Fit Rich Life Matthew Liu: Happily Achieving, Losing $7.7M, Crypto, NFTs, DeFi & Entrepreneurship | Episode 28
Could you turn a $7.7M loss into a massive win? Matthew Liu, the co-founder of Origin Protocol, did exactly that, believe it or not. Does that mean it was easy? Definitely not. But creative entrepreneurial grit & hardcore persistence pays off, especially when shit hits the fan.
Tune into this deeply insightful episode to level up your mindset, crypto/blockchain/NFT knowledge as well as learn a ton of actionable-insight that can be utilized by anyone looking to embark upon their own entrepreneurial journey.
Matthew Liu is the co-founder of Origin Protocol, which is a blockchain technology company that's on a mission to bring NFTs and DeFi to the masses. He's also a serial entrepreneur, angel investor & has really been around the block when it comes to all things technology, entrepreneurship, crypto, & Silicon Valley
DISCLAIMER: All information contained within this episode is for entertainment purposes. This episode does not contain investment advice. Please consult a professional before making any investment.
Key Highlights:
[00:01 - 10:55] Opening Segment
• How Matthew lost the company’s user funds and how his product got hacked
• How his cryptocurrency token had rocketed after people claimed their compensations
• How Origin Protocol is a blockchain technology company that is on a mission to bring NFTs and Defi to the masses
[10:56 - 29:13] How to be Happy and Attract Successful People
• Why Matthew practices gratitude by counting the things that are going right in life, in order to balance out the things that are going wrong
• Why people should start by being grateful for the smallest things in their life and work their way up to more complex and meta items
• Mental state is key to success, and can be improved through practices like breath work, body movement, visualization, and gratitude
[29:14 - 38:10] Life After Graduation
• How Matthew ended up staying at Stanford to get a masters degree
• He identified two startups he wanted to work for and went all in to get a job at a startup
[38:11 - 58:48] How to be an Entrepreneur
• Successful entrepreneurs are often determined and gritty, and are willing to go through pain to achieve their goals
• Top 3 Tips:
- Surrounding yourself with the people that you admire and respect
- Having a curiosity to try things out
- Be able to suspend disbelief for a reason
[58:49 - 1:25:31] Main Products of Origin Protocol
• Origin Dollar:
- A Crypto Stable Coin
- The platform uses smart contracts on the Ethereum blockchain to automate various banking operations
• Origin Story:
- A new NFT platform that allows for digital ownership and proof of digital scarcity
- Digital assets in the world of gaming are already valued, and NFTs can be used to represent physical goods as well
- NFTs can be bought, sold, and traded on marketplaces, opening up new opportunities for luxury goods, real estate, art & more
2. A new NFT platform that allows for digital ownership and proof of digital scarcity
[1:25:32 - 1:34:56] How to Get Started in Crypto
• Crypto is volatile and can go up and down a lot, but over time it tends to go up
• It's hard to time the market, so it's important to have a long term perspective and dollar cost average into coins
• Cryptocurrencies are a high-risk investment (invest at your own risk).
[1:16:12 -1:28:31] Closing Segment
• It is a good idea to start investing in stable coins to protect your purchasing power
• Holding staple points is actually not riskier than keeping your money in a bank account if you're using the right projects
If you want to connect with Matthew, follow him on Twitter: @matthewliu
Email: matt@originprotocol.com
Key Quotes:
“I think you find what you are looking for.” - Matthew Liu
“Don’t be a solo founder.” - Matthew Liu
“The types of people that you hire are also gonna be determined by what your values are and what you care about.” - Matthew Liu
Resources:
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