Read time 5 minutes

Like Deadpool & Wolverine, like Thelma & Louise, it’s Renaissance in partnership with the Hustle

The Hustle is a must-read for budding billionaires. Their daily newsletter delivers the latest stories in business and tech – what to learn from them, and how to capitalize. Join 2.5M+ innovators who start their day with The Hustle. Sign up today.

Welcome back to the end of another week with Renaissance - the newsletter equivalent of seeing your portfolio in the green, and it being another glorioussss day to to ingest stimulants and sit at the computer.

What a blessed life, look at this inspo and let’s get after ittttttt Renaissance fam!

Today at a Glance:

Web3 $1M Prize Crypto Game

Start-up Secrets

The Renaissance Over-Under

Crypto Market & NFT News

Web3 $1M Prize Crypto Game Like Cicada3301 Launches In 2 days And we.are.in!!!🤑🔥🤑

Web3 gaming is part of the narrative of the next big cycle - and Renaissance is backing the best projects that actually deliver on that and use big incentives to drive users….. enter CypherClans.

We researched this project before when they were sharing spaces with big names on crypto twitter and their press and Decrypt article came out. And we’ve followed them ever since our NYC VC friends and a Mensa team got together to play.

We’ve seen all of the big NFT projects and games monitise their assets as NFTs and we hold apes for their games, Illuvium land, sandbox game land, neo Tokyo for the gaming dealflow, and a lot of new games coming out through Seedify… but honestly this is the best project we’ve seen in Web3 in years! Actually this is the first time this has been done in Web3…..

And now they finally launch on the 30th, yes - 2 days for those of you living in a dayless hole of time and space. And we got ourselves a presale link to get early access! You all better love us. 😎 

- The reallyyyyyy interesting thing is that if you solve the challenges within the NFT images (that are also the tokens that get you access to the community and will be a value sell later, watch it!), you win $1Million in Eth as an individual or as the solving team. Wtfffff 👀

- Then when we look at the assets it gets really interesting - you can resell the NFT we’re gonna solve and fucking 384X the price! Back of the napkin math is 1/13th of a Million since you need all 13 NFTs solved to win.

- Also, there are clue NFTs only available at presale mint and the ones that aren’t sold are being burnt - ALL OF THEM. That is going to massively inflate the price of clue NFTs and become really valuable down the road when someone is close to winning but needs a clue to solve one of the last NFTs.

We’ve already set our bot to buy up a set of clues from this launch and honestly we’re gonna crack this nut - challenge accepted. 💪 

Renaissance is gonna win $1M or die trying and resell the lot in 6 months. 😂 Thank fuck it’s not crazy NFT season right now because I don’t think we’d all be able to steal these otherwise! But we’ll sell em’ for a killer gain. 😎

That’s it.

We’re forming a Renaissance army to buy these up. If we all buy, split winnings and take control of the project supply and solving power with all of us then we can printtttt??? 👀

Of all the calls and interesting shit we’ve called in this newsletter for over a year, this is the one, we’ve had 80x bangers, we’ve had fleets of 2x tictacs, but we want this one. It’s ours and this Renaissance community’s retirement fund and our first Renaissance community takeover attempt!

I summon you Renaissance army, fulfil your oath, let’s do this and takeover! From all of us that buy together from our 100k strong army!

Our private presale link (don’t ask how we sourced this but we’re gonna raid it) and we’ve personally seen dozens of alpha callers that are going to call this at launch and we can run ahead of them. 👀

Your Number 1 problem in trading that you need to spot as a red flag to earn 10x more 🚩

- Your main problem is never selling green and then ultimately selling into red candles.

- You probably usually do this when you’re up a decent amount early and don’t want to sell in case you miss the whole move, or in some cases, your size is so big that selling 10% may top the coin and limit my potential profits.

- I think a good way to stop this is to enter a trade with the mindset of it being a conviction hold or a scalp.

- That way you won’t feel bad selling early if you scalp because you stuck to the plan! Profit is profit, and periodically taking profit is never bad - there are more plays every week!

⚡Always remember, sell when everyone is excited and it seems like a local top and super bullish. Don’t wait until the inevitable dip comes, become terrified and take 30% less profit.

- Really, set a rule for this and be aware of yourself. Not all profit is created equal.

The Hawk Tuah case study:

We’ve all seen the clip… IKYK… what we missed was pump-fun (we monitor the DEXs not pump-fun).

- After the meme became popular and had social media approval and intrinsic value, shock, someone launches the token!

- This doesn’t happen every single time, but it does more often than not! Memes turn into memecoins, as basic a statement as that is, it can remind us how predictable the market can be and what it thinks is valuable!

- So here’s a sickening case study of what we missed and the same lesson we need to learn again and again…

- $66.1K -> $16.4M market cap (a 247x) - $50 would be $12.3k in 2 days😵 💫 Found the call that I missed, brutal……

This legend made over $175,000 profit on $Hawktuh with $3,697!

LITTLE BITS 😎

Couple spent ‘all of our money’ to open a New York cafe—their business brought in nearly $50 million last year

Dogwifhat falls out of top 50, tumbles 38% over past seven days -https://www.dextools.io/app/en/solana/pair-explorer/EP2ib6dYdEeqD8MfE2ezHCxX3kP3K2eLKkirfPm5eyMx?t=1719252092416 

Very tempted to buy this Dogwifhat meme - we’d say it’s the big memecoin of this cycle and it’s getting killed the last month! It could be a lovely floor to buy for the future - it’s at a $1.6B market cap and honestly at this level I haven’t seen a mainstream meme die. Gonna speculate a bottom and buy some if it gets under 1.5!

$MAGA looking goooood this week, it did -10% last week and ran from there and sits comfy at the $155M, with the election not far out! The plan works, up over 55% since last week. https://www.dextools.io/app/en/ether/pair-explorer/0x0c3fdf9c70835f9be9db9585ecb6a1ee3f20a6c7?t=1719251376926&fbclid=PAZXh0bgNhZW0CMTEAAaYlGvPdPGit-rJzTEaivUhsqeVGFKXeJzOmaanZaTn-HAjAmwd4gRupaPA_aem_EWnEet8idGs2ayATHmoUoA

JUST IN: Michael Saylor explains how #Bitcoin could hit $10 Million per BTC 👀

NOSTALGIA OF THE DAY

Wealth Building, Personal Finance Hacks & FAT FIRE

- One of the best wealth building methods is creating a start-up, and here we’re always students of the game.

- We’ve been doing some reading and here’s some top considerations for your start-up according to Peter Thiel, a man who’s been involved in some of the most successful start-ups of all time.

- Thiel is of the belief that for businesses, competition is destructive. The more competition there is, the harder you have to work, and the less your profits will be. 

⚡ Don’t create a undifferentiated product in a busy market. Create a company of one, something that stands on it’s own, has no competition and you capture a whole market obtaining huge profits in the process.

- This is a philosophy which has helped him create and target incredibly successful businesses throughout his career, resulting in wealth building beyond imagination.

- If you want to invest time in creating a start-up, especially a time-consuming and costly one, you want the odds to be in your favour. The most successful businesses are unique, but they all share some common characteristics. Here’s the most important ones Thiel looks out for. 👇

⚡ 1. Proprietary Technology

- This is one of the most important advantages a company can have as it makes your product difficult or impossible to replicate. 

- As a rule of thumb, the technology should be at least 10 times better than the closest substitute in some important way to lead to a real monopolistic advantage. Anything less may be perceived as only a marginal improvement and will be hard to sell.

- The simplest way to achieve this is to invent something completely new! But of course, in ways this is also the hardest.

- A more common method is to radically improve something that already exists. This is what PayPal did, one of the businesses Thiel founded. They made buying and selling items online at least 10 times easier.

- Amazon in their early days made a 10X improvement by offering at least 10 times as many books as anywhere else. When launched they claimed to be the “Earth’s largest bookstore.” They achieved this by simply not stocking any inventory and just requesting from the supplier whenever they received an order.

⚡ 2. Network Effects

- Network effects make a product more useful as more people use it. Think of Facebook, another one of the start-ups Thiel funded. If all your friends are on Facebook, it makes more sense for you to join it too.

⚡ 3. Economies of Scale

- A great business gets stronger as it gets bigger. The fixed costs of creating a product can be spread over a greater quantities of sales.

- Tech companies are especially great at this and benefit from massive economies of scale. The cost of producing another copy of the product is often nearly zero.

- Some businesses only have limited advantages as they scale. For example service businesses like restaurants and gyms. You’ll only be able to serve a certain number of customers. Sure you could grow and expand, open more locations, employ more people. But this does come with a lot of additional cost, and even then you can only serve so many at once.

- This is nothing compared to what software companies can generate. They can onboard millions of customers at once, with not much change to the product or cost.

⚡ 4. Branding

- Everything is sales. Everything. Creating a brand is an incredibly powerful way to claim market share. Just look at last week’s issue on Liquid Death. They created a million dollar brand simply selling water.

- The largest company in the world today is Apple - worth nearly $3 trillion. They are a textbook example of checking all the above. ✅

- The branding is incredibly strong. The sleek minimalist designs, the layout of all the stores, the omnipresent advertising campaigns, the famous face Steve Jobs. Many companies can try and copy it but kids will still be asking, why don’t you just have an iPhone? 📱

⚡ This dominance is reinforced by them ticking all the other boxes. They have a suit of proprietary technology in both hardware and software, they manufacture at such a large scale they dominates pricing for the materials they buy, and they benefit from strong network effects on their content ecosystems.

- All of these factors work together, reinforcing the brand, and result in them achieving the most successful company in the world status.

Meme of the Day

That’s a wrap for this week! Meet us on Twitter to talk all about it. Where we’ll send you jokes, tips, and all important news from the world of money, business and crypto and more! (@RenaissanceDly)