In the absence of investor accreditation laws you will still have venture capitalists. What does one confirmation play how does one comp actually win the deal for a startup? One thing that differentiates us from other vc's the most is we make very few concentrated investments and as a result of having a small portfolio we're able to spend a lot of time with founders post-investment. We ask them to like reference check our existing founders and ask them like rank all the investors on your cap table where would you rank one confirmation.
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