtube.com/watch?v=0GFSDdt35xI

Vitalik on the future of Crypto: https://time.com/6158182/vitalik-buterin-ethereum-profile/

Vitalik at ETH Denver: https://tech.hindustantimes.com/tech/news/ethereum-founder-vitalik-buterin-says-crypto-welcomes-another-winter-71645295910461.html

Executive Producer: Rashad Assir

Producer: Leah Clapper

Mixing and editing: Justin Hrabovsky

Check out Unsupervised Learning, Redpoint's AI Podcast: https://www.youtube.com/@UCUl-s_Vp-Kkk_XVyDylNwLA

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Logan Bartlett is a Software Investor at Redpoint Ventures - a Silicon Valley-based VC with $6B AUM and investments in Snowflake, DraftKings, Twilio, and Netflix. In each episode, Logan goes behind the scenes with world-class entrepreneurs and investors. If you're interested in the real inside baseball of tech, entrepreneurship, and start-up investing, tune in every Friday for new episodes.