Tim DraperFounder and Managing Partne, Draper Associate · I back the ideas that look crazy first

From Pakistan to the World - MYCO #meetthedrapers #drapertv #myco #startups #entrepreneurship #web3

29 Aug 2025 · 1 min

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In this interview segment, Umer Masoom, founder of Myco, explains that Myco is a Web3 video‑streaming platform aimed at decentralizing video content delivery and returning value to viewers. He shares striking anecdotes, such as users earning enough from watching a cricket match on Myco to pay their electricity bills, illustrating the platform’s consumer‑reward model. Masoom also critiques a common entrepreneurial flaw: starting companies merely for the title of ‘entrepreneur’ rather than pursuing a genuine, risk‑worthy opportunity. He emphasizes that true entrepreneurship involves recognizing a unique value proposition and taking the ultimate risk to bring it to market.

Chapters

I'm Umer Masoom, and I'm the founder of Myco. Myco is a Web3 video streaming platform, and we're trying to decentralize the world of video streaming. We've had people post about them being able to pay their electricity bills just by watching a cricket game on Myco, you know, and these are like fabulous stories. We're living in a world where everyone wants to take from the consumer, you know, and we've created a brand which is actually giving back to the consumer. One of the big problems that I see with a lot of entrepreneurs is that they start companies just because they want to become entrepreneurs. I think it's about you deciding to start a company when you realize that you're onto something which allows you to take that ultimate risk.