FOMO co-founder Paul Erlanger joins Haseeb, Tom, and Tarun to answer last week’s unc takes on memecoins: why a fully transparent social graph beats copy trading, how FOMO became the biggest app on Robinhood Chain, Hunter Biden’s LAPTOP token, the three-way launchpad war, AMC’s fight with Robinhood over tokenized stock, and the AI race to solve Navier-Stokes.
Show highlights
🔹 Paul explains why FOMO refuses to build copy trading and bets on full transparency instead: trade well and the feed follows you.
🔹 Tarun spent his holiday weekend trenching, finished up a respectable 10 percent thanks to Hunter Biden copycat coins, and says it felt more like a video game than trading.
🔹 FOMO had 94,000 active wallets on Robinhood Chain, three times the next largest app, and its users no longer know which chain they are on.
🔹 Haseeb draws the line: buying Doge is harmless, but the memecoin production function is where retail reliably loses money.
🔹 Paul and Haseeb converge on churn: an app that lets customers incinerate themselves flames out fast, so FOMO rewards holding and theses over launching.
🔹 Hunter Biden’s LAPTOP token launches on Base with airdrops to Trump token losers and a scraped Channel 5 subscriber list.
🔹 Pons, Stonk.fun, and Pump fight over launchpad revenue while Paul stays agnostic and pitches Team Tags as the highest-intent distribution channel ever built.
🔹 AMC’s CEO calls Robinhood’s tokenized stock vile, and the panel debates whether one-to-one backed equity tokens fix the fundraising objection.
🔹 Tarun explains Navier-Stokes and why math academia is depressed after OpenAI’s $15 million compute run at a Millennium Prize problem.
Hosts
⭐️Haseeb Qureshi, Managing Partner at Dragonfly
⭐️Tom Schmidt, General Partner at Dragonfly
⭐️Tarun Chitra, Managing Partner at Robot Ventures Guest
⭐️Paul Erlanger, Co-Founder of FOMO