“We saw that where it was. And we said to ourselves, how big can we see this getting? We think it can be a lot bigger than it is now. And so for this one, we're not going to be ownership focused. We're just going to put a check in.”
Source→“We saw that where it was. And we said to ourselves, how big can we see this getting? We think it can be a lot bigger than it is now. And so for this one, we're not going to be ownership focused. We're just going to put a check in.”
Source→“Fomo: $75M Series B led by Index Ventures, with participation from Union Square Ventures and Benchmark. Mainstream consumer investors are treating on-chain trading as a product design and distribution problem, not just crypto infrastructure.”
“On-Chain Complexity Is a UX Problem, Not a Structural Barrier. Fomo is building a social-first on-chain trading app that hides the complexity of wallets, chains, gas fees, and routing behind a consumer-grade experience... mainstream consumer investors are treating on-chain trading as a product design and distribution problem, not just crypto infrastructure.”
“When we raised the initial round, the goal was to create distribution. And we think that our best users should have some ownership in the product. And early on, what we were able to do is get people motivated by allowing them to invest in the product and create as large of a distribution channel as possible.”
Source→“FOMO's Series B: $75M at $550M valuation led by Index Ventures and USV. 50–60K daily active users.”
Source→“FOMO is a mobile trading app. Right now it's mostly on-chain assets... But we're soon going to launch globally access to equities and perpetuals, non-US obviously... The goal is to be able to give global access to markets to individuals that don't have that access.”
Source→“Currently FOMO is extremely horizontal. We don't have meetings, one-on-ones. We don't really have any hierarchy. Everyone is kind of self-reporting... What number are you at today? 17. What will you be in a year's time? Hopefully below 25.”
Source→“Fomo raised a $75 million Series B round at a $550 million valuation in just one year, backed by Index, USV, and Benchmark.”
AI-extracted from podcast / newsletter / paper summaries. May contain errors.