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Making Markets

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Mar 4, 2022 • 35min

A New Future for IP - Aku Dreams - [Web3 Breakdowns, EP. 11]

This is Eric Golden, and my guest today is Micah Johnson the creator and artist behind Aku Dreams. Micah’s story as a pro baseball player turned famed NFT artist and Aku’s story, are both unique and inspiring. We dive into how Micahs childhood inspired the story behind Aku, what he has learned from his success, and tips for artists in the space. Please enjoy my conversation with Micah.For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ----- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag  Show Notes[00:02:04] - [First question] - His backstory and becoming a professional baseball player[00:03:34] - Who inspired him to pursue a professional career in baseball[00:04:38] - Whether he had any moments of doubt in his pursuit of the big league[00:05:16] - Where he found time for painting outside of baseball[00:06:17] - The origin story of Aku and stepping into the NFT space [00:08:17] - Making the transition from physical to digital art[00:09:27] - The power of his message and the reach it’s had[00:10:42] - Symbolism of the astronaut mask and where the name Aku came from  [00:12:02] - How much is planned out in advance when releasing art in chapters[00:13:59] - The size of the team when they started and where it is today[00:15:02] - How much revenue they’ve generated and IP wealth[00:16:12] - The Aku IP structure and how it works[00:16:49] - What’s worked for him when it comes to community building[00:18:02] - How different levels of ownership contribute and govern the project[00:19:10] - Go-to-market products and how community impacts the creative vision[00:20:37] - Adding value to early adopters and believers in the project[00:22:01] - Worries about a lack of community engagement and constantly delivering[00:23:12] - NFTs as a tool in native Web3 companies and how the business model works[00:24:06] - Receiving movie offers so early and community driven IP[00:25:42] - How he’s learned so many skills over his lifetime and thoughts on training [00:26:34] - Trying to remove money as a target and what success looks like for Aku[00:27:21] - Lessons that can be shared with new creators in the NFT space [00:28:14] - Projects that have inspired him that cross over from web3 to media [00:28:55] - Examples where he’s overridden community decisions and why[00:29:40] - Surprising ways Aku has impacted the lives of different people [00:30:56] - Intimate details and Aku as a diary of his lived experience[00:32:45] - What he’s most excited to build over the next six months and six years   Learn more about your ad choices. Visit megaphone.fm/adchoices
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Feb 25, 2022 • 52min

Sustaining a Play-to-Earn Economy - Axie Infinity - [Web3 Breakdowns, EP. 10]

My guest today is Axie Infinity co-founder, Jeff "Jiho" Zirlin. The Colossus team covered the Axie origin story through Business Breakdowns in September of last year but we felt it was an ideal time to revisit the "play-to-earn" pioneer. Jiho and I cover his involvement with the Axie ecosystem including gameplay, the economic model, and creating a sidechain. Please enjoy my conversation with Jiho. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ----- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag  Show Notes[00:02:02] - [First question] - His history and what lead him to work on Axie Infinity[00:05:26] - The arc of gaming and its evolution leading up to today[00:07:12] - A high-level overview of Axie Infinity and how you play it[00:08:21] - The size, scope, and user base of Axie today[00:09:10] - Thoughts on onboarding and educating their player base [00:10:53] - What he thought Axie could become in the early days[00:12:42] - Difficulties of creating a sustainable game with an economic structure[00:15:26] - Why there was such huge adoption in the Philippines [00:16:53] - The guild’s scholarship model and endorsing Web3 literacy[00:18:06] - Whether or not the game has always been designed to be a window into crypto[00:19:41] - Thoughts on how Axie could impact the real world [00:21:37] - Why build their own chain, wallet, and ecosystem and how he’d build it today[00:23:46] - Challenges scaling their business with their own unique ecosystem[00:25:46] - Internal politics and user mentality around Axie and Sky Mavis[00:26:46] - Managing and aligning user expectations and how many employees they have[00:29:51] - Deciding which levers to pull on and which to retire for the sake of the project[00:32:45] - Understanding how changes made positively impact Axie[00:33:31] - Inflation and deflation cycles of in-game currency and native tokens[00:34:24] - Changing player dynamics and public response to them[00:35:38] - How the structure of the game rewards the builders and what having an Axie unlocks for players[00:37:19] - Future developments, the builder program, and plans for the future[00:39:01] - Why play-to-earn is different than play-and-earn gaming[00:40:55] - How Ronin works and unique characteristics compared to other L2 chains[00:49:55] - When we may see another game developer build on Ronin[00:50:36] - What he’s most excited to see built over the next six months and six years Learn more about your ad choices. Visit megaphone.fm/adchoices
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Feb 18, 2022 • 1h 6min

The Week Crypto Bid for The Constitution - ConstitutionDAO - [Web3 Breakdowns, EP. 09]

In November 2021, Graham Novak texted his friend Austin Cain with an idea. He wanted to buy the US Constitution. Little did they know, the next week of their lives would play out like a Hollywood movie script. When we look back on the ConstitutionDAO, I think we’ll remember it as a symbolic and historically significant event in crypto. To cover that moment, I sat down with Graham Novak and Miguel Piedrafita, two core contributors to the project. We dive into the intense 96 hours leading up to the bid, how decisions were coordinated, and just how they managed to raise 40 million dollars in less than a week. This is one of the most fun episodes I can imagine. Please enjoy. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ----- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag  Show Notes[00:02:27] - [First question] - What led him to text a friend about buying the Constitution[00:04:14] - What steps they mulled over doing first to accomplish this purchase[00:05:07] - How quickly this went from idea to reality and the chances of it succeeding[00:06:00] - Who they called next to start bringing this DAO to life[00:07:27] - Figuring out who would do what in order to accomplish this[00:08:43] - When the group went from known people to bringing outsiders into the fold [00:10:03] - Getting in touch with Sotheby’s and proposing their idea to purchase as a DAO [00:11:37] - Some of the stipulations that Sotheby’s said would need to be met  [00:12:52] - At what point they engaged lawyers to integrate legal structure [00:15:01] - What they were actually buying when you sent ETH in to contribute to the fund[00:18:46] - Stepping into day two with a legal structure and how big the group became[00:21:30] - Thinking about the security and the concept going viral on social media[00:22:55] - The tools used to construct the DAO and secure the funds [00:25:46] - An example of a split decision in the group and how it was resolved[00:28:06] - Who should have control over the funds and why they doxxed themselves[00:31:49] - Turning JuiceBox on what percentage of possibility day three brought [00:32:44] - Making the contributed funds raised open to the public [00:34:14] - Convincing large investors and large anonymous contributors[00:35:38] - What number was needed to enter and be competitive in the auction [00:36:51] - How many in the DAO attended the auction [00:37:35] - Who was on the phone with David and who was on the phone with Brooke[00:38:57] - Varying tweets about the outcome of the auction about winning or losing[00:43:17] - What it was like when Ken’s team contacted the DAO for co-governance[00:46:19] - Plans for the document if they won and managing refunds after the loss[00:50:39] - Introducing ideas for the We The People token and continuing the DAO[00:54:38] - What are some of the criticisms of the movement and things they would have done differently in hindsight[00:56:41] - How the DAO could have been more decentralized from day one [01:01:12] - Inspiring the masses and what they’re excited to see people try in the future Learn more about your ad choices. Visit megaphone.fm/adchoices
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Feb 4, 2022 • 43min

Transporting Talent in Web3 - [Web3 Breakdowns, EP. 08]

My guest today is Tina He. Tina is currently building Station.Express, a new blockchain-based labor marketplace. We discuss Tina’s personal journey as an online contributor, what drives her passion for creating a new future for work, and how Station.Express is differentiating itself from Web2 platforms. When I first spoke to Tina, I walked away incredibly impressed at her enthusiasm around this specific problem, and I think you will be too. Please enjoy my conversation with Tina. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ----- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag  Show Notes[00:02:10] - [First question] - Starting a blog at 14 in China and how China handled it[00:04:56] - What her vision of America was when she got here and how it helped her career[00:07:13] - Going from an elite program to a highly competitive job market and how it shaped her perspectives on meritocracy and work[00:09:30] - How the blockchain helps reputation and can streamline hiring talent[00:11:53] - Example of how work and actions can be stored on the blockchain[00:13:41] - What Station Express is and what they’re trying to achieve[00:15:33] - A good example of authenticating one’s work and proving your reputation[00:19:09] - Ways they are preventing this system from becoming a popularity contest[00:20:22] - Token integration within the ecosystem[00:21:23] - Different structures the hiring side can create to incentivize talent[00:24:49] - Normalizing the different rating systems DAOs will have and their scoring system[00:27:17] - How Station Express tries to solve voting on and rating subjective work[00:30:35] - Approaching starting a business like this and what has to happen first[00:31:35] - Helping moderators build their resumes even if it seems counterproductive[00:33:21] - What Station Express will look like in its full form and its impact on Web3[00:34:56] - How pseudonymity and a global landscape impacts the future of work[00:40:35] - What she’s most excited about in the next six months and six years Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jan 28, 2022 • 1h 19min

The Evolution of Crypto Investing - [Web3 Breakdowns, EP. 07]

Today, I am joined by Ari Paul, co-founder and Chief Investment Officer of BlockTower; a crypto hedge fund started in 2017. Before founding BlockTower, Ari spent time at the University of Chicago Endowment and, before that, at Susquehanna as a derivatives trader. Ari has been an active voice in the crypto space for years now, including on the original Hash Power series. With BlockTower being one of the original crypto funds, Ari is an ideal guest to talk about the evolution of crypto markets and where we are today.  For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.  ----- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag  Show Notes[00:01:50] - [First question] - How a political science major ended up in investing[00:05:06] - His perspective on how public opinion has shifted towards embracing crypto[00:09:58] - Whether or not owning crypto requires you to understand blockchains[00:13:34] - Setting a valuation for cryptocurrencies [00:19:45] - How censorship-resistant currencies could empower bad actors[00:27:50] - BlockTower’s scale and what kind of investments they make [00:31:41] - Thoughts on separating alpha from beta at BlockTower[00:38:26] - Explaining the protocol risk of crypto to investors[00:42:38] - Endowment adoption of crypto via fund-to-fund models[00:45:36] - Differences between equities, tokens, and varying levels of ownership[00:48:55] - His perspectives on various blockchain asset classes [00:54:30] - Parallels between the NFT and DeFi cycles[01:02:03] - Narrative driven correlations between traditional assets and crypto[01:05:44] - Defining the current cycle, where we are in it, and his allocations[01:13:41] - What he’s most excited to see built over the next six months and six years Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jan 21, 2022 • 48min

An Overview of Crypto Mining - [Web3 Breakdowns, EP. 06]

Today I am joined by Mike Colyer, the Chief Executive Officer of Foundry, one of the largest players in crypto mining, staking, and financing. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ----- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag  Show Notes[00:01:55] - [First question] - What he was doing before Bitcoin and what attracted him to crypto and mining specifically[00:03:21] - Overview of how Bitcoin mining works and the complexity and computing power necessary to participate[00:05:58] - What role luck plays in mining and winning a block[00:08:41] - Why some people say that mining is a horrible business[00:10:42] - The turning point for DCG to get involved in the mining side of crypto[00:14:03] - Whether or not equipment financing is always the core focus to support miners[00:15:19] - How a mining pool works and whether or not pools can attack the network[00:20:19] - His belief as to why China decided to ban mining [00:21:46] - Why manufacturers still make Bitcoin’s network vulnerable [00:23:17] - How the team at Foundry reacted to China’s decision to ban mining [00:24:45] - Thoughts on his role as a distributor and deciding which countries to empower[00:27:24] - Whether or not Foundry plans on becoming a public company[00:28:28] - What miners do mechanically on a day-to-day basis [00:29:14] - The average return on invested capital when setting up a mining company[00:29:51] - Why they only mine a small amount of Ether compared to Bitcoin[00:24:17] - Can miners switch back and forth between assets they mine?[00:32:14] - How chains convince Foundry to deploy capital and stake on their blockchains[00:33:18] - Differences between proof-of-work and proof-of-stake blockchains[00:35:45] - How Ethereum attracts miners and when they’ll move to proof-of-stake[00:37:05] - The most challenging part of running a mining operation[00:37:42] - Will we see a world where we can use phones and consumer tech to mine?[00:38:45] - Can we expect to see energy companies stepping into the mining space? [00:41:43] - The countries he’s most excited about that are making strides in mining[00:42:32] - Thoughts on energy use, consumption and environmental impacts[00:45:28] - Educating politicians on the advantages and necessity of participating in mining[00:46:18] - What he’s most excited about seeing built in the short term and mid-term [00:48:05] - Learn more about mining; foundrydigital.com Learn more about your ad choices. Visit megaphone.fm/adchoices
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Dec 31, 2021 • 40min

ZenLedger: A Framework for Crypto Taxes - [Web3 Breakdowns, EP.05]

Hello, this is Eric Golden and my guest today is Dan Hannum, the Chief Operating Officer of ZenLedger, a crypto tax software similar to TurboTax. Dan is here today to help us understand the evolving world of taxes and the impact on crypto, DeFi and NFTs. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.-----  Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag  Show Notes[00:01:56] - [First question] - How the US tax code is currently structured as it relates to crypto[00:03:38] - Classifying cryptocurrencies and taxable events when using and trading them[00:07:24] - Assigning your cost basis based on your transaction [00:09:53] - Structuring data reported from exchanges and how it’s changed over time[00:13:09] - What the IRS was suing Coinbase for and why [00:15:47] - Thoughts on DeFi and reporting transactions to the IRS[00:18:06] - Airdropped tokens and ways to think about them from a tax perspective[00:21:34] - Tax loss harvesting and crypto tax loopholes [00:23:42] - Tax rates for individuals and companies being involved in crypto full-time  [00:25:42] - Writing off lost hard-wallets and reporting losses[00:29:54] - Burner addresses as proof of destruction or loss[00:31:23] - ZenLedger’s customer base and a focus on retail investors[00:34:38] - Keep track of your transaction sources for aggregating your data[00:36:56] - What he’s most excited to build over the next six months and next ten years Learn more about your ad choices. Visit megaphone.fm/adchoices
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Dec 24, 2021 • 1h 11min

ENS: Ethereum Name Service - [Web3 Breakdowns, EP.04]

This is Eric Golden, and today I'm covering Ethereum Name Service, also known as ENS. In non-technical terms, a naming service allows you to map human-readable words to computer-based numbers. Listeners are likely familiar with Domain Name Services, DNS, which translates a website name such as joincolossus.com into an Internet Protocol address. ENS is similar, but instead of mapping to an IP address, domains are mapped to Ethereum addresses. When I bought my ENS address, I assumed the use case was to rename my wallet and make it easier than memorizing a bunch of random numbers. But as you will hear on this episode, the use case goes well beyond naming a wallet. To cover this wide-ranging topic, we called on a wide-ranging guest, Brantly Millegan, or better known as Brently.eth. We walk through the ENS backstory, why it seems to be winning over other blockchain-based naming services, and what the future may hold for ENS. There are some really interesting strategic points in this episode that listeners will appreciate. Please enjoy the conversation. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ----- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag  Show Notes[00:02:37] - [First question] - Who he was before crypto and how he ended up there[00:04:56] - How he found his way into the ENS space [00:05:40] - Overview of DNS and domain ownership as it exists today[00:08:48] - The Zooko triangle and how naming currently works[00:10:31] - Previous attempts at ENS and how they differ from its final form[00:14:07] - Deciding to build a system on top of the existing naming infrastructure[00:20:59] - What you’re buying when purchasing an ENS name[00:23:28] - How many years you can own your ENS name[00:24:16] - Are you renting the name or buying it[00:25:11] - Domain squatting and how they handle it today in this emergent space[00:30:25] - How much you can do with an ENS name[00:31:53] - Can ENS names be used as wallet addresses[00:33:18] - If he would have built it on a different blockchain if the project started today[00:35:06] - Name collisions, country domains, and working with Ethiopia [00:40:53] - Whether or not there will be competitors in name services in the future[00:42:29] - Funding the project with grants and the capital that built ENS[00:46:47] - Forming their DAO and the responsibility of token ownership[00:48:44] - Arriving at the formula to distribute tokens to name holders[00:55:22] - Token holder influence over the project and internal voting[00:57:16] - The difference between a protocol and a product[00:58:23] - KYC, data privacy, and integrating ENS names for account logins[01:05:41] - What subdomains are and where they could take the project[01:07:36] - A future where everything on the planet is named and serialized[01:09:46] - What he’s most focused on building over the next six months and next ten years Learn more about your ad choices. Visit megaphone.fm/adchoices
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Dec 17, 2021 • 52min

OpenSea: An Everything Store for Digital Assets - [Founder’s Field Guide, Replay]

Today, we are re-sharing our conversation with Devin Finzer, CEO and co-founder of OpenSea, from October this year. OpenSea is the world’s largest NFT marketplace. In a journey that started like many other founders in the space, Devin went deep down the crypto rabbit hole in 2017 and became particularly fascinated with the potential behind digital assets. During our conversation, we touch on the origin story of OpenSea, how Devin differentiates between the spectrum of NFTs in the market, and what he sees as the opportunity in the future for the industry. We also talk about the various risks within a blockchain, from security dynamics to market speculation. I hope you enjoy this great conversation with Devin Finzer.   For the full show notes, transcript, and links to mentioned content, check out the episode page here.   -----   This episode is brought to you by Canalyst. Canalyst is the leading destination for public company data and analysis. If you've been scrambling to keep up with the deluge of IPOs and SPACs these days, Canalyst has models on Robinhood, Marqeta, Grab, and everything in between. Learn more and try Canalyst for yourself at canalyst.com/patrick.   -----   This episode is brought to you by Eight Sleep. Eight Sleep's new Pod Pro Cover is the easiest and fastest way to sleep at your perfect temperature. Simply add the Pod Pro Cover to your current mattress and start sleeping as cool as 55°F or as hot as 110°F. To embrace the future of sleep and get $150 off your new mattress go to eightsleep.com/patrick or use code "Patrick".   -----   Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes.   Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.   Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag    Show Notes [00:02:56] - [First question] - When he first thought up the genesis of OpenSea [00:06:00] - What is listed on OpenSea, assets and volume, and the scope of the platform [00:07:26] - Thoughts on potentially becoming the current era “everything store” [00:09:22] - How they managed to become the main NFT trading platform [00:12:28] - What NFTs are, their various classes, and ways they’re stored on the blockchain [00:15:25] - How much transaction and auction volume happens on-chain [00:17:07] - Profile picture style NFTs and what’s exciting about them [00:19:24] - ArtBlocks and the mass interest in AI-generated art [00:21:22] - What he’s learned and seen about the emerging crypto gaming space [00:24:38] - The user experience of buying an NFT on OpenSea [00:26:45] - How the ownership transfer works between wallets [00:28:04] - Whether or not they have plans to partner with other companies [00:30:32] - How they think about what gets placed on OpenSea and why [00:32:09] - Thoughts on take rate and their 2.5% take rate of transactions [00:33:22] - Why their take rate is so low compared to other sale platforms online [00:34:47] - OpenSea’s relationship with the Ethereum blockchain and other integrations [00:36:50] - Perspective on wallets both as businesses and products [00:39:16] - Potential risks and the dark side of the unregulated NFT space [00:40:48] - The massive boom and bust cycles of crypto and the high prices of NFTs [00:41:59] - Interesting areas of Web3 that are in development today [00:44:19] - The project he’s enjoyed watching grow the most in the crypto world [00:46:42] - What OpenSea might look like in the future if the best-case proves true [00:48:59] - The kindest thing that anyone has ever done for him Learn more about your ad choices. Visit megaphone.fm/adchoices
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Dec 10, 2021 • 1h 3min

Discord: Building the Third Place - [Founder’s Field Guide, Replay]

Today, we are re-sharing our conversation with Jason Citron, CEO and founder of Discord, from October last year. Discord is one of the largest and fastest growing social networks in the world. It started as a place for gamers to congregate online, but thanks to how easy it makes community building and its offering of text, audio, and video as means of communication, it has expanded far beyond gaming. It has the potential to become the default digital “third place” that we go to find belonging in a variety of online communities. With over 100 million active monthly users, it’s also one of the most interesting communication services since the original social networks rose to power. Our conversation focuses on his background prior to Discord, Discord’s founding and growth, its business model, how it has evolved over the past 8 years, and what the future holds for Discord. As we talked, I had this sense that I’d be willing to go work for Jason, and I think you’ll see why. I hope you enjoy our wide ranging conversation. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. -----   This episode is brought to you by Microsoft for Startups. Microsoft for Startups is a global program dedicated to helping “enterprise-ready” B2B startups successfully scale their companies. If you’re a founder running a B2B company targeting the enterprise, you should definitely check them out.    -----   This episode is also sponsored by Vanta. Vanta has built software that makes it easier to both get and maintain your SOC 2 report, at a fraction of the normal cost. Founders Field Guide listeners can redeem a $1k off coupon at vanta.com/patrick.    -----   Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes.   Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.   Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag    Show Notes (3:17) – (First question) – Lessons from his time as a video game developer (7:58) – Going from game developer to game development platform (12:23) – From his first startup to Discord (16:33) – Expressing the hypothesis of discord (20:10) – How to know what signal to build upon (22:11) – Early adoption of Discord (26:17) – Getting the word out about Discord in the early days (30:43) – Creating more than just a platform, but creating a third place for people to congregate (32:38) – The Great Good Place: Cafes, Coffee Shops, Bookstores, Bars, Hair Salons, and Other Hangouts at the Heart of a Community (32:55) – The evolution and expansion of the types of community using their platform (37:27) – Discord’s business model and how it’s evolved (41:32) – Enhancing communication through Nitro (45:05) – Big principles for company building at Discord (51:22) – His thoughts around competitive advantage for the platform (52:55) – Creating a holistic experience for the users (55:45) – What bothers him the most when hiring (57:47) – Kindest thing anyone has done for him Learn more about your ad choices. Visit megaphone.fm/adchoices

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