First they ignore you, then they laugh at you, then they fight at you, then they add you to their Long-Term Capital Markets Assumptions paper and predict you'll be the best-performing asset of the next decade.

Ben Horowitz on treating your story as your strategy, and why founders often skip writing it even though it's one of the most important parts of the job: "The story of the company is also the strategy of the company... In your mind, you're kind of adjusting that strategy a little bit at a time every day. But then a quarter later, it's actually pretty different than what you started with." "So it's really important that you keep upgrading your story. The articulation of your story. I would definitely recommend it be in written form." "Something that you can share with everybody in the company, and everybody you're recruiting, everybody you're trying to raise money from, all your constituents, every customer." "The problem that I think founders have is it doesn't feel like work. Like, 'What are you doing today?' 'I'm working on my story.' That doesn't sound like work." "Because it doesn't feel like work, people don't do it, but it's probably one of the most important parts of the job." @bhorowitz w/ @speedrun GP @Tocelot

Hello San Francisco 👋 We are partnering up with friends at @RIFTHQ to bring together a Zcash meetup. Come, Learn about Zcash from the best, enjoy some nice food and convos and make cool friends. To keep this event high signal we are restricting it to 30-40 people only. Can’t wait to see you all, registration link in the comment 👇

Arbitrum launched a growth program for USDG. The first 10 teams holding $10M of USDG each earn 200K ARB. The bar is a 30-day average, and Arbitrum has yet to name accepted teams. So I ranked the apps holding USDG on Arbitrum by distance to $10M, using each project's own latest numbers (Oct 18). Who looks close depends on whose counter you read. How to read the bars: each █ is $1M of USDG, and 10 full blocks reach the $10M bar. Over the line @gauntlet_xyz USDG Premium: $27.9M deposited, per Morpho ██████████ @GMX_IO: $12.6M USDG per Arbitrum's dashboard, $11.4M of it in the Dollar Vault per GMX ██████████ @SteakhouseFi USDG Pro: $10.2M deposited, per Morpho ██████████ Those vault figures count deposits. Arbitrum's USDG dashboard counts the dollars that stay put, and there Morpho holds $4.2M. The gap is a loan book $33.8M of the vault money is lent out, per Morpho. The borrowers are holders of @maplefinance syrupUSDG, with $38.0M posted as collateral. Still climbing Outside lending, the pools sit further back, per Arbitrum's dashboard: @0xfluid USDG/USDC pool: $2.4M ██░░░░░░░░ @Uniswap pools: $1.3M █░░░░░░░░░ @mayan and @RIFTHQ route money into USDG, so balances pass straight through ARB rewards on both Morpho vaults end Oct 20, per the DRIP app. The first 30-day average will separate borrowed demand from reward farming. The 2M ARB goes to the teams whose dollars stay after the rewards stop.