Simonon

Just got off a call with some very well-known crypto VCs in the space.
At some point, one of them surprisingly said:
"We don't touch any token investments at the moment. Plus we're not willing to take on any vesting risk anymore. The token market has never been as terrifying as it is today."
I don't agree with this take, but I do understand where he's coming from. However, much more so it tells me a lot about where we are right now.
Sentiment and trust in crypto have never been this broken. If crypto native VCs - the people who've been here for a decade, who built this industry - are losing f

gm to absolutely everyone except the Trove scammers and all those involved with it.
Shame on you.

Just spoke with a portfolio company that had a huge product breakthrough.
As a result, they now have more revenue in the pipeline than their actual current FDV.
Makes you realize how many undervalued gems are still out there.
Either altcoins will die, or this will be remembered as the window of max opportunity.
Strongly betting on the latter.

Everyone was hating on the Infinex sale.
Everyone was shilling the Trove sale.
Now, everyone hates Trove.
Guess what comes next.
In hindsight, it will all seem obvious.

gm to absolutely everyone except those who are selling crypto and buying precious metals
We all know what’s coming next.

gm to everyone except those who still haven’t fixed their entire life in one day
it’s been almost a week, get it together

Weak founders obsess over their valuation.
Average founders obsess over their competitors.
Great founders obsess over their users.

Unpopular opinion:
Too much early-stage funding kills the hunger.
Looking at the data, there’s essentially zero correlation between amount raised and startup success.
I‘d always prefer small, hungry founders who raise only what they need over overfunded startups with mercenary Tier-1, circle-jerk cap tables.

gm to all the premium users who see my posts on their home feed
I appreciate you

The last 10 years of Ethereum: Settlement layer for the global casino.
The next 10 years of Ethereum: Settlement layer for global finance.
If the casino took us to 4 digits already, imagine what the entire financial system will do.
The repricing hasn't even begun.

gm to absolutely everyone except the jobless yappers and useless AI slop accounts
The biggest plot twist is @nikitabier healing CT instead of killing it.

To every founder out there trying to feed their ego with a fundraise:
A 9-figure valuation with zero users is not an achievement.
It’s a debt you’re taking from the future that you’ll never repay.
Raise less, build more.