The Startup Ideas Podcast
The Startup Ideas Podcast

The Wolf of All Streets, Scott Melker

January 27, 2022

AI Summary

5 min read

The Wolf of All Streets: Scott Melker on Building a Creator Business in Crypto

Scott Melker, known as "The Wolf of All Streets," didn't set out to become one of crypto's most prolific content creators. He was a DJ who had traded on the side for years, lost money repeatedly, and only found his footing when he stopped trying to be what others expected and started doubling down on what he was genuinely obsessed with. The conversation traces how he built a multi-platform creator business — newsletter, podcast, daily YouTube streams — from a single Twitter account, and the operating principles that made it work.

The Positive-Sum Ethos of Web3

Melker contrasts the music industry, where "everybody is for themselves" and "anyone you do business with is gouging you at every possible turn," with the crypto and Web3 space, where "it really feels like you're on a team and everybody's winning together." This positive-sum mentality is not just cultural window dressing — it was the mechanism that allowed his own growth. He describes how, early on, he would share and amplify content from people with tiny followings simply because the content was good. "It was impossible not to share the content that you made," he says, because "the ethos of a lot of what many of us do is we want to take complicated things and make them more simple."

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What you'll learn

  • 1 (00:00) **Introduction & Host Banter** - Hosts Greg and the other host set up the episode, highlighting Scott Melker's work ethic as "the wolf of all streets."
  • 2 (01:41) **Origin Story: How Scott Boosted a Stranger's Thread** - Host recounts how Scott DM'd and retweeted his early thread on the Fed put, kickstarting his own growth from 500 followers.
  • 3 (05:42) **Web3's Positive-Sum Ethos vs. Music Industry** - Scott contrasts the collaborative, worldwide team vibe of crypto/Web3 with the cutthroat, self-interested music industry.
  • 4 (09:58) **The Eclectic Web3 Community** - Scott notes that unlike the homogenous "tech bro" culture of Silicon Valley, Web3 attracts people from all walks of life who are figuring it out together.
  • 5 (12:10) **Scott's Accidental Pivot from DJ to Crypto** - Scott explains how his Twitter account evolved from a music/DJ account to a crypto account after he became obsessed with trading.
  • 6 (16:21) **Lessons in Viral Growth & Consistency** - The hosts discuss how consistent, quality content combined with community support leads to sustainable success, unlike random viral moments.
  • 7 (19:32) **The Dark Side of Being a Non-Anonymous Creator** - Scott discusses the downsides of being a public figure in crypto: fake news, hacking attempts, and constant negativity.

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Show Notes

Scott Melker isn't your average crypto expert. Then again, crypto isn't exactly your average area of investing, which might explain his incredible knowledge and success in the space. On this episode, we invited The Wolf of All Streets onto Where It Happens to help predict the future of crypto, learn new investing approaches, and find out why diversification might be one of the most misunderstood pieces of investing advice. If you ever thought that maybe your window of opportunity has passed, Scott shows it's never too late to make a big splash.


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