am up early to get ready a draft pitch presentation done to 'wow' my partners within 10-minutes of unveiling geewhizbangohwhoawee presentation, to get the more creative thought flows going, to then finalise and present to two could-be-client-partners in a JV to do something in Asia using an client-internal draft-pick team and interact with a bunch of external parties, in a phased (of something) approach, to achieve an economic result, in a risk-mitigated way.
The pitch coincidentally features tokens, again.
The pitch ought to happen before year-end. It shall happen, the pitch moment. Issue is what to say in the first 3-minutes, and then the next 10-minutes. We know what to do for the first 27-months.
Normally it all would be simply a consulting project, and billing time. We the boyz are instead saying, 'we are your minority partners as well as consultant, so we share risk'. True, we share their risk with our time, effort, network and plan, and execution get-up-and-go.
I have not done a pitch since long ago (2015?). Recent earlier success with the financial group that was done causally was a pitch, and might be the biggest and easiest pitch I had ever done, a few pages of powerpoint, now in process to result in a deal where we of the thread might all benefit, through staking, and through improved processes that remake an industry sector.
Continuing on, again by contact of old client's dropped people, I found an unexpected angle that partly but importantly matters to solving a real world Asia expansion challenge of a consumer company. So the draft pitch is done with two objectives in mind, to get a JV schema going, and at worst to add ommmmnnnph to a crypto schema even in the absence of more direct gain.
Strangely, crypto gets novices in charge of real world problems unusually excited and particularly brave to experiment, as the crypto league people are willing to work for free, at the first go, for quick win, as demo, and work as partners with shin in the game going forward.
Like, say the magic 'crypto' word, and doors open to all manner of pitches, it seems, and at least folks want to listen to learn if all smoke, or mirrors, and no beef.
I think crypto is more than cyber money borne of the metaverse, and whilst bitcoin might be digital-gold but still not actual gold, even as bitcoin had been and might still turn out to be better-gold, utility coins can be copper, aluminium, uranium, ... rare earths, all stuff that makes the universe go go go.
"crypto shall force-change your industry" as calling card opens doors.
bloomberg.com
Ray Dalio Says ‘Cash Is Trash’ and Makes the Case for Crypto
Donald Moore
16 September 2021, 00:21 GMT+8
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Ray Dalio warned that investors shouldn’t become too reliant on cash and that while he owns some Bitcoin there’s a danger that governments could destroy the crypto market.
“First, know cash is trash, so don’t keep it in cash,” Dalio, the founder of $150 billion Bridgewater Associates, told CNBC Wednesday.
Dalio, 72, who has a $15.6 billion fortune, according to the Bloomberg Billionaires Index, said he has some money invested in Bitcoin, but it’s a small percentage of his investment in gold, which in turn is a small percentage of his other assets.
The hedge fund billionaire said that governments don’t want cryptocurrency to succeed, but that doesn’t mean investors shouldn’t diversify.
Bitcoin, the largest digital currency, has jumped more than 60% this year, but has come under increased scrutiny from regulators concerned about how retail investors are engaged with cryptocurrencies.
“At the end of the day if it’s really successful, they’ll kill it,” Dalio said. “But that doesn’t mean it doesn’t have a place.”
Later in the day at the SALT conference in New York, Dalio cast doubt on the prediction earlier this week by Ark Investment Management’s Cathie Wood that Bitcoin will increase 10-fold in five years, saying that “doesn’t make sense to me.”
Bridgewater’s Pure Alpha II hedge fund has gained 1.4% this year through August. The firm manages $105 billion in hedge fund assets.
(Updates with SALT conference in penultimate paragraph, hedge fund performance in last.)
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