The Noise Cycle of Crypto Startups

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We're in this Goldilocks zone, Goldilocks era of crypto, where if you were going to leave, you would have left by now. And so we're in this NPC-free zone where all the homies are hanging out on crypto Twitter and we're all kind of just in this calm before the storm. I think one part of the cycle that you guys might be more tapped into more than the price cycle would be the signal cycle. How would you describe maybe the last two years of noise to signal ratio and the startup landscape? And how do you see where we are now?

Today on the Pod, we're discussing Why VCs Suck. And who better to answer that question than VCs themselves?

We're joined by Nick Tomaino and Richard Chen of 1Confirmation to discuss the role of VCs in crypto, the outlook on the markets, and how retail should prepare for the next cycle.

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🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku ----- Timestamps

0:00 Intro 6:00 Nick and Richard from 1Conf 7:20 The Price Cycle 11:50 The Signal Cycle 15:55 Tourist vs Purist 20:00 Why Do VCs Suck? 28:15 Raising vs Returning 32:40 How Transparency Shapes Crypto 38:30 VC Report Card 43:45 Holding Retail Accountable 48:30 Advice for Retail 51:15 How to Not Be Exit Liquidity 59:00 Should We End VCs? 1:03:10 How 1Conf Works 1:07:40 Crypto Native VCs 1:12:30 Looking to the Next Cycle 1:17:08 Prediction Markets 1:20:00 Crypto is Ready 1:24:00 Actually Using Crypto 1:28:20 L2s vs Alt L1s

----- Resources

Nick Tomaino https://twitter.com/NTmoney?s=20

Richard Chen https://twitter.com/richardchen39?s=20

1confirmation https://www.1confirmation.com/

Richard's Article https://showerthoughts.substack.com/p/thoughts-on-the-current-crypto-vc

----- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠