“Believe in something, even if it means sacrificing everything” Although it sounds outlandish to think it’s a realistic target for Variational to become a $50 billion dollar company, it’s not impossible if the execution of the team aligns with the thesis we’ve always had about the team when we invested. We didn’t know swaps where going to be a thing, but we knew they where innovating on features for both retail as well as institutional traders (through Omni and Pro) The goal for Variational was never to compete by building the exact same product and trying to simply do distribution better, the thesis has always been to build a product that genuinely improves how users are trading on-chain. If you believe these two core things, there is no limit to the upside: 1. Variational can build a product that changes the way we trade and provide the market with features that give both retail traders and institutional traders an edge. 2. the TAM for on-chain trading will scale to hundreds of billions in valuations, allowing for companies to be valued at the likes of IBKR and Robinhood Hyperliquid didn’t launch at $75bn fdv either I am hardly ever really bullish on things, so when I am bullish the only reasonable thing to do is to go in with high conviction, size up and trust the thesis I believe Lucas and Ed are generational founders, with a track record better than any founder I’ve ever worked with or backed, they have build a team around them with people better than I could have ever wished would join them and most of all they’ve consistently made decisions in the long term interest of the protocol Sometimes you just have to be delusionally bullish

No all users are equal, observations of a marketer #3

The first zoku research piece by @polarthedegen

still one of the best most impactful things you can do as a founder, don’t shit on your competitors, focus on what makes you good or different. If you want people to give your product a try, it doesn’t help if their first introduction with you is a hateful message about the product you are currently using. Attacking something You chose to use or even better made you wealthy, is not just an attack on the product, but also on you as a user, because you choose to use it. Just be positive and humble

On a 14 hour flight while everyone is getting liquidated on @papertrade_xyz …

Had to change my pfp back to mysefl, because @Airdrop_Guard made me aware that I look chubby in the Variational pfp

Another one

32%

New milestone unlocked

One life, it’s worth an attempt.

TradFi liquidity is on-chain