Brief Summary
The video discusses the Internet Capital Market (ICM) narrative in crypto, highlighting its potential to overshadow AI and meme coin hype. It emphasizes the importance of identifying promising early-stage startups within this narrative, focusing on factors like the founder's credibility, team's ability to deliver, product's uniqueness and real-world demand, and the project's potential for virality and long-term user engagement. The video also shares a list of specific ICM projects that the speaker finds promising based on their analysis.
- Focus on identifying promising early-stage startups within the ICM narrative.
- Key factors for evaluation include founder credibility, team execution, product uniqueness, real-world demand, and virality potential.
- Several ICM projects are highlighted as promising based on the speaker's analysis.
Introduction to ICM Narrative
The video introduces the Internet Capital Market (ICM) narrative as a potentially dominant force in the crypto space, possibly surpassing the hype around AI and meme coins. The speaker emphasizes the importance of understanding and following this narrative, suggesting that projects within this meta could experience significant growth. The approach to this narrative involves thinking like a venture capitalist (VC) and identifying early-stage startups with high potential.
Thinking Like a VC: Identifying Promising Startups
To navigate the ICM narrative successfully, the speaker advises adopting a VC mindset, focusing on identifying early-stage startups with the potential for significant growth and user adoption. This involves evaluating these startups as businesses, considering factors such as market size and the commitment of the founders. The challenge lies in discerning which new ventures will achieve substantial success and attract a large user base.
Key Questions for Evaluating ICM Projects: Founder and Team
When evaluating an ICM project, the credibility and commitment of the founder are critical, especially since these startups often lack substantial revenue or profit in their early stages. Key questions to consider include the founder's previous successes, their reputation in the industry, the strength of their team (including developers), and their level of commitment to the project. A founder's credibility can be assessed through their online presence, past projects, and network.
Key Questions for Evaluating ICM Projects: Product and Demand
The ability of the team to deliver a functional product is crucial, distinguishing ICM from other crypto narratives that focus more on infrastructure and ideas without tangible user engagement or profit. It's important to assess whether the team is responsive to feedback and avoids shilling other projects. The product itself should be evaluated based on whether the idea has failed before, if there's a unique innovation, and if there's real demand and existing users.
Key Questions for Evaluating ICM Projects: Valuation and Attention
Valuation should be compared to similar companies in Web2 to determine if the project is overvalued. Attention is also a key factor; projects should have a mechanism for going viral and retaining users long-term. Consider whether the project is something users would use repeatedly. Finally, analyze the price action to identify potential chart farming and understand the behavior of whales and snipers.
ICM Projects Analysis and Recommendations
The speaker shares a list of ICM coins that they find interesting, emphasizing that these projects have been analyzed based on the criteria discussed earlier. Projects mentioned include Launch Coin (considered a leader in the space with potential for further growth), Knit (a project for creating games using prompts, backed by Kingnet), Fit (with strong user engagement), and Time of Fun. The speaker advises viewers to conduct their own research and look for projects with active volume and responsive price action.
