Crypto Projects

“There's purists and there's tourists, and the best crypto projects were kind of at the intersection of purists and tourists.”

“I do think 99% of the ICOs in crypto projects have never materialized into anything reasonable. And I think a significant portion of them have been built by either grifters, incompetent people, or some combination of both.”

“I'd say 90% of them are probably going to start to blow up next year.”

“If you look at capital markets in the last 10 years, excluding crypto, probably the most important Thing, or one of the most important things has been the private companies are staying private a lot longer before going public. And all of that wealth creation i…”

“Most crypto projects from today are going to go to zero. There's a few that are going to be incredibly valuable and already are, and that's going to grow, but I think most are going to go to zero.”

“There's also, I think, gonna be even more of a reckoning coming where certain projects obviously sold securities and sold them contrary to securities law.”

“Value will usually accrue into either equity or a token network. It's very rarely both, but if it is both, it's probably like a 95%, five percent split.”

“I think that a lot of teams are extremely marketing heavy in this world, and that's generally the wrong approach for long-term success, but that may generate a lot of hype in the short term. I generally bias towards engineering heavy teams because that's how y…”

“Decks are a very efficient way to communicate, and you still need to iron out all the details of what you're doing, and you should have a white paper, but you need to have a friendlier entry point for investors, employees, and partners alike”

“I think that the days of saying we're going to reserve 30% of the tokens and that will fund our operations for perpetuity or over, I think it will look a lot more like traditional models.”