Crypto Startups

topic on 2 shows · 4 statements across 4 episodes

the a16z Podcast 20VC

4 statements about Crypto Startups, every show

a16z Disclosure
Dixon: a16z sees as many top founders in crypto as in AI
“I think that the you know, it's to me, if you sort of compare at our firm, so at the, you know, if you compare crypto to, you know, I don't know, SaaS, or like all the other kind of, you know, or machine learning, AI startups I'd say it's at least as many, lik…”
Chris Dixon Dec 21, 2018 ▶ 29:44 Company Building in Crypto: A Conversation between Brian Armstrong and Chris Dixon
20VC Insight
$60M seed valuation caps put undue pressure on teams and degrade product
“When you see projects raising at 60 caps in seed rounds, it starts to make you question what's going on, and what it does in terms of the employees is it puts, I think, a lot of undue pressure on individual employees to ship products faster than they probably …”
Jeff Morris Jr. Nov 19, 2018 ▶ 19:06 20VC: Investing Lessons From Observing Doug Leone and Bill Gurley, Why It Is Easier To Be Contrarian As A VC Than As An Angel & What It Takes To Run Tinder's Product and Revenue Alongside A Seed Fund with Jeff Morris Jr, Founder @ Chapter One
20VC Insight
Xie: Raising too much capital makes crypto startup teams idle
“I would likely not invest in teams that kind of have this thinking, to be honest. I really like that the teams that are raising money, the amount that they actually need to build this product, because I think that in the end, if you raise Too much money that y…”
Linda Xie Oct 22, 2018 ▶ 33:29 20VC: Scalar Capital's Linda Xjie on Who Will Win The Smart Contract War, The Future of Exchanges: Centralised or Decentralised & The Pros and Cons of Differing Privacy Coins
20VC Assertion Supported
2018 crypto startups secured nine-figure valuations based solely on white papers
“And then what's different though, from ad tech is that, and it makes it even harder is that you're often investing in a white paper or a deck. There's no code or traction that you get to invest behind. The company often has, you know, over a hundred million do…”
Sarah Tavel Sep 24, 2018 ▶ 26:58 20VC: Benchmark's Sarah Tavel on Why Investing Success Lies In Small Markets Adjacent To Very Large Ones, Why You Have To Be Judicious On When To Pay Up vs Be More Price Sensitive & Why Crypto Investing Is Like The Early Days of AdTech Investing

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