Investor | Nomad | CryptoPunk | Co-founder & Editor-at-Pixel @currentism
Joined December 2017
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MetasNomadic retweeted
❓ Andy Warhol a réalisé des NFT sans le savoir dans les années 1980 !
67%Info ✅
33%Intox ❌
88 votes • Final results
I used this to showcase for a good friend in traditional tech the power of #ChatGPT4 and community for ideas and sound boards.
This tweet also resonated with at least three web3 founders undergoing this live scenario who reached out direct to share 🙇♂️ 🙏 💪
The #chatgpt4 rationale breakdown for Option 2:
1. Reputation: By hiring a new CEO and joining the board, you maintain your reputation as a responsible founder who is dedicated to ensuring the company's success. This will positively impact your future ventures and professional relationships.
2. Finances: Scaling back the company to become cash positive helps to improve the financial standing of the business. While you will lose your salary, you will still retain your equity. Once the market improves, you may be able to sell the company at a more favorable valuation, which will likely result in a better financial outcome for you.
3. Opportunity costs: As you scale back your involvement in the company, you can pursue new opportunities and focus on your next venture. By maintaining a role on the board, you can continue to contribute your expertise and insight to the company, while also dedicating your time and energy to new projects.
Option 2 strikes a balance between maintaining your reputation, preserving your financial interests, and allowing you to pursue new opportunities. While there are no guarantees that this approach will ultimately result in the most favorable outcome, it provides a reasonable path forward in a bear market situation.
#chatgpt4 choose option 2 in this real life founder challenge #startup
The small poll closes soon and looks to agree. A 🧵…
📉 Bear market adventures. What would you do?
You founded a #tech #startup 5 years ago, managed to keep just 15%, not cash positive, decided to exit to work on something else, but after 6 months now can't sell it.
Considering your reputation, 💰, opportunity costs. What would you chose?
1) Sell at a loss. You & equity walk with cents on $. Pursue new opportunities.
2) Hire new CEO. Join board. Scale back company to cash positive, keep your equity, lose your salary, & try to sell when markets improve. Pursue new opportunities.
3) Mgt buy out. Offer equity cents on $. Equity takes a loss but may recover some from future cashflows, you gain more equity stake. Can't pursue new opportunities as you execute the MBO for future sale.
20%Sell at loss. Walk away.
75%Hire new CEO. Join board.
5%Mgt buy out for cheap.
20 votes • Final resultsgm @CamibusNFT @beeple studios!!!
Wonderfully selfish that a few of my Camibus collection (Et In Arcadia, Of Dreams & Glimmer) were on display last night 😂🫡
What a scene Beeple!!! 🙇♂️ ❤️🔥 Congrats Camibus and all artists lucky enough to be showcased!
📉 Bear market adventures. What would you do?
You founded a #tech #startup 5 years ago, managed to keep just 15%, not cash positive, decided to exit to work on something else, but after 6 months now can't sell it.
Considering your reputation, 💰, opportunity costs. What would you chose?
1) Sell at a loss. You & equity walk with cents on $. Pursue new opportunities.
2) Hire new CEO. Join board. Scale back company to cash positive, keep your equity, lose your salary, & try to sell when markets improve. Pursue new opportunities.
3) Mgt buy out. Offer equity cents on $. Equity takes a loss but may recover some from future cashflows, you gain more equity stake. Can't pursue new opportunities as you execute the MBO for future sale.
20%Sell at loss. Walk away.
75%Hire new CEO. Join board.
5%Mgt buy out for cheap.
20 votes • Final results MetasNomadic retweeted
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gm Sunday
Prime Example
By Alotta Money
Jan 13, 2021
#RetailTherapy #SundayMorning