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The Power of Betting on People in the Web2/Web3 Era

As we navigate through the dynamic space of web2 and web3, a compelling pattern emerges—one that shifts the focus from the allure of innovative projects to the undeniable potential of visionary individuals.

It’s becoming increasingly clear: seasoned investors are placing their bets on people with a proven track record of success, rather than solely on the projects or products they present.


This drives a game-changing strategy: People over projects.

The Case of Pudgy Penguins: A Testament to Visionary Investment

Consider the story of Pudgy Penguins, a project that garnered significant attention not just for its concept but because of the person behind it.

Investors like Luke Belmar saw beyond the immediate appeal of the project.

His investment decision was heavily influenced by his confidence in Luca Netz, a figure who had already made his mark in e-commerce before venturing into web3.

Betting half a million on Netz’s potential, when few could see the vision, was a move that many might have deemed risky.

Yet, it was this decision that set the stage for what many now regard as a stroke of genius or luck.

But was it really just luck, or was it a calculated bet on a person’s ability to innovate and lead?

The Essential Lesson: Identifying and Supporting Future Leaders

This narrative brings us to a critical lesson: the importance of identifying individuals with the potential to redefine industries.

It’s about finding the next Luca Netz and having the foresight to support their vision.

It’s not about giving direct advice but about encouraging a mindset shift towards investing in people.

Take, for example, Shan and the team behind PGodjira.

As we move deeper into the web3, it’s individuals and teams like these that are poised to make significant impacts.

Their dedication, vision, and track record suggest they’re the ones to watch, and potentially, the ones to bet on.

The Ripple Effect of Strategic Bets: A Path to Success

Reflecting on the success stories of those who bet on CZ early on, investing in platforms like $BNB and $CAKE, it’s evident that strategic bets on visionary leaders can lead to unparalleled opportunities for growth and success.

The key is in recognizing patterns, understanding the value of leadership and vision, and taking action.

Moving Forward: How to Leverage This Insight

As we continue to explore the ever-evolving web3 space, it becomes crucial to research not just the ecosystems and projects but the people behind them.

Look for individuals who demonstrate a clear vision, a track record of overcoming challenges, and the ability to lead projects to success.

It’s about betting on people who have the potential to innovate, disrupt, and build lasting legacies.

Conclusion: The Future Is Bright for Those Who Dare to Bet on People

In a world where the next big innovation is always around the corner, it’s the people behind the ideas that truly make a difference.

As you consider your next investment or the project you wish to support, remember: betting on people, on their ability to dream big and execute flawlessly, is a strategy that can yield incredible rewards.

Focus on the visionaries and the leaders who are building the future of web2 and web3.

By betting on people, we not only contribute to their success but also to the broader evolution of technology and society.

Thank you for being part of this journey.

Here’s to finding and supporting the visionaries who will lead us into tomorrow.

Best, Bill


As always, this newsletter aims to inspire and inform. It’s about sharing insights that can help us all make more informed decisions, whether in investing, supporting projects, or simply understanding the trends that shape our digital space. Here’s to the future—and the people who will lead us there.

Bill Frunze
Bill Frunze
With a rich history of building successful businesses from the ground up, I’ve turned my focus to empowering hotel owners and aspiring entrepreneurs. My journey has been about more than just business—it’s about harnessing potential and fostering growth.
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