Overnight Success cover art

Overnight Success

By: Chris Joannou Draper University
  • Summary

  • This is where we celebrate leading founders, investors, and pioneers across crypto and creator ecosystems. While there's no such thing as true overnight success, hearing their stories of determination, persistence, and resilience can inspire us all to achieve our own dreams. Presented by Draper University and Hosted by Chris Joannou.
    2023
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Episodes
  • Revolutionizing Equity Distribution with Casey Fenton
    Feb 6 2024

    Setting the Stage: Chris Joannou opens the episode by introducing Casey Fenton and Upstock, highlighting their mission to celebrate entrepreneurship. The focus is on the stories of determination, persistence, and resilience that inspire us all. The episode emphasizes that true success doesn't happen overnight.

    Casey Fenton's Background: The conversation shifts to Casey's background, touching on his journey from growing up in a small town to becoming a serial entrepreneur. He shares his experiences in Alaska, involvement in politics, and how he taught himself to code. Casey's journey led to the creation of CouchSurfing, a platform connecting travelers worldwide.

    CouchSurfing's Impact: Casey reflects on the success of CouchSurfing, growing it to 14 million members globally. He describes it as the original Airbnb, providing low-cost accommodations and cultural experiences. Despite the success, challenges arose, particularly in equity distribution for early contributors.

    The Birth of Upstock: Casey introduces Upstock as a solution to the challenges he faced with equity distribution. He explains the difficulties in using traditional stock options and the inspiration behind creating a platform that simplifies and gamifies the process, making it more transparent and motivating for contributors.

    Upstock's Core Concept: The conversation explores the core concept of Upstock, focusing on Restricted Stock Units (RSUs) and how they offer a more accessible and transparent way to distribute equity. Casey emphasizes the importance of aligning incentives and fostering a sense of ownership among contributors.

    Expanding to Web3: Chris Joannou steers the conversation towards the intersection of Upstock with Web3 and the broader crypto space. Casey discusses how Upstock adapted its model to accommodate token-based incentives, introducing Restricted Token Units (RTUs). This opens up possibilities for crypto companies to distribute tokens without the complexities of traditional methods.

    Revolutionizing Equity Distribution: Casey shares the vision behind Upstock—increasing worker ownership from the current 8% to 30%. He envisions transforming the world by empowering individuals with equity, reducing wealth disparity, and encouraging a mindset shift towards entrepreneurship.

    Conclusion: The podcast episode concludes with gratitude from both Chris Joannou and Casey Fenton. The audience is encouraged to explore Upstock and its innovative approach to equity distribution. The conversation serves as a source of inspiration for aspiring entrepreneurs and a call to action to rethink traditional models of ownership.

    Note: The provided content is a fictional blog post based on the information provided in the user's request. The details may not accurately represent real events or individuals.

     


     

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    25 mins
  • Pioneering brands in Web3 with Avery Akkineni
    Jan 24 2024

    Summary: Avery Akkineni discussed various aspects of Web3 strategies in the most recent podcast. According to her, clients want to design things that will be successful in the long run. She also mentioned that there are different ways to approach integrating Web3 strategies, including launching a full-scale NFT project or collaborating with others in the industry. Collaborations can be a great way to dip your toes into the space, and they can help brands build relevance and surprise and delight consumers. She emphasized the importance of designing products that are built for the long-term with services that extend beyond Web3 natives.. For brands that are hesitant about taking the crypto plunge, collaborations offer a good way to get started with lightweight initial steps like poll apps, sponsoring events in the Web3 space, or spending time getting the strategy right.

     

    About Avery

    President of Vayner3, Avery Akkineni, is leading the mission to guide the world's largest enterprises and intellectual property owners in navigating the next iteration of connected consumer behavior.

    In July 2021, Akkineni launched the VaynerX consultancy, Vayner3, alongside serial entrepreneur Gary Vaynerchuk. In less than twelve months, Akkineni successfully led the expansion of the consultancy to 50+ global digital innovation experts. Partnering with dozens of Fortune 500 corporations across industries, Vayner3 has successfully advised organizations on strategic initiatives for brands, including Web3 program development, generative AI, and immersive digital experiences.

    A leader, mentor, and investor in pioneering Web3 projects and communities, Akkineni is also an active advisor for several tech platforms, serving on the Board of Advisors of OneOf and Tracer, on the Web3 Advisory Board for Salesforce, Meta Creative Council, in addition to being a founding BFF member.

    Before the launch of Vayner3, Avery spearheaded VaynerMedia's expansion into the Asia-Pacific region, building a team of 150 people and opening VaynerMedia offices in Singapore, Bangkok, Tokyo, and Sydney, while being awarded as Marketing-Interactive’s 2021 Independent Agency of the Year (Gold) within two years. Additionally, Avery has been honored on the "Woman to Watch" by Campaign Asia, “Web3 Marketing Trailblazer” by Ad Age, on "NFT100" by NFTNow, and on "30 Under 30" by The Drum. Before VaynerX, Avery spent her early career at Google in Silicon Valley, while she now resides in Miami, FL.

     

    Introduction

    Entrepreneurial Journey: Avery shares her inspiring journey, from growing up in Nashville to working with tech giants like Google and VaynerMedia.

    Genesis of VaynerNFT: The episode explores the birth of VaynerNFT, Gary Vee's venture into the NFT space, and the strategic thinking behind it.

    Strategic Insights: Avery emphasizes VaynerNFT's commitment to long-term thinking, collaboration, and exploring layer twos for sustainability.

    Balancing Artistic Integrity: The conversation delves into how VaynerNFT navigates internal politics and strikes a balance between artistic integrity and corporate requirements.

    Sustainability and Utility: Avery discusses VaynerNFT's projects focusing on sustainability and the rising trend of utility-oriented NFTs.

    The Power of Community: VaynerNFT's success is attributed to community building, understanding social dynamics, and consumer behavior.

    Exciting Trends in NFTs: Avery shares her excitement about upcoming trends, particularly utility-oriented NFTs and open editions.

     

    Companies and Platforms Mentioned:

     Vayner3 Official Website

    Draper University

    Veefriends

    VaynerMedia

     

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    23 mins
  • Multiverse Citizen: A Journey with Ready Player Me
    Jan 19 2024

    Welcome to another exciting episode of "Overnight Success," the podcast that dives into the inspiring journeys of entrepreneurs and visionaries. In this episode, your host, Chris Joannou, sits down with Timmu Toke, the co-founder and CEO of Ready Player Me, a game-changing platform at the forefront of the evolving world of 3D avatars. Timmu shares his entrepreneurial journey, starting with early ventures selling food at 12, launching a fashion tech company at 18, and eventually leading to the creation of Ready Player Me. The conversation explores the transformative potential of avatars in the metaverse, discussing topics like blockchain, big-brand collaborations, and the future of virtual interactions. Discover how Timmu's early experiences shaped his path, the challenges faced in building avatars for enterprise clients, and the pivotal role Ready Player Me played during the pandemic's surge in virtual experiences. Timmu also delves into the significance of interoperability in the metaverse and the exciting developments in the digital fashion industry. Join Chris and Timmu as they explore the dynamic landscape of the metaverse, offering insights into the tech behind avatars, the importance of visual identity, and the future possibilities of virtual fashion. 

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    29 mins

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