Investor Connect Podcast

On this episode of Investor Connect, Hall welcomes Jonathan Loewenhar, Founder and Managing Partner of Enjoy The Work. Located in Austin, Texas, Enjoy The Work is a consulting firm dedicated to helping founders develop the essential skills needed to transition effectively into successful CEOs. With a focus on startups that are navigating the complex landscape of growth and management, the firm provides expert guidance that empowers business leaders to optimize operations and foster high-performing teams. Through engaging workshops and personalized coaching, Enjoy The Work aims to bridge the gap between mere entrepreneurial spirit and effective company leadership.

Jonathan Loewenhar has had an impressive career, operating in various sectors and accumulating rich experiences in growing and managing businesses. Starting as an operator who successfully led a division generating a billion dollars, Jonathan has shifted his focus to empowering other entrepreneurs. He has worked with numerous startups, honing his expertise in what differentiates successful founders from those who struggle. Jonathan's passion for creating value and helping founders succeed led him to establish Enjoy The Work, where he emphasizes the need for skills development equating to a founder's entrepreneurial journey.

In this episode, Jonathan discusses the unique challenges founders face as they transition into leadership roles, particularly the important shift from a founder's mindset to that of a CEO. He articulates the need for effective communication and management skills, which are often overlooked during the initial phases of a startup. Additionally, Jonathan shares insights into how his firm collaborates with startups, emphasizing a tailored approach that adapts to the specific context and dynamics of each company. His perspective aligns well with the evolving trends in entrepreneurship, particularly in the wake of recent economic changes.

Visit Enjoy The Work at www.enjoythework.com, LinkedIn, and on Twitter. Reach out to Jonathan Loewenhar at www.linkedin.com/in/jonathanloewenhar and on Twitter.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
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Direct download: riverside_hall_martin___nov_14_2024_001_jonathan_lowenhar_o.mp3
Category:general -- posted at: 5:00am CST

Designing Tokenomics

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

In designing the tokenomics for your business there are four key areas to consider:

Role of the token -- what role will the token play and what value will it bring.

The token could be a store of value, provide access, or facilitate governance.

Supply of the token -- how many tokens will be minted, used, and burned.

The supply could be fixed or variable. 

It could increase or decrease based on a community vote.

Utility of the token -- how does the holder of the token use it.

What access does the token bring?  

What value could it have?

What voting rights can the user hold?

Incentive of the token -- what drives a user to obtain a token and use it?

Does it represent ownership in which case the token acts as a security?

Does it represent compensation in which case the user could exchange it for dollars and spend it.

A good token design can keep up with the demand of the network.

It can be repaired by votes from the community if there’s a fault in the design.

Consider these issues in your tokenomics design.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
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Direct download: 05.Designing_tokenomics.mp3
Category:general -- posted at: 5:00am CST

How To Apply a Token

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Tokens bring a new level of incentives to your business.

Consider these steps in tokenizing your business model.

Define the characteristics of your token as follows:

Determine the role of the token such as giving voting rights, acting as a store of value, or representing ownership.

Determine the rules around fungibility, transferability, supply, and flow.

Apply tokenization to your business model by asking these questions:

What part of the business would benefit from decentralization?

What part would work better with fractionalization?

What part would improve with incentives?

Focus on applying tokenization to your value proposition.

Determine how many tokens to mint and what the token holder must do to earn it.

Estimate the cost of running and managing a token process.

Figure out how the token will be distributed, exchanged, and used.

Choose a platform on which to run the token economy or discuss building your own.

Create a sales and marketing plan to promote the token and engage users.

Tokens bring a new layer to building a business. 

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
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Direct download: 04.how_to_apply_a_token.mp3
Category:general -- posted at: 5:00am CST

When Is a Token a Security

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Tokens provide either utility or represent securities.

Utility tokens give access, the right to vote, reputation, and more.

Security tokens represent an equity ownership stake as an investment.

These tokens come with regulatory oversight.

Utility tokens have no regulation.

Security tokens are similar to stocks, bonds, and other investment vehicles.

Traditional securities laws apply to security tokens.

They must be traded on regulated exchanges.

Gains and losses must be reported, and taxes must be paid.

Laws specific to security tokens are not yet fully defined so it’s best to wait for the final regulations.

Security tokens bring additional advantages over traditional stocks such as fractionalization.  

One doesn’t have to buy an entire share but rather smaller slices of ownership.

One can automate the investment process using security tokens.

Security tokens provide greater liquidity to assets by representing the asset online.

These tokens provide greater market access and allow for new innovation.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
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Direct download: 03.when_is_a_token_a_security.mp3
Category:general -- posted at: 5:00am CST

Social Tokens

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Social tokens represent individuals, in particular creators.

Tokens capture the value a creator generates in the form of reputation.

Some will buy the token to support the creator and belong to their community.

A creator can build their own token network with governance, incentives, and more.

Also called creator or community tokens, these tokens represent a new form of fandom.

Tokens based on individuals may or may not outlive the individual.

This has yet to be determined.

Just as fame rises and falls so the value of the token will rise and fall with it.

Social tokens are similar to social media in which individuals burnish their reputation through their postings.

Creators pursue social tokens as a means to finance their activities.

This applies to musicians, writers, and other creator types.

If your fans could support specific projects then the creator can pursue more of them.

The social token generates publicity for the creator as well.

Consider a social token for mobilizing your community to support upcoming events and projects.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
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Direct download: 02.social_tokens.mp3
Category:general -- posted at: 5:00am CST

Types of Wallets

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

There are several types of wallets used in the blockchain space.

They can be hot or cold wallets.

Hot means the wallet is connected to the internet and can exchange digital assets directly.

Cold means the wallet is offline and cannot exchange assets until reconnected to the internet.

The cold wallet provides greater security as no one can hack it online.

The hot wallet provides convenience as one can use it to exchange assets more freely.

There are several types of wallets as follows:

Online crypto wallets -- the wallet is provided by an online service.

These are provided by exchanges to enable the flow of digital assets.

Mobile wallets -- the wallet exists on the mobile device.

These make it easy to pay for things using one’s digital assets.

Hardware wallets -- the wallet exists on a hardware device such as a USB stick.

These make it easy to take offline for security purposes.

Desktop wallets -- the wallet resides on your desktop computer.

This makes it easy to access from other applications.

Each has its own advantages and disadvantages trading convenience for security.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
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Category:general -- posted at: 5:00am CST

On this episode of Investor Connect, Hall welcomes Alex Chompff, Co-founder and Executive Director of Evolution Ventures and Lead General Partner of MinervaFund. Located in California, Minerva Fund is an active early-stage venture capital firm that invests in women and traditionally underrepresented founders. They focus on identifying and nurturing innovative ideas that often go unnoticed in conventional funding environments. Minerva Fund is dedicated to creating a more inclusive venture capital ecosystem that aims to uplift diverse entrepreneurs and drive meaningful change in the industry.

Alex and his team believe in the power of emerging managers and the necessity of supporting underrepresented groups in the startup landscape. By investing in companies led by diverse founders, they not only promote equity but also tap into a wealth of innovative ideas that have the potential to disrupt traditional markets. The fund emphasizes a unique investment thesis centered on the decomposition of monolithic industries, recognizing that there is considerable market opportunity within sectors that can be transformed through specialization and technology-driven solutions.

Alex Chompff has been active in investing for many years, starting as an angel and then taking on roles leading various deals. His journey began as the Director of Technology for the world's largest venture capital firm in the late 1990s, an experience that provided him valuable insights into the investment landscape. Over the years, he has developed a keen understanding of the venture capital ecosystem, particularly regarding female and underrepresented founders who are often overlooked by traditional investors.

In this episode, Alex discusses his investment thesis for Minerva Fund, focusing on the importance of innovation over invention and the role of technology in transforming industries. He emphasizes the significance of revenue generation as a key indicator of success for startups and the need for diversity in leadership within the venture capital community.

Visit the website: https://evolution-accelerator.teachable.com/ and Linkedin: https://www.evolutionacceleration.com 

Get in touch with Alex here: https://www.linkedin.com/in/alexchompff/ and his email: alex@evfm.co 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
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Direct download: IC_808.mp3
Category:general -- posted at: 5:00am CST

What Is a Blockchain Wallet

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

A blockchain wallet is an online wallet with which users store and manage their digital assets.

These assets could include cryptocurrencies, tokens, non-fungible tokens called NFTs, or more.

The wallet maintains the links to networks, applications, and other systems.

The wallet has a password for user access and can be recovered using a seed phrase in case the password is lost.

The wallet does not physically hold the digital assets but rather holds the links to those assets.

The wallet has a public key and a private key.

The public key is an address for the wallet and can be used as a means of identifying the wallet.

The private key acts as a password.

The private key is used to ensure the security of the wallet to which the user is the only one who has access.

Web2 applications use the login/password method to provide user access.

The problem here is that the public key and the private key are the same.

By placing a network token into your wallet you can gain access to that network.

The user controls their data through the wallet rather than login/password access.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
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Direct download: 05.what_is_a_blockchain_wallet.mp3
Category:general -- posted at: 5:00am CST

Blockchain Use Cases and Applications

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Blockchain brings transparency, governance, and security to the internet.

Here’s a list of use cases and applications for blockchain.

Smart contracts -- automates the execution of contracts online.

Replacing paper contracts, these code units automate the contract and maintain an online record of the transactions.

Cybersecurity -- secures the integrity of the data and systems.

Blockchain distributes the data across the network making it more secure from hackers.

Supply chain -- captures and stores the data from all participants in a supply chain.

Blockchain maintains the record of all transactions in a supply chain network giving everyone visibility on the system.

Cryptocurrency -- enables digital money.

Blockchain removes the gatekeepers and creates an online system for supporting digital currencies through online “trust”.

NFTs -- non-fungible tokens are unique digital assets.

Blockchain enables the creation, storage, and transfer of digital assets online.  

Blockchain applications benefit from the online nature of the system in which manual steps, gatekeepers, and physical components such as paper contracts and physical coins and dollars are replaced with online equivalents.

Applications include healthcare such as electronic medical record keeping.

Governance such as voting for proposals and initiatives.

Identity such as replacing passports and driver's license for proof of identity.

Banking such as the use of digital currencies instead of physical ones.

Blockchain creates a new level of network connectivity enabling higher levels of connectivity and performance.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
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Direct download: 04.blockchain_use_cases_and_applications.mp3
Category:general -- posted at: 5:00am CST

How To View the Blockchain World

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Blockchain brings a new technical paradigm to the internet.

Here are the key players and components of the blockchain world

Asset holders -- they acquire tokens, coins, and NFTs that represent value.

This includes exchanges, wallets, banks, funds and lenders.

Protocols -- these are computer protocols that manage the exchange of information and value.

This includes using coins as a store of value, or tokens to gain access to an asset, or NFTs as collectibles.

Smart contracts execute the transactions within the protocol.

Exchanges -- marketplaces for trading digital assets.

This includes traditional exchanges with a gatekeeper managing the process as well as decentralized exchanges with no intermediaries.

Chains -- these are databases which store the transactions.

Network effects impact the usefulness of chains.  The more users on the chain, the more users will want to engage it.

Miners -- they run algorithms to ensure the information across the distributed nodes remains accurate and consistent.

Application software -- these are the applications that provide the user specific services such as a social network, managing real estate assets, or tracking insurance coverage.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
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Direct download: 03.how_to_view_the_blockchain_world.mp3
Category:general -- posted at: 5:00am CST

What Is a Blockchain

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Blockchain is a way of recording information that is hard to hack or steal.

It is a ledger of transactions that are distributed across a network of computers 

New transactions are added to each ledger throughout the network.

Multiple players manage this distributed information called the Distributed Ledger.

The blockchain can be programmed with smart contracts.  

These code units execute transactions across the blockchain.

The records are immutable which means they cannot be changed.

Those transacting on the blockchain can be anonymous.

Every record is encrypted for security reasons.

Each record is time and date-stamped.

No single person or node controls the blockchain.

But every node holding the blockchain collectively agrees to the content.

The blockchain provides the mechanism for building “trust” into a network.

This provides the technical basis for digital money.

There no longer needs to be a gatekeeper for handling money.

An online network of computers through a series of computer code executions can replicate the gatekeeper function.

This enables online means to manage money.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
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Direct download: 02.what_is_a_blockchain.mp3
Category:general -- posted at: 5:00am CST

Decentralization in Web3

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Web3 brings a new level of decentralization to the internet.

Web3 lets users build their own economic networks using open-source code and tokens to provide incentives.

Web3 consists of several components to create the technical underpinnings that provide decentralization.

This includes digital assets such as tokens that represent value, the blockchain which stores all the transactions for transparency purposes, and smart contracts for executing the transactions.

Web3 brings a new level of governance to the entity.

Control of the entity is shared among all and executed through voting mechanisms.

Web3 decentralization separates the data from the core system so it’s portable and can be moved by the user to other platforms.

The Web3 technical structure enables the transition from a Web2 platform to a Web3 platform.

Traditional fintech companies can enable decentralization in the following ways:

Move governance to a decentralized community that votes.

Embed execution of the transactions into smart contracts.

Separate data from the code base.

Create digital assets to provide incentives for those working on the system.

Consider moving your Web2 application to Web3.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
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Direct download: 01.decentralization_in_web3.mp3
Category:general -- posted at: 5:00am CST

On this episode of Investor Connect, Hall welcomes Andrew Romans, General Partner at 7BC Venture Capital Fund.
Located in Austin, Texas, 7BC Venture Capital is a global venture capital firm that invests in innovative founders addressing significant societal changes through data connected software. The firm offers strategic support along with a vast network of investors and large corporations. They also feature a unique LP in residence program, which connects limited partners with emerging startups, facilitating collaboration and investment opportunities.

Andrew Romans brings a wealth of experience, having begun his career as an entrepreneur in the enterprise software industry, spanning Silicon Valley, New York, and Austin. He has raised approximately $300 million for his startups, achieving significant milestones such as IPOs and M&As, while also navigating challenges along the way. His journey eventually led him into venture capital, where he has dedicated over 12 years to managing VC funds and assisting startups in securing funding.

In this episode, Andrew shares insights from his extensive background in venture capital, discussing the evolution of his career and the challenges faced in raising capital as an emerging manager. He emphasizes the importance of networking, understanding market dynamics, and leveraging international perspectives in investments. Andrew outlines effective strategies for engaging with startups and how governments can support innovation through tax incentives.

Andrew Romans discusses the nuances of raising venture capital, the role of media in shaping public perception, and the essential strategies for aspiring founders. He highlights the importance of building a robust network and obtaining feedback from fellow entrepreneurs to refine fundraising pitches.

Visit 7BC Venture Capital at www.7bc.vc, LinkedIn, and on Twitter.
Reach out to Andrew at www.linkedin.com/in/andrewromans and on Twitter.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
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Direct download: riverside_andrew__hall_-_take_02___nov_14_2024_001_andrew_romans_of_7b.mp3
Category:general -- posted at: 5:00am CST

Web3 CFO Skills

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Web3 brings new challenges to the startup leadership.

Here are some key skills a Web3 CFO should have:

In addition to basic financial skills, the CFO should also understand the technology and frameworks for DeFi, Crypto, and Web3.

Web3 brings a new tech stack with multiple layers providing new functionality.

CFOs need to understand the structure and the regulatory requirements.

Web3 brings new ways to raise funding.

CFOs will need those tools to fund the operations.

Web3 brings new tools for financial reporting.

The CFO will need to know the Web3 tools for managing the financial aspects of the operations.

Web3 takes the treasury function to a new level.

The CFO will need to know how the treasury works to maintain ongoing operations.

Web3 interfaces with the traditional banking world.

The CFO will need to know how to manage traditional banking relationships with the Web3 structure.

Finally, converting crypto funds to traditional banking accounts require additional oversight from the CFO.

Web3 CFOs should know these areas to be effective.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
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Direct download: 05.web3_cfo_skills.mp3
Category:general -- posted at: 5:00am CST

Web3 CEO Skills

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Web3 brings new challenges to the startup leadership.

Here are some key skills a Web3 CEO should have:

In addition to basic leadership skills, the CEO will need a strong grasp of financial terms.

In particular, the CEO will need to understand tokenomics as it sits at the heart of a Web3 company.

Marketing is another key skill for the CEO.

Community building is the primary tool for growing the business.

The CEO must be able to position and promote the company to find new participants including customers, investors, and partners.

Hiring is a key skill as well.

The CEO must be able to identify the right candidates and bring them up to speed quickly in the business.

Technical skills are also important.

A significant portion of the company’s business will be tied to smart contracts which are written in computer code.

The CEO needs to be able to read and understand smart contracts in code form.

Finally, systems thinking.

The CEO must be able to build systems as a great portion of the Web3 world is automated.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
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Direct download: 04.web3_ceo_skills.mp3
Category:general -- posted at: 5:00am CST

Web3 Business Models

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Web3 brings new business models.

Here are some key business models to consider:

Native assets -- the value of the coin or token is valuable in and of itself.

An example is Bitcoin in which the coin itself has value and as the community grows, the value increases.

Infrastructure for native assets -- there’s value in building the exchanges, wallets, and custody solutions for holders of native assets who want to buy, store, and sell their tokens or coins.

Payment tokens -- the holders of tokens will want to buy and sell their tokens with others.

This requires exchanges and platforms that create a marketplace for those transactions.

Token as a security -- the token represents the equity ownership of an entity that generates revenue or other value.

Transaction fees for token activity -- similar to most fintech models, the user receives a transaction fee  for buying and selling tokens.

Network services -- those providing services around token management such as custody, security, and recovery would receive compensation.

Yield farming -- those who hold tokens can lend their assets to others who pay an interest rate for it.

Consider these business models for your Web 3 application.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

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Direct download: 03.web3_business_models.mp3
Category:general -- posted at: 5:00am CST

Go to Market Strategies in Web3

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

In the Web2 world go-to-market strategies focused on free products and services.

In the Web3 world, go to market strategies focus on tokens.

Tokens incentivize the early users by compensating them for their work.

In addition to users, developers, investors, and others can participate as well.

The use of tokens allows a company to launch without a product.

It puts the community and their mission at the center rather than the product and what it does for the customer.

Some Web3 communities called DAOs focus on building the underlying protocol that ties the community together.

Since revenue is not yet in the picture for many DAOs, they focus on TVL or Total Value Locked which measures the value of all assets associated with the protocol.

Other metrics include number of token holders, community engagement, and developer output.

Instead of offering free products the Web3 offers free tokens called airdrops.

This gives potential community members something of value at no cost such as the ability to vote on the direction of the DAO.

Communities can incentivize developers with bug bounties and quality testing. 

Web3 brings new tools and structures to the startup world to speed the launch and growth of the business.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

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Direct download: 02.go_to_market_strategies_in_Web3.mp3
Category:general -- posted at: 5:00am CST

Reputation, Credentials, and Identity in Web3

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Reputation, credentials and identity are new use cases brought about by Web3.

Since there are no longer gatekeepers to check credentials and identity, there must be some way to manage this online.

There are several types of reputation. 

Social reputation captures one’s value based on user-generated content.

Through likes, shares, and retweets there’s a score for one’s reputation.

Contribution reputation captures what one has done and gives it a score.

Credentials represent the achievement of a certification based on accomplishing tasks or activities.

The system captures this in the form of avatars and badges.

An example of this is a customer loyalty program.

Finally, there’s identity in which the system verifies one's identity.

This requires a verification process to determine if you are who you say you are.

This gives rise to the identity provider use case.

Web3 removes the intermediaries and uses online software tools to capture one's reputation, credentials, and identity.

This gives rise to new functions that must be done online.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

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Direct download: 01.reputation_credentials_and_identity_in_web3.mp3
Category:general -- posted at: 5:00am CST

On this episode of Investor Connect, Hall welcomes Mike Partsch, Chief Venture Officer at the Wisconsin Alumni Research Foundation (WARF). Located in Madison, Wisconsin, WARF serves as the designated tech transfer office for the University of Wisconsin-Madison. For nearly a century, WARF has played a crucial role in advancing groundbreaking discoveries from the university's research labs to commercial markets. They manage the intellectual property generated by university researchers, license it to various industries, and allocate royalties back to the university to support ongoing research and innovation. With a strong commitment to fostering a collaborative ecosystem, WARF has successfully partnered with numerous startups, driving impactful advancements across various sectors.

Mike Partsch is a seasoned professional with a rich background in venture capital and entrepreneurship. Having spent years honing his skills in the startup landscape, he brings a wealth of knowledge and experience to WARF’s investment strategy. Mike’s journey led him to work closely with the university’s entrepreneurial community, identifying promising technologies ready for commercialization. His insights into building a robust portfolio of startups around health, wellness, and technology have positioned WARF as a leader in the field, particularly in the health care sector.

In this episode, Mike discusses the mission of WARF Ventures and its unique approach to investing in startups that stem from the University of Wisconsin-Madison. He shares how WARF's structure as a separate nonprofit organization allows for a more agile and focused investment strategy, enabling them to support early-stage companies effectively. Mike also highlights the importance of collaboration with entrepreneurs and other stakeholders to ensure that innovations can thrive and address significant challenges within the healthcare landscape. He emphasizes WARF’s commitment to wellness and preventative care, aiming to shift the conversation away from reactive healthcare solutions.

Visit WARF at https://www.warf.org/, LinkedIn here: https://www.linkedin.com/company/wisconsin-alumni-research-foundation/. Reach out to Mike Partsch at Linkedin here: https://www.linkedin.com/in/mikepartsch/. You can also contact him via email at MPartsch@warf.org.    

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

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Direct download: riverside_mike__hall___oct_29_2024_001_mike_partsch_of_warf.mp3
Category:general -- posted at: 5:00am CST

Treasury Function in Web3

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Web3 brings a new function the startup must manage:  the treasury.

The treasury function exists in the Web2 world but typically has no impact until later in the life of the startup.

For the Web3 company, the treasury has an important role from day one.

The Web3 world introduces the concept of the token which provides value to the members of the startup.

Those holding tokens have the option of converting those tokens into dollars.

The treasury must be able to handle the conversion to fiat currency.

There are also tax implications with tokens.

Using tokens as incentives for sales and other activities triggers taxable events.

Tokens can fluctuate in price dramatically.

As tokens rise, it increases in value to the holder.

As tokens fall, it decreases.

Taxable events must be paid regardless of the current value of the token.

Tokens bring a new level of complexity to the startup which must be managed early on.

Consider how to handle the treasury function for your startup.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

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Direct download: 05.treasury_function_in_Web3.mp3
Category:general -- posted at: 5:00am CST

Difference Between Web2 and Web3

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

There are several differences between Web2 and Web3.

Web2 centralizes the control of information kept by gatekeepers while Web3 decentralizes control and removes the gatekeeper.

Web2 requires one to give their content and  information to another entity, while Web3 lets the user maintain control of their content and information.

Web2 focuses on reading and writing content while Web3 focuses on creating content.

Web2 uses fiat currency such as the US dollar while Web3 uses cryptocurrency such as tokens.

Web2 uses JavaScript and HTML while Web3 uses open source blockchain technology.

Web2 stores data on centralized servers, while Web3 stores data in a distributed manner across the internet.

Web2 gave users access to the system through logins and passwords.  

Web3 gives users access to the network through their own online wallets.

Web2 provides basic content while Web3 provides the semantic web using artificial intelligence and machine learning.

Web2 provides basic application to application communication while Web3 provides composability or the ability for one application to call another application.

Web3 continues to grow and evolve and holds the promise of creating a more democratic internet available to all.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

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Direct download: 04.difference_between_web2_and_web3.mp3
Category:general -- posted at: 5:00am CST

Composability

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Web 3 brings software composability to a new level.

Composability is the ability to select and combine components to meet specific requirements.

An example is the smart contract on the blockchain.

Any smart contract can call any other smart contract to execute it.

Web 3 uses open source components to build systems.

This allows the developer to use the tools and systems of others without having to reinvent them.

Some level of standardization must be applied to ensure the compatibility and reuse of modules and components.

This enables access to multiple applications and systems.

For example, one can cast a vote on a DAO, which triggers a token award and then deposits that token into a yield farming system to earn additional money.

Composability is the next generation of application software as it connects across company boundaries.

As we digitize more things to represent on the internet, the greater the opportunity for composability.

For example, an art object can be captured on the web as an NFT. 

This NFT can now be used as part of a composable system.

Composability has been around for a long time and as Web3 brings new physical components online, the ability to combine each component into a new system is endless.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

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Direct download: 03.composability.mp3
Category:general -- posted at: 5:00am CST

Benefits of Web3

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

The next generation of the web, called Web3 seeks to decentralize the internet and give control back to the users.

This brings several benefits to content creators using the internet.

Here are some examples:

The current web lets anyone copy anything and share it with others.

This provides no compensation for the creators.

Web3 through NFT or non-fungible tokens prevents copying and distributing content and installs a payment mechanism for their work.

Web2 used the advertising model almost exclusively.

Web3 will enable other business models and will allow content creators to capture more of their share of the revenue.

New payment mechanisms will let content creators raise investment funding for their work rather than donations.

This provides a greater revenue opportunity for the content creator.

Tokenization lets every creator earn a share of the revenue unlike current ad models that reward only the most popular.

Finally, Web3 gives the user control of their data and content rather than the platform. 

Content creators can move to other platforms and take their data with them.

This gives them the power to negotiate better terms and greater revenues.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

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Direct download: 02.benefits_of_web3.mp3
Category:general -- posted at: 5:00am CST

Web3 Innovations

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Web 3 brings new innovations to the internet.

Here are some key innovations:

Web 3 uses blockchain technology which captures permanently all transactions and list of ownership available for all to access.

Web 2 had siloed records based on the platform or the company and only a limited number were able to access it.

This standalone record provides portability.  

One's content, data, and identity are always accessible.

Web 3 provides a secondary monetary system called tokens which compensates users of the platform for their contributions.  

This provides incentives to those building the system.

Web 3 brings increased interconnectivity of systems.  

Web 2 systems had limited data exchange while Web 3 takes data and application exchange to the next level.

Web 3 reimagines the company as a group of people with a common cause rather than just a legal entity.  

One can build a community using software to manage and execute the policies of the group.

Web 3 brings new innovations to software, entity formation, and connectivity.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

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Direct download: 01.web3_innovations.mp3
Category:general -- posted at: 5:00am CST

What Is Web3?

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

The current internet is controlled by a few players with concentrated power over the users.

The next generation of the web, called Web3 seeks to decentralize the internet and give control back to the users.

Web3 promises to give creators a larger share of the revenue from their work.

It also promises to give users control back over their own data and content.

Web3 uses blockchain technology which enables decentralized control and removes the gatekeepers.

The current web lacks a layer for handling payment transactions. 

Cryptocurrencies provide technical solutions to enable Web3 by providing tokens to incentivize users and compensate those who work on it.

Web3 brings a new approach to software that takes it to the next level.

It brings composability which lets one build new capabilities on existing software modules.

This speeds up the software development and increases the capabilities of the system as well.

Web3 also defines the interface between systems to enhance the exchange of data and interconnections among companies.

Web3 is the next generation of software.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

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Direct download: 05.what_is_web3_.mp3
Category:general -- posted at: 5:00am CST

On this episode of Investor Connect, Hall welcomes Matt Duomo, CEO and AI Strategy Expert at Fifth Advantage. Located in Austin, Texas, Fifth Advantage helps businesses become future-ready by leveraging AI and digital technologies to drive growth and efficiency. This innovative company is renowned for its "anti-consulting" approach, which focuses on delivering fast, actionable results that empower clients to thrive autonomously. With a team of experts known as the "Avengers of AI," Fifth Advantage emphasizes the collaboration and adaptation necessary for companies to navigate the rapidly evolving technological landscape and successfully implement AI strategies.

Matt Duomo has a rich background in technology, having worked with industry giants like Microsoft and Amazon. As a founding general manager of Amazon Web Services’ database division, he played a crucial role in developing products like Microsoft Dynamics and the speech infrastructure that became Cortana. Matt has a wealth of experience in leading projects to successful exits, including companies that achieved a combined $1.6 billion in exits. At Fifth Advantage, he is driven by a desire to provide guidance and support to businesses embracing AI during the dawn of the Fourth Industrial Revolution, aiming to empower organizations for autonomous growth and success.

In this episode, Matt shares his insights on the importance of understanding AI demands within businesses and how to deliver growth in a matter of weeks. He discusses the evolving landscape for family offices to invest in AI and the need for practical, value-based investments. Matt emphasizes a collaborative approach to working with clients, ensuring that they can navigate challenges and embrace opportunities in AI.

Matt delves into how both Jeff Bezos and Bill Gates have influenced his views on innovation and AI. He explains the necessity of working backward from the customer needs and setting realistic goals to ensure AI projects succeed. The conversation also covers how family offices are uniquely positioned to invest in AI, especially during a time when traditional venture capital models are changing. He underscores the importance of creating value, enhancing employee experiences, and leveraging AI as a tool for efficiency and innovation in business.

Visit Fifth Advantage at www.fifthvantage.com, LinkedIn, and on Twitter.
Reach out to Matt at matt.duomo@fifthvantage.com, LinkedIn, and on Twitter.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
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Direct download: riverside_mat__hall___oct_29_2024_001_matt_domo_of_fifthv.mp3
Category:general -- posted at: 5:00am CST

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