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The Nomics Update

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This is the audio journal of Nomics.com CEO Clay Collins. The podcast tells stories from inside our cryptocurrency & bitcoin market data API company. Topics include Nomics’ product roadmap; new partnerships; company outlook; important new ideas shaping the future of Nomics.com and Nomics crypto market data API; as well as business strategy, philosophy, crypto investing & fundraising. Nomics.com launched in January of 2018 as an API-first company. The company was created in response to increasing demand for professional grade market data products & APIs for institutional investors. Become a supporter of this podcast: https://anchor.fm/nomics/support

This is the audio journal of Nomics.com CEO Clay Collins. The podcast tells stories from inside our cryptocurrency & bitcoin market data API company. Topics include Nomics’ product roadmap; new partnerships; company outlook; important new ideas shaping the future of Nomics.com and Nomics crypto market data API; as well as business strategy, philosophy, crypto investing & fundraising. Nomics.com launched in January of 2018 as an API-first company. The company was created in response to increasing demand for professional grade market data products & APIs for institutional investors. Become a supporter of this podcast: https://anchor.fm/nomics/support
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Location:

United States

Description:

This is the audio journal of Nomics.com CEO Clay Collins. The podcast tells stories from inside our cryptocurrency & bitcoin market data API company. Topics include Nomics’ product roadmap; new partnerships; company outlook; important new ideas shaping the future of Nomics.com and Nomics crypto market data API; as well as business strategy, philosophy, crypto investing & fundraising. Nomics.com launched in January of 2018 as an API-first company. The company was created in response to increasing demand for professional grade market data products & APIs for institutional investors. Become a supporter of this podcast: https://anchor.fm/nomics/support

Language:

English

Contact:

612-504-9929


Episodes

In B2B Fintech, 30%+ of Product Value (Or More) Is In The Contract - (Ep. 0030)

1/17/2019
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I've had this new experience since being in this world, this financial world, dealing with hedge funds and exchanges and other folks who are customers, and it's really around product and the commercial contract and the role that the commercial contract plays in [00:00:30] the product. In the past, so much of the product or a huge part of the product, most of the product, the vast majority of a product that was sold, almost all of it, almost all of it was about the software and what you see...

Duration:00:07:25

Odd: Lots of Listens, Not Much Feedback - (Ep. 0029)

1/15/2019
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Hey there. This is episode 29. Holy crap, this is a real thing. This podcast seems to be going pretty well. Every week or so, listens are roughly doubling so I know people are listening to this. But I haven't gotten a lot of feedback yet, really. Someone did send me a message the other day, let's see, let's [00:00:30] see what did they say here? "I'm trying to use fewer messaging apps, but your personal podcast is effing phenomenal. I listen to all of them and it's really helpful, helps me...

Duration:00:05:06

Dear VCs - Please Don't Ask to "Learn More About Our Business" - (Ep. 0028)

1/14/2019
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So today's entry is a bit of a rant, and it's really around an email that I get pretty often. Especially when we do things that start getting a little bit of public attention. I often get an email from a VC, that essentially says, "Hey, I'm from such and such VC firm. I'd really like to hop on the phone [00:00:30] and learn a little bit more about your business." These emails really get me ... First off, yeah, it's great that they say something complimentary about the business, but they...

Duration:00:06:37

(Almost) Everything I Know About Working With Recruiters - (Ep. 0027)

1/13/2019
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All right, this podcast episode is going to be called Almost Everything I Know About Working With Recruits. So I think in the past definitely, definitely one of the biggest mistakes I've made is not paying the best recruiter I can as much as we can afford for the state of the company [00:00:30] to make key hire, to help us with with key hires. It's been my, it's kind of the mythology of the startup space that you can hire everyone on your own and that you should not hire recruiters. So...

Duration:00:18:10

Part 2 - ShapeShift Layoffs & Lessons Learned (About Focus & Discipline) - (Ep. 0026)

1/12/2019
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So this is Part Two of my reflection on the Shape Shift layoffs. I think anytime we start observing rounds of layoffs from an industry, I think it's important for CEOs in the space, founders in the space, really anyone in the space whose key and vital to the success of a company to reflect on what's happening. What mistakes were made, what lessons [00:00:30] are in this for observers. It's great to learn from other people's mistakes, that's the best way to learn. So I guess going back to...

Duration:00:17:17

Thought on Layoffs at ShapeShift (+ Thoughts on Focus & Discipline) - (Ep. 0025)

1/11/2019
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I want to share a little bit about my thoughts on the ShapeShift layoffs. And a lot of empathy I'm having for Erik Voorhees right now. So first off, I think it's pretty cool that he was upfront about these layoffs. There are definitely things that companies can do to not let it leak out to the public that there have been layoffs. There's lot of techniques for doing that, [00:00:30] if you're into HR. And he didn't do it. He didn't do any of that, any obfuscation. He wrote a Medium post about...

Duration:00:12:03

Why We're Leaving Telegram (And Why That Might Be A Mistake) - (Ep. 0024)

1/10/2019
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I want to share with you why we shifted away from telegram for our community and for our market data API support. So, the impetus [00:00:30] for this really came when I received an email from an API user who wanted free support via email and we don't offer free support for our API via email. We do it through forums because if we're going to spend some time helping someone who's not paying for the API, we really want it to be documented and searchable and available to everyone else who might...

Duration:00:09:29

Why Our Developers Aren't Launching Anything This Year - (Ep. 0023)

1/8/2019
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Hey. So this one might be a little bit off topic. Maybe it's not. No, it definitely qualifies as how I define this podcast as my journal. So I want to talk about why in my humble opinion and after years of bad experiences why I think launching [00:00:30] should be a marketing event and not an engineering event. Like, of course, a launch is a marketing event. Everyone gets that. But I think the thing here that's most important is that launching should not be an engineering event. So I think...

Duration:00:08:11

Why We're Building a "Boring" Business - (Ep. 0022)

1/7/2019
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Man, I really love a boring business. I think boring businesses are really beautiful in a lot of ways for so many reasons. I first started thinking about boring businesses when this person I knew made an absolute killing back in the day. I don't even know if their company is around anymore, but they started what was essentially [00:00:30] Uber for construction type dumpsters in Europe. It was one of those things where it was an old industry. They didn't really use technology. There were no...

Duration:00:08:28

Why You Probably Should *Not* Partner With Us - (Ep. 0021)

1/6/2019
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I get a lot of emails almost I'd say one every 2-3 days from someone that basically says something like, "Hey, I love what you're doing. We should partner. Let's get on the phone to explore." Right? I [00:01:00] never ... it's hard to respond to those, right? At the very beginning when we were new and just wanted to talk to anyone to get feedback and learn about how other people saw us in the space. I would get on some of these calls and be like, "Okay, what ... how do you want to partner?"...

Duration:00:07:25

This Keeps Me Going When I'm Frustrated At Work - (Ep. 0020)

1/5/2019
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I had some time off during Christmas, and the holidays, and the New Year, and stuff. My family went to California, spent some time in remote desert places, and some dive bars. My parents took the kids for a few days, and my wife and I went and [00:00:30] drove back roads around some of the areas where I grew up in rural Southern California. The deserts and the back roads of that area. I had a lot of fun. When I got back, I had a couple days in the office where it was just me working. I...

Duration:00:15:06

2019 Goals & Nikhil Kalghatgi's 9 Categories of Moonshots - (Ep. 0019)

1/4/2019
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I started thinking about moonshots after speaking with one of our investors Nikhil at CoVenture Crypto. He's a partner there. And I guess the back story on this is Nikhil Kalghatgi met with me and also Ateet from [00:02:30] CoVenture Crypto who runs their quant fund. We met for breakfast when I was in New York, and one of the questions that I like to ask investors is what's the best way to engage you. So Ateet had been helping us out with a bunch of pod related things. He's deep in data all...

Duration:00:11:11

Bear Market Update: Equity is Sexy Again - (Ep. 0018)

12/31/2018
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It's me reporting you live from the depths of the bear market in the space, and I've been talking to a bunch of investors recently, I mean, I guess that's what I do all day for the most part. But, I am reflecting on the kinds of companies that are getting funded here recently, like companies that are getting funded [00:00:30] not token projects. Although, I haven't seen a lot of token projects getting funded recently, and it seems like the pendulum has swung so in 2017 investing in crypto...

Duration:00:06:14

Some (Difficult) Lessons Learned During Long Sales Cycles - (Ep. 0017)

12/21/2018
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Recently, I've been contemplating the gift of learning patience from longer sales cycles. In a previous life, I come from kind of prosumer, B2B, SaaS world, where a lot of sales were driven by scarcity marketing or incentivizing customers to purchase because [00:00:30] there was perhaps a discount available with a promotion that's going away. Or some bonuses that came if people buy the product by a certain time, and that went away. It has many of the sales characteristics as Groupon, right?...

Duration:00:08:15

Why We're Not Celebrating Our Series A - (Ep. 0016)

12/19/2018
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Man oh, man am I'm nervous. Man, am I'm nervous. Had trouble sleeping last night and all of that. So tomorrow, I'm recording this ahead of time. So tomorrow, but you probably have already heard of it by now or at least we've told other people, you might not have heard yourself. Tomorrow we are announcing our Series A fundraise. It's a pretty cool event, you can read [00:00:30] about it. Arthur Ventures led the round with Coinbase Ventures, and Digital Currency Group, and Davenport, and...

Duration:00:08:23

Announcing Nomics' Series A VC Financing - (Ep. 0015)

12/18/2018
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Hey, this is Clay and I am pleased to announce that Nomics has raised a Series A round venture capital financing. Leading the round is Arthur Ventures, and also participating are Coinbase Ventures, Digital Currency Group, TokenSoft, Ben Davenport, who is the co-founder and former CTO of BitGo, CoVenture Crypto, CityBlock Capital, [00:00:30] King Capital, and some other friends and family, who participated in the round. We're excited to partner with all of them. I can tell you a little bit...

Duration:00:11:38

No, We (Unfortunately) Can't Tell You Who Our Customers Are - (Ep. 0014)

12/17/2018
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When I first got started [00:01:00] in the cryptocurrency space, I started looking at websites like CoinMarketCap, and there was no about page. There was really no phone number. People wouldn't tell you who they are. People were using pseudonyms. Everyone was like cryptopeeweeherman on Twitter. For the most part, that trend has continued. We do have a few competitors here and there [00:01:30] that will say who they are at least on the consumer side, but for the most part, nobody tell you who...

Duration:00:06:43

Winter is Coming For Crypto Startups (& Why Org Chart Debt Sucks) - (Ep. 0013)

12/6/2018
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So I'm pretty tired today. We decided when we first started Nomics that we just weren't going to build a marketing time and we weren't going to hire admins or directors of operations and it's for a bunch of reasons, but I see a lot of really bloated organizations, especially in the block chain space. I see organizations that have a COO and a finance person [00:00:30] and this person and that person and they'll have like a bunch of analysts, a marketing person, a PR firm. It will be like a 15...

Duration:00:17:06

Ask Me Anything - (Ep. 0012)

12/5/2018
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Quick update today. If you go to: asknomics.com, it'll send you a page where you can record audio question. If it's a good question and relevant to what we do and all that, we will answer it live on this podcast, which is the Nomics update. Anyway, I look forward to hearing your questions. I'm happy to talk about future product roadmap, points of differentiation verus competitive products, our API, [00:00:30] the future of the API, how our company is set up, funding, any of that stuff. So,...

Duration:00:01:25

How Adderall, Meditation & Therapy Changed My Life - (Ep. 0011)

12/3/2018
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I want to talk for a bit about how Adderall, the drug, meditation, and therapy have changed my life. I realize this is a diversion from what we normally cover, and I think it's questionable whether or not I should even be talking about these issues in this podcast, right. It's called the Nomics Update, it's about the company, but I think in a lot of other ways this is kind of inside our journey building this start up. So, [00:00:30] there might be a chance that i never do this kind of update...

Duration:00:08:24