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

The judges weren’t pulling any punches at the Paris episode of Meet the Drapers. 🔥

15 Jan 2025 · 1 min

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0:45

Two judges grill a crypto startup on its gas-payment solution. They challenge the founders on regulatory costs, competition from Acorn, weak network effects on their chosen blockchain, security vulnerabilities, and a clunky fifteen-click user flow. The judges keep asking: why should anyone care?

Why do you care? Why do I care?
Yeah, why do you care? Why does this matter? You've not implemented the cost of compliance. You'll have a tough time growing. Now, couldn't Acorn just do this?
What stops somebody else from doing exactly what you're doing?
Everybody has their own account abstraction. Why would you go with a chain that has a very small user size? So you have the power of the customer, but it's not your technology. You didn't attend the question, which is how do you go back to a user if they used it for once for some malicious practice?
You're not solving the 15 clicks. You're just saying, if you don't want to buy any ETH, you can buy something else and then use it to pay the gas.