Bullish on the vision and team @Tribeca_xyz!
Tribeca is the global exchange for tokenized stocks and derivatives on @Base.
Join the waitlist: tribeca.xyz
VibeyQuant retweeted
GM all! Week 2 Update from @Base Batches:
1. Learning from founders and investors
• @raymdong’s story of building Avantis and got to ask about the challenges along the way. AMA session + hearing how founders navigated early decisions and setbacks really gives a new perspective and helps us learn from their mistakes and build on their experience.
• The best way to learn the venture game is directly from an investor. Our AMA with @BronheimDaniel was immensely helpful and covered how investors assess opportunities, what they look for and how to make a stronger case for what we’re building.
2. Connecting with other builders
We also spoke with the founders behind:
• @RennFinance : credit infrastructure for crypto and tokenized stocks.
• @bitrepo_xyz : building Bitcoin-backed funding for lenders and fintechs.
• @GreekDotFi : onchain options for earning yield and hedging.
• @LEDiG_Tech: FX hedging, stablecoin conversions and cross-border payments.
Exploring where we can collaborate. Some extraordinary founders in this cohort, so definitely check them out!
3. Founder takeaway
"A big part of startups is about discovering valuable unknown truths. Innovation becomes much more efficient once you start building on insights your competitors don't have."
For us, that’s liquidity for tokenized stocks. Hearing @jessepollak lay out the target of 250 tokenized stocks on @base by EOM is super exciting and validated our thesis.
However, for @base to compete with the likes of @NYSE and @Nasdaq, it needs 24/7 markets that can handle institutional order flow, sustain deep liquidity and deliver competitive execution at scale.
That is @Tribeca_xyz: The onchain NYSE with high-performance CLOB infrastructure to power @Base as the world’s next financial center.
Got some exciting news to announce on 10/13 9AM PT on @Tribeca_xyz so stay tuned! :)
BREAKING: Situational Awareness sold "the bulk" of its stock portfolio to Citadel after "big losses in AI," per WSJ.
The hedge fund, which reportedly had a net asset value of $45 billion on July 1st, is now in "crisis mode," WSJ reports.
real
The best definition of Product-Market Fit for startups I ever heard came from @eshear when i worked for him at Twitch.
Most founders think they have PMF, but they don’t. Not yet at least.
Think of your startup like pushing a boulder on a steep mountain:
Stage 1: The Sisyphus Phase
You’re at the bottom, pushing uphill. It takes Herculean effort just to move an inch. The second you stop pushing (marketing, pushing new features), the boulder rolls back to zero. No momentum.
Stage 2: The Plateau
You’ve pushed it onto a flat ledge. If you stop pushing, it doesn’t roll back completely, but it doesn’t move forward either much. This is where most founders get stuck. In general, you get stuck here here without great retention and marketing you can repeat. They think this is PMF. It isn't.
Stage 3: The Tipping Point
Suddenly, the boulder starts moving without you. You see signups from a random user post that went viral. You can’t pinpoint where 200 new users came from. You get emails out of no where of serious customers that wants to buy your service. The market is finally pulling the product out of you.
Stage 4: The Avalanche
The charts go vertical. You have made it to the other side. Retention is so high that growth just happens. Stability breaks because you’re scaling faster than you can code and build systems in your company. You have unlimited capital and crisis to manage. You need to hire and fast. Every few weeks, something happens where you thought the company was done.
The Reality Check:
Only a tiny % of founders ever feel Stage 4. Even then, a hundred things can still kill you and some might say it's even harder to scale than to start, but at least you aren't pushing the boulder uphill anymore, it has real forward motion now. Not being alone helps A LOT with phase 1 and 2.
I personally only hit true PMF twice: @CurseForge and Gamepedia.
With CurseVoice, we fell into the Stage 2 trap. We reached 5M MAU, but the retention just wasn't there. We couldn't outgrow Discord because we were still "pushing the boulder" while they were riding the avalanche.
Delusion is just conviction before traction
Never quit as a founder. I’m begging you.
It’s 0 for longer than you’ll ever expect. No momentum. Soul-crushing doubts. Nobody seems to care. Even when it looks like it’s working, it’s not. You keep trying new things. You don’t lose hope.
Then it snaps to 100. You finally find the one thing that resonates. You wake up with more customers than you can handle. Everything is breaking. Momentum keeps building even when you’re not pushing. Something changed.
You didn’t get lucky, you just didn’t leave.
Your edge isn’t always some complex model.
Sometimes it’s just being able to execute before others, and that's what @JetFlow_Markets does
The new edge is looking for an edge in the platform itself.
Does this platform have a better edge compared to other platforms?
Is the platform better compared to others?
Here, the edge for me is @JetFlow_Markets.
Sounds confusing?
Try @JetFlow_Markets once.
You’ll understand.
Just spent my first week working out of @monad office in NYC.
Honestly, it was exactly what I needed.
Building as a solo founder is a weird experience.
On some days you feel unstoppable. On others you spend 12 hours just staring at the same screen slowly convincing yourself you might be completely delusional.
When you’re mostly heads down, it’s easy to get stuck in your own head, no one to bounce ideas off of, no one to call out the obvious thing you missed, and no one to remind you that building is supposed to feel a little messy.
Being around other builders this week helped a lot.
Talking through JetFlow, getting real feedback, hearing what other people are working on, and just being in a room with people who are also trying to make something from nothing was genuinely energizing. It reminded me that you really can’t build completely in a vacuum. you need to show people what you’re working on. online, in person, wherever. Even when it feels early. Especially when it feels early.
We’re just getting started @JetFlow_Markets .
went to the casino for “research” and watched this guy win on roulette, double his size every spin, then give it all back to the wheel.
genuinely inspiring. brought a tear to my eye.
in honor of this fallen soldier:
Double or Nothing is live
send this to someone who runs it back every time
something that’s been bothering me about prediction markets:
everything is still stuck at yes/no, up/down
but when you actually trade, you’re thinking in probabilities, ranges, or just “i’m kinda bullish here but only at this price”
This feels like the natural next step for prediction markets and reflects how people actually think.
.@jetflow_markets is the fastest way to express a short-term market view.
1 minute to 1 hour. No shared expiries. No order book brain damage. Just pick the move and trade.
the endgame for Jetflow is mobile.
imagine placing a short-conviction trade while waiting in line for starbucks, pretending to listen on a hinge date, or right before your uber driver misses your turn for the third time.
Anytime and anywhere on @JetFlow_Markets
oh great
News just came out and now i’m suddenly bullish on BTC, Google, Gold, and USD/JPY
Jetflow degen mode got your back
be like jeff and use @JetFlow_Markets
Let me tell you a story about someone. His name was Jeff.
> Jeff was an active PM trader.
> Jeff never had a single profitable PnL streak.
> It had been 4 years since Jeff started trading.
> Jeff didn’t know one of the main reasons for his losses was slow execution and order book inefficiencies.
> It took Jeff 5 minutes just to find and switch to the 5-minute timeframe.
> Jeff didn’t realize the poor UI/UX of the platforms he used was costing him trades.
> Jeff never discovered @JetFlow_Markets.
> Jeff never knew there was actually a platform that solved all his problems.
> Jeff was still in the red.
> Jeff's wife left him for someone who used JetFlow_Markets.
> Jeff is now homeless
Don't be the next Jeff.
(DM me for access code)