566: Brian Chesky | Lessons Airbnb Learned to Survive the Pandemic
Airbnb co-founder Brian Chesky joins us to discuss what the company learned while surviving the trials of the pandemic and what's in store for the future.
Gabby Dizon - Mapping the Metaverse Economy - [Founder’s Field Guide, EP. 49]
My guest today is Gabby Dizon, co-founder of Yield Guild Games or YGG. In 2020, Gabby and his co-founders built YGG around the growing “play-to-earn” economy within blockchain-based games. Based in the Philippines, YGG effectively backs players - who might not otherwise be able to afford to play - in exchange for a share of their profits. Today, YGG is paying out over a $1mn US dollars a week to players within its community - largely concentrated in their home country of the Philippines. The play-to-earn model has seen its most rapid growth in the popular NFT-based game “Axie Infinity”. Players earn tokens within the game which can be exchanged into local currencies or be used to purchase more digital assets. For a sense of how this market has expanded, Axie Infinity has already reported over $1.5bn in sales over its history- and nearly $900mn over the last 30 days. The speed at which these games and the ecosystems around them are growing is remarkable. In our conversation, Gabby explains YGG’s decentralized structure, the unit economics of their business model, and how he deals with the volatility of crypto assets when trying to build a durable, long-term business. We also discuss the broader metaverse landscape, how it might evolve, what might derail it, and the technicalities of building a token-based, as opposed to equity-based, business. I hope you enjoy this wild conversation with Gabby Dizon. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by See why brands like Living Proof, Solo Stove, and Nomad trust Klaviyo to grow their business. For a free trial, check out ----- This episode is brought to you by ----- Founder's Field Guide is a property of Colossus, Inc. For more episodes of Founder's Field Guide, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:03:34] - [First question] - What Yield Guild Games is and what they do [00:04:30] - The growing popularity of play-to-earn games in the metaverse [00:06:07] - Major categories of digital assets that exist today [00:08:11] - How players can earn money playing Axie Infinity [00:10:47] - The business model of YGG and what they offer to players [00:12:42] - Potential earnings of playing Axie Infinity [00:15:03] - Possible risks to demand and what the Axie economy could be in a few years [00:17:54] - Evaluating games that are worth investing in [00:19:55] - The kinds of things that will be most valuable across games in the future [00:21:37] - Differences in value between cosmetic and utilitarian in-game purchases [00:23:04] - Key focuses of YGG over the near future [00:24:47] - What’s different about labor and capital in the metaverse [00:27:11] - How tokenomics works and value grows for a DAO [00:29:02] - Ways DAOs are better or worse than traditional equity tables [00:30:11] - The state of YGGs economics today [00:31:16] - The Guild’s player retention and growing their scholars [00:32:54] - Barriers to entry for building a competitive DAO like YGG [00:34:14] - What made Gabby so interested in crypto originally [00:36:38] - His personal journey to crypto games [00:37:53] - Jobs that may carry over from the real world into the metaverse [00:39:36] - Companies that will arise focusing solely on in-game item creation [00:41:18] - Base layers of infrastructure needed to create the best future for crypto gaming [00:44:32] - Shared qualities between games that have a high replayability rate [00:46:40] - Good and bad tokenomic ecosystem designs [00:48:17] - What the biggest risks are for the future success of crypto gaming [00:49:26] - What factors will ensure the future growth and adoption of crypto gaming [00:50:25] - How much fiat flows through Axie and the growing value of in-game assets [00:52:05] - Whether or not we’ll see purchasable utility items in the future [00:53:21] - What he’s most excited about for the future of the metaverse [00:54:52] - The kindest thing that anyone has ever done for him
EGD 092: Ben Cousens, Lakestar
In this episode, I'm talking with Ben Cousens who is an investor at Lakestar Ventures. He follows the worlds of gaming and crypto very closely and has backed a number of very exciting companies working at the intersection of gaming and crypto. In this episode, we talk about how Ben got excited about crypto, why gaming is a natural place for Bitcoin, how Ben got involved with
7 Podcasting Hacks for 2021 #1767
In episode #1767, we give you our top seven podcasting hacks for 2021. Podcasting is blowing up right now and there is still so much room to grow. Using these seven hacks, you can make sure the efforts you are spending creating a great show get the reach they deserve. Join us today and learn about how to increase your audience using email blasts, competitions, advertising, and more! TIME-STAMPED SHOW NOTES: [00:25] Today’s topic: 7 Podcasting Hacks for 2021. [00:38] Take a look at your analytics using Chartable. [01:22] Climb the charts and get more downloads using email blasts. [01:52] Do whatever you can to get more reviews. [02:33] Find ways of getting more downloads such as competitions. [03:05] Advertise your show on other influential podcasts. [03:50] Join a podcasting network. [04:21] Get onto a podcasting subscription platform. [05:11] Go to marketingschool.io/live to hang out with Neil and Eric in September. Get ad-free listening plus exclusive content with Marketing School Pro. Try for free at Links Mentioned in Today’s Episode: Chartable The Jordan Harbinger Show Leave Some Feedback: What should we talk about next? Please let us know in the comments below Did you enjoy this episode? If so, please leave a short review. Connect with Us: Neilpatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu
How to spend money to buy happiness (with Michael Norton)
Can money really buy happiness? Michael Norton is a social science researcher who studies how we feel about our spending decisions. His work explores questions like: What’s the best way to spend your cash? How much should you donate to charity? Do credit cards make us unhappy? In this episode, Michael shares the sometimes-surprising findings that can help you use our money to improve your life. Michael is a professor of business administration in the marketing unit at the Harvard Business School. Prior to joining HBS, Michael was a Fellow at the MIT Media Lab and MIT’s Sloan School of Management. His work has been published in a number of leading academic journals and has been covered in media outlets such as the Economist, the Financial Times, the New York Times, the Wall Street Journal, and the Washington Post. To learn more about "How to Be a Better Human," host Chris Duffy, or find footnotes and additional resources, please visit: go.ted.com/betterhuman
Hash Power – Ep. 3 - Funding, Forking, and a Creative Future
In episodes one and two of Hash Power, we explored blockchain technology and cryptocurrency investing. In this episode, we discuss the current and potential future states of the crypto world. We cover new forms of cooperation, regulation, security and storage, and why blockchains allow systems to evolve at such a rapid pace. Be sure to listen until the end, where we close with some advice about conducting ourselves in a new world where creativity reigns and repetitive jobs disappear—a trend that may only accelerate thanks to blockchain technology and cryptocurrencies. Hash Power is presented by Fidelity Investments For comprehensive show notes on this episode go to For more episodes go to To get involved with Project Frontier, head to Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at Follow Patrick on Twitter at Show Notes 0:05 – Intro to episode 3 and what to expect 4:00 - , founder of 5:00 – How people are creating holding companies to fund cryptocurrencies protocols 6:45 – Decentralized Autonomous Organization (DAO) and how they will replace the aforementioned holding companies 8:32 – Could fully decentralized organizations replace other more traditional organizational structures, even outside of crypto currency 9:59 – How can DAO’s impact everyday lives 12:39 – Why your skills and accomplishments will become more important than who you are or where you are from 15:38 – 16:09 - , CEO of 17:51 – When people will demand oversight and regulation over crypto currency 20:42 - , Director of Research at 26:06 - on security needed to protect your cryptocurrency 26:22 - 27:51 - , co-founder of 30:03 – explains the 35:52 - , co-founder of 38:01 - Comparing blockstack to the analogy of creating a city 40:17 – How the blockstack token fits into everything 43:15 – , co-founder of 47:52 – Naval Ravikant on how the idea of work will change in the future, and how that change helped to produce the idea of a blockchain in the first place. 49:31 – Why curiosity should govern what you do in life 53:22 - Naval’s framework for making money Learn More For more episodes go to Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at Follow Patrick on twitter at <a href= "
Hash Power – Ep. 2 - Investing in Cryptocurrencies
In episode 1 of Hash Power, we explored blockchains as a technology—how they work, why tokens (also known as cryptocurrencies) are an integral part of any blockchain, and how these new networks might change the world. In episode two, we spend time with the leading investors in the field. Like any frenzied asset class, there are countless cryptocurrency hedge funds popping up everywhere. But founders from three of the original firms—Polychain, Metastable, and Blocktower Capital—are our primary guides this week. As I speak, the total market cap of cryptocurrencies is $136B. There are hundreds of tokens currently available, but bitcoin and Ethereum represent 75% of the total market cap. $136B sounds like a big number, but its tiny relative to any other asset class—and I use that term with hesitation. To put it in perspective, that’s exactly the same size as the market cap of IBM. But IBM had more than $10B of earnings in 2016. Tokens have none. As you will hear, valuing tokens is a very hard exercise. In such a nascent world, we are seeing investing strategies take hold. Olaf Carlson-Wee, Josh Seims, and Ari Paul walk us through different takes on cryptocurrency investing, be it early stage, long term buy and hold, or more hedge fund style strategies. Hash Power is presented by Fidelity Investments For comprehensive show notes on this episode go to For more episodes go to To get involved with Project Frontier, head to Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at Follow Patrick on Twitter at Links Referenced Show Notes 0:05 – Recap of part 1 and introduction to part 2 of Hash Power 2:58 – , CIO of 5:23 – Why do we need bitcoin 7:23 – founder on why the value of tokens accrue 9:23 – How main stream money is getting into this space 12:26- Useful comparisons when talking about ICOs when compared to IPOs 15:01 - , CEO of 17:43 – Naval’s interest in investing in cryptocurrencies 18:42 – Why average folks should avoid it before they dive thoroughly into the topic 20:25 – what are the most compelling counter arguments to using cryptocurrencies 23:07 - Olaf Carlson Wee on the lifecycle of a token 24:02 – SAFT note, Simple Agreement for Future Tokens 25:31 – What is the earliest stage that edge is most present for investors in cryptocurrency protocols 28:12 – How do you mitigate the volatility that is present in blockchain 31:18 - , a risk and statistics expert, who runs risk management for a large private family office, talks about why he no longer owns cryptocurrencies 34:19 - , a venture capital investor, is optimistic about blockchains in general, but thinks there may be some overvaluations in current currencies 37:02 – How Jordan would value a single cryptocurrency 42:10 – 43:52 - , of 51:15 - Ari Paul on the equivalent of listed stocks in the crypto currency world 52:33 – Understanding the concept of a coin in blockchain and how people are getting access to them 55:07 – The fairground analogy to understand cryptocurrencies 57:57 – What lessons from traditional markets can you apply to investing in cryptocurrencies 1:02:48 – Where do family offices stand when it comes to jumping into this space 1:06:51 – Ari is asked to discuss some of the alternative cryptocurrencies outside of Bitcoin and Ethereum. He starts with Ripple 1:10:27 – What would help firms or traders create edge in investing in cryptocurrencies Learn More For more episodes go to Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at Follow Patrick on twitter at <a href= "