1confirmation
fund on 2 shows · 11 statements across 2 episodes · said 11 times in 3 episodes since 2019
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20VC 10
the a16z Podcast 1
2024 2 mentions in 1 episode
2023 8 mentions in 1 episode
2019 1 mention in 1 episode
every mention on every show, scene by scene, with the transcript →
11 statements about 1confirmation, every show
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 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 launched its initial fund in 2017 with $26M
“So our first fund which was launched in 2017 is twenty six million.”
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'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 Fund I distributions came mostly from equity
“Yeah, it was mostly equity actually.”
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.”
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…”
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.”