What Should Startups And VCs Build? How To Make Money In Post-COVID-19 Times

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Top Highlights

• Last year, the burden of federal regulations imposed on Facebook prevented the company from launching its new digital currency alongside the network supporting it.

• Everyone understood the inevitable uniqueness of the emerging innovative tech branches, but nobody wanted to wait for governments and industries to make the shift toward this direction.

• The real estate market and proptech companies are in an ambivalent situation: the market is alive but uncertain, and the demand for more digital transactions is surging.

• However, complete digitalization of the real estate space is only the first step. To fully meet the needs of consumers, modern-day companies will also need to face and tackle other challenges.

• One such challenge is affordability.

• It is obvious that if a housing crisis develops and sales stop, software products will not be in demand until the market bounces back.

• The ugly truth is that inventors and VCs in the blockchain space are hunting for overhyped newborns that can potentially make 10x ROIs within several years

• The doors for hype and speculation are wide open. However, our focus should not bypass the core human principles of improving the quality of people’s lives.

• We should be focusing on products that can make a change tomorrow or next year, not just the products that can make a change 10 to 20 years down the road from now.

• The focus should be on how one investment or technology can make the lives of people better and of higher quality, especially when we witness how fragile our world is when confronted with a devastating pandemic.

• These key individuals can start learning about and working on consensus mechanisms that blockchain technology is capable of offering

• What we are building often depends on venture capitalists like Andreesen, who are betting on the future that they foresee. Depending on the decisions of these VCs, the journeys of many inventors and entrepreneurs will be affected for the years to come.

• The venture capital industry, which has been driving innovation alongside entrepreneurs, can improve.

• the major problem with the ICO model was that it was too immature and opportunistic; it had a lack of limitations and a lack of control over valuations, exchanges, and the sizes of capital that were raised by founders

• Money is an effect, not a cause. Building useful products will not only make society happier and safer; it will also make money for everyone involved. We just need to figure out how to fix the system to make it focus on “usefulness.”