By this estimate we’re roughly 250x off being able to run a 10m user app and 25,000x off being able to run Facebook on chain. And since these systems are open rather than proprietary, we’ll see applications bigger than Facebook. This estimate isn’t perfect because the dApp stack functions differently in places than the current Web 2.0 stack. But I believe it’s in the right ballpark. This is why I believe scalability will be the primary bottleneck for the industry for the foreseeable future.
Running a startup solo was really tough, not only in terms of how much work there was, but it was also really lonely at times. In hindsight, it would’ve been a lot easier psychologically to have at least one co-founder to rough it with and I won’t make that mistake again come next time. At the beginning of my TuneItch efforts, I’d considered bringing on a co-founder, but I knew that choosing a co-founder to found a company with was like choosing a spouse to marry — it had to be the right person. Unfortunately, my rolodex was severely lacking since I was just in college and my only prior professional experience was my internship at Crossfader. Meeting up with Twitter friends has been my primary way of finding like-minded people to bond with, but now I have my eye on also growing my network by building products with other people at companies big and small.
In the same way that boosting sales is an alternative to raising money, token launches can be an alternative to traditional equity-based financings — and can provide a way to fund previously unfundable shared infrastructure, like open source. A word of caution, though: read these three posts and consult a good lawyer before embarking on a token launch!