@White_Wolf 2 days ago: This is going to be my last post on the subject matter.
Reads "alleged" problems`
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Considering the extent of information leak, operations & strategy problems that are allegedly presented here, IMO, this simply requires a deeper, “internal conversation” about the company culture on a more philosophical, strategic, operations level - because it has presented itself at the worst possible time, but a festering wound shouldn’t become an eyesore. Should have been done months ago - But it’s split milk under the bridge.
Outcome & Suggestion: A proposal to restructure the lost bridge assets is likely to come with their own share of baggage, but there will be a time to re-assess on the post-bridge outlook. Get a “third party arbitrator” as the team’s advisor & performance coach (an org consultant/ an HR/ respected academic from the team’s alma mater) with little to NO conflict of interest.
Conflict of interest
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Different stakeholders have varying degrees of conflict of interest here. The team does have multiple co-founders & members in the senior leadership. That doesn’t provide neither the community members, a partner or even the core team with a mandate to “force out” particular outcome through forums - Just refer suggestions.
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As an individual from a partner team who received a grant merely days ago, I find equally distasteful on your part to mention “privileged information” as much as I find it problematic on @Bricktop_One or @OgreAbroad’s part, who have served as validators/contributors in the space. Insinuations & speculation, while hearsay are based on public information territory can be considered game; but this is bringing privileged info in the open, dousing fire with kerosene. This isn’t transparency, it’s flagellation. Please believe me that I speak of this with no malintent towards any of you, or the team.
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I wouldn’t be asking you to publish evidence for those claims, but feel free to do so in a private capacity in full confidence. A cry for help, just at the expense of a breach of confidence - IS terrible IMO, no matter who speaks.
Vision, back-channel & open feedback
- NFT’s - @Pioneer The updated notion page simply illustrates an ecosystem analysis & the war mode plan prior to the hack, illustrates some expected performance goals. Previous operational precedent & the subsequent hack forces a radical re-thinking of operational goals & pipelines for each function.
General Knowledge Time
: NFT’s & GameFi are dual edged swords : high volume, low-margin, B2C business based on seasonal/fixed traction. Not all NFT’s succeed, the rare ones they do succeed are heavily-community dependent, heavily hinging on sentiment. They do work together. However, it’s not a zero-sum game, while there are technical risks such as securing wallets & Discord servers, there is low risk of floor price going to ZERO, because it needs a Greater Fool, or exists for aesthetic reasons. Whether you can call it a bug or feature, is upto you. There are arguments on both sides of this aisle that we can draw whole day.
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It also requires having sharp set of eyes in the market, artistic flair, effort & some luck on potential picks, that can transcend flavor of the week phenomenon with limited shelf-life.
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All teams need to grow, lean or otherwise - And it requires money, spending & keeping check on the purse. Here’s legendary Aswath Damodaran’s talk at Google that speaks about valuation & team structures, the storytellers & process leaders - (https://www.youtube.com/watch?v=Z5chrxMuBoo). They are myopic at times, in their own ways. I was thinking about introducing another “adjusted EBITDA” joke here to explain this confusing plot, but I sincerely hope that line did the job.
To me, I’d be really interesting to see how the team as unit collectively & privately, rates itself for each block in the smartdraw chart below :
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While I personally enjoy the average speculation & public critique, I am predominantly a big believer of private feedback & open exchange of ideas. piggybacking R Plepler’s thesis of “Our personal success or concessions speak about our collective success at EOD.”
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Speaking of the community feedback, this meme below perfectly illustrates the relationship. They are your enemies, customers & friend. Think big, but grow & deliver bigger. Effective, not radical transparency.
Speaking of private feedback:
*Free - Limited Time Only
Allegations
- In the interest of keeping it light while addressing…checks notes… violence, non-payment of dues, unreasonable mandates, gasoline & California, here is some practical, sophisticated feedback :
Exhibit A :
Exhibit B
Exhibit C:
Exhibit D:
- Seriously, it’s California, please reassess your priorities.
Yes - I do slide decks & corporate presentations too. Kindly request the moderators to close this thread - Unless there is an organizational charter mandate, which necessitates evoking community vote. I don’t think it has to come to this IF all participants (CEO, core team & community) would be able to exercise better judgement & reconcile.
Stephen - Please personally reach out to people in the digital domain. full discretion, of course. Difficult conversations - that’s part of the job too.
Several who worked with the team probably have known this