Ep 192 - The Hustle Behind Playdex

EPISODE INTRODUCTION

After recently raising $2m seed funding, JD Laborada and Berna Misa of Playdex joins us in this episode to share how Playdex is helping players and guilds to rent gaming assets from NFT holders. JD and Berna will share their respective hustles which includes stints in fintech and AI startups. They will also share how they decided to create a Web3 project with the friends they made in La Union during the pandemic that includes Ron Hose of Coins.ph and Luis Sia of PayMongo. JD and Berna also shares how they were able to create an all-star team and create product quickly that led them to raise $2 million for their seed round.

GUEST LINKS

LinkedIn accounts of JD Laborada & Berna Misa

Find more about Playdex on their official website.

EPISODE TOPICS

[3:40] What’s Your Hustle? 

[5:00] Hustleshare Time Machine

[9:13] Falling In Love With Tech

[11:22] Being Data Scientists

[14:33] From Engineering To Computer Science

[19:09] Difference Between Computer Science And Computer Engineering

[23:05] Self-Education Process

[28:24] Working Together

[41:20] Running Guilds, Participating At DAOs

[43:50] Reason Why They Picked La Union

[49:43] Why NFT?

[54:17] Building The Team

[1:03:30] Raising $2M Seed Funding In This Climate

[1:07:06] Connect with Playdex

JARGON USED

  • NFT - ​​a non-fungible token (NFT) is a financial security consisting of digital data stored in a blockchain, a form of distributed ledger

  • Data scientist - are big data wranglers, gathering and analyzing large sets of structured and unstructured data

  • Development - a set of computer science activities dedicated to the process of creating, designing, deploying and supporting software

  • Computer science - is the study of computers and algorithmic processes, including their principles, their hardware and software designs, their applications, and their impact on society

  • Computer engineering - is a branch of electrical engineering that integrates several fields of computer science and electronic engineering required to develop computer hardware and software

  • Deepfake - synthetic media in which a person in an existing image or video is replaced with someone else's likeness

  • GAN model - a generative adversarial network is a class of machine learning frameworks designed by Ian Goodfellow and his colleagues in June 2014

  • Blockchain - a type of shared database that differs from a typical database in the way that it stores information

  • DAO - are decentralized, which means they aren't governed by one person or entity

  • Accelerator - programs designed to fast-track the growth of blockchain startups

  • Venture Builders - a focused unit of multidisciplinary practitioners who have a mission of developing new business concepts and launching new companies or products and helping them become successful

  • Web3 - an idea for a new iteration of the World Wide Web based on blockchain technology, which incorporates concepts such as decentralization and token-based economics

QUOTES FROM THE EPISODE

  • What you are building has to harmonize with what the company is building.

  • As a person with a data background, I geeked out because it’s literally a fair game.

  • The focus of an AI startup is to do impactful things but not everyone knows that implementing AI services is very expensive.

  • No matter who is making the best decision does not matter as long as it’s the best decision.

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