EP 41 — Inside Dune with Mats Olsen
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Welcome to the Deco podcast, where we bring you stories from founders and investors in Web three. Before we get started, this is not a financial or legal advice. It's just a conversation about things we find interesting in Web three. Views expressed are our own personal opinions. The co members or guests appearing on the show may have positions on assets they talk about. Alright. Another episode. We have Mats Olsen, who's the CTO and cofounder at Dune. I guess if you're in crypto for quite some time, one of the data companies that you've definitely come across is Dune. So, Mats, welcome to the
for having me. Great to be here. Yeah. Been in crypto since, 02/2017 now, and Dune has existed since 02/2018. So it's been a while. So
you spent, like, one year in crypto and started Dune. Like, is that? Essentially,
yeah. So while working a corporate job, got sort of pilled on investing in ICOs through a colleague, essentially, and that colleague turned out to become the CEO of Nonsense, so Alexander. So Alex and I are close friends from before and now run two prominent data companies in crypto. But, yeah, we got into investing in ICOs, got super interested in what was behind everything. Lost a bunch of money, obviously, over New Years, and then, quit my job and started working on it. Okay.
So I want to understand how Dune has evolved since then. I believe that it were, like, two of you who started in Oslo. And now I don't know what the headcount is, but I guess it's more than hundred now. We're
about 60 people. But yeah. Okay.
Okay. So how has it changed? Like, what was the focus then? What is the focus now? And how have you guys navigated, like, the last seven years here?
Yeah. So in one way, it's it's not too different today from what it was. And in another way, it's very, very different. So we started out back then by essentially leaning on our experience from, like, prototyping apps on chain. So we were building on test nets and really struggled to understand how to get data. And so I used to work as a data scientist, so I was really interested in this concept of the blockchain as a database and quickly realized that it's right optimized. You can't really read any data from it except, like, point lookups. So that was really the basis that or the, like, the t
Just that it's more change and more people.
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