Assertion Supported AI assessment confidence: 90% certainty 4/5 debate potential 1/5

Staging Labs raised its seed round between the Terra and FTX collapses

Frankie Le Nguyen · He interviewed users, built a waitlist & raised $1.1M—but it still didn't work. | Frankie Le Nguy... · PMF Show · Feb 27, 2025 · at 14:10

Frankie Le Nguyen describes the timing of Staging Labs' fundraising round.

0:00 / 0:09exact quote · 9.7s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“So by the time we went out to market, so we raised in late 22 Like, right after Terra, but before FTX, so like, in between two shitshows”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Frankie Le Nguyen

Opinion
Nguyen: Crypto 'degens' will never pay for security products
“They don't care about safety. They don't, they believe they're gonna live forever. They're not gonna necessarily be willing to pay for security. And this is not just us. There's a bunch of security startups in the crypto space that also have to pivot out of th…”
Frankie Le Nguyen Feb 27, 2025 ▶ 16:38 He interviewed users, built a waitlist & raised $1.1M—but it still didn't work. | Frankie Le Nguy... · PMF Show
Insight
Nguyen: The final 10% of startup execution is unteachable
“I think like the real talk is just like the 90% almost doesn't matter. It's like the bottom, like the last 10% is what matters. You could do everything right and still get screwed. You know, it's like, how do you do the last bit? And that's like, you cannot te…”
Frankie Le Nguyen Feb 27, 2025 ▶ 12:09 He interviewed users, built a waitlist & raised $1.1M—but it still didn't work. | Frankie Le Nguy... · PMF Show
Insight
Nguyen: B2C crypto distribution relies entirely on partnerships or community
“I knew that like in a BTC crypto play, it was either partnerships or community.”
Frankie Le Nguyen Feb 27, 2025 ▶ 13:48 He interviewed users, built a waitlist & raised $1.1M—but it still didn't work. | Frankie Le Nguy... · PMF Show
Assertion Not checkable as stated
MetaMask partner delays pushed Staging Labs' launch from March to September
“We were supposed to go to market sometime in March, but we only went to market in September, not, not anything due to our own execution because of our reliance on partners”
Frankie Le Nguyen Feb 27, 2025 ▶ 14:26 He interviewed users, built a waitlist & raised $1.1M—but it still didn't work. | Frankie Le Nguy... · PMF Show
Insight
Nguyen: Building for a customer demographic you dislike is an impossible grind
“If you're a founder who doesn't want to build for your customer, and VCs will never tell you this, it's a very hard road to climb, because, like, if you don't care about the person you're trying to spend, like, 80 hours a week with, like, good luck to you.”
Frankie Le Nguyen Feb 27, 2025 ▶ 21:31 He interviewed users, built a waitlist & raised $1.1M—but it still didn't work. | Frankie Le Nguy... · PMF Show
Assertion Not checkable as stated
The SEC's SAB 121 flip-flop destroyed Staging Labs' B2B compliance pivot
“So the reason why the urgency wasn't there is SAB one 21, the article got flip-flopped. Like it was nulled in the end. So our reason for being was a compliance, this contingent on a compliance article that didn't come to fruition. So it effectively killed the …”
Frankie Le Nguyen Feb 27, 2025 ▶ 28:24 He interviewed users, built a waitlist & raised $1.1M—but it still didn't work. | Frankie Le Nguy... · PMF Show
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 250 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.