Really appreciate all of the love on this. Some thoughts on why I believe now is the time to take this leap: Research in crypto has always been a bit of a meme. You could've outperformed all other asset classes in a serious way this past year and a half without ever paying for a crypto research subscription or even reading about the space at all. Any of that brain power could've been spent scanning new token launches in "the trenches" or just bidding Hyperliquid on Thanksgiving Day and logging off for nine months. Just simple stuff that pretty much anyone could have done, without any of the work that you'd put into reading or due diligence. Why do I care to start something new when it's proven to be less than worthwhile, on top of the fact that there are already excellent incumbents like Messari, Delphi, and Blockworks doing great work? The boring answer is that corporations (Stripe and Robinhood to name the two most notable recently) and other large sources of capital are entering the space in very meaningful ways, and I'll say respectfully that the research ecosystem hasn't adapted to these changes just yet. Better put, I haven't seen a research product that's doing something I'm incapable of doing myself. It's time to show that research doesn't have to be boring to the reader, incapable of generating alpha for any type of portfolio, and unoriginal/undifferentiated from what an LLM could spit out in twenty seconds. Good writing should make you excited about the asset class, or the company being analyzed, or the sector under discussion. It shouldn't be something you skim, throw into ChatGPT for a summary, or leave on your bookmark bar for a week. The more truthful answer? I've written countless free reports and spent hundreds - if not thousands - of hours reading others' work over these past four years. I hate to put myself on a pedestal, but if there's anyone who has a chance at making this go well, I'd like to believe I'm the one to take that risk and try my luck. Writing about crypto is what got me to where I am today, and I might be a bit stubborn for thinking it still matters, but it's the truth: it matters a lot to me, and I want to share that with the world. I believe that a quality report written by someone who actually cares about the subject matter goes a long way. Not once have I posted a report without caring deeply about the hours that went into it or the topics discussed, and this has made me appreciate what I do and why I want to take it to the next step. But the most stubborn answer to the question I proposed is simple. I just think I'd be pretty good at running a business, and this makes the most sense right now as I haven't been able to get it out of my head. I'll share more details in the near future as this is a pretty significant undertaking and there's a lot of work ahead of me, but I'm looking forward to bringing it to life.
knower
knower18.7. klo 03.24
I’m starting my own crypto native research firm over the next 2-3 months. Thought about this for a while and it’s something I can’t avoid doing any longer, it just makes too much sense. There’s a lot more work that needs done on this, so if I’m quieter than usual, that’s why :)
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