Gregory Pickett, the speaker, extends gratitude to the audience and opens the floor for questions, emphasizing the interactive nature of the session. The moderator encourages participants to engage either through the chat or by raising their hand, ensuring an inclusive discussion environment.

Here is the verbatim discussion:

Now thank you Gregory so much I would request everyone in the audience if you have any questions for the speaker that you would like to ask please uh post your questions in the chat box and we'll address those to the speaker or even you can raise your hand we will unmute you and you can ask a question directly to the speaker pretty quiet out there so do we have any questions coming up you can ask a question to the speaker if you want I believe they can send questions to you later right if they think of something later yes uh so I am uh sharing the email ID you can uh you know send us your questions if you have for the speaker and we will pass on that questions to the speaker and get the answer for it so you can uh see the email ID that's there in the chat box itself key factors Our Stars will mature that those that aren't shifting to understanding the problem will fall away those that do will be around to mature and get better that'll be part of the mat maturation process or get bought by somebody who is already mature and start putting uh some of these ideas into practice you also that's the technical level and also from the management level risk management right uh additional controls Insurance all sorts of things to handle at that level you know strategy planning preparation practice of things especially around instant response tools will broad you know tools set will broaden not only to give more options at the technical level but also at the management level and again I said you know strategies will evolve right they'll begin to to understand that the things are happening they'll begin to plans to improve and things will turn out better I don't think people realize how bad it was in the early days of traditional Banks right it was very bad Banks.

Highlights:

Understanding Security Challenges: Piet discusses the pivotal role of cybersecurity understanding in the maturation of web3 startups. Those adept at comprehending security issues are likely to thrive, while others may face acquisition or failure.

Management-Level Adaptations: The discourse extends to the management level, highlighting the evolution of risk management strategies and instant response tools. Proactive measures and adaptive strategies become imperative for sustainable growth and resilience.

Lessons from Traditional Banking: Drawing parallels to the evolution of traditional banking, Piet underscores the significant improvements in security practices over time. These historical insights inform the trajectory of web3 startups towards enhanced security and risk management.

The session offers insights into the intertwined journey of web3 startups and cybersecurity evolution. By embracing proactive security measures and adaptive strategies, startups can navigate challenges and position themselves for long-term success in the dynamic digital landscape. Audience engagement is encouraged through questions, ensuring a collaborative exchange of ideas beyond the session's conclusion.