anonymous alan

@Thomas_Salamus_ Good list! I especially liked the "Youtube videos" (and Twitter lol) as work. But don't you think it's ok to tell friends as it creates a bit of accountability for yourself? Or maybe doesn't matter...

A non-exhaustive list of mistakes to avoid when starting your first eCom from someone operating their first ever eCom Every mistake listed I either made or avoided because someone guided me If you're an experienced eCom-er feel free to add more - Outsourcing too early - Scattered finances / using personal cards & accounts - Overspending on dumb shit - Underspending on important shit (ads) - Mixing friends with money - Telling people about your business too early (or at all) - Working with people you have not properly vetted / been referred to - Not offering supreme customer service - Being a doormat with rude customers/potential customers - Taking bad feedback/ad comments personally - Not trying to solve problems yourself before asking for help (especially google-able shit) - Being afraid to ask for help - Listening to 19yr old Gurus and thinking product quality isn't important - Not realizing marketing is 80-90% of the game and logistics/admin/design are 10-20% - Outsourcing your decision making - Denying the tried and true methods because you don't "like" them - Acting like a big brand when you're just starting out - Pricing too high or too low - Not testing demand before buying inventory - Not negotiating with vendors - Hyper-fixating on unimportant things like Shopify themes - Mistaking youtube videos, books, podcasts, or courses as doing "work" (doesn't mean don't use them just understand that they are not actual work) - Not prioritizing revenue generating activities - Trying to learn all platforms at once - Not doing manual attribution (a bit more advanced but worth mentioning - I still am improving here) - Not testing enough creatives, angles, hooks, etc... (This should honestly be priority 1 or 2) There's 100s more but I'm sick of typing

@EDunion @theisaacmed If you have a bookkeeping team in India don't you trust them to reconcile? And does it matter if no one has access to the bank account but you?

@theisaacmed Accounting has a great saying, “Trust but verify”. It’s so important to do account by account transaction reviews every month as well as bank and credit card reconciliations. Usually the fraud lives on the balance sheet.

It’s not just finance people. When my first co took off, my first hire was a packaging guy who was a family friend of 15+ years. After 6 months we got a warehouse and he became warehouse manager. I gave him access to a debit card linked to our main account. After all, I’ve known since I was a kid. He stole 35k. We were barely 8 months old and only made payroll because we got a high interest loan. Trust no one. Always have controls in place. I use mercury and they have great permissions. Every single invoice goes through me for approval.

@Thomas_Salamus_ Do you have a history of how you built your brand in your Twitter history?

Yo I’m going to be creating a lot more video content around starting a brand from scratch while working a 9-5 If you’re into that kind of thing follow me on Instagram (link below)

@NightOwlCapital Do you know where we can buy? Would you recommend buying or waiting?

Hyperliquid really took our money and gave double back

@NightOwlCapital Do you recommend buying hyper liquid? And if so where can we buy it? Thanks!

All the founders who were supposedly crying about memecoins should be feeling deeply inspired by Hyperliquid

@9operators @CurtisMatsko Unless I missed it there was a discussion on owning the supply chain and creating best quality at lowest price. There wasn’t any detail I don’t think on that which makes it not particularly useful of a concept lol

Are you caught up on last week's episode with @CurtisMatsko? YouTube 👉 youtube.com/watch?v=vk7nIK… Spotify 👉 open.spotify.com/episode/24sWSQ…

@TaylorHoliday Non related question. If you are selling supplements on meta is it a good idea to niche down (x for entrpreneurs, athletes, etc) or stay broad?

Same for ads.

@Peter_Quadrel Does this apply to subscription based businesses as well? Essentially is niching down a good idea? I’m newish to meta and have heard that broader is better due to targeting.

The key to finding traction with a luxury & premium is niching down until you hit $10M/y... Tune your products to very specific groups of people, add more groups in as you approach $10M, then go broad.

@NightOwlCapital When can we buy coin? Would you recommend buying?

Hyperliquid captures both degen trading capital from Solana and institutional capital of Ethereum Long term valuation somewhere in between the two works for me.

@EthereanVibin What’s a bear case for you ETH? That is, what would make you reevaluate your support?

There is no second best. $ETH is the one I won’t stop bullposting until the entire world understands this

@BowTiedBull Except if you own ETH :(

Alt season hasn't even kicked off yet and everyone got insanely rich the year *before* the bull market run of 2025. Going to be an insane year.

@BowTiedBull Kraken fees are super tiny no?

In all seriousness why do you guys bother trying to trade majors on an exchange. You get eaten alive by fees Just buy the one you want and let it sit

@BowTiedIguana @jespow Incredibly insightful response. Thanks

@alextheway44 I like Kraken, and I'd trust it's founder @jespow but he's not running the day to day any more. The issue with trusting an exchange is that other people are in control of your money - that's what crypto was initially created to avoid. Here's why that matters:

If you're new in crypto you need to do two things: 1. Understand that all your crypto money can be stolen, instantly, if you don't follow the correct security procedures. 2. Learn the fundamentals so you can tell the difference between a legitimate project / company and a scam.

@BowTiedLobster @TheBTCKingpin If you’re investing in crypto is it safe to assume bitcoin returns are probably moderate due to size? And then ETH is the next largest but seems like people have soured on it. What else would you invest in? I’m not keen on buying alts which feels like betting and timing

@TheBTCKingpin @alextheway44 Gold is conviction. Bitcoin is safety. Nothing feels more safe to people than the thing that has outperformed everything for the last decade. People who don’t have conviction can simply own both.

@alextheway44 Crypto price moves as stocks on leverage so bull has a massive amount of stock exposure. He’s basically 300% invested in stocks.

@BowTiedLobster Thanks!

@alextheway44 It’s okay to invest in treasuries. A person who wants to guarantee he grows his investments with low stress and knows he has plenty of income no matter what, can invest equal amounts into crypto, gold, and bonds. No guarantees but it will probably end well.

@BowTiedLobster Got you. Even after recent gold spike? Do you stay out of treasuries?

@alextheway44 Gold is the hedge. If there is stagflation the most likely outcome is gold skyrockets (look at the 1970s chart) while stocks go sideways, and crypto likely goes sideways with stocks. That’s why my plan owns both crypto and gold.

@BowTiedBull Would you sell out of stocks in portfolio?

Outside of crypto everything is basically uninvestable for around a year. Only exception is if you’re not financially independent and want to buy a *luxury* property. Mid range forever cooked/bbq chicken

@BowTiedLobster Yeah I applaud the conviction but “cycle” “certainty” and “hush” feels like a lot of hubris

@alextheway44 You’re getting a lot of replies from people acting like predicting the future price of ETH is easy. I just want to make sure you remember that people on here will get it totally wrong and then pretend it never happened.