Nick Tomaino
13 statements across 2 episodes · 2 bullish · 6 bearish · 1 people on the record · first statement Oct 30, 2023 by Nick Tomaino · said 3 times in 1 episodes since 2022 · across every show →
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brought up most by Semil Shah (3)
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Everything said about Nick Tomaino, oldest first
Oct 30, 2023
Tomaino: Crypto fund managers must beat a 50/50 BTC/ETH benchmark
“I mean, as a venture manager, you get paid two and 20, maybe more, maybe a little more, maybe a little less, but those are meaningful fees. The reason that you get those fees is because you can outperform you know, an index and you know, every private equity F…”
Oct 30, 2023 negative
Tomaino: a16z's large fund size drives investment in hyped token projects
“But yeah, I think more recently Fundsize has probably caused them to do some of the stuff that people you know, accuse them for, which again, I don't think they're dumping. They have to be very careful about that, but I do think they are investing in some of t…”
Oct 30, 2023 negative
Tomaino: Silicon Valley is driven by soulless greed, citing Sequoia Capital
“My sentiment in a lot of Silicon Valley is that it's very, there, there's a lot of soulless greed, and just this desire to create these kind of you know, massive funds create massive attention, and I think, again, Sequoia is the best example of this, and 1789,…”
Oct 30, 2023
Tomaino lost his entire $50K net worth in a phishing attack
“I got an email saying that Coinbase updated terms of service. I clicked the link to try to update the service, log into Coinbase to do so, logged into Coinbase with my password, boom the hacker Got into my account and drained all my Bitcoin. So it wasn't a ton…”
Oct 30, 2023 bearish
Tomaino: Few crypto funds will raise capital as LP scrutiny increases
“I don't think many crypto funds are getting raised. And I think LPs are going to get a little smarter and do more diligence and not just you know, deploy You know, like crazy into you know, fund managers that don't really have any unique insights or defined st…”
Oct 30, 2023 negative
Tomaino calls VC fund size focus the fakest part of venture
“Yeah, a hundred percent. I mean, I, to me, it's one of like the fakest parts of venture capital. It's like everyone, it feels like everyone's competing for prestige. Everyone talks about fund size or, you know, is trying to get press. These kind of vanity you …”
Oct 30, 2023 negative
Oct 30, 2023 negative
Tomaino: Crypto VC Funds Should Downsize After Raising Too Much Capital
“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…”
Oct 30, 2023
Oct 30, 2023 neutral
Oct 30, 2023 bullish
Oct 30, 2023
Tomaino reveals he was effectively pushed out of Coinbase
“Well, frankly, I mean, I got pushed out of Coinbase. Like, I wasn't a, Great employee, I think is the truth. I think I did a lot for Coinbase in the early days. But I wasn't, Coinbase got to a certain point where I wasn't great at kind of office politics and f…”
Jan 8, 2024 positive
Tomaino: Crypto speculation empowers people disenfranchised by legacy financial systems
“I actually think it's a really good thing. Like, there's a lot of people in the world that are disenfranchised by the existing economic systems, and crypto is like permissionless speculation that anyone can participate in, in kind of new financial systems. So …”