The Gritdaily Startup podcast is a must-listen for anyone in the tech and finance space. Hosted by Sebastian Rusk, it dives deep into important topics and trends with expert guests like Siddarth Patil from Comdex. In this episode, Siddarth talks about Decentralized Finance (DeFi) and how it has the potential to disrupt traditional financial services. He also emphasizes the importance of having a team making contributions with a shared vision. Siddarth shares insights on how to build a successful startup and the lessons learned from the latest crypto crashes. Tune into Gritdaily Startup and join Sebastian and guests as they discuss the future of technology and finance.

Topics Discussed and Key Points:

-Decentralized Finance (DeFi)

-The Benefits of Decentralized Financial Systems

-Lessons Learned from the Crypto Space in 2020-2022

-The Challenges and Rewards of Running a Successful Startup

-Exploring Grid Daily with Host Sebastian Rusk

Timestamps:

[00:03:04] Decentralized Finance (DeFi)

[00:06:04] The Benefits of Decentralized Financial Systems

[00:09:09] Lessons Learned from the Crypto Space in 2020-2022

[00:12:16] The Challenges and Rewards of Running a Successful Startup

[00:15:29] Exploring Grid Daily with Host Sebastian Rusk

Notable Quotes:

"So, you know, not everyday lives today. When you think about what finance means to us, a large part of it is just banking where, you know, you have your money that you work for with the jobs that you do. You typically trust a bank where you, you know, deposit all your money into a bank and you and you count on them to, you know, always have that money when you need it."

"What'd 5 is essentially decentralized finance, which is d 5 So how this how Defy differs from what we know as finance is that it's ultimately the decentralization of it you know, when you deposit your funds in a bank, you're trusting an entity, which is the bank that you, you know, you deal with."

"And as and when you need the funds, you kind of, you know, kind of do withdrawals with your bank and get your funds out of the bank. But in the past, on several occasions, you know, we've witnessed cases where multiple or when a large set of customers of banks have, you know, tried to withdraw their funds out of the bank simultaneously. Banks haven't been actually able to, you know, provide them that."

"So, the whole movement of crypto began with the ideology of self-custody where as long as I have 1 Bitcoin in my wallet, at any given point in."

"If not us, who, and if not now, when?"

"The focus of, I think, running a startup well is every member that's, you know, contributing to it should want to put in that hundred percent and should have complete alignment in doing that."

"It kind of strengthens our conviction in building decentralized systems when you see centralized systems fail again and again."

"The grittiest part of it is, you know, I mean, it's kind of it really depends on the individual journeys of every person who's building a startup. Each 1 will have a unique journey in them in their in their own regards.""

Resources:

•  The Grit Daily Podcast

Connect with Sebastian Rusk

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Connect with Siddarth Patil

• LinkedIn
• Website

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