crypto startups
3 statements across 3 episodes · 0 bullish · 3 bearish · 3 people on the record · first statement Sep 24, 2018 by Sarah Tavel · across every show →
Everything said about crypto startups, oldest first
Sep 24, 2018 bearish
2018 crypto startups secured nine-figure valuations based solely on white papers
“And then what's different though, from ad tech is that, and it makes it even harder is that you're often investing in a white paper or a deck. There's no code or traction that you get to invest behind. The company often has, you know, over a hundred million do…”
Oct 22, 2018 negative
Xie: Raising too much capital makes crypto startup teams idle
“I would likely not invest in teams that kind of have this thinking, to be honest. I really like that the teams that are raising money, the amount that they actually need to build this product, because I think that in the end, if you raise Too much money that y…”
Nov 19, 2018 negative
$60M seed valuation caps put undue pressure on teams and degrade product
“When you see projects raising at 60 caps in seed rounds, it starts to make you question what's going on, and what it does in terms of the employees is it puts, I think, a lot of undue pressure on individual employees to ship products faster than they probably …”