Schroeder: An uninformed crypto investor backed 14 Pakistani startups, inflating valuations
Chris Schroeder · Global Investing in Tech: Pattern Recognition, Founder Traits, Momentum | Field Notes by Connie Chan · Apr 19, 2023 · at 16:34
Global investor Chris Schroeder discusses the negative impact of non-value-add opportunistic capital in emerging markets with a16z partner Connie Chan.
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“I'm thinking about one person now who literally decided they were going to invest in 14 companies in Pakistan. They didn't really know Pakistan at all and never been there. They just assumed one of them would hit and that didn't help the ecosystem at all. I mean, it just helped jack up valuations and it was messy”
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