Russ From Frens🙂↔️
@russellonchain
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Man in finance, 6.2, blue eyes. GP of @frenssyndicate ; Founder of @Truepnl (acquired)
Lisboa
Joined April 2013
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Pinned Tweet
Why I created Frens Syndicate?
There is a thread 🧵
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- Baby, we'll have to сut our expenses a little until the market goes up
3h later he buys jpeg for $9k
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⚠️ ISRAEL MILITARY SAYS MISSILES LAUNCHED FROM IRAN INTO ISRAEL
Kamala Harris: “ I grew up in a middle-class family.”
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@truepnl
Overrunnn!
We are not just co-invested in the same rounds with Tier1 VC like Paradigm, Binance labs, and others, but also invested before A16Z in an angel round in
@term_labs
There are some of our portfolio companies:
@TanssiNetwork
(Frens co-invested with Gavin Wood/Hashkey)
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We still have space for you!
Join
@FrensSyndicate
, it's free, just apply and go thought 7-10-minute call interview;
Apply now! - !
See u inside 🤜📷🤛
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I am curious maybe all rappers who use in their names "lil" are funs of Exupery?
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Check out my podcast for Stanford AI x Web3 Lab
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milady is a cult, better than any meme
even meme guys like
@zhusu
wear milady
and MC is about 90M rn! (10,000 x 2700 (eth price) x 2.9 eth)
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This happens over and over again
I see 3 groups of buyers
1) buying now (minority, less than 1%)
2) 70% of guys who buys at avg $1, waiting 2-3 years and sell with 10-30% profit, then buying new shitcoin
3) 29% full who are buying ATH, waiting for forewer)
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what do you see here? I see 1-1.5 of the bear market
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GM 🌞 We launched the Frens Founders Club, a free, non-commercial community for Web3 founders!
Requirements:
- Raised pre-seed or beyond
- Proven track record of being excellent at tech/product/marketing
Book your seat (2 min form) -
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Fun fact: the most 2 successful projects in our
@FrensSyndicate
portfolio have the smallest raises/min interest in the syndicate
1) Lynex - 1.5x realised pnl, 2.3x unrealised
2) ### - cant announce yet , but ### raised next round from Tier0 fund
Conclusions??
- the most
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the FBI is literally launching meme tokens on Ethereum, why are u bearish?
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We invest 100-300k at
@FrensSyndicate
and I write $20-50k personal tickets in Web3 native startups. Mostly looking 👀 for Infra/Defi at pre-seed and Infra/Defi/Consumer at Seed;
We like to
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super interesting reading, not just about crypto, but more about of decentralized communities/cities incl history examples, and how living spaces might be organized,
if you heard about Zuzalu - it would be supa interesting to read
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@Gadget44027447
@coffeebreak_YT
Jimmy Car joked Tate embodies what a 14-year-old boy imagines being a man is all about and I can’t not think of that every time I see him because it’s so accurate.
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On of the most powerful skills for the digital human is focus control (ability to shift your mind out of not relevant topics to the actual ones)
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🟥 Many new coins are stuck below their last funding round prices. Venture folks say it's a liquidity issue, but no one's talking about...
🧵 Thread
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Join us on the first chess tournament for founders and VCs at September; slots get taking fast🔥👇🏽♟️
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Who wanna participate in a Seed (first round) infra deal led by A16Z?
The new deal in a Frens Syndicate.
DM if interested 📪
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can someone create a betting on Polymarket if the guy dies before the bull run actually starts
Worker at a disposable vape factory tests up to 10,000 vapes a day
3K
12K
130K
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slowly and steady
insight for me was that we didn't get +700k btc inflows since inception, but got +300k btc accumulated this year
curious how much btc has to be bought for retail to get FOMO or its not gonna be a parabolic bull run, thoughts?
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why BTC is not a currency, but a bond? and even better
1) every currency has 2 main utilities
a) store of value (perfectly work in the long-term)
b) medium of exchange (doesn't work)
US dollar is a super bad solution for a store of value, with 50-100% inflation in the last 5y
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so why btc is better than T-bills are you looking to store value for 5y and more?
1) BTC is hyper volatile, but in the long term the average annual growth is about 40-50%, versus 4-5% for t-bills
2) long-term T-bills has down for 20% (its why most banks was almost fell down),
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Fragmentation of liquidity across protocols, chains and dAPPs and fighting for active users became arena 5 times more comptitive
The era of forks unique selling proposition (USP) is over; You cant just fork defi primitives (AMM, Lending or other) product and came to other EVM
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Appchains is the next big thing to optimize existing web3 and move more web2 companies on-chain.
Made by the Moonbeam team,
@TanssiNetwork
provides low-code app chain creation in 10 min, more than 2000+ companies already in!
We contributed their Seed round at Frens
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what else?
- when printing machine goes brrrr, t-bills fell down; btc is growing; from game theory perspective there is 10% of chance a new leader decide to pay debts of prev presidents to make the current generation struggle, easiest and most logical way to deflate the
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Amount of active chains at 2021: 12
Amount of active chains at 2024: 168
In the previous pre-bull market we saw the beggining of roll-ups era, currently we have around 30+ active roll-ups on Defilama + about 200+ roll-ups coming to market soon
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Last week, a web3 founder told me he had hired 40 ladyboys strippers for their side event during Token2049.
I asked him why, and he replied, "Founder mode."
We decided to double our investment in the company.
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I live in Europe cause I have feelings of justice and safety. If it’s false feelings, Why am I paying double the cost of living?
#FREEDUROV
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excuse me but how crypto people can ever vote for Kamala? saw a few supporters i am following (ed lol)
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@TanssiNetwork
Social-fi is one of the hottest narratives, Farcaster raised their round at 1B this year.
Ex-Kucoin wallet, transforming into a social wallet
We joined
@HaloDotSocial
in their Seed with Frens Syndicate;
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About me:
I'm Russell, a 30-year-old product founder who has spent the last 7 years building financial Web3 products.
Two of my companies were acquired - one in 2019 by a US public company, and another in 2024 by MagicSquare. In my last project,
@truepnl
, we spent 4 years
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@Mad_about_sheep
@coffeebreak_YT
I had the misfortune of seeing this on x. If the video wasn't posted by his official account I'd have thought it was ai because it was so laughably stupid.
Also it made me laugh that he's calling him homophobic slurs while promoting a token named daddy coin.
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@FWC2030
@nocontextfooty
The hacker launched a token named MBAPPE and advertised it on the footballer's account.
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In pre-bull market of 21th:
The total Marketcap of all tokens was about 800B
400k tokens
800B/400k tokens = 2M avg MC of each token
In pre-bull market of 24th:
The total Marketcap of all tokens was about 2.2T
2,5M tokens
2.2T/2.5M tokens = 900k avg MC of each token
2.2X less
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@WatcherGuru
Why does any and every ‘organisation’ require full KYC, yet has no accountability when they fuck up and an individual’s personal and private information is ‘NOT’ personal and private
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I am man in finance; trust fund-ish; 6.2; blue eyes
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@truepnl
Allocation fights!
During operating of launchpad I saw more than 3000 decks, but ironically for most greatest deals, you have to fight for the allocation (right to invest) with other VCs. As an investor, you have to provide a lot of additional value to secure an allocation.
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@QuintenFrancois
Very nice, now do France. I don't wanna pay 30% taxes on gains over 305 euro lol.
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@truepnl
Idea take off 🔌
We were surprised by the enormous demand for this community.
In just 15 months:
- we conducted over 1,000 interviews,
- welcomed 700+ founders and OGs
- and funded 12 startups with an average ticket of $150,000
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I am 30 y.o today; I don’t know what to celebrate more: my birthday or bitcoin halving
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60M users with only $0.4B MC,
was accumulated my spot position for the last 14 month + now even longing on the futures,
Kyle pump the shit
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crazy rainfall in Dubai during Token49, now Brussells... maybe god just dont like crypto??
#ETHCC
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the saddest part of the story, thats this shitcoin is pretty solid and even here most of people lose money, 95% of shitcoins is just to make founding teams rich
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The number of crypto-projects grew in about 6 times since 2021;
From 400k tokens created in 2021 to almost 2.5M tokens in 2024
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@truepnl
I was looking for angel degen community...
Last year, I wanted to get a rest from building and pivoting products every half year: cryptooospeeed 💫
the tempo was exhausting, so I decided to go to the "dark side": venture investing!
My ticket wasnt super big to go full-time in
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@truepnl
Value prop 🤌
So the main value of
@FrensSyndicate
thats every project gets exposure to about 600 founders (growing +15% every month) and get about 25 angels onboard (mostly web3 founders), backed by tier1-2 VC. So 25 people have strong skin in the game to build using your
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@angeldesolana
change usdt for USD with local agents for 3%; change USD to Peso with grey (normal) rate in any unofficial exchange currency
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@scottmelker
Institutions are completely in Crypto now.
Can't wait for them to market Crypto in a bull run.
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@wallstreetbets
Including license, social security numbers, and personal information.
Thank you fidelity. Now my social security number is public domain
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