MetaDAO Roadshow A new series of private conversations with top founders launching on MetaDAO First up: @nftimm We'll dig into The Syndicate team, the business, and their live raise on Backable Tomorrow (Thurs 10/8) · 11am PT / 2pm ET Invite-only. Luma link below:

the @SyndicateGameHQ ICO is now live on @backabledotbiz > first ever Backable raise > first ever metadao permisionless launch where VCs are participating > second metadao launch coming out of the colosseum accelerator (credible was the other one) > ~$300k revenue run rate > best-in-class retention metrics > best-in-class team, ex backpack and Vector/Tensor (acquired by coinbase) > launching at $679K–$2.72M valuation > more than $250k already committed in the first 5 minutes > @colosseum doubling down despite already owning a stake in the company > nobody owns gaming, which means it's very contrarian which means potentially a generational spot free

t-75min until the @SyndicateGameHQ ICO retention figures are v good even judging by the very best they've been live for 19 weeks, and have generated close to $300k in revenue with 800+ players signing in to play every day raised funds will be used to expand the game and market it to a broader, mainstream audience beyond the initial cohort of crypto-native players roadmap includes a native mobile app for iOS and android as well as a seeker app for the solana dapp store and facebook free-to-play watch this video and click on the raise page to learn more

my job is to find great founders and take their startups public on the internet, so one way I like to think about whether I’m doing a good job is by looking at whether I’m making you all money if I find good founders building interesting products and IPO them at great prices, you all should make a ton of money over time just know that I’m not involved in every metadao launch, but when I am, it’s because I’d invest in it myself. @SyndicateGameHQ is one of those

1/ We're excited to continue backing @nftimm and team as they launch their Backable ICO (by @MetaDAOProject). The Syndicate was a Colosseum hackathon winner and part of our most recent accelerator batch. The game has generated about $300k in revenue in the first few months.

one of the first things I noticed when I joined metadao was the negative perception around permissionless raises so we decided to change things up and launch @backabledotbiz Backable is for early, experimental, frontier ideas. it’s not a fallback for teams that don’t make it to metadao. high-quality teams are already choosing Backable (including teams that could’ve raised VC or already have). you’ll see soon and btw you don’t need anyone’s approval. you can just launch on Backable and see what the market thinks

a few priorities > I want to make metadao more thematically-aligned with what the people want to bid > metadao permissionless has a lot of untapped potential and it should become a core revenue driver more on those two things soon

skate to where the puck is going it’s pretty clear by now Robinhood chain is the new shiny thing. but you’re no longer early buying the next launchpad or the next memestock. attention is already there. doesn’t mean they can’t go up. but the r/r is better elsewhere so where’s the puck going next? there are a few good utility/tech coins trading at low market caps. attention is clearly not there right now. that spot seems like a better r/r to me. good founders building good products in the new shiny chain that you can buy at low market caps because attention is elsewhere right now. probability that flows move to utility coins in rh chain is higher than the market thinks. I’d argue this rotation is already starting. see last 7d performance of utility coins vs non-utility coins

ok so I’m officially joining @MetaDAOProject to take over crypto fundraising crypto needs more ambitious teams, earlier token launches and fairer launch prices. that’s my job now it's time to be on the field again. let's win

rip cars > launched today > sold out of all of its packs in the first 2 hours > ~$10M revenue run rate if you annualize today's volume (I know) > built by one of the best founders in the metadao ecosystem > trading at $1M market cap

Introducing Rip Cars 🏎️ The world’s first Hot Wheels gacha, now live on @Solana → Rip a pack and pull a real die-cast → Three pack options, 1,500+ vaulted cars → Keep it, sell it back, or ship it (soon) Start ripping:

memestocks are just synthetic derivatives issued by retail instead of institutions. the connection between the meme and the stock shares is less real than most people think but I don’t think that matters the total daily notional volume for retail trading 0DTE options is roughly 150 billion per day. the actual cash retail traders spend out of pocket (the premium paid) on 0DTE options is roughly $1.5 billion to $2.5 billion per day. that’s ’per day’ so the bull case for memestocks is that some of this retail flow moves to memestocks because memestocks move just like options but the flows are controlled by culture/retail and not by citadel + they’re more relatable than Greek letters perhaps it’s time to dream again

I’ve been talking with a lot of founders about tokens and my takeaway is that we learned the wrong lessons over the past decade and need to re-learn a lot: > minting new tokens is not a bad thing when done right. having a startup with a fixed token supply is retarded > if you’re a startup that’s growing, doing buybacks is retarded. reinvesting the money you make is better > launching a token early solves a surprisingly large number of problems. a lot of the bad rep associated with tokens is downstream of launching a token too late > not every business will benefit from having a token but the few that do shouldn’t use it as a ‘growth tactic’ but as a ‘find PMF faster’ tactic > giving tokens away for free (airdrops) is giving people ownership without skin in the game. this creates the wrong incentive and is retarded