1confirmation

“We actually invested on the way up a little bit and then sold on the big way up.”

“When we invested we only invested 500 K initially. And that was, again, like at that time we had a twenty six million dollar fund.”

“Well, a billion in AUM includes is kind of the mark to market, right? It's the value of the total portfolio.”

“We basically you know, had some big winners that we, You know, sold somewhere between 10 and 30% of the position.”

“We didn't invest in one ICO.”

“In the first one, 22 investments, we've only we haven't had any zeros. We've had two projects that basically you know, dissolved, but they actually gave back, in one case, about 50%, and in, in another case, about 70%. So we actually haven't had any, Zeroes in…”

“Yeah, it was mostly equity actually.”

“A hundred percent. I mean, this is again, a generalization, but I think way too much money was raised. You know, you had people raise billion dollar funds that just had no unique insights or you know, no investing prowess really or anything like that, but they…”

“So our first fund which was launched in 2017 is twenty six million.”

“Richard on, on, my team, my partner, tweeted out on October 13th that Sam was working behind closed doors on a bipartisan bill that would have been very good for FTX, but bad for DeFi, right? And that tweet went viral. Obviously, a lot of other stuff happened …”

“How we view talent is like, we'd rather give money to, you know, a founder that doesn't maybe look good on paper, doesn't have credentials, but has been studying crypto deeply since 2013 when they brought their first Bitcoin or something like that.”