154 - Sign-in With Ethereum with Wayne Chang
✨ DEBRIEF | Unpacking the episode: https://shows.banklesshq.com/p/debrief-wayne-chang-sign-in-with-ethereum
------ ✨ COLLECTIBLES | Collect this episode: https://collectibles.bankless.com/mint
------ Wayne Chang is the co-author of EIP4361, otherwise known as the Sign in with Ethereum (SIWE) Standard. He’s also the co-founder and CEO of Spruce, a company that is working to grow SIWE adoption to make the internet more user-first.
Can Ethereum help us take back our identity on the internet? There will be two phases of crypto–in phase one we take back our money. In phase two we take back our identity. Tune in to find out how.
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------ Topics Covered
0:00 Intro 8:50 Identity on the Internet 17:15 Current State of Identity on the Internet 23:25 Web2 Log-in Risks & Incentives 25:50 Authentication vs. Authorization vs. Identity vs. Identifier 30:52 Sign-in with Ethereum 36:12 The Benefits of SIWE 39:15 The Rest of the SIWE Iceberg 40:50 Bringing Your Own Data Vault 46:19 Data Representing Identity 48:54 Identity & Data Vaults 50:40 Dapps & Use Cases 56:16 The Future of SIWE 1:02:33 Zero Knowledge Proofs & Minimal Disclosure 1:07:09 Bots 1:08:30 Deep Fakes 1:09:39 Session Keys & No More Cookies 1:15:14 Ethereum the Blockchain’s Role 1:17:25 Ethereum & Identity 1:19:40 Why Log-in with Ethereum? 1:22:30 Censorship Resistance 1:24:40 Festival of the Commons 1:29:40 SIWE Next Steps 1:31:43 Why SIWE is Important 1:32:52 Closing & Disclaimers
------ Resources:
Sprue https://spruceid.com
Read EIP 4361 https://eips.ethereum.org/EIPS/eip-4361
Wayne Chang https://twitter.com/wycdd
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures
20VC: Framework For Hiring The Best Talent 100% Remotely, Raising $32M From Benchmark and GV Pre-Launch and How To Think Through Capital Efficiency and Runway Today with Jeff Seibert and Wayne Chang, Co-Founders @ Digits
Wayne Chang and Jeff Seibert are the co-founders @ Digits, the company that gives you a complete, real-time understanding of your expenses, all in just a few clicks. To date, Wayne and Jeff have raised over $32M for Digits from some of the best in the business including Peter Fenton @ Benchmark and Jess Verrilli @ GV and then with the most incredible base of angels with the founders from Box, Github, Stitch Fix, Tinder, Gusto and more. Prior to Digits, Wayne and Jeff co-founded Crashlytics, acquired by Twitter for a 9-figure sum in Jan 2013 and then acquired from Twitter by Google in 2017. If that was not enough they are also LPs in some of the world's most exclusive funds and angels in the likes of Gusto, OpenDoor and SoFi to name a few.
In Today's Episode You Will Learn:
1.) How did Jeff and Wayne make their way into the world of tech and startups? How did Wayne crashing a startup dinner start everything for them?
2.) How did Jeff and Wayne's prior success with Crashlytics impact their operating mindset scaling Digits today? What worked? What did not work? What gets easier with time? What gets harder the second time around?
3.) What have been Wayne and Jeff's biggest lessons from having a remote team from Day 1? What structure and framework do they use to hire the best remote talent? How does that change at the exec level? How do they think about optimising product management for remote teams?
4.) How would Wayne and Jeff summarise their design philosophy with Digits? Why does Wayne believe "minimalism only favours the designer"? When does it make sense to actually add some complexity to your product?
5.) Digits raised $33M pre-launch, why did they favour this approach? How do they think about when to transition from lean and iterative to aggressive and pouring fuel on the fire? Why did they choose to work with Peter Fenton? How do they think about optimising their angel network?
Items Mentioned In Today's Show:
Wayne's Fave Book: Enders Game
Jeff's Fave Book: Creative Selection: Inside Apple's Design Process During the Golden Age of Steve Jobs
As always you can follow Harry and The Twenty Minute VC on Twitter here!
20VC: How To Run The Perfect Fundraising Process, Why Time Kills All Deals & Why You Have To Get VCs Out Of The Board Room with Wayne Chang, Serial Entrepreneur & Angel Investor
Wayne Chang is a serial entrepreneur and angel investor. His latest company, Crashlytics, was acquired by Twitter in a 9-figure acquisition, its largest acquisition at the time. 5 years later, Crashlytics was acquired again, this time by Google. Wayne is also a prolific angel investor with a portfolio that includes the likes of OpenDoor, SoFi, Gusto, JetSmarter and Planet Labs just to name a few. If that was not enough, Wayne is also a limited partner in several prominent funds including the likes of 137 Ventures, Baseline Ventures, and Boston Seed Capital.
In Today's Episode You Will Learn:
1.) How did Wayne make his way into the world of founding tech companies and what was the founding story with Crashlytics?
2.) Why does Wayne believe that one of the first hires founders must make is a recruiter? What are the benefits of having this as a dedicated function so early? What must founders look for in these early recruiter hires?
3.) Why does Wayne believe that with regards to VC, you "must avoid the board room"? What is a better environment to interact and pitch? How can early stage startups look to stand out in the rather process driven pitching game?
4.) What is the optimal way for founders to be put in touch with VCs? Should founders speak to associates in the fundraising days? Why does Wayne believe the power of the warm intro is lopsided?
5.) How can founders look to create a sense of urgency within the VC community when raising and closing their round? How can founders look to create a sense of FOMO within the investor class they are pitching? Should they name other funds they are seeing?
Items Mentioned In Today's Show:
Wayne's Fave Book: Enders Game
Wayne's Fave Blog: Hacker News
As always you can follow Harry, The Twenty Minute VC and Wayne on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
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