Hi nerds -
I salute you from Berlin, a city that strangely feels like a home away from home.
This week, I spoke at DappCon, a conference for developers building crypto infrastructure.
In a classic Berlin style, they had deep house playing in the yard, vegan food, green juices, and a wellness conference running on parallel at the top floor.
Needless to say, one of my favorite crypto conferences so far.
💪🏽 Impact-effort matrix: The impact-effort matrix is a prioritization mental model to figure out which task to do first.
In its essence, it measures how much effort I’d need to do to reach x amount of impact.
High impact, low effort is, of course, the north star, but most tasks with high impact tend to be high effort.
A way to fix this is breaking down tasks as much as we can. That way, we often realize that some seemingly-bigger tasks are actually not as intimidating as they seem.
Shocked by this stat, some friends and I have started doing investments on early stage projects through Angel Syndicates.
Angel syndicates are usually composed of a Syndicate Lead Investor, who likely sourced the deal and is handling the investment’s admin, and several Backers who support with funds.
Au contraire to traditional funds, who expect partners to pool in large amounts of capital to support the fund for several years, Angel Syndicates work on a deal by deal basis, allowing backers flexibility to add as much money as they want/can for each deal.
👩🏻💻 Software development practices: Key differences in Web3 software development compared to Web2:
- Who serves who: In web2, back-end services are architected based on the front-end requirements locked in by the UX/UI designer and the entrepreneur. In contrast, web3 user interfaces are built to service the protocol's functionality.
- Iteration: Because of the immutable nature of blockchains, the open-source inevitability of the codebase, and the risks associated with locking funds in contracts, web3 products can’t simply start scrappy and iterate as people often do when building web2 products.
- Composability: Because every line of code is always open-source for devs to inspect, innovation happens faster. Security risks are also bigger because hackers can see all vulnerabilities openly, and business models are harder because there’s less incentive for value capture.
“If you think it’s expensive to hire a professional, wait until you hire an amateur.”
~ Red Adair
"Tell me your incentives and I tell you the output"
~ Charles Menger
Looking at blockchain from an impact lens, this podcast is a special one (in Spanish).
Thanks for reading.
As always, feel free to connect by hitting reply and sharing a juicy thought 💡.
We all help the curious community grow.