Miko

Founders: stop planning the “perfect” fundraise. I see too many founders list 10 “perfect fit” VCs. If those pass, you’re starting from scratch. Start wide. Narrow later.

When AI hits security there will be signs

Very excited to see the @CFS_energy progress update from the CEO youtube.com/watch?v=ZTzkmQ… this is one of the most exciting projects for humanity currently under development

Unless I’ve mistaken this is a first-of-kind regulated insurance policy covering crime to such an extent in DeFi. It was a huge effort to get here with over 12 months of work from Teo Kithara-Bigot, Adam Wickens, Alex Krasnow and guest appearances from Christian Ogden-Davies. We feel this is the most robust regulated product out there in the market for DeFi lending markets and we hope this can provide foothold for more cover to grow as we expand.

Past days has been extremely hardcore for our team and DeFi in general. DeFi went trough a substantial stress test and the consequences were felt. It definitely was the hardest couple of weeks that I experienced in my life and during the past decade building in the space. I am still writing this with couple of hours of sleep per day so bear with me. For me personally, the rsETH bridge incident was unfortunate as our team and community has put so much effort into securing the protocol and seeing the exploit happening outside of the protocol smart contracts, and affecting the markets is hard to watch even when the markets had (and still have) full backing like Mainnet Core. That being said, Aave has seen multiple market/credit cycles and always has been able to prove its resiliency. I have more confidence in DeFi today than ever, not because of the industry is stepping up and improving security practices, but because there is a true community behind DeFi that is willing to help and do whatever it takes to ensure our space has future. I want to say that during all this madness there were lot of people that were extremely supportive and proactive to mitigate any issues and contagion. At the first glance, from Aave's perspective we were positive that we would find a resolution and we had overall balance sheet, protocol revenue and external/public support to over come the issue from Aave's perspective but what we understood is that the issue was beyond Aave. It was about restoring the whole state of DeFi, avoid contagion and ensuring that the whole ecosystem overcome this incident not solely Aave. DeFi United started as an initiative from DeFi protocols that were affected but eventually became an industry wide movement to save DeFi and bring protocols together. I am grateful for all the contributions and support that everyone has been providing and can say that this wouldn't be possible without it. I'd hope that DeFi United becomes a permanent movement in some shape or form with the right form factor. DeFi United was executed at insane speed and other constraints but there could be a model that could continuously support the industry from the unexpected. I'd say during the past week lot of people stood up and I really don't have the space to mention everyone (you know who you are) but specifically I want to say that @MikeSilagadze deserves more respect from the space than anyone else atm, he went above and beyond and was willing to sacrifice a lot to solve what actually wasn't something cause by his efforts. Full respect. @LidoFinance team also deserve special credit, this team truly cares about DeFi and was extremely helpful along the way. They deserve full credit. @gdog97_ deserves credit as well, who helped to brainstorm various solutions and also stepping in with Ethena and helping on coordination. @arbitrum community for doing the right thing and rescuing the funds from the bridge contract that was a difficult but the right call. @Mantle_Official @Bybit_Official team for stepping up as well and showing strong support. The team has been supportive and truly cares about making the space safe. Last but not least lot of credit goes to @ethereumJoseph who really stepped in to help DeFi and the ecosystem. Joe cares about Ethereum, he cares about DeFi and understand the importance of DeFi for the future of Ethereum. We have truly good people within our community. These folks are true guardians of our space (among others on my long list) that really want DeFi to win. I feel very optimistic now about our space, it is true that events like these can be a setback but in reality it builds resiliency, which our space stands for, and over time that is hard to beat by legacy systems. The past week we had to operate in multiple different constraints from time, information, resources, governance and other. We had to move as fast as we could as time was against us. It was a large coordination effort that we haven't experienced so far. I'd like to give most of this credit to our team and community especially @Token_Logic and @LlamaRisk who went also above and beyond to find resolutions and coordinate. There has been some banter about right type of market structure for onchain lending between shared or isolated pools but the reality is that when capital moves, it moves at scale and market structures are less of a mitigating factor. These kinds of times require to find solutions fast and reestablish the trust in the markets and the technology, that's whats important. All this being said there are some great learnings from this indecent like from any incident and we as any other team involved will share a post mortem and steps to improve anti-fragility. I might be now less bullish on onchain lending as infrastructure and more leaning towards a model where the market structures need to be backed by strong balance sheets and risk transfers, however this is another discussion for the future as issues can stem outside of the protocol's control. Now as the markets on Ethereum mainnet Core are restoring, our team continues to execute the technical plan to restore rest all the markets. Thank you for everyone who has been supportive and we will keep you up to date as we progress. DeFi United.

Hours of valuable content - thank you to all the speakers for sharing their insights and knowledge with us 🙌 Important ❗ Recordings will be available soon. All attendees will receive an email with details on how to access them. 📧 There will also be an option to purchase the recordings if you weren’t able to join us. Stay tuned!

Must watch 🎥 Miko Matsumura, @mikojava, drops serious insights in this conversation with @JakubDziadkowie for @beincrypto @BeInCrypto_PL. Don’t skip this one. 👇 youtube.com/watch?v=Q4g9Y5…

@davidhornik it spawned a subagent so it's working on your prompt, come back in a few years to see the result.

@SimonDixonTwitt these guys are marginally better than Max Keiser tho

This is why I no longer speak at Bitcoin conferences. These conferences are created and sponsored by those who want to centralize as much Bitcoin as possible into financial-industrial complex wrappers. You resist by holding it in self-custody and boycotting all FIC wrappers, including conferences owned by Bitcoin treasury companies.

@StephNass Playbook

In the past 5 years, I've reviewed 1,000+ pitch decks from founders pitching VCs like: · Sequoia · a16z · Y Combinator · Accel · Index Ventures · Bessemer · First Round Capital · Lightspeed · General Catalyst · Tiger Global And many more... In the process, I've found dozens of patterns that separate the raises that close from the ones that stall for months. So I built a visual playbook with all of them. Comment “playbook” for free access. It includes: → Understand the VC game (what VCs really want, where they invest) → Build your investor list (where to find relevant VCs, how to follow up) → Plan out your raise (SAFE vs equity, how much to raise) → Access investors (warm intros vs cold emails, how to get inbound leads) Basically - everything you need to go from finding your first investor to closing your round. For your angel round, pre-seed, seed, and Series A. I wish I had this playbook the first time I raised. Want access? Like this post Comment "playbook" I'll send you a DM with free access PS: Repost this and help out a founder in your network.

The best founders I know all text their investors. None of them email them. The relationship will blossom and deepen in a matter of messages.

America needs to go much harder on open source models

Everyone in the world has to take a private vote by pressing a red or blue button. If more than 50% of people press the blue button, everyone survives. If less than 50% of people press the blue button, only people who pressed the red button survive. Which button would you press?

@elonmusk @yamanakanobody Japan is the most beautiful, orderly, and safest country I’ve ever visited. It restores your faith that genuinely kind people still exist in the world.

1/ Buy-and-burn is becoming the default ‘capital return’ strategy in crypto. I think this is a big mistake. Stop it. Get some help. Profitable protocols shouldn’t shrink their balance sheets when they can do productive things instead.

@avichal yeah the easiest thing in the world is to say "that startup will fail" and you're right almost always. It's just when you're wrong you are VERY VERY VERY wrong!

One reason bad VCs think they’re smart: They say no to most startups, and most startups fail. So even if they're not good at picking winners, a lot of feedback bad VCs get is that they're mostly right.

@zmwang Humans, unite!

@mikojava Thank you! Great to connect.

I'm writing a cookbook for connection and launching the first recipes → cookbookforconnection.com For 15+ years I've been the friend people texted at 11 pm before a big life thing. "I'm walking into my first board meeting tomorrow, how do we build trust in the first 10 minutes?" "I'm designing my 35th, help me make it more than a bar night." "I'm going on a trip with my parents, how do we actually connect?" "We're designing our intercultural wedding, how do we make it magical and not formulaic?" 🍽️ They each wanted a "recipe" for how to design an experience. I'm sharing some of the meaningful ones that helped them (ingredients, steps, and a little science explaining why it works). 👨‍👩‍👧 What I learned is that people wanted to connect with the most important people in their lives, but were stuck. Holidays with parents, date night with their partner, a cousin's trip, a team offsite, a birthday, a baby shower. We default to the same script and wonder why the night felt okay but not great. It's usually not a lack of love in the room. It is a lack of inspiration about how. 🍚 In the same way you pull up a food recipe when you want to cook something great for someone, I believe we need inspiration from recipes for the experiences we host. Magical recipes to teach people how to host, facilitate, and create the "vibes". I will share a new recipe every Monday (cookbookforconnection.com). Comment 👇: What recipes would you want to read? Who do you want to deepen connection with in your life?

Aave is my life's work and we're working nonstop to find the best possible outcome for users. I’m personally contributing 5000 ETH to DeFi United as we continue working together with partners on formalizing more commitments. I’m working to see this resolved and market conditions normalized as soon as possible. DeFi United.