Write some dry goods: I often talk about some basic logic of first-level investment and projects in the group. Today, the group asked about products that show rates, and then talked about products like coingalss and KINGFISHER. This leads to a problem: Entrepreneurship of technical products in the currency circle Since 2017, I have done internal testing for at least 50 or more technical projects, and I don't remember more than 30, but there are definitely 50. Most of them are technologists starting their own businesses. It's often a technician: "I think xxx is a pain point, so I come out and do it." ” Most of the products are good. There are also some that I find astonishing. For example, there is a full-chain exchange that does on-chain pending order trading on ARB, called JoJo. I was particularly impressed by this, because I also liked JoJo's bizarre adventure, because I gave a lot of feedback, and the boss forced me to shove hundreds of knives at that time. Their products are fantastic. It shook me up at the time. But I asked them a question they'll always ask: "Dude, what about your marketing? Who is your Director of Operations looking for? You're a platform, heavy marketing work. ” Then I took a fatal question: "Why do you use the ARB chain??? The boss is a technologist and replied, "ARB's technology is silky and can realize our product form." ” I actually really liked the project. But if you take a look at ETH and ARB, you will know the follow-up story. I don't know what this boss is going to do later, it's a pity. What I want to say by this is: 1. If you are a technical expert, yes, the currency circle is one of the most friendly circles for technical personnel, but most technical personnel are really far away from the market, if you have genius ideas, please carefully observe the user demands in advance, and find the VC to determine the angle of the investment decision-making level, and discuss the implementation with me as a practical person at the executive level. Different levels look at things from different angles. A good idea must go through multiple levels of certification. But be careful! An idea of ultimate genius, the kind of idea that can change the market and cause a revolution, must be something that most people but you don't understand. Make projects, make investments, it's fun! 2. Please arrange the operation director in the project as soon as possible. Don't look for the kind of person who was born in a large XX company in a traditional field but has no record in the currency circle. The sooner the operation director joins the project, the more you can get financing, and the more you can help your project grow better. That's right, I've been in charge of talking to the project's operations director for a long time about the project they're working on. Narrative determines the level of the project, technology determines the ceiling of the project, and operation determines the life and death of the project. A good operations director is the lubricant for multiple aspects of the project, helping the project to run at full capacity, while also efficiently mobilizing resources from the VC. For VCs, a good operations director ensures that the project will not die violently, which means that there is a guarantee of exit. This is the experience of investment, but also the experience of doing projects. 3. With the development of the currency circle, many technical projects are actually fighting mature teams. Many high-quality project teams have been running in for a long time, and they have done well, such as the team of Paiwang and the team of AVE, and their bosses are all independent Dinghai Shenpin, who have a unique understanding of the products in the currency circle. While quickly smelling business opportunities, it can also quickly execute and let mature teams land. In fact, we can use the excellent team of AVE here as an example to describe some project details that are easy to overlook, but they are too long, and we will talk about them later. 4. Many newcomers' technology projects, even if they do not deviate from the market, still have an unstable profit model or even an "abstract" dilemma, which leads to a vague exit path for investors. 5. As far as technical projects are concerned, I personally like and am willing to vote: A: The route is particularly sassy, and it is an extremely niche project. Such projects either die early, or become a market explosion, making me have an extremely high profit-loss ratio. B: The boss is a technical faction, but he knows how to operate very well, at least he must know how to find a reliable operation to execute. Note that if the founder is a partner with a technical and operations director, it is not included in this column. C: The founder is a young and promising person with the "extrastructural growth force" I talked about in my previous article. Such people are concentrated in the currency circle in the turtles and in the grass. However, the young people in the grass lack the resources and the wrong path, and the people in the turtles are easy to be greedy for pleasure and useless socialization. Investing is investing in people, and it is by no means an empty word. Technocrats who have the ability to grow outside the structure are almost certain to achieve great results in the future. I always respect people who do technology, sometimes do projects, I would rather make less money in the end than do technology. I'm in operations and market capitalization, and I'm destined to have a hard time changing the world. The point that changes the world is ultimately the flash of inspiration of technological geniuses. At last. I searched for half an hour and finally turned to this video. Let's turn the clock back to 1960. Please enjoy, in the most beautiful and youngest years in the world, completely driven by technology, whether it is in the field of games, education, computers, can not bypass the legendary system: Plato! I think that the name Platonic system was given, perhaps it also expresses the author's yearning for the concept of Plato's school in ancient Greece. The apprentices roamed freely in the completely open grounds of Plato's Academy, where they studied, communicated, and debated, while the philosopher Plato often smiled at the inquisitive young people, encouraging them to explore, and giving them evaluation and guidance. The Platonic system has indeed achieved this purpose in a sense, and the Internet product forms, video game gameplay and geek culture derived from the free ecology in it have become the driving force behind the rise of software companies in Silicon Valley after the 80s and finally changing the world. ” I wish all the technicians in the currency circle to walk on the right path, become the next V God, and create the next Plato.