I saw Parul Gujral at a talk he gave at Go Block Con in Los Angeles last October and shared an amazing story about his uncle. His uncle hails from humble beginnings from a farming family in India, the oldest of 13 children. He applied to a university in California, without knowing how he would pay for it. And, he and was accepted.
A thousand villages pooled their money to send this one young man to university abroad! What an outpouring of support and investment.
Parul’s uncle graduated from university and paid the villagers back with interest. Their investment paid off. And today he’s started investing in crypto, though the encouragement from his nephew Parul.
Parul and I talk about his project Snowball, a Smart Crypto Investment Automation platform of curated crypto portfolios. They raised money through seed funding and decided not to do an ICO based on sound advice.
“We take advice from these folks because success leaves clues.”
Their advisors include Reese Jones, Associate Founder at Singularity University, John Dillon, CEO of Salesforce, and Richard Blum, advisor to the country of Nepal!
Parul says: “Forty per cent of ICOs run out of money within four months of the ICO closing. So, you think these organizations are able to raise tens of millions of dollars, but they lack the business acumen to be able to deliver.”
He explains that using advisors or seeking expert counsel makes sense because there are things that we just don’t want to DIY.
“Would you go on Google if you're sick and perform a surgical operation on yourself?… Or would you go to a doctor, whose livelihood is the healing arts or practice, who has gone through a vigorous education system who has access to information and resources and tools that the average individual doesn't have access to.”
I’d go to a doctor, of course! So, his point is that should novice investors be investing on their own or with those who have expertise and experience? Parul is so confident in this type of investing in crypto portfolios that he wants to make a bet with anyone who will take it.
“I would be happy to make a million-dollar bet that a portfolio of cryptocurrencies will outperform (let's say Bitwise’s bold 10) will outperform the s&p 500 over the next 10 years.”
https://www.bitwiseinvestments.com/indexes/Bitwise-10
And if you want to take him up on it, connect with him via Twitter @whoisparul and be sure to keep us in the loop @speakingcrypto
Parul’s been learning a lot on his entrepreneurship journey. He talked about meeting John Perry Barlow, lyricist for The Grateful Dead who was speaking at an invite only event. There were some great conversations at this event with successful people who had completely opposite perspective and opinions. Parul said that through that, JPB taught him that having radical empathy and an open mind could help in understanding “the different elements that go into the polarities of life.”
He went on to talk about entrepreneurship having its ups and downs and that“entrepreneurs, with all odds against us, feel like we can change the world.” He adds a brazen slogan from a partner company, Ring. “We didn't know we couldn't do it. So, we did it.”
Snowball
https://www.snowball.money
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Snowball Referral Link – SOC
https://secret.snowball.money/?ref=8196bb5a3a&utm_source=sharing-copy&utm_campaign=secret
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