The Chopping Block: VC vs. Liquid Funds, Friend.Tech’s Decline, Crypto Startup Exits - Ep. 704
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The vast majority of VCs out there in crypto are pretty bad because the bar for quality was so low to enter back in, like, 2019, 2020. So they self select for bad projects that come to market at valuations that are way above what they should be. So it just ends up being a one way ticket for those VCs to get to cash out those projects. So that kind of phenomenon formed a very cynical view of what VCs are, but I think, that's why I kind of we're we're very selective in terms of, you know, who we work with. We love kinda co investing with Dragonfly, for instance, because of the kind of, you know,
you on the pot. Yeah. It's
a good we we we paid we paid her to say this, to be clear. Not a dividend. It's
a tale of Tuquon. Now
your losses are on someone else's balance sheet.
Generally speaking, aircrafts are kind of pointless anyways. I
manage trading firms who are very involved. I
like the 8 of the old myth. DeFi
protocols are part of the antidote to this problem. Hello, everybody. Welcome to the chopping block. Every couple weeks, the 4 of us get together and give the industry insiders perspective on the crucial topics of the day. So quick intros, first we got Tom, the DeFi Maven and Master of Memes. Hello
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