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20VC: Opensea Founder, Devin Finzer on Scaling GMV from $150M to $3BN in 18 Months, How Brands and Celebrities Will Harness NFTs To Change Their Business, The Impact of NFTs on Gaming & What is in Devin's Metamask Wallet?!

20VC: Opensea Founder, Devin Finzer on Scaling GMV from $150M to $3BN in 18 Months, How Brands and Celebrities Will Harness NFTs To Change Their Busin…

FromThe Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch


20VC: Opensea Founder, Devin Finzer on Scaling GMV from $150M to $3BN in 18 Months, How Brands and Celebrities Will Harness NFTs To Change Their Busin…

FromThe Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

ratings:
Length:
36 minutes
Released:
Jan 14, 2022
Format:
Podcast episode

Description

Devin Finzer is the Founder & CEO @ Opensea, the world's first and largest NFT marketplace allowing you to discover, collect, and sell extraordinary NFTs. To date, Devin has raised over $423M for the company with their last $300M round valuing Opensea at $13.3BN. Before changing the world of NFTs, Devin co-founded ClaimDog which was acquired by Credit Karma and before founding ClaimDog, Devin was an engineer at Pinterest. Do want to say, I always love Semil Shah's startup of the year, for 2021 it was Opensea, check out his piece here. In Today’s Episode with Devin Finzer You Will Learn: 1.) How Devin made his way into the world of NFTs and came to found the first and largest NFT marketplace in the form of Opensea? 2.) The Scaling Story: What were the first early signs that Opensea was working when they were in YC? What core metrics did they look at to determine success? Given NFTs not being "hot" at the time, how was the fundraising process for Opensea coming out of YC? What were the early investors most excited about? What was the inflection point when Opensea and NFTs really started to take off? What most surprised Devin about the way in which the inflection point happened? When scaling from $150M to $4BN in GMV, what are the first things to break in a company? How does Devin maintain company morale with such volatile crypto and NFT markets? 3.) The Next Decade of NFTs: How does Devin predict large brands and companies will utilise NFTs for their businesses? In what ways does Devin think creators and celebrities will use NFTs moving forward to create more efficient business models? How does Devin respond to the statement, "NFTs do more to harm than help income inequality?" What are Devin's biggest concerns moving forward when analysing the NFT market? How does Devin see the future for the development and experimentation of NFTs? 4.) The Future of NFT & Gaming: How does Devin see NFTs impacting the world of gaming most? How does Devin think about interacting with these gaming communities that are external to the centralised Opensea marketplace? Item’s Mentioned In Today’s Episode with Devin Finzer Devin’s Favourite Book: Homo Deus: A Brief History of Tomorrow
Released:
Jan 14, 2022
Format:
Podcast episode

Titles in the series (100)

The Twenty Minute VC takes you inside the world of Venture Capital, Startup Funding and The Pitch. Join our host, Harry Stebbings and discover how you can attain funding for your business by listening to what the most prominent investors are directly looking for in startups, providing easily actionable tips and tricks that can be put in place to increase your chances of getting funded. Although, you may not want to raise funding for a startup. The Twenty Minute VC also provides an instructional guide as to what it takes to get employed in the Venture Capital industry, with VCs giving specific advice on how to get noticed from the crowd and increasing your chances of employment. If that wasn't enough our amazing Venture Capitalists also provide their analysis of the current technology market, providing advice and suggestions on the latest investing trends and predictions. Join us so you can see how you can get BIG, powerful improvements, fast. Would you like to see more of The Twenty Minute VC, head on over to www.thetwentyminutevc.com for more information on the podcast, show notes, resources and a more detailed analysis of the technology and Venture Capital industry.