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- Adventure #25 - Upside Coop
GOooooood Morning ladies & gentlemen. And Happy New Lunar Year!!!
Before we get busy, wen Twitter spaces??? Follow 4 updates
Thinking of doing some spaces where 1 or 2 founders come up and talk about their ventures
NO nft projects, no shilling. Cool businesses and products only + insights on how they've grown so far.
Does it sound interesting enough to listen to??
— Mitko🏴 wensub.xyz (@mitkopitko7)
11:57 AM • Jan 20, 2023
Today we're talking: Community x Ownership
The plan:
Use this framework to look into a business:(1) The company (/product)(2) The founding team(3) Funding and Hiring(4) Why the business excites me
Current events + business talk(5) Meme + NFT Market(6) Hustler's ambition
Disclaimer: None of this is sponsored, I choose what to write about. This is not financial advice either!
Today is dedicated to Upside Cooperative
The company (/product)
Upside Cooperative is a platform that allows businesses to give out actual equity to their contributors. And it's all done in a legally compliant way.
Upside.coop is a turn-key community building platform for the era of community ownership. It’s easy, it’s compliant, and it’s equity.
Why equity?? Don't we have NFTs and fungible tokes?
Yeah but with those, you don't hold anything that is backed.
What did holders of RTFKT get when Nike acquired them??
With equity, you actually do hold sth. Liquidity event = $$$ for you as well
The meaning behind their logo:
The platform is scheduled to be out on in about 3 weeks. Until then, here's what we know it'd look like:
1/ You create your loyalty and retention programme
2/ You engage with the community through the platform
3/ You drive success together with your community and reward impact
I'm sure there will be Lots more that you'd be able to do on the platform.
Currently, the team is getting ready to onboard the first cohort of communities. The platform will be live in about 2-3 weeks and it'll be free for individual users.
Here's a short excerpt of their whitepaper here. The actual whitepaper was co-authored by KPMG btw.
Turbulence in the crypto and blockchain markets over the past year has shed light on this question. Learn more in the "Cooperatives: An Ownership Model for Digital Networks" white paper: #Cooperatives
ow.ly/rU9z50MuiK6— KPMG US (@KPMG_US)
10:20 PM • Jan 20, 2023
The founding team
Tyler Morrey - Co-founder (his LinkedIn)Tyler's web2 background is in finance, valuations, securities etc
➙ Worked at Scalar as a Senior Associate (4 & 1/2 yrs)➙ Has a Certified Valuations Certificate➙ Cofounded Upside Coop in August 2021
Samson Burton - Co-founder (LinkedIn)➙ Worked at a private investment firm➙ Founded and sold Gustermail to Airtable➙ Was CEO of Scalar (where Tyler also worked) for over 2 years
Funding and Hiring
A) FundingThe team recently announced a $4.6 mill funding round led by Kickstart Seed Fund. Twas announced recently happened last April (Tyler told me).
In fact, they are looking to fundraise again in the not-so-distant future.
B) HiringCurrently not but they will be in the near future
Why this business excites me
I'm fascinated by the idea of letting the community participate in the upside.
Those of you that have known me for a while will remember that I even considered putting equity of the newsletter to the side for the community.
I'll be following this very closely. For me Upside Coop has the potential to fuel a lot of disruptive innovation. I'm all for it💯
Was on Canva yesterday and made this. Upside Coop is the answer
Favourite meme of the week
Does this count?? :|
If not, here's a banger video with a remix of the old Holly Dolly song
#Bitcoin right now 😍👇
— Keyur Rohit (@CryptoKingKeyur)
5:07 AM • Jan 21, 2023
Quick market thoughts
Things are definitely moving, been seeing gwei at 30 for quite a while. Below are some things that caught my attention
1/ The Dookey Dash game has had a great reception so far, lots of people playing.
You walk into your office to see your kids taking turns playing #DookeyDash, wyd? 😂 😂
@BoredApeYC@EverydayZukini@GordonGoner@CryptoGarga
— GΞNΞ.eth 🍌🍊🧪🐶🛥💧🍷 (@17ikoola)
4:24 PM • Jan 20, 2023
3/ Polygon hardfork completed
The Polygon PoS network has been upgraded 👏👏👏
To learn more about the upgrade, check out 👇
polygon.technology/blog/hardfork-…
— Polygon (Labs) (@0xPolygonLabs)
3:27 PM • Jan 17, 2023
4/ Rug Radio launches its rewards program
Listen-to-earn opens up on GM Web3 tomorrow with @farokh@osf_rekt and @rektmando.
Opt-in to the Rewards Program in advance so you don't miss the claim window!
Go here to opt-in 👉
— Rug Radio 🎙 (@RugRadio)
8:15 PM • Jan 17, 2023
5/ Another conviction play on DeGods.
^ This move comes shortly after Pokeee spent $900k on 69 DeGods
W 69 degods sweep 👀 @frankdegods@DeGodsNFT@DeGodsAsia@kevindegods@MagicEden@ChartFuMonkey
— Pokeee.eth (@pokeepandaa)
12:49 PM • Jan 16, 2023
Wild huh. Overall lots of hype in the market. Meanwhile, Google is dropping employees like crazy :/
6/ HashKey Capital raises half a bil
My on-chain activity
Minted this for $9, sold it for $275. Checks by Jack Butcher
Not bad huh? Well, floor is went to $405. But hey, let's not be greedy. Profit is profit
I'm still feeling bearish, watching from the sidelines. Definitely money to be made in this market though
Hustler's Ambition
A section dedicated to business frameworks/ideas/tools
Two resources - both aimed to help you improve your business
1/ A short thread on how to delegate
I've trained 100's of managers.
The 60% who fail make one mistake:
They don't delegate
Here are 11 tactics to win more by doing less 🧵
— Dave Kline (@dklineii)
11:45 AM • Mar 9, 2022
And if your team members need some training? I got you👇
2/ Hundreds of free courses (Harvard, Stanford, Duke University)
Aaaand that's it for today
Any feedback and ideas are welcome. My email is: [email protected]
Slowly working my way back into Twitter. Let's connect there
removed 200 inactive accounts from my following
more cleaning tomorrow. my return to twitter is happening soon🫡
expect insights into web3 startups, growth, fundraising and more
— Mitko🏴 wensub.xyz (@mitkopitko7)
1:38 AM • Jan 22, 2023
See you next Sunday👋- Mitko
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