Both me and my partner, Harrison, we slowly move from having a little bit of exposure to crypto to very suddenly having like 99% of our savings and wealth in crypto. And we saw a huge dump almost immediately after we jumped in and it was very, very scary. And then that forces you to really challenge your own assumptions about the space and really like rethink am I In the right space?
It's like that kind of questioning, because you're not doubling with other people's money, you're dealing with your own money. It's another level of scrutiny that you have towards the market and we luckily stuck it out and said no, no, no, we we do really truly believe in this for you know these reasons. These assumptions have not yet proven wrong. So we're going to stick it out and you know the market turned and we had a massive bull run and and that was a lot of fun and then you maybe get a little more risk seeking. So you dare to go down the kind of speculative route a little bit more, you jump into some, you know. More speculative altcoins and still do a lot of due diligence.
I think the fewest investors are actually users of the products and the fewest investors are especially users of DeFi. I don't think there are that many. So what we did come across was a lot of investors would say ya, I know we totally get defi, but when you really dig into it, there aren't that many that really truly gets defi because they haven't experienced a lot of the pain points. So it's they understand it in concept and in theory, not in practice.
But I will say that it's not too hard to explain the opportunity and then it was fairly easy for investors to get in. Then it just becomes a question of do they believe in the fact that users want to borrow against their crypto and do they think it's a big enough pain point that they were willing to invest in it because it does assume that there are investors out there that hold assets that are maybe not.
For More: WTF Is... DeFi
We technically had all of our commits before the bear market really took off. I think if we had just been three weeks later out in the market, it would have been a lot harder than it was to close that round.
I don't think I can sit here and say that I have managed that super well to be very honest. It's a really, it's a challenging time. I also have a kid, she's 10 months. So you know on top of kind of figuring out how to be a mom and and on the personal front you also are kind of dealing with the bear market, you are dealing with a DeFi company in the space at this crazy time, a great time to build, but also you know, a challenging time and so I think I've learned to let a lot of things fall through the cracks and be OK with it. Like the household, it's not the spotless standards that I would like it to be. But I'm also just kind of accepting that that's just the way it is right now and then trying to find help to manage those things instead. Because I realized I definitely couldn't keep everything up the way I would like to.
This is not financial advice. If you don't want to spend money investing in crypto or Web3 — you don’t have to. The intent of this article is to help others educate themselves and learn.
