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Jae Kwon

๐Ÿ‘ค Speaker
152 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
821: Crypto: $17m Raised to Speed Up Mining Blocks Using New "Validators"

There's 20-something million.

SaaS Interviews with CEOs, Startups, Founders
821: Crypto: $17m Raised to Speed Up Mining Blocks Using New "Validators"

We're using the funds from... Oh, you mean how much, what percentage of the proceeds of the fundraiser have we liquidated?

SaaS Interviews with CEOs, Startups, Founders
821: Crypto: $17m Raised to Speed Up Mining Blocks Using New "Validators"

Well, we're currently closing a contract for around $3 million for the major components of the Cosmos software.

SaaS Interviews with CEOs, Startups, Founders
821: Crypto: $17m Raised to Speed Up Mining Blocks Using New "Validators"

And of that, we've had to liquidate...

SaaS Interviews with CEOs, Startups, Founders
821: Crypto: $17m Raised to Speed Up Mining Blocks Using New "Validators"

small minority to fund development so far.

SaaS Interviews with CEOs, Startups, Founders
821: Crypto: $17m Raised to Speed Up Mining Blocks Using New "Validators"

We're still building out our team.

SaaS Interviews with CEOs, Startups, Founders
821: Crypto: $17m Raised to Speed Up Mining Blocks Using New "Validators"

And we've also liquidated the tokens for hedging purposes because we have to keep a lot of that.

SaaS Interviews with CEOs, Startups, Founders
821: Crypto: $17m Raised to Speed Up Mining Blocks Using New "Validators"

Oh.

SaaS Interviews with CEOs, Startups, Founders
821: Crypto: $17m Raised to Speed Up Mining Blocks Using New "Validators"

Yeah, yeah.

SaaS Interviews with CEOs, Startups, Founders
821: Crypto: $17m Raised to Speed Up Mining Blocks Using New "Validators"

Not 3 million yet, no.

SaaS Interviews with CEOs, Startups, Founders
821: Crypto: $17m Raised to Speed Up Mining Blocks Using New "Validators"

We haven't spent that much.

SaaS Interviews with CEOs, Startups, Founders
821: Crypto: $17m Raised to Speed Up Mining Blocks Using New "Validators"

Okay, good.

SaaS Interviews with CEOs, Startups, Founders
821: Crypto: $17m Raised to Speed Up Mining Blocks Using New "Validators"

Yeah, we're being very lean.

SaaS Interviews with CEOs, Startups, Founders
821: Crypto: $17m Raised to Speed Up Mining Blocks Using New "Validators"

There's no point growing all that fast when you're not going to produce the right code, so we have to grow slow.

SaaS Interviews with CEOs, Startups, Founders
821: Crypto: $17m Raised to Speed Up Mining Blocks Using New "Validators"

My favorite crypto book.

SaaS Interviews with CEOs, Startups, Founders
821: Crypto: $17m Raised to Speed Up Mining Blocks Using New "Validators"

Or blog.

SaaS Interviews with CEOs, Startups, Founders
821: Crypto: $17m Raised to Speed Up Mining Blocks Using New "Validators"

Snow Crash.

SaaS Interviews with CEOs, Startups, Founders
821: Crypto: $17m Raised to Speed Up Mining Blocks Using New "Validators"

I'd say Snow Crash.

SaaS Interviews with CEOs, Startups, Founders
821: Crypto: $17m Raised to Speed Up Mining Blocks Using New "Validators"

Have you read that?

SaaS Interviews with CEOs, Startups, Founders
821: Crypto: $17m Raised to Speed Up Mining Blocks Using New "Validators"

Okay, Snow Crash.