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Entrepreneurship
Entrepreneurshiplife
3w
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Essential Steps to Take If You Want to Launch a Crypto Business
- Before launching a crypto startup, conduct thorough market research to understand industry trends, customer needs, and competition.
- Choose the right legal structure for your crypto business, considering options like DAO, C-corp, or LLC based on your objectives and scalability plans.
- Understand licensing and regulatory requirements specific to your business location to navigate legal challenges in the crypto industry.
- Evaluate funding options like Security Token Offerings or Initial Coin Offerings and decide on hiring a team vs. running the business solo.
- Establish a blockchain technology infrastructure for your venture, selecting from options like Ethereum, BNB chain, or Polkadot.
- Develop and validate your MVP (minimum viable product) to engage early adopters, gather feedback, and iterate on product enhancements.
- Prepare for scalability by planning efficient mechanisms and codebase optimizations to accommodate potential growth in demand.
- Implement a robust marketing strategy encompassing social media, content marketing, and community engagement to promote your crypto business.
- Flexibility, openness to change, and patience are key to successfully launching and sustaining a crypto business amidst evolving market trends.
- Success in the crypto industry requires a methodical approach, adaptability to changing trends, and a proactive mindset towards business growth.
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Medium
3w
419
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Stop Asking AI for Answers. Build It Into Your Workflow.
- Non-technical individuals can benefit from integrating AI tools into their workflow to enhance efficiency and decision-making.
- Using tools like Cursor can lead to significant improvements in how competitive landscapes are built and maintained.
- While advanced AI models like GPT-4.5 can provide substantial assistance, there is still a need for manual intervention for in-depth analysis such as feature-level comparisons, pricing validation, and funding history.
- Automation and integration of AI tools can streamline processes and save time, transforming how individuals approach tasks that require detailed insights.
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Blackenterprise
3w
373
Image Credit: Blackenterprise
Lancaster, Ohio’s First Black Business Owner Honored With Statue
- Lancaster, Ohio's first Black business owner Scipio Smith is being honored with a statue along Main Street.
- Smith, a former slave, is depicted holding an open shackle with his emancipation date inscribed, symbolizing resilience.
- He founded the AME church and opened a tinsmith shop in Lancaster, paving the way for other Black business owners.
- Local historian Michael Johnson initiated a fundraiser for the statue, highlighting Smith's work ethic, faith, and legacy.
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Medium
3w
149
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“10 Best Unique Business Ideas for 2025”, perfect for Medium.
- Unique business ideas for 2025 include virtual interior design consultations, eco-friendly subscription boxes, AI-powered personal stylist, and silent retreat micro-getaways.
- Other innovative ideas are customized children's storybooks with AI, pet-friendly co-working spaces, local food forest planning service, and niche digital learning platforms.
- Additionally, AR-based home maintenance guide and upcycled fashion studio are recommended business concepts for the future.
- The key is to solve real problems creatively and take inspiration to validate and execute your business ideas.
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8 Likes
Medium
3w
35
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Savvy’s Thought of the Day™: Play the Odds, But Respect the Power Law
- Startup success follows a power law where only a few companies generate significant value for VC investors.
- Founders need to adopt an outlier mindset, focusing on planning, strategy, quality, and resilience to succeed.
- Despite the odds being against you, it's crucial to out-work, out-think, and out-last to build a successful startup.
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2 Likes
Medium
3w
360
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The Credentialed Gamblers of Sand Hill Road
- Silicon Valley venture capitalists operate in a world of risk-taking mythos, often mistaking luck for brilliance and prioritizing pattern recognition over true innovation.
- The dirty secret of venture capital lies in funding archetypes rather than groundbreaking ideas.
- VC success rates are low, with a reliance on asymmetric upside to justify numerous failed investments.
- Venture capital fosters a culture of mediocrity and irresponsibility, where reckless bets are celebrated and failure is brushed off with little consequence.
- The Cult of Disruption in Silicon Valley often exploits regulatory loopholes rather than driving genuine innovation.
- Venture capitalists bankroll risk-taking strategies, with a focus on selling the narrative before the reality catches up.
- VCs like to claim support for founders but often prioritize closing deals over ensuring long-term success, leading to a lack of sustainability in the ecosystem.
- Success in the VC world can result in founders subsidizing failures of other companies in the portfolio, with complex investment clauses favoring investors over builders.
- VC incentives prioritize flashy fundraising over solid business models, perpetuating a system that values hype over substance.
- Venture capital's obsession with up rounds and optics creates a market where spectacle triumphs over durability, leaving many founders disillusioned and financially disadvantaged.
- The VC model faces criticism for its shortcomings, indicating a need for a shift towards more patient, principled investment practices focused on real value creation.
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Blackenterprise
3w
373
Image Credit: Blackenterprise
Brookings Metro Unveils Dashboard To Help Cities Track And Close Gaps In Black Business Ownership
- Brookings Metro's Center for Community Uplift unveils the Black Business Parity Dashboard to aid in tracking and closing gaps in Black business ownership.
- The dashboard highlights the potential impact of equitable funding for Black-owned businesses, showcasing significant increases in the number of businesses and job creation.
- Researchers emphasize the importance of intentional investment in Black-owned businesses to bridge the racial wealth divide and drive economic growth.
- The initiative aims to give city and community leaders visualization tools to understand the economic benefits of increased investment in Black-owned businesses.
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22 Likes
Medium
3w
361
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Day 7: The Secret Sauce – How to Build Trust Even if Nobody Knows You (Yet)
- Building trust is essential in gaining engagement and sales in today's world.
- Authenticity and sharing genuine, relatable stories help in building trust with the audience.
- Consistency in providing value and being honest is crucial for building trust over time.
- The journey of building trust and success in affiliate marketing starts with being real, helpful, and persistent.
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21 Likes
Medium
3w
290
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What If We Built a Community That Builds Entrepreneurs?
- Entrepreneurship can be challenging for many due to biases favoring certain types of founders.
- There is a need for a supportive community that empowers all entrepreneurs, not just a select few.
- This community would aid in finding co-founders, providing essential knowledge, tools for development, genuine feedback, and growth at every phase.
- The focus is on creating an inclusive infrastructure for builders based on collaboration, rather than clout or capital.
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17 Likes
Medium
3w
334
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Top 5 Mistakes Startups Make When Building Their First MVP
- Start with a simple version of your product to confirm market fit before adding extra features.
- Use strategies like videos, landing pages, or prototypes to test demand before investing heavily in development.
- Choose scalable technologies and frameworks for initial development to avoid costly rewrites as your user base grows.
- Iterate based on user feedback to improve user experience and increase conversion rates.
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20 Likes
Medium
3w
173
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10 ChatGPT prompts so powerful and useful, they feel illegal to use
- 1. Break down core principles for beginners in any industry or topic using analogies and step-by-step logic, simplified for a 5-year-old.
- 2. Be a brutally honest thought partner to enhance thinking by questioning assumptions, pointing out blind spots, and improving ideas.
- 3. Rewrite copy like a world-class copywriter to improve conversion rates, making it punchy, concise, and persuasive using frameworks like PAS or AIDA.
- 4. Psychoanalyze behavior patterns like a Nobel psychologist to identify causes and recommend mindset shifts, habits, or actions for improvement.
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9 Likes
Medium
3w
284
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AI and Prediction Markets: The Rise of the Algorithmic Oracle
- Part 1 of the series explored how prediction markets tap into the wisdom of crowds for accurate forecasts.
- The integration of AI into prediction markets raises questions about the emergence of algorithmic oracles.
- Elon Musk's xAI partnered with Polymarket, utilizing a large language model named 'Grok' and Twitter's real-time data for predictions.
- The partnership between xAI, Polymarket, and Twitter hints at the potential birth of a machine prophecy and challenges our readiness for it.
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16 Likes
Medium
3w
335
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I’m Building a Billion-Dollar Unicorn. Here’s How.
- Every generation has its revolution - from the internet to AI, and now, it's India's time for a decade of growth.
- Steps to build a billion-dollar unicorn: Think big, be delusional (but back it up), outsmart everyone, surround yourself with giants, and use every second as leverage.
- Building platforms like AI-led talent discovery and focusing on solving problems that impact millions is key to scaling impact.
- Network with mission-driven individuals who dream bigger, execute faster, and help in personal growth to build a successful company.
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Insider
3w
185
Image Credit: Insider
AI search's user experience may be the best it'll ever get, says one founder
- Rime Labs CEO and founder Lily Clifford stated that AI chatbots like ChatGPT and Gemini might already offer the best user experience compared to search engines.
- Clifford highlighted the simplicity and lack of ads in AI chatbot responses, reminiscent of search engines in the late 1990s and early 2000s, which she considers the prime user experience.
- Generative AI tools are currently being used for various tasks, with many people, including Clifford, replacing search engines with AI chatbots for quick and concise answers.
- Clifford anticipates that the user experience of AI chatbots may evolve similarly to search engines, with potential complexities arising as more businesses invest in generative AI tools for tasks like search and advertising.
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11 Likes
Medium
3w
379
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How Instagram AI Algorithm Is So Bad That Youth Is Addicted To It.
- Instagram's AI algorithm is designed to maximize engagement and keep users staring at the screen to view more ads, leading to addiction.
- The platform is engineered like a casino with features like infinite scroll, random dopamine hits, FOMO content, and AI-generated recommendations.
- For young people, Instagram's effects can be detrimental, affecting attention spans, self-worth, mental health, and real-world social skills.
- Users pay for the platform with their attention, every action is turned into data, sold to advertisers, and used to exploit behavior for profit, raising ethical concerns about AI dictating human emotions and behaviors.
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