Designer Danny Trinh discusses investor behavior with host Greg Isenberg.
Opinion
Trinh: Music NFT hype currently lacks substantial backing
“So I think you have all these people like kind of telling each other it's going to be awesome or it's the future without, you know, a ton behind it.”
Prediction Not checkable as stated
Trinh: Tech market downturn is far from over and entering deeper darkness
“And you know, this period is far from even over or frankly, even getting started. I think we're still in the free fall into like in the depth of some darkness.”
Insight
Trinh: Following veteran tech experts' growth advice is often a mistake
“When you're listening to the experts or listening to like the, like, you know, the people who have been there, done that, tell you how you need to be growing and tell you how you need to be approaching a problem. You know, it was it was often really bad advice…”
Insight
Trinh: VC followers on consumer app social accounts indicate fake organic traction
“I feel like it's always negative signal if you go to a company's page, and it's followed by, like, old VCs, and you're just like, yeah, they, like, have, like,
a hype round going, but, like, no kids actually fuck with them, you know?”
Insight
Trinh: Consumer Founders Need a Distribution Strategy or They Get Copied
“I think it's a pain cave for a founder to go out without some angle or strategy and how they're going to get distribution, you know, like what advantage are you going to have? Because say you make something great, it's going to get copied or snatched up by som…”
Insight
Trinh: Every social founder eventually attempts an IRL hangout app
“Every social founder at one point tries to make an app for like getting people to hang out together, IRL. And it's so true. I think free, free is definitely my version of that lesson.”