brock on Nostr: Yes … and their investment in Ten31 and the Ten31 portfolio companies (and the ...
Yes … and their investment in Ten31 and the Ten31 portfolio companies (and the management fees Ten31 charges) will under perform bitcoin.
Bitcoin destroys the VC fund model. VC funds are the centralization of capital with the intent to have a trusted group allocate that capital. Bitcoin will replace VC funds with private syndicates raising specific equity targets.
Look, I support Ten31 and what you’re trying to do … but let’s not pretend that it’s not going to clearly underperform Bitcoin. It’s a shitcoin for investors, but some whale Bitcoin investors might get behind the thesis that more Bitcoin companies will lead to faster and sticker widespread Bitcoin adoption and pump their Bitcoin bags. I don’t.
Stay humble and stack sats about it.
Bitcoin destroys the VC fund model. VC funds are the centralization of capital with the intent to have a trusted group allocate that capital. Bitcoin will replace VC funds with private syndicates raising specific equity targets.
Look, I support Ten31 and what you’re trying to do … but let’s not pretend that it’s not going to clearly underperform Bitcoin. It’s a shitcoin for investors, but some whale Bitcoin investors might get behind the thesis that more Bitcoin companies will lead to faster and sticker widespread Bitcoin adoption and pump their Bitcoin bags. I don’t.
Stay humble and stack sats about it.