WEBVTT Kind: captions Language: en 00:00:04.660 --> 00:00:06.870 align:start position:0% thank<00:00:05.500> you<00:00:05.589> to<00:00:05.710> the<00:00:05.799> foundation<00:00:06.160> and 00:00:06.870 --> 00:00:06.880 align:start position:0% thank you to the foundation and 00:00:06.880 --> 00:00:09.619 align:start position:0% thank you to the foundation and especially<00:00:07.210> Althea<00:00:07.779> for<00:00:08.680> having<00:00:09.160> me<00:00:09.309> and 00:00:09.619 --> 00:00:09.629 align:start position:0% especially Althea for having me and 00:00:09.629 --> 00:00:12.360 align:start position:0% especially Althea for having me and taking<00:00:10.629> a<00:00:10.750> risk<00:00:11.049> on<00:00:11.260> this<00:00:11.440> talk<00:00:11.770> it's<00:00:12.040> the 00:00:12.360 --> 00:00:12.370 align:start position:0% taking a risk on this talk it's the 00:00:12.370 --> 00:00:14.310 align:start position:0% taking a risk on this talk it's the first<00:00:12.610> time<00:00:12.879> I<00:00:12.910> believe<00:00:13.209> that<00:00:13.570> VC<00:00:14.020> is<00:00:14.110> being 00:00:14.310 --> 00:00:14.320 align:start position:0% first time I believe that VC is being 00:00:14.320 --> 00:00:16.410 align:start position:0% first time I believe that VC is being talked<00:00:14.590> about<00:00:14.709> at<00:00:15.010> any<00:00:15.490> Def<00:00:15.820> Con<00:00:16.090> this<00:00:16.299> was 00:00:16.410 --> 00:00:16.420 align:start position:0% talked about at any Def Con this was 00:00:16.420 --> 00:00:19.200 align:start position:0% talked about at any Def Con this was very<00:00:16.600> exciting<00:00:17.080> my<00:00:17.920> name<00:00:18.070> is<00:00:18.190> Johan<00:00:18.580> Chu<00:00:18.940> and 00:00:19.200 --> 00:00:19.210 align:start position:0% very exciting my name is Johan Chu and 00:00:19.210 --> 00:00:22.280 align:start position:0% very exciting my name is Johan Chu and this<00:00:20.170> topic<00:00:20.500> comes<00:00:20.920> out<00:00:21.190> of<00:00:21.370> conversation 00:00:22.280 --> 00:00:22.290 align:start position:0% this topic comes out of conversation 00:00:22.290 --> 00:00:24.570 align:start position:0% this topic comes out of conversation that<00:00:23.290> I've<00:00:23.440> been<00:00:23.590> having<00:00:23.980> with<00:00:24.100> some<00:00:24.370> of<00:00:24.460> the 00:00:24.570 --> 00:00:24.580 align:start position:0% that I've been having with some of the 00:00:24.580 --> 00:00:27.270 align:start position:0% that I've been having with some of the largest<00:00:24.990> institutional<00:00:25.990> holders<00:00:26.470> of 00:00:27.270 --> 00:00:27.280 align:start position:0% largest institutional holders of 00:00:27.280 --> 00:00:30.540 align:start position:0% largest institutional holders of aetherium<00:00:27.880> who<00:00:28.480> are<00:00:28.630> also<00:00:28.900> diehard<00:00:29.860> etherion 00:00:30.540 --> 00:00:30.550 align:start position:0% aetherium who are also diehard etherion 00:00:30.550 --> 00:00:34.439 align:start position:0% aetherium who are also diehard etherion bulls<00:00:30.789> and<00:00:31.860> we<00:00:32.860> felt<00:00:33.190> frustrated<00:00:33.969> a<00:00:34.210> little 00:00:34.439 --> 00:00:34.449 align:start position:0% bulls and we felt frustrated a little 00:00:34.449 --> 00:00:37.529 align:start position:0% bulls and we felt frustrated a little bit<00:00:35.070> not<00:00:36.070> so<00:00:36.100> much<00:00:36.370> by<00:00:36.609> the<00:00:36.670> current<00:00:37.149> state<00:00:37.510> of 00:00:37.529 --> 00:00:37.539 align:start position:0% bit not so much by the current state of 00:00:37.539 --> 00:00:40.259 align:start position:0% bit not so much by the current state of aetherium<00:00:38.350> because<00:00:39.129> we're<00:00:39.339> all<00:00:39.550> relatively 00:00:40.259 --> 00:00:40.269 align:start position:0% aetherium because we're all relatively 00:00:40.269 --> 00:00:42.689 align:start position:0% aetherium because we're all relatively patient<00:00:40.899> long-term<00:00:41.350> investors<00:00:41.890> with<00:00:42.219> you 00:00:42.689 --> 00:00:42.699 align:start position:0% patient long-term investors with you 00:00:42.699 --> 00:00:45.770 align:start position:0% patient long-term investors with you know<00:00:42.819> longtime<00:00:43.629> horizons<00:00:44.289> to<00:00:44.440> invest<00:00:44.800> but 00:00:45.770 --> 00:00:45.780 align:start position:0% know longtime horizons to invest but 00:00:45.780 --> 00:00:49.049 align:start position:0% know longtime horizons to invest but there's<00:00:46.780> a<00:00:46.870> disconnect<00:00:47.620> a<00:00:47.890> powerlessness<00:00:48.729> and 00:00:49.049 --> 00:00:49.059 align:start position:0% there's a disconnect a powerlessness and 00:00:49.059 --> 00:00:51.869 align:start position:0% there's a disconnect a powerlessness and a<00:00:49.179> disconnect<00:00:49.809> on<00:00:50.559> how<00:00:50.800> we<00:00:50.859> as<00:00:51.190> institutional 00:00:51.869 --> 00:00:51.879 align:start position:0% a disconnect on how we as institutional 00:00:51.879 --> 00:00:55.079 align:start position:0% a disconnect on how we as institutional investors<00:00:52.389> can<00:00:53.379> help<00:00:53.559> make<00:00:53.739> a<00:00:53.769> difference<00:00:54.089> in 00:00:55.079 --> 00:00:55.089 align:start position:0% investors can help make a difference in 00:00:55.089 --> 00:00:58.319 align:start position:0% investors can help make a difference in the<00:00:55.539> layer1<00:00:55.769> aetherium<00:00:56.909> ecosystem<00:00:57.909> not<00:00:58.059> just 00:00:58.319 --> 00:00:58.329 align:start position:0% the layer1 aetherium ecosystem not just 00:00:58.329 --> 00:01:02.569 align:start position:0% the layer1 aetherium ecosystem not just the<00:00:58.449> startups<00:00:58.899> that<00:00:59.139> are<00:00:59.620> building<00:00:59.859> on<00:00:59.979> top<00:01:01.109> so 00:01:02.569 --> 00:01:02.579 align:start position:0% the startups that are building on top so 00:01:02.579 --> 00:01:06.300 align:start position:0% the startups that are building on top so something<00:01:03.579> doesn't<00:01:03.760> fit<00:01:05.310> between 00:01:06.300 --> 00:01:06.310 align:start position:0% something doesn't fit between 00:01:06.310 --> 00:01:09.330 align:start position:0% something doesn't fit between traditional<00:01:07.090> VC<00:01:07.360> and<00:01:07.659> decentralisation<00:01:08.340> it 00:01:09.330 --> 00:01:09.340 align:start position:0% traditional VC and decentralisation it 00:01:09.340 --> 00:01:11.130 align:start position:0% traditional VC and decentralisation it used<00:01:09.579> to<00:01:09.700> be<00:01:09.850> that<00:01:10.060> VC<00:01:10.689> was<00:01:10.899> really 00:01:11.130 --> 00:01:11.140 align:start position:0% used to be that VC was really 00:01:11.140 --> 00:01:13.139 align:start position:0% used to be that VC was really straightforward<00:01:11.460> you<00:01:12.460> would<00:01:12.579> find<00:01:12.880> a<00:01:13.000> bunch 00:01:13.139 --> 00:01:13.149 align:start position:0% straightforward you would find a bunch 00:01:13.149 --> 00:01:15.840 align:start position:0% straightforward you would find a bunch of<00:01:13.329> interesting<00:01:14.020> early-stage<00:01:14.560> companies<00:01:15.219> you 00:01:15.840 --> 00:01:15.850 align:start position:0% of interesting early-stage companies you 00:01:15.850 --> 00:01:17.850 align:start position:0% of interesting early-stage companies you make<00:01:16.000> sure<00:01:16.149> that<00:01:16.270> the<00:01:16.390> founders<00:01:16.750> are<00:01:16.869> good<00:01:17.110> you 00:01:17.850 --> 00:01:17.860 align:start position:0% make sure that the founders are good you 00:01:17.860 --> 00:01:19.529 align:start position:0% make sure that the founders are good you write<00:01:18.009> a<00:01:18.039> check<00:01:18.159> you<00:01:18.579> help<00:01:18.820> them<00:01:19.000> grow<00:01:19.270> and 00:01:19.529 --> 00:01:19.539 align:start position:0% write a check you help them grow and 00:01:19.539 --> 00:01:21.840 align:start position:0% write a check you help them grow and then<00:01:20.350> you<00:01:20.469> wait<00:01:20.619> for<00:01:20.649> an<00:01:20.920> exit<00:01:21.250> opportunity 00:01:21.840 --> 00:01:21.850 align:start position:0% then you wait for an exit opportunity 00:01:21.850 --> 00:01:24.029 align:start position:0% then you wait for an exit opportunity and<00:01:22.149> that's<00:01:22.780> how<00:01:22.899> it<00:01:22.990> was<00:01:23.109> for<00:01:23.170> decades<00:01:23.740> but 00:01:24.029 --> 00:01:24.039 align:start position:0% and that's how it was for decades but 00:01:24.039 --> 00:01:28.560 align:start position:0% and that's how it was for decades but this<00:01:24.670> model<00:01:25.060> is<00:01:25.149> not<00:01:25.359> only<00:01:25.799> obsolete<00:01:26.969> as<00:01:27.969> seen 00:01:28.560 --> 00:01:28.570 align:start position:0% this model is not only obsolete as seen 00:01:28.570 --> 00:01:30.840 align:start position:0% this model is not only obsolete as seen by<00:01:28.689> recent<00:01:29.020> failures<00:01:29.409> of<00:01:29.680> uber<00:01:30.130> and<00:01:30.490> we<00:01:30.700> were 00:01:30.840 --> 00:01:30.850 align:start position:0% by recent failures of uber and we were 00:01:30.850 --> 00:01:32.370 align:start position:0% by recent failures of uber and we were to<00:01:31.090> really<00:01:31.270> kind<00:01:31.570> of<00:01:31.600> perform<00:01:31.930> in<00:01:32.020> the<00:01:32.079> public 00:01:32.370 --> 00:01:32.380 align:start position:0% to really kind of perform in the public 00:01:32.380 --> 00:01:35.039 align:start position:0% to really kind of perform in the public markets<00:01:32.859> but<00:01:33.520> it<00:01:33.850> also<00:01:34.000> obviously<00:01:34.689> doesn't 00:01:35.039 --> 00:01:35.049 align:start position:0% markets but it also obviously doesn't 00:01:35.049 --> 00:01:36.779 align:start position:0% markets but it also obviously doesn't really<00:01:35.229> fit<00:01:35.619> a<00:01:35.770> decentralized<00:01:36.369> project<00:01:36.700> like 00:01:36.779 --> 00:01:36.789 align:start position:0% really fit a decentralized project like 00:01:36.789 --> 00:01:39.959 align:start position:0% really fit a decentralized project like aetherium<00:01:37.380> so<00:01:38.380> we<00:01:38.979> can<00:01:39.189> kind<00:01:39.399> of<00:01:39.460> agree<00:01:39.670> that 00:01:39.959 --> 00:01:39.969 align:start position:0% aetherium so we can kind of agree that 00:01:39.969 --> 00:01:42.480 align:start position:0% aetherium so we can kind of agree that the<00:01:40.149> old<00:01:40.329> model<00:01:40.750> of<00:01:40.810> venture<00:01:41.170> capital<00:01:41.710> needs 00:01:42.480 --> 00:01:42.490 align:start position:0% the old model of venture capital needs 00:01:42.490 --> 00:01:44.990 align:start position:0% the old model of venture capital needs an<00:01:42.850> update<00:01:43.060> to<00:01:43.450> fit<00:01:43.600> the<00:01:43.689> decentralized<00:01:44.020> age 00:01:44.990 --> 00:01:45.000 align:start position:0% an update to fit the decentralized age 00:01:45.000 --> 00:01:48.060 align:start position:0% an update to fit the decentralized age so<00:01:46.000> add<00:01:46.240> that<00:01:46.719> to<00:01:47.289> the<00:01:47.380> rise<00:01:47.560> of<00:01:47.799> you<00:01:47.950> know 00:01:48.060 --> 00:01:48.070 align:start position:0% so add that to the rise of you know 00:01:48.070 --> 00:01:50.160 align:start position:0% so add that to the rise of you know obviously<00:01:48.219> crowd<00:01:48.670> funded<00:01:49.119> applications<00:01:49.659> of 00:01:50.160 --> 00:01:50.170 align:start position:0% obviously crowd funded applications of 00:01:50.170 --> 00:01:52.020 align:start position:0% obviously crowd funded applications of aetherium<00:01:50.560> and<00:01:50.829> it<00:01:51.039> becomes<00:01:51.280> even<00:01:51.549> harder<00:01:51.579> as 00:01:52.020 --> 00:01:52.030 align:start position:0% aetherium and it becomes even harder as 00:01:52.030 --> 00:01:54.569 align:start position:0% aetherium and it becomes even harder as an<00:01:52.149> investor<00:01:52.570> to<00:01:52.689> process<00:01:53.049> all<00:01:53.170> this<00:01:53.350> so<00:01:54.070> as<00:01:54.369> an 00:01:54.569 --> 00:01:54.579 align:start position:0% an investor to process all this so as an 00:01:54.579 --> 00:01:56.279 align:start position:0% an investor to process all this so as an investor<00:01:54.700> how<00:01:55.149> do<00:01:55.210> I<00:01:55.299> invest<00:01:55.659> in<00:01:55.840> a<00:01:55.899> company 00:01:56.279 --> 00:01:56.289 align:start position:0% investor how do I invest in a company 00:01:56.289 --> 00:01:59.550 align:start position:0% investor how do I invest in a company that<00:01:56.320> has<00:01:56.469> no<00:01:57.310> CEO<00:01:57.759> that<00:01:58.450> doesn't<00:01:59.079> report 00:01:59.550 --> 00:01:59.560 align:start position:0% that has no CEO that doesn't report 00:01:59.560 --> 00:02:03.419 align:start position:0% that has no CEO that doesn't report revenue<00:02:00.100> much<00:02:00.520> less<00:02:01.020> have<00:02:02.020> revenues<00:02:02.560> and<00:02:02.829> how 00:02:03.419 --> 00:02:03.429 align:start position:0% revenue much less have revenues and how 00:02:03.429 --> 00:02:06.029 align:start position:0% revenue much less have revenues and how do<00:02:03.490> i<00:02:03.549> price<00:02:04.270> the<00:02:04.509> risk<00:02:04.689> of<00:02:04.899> an<00:02:05.020> asset<00:02:05.560> that<00:02:05.740> you 00:02:06.029 --> 00:02:06.039 align:start position:0% do i price the risk of an asset that you 00:02:06.039 --> 00:02:08.779 align:start position:0% do i price the risk of an asset that you know<00:02:06.189> swings<00:02:06.579> 15%<00:02:07.420> on<00:02:07.600> the<00:02:07.869> back<00:02:08.020> of<00:02:08.170> a<00:02:08.229> tweet 00:02:08.779 --> 00:02:08.789 align:start position:0% know swings 15% on the back of a tweet 00:02:08.789 --> 00:02:12.300 align:start position:0% know swings 15% on the back of a tweet how<00:02:09.789> do<00:02:09.850> I<00:02:09.970> help<00:02:10.240> the<00:02:10.690> project<00:02:11.170> grow<00:02:11.500> when<00:02:12.220> I'm 00:02:12.300 --> 00:02:12.310 align:start position:0% how do I help the project grow when I'm 00:02:12.310 --> 00:02:15.480 align:start position:0% how do I help the project grow when I'm not<00:02:12.520> even<00:02:12.790> sure<00:02:12.970> who<00:02:13.120> they<00:02:13.510> are<00:02:13.780> is<00:02:14.290> it<00:02:15.250> the 00:02:15.480 --> 00:02:15.490 align:start position:0% not even sure who they are is it the 00:02:15.490 --> 00:02:18.210 align:start position:0% not even sure who they are is it the foundation<00:02:16.060> is<00:02:16.470> it 00:02:18.210 --> 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investor<00:02:27.550> feel<00:02:27.880> about<00:02:28.090> a<00:02:28.150> community<00:02:28.480> who 00:02:29.400 --> 00:02:29.410 align:start position:0% investor feel about a community who 00:02:29.410 --> 00:02:31.230 align:start position:0% investor feel about a community who isn't<00:02:29.710> really<00:02:29.950> sure<00:02:30.130> how<00:02:30.310> they<00:02:30.490> feel<00:02:30.700> about<00:02:30.730> me 00:02:31.230 --> 00:02:31.240 align:start position:0% isn't really sure how they feel about me 00:02:31.240 --> 00:02:33.840 align:start position:0% isn't really sure how they feel about me and<00:02:31.630> my<00:02:31.810> role<00:02:32.080> as<00:02:32.290> an<00:02:32.410> investor<00:02:32.950> and<00:02:33.130> seems<00:02:33.730> to 00:02:33.840 --> 00:02:33.850 align:start position:0% and my role as an investor and seems to 00:02:33.850 --> 00:02:35.820 align:start position:0% and my role as an investor and seems to keep<00:02:34.000> a<00:02:34.090> healthy<00:02:34.210> distance<00:02:34.710> from<00:02:35.710> the 00:02:35.820 --> 00:02:35.830 align:start position:0% keep a healthy distance from the 00:02:35.830 --> 00:02:38.430 align:start position:0% keep a healthy distance from the investors<00:02:36.280> at<00:02:36.550> best<00:02:36.850> and<00:02:37.210> maybe<00:02:37.600> is<00:02:37.990> you<00:02:38.320> know 00:02:38.430 --> 00:02:38.440 align:start position:0% investors at best and maybe is you know 00:02:38.440 --> 00:02:40.680 align:start position:0% investors at best and maybe is you know a<00:02:38.650> little<00:02:38.920> suspicious<00:02:39.280> and<00:02:39.550> skeptical<00:02:40.060> of<00:02:40.210> our 00:02:40.680 --> 00:02:40.690 align:start position:0% a little suspicious and skeptical of our 00:02:40.690 --> 00:02:43.290 align:start position:0% a little suspicious and skeptical of our agendas<00:02:41.200> at<00:02:41.410> worse<00:02:41.880> so<00:02:42.880> there's<00:02:43.060> a<00:02:43.120> disconnect 00:02:43.290 --> 00:02:43.300 align:start position:0% agendas at worse so there's a disconnect 00:02:43.300 --> 00:02:46.260 align:start position:0% agendas at worse so there's a disconnect between<00:02:43.660> what<00:02:44.590> you<00:02:45.520> know<00:02:45.550> there's<00:02:45.820> disconnect 00:02:46.260 --> 00:02:46.270 align:start position:0% between what you know there's disconnect 00:02:46.270 --> 00:02:47.790 align:start position:0% between what you know there's disconnect and<00:02:46.390> I<00:02:46.420> think<00:02:46.720> that<00:02:46.840> the<00:02:46.960> etherium<00:02:47.320> community 00:02:47.790 --> 00:02:47.800 align:start position:0% and I think that the etherium community 00:02:47.800 --> 00:02:49.470 align:start position:0% and I think that the etherium community as<00:02:47.980> a<00:02:48.220> whole<00:02:48.370> is<00:02:48.550> really<00:02:48.700> missing<00:02:49.390> an 00:02:49.470 --> 00:02:49.480 align:start position:0% as a whole is really missing an 00:02:49.480 --> 00:02:52.830 align:start position:0% as a whole is really missing an opportunity<00:02:50.020> as<00:02:50.110> a<00:02:50.140> result<00:02:50.530> and<00:02:51.240> I<00:02:52.240> want<00:02:52.510> to<00:02:52.750> be 00:02:52.830 --> 00:02:52.840 align:start position:0% opportunity as a result and I want to be 00:02:52.840 --> 00:02:54.390 align:start position:0% opportunity as a result and I want to be clear<00:02:53.050> about<00:02:53.080> what<00:02:53.290> the<00:02:53.320> opportunity<00:02:53.920> is<00:02:53.950> for 00:02:54.390 --> 00:02:54.400 align:start position:0% clear about what the opportunity is for 00:02:54.400 --> 00:02:56.250 align:start position:0% clear about what the opportunity is for connecting<00:02:55.150> the<00:02:55.270> VCS<00:02:55.630> to<00:02:55.750> the<00:02:55.840> community 00:02:56.250 --> 00:02:56.260 align:start position:0% connecting the VCS to the community 00:02:56.260 --> 00:02:59.970 align:start position:0% connecting the VCS to the community better<00:02:56.440> it's<00:02:57.130> that<00:02:57.990> it's<00:02:58.990> the<00:02:59.170> fulfillment<00:02:59.380> of 00:02:59.970 --> 00:02:59.980 align:start position:0% better it's that it's the fulfillment of 00:02:59.980 --> 00:03:01.830 align:start position:0% better it's that it's the fulfillment of the<00:03:00.490> promise<00:03:00.910> of<00:03:01.060> aetherium<00:03:01.390> of<00:03:01.720> the 00:03:01.830 --> 00:03:01.840 align:start position:0% the promise of aetherium of the 00:03:01.840 --> 00:03:04.110 align:start position:0% the promise of aetherium of the potential<00:03:02.290> aetherium<00:03:02.710> and<00:03:03.000> obviously<00:03:04.000> this 00:03:04.110 --> 00:03:04.120 align:start position:0% potential aetherium and obviously this 00:03:04.120 --> 00:03:05.790 align:start position:0% potential aetherium and obviously this can't<00:03:04.360> be<00:03:04.420> done<00:03:04.540> by<00:03:04.660> the<00:03:04.720> EC's<00:03:04.960> alone<00:03:05.260> but<00:03:05.740> i 00:03:05.790 --> 00:03:05.800 align:start position:0% can't be done by the EC's alone but i 00:03:05.800 --> 00:03:07.080 align:start position:0% can't be done by the EC's alone but i believe<00:03:06.100> that<00:03:06.130> the<00:03:06.310> more<00:03:06.430> open<00:03:06.670> dialogue 00:03:07.080 --> 00:03:07.090 align:start position:0% believe that the more open dialogue 00:03:07.090 --> 00:03:09.120 align:start position:0% believe that the more open dialogue between<00:03:07.390> the<00:03:08.200> traditional<00:03:08.800> a<00:03:08.890> theorem 00:03:09.120 --> 00:03:09.130 align:start position:0% between the traditional a theorem 00:03:09.130 --> 00:03:11.280 align:start position:0% between the traditional a theorem community<00:03:09.580> and<00:03:09.730> the<00:03:10.060> investor<00:03:10.390> community<00:03:10.540> we 00:03:11.280 --> 00:03:11.290 align:start position:0% community and the investor community we 00:03:11.290 --> 00:03:13.290 align:start position:0% community and the investor community we can<00:03:11.440> all<00:03:11.560> really<00:03:11.860> help<00:03:12.100> grow<00:03:12.340> the<00:03:12.700> ecosystem 00:03:13.290 --> 00:03:13.300 align:start position:0% can all really help grow the ecosystem 00:03:13.300 --> 00:03:14.940 align:start position:0% can all really help grow the ecosystem together<00:03:13.690> in<00:03:13.990> ways<00:03:14.410> that<00:03:14.560> are<00:03:14.650> not<00:03:14.680> really 00:03:14.940 --> 00:03:14.950 align:start position:0% together in ways that are not really 00:03:14.950 --> 00:03:19.170 align:start position:0% together in ways that are not really being<00:03:15.100> currently<00:03:15.580> addressed<00:03:16.710> so<00:03:17.710> Who<00:03:18.340> am<00:03:18.370> I<00:03:18.580> to 00:03:19.170 --> 00:03:19.180 align:start position:0% being currently addressed so Who am I to 00:03:19.180 --> 00:03:22.110 align:start position:0% being currently addressed so Who am I to say<00:03:19.360> all<00:03:19.480> these<00:03:19.600> things<00:03:19.890> I<00:03:20.970> first<00:03:21.970> and 00:03:22.110 --> 00:03:22.120 align:start position:0% say all these things I first and 00:03:22.120 --> 00:03:24.150 align:start position:0% say all these things I first and foremost<00:03:22.420> I'm<00:03:22.600> the<00:03:22.870> founder<00:03:23.350> of<00:03:23.380> the<00:03:23.650> etherium 00:03:24.150 --> 00:03:24.160 align:start position:0% foremost I'm the founder of the etherium 00:03:24.160 --> 00:03:26.729 align:start position:0% foremost I'm the founder of the etherium meetup<00:03:24.700> in<00:03:24.910> Hong<00:03:25.180> Kong<00:03:25.209> so<00:03:25.660> we<00:03:26.140> started<00:03:26.560> in 00:03:26.729 --> 00:03:26.739 align:start position:0% meetup in Hong Kong so we started in 00:03:26.739 --> 00:03:30.479 align:start position:0% meetup in Hong Kong so we started in March<00:03:27.070> of<00:03:27.130> 2014<00:03:28.590> was<00:03:29.590> our<00:03:29.770> first<00:03:30.010> meetup<00:03:30.310> we 00:03:30.479 --> 00:03:30.489 align:start position:0% March of 2014 was our first meetup we 00:03:30.489 --> 00:03:33.570 align:start position:0% March of 2014 was our first meetup we had<00:03:30.640> five<00:03:30.940> people<00:03:30.970> in<00:03:31.900> a<00:03:32.050> smokey<00:03:32.470> bar<00:03:32.680> and<00:03:33.430> we 00:03:33.570 --> 00:03:33.580 align:start position:0% had five people in a smokey bar and we 00:03:33.580 --> 00:03:36.780 align:start position:0% had five people in a smokey bar and we had<00:03:33.720> Stefan<00:03:34.720> Toole<00:03:35.020> who<00:03:35.830> was<00:03:35.980> skyping<00:03:36.250> in<00:03:36.580> to 00:03:36.780 --> 00:03:36.790 align:start position:0% had Stefan Toole who was skyping in to 00:03:36.790 --> 00:03:38.940 align:start position:0% had Stefan Toole who was skyping in to tell<00:03:36.970> us<00:03:37.000> about<00:03:37.300> aetherium<00:03:37.810> since<00:03:38.739> then<00:03:38.860> I've 00:03:38.940 --> 00:03:38.950 align:start position:0% tell us about aetherium since then I've 00:03:38.950 --> 00:03:41.010 align:start position:0% tell us about aetherium since then I've done<00:03:38.980> over<00:03:39.310> 80<00:03:39.670> meetups<00:03:40.120> and<00:03:40.480> I've<00:03:40.840> hosted 00:03:41.010 --> 00:03:41.020 align:start position:0% done over 80 meetups and I've hosted 00:03:41.020 --> 00:03:43.440 align:start position:0% done over 80 meetups and I've hosted Vitalik<00:03:41.620> seven<00:03:42.550> or<00:03:42.670> eight<00:03:42.790> times<00:03:42.820> in<00:03:43.270> Hong 00:03:43.440 --> 00:03:43.450 align:start position:0% Vitalik seven or eight times in Hong 00:03:43.450 --> 00:03:46.380 align:start position:0% Vitalik seven or eight times in Hong Kong<00:03:43.560> and<00:03:44.560> I'm<00:03:45.070> also<00:03:45.310> the<00:03:45.520> founder<00:03:45.820> of<00:03:45.970> kinetic 00:03:46.380 --> 00:03:46.390 align:start position:0% Kong and I'm also the founder of kinetic 00:03:46.390 --> 00:03:49.170 align:start position:0% Kong and I'm also the founder of kinetic which<00:03:46.540> is<00:03:46.750> a<00:03:46.780> VC<00:03:47.260> we've<00:03:47.830> invested<00:03:48.340> in<00:03:48.430> over<00:03:48.730> 50 00:03:49.170 --> 00:03:49.180 align:start position:0% which is a VC we've invested in over 50 00:03:49.180 --> 00:03:50.790 align:start position:0% which is a VC we've invested in over 50 aetherium<00:03:49.600> based<00:03:49.780> projects<00:03:50.320> along<00:03:50.500> the<00:03:50.650> way 00:03:50.790 --> 00:03:50.800 align:start position:0% aetherium based projects along the way 00:03:50.800 --> 00:03:52.530 align:start position:0% aetherium based projects along the way and<00:03:51.550> I<00:03:51.610> personally<00:03:51.910> invested<00:03:52.239> in<00:03:52.269> the<00:03:52.330> crowd 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called<00:04:09.070> nifty<00:04:09.390> so<00:04:10.390> I'm<00:04:10.480> an 00:04:10.560 --> 00:04:10.570 align:start position:0% decentraland called nifty so I'm an 00:04:10.570 --> 00:04:12.509 align:start position:0% decentraland called nifty so I'm an early<00:04:10.690> investor<00:04:10.840> and<00:04:11.380> one<00:04:12.040> last<00:04:12.190> thing<00:04:12.400> I'll 00:04:12.509 --> 00:04:12.519 align:start position:0% early investor and one last thing I'll 00:04:12.519 --> 00:04:14.310 align:start position:0% early investor and one last thing I'll mention<00:04:12.550> is<00:04:13.239> that<00:04:13.570> I<00:04:13.630> have<00:04:13.989> a<00:04:14.019> small 00:04:14.310 --> 00:04:14.320 align:start position:0% mention is that I have a small 00:04:14.320 --> 00:04:16.560 align:start position:0% mention is that I have a small foundation<00:04:14.980> which<00:04:15.519> is<00:04:15.790> dedicated<00:04:16.480> to 00:04:16.560 --> 00:04:16.570 align:start position:0% foundation which is dedicated to 00:04:16.570 --> 00:04:18.240 align:start position:0% foundation which is dedicated to blockchain<00:04:16.989> for<00:04:17.140> social<00:04:17.470> impact<00:04:17.590> called 00:04:18.240 --> 00:04:18.250 align:start position:0% blockchain for social impact called 00:04:18.250 --> 00:04:21.479 align:start position:0% blockchain for social impact called social<00:04:18.609> alpha<00:04:19.140> and<00:04:20.140> as<00:04:20.470> a<00:04:20.500> Kauffman<00:04:20.980> fellow<00:04:21.220> I 00:04:21.479 --> 00:04:21.489 align:start position:0% social alpha and as a Kauffman fellow I 00:04:21.489 --> 00:04:23.790 align:start position:0% social alpha and as a Kauffman fellow I think<00:04:21.880> a<00:04:21.970> lot<00:04:22.120> about<00:04:22.240> VC<00:04:22.870> and<00:04:23.110> venture<00:04:23.350> capital 00:04:23.790 --> 00:04:23.800 align:start position:0% think a lot about VC and venture capital 00:04:23.800 --> 00:04:28.909 align:start position:0% think a lot about VC and venture capital and<00:04:24.400> how<00:04:24.610> we<00:04:24.669> can<00:04:24.880> better<00:04:25.060> serve<00:04:25.360> the<00:04:25.540> founders 00:04:28.909 --> 00:04:28.919 align:start position:0% 00:04:28.919 --> 00:04:31.369 align:start position:0% so<00:04:29.340> I<00:04:29.669> think<00:04:29.909> the<00:04:30.270> backdrop<00:04:30.749> of<00:04:30.780> some<00:04:31.139> of<00:04:31.259> where 00:04:31.369 --> 00:04:31.379 align:start position:0% so I think the backdrop of some of where 00:04:31.379 --> 00:04:33.739 align:start position:0% so I think the backdrop of some of where this<00:04:31.499> comes<00:04:31.860> from<00:04:32.039> is<00:04:32.129> this<00:04:32.340> idea<00:04:32.729> and<00:04:33.030> this 00:04:33.739 --> 00:04:33.749 align:start position:0% this comes from is this idea and this 00:04:33.749 --> 00:04:35.899 align:start position:0% this comes from is this idea and this feeling<00:04:34.110> that<00:04:34.259> aetherium<00:04:34.860> is<00:04:34.979> somehow<00:04:35.370> under 00:04:35.899 --> 00:04:35.909 align:start position:0% feeling that aetherium is somehow under 00:04:35.909 --> 00:04:40.010 align:start position:0% feeling that aetherium is somehow under fire<00:04:37.939> it's<00:04:38.939> become<00:04:39.360> the<00:04:39.509> whipping<00:04:39.689> boy<00:04:39.900> of 00:04:40.010 --> 00:04:40.020 align:start position:0% fire it's become the whipping boy of 00:04:40.020 --> 00:04:41.719 align:start position:0% fire it's become the whipping boy of blockchain<00:04:40.650> in<00:04:40.860> some<00:04:41.069> ways<00:04:41.279> with<00:04:41.550> people 00:04:41.719 --> 00:04:41.729 align:start position:0% blockchain in some ways with people 00:04:41.729 --> 00:04:44.029 align:start position:0% blockchain in some ways with people focusing<00:04:42.479> too<00:04:42.719> much<00:04:42.749> on<00:04:43.199> what<00:04:43.740> aetherium 00:04:44.029 --> 00:04:44.039 align:start position:0% focusing too much on what aetherium 00:04:44.039 --> 00:04:46.610 align:start position:0% focusing too much on what aetherium can't<00:04:44.550> do<00:04:44.819> rather<00:04:45.539> than<00:04:45.810> all<00:04:46.020> the<00:04:46.169> things<00:04:46.409> that 00:04:46.610 --> 00:04:46.620 align:start position:0% can't do rather than all the things that 00:04:46.620 --> 00:04:49.399 align:start position:0% can't do rather than all the things that it<00:04:46.710> can<00:04:47.099> do<00:04:47.479> there's<00:04:48.479> continuous<00:04:48.930> complaints 00:04:49.399 --> 00:04:49.409 align:start position:0% it can do there's continuous complaints 00:04:49.409 --> 00:04:51.409 align:start position:0% it can do there's continuous complaints about<00:04:49.560> the<00:04:49.800> scalability<00:04:50.340> issue<00:04:50.520> even<00:04:51.180> though 00:04:51.409 --> 00:04:51.419 align:start position:0% about the scalability issue even though 00:04:51.419 --> 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for<00:04:56.819> you<00:04:56.939> to<00:04:57.210> and<00:04:58.080> then<00:04:58.560> on<00:04:58.680> the<00:04:58.770> external<00:04:59.159> side 00:04:59.480 --> 00:04:59.490 align:start position:0% for you to and then on the external side 00:04:59.490 --> 00:05:01.790 align:start position:0% for you to and then on the external side you<00:04:59.669> have<00:04:59.879> companies<00:05:00.810> and<00:05:01.379> projects<00:05:01.770> that 00:05:01.790 --> 00:05:01.800 align:start position:0% you have companies and projects that 00:05:01.800 --> 00:05:02.959 align:start position:0% you have companies and projects that have<00:05:01.979> you<00:05:02.159> know<00:05:02.189> multibillion-dollar 00:05:02.959 --> 00:05:02.969 align:start position:0% have you know multibillion-dollar 00:05:02.969 --> 00:05:06.559 align:start position:0% have you know multibillion-dollar bankrolls<00:05:03.719> who<00:05:04.469> are<00:05:04.650> challenging<00:05:05.490> for<00:05:06.180> the 00:05:06.559 --> 00:05:06.569 align:start position:0% bankrolls who are challenging for the 00:05:06.569 --> 00:05:08.869 align:start position:0% bankrolls who are challenging for the protocol<00:05:06.960> space<00:05:07.289> and<00:05:07.620> waging<00:05:08.520> a<00:05:08.610> really 00:05:08.869 --> 00:05:08.879 align:start position:0% protocol space and waging a really 00:05:08.879 --> 00:05:11.029 align:start position:0% protocol space and waging a really increasing<00:05:09.629> war<00:05:09.900> to<00:05:10.379> attract<00:05:10.770> and<00:05:10.949> retain 00:05:11.029 --> 00:05:11.039 align:start position:0% increasing war to attract and retain 00:05:11.039 --> 00:05:13.129 align:start position:0% increasing war to attract and retain developer<00:05:11.639> Talent<00:05:12.150> and<00:05:12.270> that's<00:05:12.900> putting 00:05:13.129 --> 00:05:13.139 align:start position:0% developer Talent and that's putting 00:05:13.139 --> 00:05:15.070 align:start position:0% developer Talent and that's putting pressure<00:05:13.349> on<00:05:13.500> aetherium 00:05:15.070 --> 00:05:15.080 align:start position:0% pressure on aetherium 00:05:15.080 --> 00:05:17.450 align:start position:0% pressure on aetherium in<00:05:16.080> addition<00:05:16.409> one<00:05:16.529> of<00:05:16.650> the<00:05:16.740> founders<00:05:17.159> of<00:05:17.189> one 00:05:17.450 --> 00:05:17.460 align:start position:0% in addition one of the founders of one 00:05:17.460 --> 00:05:18.110 align:start position:0% in addition one of the founders of one of<00:05:17.550> the<00:05:17.610> largest 00:05:18.110 --> 00:05:18.120 align:start position:0% of the largest 00:05:18.120 --> 00:05:20.209 align:start position:0% of the largest etherium<00:05:18.449> owning<00:05:18.930> projects<00:05:19.379> that<00:05:19.500> I<00:05:19.529> know<00:05:19.650> he 00:05:20.209 --> 00:05:20.219 align:start position:0% etherium owning projects that I know he 00:05:20.219 --> 00:05:22.760 align:start position:0% etherium owning projects that I know he described<00:05:20.669> a<00:05:20.789> fatigue<00:05:21.449> in<00:05:21.960> aetherium<00:05:22.409> that's 00:05:22.760 --> 00:05:22.770 align:start position:0% described a fatigue in aetherium that's 00:05:22.770 --> 00:05:24.920 align:start position:0% described a fatigue in aetherium that's happening<00:05:23.189> right<00:05:23.219> now<00:05:23.610> and<00:05:24.389> I<00:05:24.509> can<00:05:24.689> think<00:05:24.810> we 00:05:24.920 --> 00:05:24.930 align:start position:0% happening right now and I can think we 00:05:24.930 --> 00:05:26.719 align:start position:0% happening right now and I can think we can<00:05:25.080> we<00:05:25.319> can<00:05:25.439> almost<00:05:25.560> even<00:05:25.919> witness<00:05:26.250> it<00:05:26.400> here 00:05:26.719 --> 00:05:26.729 align:start position:0% can we can almost even witness it here 00:05:26.729 --> 00:05:28.339 align:start position:0% can we can almost even witness it here there's<00:05:27.150> not<00:05:27.360> as<00:05:27.509> many<00:05:27.599> people<00:05:27.719> hair<00:05:28.139> as<00:05:28.229> there 00:05:28.339 --> 00:05:28.349 align:start position:0% there's not as many people hair as there 00:05:28.349 --> 00:05:29.869 align:start position:0% there's not as many people hair as there used<00:05:28.529> to<00:05:28.650> be<00:05:28.740> there's<00:05:29.189> not<00:05:29.370> as<00:05:29.460> much<00:05:29.580> buzz 00:05:29.869 --> 00:05:29.879 align:start position:0% used to be there's not as much buzz 00:05:29.879 --> 00:05:32.839 align:start position:0% used to be there's not as much buzz around<00:05:30.029> it<00:05:31.039> but<00:05:32.039> this<00:05:32.129> is<00:05:32.279> not<00:05:32.310> a<00:05:32.460> permanent 00:05:32.839 --> 00:05:32.849 align:start position:0% around it but this is not a permanent 00:05:32.849 --> 00:05:34.909 align:start position:0% around it but this is not a permanent condition<00:05:33.270> for<00:05:33.810> us<00:05:33.900> we<00:05:34.169> know<00:05:34.379> as<00:05:34.529> people<00:05:34.710> in 00:05:34.909 --> 00:05:34.919 align:start position:0% condition for us we know as people in 00:05:34.919 --> 00:05:36.800 align:start position:0% condition for us we know as people in the<00:05:34.979> etherion<00:05:35.250> community<00:05:35.669> that<00:05:36.180> this<00:05:36.389> is<00:05:36.599> a 00:05:36.800 --> 00:05:36.810 align:start position:0% the etherion community that this is a 00:05:36.810 --> 00:05:39.619 align:start position:0% the etherion community that this is a natural<00:05:37.409> growing<00:05:38.099> pain<00:05:38.550> we're<00:05:39.120> growing<00:05:39.479> and 00:05:39.619 --> 00:05:39.629 align:start position:0% natural growing pain we're growing and 00:05:39.629 --> 00:05:42.110 align:start position:0% natural growing pain we're growing and it's<00:05:39.870> painful<00:05:40.110> but<00:05:40.740> its<00:05:40.860> growth<00:05:41.099> and<00:05:41.639> more 00:05:42.110 --> 00:05:42.120 align:start position:0% it's painful but its growth and more 00:05:42.120 --> 00:05:44.149 align:start position:0% it's painful but its growth and more importantly<00:05:42.569> we<00:05:42.810> know<00:05:42.990> that<00:05:43.259> these<00:05:43.710> problems 00:05:44.149 --> 00:05:44.159 align:start position:0% importantly we know that these problems 00:05:44.159 --> 00:05:47.029 align:start position:0% importantly we know that these problems are<00:05:44.279> more<00:05:44.460> of<00:05:44.580> a<00:05:44.669> issue<00:05:45.360> of<00:05:45.719> perception<00:05:46.409> rather 00:05:47.029 --> 00:05:47.039 align:start position:0% are more of a issue of perception rather 00:05:47.039 --> 00:05:51.040 align:start position:0% are more of a issue of perception rather than<00:05:47.370> reality<00:05:48.860> the<00:05:49.860> issue<00:05:50.039> is<00:05:50.279> not<00:05:50.430> just<00:05:50.789> that 00:05:51.040 --> 00:05:51.050 align:start position:0% than reality the issue is not just that 00:05:51.050 --> 00:05:53.689 align:start position:0% than reality the issue is not just that the<00:05:52.050> you<00:05:52.500> know<00:05:52.649> people<00:05:53.159> are<00:05:53.250> believing<00:05:53.550> the 00:05:53.689 --> 00:05:53.699 align:start position:0% the you know people are believing the 00:05:53.699 --> 00:05:55.040 align:start position:0% the you know people are believing the wrong<00:05:53.849> things<00:05:54.240> it's<00:05:54.479> that<00:05:54.599> there's<00:05:54.750> a<00:05:54.810> gap<00:05:54.990> in 00:05:55.040 --> 00:05:55.050 align:start position:0% wrong things it's that there's a gap in 00:05:55.050 --> 00:05:56.809 align:start position:0% wrong things it's that there's a gap in mainstream<00:05:55.409> communication<00:05:56.339> and<00:05:56.520> messaging 00:05:56.809 --> 00:05:56.819 align:start position:0% mainstream communication and messaging 00:05:56.819 --> 00:05:58.850 align:start position:0% mainstream communication and messaging so<00:05:57.750> people<00:05:58.050> who<00:05:58.169> are<00:05:58.199> outside<00:05:58.500> of<00:05:58.800> the 00:05:58.850 --> 00:05:58.860 align:start position:0% so people who are outside of the 00:05:58.860 --> 00:06:00.110 align:start position:0% so people who are outside of the ecosystem<00:05:59.310> don't<00:05:59.490> really<00:05:59.699> know<00:05:59.879> who<00:06:00.000> to 00:06:00.110 --> 00:06:00.120 align:start position:0% ecosystem don't really know who to 00:06:00.120 --> 00:06:01.490 align:start position:0% ecosystem don't really know who to listen<00:06:00.270> to<00:06:00.419> they<00:06:00.930> don't<00:06:01.139> know<00:06:01.229> what<00:06:01.379> to 00:06:01.490 --> 00:06:01.500 align:start position:0% listen to they don't know what to 00:06:01.500 --> 00:06:02.899 align:start position:0% listen to they don't know what to believe<00:06:01.620> because<00:06:01.919> they're<00:06:02.159> not<00:06:02.279> in<00:06:02.520> it<00:06:02.610> every 00:06:02.899 --> 00:06:02.909 align:start position:0% believe because they're not in it every 00:06:02.909 --> 00:06:04.999 align:start position:0% believe because they're not in it every day<00:06:03.060> like<00:06:03.270> the<00:06:03.599> way<00:06:03.719> that<00:06:03.899> we<00:06:04.050> are<00:06:04.259> and<00:06:04.409> can't 00:06:04.999 --> 00:06:05.009 align:start position:0% day like the way that we are and can't 00:06:05.009 --> 00:06:07.129 align:start position:0% day like the way that we are and can't separate<00:06:05.490> fact<00:06:05.789> from<00:06:05.879> your<00:06:06.120> fact<00:06:06.419> from<00:06:06.870> from 00:06:07.129 --> 00:06:07.139 align:start position:0% separate fact from your fact from from 00:06:07.139 --> 00:06:10.189 align:start position:0% separate fact from your fact from from fiction<00:06:07.319> I<00:06:07.969> guess<00:06:08.969> to<00:06:09.089> somewhat<00:06:09.330> up<00:06:09.449> there<00:06:09.750> is 00:06:10.189 --> 00:06:10.199 align:start position:0% fiction I guess to somewhat up there is 00:06:10.199 --> 00:06:12.579 align:start position:0% fiction I guess to somewhat up there is a<00:06:10.949> feeling<00:06:11.279> that<00:06:11.490> there's<00:06:11.639> a<00:06:11.699> gap<00:06:12.089> between 00:06:12.579 --> 00:06:12.589 align:start position:0% a feeling that there's a gap between 00:06:12.589 --> 00:06:14.659 align:start position:0% a feeling that there's a gap between there's<00:06:13.589> a<00:06:13.649> gap<00:06:13.800> in<00:06:13.830> the<00:06:14.009> number<00:06:14.460> of 00:06:14.659 --> 00:06:14.669 align:start position:0% there's a gap in the number of 00:06:14.669 --> 00:06:17.779 align:start position:0% there's a gap in the number of influential<00:06:15.770> mainstream<00:06:16.770> voices<00:06:17.310> who<00:06:17.699> are 00:06:17.779 --> 00:06:17.789 align:start position:0% influential mainstream voices who are 00:06:17.789 --> 00:06:20.149 align:start position:0% influential mainstream voices who are consistently<00:06:18.419> and<00:06:18.569> vocally<00:06:19.159> articulating 00:06:20.149 --> 00:06:20.159 align:start position:0% consistently and vocally articulating 00:06:20.159 --> 00:06:22.389 align:start position:0% consistently and vocally articulating the<00:06:20.279> strength<00:06:20.639> of<00:06:20.819> aetherium 00:06:22.389 --> 00:06:22.399 align:start position:0% the strength of aetherium 00:06:22.399 --> 00:06:24.350 align:start position:0% the strength of aetherium if<00:06:23.399> you<00:06:23.550> think<00:06:23.699> about<00:06:23.759> it<00:06:24.000> who<00:06:24.120> are<00:06:24.240> the 00:06:24.350 --> 00:06:24.360 align:start position:0% if you think about it who are the 00:06:24.360 --> 00:06:26.439 align:start position:0% if you think about it who are the biggest<00:06:24.659> Bulls<00:06:24.930> in<00:06:25.169> the<00:06:25.289> etherium<00:06:25.680> ecosystem 00:06:26.439 --> 00:06:26.449 align:start position:0% biggest Bulls in the etherium ecosystem 00:06:26.449 --> 00:06:28.730 align:start position:0% biggest Bulls in the etherium ecosystem sorry<00:06:27.449> in<00:06:27.569> a<00:06:27.990> mainstream 00:06:28.730 --> 00:06:28.740 align:start position:0% sorry in a mainstream 00:06:28.740 --> 00:06:30.709 align:start position:0% sorry in a mainstream so<00:06:28.860> aside<00:06:29.490> from<00:06:29.550> italic<00:06:30.060> and<00:06:30.149> the<00:06:30.240> foundation 00:06:30.709 --> 00:06:30.719 align:start position:0% so aside from italic and the foundation 00:06:30.719 --> 00:06:31.459 align:start position:0% so aside from italic and the foundation all<00:06:30.839> the<00:06:30.899> great<00:06:31.050> work<00:06:31.169> that<00:06:31.319> they're<00:06:31.439> doing 00:06:31.459 --> 00:06:31.469 align:start position:0% all the great work that they're doing 00:06:31.469 --> 00:06:33.290 align:start position:0% all the great work that they're doing obviously<00:06:32.189> Joe<00:06:32.520> Lubin<00:06:32.849> is<00:06:32.969> out<00:06:33.060> there<00:06:33.210> is 00:06:33.290 --> 00:06:33.300 align:start position:0% obviously Joe Lubin is out there is 00:06:33.300 --> 00:06:35.389 align:start position:0% obviously Joe Lubin is out there is doing<00:06:33.419> great<00:06:33.599> work<00:06:33.810> as<00:06:33.960> well<00:06:34.139> who<00:06:35.099> are<00:06:35.250> the 00:06:35.389 --> 00:06:35.399 align:start position:0% doing great work as well who are the 00:06:35.399 --> 00:06:38.119 align:start position:0% doing great work as well who are the other<00:06:35.580> key<00:06:36.089> external<00:06:36.810> people<00:06:37.289> that<00:06:37.740> you<00:06:37.949> can 00:06:38.119 --> 00:06:38.129 align:start position:0% other key external people that you can 00:06:38.129 --> 00:06:39.680 align:start position:0% other key external people that you can think<00:06:38.310> of<00:06:38.459> off<00:06:38.580> the<00:06:38.610> top<00:06:38.729> of<00:06:38.909> your<00:06:39.060> head<00:06:39.360> in<00:06:39.569> the 00:06:39.680 --> 00:06:39.690 align:start position:0% think of off the top of your head in the 00:06:39.690 --> 00:06:41.689 align:start position:0% think of off the top of your head in the mainstream<00:06:39.899> who<00:06:40.649> are<00:06:40.709> really<00:06:41.069> talking<00:06:41.459> about 00:06:41.689 --> 00:06:41.699 align:start position:0% mainstream who are really talking about 00:06:41.699 --> 00:06:42.500 align:start position:0% mainstream who are really talking about aetherium 00:06:42.500 --> 00:06:42.510 align:start position:0% aetherium 00:06:42.510 --> 00:06:45.530 align:start position:0% aetherium consistently<00:06:43.490> who<00:06:44.490> are<00:06:44.580> really<00:06:44.850> educating 00:06:45.530 --> 00:06:45.540 align:start position:0% consistently who are really educating 00:06:45.540 --> 00:06:47.930 align:start position:0% consistently who are really educating the<00:06:46.050> public<00:06:46.280> and<00:06:47.280> educating<00:06:47.790> other 00:06:47.930 --> 00:06:47.940 align:start position:0% the public and educating other 00:06:47.940 --> 00:06:50.300 align:start position:0% the public and educating other influencers<00:06:48.720> because<00:06:49.590> it's<00:06:49.740> in<00:06:49.920> their<00:06:50.100> direct 00:06:50.300 --> 00:06:50.310 align:start position:0% influencers because it's in their direct 00:06:50.310 --> 00:06:51.710 align:start position:0% influencers because it's in their direct interest<00:06:50.640> to<00:06:50.700> do<00:06:50.850> so<00:06:50.880> how<00:06:51.360> many<00:06:51.540> can<00:06:51.690> you 00:06:51.710 --> 00:06:51.720 align:start position:0% interest to do so how many can you 00:06:51.720 --> 00:06:52.430 align:start position:0% interest to do so how many can you really<00:06:51.960> name 00:06:52.430 --> 00:06:52.440 align:start position:0% really name 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align:start position:0% a feature not a bug this is how the foundation<00:07:01.410> in<00:07:01.560> my<00:07:01.650> mind<00:07:01.890> wants<00:07:02.670> to<00:07:02.820> be 00:07:02.900 --> 00:07:02.910 align:start position:0% foundation in my mind wants to be 00:07:02.910 --> 00:07:05.450 align:start position:0% foundation in my mind wants to be positioned<00:07:03.390> which<00:07:04.290> is<00:07:04.440> fine<00:07:04.650> because<00:07:04.830> it's<00:07:05.400> a 00:07:05.450 --> 00:07:05.460 align:start position:0% positioned which is fine because it's a 00:07:05.460 --> 00:07:07.160 align:start position:0% positioned which is fine because it's a decentralized<00:07:06.150> governance<00:07:06.480> system<00:07:06.960> it's<00:07:07.110> a 00:07:07.160 --> 00:07:07.170 align:start position:0% decentralized governance system it's a 00:07:07.170 --> 00:07:09.980 align:start position:0% decentralized governance system it's a decentralization<00:07:08.030> and<00:07:09.030> they<00:07:09.480> don't<00:07:09.780> want<00:07:09.930> to 00:07:09.980 --> 00:07:09.990 align:start position:0% decentralization and they don't want to 00:07:09.990 --> 00:07:12.920 align:start position:0% decentralization and they don't want to be<00:07:10.050> too<00:07:10.260> influential<00:07:10.830> in<00:07:10.920> certain<00:07:11.250> ways<00:07:11.930> but 00:07:12.920 --> 00:07:12.930 align:start position:0% be too influential in certain ways but 00:07:12.930 --> 00:07:14.870 align:start position:0% be too influential in certain ways but there<00:07:13.080> is<00:07:13.200> a<00:07:13.230> cost<00:07:13.530> and<00:07:13.770> consequence<00:07:14.340> to<00:07:14.670> this 00:07:14.870 --> 00:07:14.880 align:start position:0% there is a cost and consequence to this 00:07:14.880 --> 00:07:18.320 align:start position:0% there is a cost and consequence to this and<00:07:15.230> it's<00:07:16.230> the<00:07:16.440> void<00:07:16.680> of<00:07:16.980> kind<00:07:17.640> of<00:07:17.700> messaging 00:07:18.320 --> 00:07:18.330 align:start position:0% and it's the void of kind of messaging 00:07:18.330 --> 00:07:20.780 align:start position:0% and it's the void of kind of messaging and<00:07:18.450> support<00:07:18.900> by<00:07:19.560> mainstream<00:07:20.070> influencers 00:07:20.780 --> 00:07:20.790 align:start position:0% and support by mainstream influencers 00:07:20.790 --> 00:07:24.410 align:start position:0% and support by mainstream influencers that<00:07:21.030> is<00:07:21.780> filled<00:07:22.350> by<00:07:22.950> FUD<00:07:23.310> and<00:07:23.580> complaint<00:07:24.150> and 00:07:24.410 --> 00:07:24.420 align:start position:0% that is filled by FUD and complaint and 00:07:24.420 --> 00:07:27.080 align:start position:0% that is filled by FUD and complaint and doubt<00:07:24.900> and<00:07:25.140> there<00:07:26.040> are<00:07:26.130> many<00:07:26.280> ways<00:07:26.400> that<00:07:26.610> VCS<00:07:26.970> I 00:07:27.080 --> 00:07:27.090 align:start position:0% doubt and there are many ways that VCS I 00:07:27.090 --> 00:07:29.240 align:start position:0% doubt and there are many ways that VCS I think<00:07:27.540> can<00:07:27.840> help<00:07:28.020> and<00:07:28.320> that's<00:07:28.800> what<00:07:28.920> we<00:07:29.010> do<00:07:29.130> in 00:07:29.240 --> 00:07:29.250 align:start position:0% think can help and that's what we do in 00:07:29.250 --> 00:07:31.460 align:start position:0% think can help and that's what we do in our<00:07:29.340> daily<00:07:29.640> life<00:07:30.000> but<00:07:30.870> in<00:07:30.960> my<00:07:31.050> mind<00:07:31.260> this<00:07:31.350> is 00:07:31.460 --> 00:07:31.470 align:start position:0% our daily life but in my mind this is 00:07:31.470 --> 00:07:32.330 align:start position:0% our daily life but in my mind this is one<00:07:31.590> of<00:07:31.680> the<00:07:31.740> most<00:07:31.890> immediate<00:07:32.130> and 00:07:32.330 --> 00:07:32.340 align:start position:0% one of the most immediate and 00:07:32.340 --> 00:07:34.880 align:start position:0% one of the most immediate and influential<00:07:32.820> roles<00:07:33.150> that<00:07:33.390> VC's<00:07:34.080> can<00:07:34.290> turn<00:07:34.710> on 00:07:34.880 --> 00:07:34.890 align:start position:0% influential roles that VC's can turn on 00:07:34.890 --> 00:07:39.290 align:start position:0% influential roles that VC's can turn on immediately<00:07:35.430> to<00:07:36.090> help<00:07:36.270> grow<00:07:36.480> etherium<00:07:38.300> so 00:07:39.290 --> 00:07:39.300 align:start position:0% immediately to help grow etherium so 00:07:39.300 --> 00:07:42.680 align:start position:0% immediately to help grow etherium so that<00:07:39.420> leads<00:07:39.630> us<00:07:39.810> to<00:07:39.990> why<00:07:41.120> why<00:07:42.120> do<00:07:42.180> we<00:07:42.450> want<00:07:42.630> to 00:07:42.680 --> 00:07:42.690 align:start position:0% that leads us to why why do we want to 00:07:42.690 --> 00:07:45.080 align:start position:0% that leads us to why why do we want to help<00:07:42.900> as<00:07:43.080> VCS<00:07:43.890> and<00:07:44.130> it<00:07:44.700> leads<00:07:44.820> to<00:07:44.940> the 00:07:45.080 --> 00:07:45.090 align:start position:0% help as VCS and it leads to the 00:07:45.090 --> 00:07:46.880 align:start position:0% help as VCS and it leads to the incentives<00:07:45.630> and<00:07:45.780> alignments<00:07:46.350> of<00:07:46.410> VCS<00:07:46.800> who 00:07:46.880 --> 00:07:46.890 align:start position:0% incentives and alignments of VCS who 00:07:46.890 --> 00:07:48.320 align:start position:0% incentives and alignments of VCS who have<00:07:46.980> significant<00:07:47.460> investments<00:07:47.940> in<00:07:48.030> ether 00:07:48.320 --> 00:07:48.330 align:start position:0% have significant investments in ether 00:07:48.330 --> 00:07:51.020 align:start position:0% have significant investments in ether and<00:07:48.510> the<00:07:49.170> ecosystem<00:07:49.710> projects<00:07:50.190> how<00:07:50.670> can<00:07:50.910> the 00:07:51.020 --> 00:07:51.030 align:start position:0% and the ecosystem projects how can the 00:07:51.030 --> 00:07:53.300 align:start position:0% and the ecosystem projects how can the community<00:07:51.150> understand<00:07:52.050> and<00:07:52.320> evaluate<00:07:53.160> our 00:07:53.300 --> 00:07:53.310 align:start position:0% community understand and evaluate our 00:07:53.310 --> 00:07:55.190 align:start position:0% community understand and evaluate our incentives<00:07:53.910> for<00:07:54.060> choosing<00:07:54.600> and<00:07:54.750> boosting 00:07:55.190 --> 00:07:55.200 align:start position:0% incentives for choosing and boosting 00:07:55.200 --> 00:07:57.860 align:start position:0% incentives for choosing and boosting aetherium<00:07:55.500> signal<00:07:55.920> well<00:07:56.460> first<00:07:56.700> the<00:07:57.600> talaq 00:07:57.860 --> 00:07:57.870 align:start position:0% aetherium signal well first the talaq 00:07:57.870 --> 00:07:59.210 align:start position:0% aetherium signal well first the talaq was<00:07:57.960> talking<00:07:58.200> about<00:07:58.260> economic<00:07:58.740> incentives 00:07:59.210 --> 00:07:59.220 align:start position:0% was talking about economic incentives 00:07:59.220 --> 00:08:02.000 align:start position:0% was talking about economic incentives let's<00:07:59.400> just<00:07:59.550> address<00:07:59.700> those<00:08:00.290> obviously<00:08:01.290> we<00:08:01.890> as 00:08:02.000 --> 00:08:02.010 align:start position:0% let's just address those obviously we as 00:08:02.010 --> 00:08:03.680 align:start position:0% let's just address those obviously we as VCS<00:08:02.490> who<00:08:02.700> are<00:08:02.760> invested<00:08:03.210> long<00:08:03.420> term<00:08:03.600> in 00:08:03.680 --> 00:08:03.690 align:start position:0% VCS who are invested long term in 00:08:03.690 --> 00:08:05.270 align:start position:0% VCS who are invested long term in aetherium<00:08:03.990> have<00:08:04.110> a<00:08:04.140> financial<00:08:04.830> a<00:08:04.950> direct 00:08:05.270 --> 00:08:05.280 align:start position:0% aetherium have a financial a direct 00:08:05.280 --> 00:08:07.610 align:start position:0% aetherium have a financial a direct financial<00:08:05.610> interest<00:08:05.790> in<00:08:06.240> the<00:08:06.780> price<00:08:07.080> of<00:08:07.380> eath 00:08:07.610 --> 00:08:07.620 align:start position:0% financial interest in the price of eath 00:08:07.620 --> 00:08:10.970 align:start position:0% financial interest in the price of eath and<00:08:08.000> many<00:08:09.000> funds<00:08:09.210> that<00:08:09.330> I<00:08:09.450> know<00:08:09.510> have<00:08:09.780> put<00:08:10.020> 10% 00:08:10.970 --> 00:08:10.980 align:start position:0% and many funds that I know have put 10% 00:08:10.980 --> 00:08:13.040 align:start position:0% and many funds that I know have put 10% of<00:08:11.130> their<00:08:11.250> fund<00:08:11.460> in<00:08:11.700> aetherium<00:08:12.270> now<00:08:12.900> I<00:08:12.930> don't 00:08:13.040 --> 00:08:13.050 align:start position:0% of their fund in aetherium now I don't 00:08:13.050 --> 00:08:14.780 align:start position:0% of their fund in aetherium now I don't know<00:08:13.170> how<00:08:13.230> much<00:08:13.320> you<00:08:13.470> know<00:08:13.560> about<00:08:13.650> VC<00:08:14.040> math<00:08:14.250> but 00:08:14.780 --> 00:08:14.790 align:start position:0% know how much you know about VC math but 00:08:14.790 --> 00:08:16.340 align:start position:0% know how much you know about VC math but a<00:08:14.970> lot<00:08:15.240> of<00:08:15.330> these<00:08:15.420> funds<00:08:15.690> are<00:08:15.780> depending<00:08:16.200> on 00:08:16.340 --> 00:08:16.350 align:start position:0% a lot of these funds are depending on 00:08:16.350 --> 00:08:18.890 align:start position:0% a lot of these funds are depending on their<00:08:16.920> investment<00:08:17.370> in<00:08:17.460> aetherium<00:08:17.820> to<00:08:18.180> go<00:08:18.720> up 00:08:18.890 --> 00:08:18.900 align:start position:0% their investment in aetherium to go up 00:08:18.900 --> 00:08:21.230 align:start position:0% their investment in aetherium to go up many<00:08:19.440> many<00:08:19.680> multiples<00:08:20.220> in<00:08:20.520> order<00:08:20.790> to<00:08:20.880> return 00:08:21.230 --> 00:08:21.240 align:start position:0% many many multiples in order to return 00:08:21.240 --> 00:08:23.840 align:start position:0% many many multiples in order to return the<00:08:21.870> fund<00:08:22.080> itself<00:08:22.380> that's<00:08:22.620> just<00:08:22.830> VC<00:08:23.130> math<00:08:23.310> it 00:08:23.840 --> 00:08:23.850 align:start position:0% the fund itself that's just VC math it 00:08:23.850 --> 00:08:25.550 align:start position:0% the fund itself that's just VC math it means<00:08:24.210> that<00:08:24.420> they're<00:08:24.570> really<00:08:24.780> depending<00:08:25.410> on 00:08:25.550 --> 00:08:25.560 align:start position:0% means that they're really depending on 00:08:25.560 --> 00:08:30.410 align:start position:0% means that they're really depending on if<00:08:25.830> to<00:08:26.250> grow<00:08:26.550> long<00:08:27.090> term<00:08:27.830> but<00:08:29.060> most<00:08:30.060> large 00:08:30.410 --> 00:08:30.420 align:start position:0% if to grow long term but most large 00:08:30.420 --> 00:08:32.150 align:start position:0% if to grow long term but most large crypto<00:08:30.720> VCS<00:08:31.050> who<00:08:31.200> hold<00:08:31.410> the<00:08:31.500> theorem<00:08:31.770> are<00:08:31.950> not 00:08:32.150 --> 00:08:32.160 align:start position:0% crypto VCS who hold the theorem are not 00:08:32.160 --> 00:08:34.219 align:start position:0% crypto VCS who hold the theorem are not really<00:08:32.610> speculating<00:08:33.330> on<00:08:33.450> the<00:08:33.690> price<00:08:33.990> only 00:08:34.219 --> 00:08:34.229 align:start position:0% really speculating on the price only 00:08:34.229 --> 00:08:36.469 align:start position:0% really speculating on the price only their<00:08:35.130> investors<00:08:35.610> with<00:08:35.820> long<00:08:36.120> term 00:08:36.469 --> 00:08:36.479 align:start position:0% their investors with long term 00:08:36.479 --> 00:08:38.210 align:start position:0% their investors with long term investment<00:08:37.260> horizons<00:08:37.710> and<00:08:37.800> they're 00:08:38.210 --> 00:08:38.220 align:start position:0% investment horizons and they're 00:08:38.220 --> 00:08:39.740 align:start position:0% investment horizons and they're investing<00:08:38.610> in<00:08:38.700> the<00:08:38.790> technology<00:08:39.450> and<00:08:39.479> the 00:08:39.740 --> 00:08:39.750 align:start position:0% investing in the technology and the 00:08:39.750 --> 00:08:42.380 align:start position:0% investing in the technology and the ecosystem<00:08:40.470> like<00:08:40.979> traditional<00:08:41.550> VCS<00:08:42.030> and<00:08:42.150> they 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position:0% understand that because there's a sense perhaps<00:08:48.000> that<00:08:48.360> I've<00:08:48.480> heard<00:08:48.750> where<00:08:49.260> people 00:08:49.490 --> 00:08:49.500 align:start position:0% perhaps that I've heard where people 00:08:49.500 --> 00:08:51.440 align:start position:0% perhaps that I've heard where people think<00:08:49.680> that<00:08:49.800> these<00:08:50.370> are<00:08:50.640> just<00:08:50.700> flipping<00:08:51.180> coins 00:08:51.440 --> 00:08:51.450 align:start position:0% think that these are just flipping coins 00:08:51.450 --> 00:08:54.560 align:start position:0% think that these are just flipping coins some<00:08:52.380> of<00:08:52.500> them<00:08:52.590> are<00:08:52.740> that's<00:08:53.340> fair<00:08:53.610> but<00:08:54.150> many 00:08:54.560 --> 00:08:54.570 align:start position:0% some of them are that's fair but many 00:08:54.570 --> 00:08:56.400 align:start position:0% some of them are that's fair but many are<00:08:54.720> not<00:08:54.900> and<00:08:55.230> the<00:08:55.380> earliest<00:08:55.710> ones<00:08:55.860> are<00:08:55.980> not 00:08:56.400 --> 00:08:56.410 align:start position:0% are not and the earliest ones are not 00:08:56.410 --> 00:08:58.080 align:start position:0% are not and the earliest ones are not yes<00:08:57.100> there<00:08:57.280> are<00:08:57.310> trading<00:08:57.610> funds<00:08:57.850> but<00:08:57.970> they're 00:08:58.080 --> 00:08:58.090 align:start position:0% yes there are trading funds but they're 00:08:58.090 --> 00:09:00.300 align:start position:0% yes there are trading funds but they're different<00:08:58.390> than<00:08:58.630> VCS<00:08:59.110> and<00:08:59.290> second<00:09:00.250> I<00:09:00.280> think 00:09:00.300 --> 00:09:00.310 align:start position:0% different than VCS and second I think 00:09:00.310 --> 00:09:01.740 align:start position:0% different than VCS and second I think that<00:09:00.640> many<00:09:00.820> of<00:09:00.910> us<00:09:01.000> who<00:09:01.090> have<00:09:01.270> invested 00:09:01.740 --> 00:09:01.750 align:start position:0% that many of us who have invested 00:09:01.750 --> 00:09:03.480 align:start position:0% that many of us who have invested significant<00:09:02.260> portions<00:09:02.710> of<00:09:02.830> our<00:09:02.920> portfolios 00:09:03.480 --> 00:09:03.490 align:start position:0% significant portions of our portfolios 00:09:03.490 --> 00:09:06.630 align:start position:0% significant portions of our portfolios in<00:09:04.450> the<00:09:04.630> equity<00:09:05.110> of<00:09:05.200> companies<00:09:05.620> are<00:09:06.280> based<00:09:06.550> in 00:09:06.630 --> 00:09:06.640 align:start position:0% in the equity of companies are based in 00:09:06.640 --> 00:09:08.460 align:start position:0% in the equity of companies are based in aetherium<00:09:07.120> and<00:09:07.270> again<00:09:07.630> these<00:09:07.750> are<00:09:07.900> five<00:09:08.200> to 00:09:08.460 --> 00:09:08.470 align:start position:0% aetherium and again these are five to 00:09:08.470 --> 00:09:09.960 align:start position:0% aetherium and again these are five to ten<00:09:08.680> year<00:09:08.800> investment<00:09:09.070> horizons<00:09:09.700> that<00:09:09.880> were 00:09:09.960 --> 00:09:09.970 align:start position:0% ten year investment horizons that were 00:09:09.970 --> 00:09:11.820 align:start position:0% ten year investment horizons that were trying<00:09:10.270> to<00:09:10.390> grow<00:09:10.600> companies<00:09:10.930> equity<00:09:11.680> on 00:09:11.820 --> 00:09:11.830 align:start position:0% trying to grow companies equity on 00:09:11.830 --> 00:09:16.110 align:start position:0% trying to grow companies equity on aetherium<00:09:12.660> if<00:09:13.660> aetherium<00:09:14.530> doesn't<00:09:15.190> work<00:09:15.490> if 00:09:16.110 --> 00:09:16.120 align:start position:0% aetherium if aetherium doesn't work if 00:09:16.120 --> 00:09:17.970 align:start position:0% aetherium if aetherium doesn't work if it<00:09:16.330> doesn't<00:09:16.360> scale<00:09:16.990> if<00:09:17.320> it<00:09:17.470> doesn't<00:09:17.740> grow<00:09:17.860> its 00:09:17.970 --> 00:09:17.980 align:start position:0% it doesn't scale if it doesn't grow its 00:09:17.980 --> 00:09:20.700 align:start position:0% it doesn't scale if it doesn't grow its user<00:09:18.190> base<00:09:18.280> a<00:09:18.760> large<00:09:19.450> portion<00:09:20.170> of<00:09:20.200> our 00:09:20.700 --> 00:09:20.710 align:start position:0% user base a large portion of our 00:09:20.710 --> 00:09:24.030 align:start position:0% user base a large portion of our portfolios<00:09:21.490> will<00:09:22.060> starve<00:09:22.540> to<00:09:22.660> death<00:09:22.840> and<00:09:23.380> then 00:09:24.030 --> 00:09:24.040 align:start position:0% portfolios will starve to death and then 00:09:24.040 --> 00:09:29.610 align:start position:0% portfolios will starve to death and then we<00:09:24.820> as<00:09:24.970> VCS<00:09:25.420> will<00:09:26.170> starve<00:09:26.440> to<00:09:26.470> death<00:09:28.380> 2/3<00:09:29.380> I 00:09:29.610 --> 00:09:29.620 align:start position:0% we as VCS will starve to death 2/3 I 00:09:29.620 --> 00:09:31.410 align:start position:0% we as VCS will starve to death 2/3 I think<00:09:29.890> that<00:09:30.040> etherium<00:09:30.400> is<00:09:30.520> in<00:09:30.730> many<00:09:30.940> ways<00:09:31.150> a 00:09:31.410 --> 00:09:31.420 align:start position:0% think that etherium is in many ways a 00:09:31.420 --> 00:09:33.780 align:start position:0% think that etherium is in many ways a proxy<00:09:31.930> for<00:09:32.050> the<00:09:32.140> health<00:09:32.380> of<00:09:32.790> decentralized 00:09:33.780 --> 00:09:33.790 align:start position:0% proxy for the health of decentralized 00:09:33.790 --> 00:09:35.850 align:start position:0% proxy for the health of decentralized technology<00:09:34.060> generally<00:09:34.840> aetherium<00:09:35.590> is<00:09:35.680> almost 00:09:35.850 --> 00:09:35.860 align:start position:0% technology generally aetherium is almost 00:09:35.860 --> 00:09:37.530 align:start position:0% technology generally aetherium is almost synonymous<00:09:36.040> for<00:09:36.460> blockchain<00:09:36.880> technology<00:09:37.360> and 00:09:37.530 --> 00:09:37.540 align:start position:0% synonymous for blockchain technology and 00:09:37.540 --> 00:09:38.880 align:start position:0% synonymous for blockchain technology and whenever<00:09:38.020> someone<00:09:38.320> says<00:09:38.470> that<00:09:38.680> aetherium 00:09:38.880 --> 00:09:38.890 align:start position:0% whenever someone says that aetherium 00:09:38.890 --> 00:09:40.740 align:start position:0% whenever someone says that aetherium doesn't<00:09:39.250> scale<00:09:39.490> it's<00:09:40.000> an<00:09:40.150> indictment<00:09:40.420> of<00:09:40.660> the 00:09:40.740 --> 00:09:40.750 align:start position:0% doesn't scale it's an indictment of the 00:09:40.750 --> 00:09:42.870 align:start position:0% doesn't scale it's an indictment of the entire<00:09:41.110> industry<00:09:41.770> because<00:09:42.340> etherium<00:09:42.670> is<00:09:42.760> the 00:09:42.870 --> 00:09:42.880 align:start position:0% entire industry because etherium is the 00:09:42.880 --> 00:09:44.700 align:start position:0% entire industry because etherium is the largest<00:09:43.330> and<00:09:43.480> most<00:09:43.510> holistically<00:09:44.290> developed 00:09:44.700 --> 00:09:44.710 align:start position:0% largest and most holistically developed 00:09:44.710 --> 00:09:46.770 align:start position:0% largest and most holistically developed public<00:09:45.100> blockchain<00:09:45.580> it's<00:09:46.270> really<00:09:46.600> bad<00:09:46.750> for 00:09:46.770 --> 00:09:46.780 align:start position:0% public blockchain it's really bad for 00:09:46.780 --> 00:09:48.300 align:start position:0% public blockchain it's really bad for business<00:09:47.290> for<00:09:47.470> people<00:09:47.740> to<00:09:47.830> be<00:09:47.920> you<00:09:48.220> know 00:09:48.300 --> 00:09:48.310 align:start position:0% business for people to be you know 00:09:48.310 --> 00:09:51.000 align:start position:0% business for people to be you know continuing<00:09:48.790> this<00:09:48.940> flood<00:09:49.150> so<00:09:49.840> I<00:09:50.110> think<00:09:50.770> we've 00:09:51.000 --> 00:09:51.010 align:start position:0% continuing this flood so I think we've 00:09:51.010 --> 00:09:52.500 align:start position:0% continuing this flood so I think we've established<00:09:51.100> with<00:09:51.430> the<00:09:51.460> financial<00:09:52.000> alignment 00:09:52.500 --> 00:09:52.510 align:start position:0% established with the financial alignment 00:09:52.510 --> 00:09:54.630 align:start position:0% established with the financial alignment of<00:09:52.630> VCS<00:09:53.470> and<00:09:53.590> why<00:09:53.800> we<00:09:53.950> want<00:09:54.100> to<00:09:54.160> help<00:09:54.280> grow<00:09:54.490> the 00:09:54.630 --> 00:09:54.640 align:start position:0% of VCS and why we want to help grow the 00:09:54.640 --> 00:09:56.730 align:start position:0% of VCS and why we want to help grow the ecosystem<00:09:55.330> not<00:09:55.720> just<00:09:55.990> the<00:09:56.080> companies<00:09:56.440> on<00:09:56.560> top 00:09:56.730 --> 00:09:56.740 align:start position:0% ecosystem not just the companies on top 00:09:56.740 --> 00:10:00.060 align:start position:0% ecosystem not just the companies on top is<00:09:56.920> clear<00:09:57.900> we<00:09:58.900> need<00:09:59.110> aetherium<00:09:59.440> price<00:09:59.830> and 00:10:00.060 --> 00:10:00.070 align:start position:0% is clear we need aetherium price and 00:10:00.070 --> 00:10:02.400 align:start position:0% is clear we need aetherium price and especially<00:10:00.580> utility<00:10:01.210> and<00:10:01.390> the<00:10:01.930> companies<00:10:02.260> on 00:10:02.400 --> 00:10:02.410 align:start position:0% especially utility and the companies on 00:10:02.410 --> 00:10:04.530 align:start position:0% especially utility and the companies on top<00:10:02.620> to<00:10:02.800> grow<00:10:03.070> so<00:10:03.640> that<00:10:03.760> we<00:10:04.000> can<00:10:04.180> make<00:10:04.330> money 00:10:04.530 --> 00:10:04.540 align:start position:0% top to grow so that we can make money 00:10:04.540 --> 00:10:06.360 align:start position:0% top to grow so that we can make money and<00:10:04.810> drive<00:10:05.290> returns<00:10:05.650> for<00:10:05.860> our<00:10:05.890> investors 00:10:06.360 --> 00:10:06.370 align:start position:0% and drive returns for our investors 00:10:06.370 --> 00:10:09.780 align:start position:0% and drive returns for our investors that's<00:10:07.030> the<00:10:07.240> financial<00:10:07.420> side<00:10:08.550> now<00:10:09.550> if<00:10:09.670> your 00:10:09.780 --> 00:10:09.790 align:start position:0% that's the financial side now if your 00:10:09.790 --> 00:10:11.220 align:start position:0% that's the financial side now if your dev<00:10:10.030> or<00:10:10.240> our<00:10:10.510> founder<00:10:10.840> maybe<00:10:10.990> you're<00:10:11.140> thinking 00:10:11.220 --> 00:10:11.230 align:start position:0% dev or our founder maybe you're thinking 00:10:11.230 --> 00:10:12.510 align:start position:0% dev or our founder maybe you're thinking okay<00:10:11.650> well<00:10:11.830> that's<00:10:12.040> basically<00:10:12.190> what<00:10:12.460> I 00:10:12.510 --> 00:10:12.520 align:start position:0% okay well that's basically what I 00:10:12.520 --> 00:10:12.870 align:start position:0% okay well that's basically what I thought 00:10:12.870 --> 00:10:12.880 align:start position:0% thought 00:10:12.880 --> 00:10:16.170 align:start position:0% thought VC<00:10:13.450> just<00:10:13.630> want<00:10:13.750> to<00:10:13.810> make<00:10:13.900> money<00:10:14.020> cool<00:10:14.970> well<00:10:15.970> yes 00:10:16.170 --> 00:10:16.180 align:start position:0% VC just want to make money cool well yes 00:10:16.180 --> 00:10:19.440 align:start position:0% VC just want to make money cool well yes and<00:10:16.330> no<00:10:16.440> yes<00:10:17.440> we<00:10:17.470> want<00:10:17.800> to<00:10:17.890> make<00:10:18.010> money<00:10:18.190> but<00:10:19.000> no 00:10:19.440 --> 00:10:19.450 align:start position:0% and no yes we want to make money but no 00:10:19.450 --> 00:10:23.070 align:start position:0% and no yes we want to make money but no that's<00:10:19.750> not<00:10:20.020> all<00:10:20.380> we<00:10:20.620> want<00:10:21.720> it's<00:10:22.720> actually 00:10:23.070 --> 00:10:23.080 align:start position:0% that's not all we want it's actually 00:10:23.080 --> 00:10:24.480 align:start position:0% that's not all we want it's actually this<00:10:23.200> fourth<00:10:23.500> reason<00:10:23.680> that<00:10:23.860> I<00:10:23.920> think<00:10:24.190> is<00:10:24.310> the 00:10:24.480 --> 00:10:24.490 align:start position:0% this fourth reason that I think is the 00:10:24.490 --> 00:10:26.610 align:start position:0% this fourth reason that I think is the most<00:10:24.760> important<00:10:25.270> and<00:10:25.480> why<00:10:25.840> most<00:10:26.020> of<00:10:26.200> us<00:10:26.320> are<00:10:26.440> in 00:10:26.610 --> 00:10:26.620 align:start position:0% most important and why most of us are in 00:10:26.620 --> 00:10:28.920 align:start position:0% most important and why most of us are in it<00:10:26.800> in<00:10:27.010> reality<00:10:27.670> the<00:10:27.940> financial<00:10:28.360> side<00:10:28.510> of<00:10:28.660> VC 00:10:28.920 --> 00:10:28.930 align:start position:0% it in reality the financial side of VC 00:10:28.930 --> 00:10:30.840 align:start position:0% it in reality the financial side of VC is<00:10:29.020> not<00:10:29.230> why<00:10:29.410> most<00:10:29.650> of<00:10:29.740> us<00:10:29.830> got<00:10:30.100> into<00:10:30.340> investing 00:10:30.840 --> 00:10:30.850 align:start position:0% is not why most of us got into investing 00:10:30.850 --> 00:10:32.670 align:start position:0% is not why most of us got into investing in<00:10:31.180> reality<00:10:31.720> the<00:10:31.810> much<00:10:31.960> more<00:10:32.170> powerful 00:10:32.670 --> 00:10:32.680 align:start position:0% in reality the much more powerful 00:10:32.680 --> 00:10:34.650 align:start position:0% in reality the much more powerful incentive<00:10:33.100> and<00:10:33.190> alignment<00:10:33.670> is<00:10:33.820> that<00:10:34.480> we 00:10:34.650 --> 00:10:34.660 align:start position:0% incentive and alignment is that we 00:10:34.660 --> 00:10:37.050 align:start position:0% incentive and alignment is that we really<00:10:35.140> loved<00:10:35.680> and<00:10:35.950> believed<00:10:36.250> in<00:10:36.520> aetherium 00:10:37.050 --> 00:10:37.060 align:start position:0% really loved and believed in aetherium 00:10:37.060 --> 00:10:39.720 align:start position:0% really loved and believed in aetherium our<00:10:37.840> passion<00:10:38.560> and<00:10:38.740> belief<00:10:39.010> in<00:10:39.100> aetherium<00:10:39.640> is 00:10:39.720 --> 00:10:39.730 align:start position:0% our passion and belief in aetherium is 00:10:39.730 --> 00:10:43.050 align:start position:0% our passion and belief in aetherium is the<00:10:40.480> most<00:10:40.810> reliable<00:10:41.590> indicator<00:10:41.770> of<00:10:42.340> our 00:10:43.050 --> 00:10:43.060 align:start position:0% the most reliable indicator of our 00:10:43.060 --> 00:10:46.620 align:start position:0% the most reliable indicator of our long-term<00:10:43.510> investment<00:10:44.350> in<00:10:44.530> the<00:10:45.040> space<00:10:45.630> many 00:10:46.620 --> 00:10:46.630 align:start position:0% long-term investment in the space many 00:10:46.630 --> 00:10:48.570 align:start position:0% long-term investment in the space many of<00:10:46.780> us<00:10:46.930> who<00:10:47.260> are<00:10:47.380> the<00:10:47.500> long-term<00:10:47.710> holders<00:10:48.400> were 00:10:48.570 --> 00:10:48.580 align:start position:0% of us who are the long-term holders were 00:10:48.580 --> 00:10:50.550 align:start position:0% of us who are the long-term holders were there<00:10:48.850> at<00:10:49.030> the<00:10:49.120> beginning<00:10:49.240> I<00:10:49.780> did<00:10:50.290> a<00:10:50.320> short 00:10:50.550 --> 00:10:50.560 align:start position:0% there at the beginning I did a short 00:10:50.560 --> 00:10:52.350 align:start position:0% there at the beginning I did a short survey<00:10:50.980> of<00:10:51.160> some<00:10:51.610> of<00:10:51.730> my<00:10:51.820> friends<00:10:52.120> who<00:10:52.240> are 00:10:52.350 --> 00:10:52.360 align:start position:0% survey of some of my friends who are 00:10:52.360 --> 00:10:55.290 align:start position:0% survey of some of my friends who are long-term<00:10:52.540> holders<00:10:53.050> and<00:10:53.310> 75%<00:10:54.310> of<00:10:54.730> them<00:10:54.910> were 00:10:55.290 --> 00:10:55.300 align:start position:0% long-term holders and 75% of them were 00:10:55.300 --> 00:10:56.790 align:start position:0% long-term holders and 75% of them were invested<00:10:55.810> within<00:10:56.050> the<00:10:56.140> first<00:10:56.350> year<00:10:56.530> of 00:10:56.790 --> 00:10:56.800 align:start position:0% invested within the first year of 00:10:56.800 --> 00:11:03.300 align:start position:0% invested within the first year of aetherium<00:10:57.340> between<00:10:57.910> 2014<00:10:58.660> and<00:10:58.720> 2015<00:10:59.580> now<00:11:02.310> we 00:11:03.300 --> 00:11:03.310 align:start position:0% aetherium between 2014 and 2015 now we 00:11:03.310 --> 00:11:04.740 align:start position:0% aetherium between 2014 and 2015 now we believe<00:11:03.610> in<00:11:03.820> the<00:11:03.910> idea<00:11:04.150> of<00:11:04.210> decentralisation 00:11:04.740 --> 00:11:04.750 align:start position:0% believe in the idea of decentralisation 00:11:04.750 --> 00:11:07.110 align:start position:0% believe in the idea of decentralisation we<00:11:05.680> admire<00:11:06.040> the<00:11:06.250> developers<00:11:06.700> in<00:11:06.790> the<00:11:06.880> etherium 00:11:07.110 --> 00:11:07.120 align:start position:0% we admire the developers in the etherium 00:11:07.120 --> 00:11:09.140 align:start position:0% we admire the developers in the etherium community<00:11:07.570> building<00:11:07.900> the<00:11:07.960> platform<00:11:08.410> and<00:11:08.500> most 00:11:09.140 --> 00:11:09.150 align:start position:0% community building the platform and most 00:11:09.150 --> 00:11:10.940 align:start position:0% community building the platform and most importantly<00:11:09.450> we<00:11:09.570> respect<00:11:10.110> the<00:11:10.350> tone<00:11:10.620> and 00:11:10.940 --> 00:11:10.950 align:start position:0% importantly we respect the tone and 00:11:10.950 --> 00:11:13.160 align:start position:0% importantly we respect the tone and tenor<00:11:11.190> of<00:11:11.340> the<00:11:11.520> community<00:11:11.970> it<00:11:12.480> is<00:11:12.540> the<00:11:12.900> most 00:11:13.160 --> 00:11:13.170 align:start position:0% tenor of the community it is the most 00:11:13.170 --> 00:11:15.860 align:start position:0% tenor of the community it is the most single<00:11:14.360> differentiating<00:11:15.360> factor<00:11:15.780> of<00:11:15.840> a 00:11:15.860 --> 00:11:15.870 align:start position:0% single differentiating factor of a 00:11:15.870 --> 00:11:18.230 align:start position:0% single differentiating factor of a theorem<00:11:16.200> in<00:11:16.290> my<00:11:16.410> mind<00:11:16.620> and<00:11:16.890> we<00:11:17.730> remember<00:11:18.120> how 00:11:18.230 --> 00:11:18.240 align:start position:0% theorem in my mind and we remember how 00:11:18.240 --> 00:11:19.580 align:start position:0% theorem in my mind and we remember how far<00:11:18.450> we've<00:11:18.600> come<00:11:18.630> from<00:11:18.810> the<00:11:18.990> start<00:11:19.260> just<00:11:19.530> like 00:11:19.580 --> 00:11:19.590 align:start position:0% far we've come from the start just like 00:11:19.590 --> 00:11:21.500 align:start position:0% far we've come from the start just like you<00:11:19.920> when<00:11:20.520> you<00:11:21.120> know<00:11:21.240> the<00:11:21.330> financial 00:11:21.500 --> 00:11:21.510 align:start position:0% you when you know the financial 00:11:21.510 --> 00:11:23.780 align:start position:0% you when you know the financial opportunity<00:11:21.780> was<00:11:22.260> non-existent<00:11:22.620> really<00:11:23.610> kind 00:11:23.780 --> 00:11:23.790 align:start position:0% opportunity was non-existent really kind 00:11:23.790 --> 00:11:25.310 align:start position:0% opportunity was non-existent really kind of<00:11:23.850> uncertain<00:11:24.420> the<00:11:24.480> path<00:11:24.660> is<00:11:24.810> uncertain<00:11:25.200> and 00:11:25.310 --> 00:11:25.320 align:start position:0% of uncertain the path is uncertain and 00:11:25.320 --> 00:11:27.620 align:start position:0% of uncertain the path is uncertain and the<00:11:25.620> risk<00:11:25.770> of<00:11:25.830> failure<00:11:26.010> far<00:11:26.250> greater<00:11:26.550> and<00:11:26.940> this 00:11:27.620 --> 00:11:27.630 align:start position:0% the risk of failure far greater and this 00:11:27.630 --> 00:11:28.940 align:start position:0% the risk of failure far greater and this is<00:11:27.750> why<00:11:27.870> we<00:11:28.020> get<00:11:28.230> that<00:11:28.380> it's<00:11:28.500> different<00:11:28.770> than 00:11:28.940 --> 00:11:28.950 align:start position:0% is why we get that it's different than 00:11:28.950 --> 00:11:31.190 align:start position:0% is why we get that it's different than 99%<00:11:29.460> of<00:11:29.730> the<00:11:30.240> other<00:11:30.360> protocols<00:11:30.840> and<00:11:31.020> better 00:11:31.190 --> 00:11:31.200 align:start position:0% 99% of the other protocols and better 00:11:31.200 --> 00:11:33.920 align:start position:0% 99% of the other protocols and better than<00:11:31.410> 99%<00:11:31.860> of<00:11:32.070> the<00:11:32.160> other<00:11:32.280> protocols<00:11:32.750> it's<00:11:33.750> the 00:11:33.920 --> 00:11:33.930 align:start position:0% than 99% of the other protocols it's the 00:11:33.930 --> 00:11:37.670 align:start position:0% than 99% of the other protocols it's the community<00:11:34.350> that's<00:11:34.470> been<00:11:34.620> built<00:11:36.380> for<00:11:37.380> many<00:11:37.560> of 00:11:37.670 --> 00:11:37.680 align:start position:0% community that's been built for many of 00:11:37.680 --> 00:11:39.350 align:start position:0% community that's been built for many of us<00:11:37.710> aetherium<00:11:38.070> is<00:11:38.160> the<00:11:38.220> purest<00:11:38.700> form<00:11:38.820> of 00:11:39.350 --> 00:11:39.360 align:start position:0% us aetherium is the purest form of 00:11:39.360 --> 00:11:41.540 align:start position:0% us aetherium is the purest form of expression<00:11:39.750> of<00:11:39.990> blockchain<00:11:40.470> and<00:11:40.560> the<00:11:41.100> ideas 00:11:41.540 --> 00:11:41.550 align:start position:0% expression of blockchain and the ideas 00:11:41.550 --> 00:11:43.190 align:start position:0% expression of blockchain and the ideas of<00:11:41.580> community<00:11:42.150> and<00:11:42.240> decentralization<00:11:42.840> that 00:11:43.190 --> 00:11:43.200 align:start position:0% of community and decentralization that 00:11:43.200 --> 00:11:44.960 align:start position:0% of community and decentralization that attracted<00:11:43.920> us<00:11:43.980> to<00:11:44.130> the<00:11:44.220> space<00:11:44.490> in<00:11:44.670> the<00:11:44.760> first 00:11:44.960 --> 00:11:44.970 align:start position:0% attracted us to the space in the first 00:11:44.970 --> 00:11:47.060 align:start position:0% attracted us to the space in the first place<00:11:45.270> we<00:11:46.080> chose<00:11:46.380> to<00:11:46.590> invest<00:11:46.620> in<00:11:47.010> this 00:11:47.060 --> 00:11:47.070 align:start position:0% place we chose to invest in this 00:11:47.070 --> 00:11:49.430 align:start position:0% place we chose to invest in this industry<00:11:47.610> it<00:11:47.970> didn't<00:11:48.270> choose<00:11:48.450> us<00:11:48.480> and<00:11:48.870> that's 00:11:49.430 --> 00:11:49.440 align:start position:0% industry it didn't choose us and that's 00:11:49.440 --> 00:11:50.450 align:start position:0% industry it didn't choose us and that's what<00:11:49.560> I<00:11:49.590> really<00:11:49.800> want<00:11:49.950> you<00:11:50.010> to<00:11:50.040> understand 00:11:50.450 --> 00:11:50.460 align:start position:0% what I really want you to understand 00:11:50.460 --> 00:11:52.580 align:start position:0% what I really want you to understand about<00:11:50.610> some<00:11:51.030> of<00:11:51.150> us<00:11:51.270> VCS<00:11:51.690> who<00:11:51.900> are<00:11:52.020> long<00:11:52.560> and 00:11:52.580 --> 00:11:52.590 align:start position:0% about some of us VCS who are long and 00:11:52.590 --> 00:11:55.130 align:start position:0% about some of us VCS who are long and large<00:11:53.340> and<00:11:53.640> in<00:11:53.700> etherium<00:11:54.180> if<00:11:54.690> you're<00:11:54.900> adi 00:11:55.130 --> 00:11:55.140 align:start position:0% large and in etherium if you're adi 00:11:55.140 --> 00:11:56.990 align:start position:0% large and in etherium if you're adi hydra<00:11:55.440> central<00:11:55.740> is<00:11:55.830> hard<00:11:56.520> to<00:11:56.610> centralist 00:11:56.990 --> 00:11:57.000 align:start position:0% hydra central is hard to centralist 00:11:57.000 --> 00:11:58.580 align:start position:0% hydra central is hard to centralist maybe<00:11:57.480> you're<00:11:57.630> thinking<00:11:57.720> well<00:11:57.960> VCS<00:11:58.320> are<00:11:58.380> part 00:11:58.580 --> 00:11:58.590 align:start position:0% maybe you're thinking well VCS are part 00:11:58.590 --> 00:12:00.770 align:start position:0% maybe you're thinking well VCS are part of<00:11:58.650> the<00:11:58.740> problem<00:11:58.980> because<00:11:59.850> we<00:12:00.150> concentrate 00:12:00.770 --> 00:12:00.780 align:start position:0% of the problem because we concentrate 00:12:00.780 --> 00:12:03.410 align:start position:0% of the problem because we concentrate capital<00:12:01.260> because<00:12:02.010> we're<00:12:02.130> exclusive<00:12:02.580> and 00:12:03.410 --> 00:12:03.420 align:start position:0% capital because we're exclusive and 00:12:03.420 --> 00:12:05.350 align:start position:0% capital because we're exclusive and because<00:12:03.690> we<00:12:03.780> wield<00:12:04.200> outsized<00:12:04.770> influence 00:12:05.350 --> 00:12:05.360 align:start position:0% because we wield outsized influence 00:12:05.360 --> 00:12:07.550 align:start position:0% because we wield outsized influence which<00:12:06.360> bulldoze<00:12:06.870> is<00:12:07.050> the<00:12:07.170> field<00:12:07.410> of 00:12:07.550 --> 00:12:07.560 align:start position:0% which bulldoze is the field of 00:12:07.560 --> 00:12:11.270 align:start position:0% which bulldoze is the field of decentralization<00:12:08.130> and<00:12:08.780> you're<00:12:09.780> not<00:12:09.930> wrong<00:12:10.280> we 00:12:11.270 --> 00:12:11.280 align:start position:0% decentralization and you're not wrong we 00:12:11.280 --> 00:12:14.540 align:start position:0% decentralization and you're not wrong we do<00:12:11.490> concentrate<00:12:12.090> capital<00:12:12.570> we<00:12:13.320> are<00:12:13.620> exclusive 00:12:14.540 --> 00:12:14.550 align:start position:0% do concentrate capital we are exclusive 00:12:14.550 --> 00:12:17.270 align:start position:0% do concentrate capital we are exclusive and<00:12:14.730> we<00:12:14.790> do<00:12:15.210> wield<00:12:15.450> influence<00:12:15.710> but<00:12:16.710> the<00:12:16.950> point 00:12:17.270 --> 00:12:17.280 align:start position:0% and we do wield influence but the point 00:12:17.280 --> 00:12:19.190 align:start position:0% and we do wield influence but the point of<00:12:17.400> this<00:12:17.490> talk<00:12:17.790> is<00:12:18.030> to<00:12:18.330> suggest<00:12:18.810> that<00:12:18.930> maybe 00:12:19.190 --> 00:12:19.200 align:start position:0% of this talk is to suggest that maybe 00:12:19.200 --> 00:12:21.770 align:start position:0% of this talk is to suggest that maybe that's<00:12:19.500> not<00:12:19.710> the<00:12:19.980> end<00:12:20.130> of<00:12:20.280> this<00:12:20.370> story<00:12:20.780> maybe 00:12:21.770 --> 00:12:21.780 align:start position:0% that's not the end of this story maybe 00:12:21.780 --> 00:12:23.090 align:start position:0% that's not the end of this story maybe there's<00:12:22.050> more<00:12:22.110> that<00:12:22.380> unites<00:12:22.710> us<00:12:22.890> than<00:12:22.950> divides 00:12:23.090 --> 00:12:23.100 align:start position:0% there's more that unites us than divides 00:12:23.100 --> 00:12:26.030 align:start position:0% there's more that unites us than divides us<00:12:23.520> our<00:12:24.480> common<00:12:25.110> ground<00:12:25.230> is<00:12:25.530> the<00:12:25.650> belief<00:12:25.890> in 00:12:26.030 --> 00:12:26.040 align:start position:0% us our common ground is the belief in 00:12:26.040 --> 00:12:27.800 align:start position:0% us our common ground is the belief in the<00:12:26.070> product<00:12:26.490> and<00:12:26.610> the<00:12:26.700> mission<00:12:27.060> and<00:12:27.240> maybe 00:12:27.800 --> 00:12:27.810 align:start position:0% the product and the mission and maybe 00:12:27.810 --> 00:12:29.960 align:start position:0% the product and the mission and maybe it's<00:12:27.990> time<00:12:28.200> we<00:12:28.470> can<00:12:28.950> harness<00:12:29.340> our<00:12:29.550> influence 00:12:29.960 --> 00:12:29.970 align:start position:0% it's time we can harness our influence 00:12:29.970 --> 00:12:32.660 align:start position:0% it's time we can harness our influence for<00:12:30.090> the<00:12:30.150> common<00:12:30.420> good<00:12:30.600> I<00:12:31.340> think<00:12:32.340> if<00:12:32.490> the<00:12:32.580> aim 00:12:32.660 --> 00:12:32.670 align:start position:0% for the common good I think if the aim 00:12:32.670 --> 00:12:34.520 align:start position:0% for the common good I think if the aim has<00:12:32.760> come<00:12:32.910> a<00:12:32.940> long<00:12:33.120> way<00:12:33.360> the<00:12:33.900> foundation<00:12:34.230> the 00:12:34.520 --> 00:12:34.530 align:start position:0% has come a long way the foundation the 00:12:34.530 --> 00:12:37.070 align:start position:0% has come a long way the foundation the devs<00:12:34.940> consensus<00:12:35.940> the<00:12:36.120> EEA<00:12:36.390> have<00:12:36.660> done<00:12:36.870> an 00:12:37.070 --> 00:12:37.080 align:start position:0% devs consensus the EEA have done an 00:12:37.080 --> 00:12:38.840 align:start position:0% devs consensus the EEA have done an incredible<00:12:37.800> amount<00:12:38.040> to<00:12:38.250> carry<00:12:38.460> the<00:12:38.580> load<00:12:38.730> this 00:12:38.840 --> 00:12:38.850 align:start position:0% incredible amount to carry the load this 00:12:38.850 --> 00:12:40.880 align:start position:0% incredible amount to carry the load this far<00:12:39.150> but<00:12:39.630> I<00:12:39.660> think<00:12:39.930> the<00:12:40.020> question<00:12:40.170> for<00:12:40.350> now<00:12:40.680> is 00:12:40.880 --> 00:12:40.890 align:start position:0% far but I think the question for now is 00:12:40.890 --> 00:12:42.680 align:start position:0% far but I think the question for now is what<00:12:41.190> can<00:12:41.340> be<00:12:41.460> seized<00:12:41.700> do<00:12:41.880> for<00:12:42.060> our<00:12:42.180> part<00:12:42.570> to 00:12:42.680 --> 00:12:42.690 align:start position:0% what can be seized do for our part to 00:12:42.690 --> 00:12:43.910 align:start position:0% what can be seized do for our part to ensure<00:12:42.930> that<00:12:42.960> if<00:12:43.170> you<00:12:43.230> can<00:12:43.440> really<00:12:43.650> go<00:12:43.740> the 00:12:43.910 --> 00:12:43.920 align:start position:0% ensure that if you can really go the 00:12:43.920 --> 00:12:46.610 align:start position:0% ensure that if you can really go the distance<00:12:44.100> and<00:12:44.990> to<00:12:45.990> really<00:12:46.170> help<00:12:46.350> if<00:12:46.530> you 00:12:46.610 --> 00:12:46.620 align:start position:0% distance and to really help if you 00:12:46.620 --> 00:12:51.770 align:start position:0% distance and to really help if you really<00:12:46.860> succeed<00:12:48.590> so<00:12:49.590> I<00:12:49.920> think<00:12:50.760> in<00:12:51.060> considering 00:12:51.770 --> 00:12:51.780 align:start position:0% really succeed so I think in considering 00:12:51.780 --> 00:12:55.100 align:start position:0% really succeed so I think in considering VCS<00:12:52.170> we<00:12:52.350> can<00:12:52.500> suggest<00:12:53.220> that<00:12:53.930> we're<00:12:54.930> just 00:12:55.100 --> 00:12:55.110 align:start position:0% VCS we can suggest that we're just 00:12:55.110 --> 00:12:58.490 align:start position:0% VCS we can suggest that we're just another<00:12:55.290> node<00:12:55.620> in<00:12:55.770> the<00:12:55.830> network<00:12:56.540> I<00:12:57.540> think<00:12:58.410> it's 00:12:58.490 --> 00:12:58.500 align:start position:0% another node in the network I think it's 00:12:58.500 --> 00:13:00.590 align:start position:0% another node in the network I think it's best<00:12:58.650> to<00:12:58.710> think<00:12:58.920> of<00:12:59.070> VCS<00:12:59.820> not<00:12:59.880> as<00:13:00.180> a<00:13:00.210> class 00:13:00.590 --> 00:13:00.600 align:start position:0% best to think of VCS not as a class 00:13:00.600 --> 00:13:03.050 align:start position:0% best to think of VCS not as a class outside<00:13:00.930> of<00:13:01.380> the<00:13:01.470> etherium<00:13:01.740> ecosystem<00:13:02.370> but 00:13:03.050 --> 00:13:03.060 align:start position:0% outside of the etherium ecosystem but 00:13:03.060 --> 00:13:04.310 align:start position:0% outside of the etherium ecosystem but more<00:13:03.240> like<00:13:03.390> just<00:13:03.570> another<00:13:03.810> node<00:13:04.050> in<00:13:04.230> the 00:13:04.310 --> 00:13:04.320 align:start position:0% more like just another node in the 00:13:04.320 --> 00:13:06.410 align:start position:0% more like just another node in the network<00:13:04.350> just<00:13:04.950> like<00:13:05.490> there<00:13:05.730> are<00:13:05.820> minor<00:13:06.090> nodes 00:13:06.410 --> 00:13:06.420 align:start position:0% network just like there are minor nodes 00:13:06.420 --> 00:13:07.760 align:start position:0% network just like there are minor nodes there<00:13:06.750> are<00:13:06.780> business<00:13:07.200> nodes<00:13:07.440> there<00:13:07.740> are 00:13:07.760 --> 00:13:07.770 align:start position:0% there are business nodes there are 00:13:07.770 --> 00:13:09.260 align:start position:0% there are business nodes there are developer<00:13:08.280> nodes<00:13:08.520> there<00:13:08.790> are<00:13:08.850> other<00:13:08.940> types<00:13:09.150> of 00:13:09.260 --> 00:13:09.270 align:start position:0% developer nodes there are other types of 00:13:09.270 --> 00:13:11.180 align:start position:0% developer nodes there are other types of community<00:13:09.690> nodes<00:13:09.930> who<00:13:10.500> focus<00:13:10.830> on<00:13:10.950> different 00:13:11.180 --> 00:13:11.190 align:start position:0% community nodes who focus on different 00:13:11.190 --> 00:13:13.880 align:start position:0% community nodes who focus on different areas<00:13:11.340> of<00:13:12.330> developing<00:13:12.750> aetherium<00:13:13.230> VCS<00:13:13.770> are<00:13:13.830> a 00:13:13.880 --> 00:13:13.890 align:start position:0% areas of developing aetherium VCS are a 00:13:13.890 --> 00:13:15.740 align:start position:0% areas of developing aetherium VCS are a particular<00:13:14.370> community<00:13:14.820> and<00:13:15.270> we<00:13:15.630> have 00:13:15.740 --> 00:13:15.750 align:start position:0% particular community and we have 00:13:15.750 --> 00:13:17.930 align:start position:0% particular community and we have particularly<00:13:16.080> and<00:13:16.710> particular<00:13:17.190> skill<00:13:17.670> sets 00:13:17.930 --> 00:13:17.940 align:start position:0% particularly and particular skill sets 00:13:17.940 --> 00:13:20.360 align:start position:0% particularly and particular skill sets and<00:13:18.180> contributions<00:13:19.070> VC<00:13:20.070> is<00:13:20.130> in<00:13:20.250> particular 00:13:20.360 --> 00:13:20.370 align:start position:0% and contributions VC is in particular 00:13:20.370 --> 00:13:22.280 align:start position:0% and contributions VC is in particular don't<00:13:20.730> like<00:13:21.060> to<00:13:21.240> sit<00:13:21.480> back<00:13:21.660> and<00:13:21.930> let<00:13:22.050> other 00:13:22.280 --> 00:13:22.290 align:start position:0% don't like to sit back and let other 00:13:22.290 --> 00:13:22.820 align:start position:0% don't like to sit back and let other people 00:13:22.820 --> 00:13:22.830 align:start position:0% people 00:13:22.830 --> 00:13:25.970 align:start position:0% people do<00:13:22.980> the<00:13:23.160> work<00:13:23.399> we<00:13:24.209> like<00:13:24.390> to<00:13:24.570> add<00:13:24.720> value<00:13:25.170> to<00:13:25.500> our 00:13:25.970 --> 00:13:25.980 align:start position:0% do the work we like to add value to our 00:13:25.980 --> 00:13:29.030 align:start position:0% do the work we like to add value to our investments<00:13:26.640> it's<00:13:27.300> how<00:13:27.810> we<00:13:27.870> are<00:13:28.260> evaluated 00:13:29.030 --> 00:13:29.040 align:start position:0% investments it's how we are evaluated 00:13:29.040 --> 00:13:32.060 align:start position:0% investments it's how we are evaluated for<00:13:29.519> our<00:13:29.670> work<00:13:30.000> how<00:13:30.750> much<00:13:30.990> we<00:13:31.170> make<00:13:31.350> and<00:13:31.620> how 00:13:32.060 --> 00:13:32.070 align:start position:0% for our work how much we make and how 00:13:32.070 --> 00:13:34.400 align:start position:0% for our work how much we make and how much<00:13:32.220> value<00:13:32.580> we<00:13:32.610> add<00:13:32.839> so<00:13:33.839> we<00:13:33.930> can't<00:13:34.110> just<00:13:34.290> sit 00:13:34.400 --> 00:13:34.410 align:start position:0% much value we add so we can't just sit 00:13:34.410 --> 00:13:35.360 align:start position:0% much value we add so we can't just sit back<00:13:34.500> and<00:13:34.560> let<00:13:34.740> someone<00:13:34.890> else<00:13:35.040> handle<00:13:35.190> we<00:13:35.339> have 00:13:35.360 --> 00:13:35.370 align:start position:0% back and let someone else handle we have 00:13:35.370 --> 00:13:38.449 align:start position:0% back and let someone else handle we have to<00:13:35.550> mingle<00:13:35.940> we<00:13:36.300> have<00:13:36.480> to<00:13:36.630> meddle<00:13:37.620> we<00:13:37.950> have<00:13:38.250> to 00:13:38.449 --> 00:13:38.459 align:start position:0% to mingle we have to meddle we have to 00:13:38.459 --> 00:13:40.610 align:start position:0% to mingle we have to meddle we have to get<00:13:38.850> in<00:13:39.000> there<00:13:39.329> and<00:13:39.600> and<00:13:39.779> try<00:13:40.260> to<00:13:40.320> help<00:13:40.470> make 00:13:40.610 --> 00:13:40.620 align:start position:0% get in there and and try to help make 00:13:40.620 --> 00:13:42.170 align:start position:0% get in there and and try to help make things<00:13:40.709> better<00:13:40.980> we<00:13:41.670> can't<00:13:41.880> help<00:13:42.029> ourselves 00:13:42.170 --> 00:13:42.180 align:start position:0% things better we can't help ourselves 00:13:42.180 --> 00:13:43.430 align:start position:0% things better we can't help ourselves it's<00:13:42.510> like<00:13:42.600> a<00:13:42.630> sickness<00:13:42.930> it's<00:13:43.230> like<00:13:43.350> the 00:13:43.430 --> 00:13:43.440 align:start position:0% it's like a sickness it's like the 00:13:43.440 --> 00:13:45.170 align:start position:0% it's like a sickness it's like the venture<00:13:43.680> capital<00:13:44.070> itis<00:13:44.279> we<00:13:44.760> don't<00:13:44.940> know<00:13:45.029> any 00:13:45.170 --> 00:13:45.180 align:start position:0% venture capital itis we don't know any 00:13:45.180 --> 00:13:47.150 align:start position:0% venture capital itis we don't know any better<00:13:45.300> than<00:13:45.420> to<00:13:45.540> try<00:13:45.839> to<00:13:45.870> help<00:13:46.260> we're<00:13:47.010> not 00:13:47.150 --> 00:13:47.160 align:start position:0% better than to try to help we're not 00:13:47.160 --> 00:13:49.579 align:start position:0% better than to try to help we're not always<00:13:47.339> helpful<00:13:47.730> but<00:13:48.390> we<00:13:48.899> want<00:13:49.170> to<00:13:49.290> be<00:13:49.380> helpful 00:13:49.579 --> 00:13:49.589 align:start position:0% always helpful but we want to be helpful 00:13:49.589 --> 00:13:55.280 align:start position:0% always helpful but we want to be helpful we<00:13:50.040> we<00:13:50.370> try<00:13:50.610> to<00:13:50.670> be<00:13:53.930> so<00:13:54.930> how<00:13:55.050> does<00:13:55.110> an 00:13:55.280 --> 00:13:55.290 align:start position:0% we we try to be so how does an 00:13:55.290 --> 00:13:57.079 align:start position:0% we we try to be so how does an old-school<00:13:55.680> traditional<00:13:55.950> VC<00:13:56.370> typically<00:13:56.880> help 00:13:57.079 --> 00:13:57.089 align:start position:0% old-school traditional VC typically help 00:13:57.089 --> 00:13:58.790 align:start position:0% old-school traditional VC typically help a<00:13:57.180> project<00:13:57.690> obviously<00:13:57.990> if<00:13:58.320> you're<00:13:58.440> funding 00:13:58.790 --> 00:13:58.800 align:start position:0% a project obviously if you're funding 00:13:58.800 --> 00:14:00.889 align:start position:0% a project obviously if you're funding helping<00:13:59.160> to<00:13:59.250> raise<00:13:59.370> other<00:13:59.700> funding<00:14:00.240> we 00:14:00.889 --> 00:14:00.899 align:start position:0% helping to raise other funding we 00:14:00.899 --> 00:14:02.180 align:start position:0% helping to raise other funding we introduced<00:14:01.260> founders<00:14:01.680> to<00:14:01.709> business 00:14:02.180 --> 00:14:02.190 align:start position:0% introduced founders to business 00:14:02.190 --> 00:14:04.610 align:start position:0% introduced founders to business development<00:14:02.570> develop<00:14:03.570> strategy<00:14:04.079> we<00:14:04.290> do<00:14:04.410> board 00:14:04.610 --> 00:14:04.620 align:start position:0% development develop strategy we do board 00:14:04.620 --> 00:14:06.350 align:start position:0% development develop strategy we do board of<00:14:04.709> directors<00:14:05.190> financial<00:14:05.730> roadmaps<00:14:06.120> and 00:14:06.350 --> 00:14:06.360 align:start position:0% of directors financial roadmaps and 00:14:06.360 --> 00:14:08.720 align:start position:0% of directors financial roadmaps and recruiting<00:14:06.990> and<00:14:07.200> Resource<00:14:07.529> Planning<00:14:07.740> risk 00:14:08.720 --> 00:14:08.730 align:start position:0% recruiting and Resource Planning risk 00:14:08.730 --> 00:14:10.880 align:start position:0% recruiting and Resource Planning risk management<00:14:09.329> crisis<00:14:10.110> management<00:14:10.500> and 00:14:10.880 --> 00:14:10.890 align:start position:0% management crisis management and 00:14:10.890 --> 00:14:12.620 align:start position:0% management crisis management and obviously<00:14:11.610> we're<00:14:11.760> the<00:14:11.820> main<00:14:12.000> investor<00:14:12.420> for 00:14:12.620 --> 00:14:12.630 align:start position:0% obviously we're the main investor for 00:14:12.630 --> 00:14:13.790 align:start position:0% obviously we're the main investor for many<00:14:12.959> of<00:14:13.079> the<00:14:13.170> companies<00:14:13.529> that<00:14:13.560> are<00:14:13.649> building 00:14:13.790 --> 00:14:13.800 align:start position:0% many of the companies that are building 00:14:13.800 --> 00:14:17.210 align:start position:0% many of the companies that are building on<00:14:14.040> top<00:14:14.250> and<00:14:15.209> I<00:14:15.450> think<00:14:15.720> addition<00:14:16.320> to<00:14:17.010> things 00:14:17.210 --> 00:14:17.220 align:start position:0% on top and I think addition to things 00:14:17.220 --> 00:14:18.380 align:start position:0% on top and I think addition to things that<00:14:17.279> are<00:14:17.430> specifically<00:14:17.790> relevant<00:14:18.000> to 00:14:18.380 --> 00:14:18.390 align:start position:0% that are specifically relevant to 00:14:18.390 --> 00:14:20.150 align:start position:0% that are specifically relevant to etherium<00:14:18.779> because<00:14:19.320> of<00:14:19.410> its<00:14:19.529> decentralized 00:14:20.150 --> 00:14:20.160 align:start position:0% etherium because of its decentralized 00:14:20.160 --> 00:14:23.420 align:start position:0% etherium because of its decentralized nature<00:14:20.399> are<00:14:20.850> helping<00:14:21.839> to<00:14:22.019> engage<00:14:22.440> and<00:14:22.680> attract 00:14:23.420 --> 00:14:23.430 align:start position:0% nature are helping to engage and attract 00:14:23.430 --> 00:14:27.040 align:start position:0% nature are helping to engage and attract enterprise<00:14:24.110> customers<00:14:25.110> and<00:14:25.290> growth<00:14:25.740> and<00:14:26.070> to 00:14:27.040 --> 00:14:27.050 align:start position:0% enterprise customers and growth and to 00:14:27.050 --> 00:14:29.990 align:start position:0% enterprise customers and growth and to influencing<00:14:28.050> I<00:14:28.230> think<00:14:28.890> Enterprise<00:14:29.279> has<00:14:29.820> great 00:14:29.990 --> 00:14:30.000 align:start position:0% influencing I think Enterprise has great 00:14:30.000 --> 00:14:32.030 align:start position:0% influencing I think Enterprise has great support<00:14:30.149> from<00:14:30.360> EEA<00:14:30.690> but<00:14:31.230> it<00:14:31.320> can't<00:14:31.500> have<00:14:31.649> can't 00:14:32.030 --> 00:14:32.040 align:start position:0% support from EEA but it can't have can't 00:14:32.040 --> 00:14:34.310 align:start position:0% support from EEA but it can't have can't hurt<00:14:32.220> to<00:14:32.370> help<00:14:32.550> and<00:14:32.760> have<00:14:33.060> more<00:14:33.240> firepower<00:14:33.750> I 00:14:34.310 --> 00:14:34.320 align:start position:0% hurt to help and have more firepower I 00:14:34.320 --> 00:14:35.960 align:start position:0% hurt to help and have more firepower I want<00:14:35.220> to<00:14:35.279> touch<00:14:35.399> on<00:14:35.520> this<00:14:35.579> point<00:14:35.850> of 00:14:35.960 --> 00:14:35.970 align:start position:0% want to touch on this point of 00:14:35.970 --> 00:14:37.550 align:start position:0% want to touch on this point of influencing<00:14:36.630> because<00:14:36.810> it's<00:14:36.930> really<00:14:37.050> key<00:14:37.350> for 00:14:37.550 --> 00:14:37.560 align:start position:0% influencing because it's really key for 00:14:37.560 --> 00:14:39.650 align:start position:0% influencing because it's really key for VCS<00:14:37.920> I<00:14:38.040> know<00:14:38.100> it<00:14:38.250> sounds<00:14:38.520> a<00:14:38.550> bit<00:14:38.579> fluffy<00:14:39.120> but 00:14:39.650 --> 00:14:39.660 align:start position:0% VCS I know it sounds a bit fluffy but 00:14:39.660 --> 00:14:41.420 align:start position:0% VCS I know it sounds a bit fluffy but influencing<00:14:40.260> influencers<00:14:40.800> is<00:14:40.950> an<00:14:41.040> important 00:14:41.420 --> 00:14:41.430 align:start position:0% influencing influencers is an important 00:14:41.430 --> 00:14:44.449 align:start position:0% influencing influencers is an important leverage<00:14:41.790> that<00:14:41.940> VCS<00:14:42.360> have<00:14:42.600> as<00:14:42.870> investors<00:14:43.829> for 00:14:44.449 --> 00:14:44.459 align:start position:0% leverage that VCS have as investors for 00:14:44.459 --> 00:14:46.850 align:start position:0% leverage that VCS have as investors for example<00:14:44.820> back<00:14:44.970> in<00:14:45.149> 2015<00:14:45.779> I<00:14:46.260> was<00:14:46.649> doing 00:14:46.850 --> 00:14:46.860 align:start position:0% example back in 2015 I was doing 00:14:46.860 --> 00:14:49.010 align:start position:0% example back in 2015 I was doing one-on-one<00:14:47.100> meetings<00:14:47.579> with<00:14:47.610> italic<00:14:48.120> and<00:14:48.270> CEOs 00:14:49.010 --> 00:14:49.020 align:start position:0% one-on-one meetings with italic and CEOs 00:14:49.020 --> 00:14:51.410 align:start position:0% one-on-one meetings with italic and CEOs in<00:14:49.380> the<00:14:49.589> Hongkong<00:14:50.040> community<00:14:50.579> CEOs<00:14:50.970> of<00:14:51.029> banks 00:14:51.410 --> 00:14:51.420 align:start position:0% in the Hongkong community CEOs of banks 00:14:51.420 --> 00:14:53.510 align:start position:0% in the Hongkong community CEOs of banks to<00:14:51.810> educate<00:14:52.260> and<00:14:52.350> normalize<00:14:52.770> the<00:14:53.100> narrative 00:14:53.510 --> 00:14:53.520 align:start position:0% to educate and normalize the narrative 00:14:53.520 --> 00:14:54.889 align:start position:0% to educate and normalize the narrative of<00:14:53.610> blockchain<00:14:54.060> 4<00:14:54.240> that<00:14:54.329> was<00:14:54.390> the<00:14:54.540> first<00:14:54.720> time 00:14:54.889 --> 00:14:54.899 align:start position:0% of blockchain 4 that was the first time 00:14:54.899 --> 00:14:57.949 align:start position:0% of blockchain 4 that was the first time they'd<00:14:55.050> heard<00:14:55.200> a<00:14:55.230> blockchain<00:14:55.649> and<00:14:56.959> continue 00:14:57.949 --> 00:14:57.959 align:start position:0% they'd heard a blockchain and continue 00:14:57.959 --> 00:15:00.230 align:start position:0% they'd heard a blockchain and continue to<00:14:58.110> today<00:14:58.459> hypothetically<00:14:59.459> if<00:14:59.610> there<00:15:00.060> was<00:15:00.209> a 00:15:00.230 --> 00:15:00.240 align:start position:0% to today hypothetically if there was a 00:15:00.240 --> 00:15:01.579 align:start position:0% to today hypothetically if there was a gathering<00:15:00.690> in<00:15:00.810> China<00:15:01.050> of<00:15:01.290> some<00:15:01.440> of<00:15:01.529> the 00:15:01.579 --> 00:15:01.589 align:start position:0% gathering in China of some of the 00:15:01.589 --> 00:15:03.260 align:start position:0% gathering in China of some of the biggest<00:15:02.100> multi<00:15:02.550> billionaire<00:15:02.940> internet 00:15:03.260 --> 00:15:03.270 align:start position:0% biggest multi billionaire internet 00:15:03.270 --> 00:15:05.210 align:start position:0% biggest multi billionaire internet founders<00:15:03.690> who<00:15:04.079> are<00:15:04.200> just<00:15:04.529> starting<00:15:04.829> to<00:15:05.070> look 00:15:05.210 --> 00:15:05.220 align:start position:0% founders who are just starting to look 00:15:05.220 --> 00:15:07.760 align:start position:0% founders who are just starting to look at<00:15:05.399> blockchain<00:15:05.940> and<00:15:06.120> our<00:15:06.990> enamored<00:15:07.620> of 00:15:07.760 --> 00:15:07.770 align:start position:0% at blockchain and our enamored of 00:15:07.770 --> 00:15:10.160 align:start position:0% at blockchain and our enamored of certain<00:15:08.279> Chinese<00:15:08.640> dominated<00:15:09.300> DPOs<00:15:09.750> block 00:15:10.160 --> 00:15:10.170 align:start position:0% certain Chinese dominated DPOs block 00:15:10.170 --> 00:15:11.960 align:start position:0% certain Chinese dominated DPOs block chains<00:15:10.500> or<00:15:10.740> worse<00:15:10.920> think<00:15:11.579> that<00:15:11.699> they<00:15:11.820> can 00:15:11.960 --> 00:15:11.970 align:start position:0% chains or worse think that they can 00:15:11.970 --> 00:15:14.630 align:start position:0% chains or worse think that they can better<00:15:12.149> roll<00:15:12.420> their<00:15:12.600> own<00:15:12.720> solution<00:15:13.290> and<00:15:13.500> I<00:15:14.430> can 00:15:14.630 --> 00:15:14.640 align:start position:0% better roll their own solution and I can 00:15:14.640 --> 00:15:16.760 align:start position:0% better roll their own solution and I can ask<00:15:14.820> fatale<00:15:15.750> ik<00:15:15.899> or<00:15:16.079> other<00:15:16.230> people<00:15:16.620> in<00:15:16.680> the 00:15:16.760 --> 00:15:16.770 align:start position:0% ask fatale ik or other people in the 00:15:16.770 --> 00:15:20.350 align:start position:0% ask fatale ik or other people in the foundation<00:15:17.310> to<00:15:17.940> come<00:15:18.839> and<00:15:19.140> make<00:15:19.589> a<00:15:19.620> pitch<00:15:19.949> and 00:15:20.350 --> 00:15:20.360 align:start position:0% foundation to come and make a pitch and 00:15:20.360 --> 00:15:23.420 align:start position:0% foundation to come and make a pitch and form<00:15:21.360> a<00:15:21.449> contact<00:15:21.930> bond<00:15:22.350> so<00:15:22.980> that<00:15:23.130> when<00:15:23.279> they 00:15:23.420 --> 00:15:23.430 align:start position:0% form a contact bond so that when they 00:15:23.430 --> 00:15:24.710 align:start position:0% form a contact bond so that when they build<00:15:23.640> their<00:15:23.760> blockchain<00:15:24.149> solutions<00:15:24.570> for 00:15:24.710 --> 00:15:24.720 align:start position:0% build their blockchain solutions for 00:15:24.720 --> 00:15:26.870 align:start position:0% build their blockchain solutions for their<00:15:24.810> billions<00:15:25.170> of<00:15:25.260> users<00:15:25.470> that<00:15:25.890> 3m<00:15:26.670> is<00:15:26.760> at 00:15:26.870 --> 00:15:26.880 align:start position:0% their billions of users that 3m is at 00:15:26.880 --> 00:15:29.300 align:start position:0% their billions of users that 3m is at least<00:15:27.089> in<00:15:27.449> the<00:15:27.870> conversation<00:15:28.620> then<00:15:29.160> isn't 00:15:29.300 --> 00:15:29.310 align:start position:0% least in the conversation then isn't 00:15:29.310 --> 00:15:30.949 align:start position:0% least in the conversation then isn't that<00:15:29.459> worth<00:15:29.760> it<00:15:30.000> isn't<00:15:30.660> that<00:15:30.690> worth<00:15:30.930> the 00:15:30.949 --> 00:15:30.959 align:start position:0% that worth it isn't that worth the 00:15:30.959 --> 00:15:33.829 align:start position:0% that worth it isn't that worth the effort<00:15:31.500> and<00:15:31.649> as<00:15:32.339> VCS<00:15:33.240> we<00:15:33.360> may<00:15:33.480> not<00:15:33.540> be<00:15:33.630> able<00:15:33.690> to 00:15:33.829 --> 00:15:33.839 align:start position:0% effort and as VCS we may not be able to 00:15:33.839 --> 00:15:34.950 align:start position:0% effort and as VCS we may not be able to build<00:15:33.990> applications 00:15:34.950 --> 00:15:34.960 align:start position:0% build applications 00:15:34.960 --> 00:15:36.410 align:start position:0% build applications but<00:15:35.110> we're<00:15:35.320> pretty<00:15:35.530> good<00:15:35.620> at<00:15:35.890> building 00:15:36.410 --> 00:15:36.420 align:start position:0% but we're pretty good at building 00:15:36.420 --> 00:15:38.820 align:start position:0% but we're pretty good at building stories<00:15:37.420> and<00:15:37.660> building<00:15:38.020> relationships 00:15:38.820 --> 00:15:38.830 align:start position:0% stories and building relationships 00:15:38.830 --> 00:15:41.340 align:start position:0% stories and building relationships so<00:15:39.820> if<00:15:40.120> feces<00:15:40.420> can<00:15:40.570> do<00:15:40.720> all<00:15:40.870> this<00:15:41.020> then<00:15:41.260> why 00:15:41.340 --> 00:15:41.350 align:start position:0% so if feces can do all this then why 00:15:41.350 --> 00:15:42.870 align:start position:0% so if feces can do all this then why aren't<00:15:41.470> we<00:15:41.530> doing<00:15:41.770> it<00:15:42.010> well<00:15:42.430> it's<00:15:42.610> because<00:15:42.820> we 00:15:42.870 --> 00:15:42.880 align:start position:0% aren't we doing it well it's because we 00:15:42.880 --> 00:15:45.210 align:start position:0% aren't we doing it well it's because we work<00:15:43.030> in<00:15:43.120> a<00:15:43.210> certain<00:15:43.510> way<00:15:43.720> and<00:15:44.590> when<00:15:44.950> we<00:15:45.040> back<00:15:45.190> a 00:15:45.210 --> 00:15:45.220 align:start position:0% work in a certain way and when we back a 00:15:45.220 --> 00:15:46.620 align:start position:0% work in a certain way and when we back a start<00:15:45.580> up<00:15:45.700> we're<00:15:45.850> typically<00:15:46.150> backing<00:15:46.570> a 00:15:46.620 --> 00:15:46.630 align:start position:0% start up we're typically backing a 00:15:46.630 --> 00:15:48.180 align:start position:0% start up we're typically backing a founder<00:15:47.080> leading<00:15:47.410> a<00:15:47.470> company<00:15:47.920> building 00:15:48.180 --> 00:15:48.190 align:start position:0% founder leading a company building 00:15:48.190 --> 00:15:50.100 align:start position:0% founder leading a company building things<00:15:48.520> and<00:15:48.700> driving<00:15:48.940> revenue<00:15:49.240> that<00:15:49.900> can 00:15:50.100 --> 00:15:50.110 align:start position:0% things and driving revenue that can 00:15:50.110 --> 00:15:52.920 align:start position:0% things and driving revenue that can typically<00:15:50.500> be<00:15:50.920> sold<00:15:51.460> so<00:15:52.180> aetherium<00:15:52.600> is<00:15:52.690> really 00:15:52.920 --> 00:15:52.930 align:start position:0% typically be sold so aetherium is really 00:15:52.930 --> 00:15:55.230 align:start position:0% typically be sold so aetherium is really hard<00:15:53.230> to<00:15:53.350> help<00:15:53.500> because<00:15:53.920> there<00:15:54.400> is<00:15:54.520> no<00:15:54.790> one 00:15:55.230 --> 00:15:55.240 align:start position:0% hard to help because there is no one 00:15:55.240 --> 00:15:58.560 align:start position:0% hard to help because there is no one founder<00:15:55.930> to<00:15:56.320> talk<00:15:56.560> to<00:15:56.710> her<00:15:56.800> help<00:15:57.300> but<00:15:58.300> this<00:15:58.450> is 00:15:58.560 --> 00:15:58.570 align:start position:0% founder to talk to her help but this is 00:15:58.570 --> 00:16:00.180 align:start position:0% founder to talk to her help but this is by<00:15:58.690> design<00:15:59.050> again<00:15:59.350> this<00:15:59.440> is<00:15:59.560> a<00:15:59.590> feature<00:15:59.800> not<00:16:00.130> a 00:16:00.180 --> 00:16:00.190 align:start position:0% by design again this is a feature not a 00:16:00.190 --> 00:16:02.400 align:start position:0% by design again this is a feature not a bug<00:16:00.280> the<00:16:01.240> foundation<00:16:01.690> doesn't<00:16:01.870> want<00:16:02.110> to<00:16:02.230> be<00:16:02.320> in 00:16:02.400 --> 00:16:02.410 align:start position:0% bug the foundation doesn't want to be in 00:16:02.410 --> 00:16:04.380 align:start position:0% bug the foundation doesn't want to be in the<00:16:02.500> position<00:16:02.860> as<00:16:03.040> I<00:16:03.160> understand<00:16:03.520> a<00:16:03.670> blessing 00:16:04.380 --> 00:16:04.390 align:start position:0% the position as I understand a blessing 00:16:04.390 --> 00:16:06.960 align:start position:0% the position as I understand a blessing specific<00:16:04.990> investment<00:16:05.560> agendas<00:16:05.950> or<00:16:06.130> efforts 00:16:06.960 --> 00:16:06.970 align:start position:0% specific investment agendas or efforts 00:16:06.970 --> 00:16:08.580 align:start position:0% specific investment agendas or efforts much<00:16:07.510> less<00:16:07.720> telling<00:16:08.020> us<00:16:08.110> what<00:16:08.230> to<00:16:08.320> do<00:16:08.410> or<00:16:08.560> not 00:16:08.580 --> 00:16:08.590 align:start position:0% much less telling us what to do or not 00:16:08.590 --> 00:16:11.340 align:start position:0% much less telling us what to do or not to<00:16:08.740> as<00:16:09.390> I<00:16:10.390> understand<00:16:10.810> it<00:16:10.870> they're<00:16:11.020> here<00:16:11.200> to 00:16:11.340 --> 00:16:11.350 align:start position:0% to as I understand it they're here to 00:16:11.350 --> 00:16:14.250 align:start position:0% to as I understand it they're here to Shepherd<00:16:11.800> and<00:16:12.090> various<00:16:13.090> self-guided<00:16:13.900> efforts 00:16:14.250 --> 00:16:14.260 align:start position:0% Shepherd and various self-guided efforts 00:16:14.260 --> 00:16:16.470 align:start position:0% Shepherd and various self-guided efforts if<00:16:15.130> they<00:16:15.430> deem<00:16:15.580> it<00:16:15.700> aligned<00:16:15.910> with<00:16:16.150> the<00:16:16.240> aims<00:16:16.420> of 00:16:16.470 --> 00:16:16.480 align:start position:0% if they deem it aligned with the aims of 00:16:16.480 --> 00:16:18.270 align:start position:0% if they deem it aligned with the aims of the<00:16:16.540> foundation<00:16:17.080> so<00:16:17.350> the<00:16:17.800> question<00:16:18.100> here<00:16:18.250> is 00:16:18.270 --> 00:16:18.280 align:start position:0% the foundation so the question here is 00:16:18.280 --> 00:16:22.580 align:start position:0% the foundation so the question here is is<00:16:18.340> there<00:16:18.610> a<00:16:18.670> way<00:16:18.760> for<00:16:19.150> VCS<00:16:19.570> to<00:16:21.060> make<00:16:22.060> use<00:16:22.450> of 00:16:22.580 --> 00:16:22.590 align:start position:0% is there a way for VCS to make use of 00:16:22.590 --> 00:16:25.440 align:start position:0% is there a way for VCS to make use of their<00:16:23.590> resources<00:16:23.620> without<00:16:24.340> compromising<00:16:25.330> the 00:16:25.440 --> 00:16:25.450 align:start position:0% their resources without compromising the 00:16:25.450 --> 00:16:26.850 align:start position:0% their resources without compromising the spirit<00:16:25.900> of<00:16:25.960> decentralized<00:16:26.320> governance 00:16:26.850 --> 00:16:26.860 align:start position:0% spirit of decentralized governance 00:16:26.860 --> 00:16:29.730 align:start position:0% spirit of decentralized governance that's<00:16:27.310> core<00:16:27.640> to<00:16:27.670> its<00:16:27.880> birth<00:16:28.120> one<00:16:29.050> idea<00:16:29.470> which 00:16:29.730 --> 00:16:29.740 align:start position:0% that's core to its birth one idea which 00:16:29.740 --> 00:16:31.560 align:start position:0% that's core to its birth one idea which is<00:16:29.890> a<00:16:29.920> really<00:16:30.160> simple<00:16:30.370> one<00:16:30.670> would<00:16:31.150> be<00:16:31.240> to<00:16:31.390> self 00:16:31.560 --> 00:16:31.570 align:start position:0% is a really simple one would be to self 00:16:31.570 --> 00:16:35.070 align:start position:0% is a really simple one would be to self organize<00:16:31.990> and<00:16:32.260> to<00:16:32.680> start<00:16:32.920> doing<00:16:33.630> calls<00:16:34.630> or 00:16:35.070 --> 00:16:35.080 align:start position:0% organize and to start doing calls or 00:16:35.080 --> 00:16:38.400 align:start position:0% organize and to start doing calls or meetings<00:16:35.770> to<00:16:36.160> discuss<00:16:36.400> how<00:16:37.030> we<00:16:37.060> can<00:16:37.450> help<00:16:37.960> and 00:16:38.400 --> 00:16:38.410 align:start position:0% meetings to discuss how we can help and 00:16:38.410 --> 00:16:40.050 align:start position:0% meetings to discuss how we can help and how<00:16:38.770> we<00:16:38.830> can<00:16:39.040> prioritize<00:16:39.280> things<00:16:39.850> that<00:16:40.000> we 00:16:40.050 --> 00:16:40.060 align:start position:0% how we can prioritize things that we 00:16:40.060 --> 00:16:43.320 align:start position:0% how we can prioritize things that we think<00:16:40.210> the<00:16:40.390> ecosystem<00:16:41.020> needs<00:16:42.210> and<00:16:43.210> it's 00:16:43.320 --> 00:16:43.330 align:start position:0% think the ecosystem needs and it's 00:16:43.330 --> 00:16:44.520 align:start position:0% think the ecosystem needs and it's important<00:16:43.630> to<00:16:43.690> note<00:16:43.870> that<00:16:43.900> many<00:16:44.230> other 00:16:44.520 --> 00:16:44.530 align:start position:0% important to note that many other 00:16:44.530 --> 00:16:46.950 align:start position:0% important to note that many other top-level<00:16:44.860> protocols<00:16:45.670> which<00:16:46.480> are<00:16:46.600> great<00:16:46.840> in 00:16:46.950 --> 00:16:46.960 align:start position:0% top-level protocols which are great in 00:16:46.960 --> 00:16:48.600 align:start position:0% top-level protocols which are great in their<00:16:46.990> own<00:16:47.140> rights<00:16:47.410> are<00:16:47.860> also<00:16:48.040> already<00:16:48.370> have 00:16:48.600 --> 00:16:48.610 align:start position:0% their own rights are also already have 00:16:48.610 --> 00:16:50.580 align:start position:0% their own rights are also already have vc-backed<00:16:49.180> who<00:16:49.510> they<00:16:49.690> came<00:16:49.840> after<00:16:50.080> aetherium 00:16:50.580 --> 00:16:50.590 align:start position:0% vc-backed who they came after aetherium 00:16:50.590 --> 00:16:51.660 align:start position:0% vc-backed who they came after aetherium so<00:16:50.770> they<00:16:50.860> didn't<00:16:51.010> have<00:16:51.130> to<00:16:51.220> deal<00:16:51.430> with<00:16:51.580> the 00:16:51.660 --> 00:16:51.670 align:start position:0% so they didn't have to deal with the 00:16:51.670 --> 00:16:53.670 align:start position:0% so they didn't have to deal with the same<00:16:51.820> type<00:16:52.060> of<00:16:52.180> issue<00:16:52.390> of<00:16:52.660> not<00:16:53.080> having<00:16:53.380> formal 00:16:53.670 --> 00:16:53.680 align:start position:0% same type of issue of not having formal 00:16:53.680 --> 00:16:56.430 align:start position:0% same type of issue of not having formal backing<00:16:54.040> now<00:16:54.910> I<00:16:55.150> don't<00:16:55.780> have<00:16:56.050> the<00:16:56.110> perfect 00:16:56.430 --> 00:16:56.440 align:start position:0% backing now I don't have the perfect 00:16:56.440 --> 00:16:58.110 align:start position:0% backing now I don't have the perfect answer<00:16:56.680> here<00:16:57.100> but<00:16:57.460> the<00:16:57.550> point<00:16:57.730> I'm<00:16:57.850> trying<00:16:57.880> to 00:16:58.110 --> 00:16:58.120 align:start position:0% answer here but the point I'm trying to 00:16:58.120 --> 00:17:00.060 align:start position:0% answer here but the point I'm trying to make<00:16:58.270> is<00:16:58.450> that<00:16:58.480> perhaps<00:16:59.380> there's<00:16:59.740> a<00:16:59.800> middle 00:17:00.060 --> 00:17:00.070 align:start position:0% make is that perhaps there's a middle 00:17:00.070 --> 00:17:02.760 align:start position:0% make is that perhaps there's a middle ground<00:17:00.310> if<00:17:00.760> we<00:17:01.390> talk<00:17:01.720> openly<00:17:01.960> about<00:17:02.260> what<00:17:02.680> we 00:17:02.760 --> 00:17:02.770 align:start position:0% ground if we talk openly about what we 00:17:02.770 --> 00:17:04.800 align:start position:0% ground if we talk openly about what we both<00:17:02.980> want<00:17:03.370> and<00:17:03.640> can<00:17:03.760> contribute<00:17:04.089> then<00:17:04.780> I 00:17:04.800 --> 00:17:04.810 align:start position:0% both want and can contribute then I 00:17:04.810 --> 00:17:07.829 align:start position:0% both want and can contribute then I believe<00:17:05.080> VCS<00:17:05.890> and<00:17:06.100> investors<00:17:06.910> can<00:17:07.390> harness<00:17:07.630> a 00:17:07.829 --> 00:17:07.839 align:start position:0% believe VCS and investors can harness a 00:17:07.839 --> 00:17:09.449 align:start position:0% believe VCS and investors can harness a great<00:17:08.050> deal<00:17:08.380> of<00:17:08.560> the<00:17:08.620> pent-up<00:17:08.890> energy<00:17:09.160> and 00:17:09.449 --> 00:17:09.459 align:start position:0% great deal of the pent-up energy and 00:17:09.459 --> 00:17:11.400 align:start position:0% great deal of the pent-up energy and experience<00:17:09.940> for<00:17:10.000> the<00:17:10.089> common<00:17:10.420> good<00:17:10.600> we<00:17:11.200> just 00:17:11.400 --> 00:17:11.410 align:start position:0% experience for the common good we just 00:17:11.410 --> 00:17:14.600 align:start position:0% experience for the common good we just need<00:17:11.560> to<00:17:11.650> work<00:17:11.770> together<00:17:11.980> on<00:17:12.280> the<00:17:12.370> solution<00:17:13.080> so 00:17:14.600 --> 00:17:14.610 align:start position:0% need to work together on the solution so 00:17:14.610 --> 00:17:17.310 align:start position:0% need to work together on the solution so going<00:17:15.610> further<00:17:15.880> how<00:17:16.360> can<00:17:16.600> we<00:17:16.690> improve<00:17:16.930> venture 00:17:17.310 --> 00:17:17.320 align:start position:0% going further how can we improve venture 00:17:17.320 --> 00:17:19.530 align:start position:0% going further how can we improve venture capital<00:17:17.650> the<00:17:17.680> age<00:17:17.860> of<00:17:18.010> decentralisation<00:17:18.540> well 00:17:19.530 --> 00:17:19.540 align:start position:0% capital the age of decentralisation well 00:17:19.540 --> 00:17:20.970 align:start position:0% capital the age of decentralisation well there's<00:17:19.870> no<00:17:19.959> question<00:17:20.320> that<00:17:20.350> the<00:17:20.560> traditional 00:17:20.970 --> 00:17:20.980 align:start position:0% there's no question that the traditional 00:17:20.980 --> 00:17:23.730 align:start position:0% there's no question that the traditional model<00:17:21.250> of<00:17:21.339> venture<00:17:21.670> capital<00:17:22.089> is<00:17:22.270> tried<00:17:22.959> and 00:17:23.730 --> 00:17:23.740 align:start position:0% model of venture capital is tried and 00:17:23.740 --> 00:17:25.650 align:start position:0% model of venture capital is tried and has<00:17:24.490> been<00:17:24.670> honed<00:17:24.880> to<00:17:25.089> address<00:17:25.300> some<00:17:25.540> of<00:17:25.570> the 00:17:25.650 --> 00:17:25.660 align:start position:0% has been honed to address some of the 00:17:25.660 --> 00:17:27.090 align:start position:0% has been honed to address some of the most<00:17:25.810> fundamental<00:17:26.080> issues<00:17:26.680> and<00:17:26.860> growing<00:17:26.980> a 00:17:27.090 --> 00:17:27.100 align:start position:0% most fundamental issues and growing a 00:17:27.100 --> 00:17:30.030 align:start position:0% most fundamental issues and growing a company<00:17:27.660> and<00:17:28.660> it's<00:17:29.440> been<00:17:29.590> effective<00:17:29.980> in 00:17:30.030 --> 00:17:30.040 align:start position:0% company and it's been effective in 00:17:30.040 --> 00:17:31.170 align:start position:0% company and it's been effective in growing<00:17:30.250> the<00:17:30.340> companies<00:17:30.670> that<00:17:30.700> we<00:17:30.880> know<00:17:31.060> and 00:17:31.170 --> 00:17:31.180 align:start position:0% growing the companies that we know and 00:17:31.180 --> 00:17:32.640 align:start position:0% growing the companies that we know and love<00:17:31.390> but<00:17:31.420> it's<00:17:31.690> worth<00:17:31.870> asking<00:17:32.080> the<00:17:32.230> question 00:17:32.640 --> 00:17:32.650 align:start position:0% love but it's worth asking the question 00:17:32.650 --> 00:17:34.440 align:start position:0% love but it's worth asking the question has<00:17:33.070> decentralization<00:17:33.730> changed<00:17:34.180> the<00:17:34.240> game 00:17:34.440 --> 00:17:34.450 align:start position:0% has decentralization changed the game 00:17:34.450 --> 00:17:36.630 align:start position:0% has decentralization changed the game perhaps<00:17:35.380> we're<00:17:35.740> not<00:17:35.770> only<00:17:36.190> helping<00:17:36.490> to<00:17:36.550> grow 00:17:36.630 --> 00:17:36.640 align:start position:0% perhaps we're not only helping to grow 00:17:36.640 --> 00:17:38.700 align:start position:0% perhaps we're not only helping to grow companies<00:17:37.150> anymore<00:17:37.390> instead<00:17:38.230> we're<00:17:38.500> helping 00:17:38.700 --> 00:17:38.710 align:start position:0% companies anymore instead we're helping 00:17:38.710 --> 00:17:40.170 align:start position:0% companies anymore instead we're helping to<00:17:38.830> grow<00:17:38.920> the<00:17:39.010> communities<00:17:39.610> that<00:17:39.910> grow<00:17:40.060> the 00:17:40.170 --> 00:17:40.180 align:start position:0% to grow the communities that grow the 00:17:40.180 --> 00:17:42.180 align:start position:0% to grow the communities that grow the platforms<00:17:40.690> that<00:17:40.780> grow<00:17:41.020> the<00:17:41.170> companies<00:17:41.590> and<00:17:41.800> if 00:17:42.180 --> 00:17:42.190 align:start position:0% platforms that grow the companies and if 00:17:42.190 --> 00:17:43.680 align:start position:0% platforms that grow the companies and if that's<00:17:42.280> a<00:17:42.460> case<00:17:42.670> maybe<00:17:43.150> we<00:17:43.300> need<00:17:43.510> a<00:17:43.660> new 00:17:43.680 --> 00:17:43.690 align:start position:0% that's a case maybe we need a new 00:17:43.690 --> 00:17:46.440 align:start position:0% that's a case maybe we need a new approach<00:17:44.430> the<00:17:45.430> new<00:17:45.580> VC<00:17:45.910> is<00:17:46.000> not<00:17:46.150> just<00:17:46.360> a 00:17:46.440 --> 00:17:46.450 align:start position:0% approach the new VC is not just a 00:17:46.450 --> 00:17:48.240 align:start position:0% approach the new VC is not just a financier<00:17:47.110> were<00:17:47.290> a<00:17:47.350> node 00:17:48.240 --> 00:17:48.250 align:start position:0% financier were a node 00:17:48.250 --> 00:17:50.220 align:start position:0% financier were a node we<00:17:48.429> can't<00:17:48.700> just<00:17:48.880> invest<00:17:49.360> we<00:17:49.990> need<00:17:50.140> to 00:17:50.220 --> 00:17:50.230 align:start position:0% we can't just invest we need to 00:17:50.230 --> 00:17:52.710 align:start position:0% we can't just invest we need to participate<00:17:50.860> if<00:17:51.130> I<00:17:51.669> had<00:17:51.880> to<00:17:52.000> sum<00:17:52.360> it<00:17:52.390> up<00:17:52.510> in<00:17:52.659> a 00:17:52.710 --> 00:17:52.720 align:start position:0% participate if I had to sum it up in a 00:17:52.720 --> 00:17:55.260 align:start position:0% participate if I had to sum it up in a simple<00:17:52.929> idea<00:17:53.140> it<00:17:53.590> would<00:17:53.740> be<00:17:54.090> don't<00:17:55.090> just 00:17:55.260 --> 00:17:55.270 align:start position:0% simple idea it would be don't just 00:17:55.270 --> 00:18:02.760 align:start position:0% simple idea it would be don't just allocate<00:17:56.130> participate<00:18:01.770> specifically 00:18:02.760 --> 00:18:02.770 align:start position:0% allocate participate specifically 00:18:02.770 --> 00:18:04.950 align:start position:0% allocate participate specifically participation<00:18:03.549> in<00:18:03.760> this<00:18:03.940> new<00:18:04.240> time<00:18:04.510> the<00:18:04.659> VC 00:18:04.950 --> 00:18:04.960 align:start position:0% participation in this new time the VC 00:18:04.960 --> 00:18:06.810 align:start position:0% participation in this new time the VC realm<00:18:05.200> can<00:18:05.380> mean<00:18:05.500> a<00:18:05.530> host<00:18:05.799> of<00:18:05.950> things<00:18:06.130> and<00:18:06.400> it's 00:18:06.810 --> 00:18:06.820 align:start position:0% realm can mean a host of things and it's 00:18:06.820 --> 00:18:09.060 align:start position:0% realm can mean a host of things and it's really<00:18:07.030> important<00:18:07.419> to<00:18:07.480> note<00:18:07.750> that<00:18:07.990> many<00:18:08.590> great 00:18:09.060 --> 00:18:09.070 align:start position:0% really important to note that many great 00:18:09.070 --> 00:18:11.240 align:start position:0% really important to note that many great funds<00:18:09.400> are<00:18:09.610> already<00:18:10.059> doing<00:18:10.299> these<00:18:10.539> things 00:18:11.240 --> 00:18:11.250 align:start position:0% funds are already doing these things 00:18:11.250 --> 00:18:13.980 align:start position:0% funds are already doing these things farms<00:18:12.250> like<00:18:12.400> Pantera<00:18:12.880> and<00:18:13.000> fund<00:18:13.450> Gucci<00:18:13.720> and 00:18:13.980 --> 00:18:13.990 align:start position:0% farms like Pantera and fund Gucci and 00:18:13.990 --> 00:18:15.960 align:start position:0% farms like Pantera and fund Gucci and poly<00:18:14.200> chain<00:18:14.559> and<00:18:14.799> hash<00:18:14.980> multi<00:18:15.549> coin<00:18:15.760> and 00:18:15.960 --> 00:18:15.970 align:start position:0% poly chain and hash multi coin and 00:18:15.970 --> 00:18:18.149 align:start position:0% poly chain and hash multi coin and Andrea<00:18:16.240> sin<00:18:16.480> liberties<00:18:16.900> and<00:18:17.140> even<00:18:17.710> a<00:18:17.770> set<00:18:17.980> at 00:18:18.149 --> 00:18:18.159 align:start position:0% Andrea sin liberties and even a set at 00:18:18.159 --> 00:18:19.710 align:start position:0% Andrea sin liberties and even a set at kinetic<00:18:18.610> we're<00:18:18.970> already<00:18:19.240> doing<00:18:19.419> some<00:18:19.659> of 00:18:19.710 --> 00:18:19.720 align:start position:0% kinetic we're already doing some of 00:18:19.720 --> 00:18:22.200 align:start position:0% kinetic we're already doing some of these<00:18:19.780> things<00:18:19.840> we<00:18:20.409> need<00:18:20.559> to<00:18:20.590> run<00:18:20.890> nodes<00:18:21.250> adding 00:18:22.200 --> 00:18:22.210 align:start position:0% these things we need to run nodes adding 00:18:22.210 --> 00:18:23.789 align:start position:0% these things we need to run nodes adding nodes<00:18:22.360> to<00:18:22.510> the<00:18:22.600> network<00:18:22.840> is<00:18:22.960> a<00:18:22.990> very<00:18:23.080> basic 00:18:23.789 --> 00:18:23.799 align:start position:0% nodes to the network is a very basic 00:18:23.799 --> 00:18:25.289 align:start position:0% nodes to the network is a very basic function<00:18:24.220> and<00:18:24.340> a<00:18:24.370> fundamental<00:18:24.669> role<00:18:25.030> that<00:18:25.179> we 00:18:25.289 --> 00:18:25.299 align:start position:0% function and a fundamental role that we 00:18:25.299 --> 00:18:28.260 align:start position:0% function and a fundamental role that we can<00:18:25.330> play<00:18:25.559> staking<00:18:26.559> of<00:18:26.679> course<00:18:26.950> we<00:18:27.190> can<00:18:27.400> add 00:18:28.260 --> 00:18:28.270 align:start position:0% can play staking of course we can add 00:18:28.270 --> 00:18:30.600 align:start position:0% can play staking of course we can add value<00:18:29.230> to<00:18:29.260> the<00:18:29.440> network<00:18:29.740> and<00:18:29.980> add<00:18:30.100> security<00:18:30.429> to 00:18:30.600 --> 00:18:30.610 align:start position:0% value to the network and add security to 00:18:30.610 --> 00:18:32.899 align:start position:0% value to the network and add security to the<00:18:30.789> network<00:18:31.169> community<00:18:32.169> calls<00:18:32.440> actually 00:18:32.899 --> 00:18:32.909 align:start position:0% the network community calls actually 00:18:32.909 --> 00:18:35.399 align:start position:0% the network community calls actually participating<00:18:33.909> in<00:18:34.000> the<00:18:34.510> conversation<00:18:34.690> around 00:18:35.399 --> 00:18:35.409 align:start position:0% participating in the conversation around 00:18:35.409 --> 00:18:36.870 align:start position:0% participating in the conversation around where<00:18:35.650> the<00:18:35.830> function<00:18:36.220> goes<00:18:36.400> and<00:18:36.640> where<00:18:36.760> the 00:18:36.870 --> 00:18:36.880 align:start position:0% where the function goes and where the 00:18:36.880 --> 00:18:39.149 align:start position:0% where the function goes and where the platform<00:18:37.390> goes<00:18:37.780> is<00:18:38.049> important<00:18:38.559> obviously 00:18:39.149 --> 00:18:39.159 align:start position:0% platform goes is important obviously 00:18:39.159 --> 00:18:40.980 align:start position:0% platform goes is important obviously participating<00:18:40.090> in<00:18:40.210> governance<00:18:40.659> we<00:18:40.809> can't 00:18:40.980 --> 00:18:40.990 align:start position:0% participating in governance we can't 00:18:40.990 --> 00:18:41.820 align:start position:0% participating in governance we can't just<00:18:41.140> talk<00:18:41.320> about<00:18:41.350> it 00:18:41.820 --> 00:18:41.830 align:start position:0% just talk about it 00:18:41.830 --> 00:18:44.070 align:start position:0% just talk about it we<00:18:41.919> have<00:18:42.039> to<00:18:42.130> be<00:18:42.340> about<00:18:42.580> it<00:18:42.840> we<00:18:43.840> need<00:18:43.990> to 00:18:44.070 --> 00:18:44.080 align:start position:0% we have to be about it we need to 00:18:44.080 --> 00:18:46.140 align:start position:0% we have to be about it we need to continue<00:18:44.289> educating<00:18:44.860> and<00:18:45.130> evangelizing<00:18:46.000> and 00:18:46.140 --> 00:18:46.150 align:start position:0% continue educating and evangelizing and 00:18:46.150 --> 00:18:49.020 align:start position:0% continue educating and evangelizing and help<00:18:46.929> to<00:18:47.020> create<00:18:47.260> and<00:18:47.679> enforce<00:18:48.039> a<00:18:48.520> narrative 00:18:49.020 --> 00:18:49.030 align:start position:0% help to create and enforce a narrative 00:18:49.030 --> 00:18:51.330 align:start position:0% help to create and enforce a narrative around<00:18:49.210> aetherium<00:18:49.840> that<00:18:50.440> goes<00:18:50.620> beyond<00:18:51.070> just 00:18:51.330 --> 00:18:51.340 align:start position:0% around aetherium that goes beyond just 00:18:51.340 --> 00:18:54.649 align:start position:0% around aetherium that goes beyond just the<00:18:51.880> foundation<00:18:52.330> just<00:18:53.049> the<00:18:53.140> technology 00:18:54.649 --> 00:18:54.659 align:start position:0% the foundation just the technology 00:18:54.659 --> 00:18:56.610 align:start position:0% the foundation just the technology storytelling<00:18:55.659> is<00:18:55.780> really<00:18:55.809> important<00:18:56.440> in<00:18:56.530> our 00:18:56.610 --> 00:18:56.620 align:start position:0% storytelling is really important in our 00:18:56.620 --> 00:18:58.950 align:start position:0% storytelling is really important in our space<00:18:56.919> and<00:18:57.190> it's<00:18:58.030> important<00:18:58.539> I<00:18:58.780> think 00:18:58.950 --> 00:18:58.960 align:start position:0% space and it's important I think 00:18:58.960 --> 00:19:00.810 align:start position:0% space and it's important I think particularly<00:18:59.770> important<00:19:00.220> for<00:19:00.340> aetherium 00:19:00.810 --> 00:19:00.820 align:start position:0% particularly important for aetherium 00:19:00.820 --> 00:19:03.180 align:start position:0% particularly important for aetherium and<00:19:01.630> I<00:19:01.960> think<00:19:02.140> we<00:19:02.230> can<00:19:02.320> do<00:19:02.440> that<00:19:02.470> on<00:19:02.679> behalf<00:19:02.950> and 00:19:03.180 --> 00:19:03.190 align:start position:0% and I think we can do that on behalf and 00:19:03.190 --> 00:19:05.310 align:start position:0% and I think we can do that on behalf and then<00:19:03.789> finally<00:19:04.240> Enterprise<00:19:04.809> growth<00:19:05.110> I<00:19:05.289> think 00:19:05.310 --> 00:19:05.320 align:start position:0% then finally Enterprise growth I think 00:19:05.320 --> 00:19:08.039 align:start position:0% then finally Enterprise growth I think is<00:19:05.559> quite<00:19:05.770> important<00:19:06.250> and<00:19:06.850> I<00:19:07.240> think<00:19:07.270> that<00:19:07.690> we 00:19:08.039 --> 00:19:08.049 align:start position:0% is quite important and I think that we 00:19:08.049 --> 00:19:10.740 align:start position:0% is quite important and I think that we can<00:19:08.200> add<00:19:08.380> a<00:19:08.679> bit<00:19:08.950> of<00:19:09.010> firepower<00:19:09.520> to<00:19:09.760> that<00:19:09.940> and 00:19:10.740 --> 00:19:10.750 align:start position:0% can add a bit of firepower to that and 00:19:10.750 --> 00:19:12.240 align:start position:0% can add a bit of firepower to that and rahl<00:19:11.049> user<00:19:11.289> growth<00:19:11.470> maybe<00:19:11.770> what<00:19:11.950> we<00:19:12.039> should<00:19:12.070> be 00:19:12.240 --> 00:19:12.250 align:start position:0% rahl user growth maybe what we should be 00:19:12.250 --> 00:19:15.350 align:start position:0% rahl user growth maybe what we should be asking<00:19:12.460> at<00:19:13.120> the<00:19:13.270> end<00:19:13.419> of<00:19:13.539> each<00:19:13.600> quarter<00:19:13.900> is<00:19:14.169> not 00:19:15.350 --> 00:19:15.360 align:start position:0% asking at the end of each quarter is not 00:19:15.360 --> 00:19:17.789 align:start position:0% asking at the end of each quarter is not why<00:19:16.360> isn't<00:19:16.720> the<00:19:16.780> foundation<00:19:17.260> doing<00:19:17.470> more<00:19:17.650> to 00:19:17.789 --> 00:19:17.799 align:start position:0% why isn't the foundation doing more to 00:19:17.799 --> 00:19:19.770 align:start position:0% why isn't the foundation doing more to increase<00:19:17.919> user<00:19:18.370> growth<00:19:18.700> and<00:19:19.000> instead<00:19:19.510> asked 00:19:19.770 --> 00:19:19.780 align:start position:0% increase user growth and instead asked 00:19:19.780 --> 00:19:21.720 align:start position:0% increase user growth and instead asked how<00:19:19.929> many<00:19:19.990> companies<00:19:20.559> did<00:19:21.070> I<00:19:21.159> introduce<00:19:21.429> to 00:19:21.720 --> 00:19:21.730 align:start position:0% how many companies did I introduce to 00:19:21.730 --> 00:19:23.340 align:start position:0% how many companies did I introduce to aetherium<00:19:22.150> and<00:19:22.330> how<00:19:22.659> many<00:19:22.840> users<00:19:23.110> do<00:19:23.260> they 00:19:23.340 --> 00:19:23.350 align:start position:0% aetherium and how many users do they 00:19:23.350 --> 00:19:25.740 align:start position:0% aetherium and how many users do they bring<00:19:23.530> on<00:19:23.679> and<00:19:24.090> in<00:19:25.090> the<00:19:25.240> spirit<00:19:25.600> of<00:19:25.690> the 00:19:25.740 --> 00:19:25.750 align:start position:0% bring on and in the spirit of the 00:19:25.750 --> 00:19:27.899 align:start position:0% bring on and in the spirit of the community<00:19:25.960> and<00:19:26.530> to<00:19:27.070> address<00:19:27.250> the<00:19:27.460> exclusivity 00:19:27.899 --> 00:19:27.909 align:start position:0% community and to address the exclusivity 00:19:27.909 --> 00:19:30.120 align:start position:0% community and to address the exclusivity issue<00:19:28.179> maybe<00:19:28.960> we<00:19:29.230> as<00:19:29.350> venture<00:19:29.679> capitalist 00:19:30.120 --> 00:19:30.130 align:start position:0% issue maybe we as venture capitalist 00:19:30.130 --> 00:19:31.649 align:start position:0% issue maybe we as venture capitalist shouldn't<00:19:30.400> do<00:19:30.580> this<00:19:30.789> from<00:19:30.940> the<00:19:31.090> perch<00:19:31.390> of 00:19:31.649 --> 00:19:31.659 align:start position:0% shouldn't do this from the perch of 00:19:31.659 --> 00:19:34.409 align:start position:0% shouldn't do this from the perch of being<00:19:32.650> an<00:19:32.770> investor<00:19:33.190> maybe<00:19:33.880> we<00:19:34.150> should<00:19:34.330> be 00:19:34.409 --> 00:19:34.419 align:start position:0% being an investor maybe we should be 00:19:34.419 --> 00:19:37.770 align:start position:0% being an investor maybe we should be doing<00:19:34.720> it<00:19:35.070> you<00:19:36.070> know<00:19:36.190> not<00:19:36.820> as<00:19:37.030> an<00:19:37.240> exclusive 00:19:37.770 --> 00:19:37.780 align:start position:0% doing it you know not as an exclusive 00:19:37.780 --> 00:19:39.840 align:start position:0% doing it you know not as an exclusive access<00:19:38.020> to<00:19:38.260> an<00:19:38.470> exclusive<00:19:38.890> club<00:19:39.130> investing<00:19:39.760> in 00:19:39.840 --> 00:19:39.850 align:start position:0% access to an exclusive club investing in 00:19:39.850 --> 00:19:42.060 align:start position:0% access to an exclusive club investing in an<00:19:39.940> exclusive<00:19:40.179> round<00:19:40.630> but<00:19:41.200> really<00:19:41.500> from<00:19:41.770> the 00:19:42.060 --> 00:19:42.070 align:start position:0% an exclusive round but really from the 00:19:42.070 --> 00:19:43.799 align:start position:0% an exclusive round but really from the ground<00:19:42.309> level<00:19:42.520> at<00:19:43.000> the<00:19:43.120> same<00:19:43.330> level<00:19:43.630> as<00:19:43.690> the 00:19:43.799 --> 00:19:43.809 align:start position:0% ground level at the same level as the 00:19:43.809 --> 00:19:47.130 align:start position:0% ground level at the same level as the community<00:19:44.230> and<00:19:45.090> if<00:19:46.090> we<00:19:46.299> go<00:19:46.480> into<00:19:46.659> that<00:19:46.840> area 00:19:47.130 --> 00:19:47.140 align:start position:0% community and if we go into that area 00:19:47.140 --> 00:19:49.799 align:start position:0% community and if we go into that area maybe<00:19:47.590> we<00:19:47.830> can<00:19:48.070> think<00:19:48.820> of<00:19:48.970> ourselves<00:19:49.120> you<00:19:49.600> know 00:19:49.799 --> 00:19:49.809 align:start position:0% maybe we can think of ourselves you know 00:19:49.809 --> 00:19:51.240 align:start position:0% maybe we can think of ourselves you know maybe<00:19:50.080> we<00:19:50.200> don't<00:19:50.289> need<00:19:50.440> to<00:19:50.559> be<00:19:50.650> just<00:19:50.890> venture 00:19:51.240 --> 00:19:51.250 align:start position:0% maybe we don't need to be just venture 00:19:51.250 --> 00:19:55.080 align:start position:0% maybe we don't need to be just venture capitalists<00:19:51.940> maybe<00:19:52.539> we<00:19:52.750> can<00:19:52.960> be<00:19:53.140> nodes<00:19:54.090> maybe 00:19:55.080 --> 00:19:55.090 align:start position:0% capitalists maybe we can be nodes maybe 00:19:55.090 --> 00:19:58.500 align:start position:0% capitalists maybe we can be nodes maybe we<00:19:55.299> can<00:19:55.450> be<00:19:55.630> venture<00:19:56.320> nodes<00:19:56.559> and<00:19:57.330> step<00:19:58.330> by<00:19:58.480> step 00:19:58.500 --> 00:19:58.510 align:start position:0% we can be venture nodes and step by step 00:19:58.510 --> 00:20:00.870 align:start position:0% we can be venture nodes and step by step we<00:19:58.960> can<00:19:59.140> slowly<00:19:59.530> but<00:19:59.860> steadily<00:20:00.070> facilitate<00:20:00.700> a 00:20:00.870 --> 00:20:00.880 align:start position:0% we can slowly but steadily facilitate a 00:20:00.880 --> 00:20:01.470 align:start position:0% we can slowly but steadily facilitate a more 00:20:01.470 --> 00:20:01.480 align:start position:0% more 00:20:01.480 --> 00:20:02.789 align:start position:0% more open<00:20:01.690> and<00:20:01.809> distributed<00:20:02.260> investment 00:20:02.789 --> 00:20:02.799 align:start position:0% open and distributed investment 00:20:02.799 --> 00:20:04.590 align:start position:0% open and distributed investment framework<00:20:03.280> for<00:20:03.880> this<00:20:04.000> new<00:20:04.240> age<00:20:04.450> of 00:20:04.590 --> 00:20:04.600 align:start position:0% framework for this new age of 00:20:04.600 --> 00:20:10.799 align:start position:0% framework for this new age of decentralisation<00:20:08.700> and<00:20:09.700> I<00:20:10.240> think<00:20:10.450> if<00:20:10.510> we<00:20:10.630> kind 00:20:10.799 --> 00:20:10.809 align:start position:0% decentralisation and I think if we kind 00:20:10.809 --> 00:20:12.210 align:start position:0% decentralisation and I think if we kind of<00:20:10.900> travel<00:20:11.260> along<00:20:11.410> this<00:20:11.500> path<00:20:11.770> and<00:20:11.799> think 00:20:12.210 --> 00:20:12.220 align:start position:0% of travel along this path and think 00:20:12.220 --> 00:20:14.340 align:start position:0% of travel along this path and think about<00:20:12.400> it<00:20:12.520> more<00:20:12.669> maybe<00:20:13.390> we<00:20:13.600> can<00:20:13.750> become<00:20:13.900> a 00:20:14.340 --> 00:20:14.350 align:start position:0% about it more maybe we can become a 00:20:14.350 --> 00:20:17.039 align:start position:0% about it more maybe we can become a better<00:20:14.380> version<00:20:15.010> of<00:20:15.070> ourselves<00:20:15.160> and<00:20:16.049> who 00:20:17.039 --> 00:20:17.049 align:start position:0% better version of ourselves and who 00:20:17.049 --> 00:20:19.350 align:start position:0% better version of ourselves and who knows<00:20:17.260> maybe<00:20:17.559> we<00:20:18.309> can<00:20:18.460> just<00:20:18.700> fix<00:20:18.970> the<00:20:19.210> broken 00:20:19.350 --> 00:20:19.360 align:start position:0% knows maybe we can just fix the broken 00:20:19.360 --> 00:20:21.710 align:start position:0% knows maybe we can just fix the broken model<00:20:19.840> of<00:20:20.080> venture<00:20:20.530> capital<00:20:20.980> along<00:20:21.220> the<00:20:21.460> way 00:20:21.710 --> 00:20:21.720 align:start position:0% model of venture capital along the way 00:20:21.720 --> 00:20:26.659 align:start position:0% model of venture capital along the way wouldn't<00:20:22.720> that<00:20:22.840> be<00:20:22.960> nice<00:20:25.260> so<00:20:26.260> what's<00:20:26.440> next 00:20:26.659 --> 00:20:26.669 align:start position:0% wouldn't that be nice so what's next 00:20:26.669 --> 00:20:28.890 align:start position:0% wouldn't that be nice so what's next what<00:20:27.669> do<00:20:27.760> we<00:20:27.880> want<00:20:28.059> from<00:20:28.150> the<00:20:28.299> community<00:20:28.750> or 00:20:28.890 --> 00:20:28.900 align:start position:0% what do we want from the community or 00:20:28.900 --> 00:20:30.990 align:start position:0% what do we want from the community or the<00:20:29.020> foundation<00:20:29.679> to<00:20:30.520> be<00:20:30.610> honest<00:20:30.850> we<00:20:30.970> don't 00:20:30.990 --> 00:20:31.000 align:start position:0% the foundation to be honest we don't 00:20:31.000 --> 00:20:33.840 align:start position:0% the foundation to be honest we don't really<00:20:31.299> want<00:20:31.450> anything<00:20:32.190> other<00:20:33.190> than<00:20:33.460> for<00:20:33.700> them 00:20:33.840 --> 00:20:33.850 align:start position:0% really want anything other than for them 00:20:33.850 --> 00:20:36.570 align:start position:0% really want anything other than for them to<00:20:34.030> know<00:20:34.299> that<00:20:34.950> there<00:20:35.950> are<00:20:35.980> people<00:20:36.400> out<00:20:36.549> there 00:20:36.570 --> 00:20:36.580 align:start position:0% to know that there are people out there 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00:20:42.669 --> 00:20:45.690 align:start position:0% think this is helpful engage us we need to<00:20:42.700> grow<00:20:43.030> this<00:20:43.240> through<00:20:43.960> dialogue<00:20:44.520> from<00:20:45.520> the 00:20:45.690 --> 00:20:45.700 align:start position:0% to grow this through dialogue from the 00:20:45.700 --> 00:20:47.010 align:start position:0% to grow this through dialogue from the etherion<00:20:45.970> community<00:20:46.270> again<00:20:46.720> we<00:20:46.870> don't 00:20:47.010 --> 00:20:47.020 align:start position:0% etherion community again we don't 00:20:47.020 --> 00:20:48.240 align:start position:0% etherion community again we don't necessarily<00:20:47.110> want<00:20:47.470> anything<00:20:47.740> specific 00:20:48.240 --> 00:20:48.250 align:start position:0% necessarily want anything specific 00:20:48.250 --> 00:20:49.890 align:start position:0% necessarily want anything specific either<00:20:48.429> other<00:20:48.700> than<00:20:48.820> an<00:20:49.059> openness<00:20:49.419> to<00:20:49.540> meet<00:20:49.780> us 00:20:49.890 --> 00:20:49.900 align:start position:0% either other than an openness to meet us 00:20:49.900 --> 00:20:51.720 align:start position:0% either other than an openness to meet us halfway<00:20:50.110> and<00:20:50.559> engage<00:20:51.100> in<00:20:51.250> the<00:20:51.340> dialogue<00:20:51.460> and 00:20:51.720 --> 00:20:51.730 align:start position:0% halfway and engage in the dialogue and 00:20:51.730 --> 00:20:53.700 align:start position:0% halfway and engage in the dialogue and get<00:20:52.210> suggestions<00:20:52.630> and<00:20:52.960> support<00:20:53.350> and<00:20:53.500> feedback 00:20:53.700 --> 00:20:53.710 align:start position:0% get suggestions and support and feedback 00:20:53.710 --> 00:20:55.650 align:start position:0% get suggestions and support and feedback there's<00:20:54.370> always<00:20:54.490> been<00:20:54.669> a<00:20:54.700> distance<00:20:55.179> between 00:20:55.650 --> 00:20:55.660 align:start position:0% there's always been a distance between 00:20:55.660 --> 00:20:57.930 align:start position:0% there's always been a distance between the<00:20:55.900> etherium<00:20:56.559> and<00:20:56.710> VCS<00:20:57.190> and<00:20:57.250> maybe<00:20:57.640> we<00:20:57.790> can 00:20:57.930 --> 00:20:57.940 align:start position:0% the etherium and VCS and maybe we can 00:20:57.940 --> 00:21:00.360 align:start position:0% the etherium and VCS and maybe we can bridge<00:20:58.179> that<00:20:58.210> gap<00:20:58.419> a<00:20:58.630> little<00:20:58.990> bit<00:20:59.140> and<00:20:59.440> breathe 00:21:00.360 --> 00:21:00.370 align:start position:0% bridge that gap a little bit and breathe 00:21:00.370 --> 00:21:02.700 align:start position:0% bridge that gap a little bit and breathe some<00:21:00.549> life<00:21:00.610> into<00:21:00.820> this<00:21:01.120> idea<00:21:01.480> to<00:21:02.290> be<00:21:02.380> honest<00:21:02.650> I 00:21:02.700 --> 00:21:02.710 align:start position:0% some life into this idea to be honest I 00:21:02.710 --> 00:21:04.470 align:start position:0% some life into this idea to be honest I think<00:21:02.980> this<00:21:03.130> is<00:21:03.250> much<00:21:03.429> more<00:21:03.580> a<00:21:03.640> call<00:21:03.940> to<00:21:04.090> action 00:21:04.470 --> 00:21:04.480 align:start position:0% think this is much more a call to action 00:21:04.480 --> 00:21:06.090 align:start position:0% think this is much more a call to action for<00:21:04.660> the<00:21:04.780> investor<00:21:05.200> community<00:21:05.350> to 00:21:06.090 --> 00:21:06.100 align:start position:0% for the investor community to 00:21:06.100 --> 00:21:08.130 align:start position:0% for the investor community to self-organize<00:21:06.580> and<00:21:07.179> perhaps<00:21:07.630> give<00:21:07.990> some 00:21:08.130 --> 00:21:08.140 align:start position:0% self-organize and perhaps give some 00:21:08.140 --> 00:21:09.960 align:start position:0% self-organize and perhaps give some shape<00:21:08.440> to<00:21:08.500> the<00:21:08.830> things<00:21:09.040> that<00:21:09.130> we<00:21:09.610> think<00:21:09.880> about 00:21:09.960 --> 00:21:09.970 align:start position:0% shape to the things that we think about 00:21:09.970 --> 00:21:13.200 align:start position:0% shape to the things that we think about and<00:21:10.360> kind<00:21:10.840> of<00:21:10.960> put<00:21:11.110> into<00:21:11.200> action<00:21:11.740> and<00:21:12.730> so<00:21:13.030> if 00:21:13.200 --> 00:21:13.210 align:start position:0% and kind of put into action and so if 00:21:13.210 --> 00:21:14.640 align:start position:0% and kind of put into action and so if you're<00:21:13.330> an<00:21:13.419> investor<00:21:13.540> and<00:21:14.049> want<00:21:14.590> to 00:21:14.640 --> 00:21:14.650 align:start position:0% you're an investor and want to 00:21:14.650 --> 00:21:18.510 align:start position:0% you're an investor and want to participate<00:21:15.059> hit<00:21:16.059> me<00:21:16.210> up<00:21:17.400> thank<00:21:18.400> you<00:21:18.490> very 00:21:18.510 --> 00:21:18.520 align:start position:0% participate hit me up thank you very 00:21:18.520 --> 00:21:19.190 align:start position:0% participate hit me up thank you very much 00:21:19.190 --> 00:21:19.200 align:start position:0% much 00:21:19.200 --> 00:21:30.799 align:start position:0% much [Applause] 00:21:30.799 --> 00:21:30.809 align:start position:0% 00:21:30.809 --> 00:21:32.870 align:start position:0% you