In November, Office Hours welcome Fredrik Haga, founder & CEO of Dune. Dune dashboards provide the most incisive views into what’s happening in crypto. Dune counts more than 50k dashboards using 300k+ different queries & executes more than 10m queries a month across those assets. I learned a lot from the session.

The video is here & the podcast here.

I learned that Fredrik and his co-founder Mats spent a cumulative $600k getting the business off the ground in the first 3 years. Fredrik shared his perspective on navigating a fund raising winter & what it means to search for product-market fit without much runway. 18 months after splitting hotel rooms with Mats, the Dune founders had raised close to $100m. It’s an incredibly inspiring founder story that resonates during the current part of the economic cycle.

We discussed the future of airdrops: how early airdrops created lots of interest & bootstrapped web3 projects. But over time, web3 marketers will need to target airdrops to improve the efficiency.

Fredrik compared the way that Uber assembled a network of drivers & riders by bending rules to achieve escape velocity to DeFi. Dcentralized finance has pushed the bounds of traditional finance to create novel trading markets for new assets.

Inevitably, regulation will enter these markets, which is a sign of progress for the industry but the regulation should be at the end user/application layer - not the blockchain. This was the first time I’d heard a point of view on the right layer in the stack to regulate.

I’m grateful to Fredrik for sharing his insights at Office Hours!