The Generalist is a newsletter with long business profiles of tech companies, venture investors, and crypto projects.
HN links it for its breakdowns of companies like Tiger Global, Helium, and AngelList, and for revenue figures and structural comparisons in those pieces.
> Helium’s economy looks moderate or small, depending on how you parse the numbers. According to Token Terminal, Helium’s revenue in June totaled $2.6 million. That’s down from the April high of $5.5 million but a 73% improvement over the same period a year earlier. In 2020, Helium’s June revenue was below $200,000. Eddy Lazzarin, the head of protocol design at a16z, noted that when his firm first invested in Helium, “the last ninety days had something like $600.” It has come a long way since then.
> However, this is only part of the picture. Data Credits are used when onboarding a hotspot, asserting a location, and processing a payment. Onboarding hotspots, in particular, is intensive from a Data Credit perspective. Since Helium is onboarding so many new hotspots, this skews results, suggesting greater customer activity than is actually present. Data from The Decentralized Wireless Alliance removes these three uses, demonstrating the size of the Helium economy’s customer demand. By this measure, DC usage was just $6,561 in June.
https://www.readthegeneralist.com/briefing/helium
> no source for the $6.5k/month revenue
It's in a photo attached to the first tweet: https://readthegeneralist.com/briefing/helium
> Data Credits are used when onboarding a hotspot, asserting a location, and processing a payment. Onboarding hotspots, in particular, is intensive from a Data Credit perspective. Since Helium is onboarding so many new hotspots, this skews results, suggesting greater customer activity than is actually present. Data from The Decentralized Wireless Alliance removes these three uses, demonstrating the size of the Helium economy’s customer demand. By this measure, DC usage was just $6,561 in June.
Huh, few months back this [1] was shared here[2] and also this[3]
The import was Tiger is somehow playing investment game at totally different level. And they are totally upending whole VC model with their speed of investment and little due diligence. It definitely felt a whole lot of bullshit to me.
1. https://www.readthegeneralist.com/briefing/tiger-global
2. https://news.ycombinator.com/item?id=29296904
3. https://randle.substack.com/p/playing-different-games?s=r
> Besides laws, norms & regulatory structure, what's the difference between a DAU and a joint stock company?
This might have been a rhetorical question but I'll give an answer anyway - this article [0] makes the same comparison and discusses that exact analogy
[0] https://www.readthegeneralist.com/briefing/dao
https://www.readthegeneralist.com/briefing/angellist gives a good breakdown