Digital Social Hour - Tough Childhood, Crypto Market Predictions & Involio I Cy Watson & Ryan Pace DSH #455

Episode Date: May 5, 2024

Cy Watson & Ryan Pace comes to the show to talk about tough childhood, Crypto market predictions & Involio APPLY TO BE ON THE PODCAST: https://forms.gle/D2cLkWfJx46pDK1MA BUSINESS INQUIRIES/SPONSO...RS: Jenna@DigitalSocialHour.com SPONSORS: Deposyt Payment Processing: https://www.deposyt.com/seankelly LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript
Discussion (0)
Starting point is 00:00:00 It was meant to be a stable coin. If it went above $1, they would rebase the token holders. So if it went up to, say, $1.10, they would rebase, I think it was 5%. It was manipulated and it got up to like $3 something. Wow. And they rebased all the holders? Yeah, every day. Wherever you guys are watching this show, I would truly appreciate it if you follow or subscribe.
Starting point is 00:00:24 It helps a lot with the algorithm. It helps us get bigger and better guests, and it helps us grow the team. Truly means a lot. Thank you guys for supporting, and here's the episode. Welcome back to the Digital Social Hour. I'm your host, Sean Kelly. Here are my co-hosts, Wayne Lewis. What up, what up? And our crypto experts today, Ryan Pace and Cy Watson. How's it going? No complaints. Thanks for having me. Thanks for having us on absolutely man I'm excited to talk crypto how did you guys get into crypto like what year did you guys so I got in late 2015 early 2016 started to take it really serious and kind of just ran with it
Starting point is 00:00:56 yeah kind of bitcoin yeah it could have been a little I mean I was in like 2014 but kind of doing the same thing that I just looked at as a payment sort of thing as i think most people did and then in late 2015 i had a friend i started a facebook group when i was really young for reselling supreme and one of the more notable guys in there came from a really wealthy family he said his father promised him ethereum would be a thousand dollars by the end of the year and funny enough it had a thousand dollars the day after new year's so i he told me that and i didn't have many uh wealthy friends at that time so i just kind of ran with that i had five grand saved up and but 500 in a couple days a couple days later ethereum
Starting point is 00:01:31 had almost doubled so i just threw every single dollar i had it that's wild there was this kid in my school how much was it at that time uh when i threw everything in i think it was 11 maybe 12 wow ethereum was 11 yeah jesus there was this kid in my high school in 2014. Everyone made fun of him. Super nerdy kid. That's what happens with crypto people. But, uh,
Starting point is 00:01:51 he told me to get in like Bitcoin mining and everyone made fun of him. I was the only one who took him serious. So I like bought some and I wish I still had it. It would have been worth a lot now. Yeah. But like, I know, I know a guy in college,
Starting point is 00:02:03 uh, this teacher is a accounting teacher had the whole class by 10 bitcoin i think he said it was only like 10 cent at the time what and people bought it he still has i think he i think he spent i think he has like a thousand oh wow yeah yeah he never sold them there's some crazy stories yeah you never saw people getting it early and blowing it yeah yeah bitcoin pizza guy have you heard oh yeah yeah that's a classic yeah another the other guy that i lost is uh this was his uh keywords yeah yeah and he hired a whole bulldozing team though and then they found it did you see this no oh they oh they did so they found the ledger but it was bitcoin cash not bitcoin so he lost money so he spent a million digging all those
Starting point is 00:02:46 holes found it and it was bitcoin cash it's like a coin like whoa that's horrible yeah yeah i've never been to a coin with bitcoin cash for sure you guys dabble in altcoin coins and stuff too not so much the coin wave but yeah i've played pretty much only the alternative market i was never a bitcoin maxi i just for the simple reason that who the f*** is Satoshi? And it just always felt weird to me. I understand why people are Bitcoin maxis. But yeah, I mean, I sold Ethereum early. I sold Ethereum around like $350 and then down to like $250 when it was crashing amidst that first run.
Starting point is 00:03:20 You made a 300x on that. A little. um you made a 300x on that uh a little but i the first big win um was ant shares which rebranded to neo and that was the first one where i like actually held through 100x um she was super super happy on that 100x bro that's life-changing if you catch one of those you're set especially if you catch that bottom floor at the floor price well i completely fumbled in 2018 as i think most people did. Like when I got in, like I got in at kind of that perfect time where it was just this exponential growth immediately.
Starting point is 00:03:52 I didn't really know what I was doing. I had spent time researching, but didn't understand market cycles by any means. So I had a huge win on AntShares and a couple other smaller ones. I was whatever, whatever. And held up to uh i got in a dollar 96 i was like 220 and then all the way back down to i think like five dollars jeez i've never gotten any that was floor price i mean like literally got it early like super early yeah my main fraction of a penny yeah i got into i've had a list of wins like i got solana at 68
Starting point is 00:04:23 cents sold it early i'm king sold early like if i had held my solana to peak it would have been like 90 million but it also crashed so it's all yeah it's it's impossible to time yeah i mean i sold it like i think 16 to 18 dollars which was pretty fucking great um it went up to 300 right yeah jeez so i mean it's great as subjective right wait so so you would have made 90 million as you would have held yeah holy crap yeah at peak yeah and i've had other situations like that too like i i was really really early into avalanche uh sold that pretty early as well um and then my biggest one my biggest one ever was something called ampleforth which i guess pretty much was a coin it was meant
Starting point is 00:05:00 to be i haven't heard of that one yeah it was meant to be a stable coin and essentially if it went above one dollar they would rebase the token holders x amount so if it went up to say a dollar ten it would rebase i think it was five percent and they got it up so it was manipulated and they got up to like three dollars something wow and they rebased all the holders yeah every day so it was every 24 hours if it went under it would be a negative rebase i.e. you would lose money um but it was such a manipulated token that it stayed above for a little over two months um and i didn't hold all the way through but i got a 77x on that geez just under a month which was absolutely these numbers are unheard of in any other industry crypto is like the only place yeah yeah but people still knock it though it's still taboo and it's it's disgusting to me because it's like i don't know
Starting point is 00:05:44 if they're trying to manipulate the people to get to weed people out so that they can take over because the more people that actually sell and they dump their coins you get jp morgan and everyone else coming in secretly buying it's like you guys i mean what's going on here it's like they're telling you to leave the party so they can come well there's the good parts of crypto and the bad parts obviously like there's you know it's really easy to lose money it's easier i think most people lose money yeah for sure you know i have a lot of people who say like my bread and butter has always been early stage or like pre-seeds i'm just holding until i feel comfortable getting out um trading crypto is hard like uh i've made systems to either you know be advisory systems for me to manually trade or automate it.
Starting point is 00:06:26 But a lot of people play the casino, as I like to call it, with 50x leverage. And I've heard horror story after horror story with that. And then phishing scams and whatever else comes with it. Rug pulls. Yeah. I mean, there's definitely a very dark side to this market. So I understand why people hate it. i call it a sham market myself like uh i think uh a lot of people try to compare crypto to stocks in which you kind of can't like you're not betting on a company's
Starting point is 00:06:54 revenue like the i think avalanche is one of the better projects in the entire space i think if anyone's going to kill ethereum it'll be them no one cares you know like people care about the shiny dogecoin and uh it's just all intrinsic value and it's like i think if you want to do well in this space and it's a corny answer you have to uh just be able to spot trends early and understand like where people are gonna yeah but that's like the number one that's the that's the number one thing everyone says you gotta understand the trends you have to understand dumb money in this space like i think it's the truth like i think everyone wants to say like like, oh, you follow the smart money, which, like, in certain cases, you absolutely do.
Starting point is 00:07:28 But you have to follow the smart money because they're smart money. Yeah. If you're doing, like, pre-seeds or buying into an ICO or something, like, it has to be smart money. And dumb money isn't really in that space. But if you're buying something, like, one of my friends just, I wouldn't say got rich, but made a pretty obscene amount of money on Pepe. Oh, yeah. Dude, I know a couple people that did. We know a guy yeah six figures yeah and then it's like uh the same thing with the shitcoin market like it's something i've knocked for my almost eight years
Starting point is 00:07:53 in this space and i realized recently like i'm a little silly because one of my friends got me into a meme coin recently and it did pretty well and it's not like i made millions of dollars on it but it was very small amount of money to a pretty large amount money and I was like oh okay maybe I'm it'd be like that with those meme coins the only thing with coins that you can get locked in them yeah they don't allow you to sell them that's why I fitted it off like I think coins are a great way like if you're coming into the space with call it fifty to five hundred dollars like you should be doing yeah you should be doing yeah like you're not
Starting point is 00:08:25 gonna get your experience up don't buy bitcoin yeah you won't make anything off bitcoin you're gonna lose and be really upset after the year you spend in this space um but once you pass that seven eight figures mark like there's just no point because you're trading a liquid tokens and what are you gonna you can throw ten thousand dollars but i can make the same returns on you know seven figure trade on something that's liquid absolutely for. For sure. Now, do you guys see crypto bouncing back into a bowl with all these regulations from the SEC going up their Coinbase, Binance? Does that scare you guys at all? Yeah, absolutely. I think I do think the world is a little bit unstable, like outside of crypto as well. And I'm definitely not betting on any crazy momentum the next six eight months um i'm mostly
Starting point is 00:09:05 stable right now um but i do think in the next two years we'll have our final run and i don't think oh final run so yeah i don't i mean i'm sure people will hate me for saying that um but yeah i don't think we're gonna last that much longer i don't think the government wants us around um like there's i'm sure you guys have seen the narrative that xrp is going to be the banking coin are you guys familiar with the family and the diamond facade no so the diamond facade is about how the de beers family uh hoarded the diamonds in the initial findings of it and essentially hiked the prices and they created a marketing campaign around it that i can't remember it was like you have to a man should save three
Starting point is 00:09:44 months of wage to buy his wife a wedding ring or else it's not worth it and you're cheap whatever whatever and that was entirely a marketing facade to just pump the price of diamonds and xrp has no real ties to any form of banking um and i don't think any u.s or foreign banks would ever attach a private company, a privately owned pumpable company to the banking system. I think if anything, they'll just do CBDCs and run it themselves. And so I think it's a lot of things like that where there's this huge narrative that crypto is going to change the world. And frankly, I've never really believed that. I think it's a great way to make money and it's it changed my life i grew up uh really with pretty much rock bottom and if i hadn't gotten into this space i have no idea
Starting point is 00:10:30 what i'd be doing today um so you don't believe that is i don't believe it's i haven't heard change the world but change the banking system um yeah i don't really agree you don't agree with that why because we're already doing c CDBCs and central digital banking currencies. And I think if anything, like the government don't, like it's all privately owned currencies. Like there's no reason. I think maybe aspects of blockchain will be brought over. And I think in that sense, like it absolutely can and probably will. But that doesn't mean XRP is going to go to $100, whatever people price it at.
Starting point is 00:11:06 It'll be something in-house under each government. And I think the technology behind crypto will prevail. I just don't think, I think it'll be an untradeable market. I think in the next two to three, four years, the SEC and I think foreign governments as well are just going to make this impossible. At the end of the day, no government wants people to be able to turn $500 into a million. It's just not something they want. On top of that, it's kind of free roam. People can do whatever they want.
Starting point is 00:11:34 They don't need too many rich people. It'll disrupt the economy. You can't have an economy when everyone has a million dollars. There's been so many obscene financial tragedies like FTX, luna um did you guys have any money in those no that's good i've evaded pretty much every black swan so far you knew from the start it was bs yeah oh no i wouldn't say that um i'd never liked sam uh i thought he was a dickhead you said you never liked sam no like you met him like never liked him like they had red lobster he him, like never liked him. Like they had red lobster. He was rude.
Starting point is 00:12:06 Well, he was just, he was one of these kids who like seemed to say like, oh, I'm this mega genius. And he got rich off of arbitrage. And I know a lot of people who got rich off of arbitrage. So explain arbitrage for people that don't know. When you're buying on one exchange and selling on another for a different price and doing it back and forth and back and forth and back and forth. I mean, in 2018, my friend made an arbitrage bot, and I used it for a little bit. It was working really well, and like all kind of algorithmic systems in this space,
Starting point is 00:12:30 like it'll last for a while, and they kind of just stop working. Right, you take advantage of it, and then you move on. Yeah, but Sam was no special duck. So I was never a fan. He got to kind of be special a little bit to get his money. How much money did he make off of it, or did he? He said it was a lot yeah it was an obscene amount he gave the government a loan yeah he donated tens to millions of dollars
Starting point is 00:12:50 he was buying it no i think in asia right i think he just knew how to play the raising capital game very well or he could raise a ton of money and build the brokerage get the biggest names involved and then but ended up not running it correctly yeah it's not to say that he wasn't someone special um it just i i never thought he was as great as he and others proclaimed him to be but no i didn't see the fdx crash coming i'm not going to say that so if you ran fdx how would you run it there was some video i watched of him he donates half his money or something that was cash no he donated a lot of money you think so well he donated a lot to um government institutions and i think they're working they're working in cahoots that's why he's not going to jail i meant
Starting point is 00:13:35 donate to like charities not governments but yeah i'm sure he did donate some i don't i don't know the numbers that's why the news will never go after him yeah yeah he gave him a ton of money he's not going anywhere. Peace, cool. He's chilling. Yeah, and then Terra Luna, like, same thing. Like, I didn't, by no means did I say, like, Terra Luna's going to go to zero, but Doquan has always been a fool. Yeah, I got wrecked on Luna.
Starting point is 00:13:56 I got wrecked on Celsius. Didn't have anything in FTX, but Celsius caught me off guard. Yeah, Celsius was, I had a lot of friends get hurt. Voyager sends out notices to people every day. They're doing some kind of like comment mechanism it's actually working they send out updates every day oh you're going to get your money on this day the day keeps changing it went from february just no one's getting anything yeah but they just i've already wrote off the loss i told my calendar right they're updating people every day like voyager is like super proactive about communicating it's like even when you hit them up they'll respond ft day like voyager is like super proactive about communicating it's
Starting point is 00:14:25 like even when you hit them up they'll respond ftx bought voyager right i don't know i believe they had stake in it yeah yeah i don't know wait so how did you guys meet yeah i uh i started in volio um it's like a verified social investing platform a year and a half ago just kind of had the idea for it got a team together raised 1.4 million of venture capital nice and um wanted to better understand the hard side of the network before we're building so just to give that example um the hard side of network for wikipedia is how do you get someone to write content for free that's the hard side and if you get enough people writing content there'll be people to view it how did they pull that off that's a good question that's yeah they understand network effects very well um but people are passionate about writing those articles on
Starting point is 00:15:12 wikipedia bro mine got taken down yeah but you can rewrite you can change a wikipedia you can do whatever you want to but it has to get approved there's like a leveling system yeah but i wanted i wanted the hard side of the network i really wanted to work with someone like that and size the best there is. Nice. So are you interested in coming on the digital social hour podcast as a guest? We'll click the application link below in the description of this video. We are always looking for cool stories, cool entrepreneurs to talk to you about business and life. Click the application link below. And here's the episode guys. Talk to hit them up on Instagram, started talking and then been working together for the last year. Going back to the raise, a lot of people struggle with raising money. So you raised 1.4 million.
Starting point is 00:15:53 Yeah. What would you say contributed to that success? You have to. So I'm going to use this example. You guys know drop shipping? Yes. So when you become really good at dropshipping, you can start finding products and say, this is a winner or not. And you're pattern matching. You're saying, I've looked at 100 products before. I've tested some. And as you start testing more products, you can start to see, okay, this is a winner or not. So pattern matching the 100 products you've seen to the one you're looking at now. And it's the same way venture capitalists look at founders if they they talk to if you're if they're good vc they've made 50 to 75 investments and three have become billion dollar companies so they're pattern
Starting point is 00:16:34 matching you with a billion dollar founder does this founder and does this company remind me of the founder that has had a billion dollar exit right so the way i was able to raise it was i spent around a year before um becoming obsessed with learning from founders that have had venture scale so when you're around them you learn to see what they're focusing on they're focusing on network effects this that and the third so when you go to talk to a vc right now you understand the exact what exactly what to focus on um how to speak the length the lingo you're in the circle and now you're you're talking similar to the way a brian chesky the founder of your talker reid hoffman so somebody that they're familiar with already so that they feel comfortable
Starting point is 00:17:15 giving money so it's almost like they're giving it to the same person from a voice standpoint and selling standpoint but it's you exactly so it just it was more of a year of reading every book that reid hoffen or the founder of linkedin and just listening to all these tier one founders and vcs speak and then you know exactly what they're looking for how to speak how what to focus on and then when it times to when it comes time to raise from a vc easy they they're like this is it this is the next thing wow so so he just gave everybody the business plan yeah yeah so we were we showed our lead from kremp weiss who was uh he created a billion dollar company um raised 200 million from the tier one vcs and then he was the one that led
Starting point is 00:17:57 our round wow yeah and when someone that big leads around it's easy to raise their ass right it's it's high signal so like every round after that um it's easy because i know he's in other funds that you guys did that so it definitely helps um but you do have to hit those numbers nice and how does envolio make money so to give a quick rundown on it so we're the first verified social investing platform where you can share trades across multiple asset classes so one of the things we wanted to focus on was there's so many people in the space that are claiming they're the best the best crypto trader best stock trader follow me pay for my course right but and there's no way to verify it so right now if i go on size page on the involio app he's taken 70 something
Starting point is 00:18:43 trades and hasn't lost one wow you can see his open trades and his close trades. Wow, it ranks you. Yeah. Yo, that's dope. Kills the cap. Yeah. It kills the cap. Yeah, a lot of people.
Starting point is 00:18:54 A lot of people not going on that. Not going on that. The cap killer. Yeah. Bust a cap. Yeah, so if he takes 70 trades and he hasn't lost one, you know he's taken 70 it's you can't delete it you can't edit it wow so so that's like oh okay cool he's a verifiable guy
Starting point is 00:19:11 i want to work with him i want to pay him yeah so you can learn and fall from these people we're also one of the first platforms where the price target at hold time is with every trade so when he buys a crypto trade yeah you get the notification he entered. Let's say it's Bitcoin. He says it's gonna be a 30K in the next two weeks. So now you know exactly the plan for the investment. And then when he closes it, you also get that notification. So we're right now-
Starting point is 00:19:33 Wow, so you get to follow their whole process. Sounds like a money printer. If you just follow the right people. My buddy just bought a house from following someone's trades for two months. Are you serious? Yeah, because there's- He followed his trades?
Starting point is 00:19:44 There's him and three or four or five other guys that are trading that have taken 50 plus trades with a 95 and this is crypto style crypto stocks nfts forex 95 win rate why wouldn't you follow someone without win rate it's redefining the vision of success in this space like right now that number can't be manipulated you absolutely cannot delete a trade you share. So if you share a trade and it sucks and it loses 90%, you can't delete that. That'll go under closed system. But you're inputting the trader information. It's not linked to no app or anything like that. Yeah, as of right now, it's entirely paper trade.
Starting point is 00:20:14 But we are in the process of building out API access so users will be able to attach to, called Binance, Robinhood, whatever they choose, and be able to, on the creator side, be able to create, manage, and execute their positions from the app itself. bulletin dashboard. So you guys are going to implement the API so it can attach itself to whatever platform now you're using.
Starting point is 00:20:33 But would you have to get approval from the other platforms or partnerships? Yeah, but they're all really open to it. I've already talked to a couple of them. It would help them bring business, probably. Exactly. It's in their benefit. And then hopefully down the line, we'll do a brokerage. But for the beginning stages, just for ease of access,
Starting point is 00:20:50 it takes a couple minutes to plug and play your API from Binance into the app and then be able to just auto-follow whoever's doing well. Wow, dude. That is sick. It's a great product. And one of the things, too, when raising from these VCs, they're looking for an Airbnb or Uber type exit. And we're doing that by when we have this brokerage, this API is giving anyone with Internet access the ability to be financially free.
Starting point is 00:21:16 Because now you're going to be able to go on an app, find traders across different asset classes with these super high win rates. Put $100 in an account, click follow, and it'll take every trade they take without you doing anything. Y'all. So that $100 will be spread out through everything that they do. You're almost your own fund. So it is,
Starting point is 00:21:32 it's truly going to be the largest distribution of alpha the world's ever seen. Right, and automation. Yeah. Because you're not touching anything, so you don't even have to learn how to trade.
Starting point is 00:21:42 Yeah. So it removes the fact that you even have to learn, be taught, even speak to someone. the system is automatically doing it it'll it'll be easier to make money in the market than like ordering food at mcdonald's you'll literally just join you'll wake up and be done right click follow and you can put as much money in any different trader and it's not just uh in terms of financial freedom it's not just for the following side like they're as of right now like anyone can go or not anyone but most people can just go rent a lamborghini and say like hey buy my a thousand
Starting point is 00:22:07 dollar course and a fake watch whatever it may be and just claim to be the best and you don't get to see how good they actually are until you're past that thousand dollar paywall whatever it may be and we've already had someone this kid out of spain who i lightly mentored when i had just my telegram and discord a couple years ago who has one of the craziest stories i've ever heard ever crazier than my story i think like uh i had a strategy back in the day, where essentially, I would say, listen, this is a very volatile market. If you want to trade it, you should focus on doing very, very low leverage and aim for two to 3% every single day and try to compound it. Obviously, don't be too aggressive. If it seems like it's not gonna be a good day, don't
Starting point is 00:22:41 enter. But it's a very time consuming process. it's very hard to stick with that for so long and I didn't stick with it for that long I stuck with it for a year I think it was one of the first big turning points for me outside of like long-term holdings but this kid who's on our app w the investor had done that for I want to say like four or five years and just like completely stuck with it and I hadn't really chatted with him he would text me like every six months on my birthday we had the same birthday funny enough and just say like I love you so much thank you you'll never understand like how amazing you are and I finally asked like dude like how much money did you make he's like telling me like yeah I bought my sister a house I retired my parents he's sending me pictures of watches he bought his dad rings he bought for his
Starting point is 00:23:24 mom like it was just like holy and like he he doesn't have an instagram he doesn't do any of that um has no social presence he's posted what 50 trades in the past month yeah he's taking like 120 or 30 total yeah what's his win rate lost like 10. probably 93 win rate so it's like for someone like that who like doesn't have the bandwidth to go rent a lamborghini or whatever and try to sell their course like and they still want to do something with their information like you can do that it's redefining the way people view success in this space like instead of having these flashy social grabs it's how good are you on the track yeah the numbers talk track yeah not the materialistic yeah because right now you don't
Starting point is 00:24:01 know who's a guru who's a scammer who's a scam who's the best you you don't know who's a guru, who's a scammer, who's a scammer, who's the best. You just don't know because everybody look alike. And I look at Involio as like a validity platform where it's hopefully down the line. It'll get to a point where like if you're one of those guys selling a course on Discord and you have no play on Involio and we have the users to argue that you should be there. But I'm just going to assume you're not real and that you're selling some BS course, whatever it may be. And, you know, I think a couple of people have been so interesting. I like that.
Starting point is 00:24:28 I love this. Is it an app or website? Yeah, it's an app right now. We'll be releasing a web version in the next few months. Nice. And then yeah, API has done the line and the brokers,
Starting point is 00:24:37 we're just trying to, right now we're lowering the friction to getting the market, making money, but you can easily find top traders around the world, follow their trades, get the notification. And then again, we'll just take it one step further when now you don't even have to follow the notifications you can just put the money in the account yeah so that way the whole world can use it it's not a lot of people are crypto savvy exactly yeah so so there's ai
Starting point is 00:24:57 implemented in there too right because of the um automation aspect of it? There's no AI into the automation aspect. It's just plug and play. So if I'm taking a trade on my Binance account or doing it from the Involio dashboard, it'll just go to all of my followers and it'll enter automatically. Well, no, I'm saying when it comes to when you guys implement the API aspect
Starting point is 00:25:20 to where when you put money in there, it kind of spreads your money out. You'll be able to choose. So let's just say you'll join the app. You'll see here's the top performing traders. Here's the leaderboard. It's going to be probably right now. It's like 10 people with 90 percent win rates across different asset classes.
Starting point is 00:25:36 And you'll just be able to choose. I want to put money in this guy, this guy, this guy. Follow. And then it'll just start taking every trade they take in your account. And let's say they're following me. If I'm taking a trade on Ethereum and I'm allocating 10% of my portfolio, then if they have $100, it'll allocate $10. Wow, so does it profit split with the leader or no?
Starting point is 00:25:55 That would be illegal in the U.S., right? Yeah. It does? We have licensing behind us, but no, we're trying to keep this as accessible as possible and we don't have any means to do profit shares like if someone chooses to monetize in-house and charge a hundred dollars for that subscription they may as well okay so is the leaders can have they can charge whatever
Starting point is 00:26:15 they want yeah and for the creators out there essentially what we built is the strongest landing pitch possible because right now the way pretty much anyone in the space uses Instagram or Twitter, it's a verification tool. Right, right, right. Like, look, this is who I am. Buy this, watch this. Here's an ad, right? Yeah. And what we did when building this was focusing on
Starting point is 00:26:33 how do we create the strongest landing pitch possible for the hard-sided network to want to come on. And we've built that out. And once that monetization comes in, instead of saying, here's the Lambo, go to the website, pay for something, get access to the Discord, it's gonna be, here's my closed history.
Starting point is 00:26:50 I've taken 70 trades, 80 trades, 100 trades, and lost one, two, five, 10. Pay for the open trades. So that conversion rate's gonna be much higher for any creator that wants to come on and start monetizing. Because it's like, why wouldn't you pay money, this guy's taken 100 trades plus three and they'll be able to have all their links and everything in there where you can find them out
Starting point is 00:27:10 they're gonna put only fans out of business yeah it's like only trades yo that's crazy what's next for you guys a billion dollars get to our series a hopefully get a 150 mil valve something yeah so you're gonna raise during this bear we're raising we're closing around right now um it'll be led by the former head of revenue at snapchat wow yeah that's nice yeah so he's leading this next round um partnering with some big names and then have you guys brought in revenue yet are you pre-revenue so we're pre-revenue pre-rev yeah and you're able to raise that that valuation because of the tech the tech is so good we have a pretty insane growth rate right now and then daily active users
Starting point is 00:27:49 is I think higher yeah it's growth it's the information that's actually the currency but we've been spending a dollar on marketing and obviously
Starting point is 00:27:55 the marketing space too you guys have advertisements 100-200 posts on social media since joining about 2-3 months ago and it helps too with our team
Starting point is 00:28:04 our team's unbelievably solid we lost about two three months ago and it helps too with our team our team's unbelievably solid yeah we have um our two leads um like our founding team is uh david and jory who are leading the development side with cody and richard and they're just they work from 7 a.m to 1 a.m jeez like they just they work like crazy and they're some of the smartest people i've ever met wow so we put a problem in front of them like we wanted to do um live prices in the app for crypto and we gave it to um one of our co-ctos david and he got faster prices than trading view in a week and yeah sooner than i'm like no david's insane david's been around forever yeah yes we have like our team is unbelievably solid right now so it helps a ton with raising because they make the team they're like that's the most important thing when they look for investments right exactly exactly especially in these early stages it's completely better than the team because the products change
Starting point is 00:28:53 so much right like even like slack it was a video game oh was it yeah they were building a video game and they were using slack as a way to communicate with the team they ran out of money and then it was all the investors just like, I mean, your team's great. Just try to do something. Yeah. Did Slack ended up being 20 billion.
Starting point is 00:29:09 Wow. Yo, that's nuts. Yeah. That's crazy. Yeah. So yeah, it's been a pleasure.
Starting point is 00:29:15 Yeah. This just got real interesting. Like on both sides. Yeah. For real. Any closing comments from you guys? No, it was great talking to you guys.
Starting point is 00:29:23 Thanks for having us. And if you're interested in following some top traders, volio app on google play store and apple i'll put a link in the description so download and volio and i appreciate you guys having us on for sure download and volio now thanks for tuning in guys i'll see you next time peace

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.