Crypto: I made an abstracted wallet with no defensible moat, all users are farmers in Nigeria, there are 100s with deep vertical integration and stickiness. No real revenue. But man, hype, hype, lets raise at $1B FDV.
Web2: I built a robotics company that can auto water and farm strawberries from fields without any human intervention, we are about to hit $10M in ARR lets raise at $150M FDV.
See the difference...
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Crypto: I made an abstracted wallet with no defensible moat, all users are farmers in Nigeria, there are 100s with deep vertical integration and stickiness. No real revenue. But man, hype, hype, lets raise at $1B FDV.
Web2: I built a robotics company that can auto water and farm strawberries from fields without any human intervention, we are about to hit $10M in ARR lets raise at $150M FDV.
See the difference...