Work, craft, building

The beauty of blockchains and smart contracts is that they are under-explored spaces in which you can look at problems through a news lens – specifically those related to capital formation, coordination and automation.

Seed Club is a DAO orbited by thin business units.

Within the DAO we focus on building communities, experiences, and media that creates participation pathways for existing crypto believers, and converts people still on the edges into believers and participants.

We help people make money, get smart, have fun, and find belonging along the path to colle... See more

Seed Club is a participant-owned venture network. It’s a bet that doing venture capital from the first principles of a network instead of the first principles of a firm will create dramatically more interesting outcomes.

It’s a subtle but fundamental shift. It means that instead of the organization at large being narrowly focused on investing activi... See more

I highly recommend reading the book, but wanted to take a stab at proposing some inflections that exist within crypto that have been top of mind for me.

The new existence of low cost global permissionless payment rails. For the first time you can now send or accept money from anyone on earth for fractions of a penny. With the improving UX of crypto ... See more

While Vertical Integrators are technology companies, their business models should be the opposite of the Aggregator model that won the Internet era. They should look like the business models that won the Second Industrial Revolution.

Legacy Industrials , or Incumbents, have vertically integrated supply chains designed around older technologies and processes. Deep Tech companies have unproven technologies that, if they work, could be a very powerful building block for many businesses. Vertical Integrators integrate a number of cutting-edge-but-proven technologies; what they need... See more

That’s the difference to me between deep tech and Vertical Integrators. A deep tech company designs a product for optimal performance, taking on the risk of unproven science or technology to do so, while a Vertical Integrator designs a system for optimal performance, taking a risk on the combination of proven technologies.

So if I step back, a good consumer token model in my mind:

• Releases a token early, recognizes the end state is entirely unclear, and maintains optionality on how it’ll evolve in future


• Has mechanics to distribute tokens over a long time frame to users / participants that are creating value


• Captures value from the speculation layer and funnels it into

... See more