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Matthew Liu: Happily Achieving, Losing $7.7M, Crypto, NFTs, DeFi & Entrepreneurship | Episode 28

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Could you turn a $7.7M loss into a massive win? Matthew Liu, the co-founder of Origin Protocol, did exactly that, believe it or not. Does that mean it was easy? Definitely not. But creative entrepreneurial grit & hardcore persistence pays off, especially when shit hits the fan.

Tune into this deeply insightful episode to level up your mindset, crypto/blockchain/NFT knowledge as well as learn a ton of actionable-insight that can be utilized by anyone looking to embark upon their own entrepreneurial journey.

Matthew Liu is the co-founder of Origin Protocol, which is a blockchain technology company that's on a mission to bring NFTs and DeFi to the masses. He's also a serial entrepreneur, angel investor & has really been around the block when it comes to all things technology, entrepreneurship, crypto, & Silicon Valley

 

DISCLAIMER: All information contained within this episode is for entertainment purposes. This episode does not contain investment advice. Please consult a professional before making any investment.

 [Episode available on all major Podcasting Platforms]

Key Highlights:

[00:01 - 10:55] Opening Segment

• How Matthew lost the company’s user funds and how his product got hacked

• How his cryptocurrency token had rocketed after people claimed their compensations

• How Origin Protocol is a blockchain technology company that is on a mission to bring NFTs and Defi to the masses

[10:56 - 29:13] How to be Happy and Attract Successful People

• Why Matthew practices gratitude by counting the things that are going right in life, in order to balance out the things that are going wrong

• Why people should start by being grateful for the smallest things in their life and work their way up to more complex and meta items

• Mental state is key to success, and can be improved through practices like breath work, body movement, visualization, and gratitude

[29:14 - 38:10] Life After Graduation

• How Matthew ended up staying at Stanford to get a masters degree

• He identified two startups he wanted to work for and went all in to get a job at a startup

[38:11 - 58:48] How to be an Entrepreneur

• Successful entrepreneurs are often determined and gritty, and are willing to go through pain to achieve their goals

• Top 3 Tips:

  1. Surrounding yourself with the people that you admire and respect

  2. Having a curiosity to try things out

  3. Be able to suspend disbelief for a reason

[58:49 - 1:25:31] Main Products of Origin Protocol

• Origin Dollar:

  1. A Crypto Stable Coin

  2. The platform uses smart contracts on the Ethereum blockchain to automate various banking                operations

• Origin Story: 

  1.  A new NFT platform that allows for digital ownership and proof of digital scarcity

  1. Digital assets in the world of gaming are already valued, and NFTs can be used to represent physical goods as well

  2. NFTs can be bought, sold, and traded on marketplaces, opening up new opportunities for luxury goods, real estate, art & more

   2.  A new NFT platform that allows for digital ownership and proof of digital scarcity

[1:25:32 - 1:34:56] How to Get Started in Crypto 

• Crypto is volatile and can go up and down a lot, but over time it tends to go up

• It's hard to time the market, so it's important to have a long term perspective and dollar cost average into coins

• Cryptocurrencies are a high-risk investment (invest at your own risk).

[1:16:12 -1:28:31] Closing Segment

• It is a good idea to start investing in stable coins to protect your purchasing power

• Holding staple points is actually not riskier than keeping your money in a bank account if you're using the right projects

 

If you want to connect with Matthew, follow him on Twitter: @matthewliu

Email: matt@originprotocol.com

 

Key Quotes: 

“I think you find what you are looking for.” - Matthew Liu

“Don’t be a solo founder.” - Matthew Liu

“The types of people that you hire are also gonna be determined by what your values are and what you care about.” - Matthew Liu

 

Resources:

 

WANT TO LEARN MORE?

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Show Notes: www.alchemizelife.com/podcast/

 

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