Saved by Austin Castellaw
A fundamentals driven crypto investment firm
Naval: "Crypto investing is to venture investing as venture investing is to value investing."
Tim Ferriss • Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs (#542)
One of the driving insights that led me to leave my job in 2021 at Reddit, because of my interest in the crypto industry, because of my fascination with decentralization, and because of my, you know, belief that the ability to own and control and create and have access to all of the data that we as individuals create online. I didn't believe that I
... See moreOn a recent Acquired episode, Multicoin Capital VC Kyle Samani points out why VCs have far greater risk-tolerance to make moonshot bets with tokenized web3 companies than they do with non-tokenized web2 companies: web3 VCs can always sell off the tokens, typically after a vesting period of a year. Where traditional VCs see most of their struggling ... See more
David Phelps • Collectivizing Finance
What he meant is that a typical crypto project will launch a token after their seed or Series A deal, leaving a later stage investor with no option for a private investment. Instead, that investor will have to negotiate an investment in publicly traded tokens with the DAO that controls a project’s treasury.