Show Summary:
Today we hear from investor and community builder, Jessy Wu.
We begin by exploring Jessy’s background and what has driven her love of community, before diving into the mechanics of non-fungible token technology, how this is facilitating community building, as well as the mental models Jessy thinks through when purchasing an NFT. She also shares her cautionary perspectives on speculative investment in the space, and how she approached learning by doing with her own Afterwork Astronauts NFT launch.
We close with a discussion around assessing investment opportunities when looking at Web3 projects, and how this might differ from assessing traditional companies, with specific regard to defensibility and competition.
Timestamps:
Start - Afterwork, why Jessy joined, and their approach to community powered VC investing
2:25 - Episode summary and Jessy intro
6:00 - How communities have evolved over time, how they’ve weakened, and the shortfalls that stirred the formation of Web3 communities
15:30 - Mental model for purchasing NFTs
25:30 - Learning by creating a community - The 'Afterwork Astronauts'
34:30 - A case study on Earlywork - a community embodying Web3 principles
38:30 - Evaluating defensibility as an investor in Web3
45:00 - Where to follow Jessy
Links:
Jessy's Socials -
Linkedin - https://www.linkedin.com/in/jessyzwu/
Twitter - https://twitter.com/jessywu95
Afterwork -
Afterwork Astronauts website - https://www.afterwork.vc/astronauts
Afterwork founder deck - https://docsend.com/view/j9ef29z5658zvxcr
Afterwork Astronauts discord - https://discord.com/invite/xJTUzfTt?fbclid=IwAR2hFajSG6bQ7rYAvC3E3n_IqG17Y51Q_8_lBwfnM1X5JRpqDxdgufabFMA
NFT Projects -
Crypto Coven - https://www.cryptocoven.xyz/
Fortune Friends Club - https://fortunefriends.club/
Astro Girls - https://www.astrogirls.wtf/
Bored Apes - https://boredapeyachtclub.com/#/
Keen to receive each podcast in your inbox? Subscribe below.
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit abstractionpodcast.substack.com