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  1. Lucid Tech

    Web 3.0 (Ethereum) is happening, and most people have no idea what it even is.

    GOLD! IDEA 
    Reminds me of when Brian Armstrong was looking for a co-founder for Coinbase and all of the brilliant minds on HackerNews smugly tore his idea apart in 2012. He's now a billionaire. https://news.ycombinator.com/item?id=3754664 Some of my favorites: "I don't think you've properly thought this...
  2. Lucid Tech

    Think Big, and Then Think Bigger Than That.

    GOLD! 
    I sell garlic presses on Amazon and make literally tens of dollars per month. Kidding. Me and some of my former investors have formed an informal private equity group, technically a "fundless sponsor" model as we don't have outside capital, just our own money and strong relationships with...
  3. Lucid Tech

    Think Big, and Then Think Bigger Than That.

    GOLD! 
    Yeah the timeline was no joke. You're dealing with academics and bureaucrats, not entrepreneurs, so things move slowly. Our initial license probably took 6 months from idea -> discussion -> verbal agreement -> various contract drafts -> final signed version. Subsequent licenses were much...
  4. Lucid Tech

    Think Big, and Then Think Bigger Than That.

    GOLD! 
    @Kak I just listed to the episode around partnerships. It's a great brief intro-level discussion around what these could look like. While understanding the need to maintain confidentiality for your own projects, my feedback would be that people could benefit from an expanded episode that goes...
  5. Lucid Tech

    Think Big, and Then Think Bigger Than That.

    GOLD! 
    In VC, the size of the opportunity is one of the biggest criteria. Because roughly 90% of their investments go bust, each investment by necessity must have greater than a 10x potential return. If they are investing in businesses that can only return 5x, the math simply doesn't work. Even if...
  6. Lucid Tech

    Dressing For Success... Stop looking like a fool.

    PEOPLE HOT! 
    Yeah @Kak why are you wasting your time meeting with evil politicians who control million and billion dollar budgets? That seems like a lot of work. If you're trying to get rich, have you heard of a Roth IRA? -------------------------- In practical news, one thing that has worked for me is to...
  7. Lucid Tech

    VeChain Thor (VET) Cryptocurrency Thread

    CRYPTO INVESTING 
    From your own link, @BMWUSA's reply in that same Twitter chain: "Sorry for any confusion. VeChain is participating in the BMW Startup Garage programme. As a Venture Client, the BMW Group becomes a customer of the start-up at a time when the product, technology or service is not yet ready for...
  8. Lucid Tech

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    I had a feeling that might be a "consultation call" level of question but wanted to see what I could get away with. Will contact you when I'm a little further along in the 5 flags path.
  9. Lucid Tech

    What I would do if I started today... And Why...

    AMA 
    @Scot I made a thread a while back about generating interest in a fundraising round before you even open the round. It did not get much traction but you may find it useful for your situation: Fundraising tip: Raise the round before it's even open EDIT: Oops, you are already in that thread...
  10. Lucid Tech

    What I would do if I started today... And Why...

    AMA 
    In general, you are going to have a tough time finding VC interest in deals that size unless they are a smaller VC firm. The big names with several hundred million or a billion+ sized firm are typically looking at deals involving $1 million or more. It's just math: even a 50x home run return...
  11. Lucid Tech

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    @GlobalWealth excellent thread and great value here. A question regarding taxation for US persons. You mentioned on the first page that you may owe US taxes depending on how the business is structured. Do you have a preferred legal entity to minimize this? I.e. some sort of legal entity...
  12. Lucid Tech

    Money System: Technical Analysis Question (MZA vs FAX)

    INVESTING 
    Thanks this is very helpful. For others who are reading, here is a summary from that page: "So if the tax character of a fund’s distributions cannot be relied upon to reveal whether or not a fund has earned its distributions, how can a shareholder determine this important information? It’s...
  13. Lucid Tech

    Money System: Technical Analysis Question (MZA vs FAX)

    INVESTING 
    Agreed, it does affect the capital gains when the shares are sold and gains are realized. I was referring to the tax treatment on the monthly distributions themselves. Generally, they aren't taxable as it's considered part of your original investment simply being returned to you.
  14. Lucid Tech

    Money System: Technical Analysis Question (MZA vs FAX)

    INVESTING 
    Thanks for weighing in and glad to see confirmation of my theory. That 8%+ yield is tantalizingly juicy, but dangerous.
  15. Lucid Tech

    Money System: Technical Analysis Question (MZA vs FAX)

    INVESTING 
    This relates to the Money System mentioned towards the back of Unscripted, and how to perform due diligence on quality of cash flows. This will compare two examples (at least one is mentioned in the book): BlackRock MuniYield Arizona (MZA) and Aberdeen Asia-Pacific Income Fund Inc (FAX). Both...
  16. Lucid Tech

    29 Years old: Just bought my 2nd Lambo (not clickbait)

    GOLD! 
    This one sentence fully encapsulates your previous quote that "success is not a destination." Not altering your ability to make investments shows you're still hungry, still moving forward, still making moves. Great job and congrats @G_Alexander
  17. Lucid Tech

    What I would do if I started today... And Why...

    AMA 
    Great points @Kak Just to chime in a few thoughts, as someone who's raised a bit over $3 million for my current venture. You'll get a huge boost from the laws of Entry (raising millions is tough) and Scale (you can go big very fast) but you might lose out on Time and Control depending on how...
  18. Lucid Tech

    App

    EXECUTION 
    Wishing you the best of luck. It sounds like you've already validated your idea before building something which is more than most. We have used Unity3D extensively over the past several years for very graphically-intense simulations and it handles them well. However, are you sure Unity is...
  19. Lucid Tech

    Should I dumb down my content for people like @vigilante and @imgal?

    HOT! MARKETING 
    Communication is not about what you meant to say. It is about what the other person thinks you meant to say. "Dumbing down is the deliberate oversimplification of intellectual content within education, literature, cinema, news, video games and culture in order to relate to those unable to...
  20. Lucid Tech

    How do you deal with disbelievers?

    MINDSET RANT 
    “Don’t tell me what you are going to do. Show me what you have done.”
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