Philip Saidely
@PhilipSaidely
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Founding Partner @PopStarVentures (investing pre-seed/seed in Web3, Creator Economy, Entertainment). Venture Partner @MagniviaVentures. Lead with empathy
United States
Joined September 2020
Founders Fund is proving that VC is a part-time job ๐คฃ Other firms in disbelief. @zebulgar @rabois @samdblond @typesfast
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โ๏ธ The late stage VC market is flashing BIG warning signs: Founders might not pay as much attention to the size of VC funds, however in the last day alone it was shared that Insight has raised $2B of its $20B target & TCV has raised $1.4B of $4B goal.
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Anyone else building while having a fulltime job or business? I am finding it challenging to allocate out a meaningful amount of time daily to build. 1-2 hours just doesn't cut it, I need more to get in the zone and the momentum going.
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If you aren't learning AI, you're falling behind. Luckily, Harvard (4.5% acceptance rate) & Stanford ($78,898 yearly tuition) offer free courses. No application or fee required. Here are 10 FREE courses you don't want to miss:
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1/ A number of people asking me what I think about crypto in the context of the current banking crisis, regulatory fights, Balaji's bet, and so on - so here goes...
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1/ The US has lost its global lead in crypto & blockchain developers. This is a policy disaster for the US. Almost every other region understands the potential of these technologies and how to regulate reasonably. We see this daily. Amazing founders are leaving the US ๐
The U.S. has lost its lead in blockchain developers & has gone from 40% to 29% market share of open source devs. We analyzed 200+ million code commits & 11k+ developer profiles to capture geography data. Full analysis here: https://t.co/QPY32he5lL Let's break it down ๐๐ฝ
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ETH Denver Takeaways 1. zk everywhere One of the promising fronts indeed. It takes a while for more general-purpose zk stuff to be practical (such as #zkWASM). For now we can't clearly see the boundaries that parallel processing and hardware optimization can push towards.
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VC's Lead or Follow-On. Lead investors are the first money in. They set the: โ $$$ Size โ Valuation โ Legal "Term Sheet" Follow-on investors only come in after a term sheet. When looking to raise, first focus ONLY on lead investors first.
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1/ Buckle up, weโve entered the toughest phase of the bear market. Welcome to Stage 3 ๐งต
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Can we please have less or ideally no advisors in pre-seed decks?
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"What does the rest of the world not get about India?" I asked @kunalb11 this question last week. Kunal founded @CRED_club - a leading Indian fintech valued at $6.4B. This list is a must read if you're interested in Indian startups. Here were my favorite insights he shared:
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4. Regulation: The regulatory environment for Web3 gaming is still evolving, with different countries having varying laws and regulations. Clear and consistent regulations are needed to provide a stable operating environment for developers and users.
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3. Interoperability: Web3 gaming currently operates on multiple different blockchain platforms, which can make it difficult for developers to create games that work across multiple platforms and for users to access different games. Interoperability solutions need to be developed.
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Having AAA blockchain games games would help to attract a wider audience and increase the adoption of blockchain technology in gaming. It would also help to dispel the notion that all blockchain games are low-quality and attract only niche audiences.
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2. User experience: We need AAA games, to attract a wider audience. These games would need to be of a similar quality as the traditional AAA games, with engaging gameplay, high-end graphics, and a large budget for development and marketing.
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1. Scalability: The current infrastructure of blockchain technology is not yet able to handle the large number of transactions needed for a mass-market gaming experience. Solutions like layer 2 scaling and sharding need to be developed and implemented for it to become mainstream.
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Although #Web3Games has made substantial progress, there are several factors that need to happen for the widespread adoption of Web3 gaming.
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