John MilinovichDangerously Good Product Managers
Co-authored with Harsan Sidhu Product managers play a crucial role in consumer product companies as they serve as the central point of contact between the company's users, product development teams, cross-functional teams, and leadership team. While a product manager's success is dependent on the impact and quality of their team's work, it's easy to fall into the trap of being a bad PM who contributes little to the team beyond attending meetings and writing a few documents...
John MilinovichThe crypto mullet: web2 in the front, web3 in the back
The next wave of $1B+ crypto companies will disrupt incumbents by keeping an existing consumer experience in web2 while rebuilding its back office in web3. Disruptive technologies create transformative business models when they enable a 10x better consumer experience (ie, Netflix with streaming tech vs. going to Blockbuster) or a 10x cheaper back office (ie, Instacart with mobile tech vs operating a grocery store). Today, the blockchain is arguably a 10x+ worse consumer experience for anyone ...
John MilinovichOn Chain Conglomerates
Crypto Mullets are the next wave of multibillion dollar web3 companies, and one way they’ll come to market is through on chain conglomerates powered by annuity-bearing NFTs. Traditional conglomerates are, “a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries” (source). I believe this same model will come to fruition on chain to fund and create niche DAOs that generate on chain...
Passionate product manager and team player. 2x YC founder, formerly of Clubhouse, Aesthetic, Pinterest, URX and Google.
John MilinovichDangerously Good Product Managers
Co-authored with Harsan Sidhu Product managers play a crucial role in consumer product companies as they serve as the central point of contact between the company's users, product development teams, cross-functional teams, and leadership team. While a product manager's success is dependent on the impact and quality of their team's work, it's easy to fall into the trap of being a bad PM who contributes little to the team beyond attending meetings and writing a few documents...
John MilinovichThe crypto mullet: web2 in the front, web3 in the back
The next wave of $1B+ crypto companies will disrupt incumbents by keeping an existing consumer experience in web2 while rebuilding its back office in web3. Disruptive technologies create transformative business models when they enable a 10x better consumer experience (ie, Netflix with streaming tech vs. going to Blockbuster) or a 10x cheaper back office (ie, Instacart with mobile tech vs operating a grocery store). Today, the blockchain is arguably a 10x+ worse consumer experience for anyone ...
John MilinovichOn Chain Conglomerates
Crypto Mullets are the next wave of multibillion dollar web3 companies, and one way they’ll come to market is through on chain conglomerates powered by annuity-bearing NFTs. Traditional conglomerates are, “a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries” (source). I believe this same model will come to fruition on chain to fund and create niche DAOs that generate on chain...
Passionate product manager and team player. 2x YC founder, formerly of Clubhouse, Aesthetic, Pinterest, URX and Google.
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For the least few years I’ve written out my own tech industry predictions, but I’ve never been bold enough to publish them externally. After spending the last 9 months going down the web3 rabbit hole, I thought it’d be worthwhile to call out 5 ways I think web3 will influence the software industry in 2022:
Most NFTs’ image assets live off-chain using something like IPFS. While this makes sense in many cases where the assets remain static, these projects are only using a fraction of the potential enabled by the blockchain.
In 2021 we’ve seen a few projects emerge where the image files are actually encoded into the smart contracts using SVGs (ie, Nouns DAO, Blockheads, ChainRunners) which enables a whole new level of functionality and composability. I believe this is going to be a critical part of NFT infrastructure moving forward, and 2 of these projects will break into the OpenSea Top 10.
Discord is the de facto home for NFT communities today because it lets a dedicated group of fans interact with each other around a niche topic. However, there’s so much left to be desired in order to enable authentic community building on the web.
For the least few years I’ve written out my own tech industry predictions, but I’ve never been bold enough to publish them externally. After spending the last 9 months going down the web3 rabbit hole, I thought it’d be worthwhile to call out 5 ways I think web3 will influence the software industry in 2022:
Most NFTs’ image assets live off-chain using something like IPFS. While this makes sense in many cases where the assets remain static, these projects are only using a fraction of the potential enabled by the blockchain.
In 2021 we’ve seen a few projects emerge where the image files are actually encoded into the smart contracts using SVGs (ie, Nouns DAO, Blockheads, ChainRunners) which enables a whole new level of functionality and composability. I believe this is going to be a critical part of NFT infrastructure moving forward, and 2 of these projects will break into the OpenSea Top 10.
Discord is the de facto home for NFT communities today because it lets a dedicated group of fans interact with each other around a niche topic. However, there’s so much left to be desired in order to enable authentic community building on the web.
Today we separate the world into “web2” and “web3”, but in reality things aren’t that simple. Whereas all early web3 startups are new companies that build native to this new technology, we’ll going to seem many hybrid “web2.5” companies in 2022.
In particular, I think 1 creator platform (ie, Substack, Patreon) and 1 real estate company (ie Opendoor, Compass) will launch crypto native functionality where they either bring a large part of their existing business on-chain or create a new on-chain business line.
Olympus DAO is a partially collateralized, floating price currency that aims to be the de facto reserve currency for all crypto projects in the future. When it was released in April ‘21 it introduced many new DeFi primitives to the world and is credited with creating, “DeFi 2.0”.
There are currently ~100,000 “OHMies” who are currently holding and staking OHM—referred to as (3,3)—and I believe that the number of OHMies will quintuple in 2022.
Wikipedia remains one of the best examples in the world of internet-scale collaboration. Roughly 100,000 people are active contributors to Wikipedia today, with no clear incentive to do so other than to feel a part of something bigger than themselves.
In 2022 a new, real threat to Wikipedia will emerge that combines modern web2 technology with a web3 incentive structure. I believe Golden is best positioned to do this but think there’s also room for a new incumbent to go to market and gain traction here quickly.
Today we separate the world into “web2” and “web3”, but in reality things aren’t that simple. Whereas all early web3 startups are new companies that build native to this new technology, we’ll going to seem many hybrid “web2.5” companies in 2022.
In particular, I think 1 creator platform (ie, Substack, Patreon) and 1 real estate company (ie Opendoor, Compass) will launch crypto native functionality where they either bring a large part of their existing business on-chain or create a new on-chain business line.
Olympus DAO is a partially collateralized, floating price currency that aims to be the de facto reserve currency for all crypto projects in the future. When it was released in April ‘21 it introduced many new DeFi primitives to the world and is credited with creating, “DeFi 2.0”.
There are currently ~100,000 “OHMies” who are currently holding and staking OHM—referred to as (3,3)—and I believe that the number of OHMies will quintuple in 2022.
Wikipedia remains one of the best examples in the world of internet-scale collaboration. Roughly 100,000 people are active contributors to Wikipedia today, with no clear incentive to do so other than to feel a part of something bigger than themselves.
In 2022 a new, real threat to Wikipedia will emerge that combines modern web2 technology with a web3 incentive structure. I believe Golden is best positioned to do this but think there’s also room for a new incumbent to go to market and gain traction here quickly.
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