The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 11 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
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…”
1confirmation bought OpenSea on the way up and sold near the peak
“We actually invested on the way up a little bit and then sold on the big way up.”
1confirmation's first fund had zero complete write-offs across 22 investments
“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…”
Tomaino: 1confirmation partner posted the first viral tweet exposing SBF's lobbying
“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 …”
Tomaino: 1confirmation prefers uncredentialed, deep crypto-native founders over Silicon Valley resumes
“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.”
Tomaino: 1confirmation invested $500K in OpenSea from $26M fund
“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.”
Tomaino: 1confirmation $1B AUM is mark-to-market portfolio value
“Well, a billion in AUM includes is kind of the mark to market, right? It's the value of the total portfolio.”
1confirmation sold 10% to 30% of stakes in major winning investments
“We basically you know, had some big winners that we, You know, sold somewhere between 10 and 30% of the position.”