This Week in Startups Ex-FB Diem team builds Aptos blockchain, Metamask parent ConsenSys raises $450M, Mojo's athlete betting market, Zero Grocery shutdown | E1409
Mar 16, 2022
Dive into the rise of Aptos, a new blockchain boasting a $1B valuation, and the impressive $450M funding round raised by ConsenSys. Discover Mojo's innovative concept of a stock market-style platform for betting on athletes and the surprising shutdown of Zero Grocery just a month after funding. Explore the evolution of digital currency from Facebook's Libra to current blockchain trends, alongside discussions on startup challenges, diversity in hiring, and the importance of effective communication in business.
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Jason's Libra Handle
- Jason Calacanis recounts trying to sell the Libra Twitter handle to Facebook for $100,000.
- He refused phone calls, preferring written communication.
Billion-Dollar Valuations
- Many startups with billion-dollar valuations pre-launch fail, following Jason's rule.
- Aptos may also fall into this category due to its high valuation and lack of product.
Centralized vs. Decentralized Currency
- Governments likely need control over currency for societal functions like taxation and healthcare.
- Decentralized currencies may enable anonymous transactions, but centralized systems remain crucial.
